The Problem With Peace Treaties [Of the Political Kind]

It was sweet while it lasted, a lean across the Great Divide by two political opponents, namely Elizabeth Warren running for the US Senate seat in Massachusetts and Scott Brown, hoping to keep that seat planted firmly under his fanny.

The agreement was sensible after an early barrage of negative political ads. Karl Rove’s group first claimed Warren was a secret socialist, her blood line running straight to Stalin [the Matriarch of Mayhem], which evolved into an accusation that she was somehow a sympathetic friend to Wall St. financial institutions.  No doubt the banks did a double take.  Conversely, Warren’s admirers claimed that Brown was financed by those same financial institutions [which happens to be true].  He also claimed that the press was giving Elizabeth Warren a free ride, not hitting her with the really ‘hard’ questions.

Whining appears to be a Republican strategy for 2012.

Nonetheless, both parties agreed to reject the outside, 3rd party organizations funding these less than complimentary videos, ads and press releases.  But as history tells us, ceasefires and negotiations are dicey at best.  Even signed treaties can have gaping loopholes.

Such is the case in this wobbly agreement [hattip to TPM].  The Boston Globe reported earlier this week that Warren’s people were breaking the pledge by allowing an unflattering website, Rethink Brown.com, to surface in an expanded form.  The site displays several of Scott Brown’s quotes.

What are these quotes?  So, glad you asked.

The first statement is: “I go to Washington representing no faction, no special interest . . . ”

The quote is from Brown’s victory speech the night he won the Massachusett’s Senate seat in 2010.  Full quote:

I go to Washington as the representative of no faction or interest, answering only to my conscience and to the people. I’ve got a lot to learn in the Senate, but I know who I am and I know who I serve. I’m Scott Brown. I’m from Wrentham. I drive a truck, and I’m nobody’s senator but yours.

The comment is dated January 19, 2010 and fits nicely into Brown’s debate performance, where he corrected a moderator, regarding the former Senate seat:

With all due respect, it’s not the Kennedys’ seat and it’s not the Democrats’ seat.  It’s the People’s Seat.

That single comment literally turned Brown and his handsome mug into household familiars.  It was a star moment.

The dirty trick is that Elizabeth Warren jumped into the 2012 race and turned things upside down.  The recent complaint, the way this rabble-rousing, pro-Warren website is smearing Scott Brown, thereby breaking the peace accord and the public’s love affair?   The website places Scott Brown’s own words against facts, then properly cites and corroborates them.

For instance, the unfortunate fact that Scott Brown has accepted $1.1 million from Wall St. contributions, ferreted out by Center for Responsive Politics.  Or that Brown used his swing vote to water down Wall St. regulations, a story reported by the Boston Globe.  Or that Forbes magazine cited Scott Brown as one of Wall St’s favorite congressmen, with the article provided for reading pleasure.

Not only that but the Rethink Brown site manages to wiggle around the deal’s agreement because it’s not paid advertising, simply a group making a rather pointed statement on its own site.

Dastardly!

Color me suspicious when Brown claims these revelations break the spirit of the agreement, that this is just a way of peddling lies and misinformation.  Where are the lies?  What is the misinformation?

There’s a vast difference in pointing out a candidate’s contradictions to bold-face fiction and prevarication.  I would consider the latter approach the sort of thing Karl Rove’s GPS Crossroads’ group relies on consistently.

As for my suspicions?  No sooner did the Globe article come out ‘exposing’ Rethink Brown.com than the Massachusetts GOP launched an anti-Warren ad [also not covered under the agreement].

Okay.  That’s true.  Warren has done very well for herself. I can’t confirm the numbers but Elizabeth Warren is certainly no longer struggling financially. The comment on the Lawrence O’Donnell show?  What sort of wealthy was she speaking of—the top 1%, the top 5, 10, 20?  We don’t know from this video because we don’t have the entire clip.   But here’s the complete quote:

You know, I’m with you on this. Either don’t own it or put it in a blind trust, you know, where someone else manages it and you literally can’t see what’s in there. I realize there are some wealthy individuals — I’m not one of them — but some wealthy individuals who have a lot of stock portfolios. But you’re exactly right. I don’t understand how people can be out there in the House, in the Senate, they get inside information and they’re making critical decisions. We need to feel like they’re making those decisions on our behalf, not as an investor who would do better if the law goes this way instead of that way. I agree.

How clever.  They chopped off the ‘qualifier.’  Warren is not a wealthy individual of the sort who has a lot of stock portfolios, which would cloud her legislative judgment.  This was a discussion about insider trading and conflict of interest.  But look how easy it is to draw an inference—Warren lied about her wealth. She’s a wealthy woman. Oooooo.

And this is a Republican attack?

In fairness to Scott Brown he has a 2-year record he needs to support—things he said, things he did.  As for Elizabeth Warren?  She too has a record in Washington where she stood for protecting consumers against unfair business practices and how she developed then midwifed a Financial Protection Bureau into being, one to protect consumers in those same deals and contracts.  She’s also said quite bluntly that the American people got a raw deal in the economic debacle of 2008.  I don’t recall her ever saying Americans shouldn’t strive for success or eschew all monetary reward.  What I remember Warren stating unequivocally is that successful individuals are obligated to pay their fair share to the system that made their success uniquely possible.  Including the 1%.  Why?  Because it’s equitable.

Mr. Brown, I have nothing against you personally.  You seem like a perfectly nice man.  But tell your ad-meisters to use the truth-o-meter next time out.

And do yourself a personal favor—stop the whining.  It’s extremely unattractive.


Thursday Reads: The Not-Quite-Humanness of Mitt Romney

Good Morning!!

I had never seen the diagram above before until last night when I was browsing through reactions to Mitt Romney’s latest insensitive remark, “I’m not concerned about the very poor. We have a safety net there.” That’s when I found the above diagram at Andrew Sullivan’s blog.

Here’s an explanation from Wikipedia:

Hypothesized emotional response of human subjects is plotted against anthropomorphism of a robot, following Mori’s statements. The uncanny valley is the region of negative emotional response towards robots that seem “almost human”. Movement amplifies the emotional response.

The idea is you can make an emotional connection to a robot; but a robot that is very close to looking and acting human, but not quite, will elicit disgust. This could explain the reactions of revulsion that many people have toward Mitt Romney. From Wikipedia:

If an entity looks sufficiently nonhuman, its human characteristics will be noticeable, generating empathy. However, if the entity looks almost human, it will elicit our model of a human other and its detailed normative expectations. The nonhuman characteristics will be noticeable, giving the human viewer a sense of strangeness. In other words, a robot stuck inside the uncanny valley is no longer being judged by the standards of a robot doing a passable job at pretending to be human, but is instead being judged by the standards of a human doing a terrible job at acting like a normal person.

Sullivan suggests that Romney is “probing zombie territory.” I found this a very helpful way to think about the way Romney presents himself in public. He is trying very hard to act like a regular human being and he almost succeeds, but not quite–sort of like the fake humans in Invasion of the Body Snatchers.


Mitt Romney is a pod person!

Another behavior I’ve noticed about Romney is his tendency to get almost manic and go way overboard–as he was doing down in Florida in his attack on Newt Gingrich and in his glee at winning the primary (only the second he has won). I mentioned to Dakinikat yesterday that I thought Romney could use some lithium carbonate to bring him back down to earth.

According to Sullivan, others are picking up on this tendency too. Sullivan links to a series of photos by Dan Amira at New York Magazine, with this introduction:

Mitt Romney came into the 2012 presidential race with a reputation as a stiff, humanoid robot. Consequently, he’s been making a concerted effort to seem more warm and friendly when interacting with voters on the campaign trail. But there’s a happy middle ground between “robotic” and “maniac on ecstasy” — a middle ground that seems to elude Romney on a regular basis.

Here’s one of the photos.

I really need to read Andrew Sullivan more often. He writes:

I was chatting with a Mormon friend the other day and asking him what Mormons make of Mitt on this uncanny valley question. The phrase he came up with is “the Mormon mask.” It’s the kind of public presentation that a Mormon with real church authority deploys when dealing with less elevated believers, talking to them, and advising them. The cheery aw-shucks fake niceness in person is a function in part, some believe, of the role he has long played in the church: always a leader.

Because, make no mistake about this: Mitt Romney is a Mormon church leader. I mentioned before that I’ve been reading The Real Romney, by Boston Globe reporters Michael Kranish and Scott Helman. Here’s a 2008 quote from Mitt that introduces the chapter on the Romney family history:

I believe in my Mormon faith and I endeavor to live by it. My faith is the faith of my fathers. I will be true to them and to my beliefs. Some believe that such a confession of my faith will sink my candidacy. If they are right, so be it.

Mitt Romney has served his church in official leadership roles since 1977, when he became a counselor (essentially second in command) to the president of the Boston “stake.” Romney was only about 30, much younger than most who ascend to this position. But Romney was seen as special. He later became a Bishop and then stake President. As such he was in charge of “about a dozen congregations with close to 4,000 members all together.”

Romney’s great great grandfather Miles A. Romney heard Joseph Smith speak in England, and soon after emigrated with his family to the U.S. to become one of the 12 original Smith apostles. Romney’s ancesters helped to build the earliest Mormon temples, and they unquestioningly followed orders from Smith, and later Brigham Young, to marry multiple wives and travel to far away places at the whims of these church leaders. Romney’s great grandfather, Miles P. Romney along with his three wives and twenty-one children, started a polygamous Mormon colony in Mexico. That is where Mitt’s dad George was born. George returned to the U.S. at age seven.

Yesterday I read quite a bit of an e-book by Michael D. Moody, who was a classmate of Mitt Romney’s at BYU. Moody’s ancestors were also among the earliest followers of Joseph Smith. Moody’s book is called Mitt, Set Our People Free! A 7th Generation Mormon’s Plea for Truth. It is written in the form of an open letter to Mitt from one who has “left the cult.” The “letter” was actually written in 2008, but Moody believes it is just as relevant today.

As undergraduates, Romney and Moody belonged to a BYU booster club, the Cougar Club (BYU didn’t permit Greek fraternities). The club raised large amounts of money for the church and the university. Moody writes that

…in 1970-71…the Cougar Club buzzed that you planned to run for President someday and it became a fait accompli by 2006. Early and aggressively, you began your long-planned push for the U.S. presidency. After making all the right business moves and a few snazzy dance steps to the political right, you were suddenly a top tier contender for the Republican nomination with significant insider support and a freshly reinvented persona.

Moody was surprised when he heard Romney repeatedly tell interviewers and supporters that he had never intended to run for office–it just happened somehow. In fact Moody can’t understand a lot of the things Romney says that he (Moody) knows to be lies.

Moody had been somewhat rebellious during his early years at BYU and ended up getting suspended and then drafted and sent to Vietnam. It was there the Moody began having contact with non-Mormons and began to learn the history of the religion that had been hidden from the faithful–like the fact that the Book of Mormon had obviously been written by Joseph Smith himself and that the book contained many sections that had been plagarized from the King James Bible.

Still, even when he came home from Vietnam, he returned to BYU, joined the Cougar Club, and gave the religion he had been born into another chance. After he graduated, Moody went into politics specifically to support Romney’s push for the presidency and to be prepared to be one of Romney’s cabinet members when the time came. He writes:

I did my duty to the Mormon Gods and ran for Governor to expand our Kingdom and help you lead the world into the Millenium. Actually…by then I had begun my long journey out of the cult.

Moody is no longer a Mormon, but he says that Mitt Romney is still a true believer. One of the beliefs that many Mormons hold is the “White Horse Prophecy.” Moody writes:

Like previous generations, we were reared to believe the U.S. Constitution needed saving, and the LDS Church would do it. We knew our reward, because of primordial valience, was a chance to play major roles in the ensuing end day events. Jesus and “God the Father” had told the prophets, and our patriarchs had told us personally. We were a special generation.

That the U.S. Constitution is in [immanent] danger and will “hand by a thread as fine as silk fiber” in the latter days before the LDS Church rides to its rescue….The Church priesthood holders (men like Romney and Moody) will sweep in like knights to save the Constitution then set it aside to reestablish the theocratic Kingdom created by Joseph Smith and nearly perfected by Brigham Young. The stated plan is to pave the way for the political Kingdom of God and Joseph Smith’s version Millenial Kingdom on Earth.

A few days ago, Salon published an article by Sally Denton, another former Mormon and author of books on Mormon history, on Mitt Romney and the White Horse Prophecy.

When Mitt Romney received his patriarchal blessing as a Michigan teenager, he was told that the Lord expected great things from him. All young Mormon men — the “worthy males” of the Church of Jesus Christ of Latter-day Saints, as it is officially known — receive such a blessing as they embark on their requisite journeys as religious missionaries. But at 19 years of age, the youngest son of the most prominent Mormon in American politics — a seventh-generation direct descendant of one of the faith’s founding 12 apostles—Mitt Romney had been singled out as a destined leader.

From the time of his birth — March 13, 1947 — through adolescence and into manhood, the meshing of religion and politics was paramount in Mitt Romney’s life.

In the early 1960s Romney’s father George confided his political ambitions in his youngest son, then a teenager. Mitt actively participated in his father’s campaign for governor of Michigan, and during George’s three terms as governor Mitt was often in his father’s office, privy to major decisions. He attended the Republican convention with his father in 1964, and was kept abreast of his father’s failed campaign for President in 1968 (Mitt was a missionary in France).

Denton writes that [although the official church denies it] the White Horse Prophecy is “ingrained in Mormon culture and passed down through generations by church leaders…” She writes:

In this scenario, Romney’s candidacy is part of the eternal plan and the candidate himself is fulfilling the destiny begun in what the church calls the “pre-existence.”

Several prominent Mormons, including conservative talk-show host Glenn Beck [read more here], have alluded to this apocalyptic prophecy. The controversial myth is not an official church doctrine, but it has also arisen in the national dialogue with the presidential candidacies of Mormons George Romney, Sen. Orrin Hatch, R-Utah, and now Mitt Romney.

Mitt Romney himself has dismissed this notion.

“I don’t think the White Horse Prophecy is fair to bring up at all,” Mitt Romney told the Salt Lake Tribune when he was asked about it during his 2008 presidential bid. “It’s been rejected by every church leader that has talked about it. It has nothing to do with anything.”

Maybe not, but I still want to know more about Romney’s religion. What I’ve learned already is pretty strange–that God was once a man living on another planet, that “priests” like Mitt Romney will be masters of their own planets after death and that they will be able to take as many wives as they wish in the afterlife. That Mormon women can’t get into heaven unless they are married and and their husbands help them through. That women must stay married to the same man even after death and must be prepared to make way for his multiple wives and their children in the afterlife. And BTW, did you know that Romney’s family baptized Mitt’s confirmed atheist father-in-law as a Mormon a year after he died? No wonder Romney doesn’t want to talk about his religion!

I suppose it isn’t any more wacky than a lot of the stuff in the Christian old testament, but the fact that all this nonsense was sold to people in the 19th and 20th centuries and is people like Glenn Beck are still buying it and converting in the 21st century is pretty hard for me to accept. I don’t think that’s bigotry–it’s self-preservation. We’ve already seen what can happen when fanatical fundamentalist Christians start getting control of political parties and throwing their weight around in government and the culture as a whole (Susan Kommen, anyone?).

In light of all this, I find this statement by Romney in the CNN Florida debate to be very troubling:

The conviction that the founders, when they wrote the Declaration of Independence, were writing a document that was not just temporary and not just for one small locale but really something which described the relationship between God and man — that’s something which I think a president would carry in his heart.

So when they said, for instance, that the creator had “endowed us with certain unalienable rights, among them life, liberty and the pursuit of happiness,” I would seek to assure that those principles and values remain in America and that we help share them with other people in the world, not by conquering them, but by helping them through our trade, through our various forms of soft power, to help bring people the joy and — and — and opportunity that exists in this great land.

Am I crazy to be a little concerned about this guy? This post is getting very long, so I’ll end here. But I doubt if this will be the last time I bring up the Romney/religion issue. So far Romney has been allowed to skate on this. No one wants to ask him about it for fear of being labeled a bigot. I don’t care. I just want to keep another theocratic candidate from sneaking past our useless corporate media.

So… that’s it for me and my Romney obsession. What are you interested in today?


New Jersey Blues and The Big Guy

Though I now live in the foothills of the Smoky Mountains, I’m a native of the Great State of New Jersey.  With friends and family scattered across the Garden State [something of a misnomer], I still keep half an eye on NJ happenings.

As we all know, Chris Christie now fills the Governor’s seat [with abundance].  Yes, that was a cheap shot.  Christie has become a Republican darling for his blunt, shoot from the hip style.  In Tony Soprano fashion, Christie badmouths teachers, unions and anyone who gets in the way.  What a guy!

But the man is not without Sin.

Christie believes in limited gun control.  Eeek!  He has stated that in urban situations, limiting the number of guns makes sense.  The ‘makes sense’ is obviously a big issue with the current crop of Republicans.  Christie also expressed a belief in ‘Climate Change,” stating that human activity is undoubtedly involved and that he would defer to the experts.

OMG.  A science guy!  How did this man squeeze his considerable girth under the GOP tent?

The proposed mosque site in NYC?  Christie refused to take a stand.  He withheld comment, while the flames of controversy were fanned with heady delight by crank pundits, 24/7 shock jocks, faux celebrities and Fox News [ahem] reporters. [In full disclosure, I believed the mosque plans were unwise and badly timed—too soon, too close to the proximity of Ground Zero, which I’d visited two years before the story broke].

But worse, when appointing a judge to NJ’s Superior Court last year, Chris Christie appointed a . . . Muslim!  Can you believe it?  Shades of Sharia Law rained across Tea Party brows.  The horror!  The betrayal!

Christie’s response?  He was sick of dealing with the ‘crazies.’

But it’s clear now, indisputable, that Governor Chris Christie has learned nothing—nada, zip–from his past misdeeds.  The National Organization for Marriage [NOM] is up in arms over Christie’s appalling nomination of Bruce Harris for the State Supreme Court.

Why? you may ask.

According to NOM, Harris is an extremist of the worst kind.  He would be the first openly gay, third African American to serve the High Court and has publicly admitted support of and work in behalf of gay marriage legislation.  Though Harris has agreed to recuse himself on any legislation involving same sex marriage, he’d sent an unfortunate email [emails can get you in a whole lot of trouble] to State Senator Joseph Pennacchio.  NOM, in a mailing to supporters dated 30 January, with a header reading, Tell Christie to Withdraw Nomination of Pro-SSM Judge For Extremist Views Equating Christianity and Slavery, reproduced said email:

When I hear someone say that they believe marriage is only between a man and a woman because that’s the way it’s always been, I think of the many “traditions” that deprived people of their civil rights for centuries: prohibitions on interracial marriage, slavery, (which is even provided for in the Bible), segregation, the subservience of women, to name just a few of these “traditions.”

I hope that you consider my request that you re-evaluate your position and, if after viewing the videos, reading Governor Whitman’s letter and thinking again about this issue of civil rights you still oppose same-sex marriage on grounds other than religion I would appreciate it if you you’d explain your position to me. And, if the basis of your opposition is religious, then I suggest that you do what the US Constitution mandates—and that is to maintain a separation between the state and religion.

Here’s the rub, according to NOM and their screeching advocates:

. . . a man who cannot tell the difference between supporting our traditional understanding of marriage and wanting to enslave a people lacks common sense and judicial temperament.

And to suggest that legislators should ignore the views of religious constituents, that moral views grounded in the Bible are somehow illegitimate in the public square, seriously compounds the offense.

These are not the words of a judicial conservative, a man who believes in common sense, strict construction of the state constitution—the kind of judge Gov. Christie promised to appoint to the court.

Over the weekend, it was suggested I lacked a sense of humor when referring to NC Congressman Larry Pittman’s email, sent ‘inadvertently’ to the NC General Assembly, in which Pittman suggested ‘abortionists’ [they would be physicians who perform legal and safe abortions] should be first in line for a public hanging.  Public hangings, Congressman Pittman added, should be reintroduced to deter crime and set a firm, if not ghastly example.

He was making a funny, I was informed.

Those who would expect me to laugh off the Pittman email would no doubt expect me to consider the Harris email a source of outrage and NOM’s response as perfectly reasonable.

They would be wrong.

The Bible is illegitimate in the public square when it’s stuffed down out throats as a wearisome and pathetic excuse to continue spewing ancient, ugly bigotry and discrimination; control the reproductive lives of women; and persist in the ludicrous, absurd proposition that a fertilized egg is a ‘person.’

And sorry, Harris is absolutely correct—you cannot erase or rewrite Biblical history.  It is not pretty. It is not even civilized. It is also not relevant, beyond the Beatitudes, which are rarely quoted and sadly ignored.

To be clear, I am not a fan of Governor Christie; I do not support the majority of his economic principles.  But when it comes to taking a stand against the ‘crazies,’ I give the man major props.  He’s standing firm for Harris.  He’s doing the right thing.

The National Organization for Marriage claims that Bruce Harris is an extremist.  My suggestion?

Take a look in the mirror, folks.  Take a long, hard look.


William Black Goes Ballistic

I’ve been reading William Black’s essays and posts, watching his video interviews and You Tube presentations, ever since I saw him on Bill Moyers Journal speaking frankly, no holds barred, about how the financial industry had brought the country to its knees and gotten away with it.  He spoke frankly again during his Congressional testimony last year when he came right out and called the mortgage debacle that nearly finished the US economy . . . fraud.  Yes he used the ‘f’ word!  This was unlike other ‘experts’ who insisted there was no inkling of trouble on the horizon, that the financial meltdown was ‘an act of the economic gods,’ a huge surprise, the product of overly optimistic financial predictions.

No, Black said.  It was fraud.  It was criminal.  In case you missed that testimony, you can watch below.  It’s worth a second go-around.

Too bad Black’s comments were basically ignored, caught up in the razzle-dazzle of excuses, half-truths and political posturing that’s become all too familiar to anyone paying attention.  Business as usual is still the acceptable mantra.  In case, you’ve forgotten [time flies when we’re having so much fun], William Black headed Poppy Bush’s forensic audit team during the S&L scandal, which ultimately led to 1000 elite felony convictions.

Black’s investigative team wasn’t kidding around.

William Black came out yesterday morning with his own take on President Obama’s SOTU announcement of a Task Force [The Let’s Try It Again Task Force], quoting POTUS:

And tonight, I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans.

Black suggests we look at the wording, the avoidance of using the ‘f’ or ‘c’ word.  That would be fraud and criminal.  His response to this and Eric Holder’s follow up memorandum:

The working group will not “investigate … abusive lending” and it will not “hold accountable those who broke the law … [by defrauding] homeowners.” It will not “speed assistance to homeowners.” It will not “turn the page on an era of recklessness” – and fraud, not “recklessness” is what prosecutors should prosecute. The name of the working group makes its crippling limitations clear: the Residential Mortgage-Backed Securities Working Group. Attorney General Holder’s  memorandum about the working group makes clear that the name is not misleading. The working group will deal only with mortgage-backed securities (MBS) – not the fraudulent mortgage origination that drove the crisis (the only exception is federally insured mortgages).

Clearly, he’s not impressed.  No, instead he’s disgusted and enraged.  In fact, the essay nearly jumps off the page with genuine anger.  He goes on to say:

The working group is a symbolic political gesture designed to neutralize criticism of the administration’s continuing failure to hold accountable the elite frauds that drove the crisis. Neither the Bush nor the Obama administration has convicted a single elite fraud that drove the crisis. This is a national disgrace and represents the triumph of crony capitalism. Remember that the FBI warned in September 2004 that there was an “epidemic” of mortgage fraud and predicted that it would cause a financial “crisis.” There are no valid excuses for the Bush and Obama administrations’ failures. The media have begun to pummel the Obama administration for its failure to prosecute. The administration could not answer this criticism with substance because it has nothing substantive to offer in prosecuting elite mortgage origination frauds. The ugly truth is that we are three full years into his presidency and Holder could not find a single indictment to bring that Obama could brag about in his SOTU address. Who doubts that Holder and Obama would have done so if they had anything in the prosecutorial pipeline? Why do Holder and Obama have nothing in the pipeline?

One of the other things that deeply disturbs Black is President Obama’s willingness to play politics in this matter, float the gambit of the Task Force /Working Group and the reputation of Eric Schneiderman to create the appearance of a genuine hands-on effort.  But this move is not genuine as far as Black is concerned and contradicts the very essence of President Obama’s SOTU address, conjuring up the Seal Team that took out Osama Bin Laden—a team effort, concentrating on the mission.

This is no more than vulgar propaganda, Black claims.

He also refers to a disclosure made by Scot Paltrow for Rueters 10 days ago, revealing that US Attorney General Eric Holder and Lanny Breuer, heading the DOJs criminal division [also a co-chair of the ‘Let’s Try It Again Task Force], had been partners at Covington and Burling, a well-established and well-heeled law firm that represented many of the largest banks, providing cover for their clients through key arguments on the MERS debacle.

Conflict of interest anyone?

The state Attorney Generals?  They were lobbyied, leaned on, even offered [as was the case of AG Kamala Harris, CA] $8 billion to assist damaged California homeowners in a bid to agree to the original deal, which would have offered the big banks immunity from liability.  All so the President could announce ‘a deal’ in his State of the Union address, even though homeowners would be left out to dry and bank executives, who led deliberate “accounting control frauds,” could continue their conduct with absolute impunity.

This is ugly, made all the uglier in that it was sanctioned through and by the White House.  Black suggests that Eric Schneiderman recognized the leverage he had, agreed to join the Task Force as a co-chair with the stipulation that the original deal be modified, specifically concerning civil liability in mortgage origination fraud.

This might explain Jamie Dimon’s whine last Friday, pouting and claiming bankers are the objects of unfair discrimination.  Really?  Here’s the average American’s response:

Of course, you would think that this mess would be a window of opportunity for Republicans in an election year.  What an incredible club to use on President Obama to win the WH, maybe the House and the Senate by gargantuan majorities.

No fear there because for every compromised Democrat there is an equally compromised Republican.  Both the Democrats and Republicans rely heavily on campaign contributions from the financial sector.  Neither side is willing to cut their bankers [crooked or not] off at the knees.

What to do?  What better reason to support any and all actions to get money out of the political arena.  Until we do?  The world belongs to the highest bidder.