There have been rumblings that the executive branch of our extremely competent and effective government is trying to dissuade what could be legions of lawyers ready to (rightfully) sue several banks regarding their incompetence, ineptitude, and general disregard for human decency.
An Atlantic blog post has a nice explanation for why Blagobamavich would want to do such a thing, and not for the usual campaign contribution conspiracy ideas. He does have this valuable ****ing thing.. and he's not going to just give up for free.
Oh wait...
yes he will.
Let me paint this picture for you all, and then tell me if you're not as horrified as I am about the concept of the Obama administration negotiating a deal on mortgages with legions of well trained bank lawyers.
Obama proposed "B" for the debt ceiling debate. Opponents in Congress suggested "A". Obama suggested "B+" for the debt ceiling debate. Opponents suggested "A". Obama said "A-". Opponents said "A". Obama said "okay."
Now, keep in mind the general collective idiocy of Congress. Now imagine the combined powers of every ivy league lawyer hired by Goldman Sachs, Bank of America, Citi, Wells Fargo, and company, each with the singular goal to screw everyone out of as much money as they they did with TARP and loans from the Federal Reserve.
Do we really want THAT DUDE negotiating what to do with all those mortgages, with THESE GUYS?
Lawyer up, America! You're government cannot negotiate for you because they lack the testicular fortitude! Hire a lawyer who does.
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