Tag Archives: mortgage scam

Corrupt Obama Admin Pressures NY Attorney General to Support Mortgage Whitewash

By Yves Smith
Naked Capitalism

It is high time to describe the Obama Administration by its proper name: corrupt.  The latest example is its heavy-handed campaign to convert New York state attorney general Eric Schneiderman to a card carrying member of the “be nice to our lords and masters the banksters” club.

[Image: Kathryn S. Wylde, New York Federal Reserve Board Member]

(Also see today’s TRNN interview of Yves Smith, “Should banks be a public utility?“)

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Obama’s Fatal Addiction: Immelt must go

By Robert Scheer
TruthDig

If it had been revealed that Jeffrey Immelt once hired an undocumented nanny, or defaulted on his mortgage, he would be forced to resign as head of President Barack Obama’s “Council on Jobs and Competitiveness.” But the fact that General Electric, where Immelt is CEO, didn’t pay taxes on its $14.5 billion profit last year—and indeed is asking for a $3.2 billion tax rebate—has not produced a word of criticism from the president, who in January praised Immelt as a business leader who “understands what it takes for America to compete in the global economy.”

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