OK, we knew this all along, but I still winced when I read it in Firedoglake:
For perhaps the first time, President Barack Obama was forced to explain why there have been no prosecutions of Wall Street executives for their fraudulent actions during the run-up to the financial crisis. Asked by Jake Tapper to explain this behavior, Obama basically suggested that most of the actions on Wall Street weren’t illegal but just immoral, and that his Administration worked to re-regulate the financial sector with the Dodd-Frank reform legislation.
“Banks are in the business of making money, and they find loopholes,” the President said. Apparently forging and fabricating documents to prove ownership of homes that are subsequently stolen from borrowers is now a loophole.
The Occupy movement, as it spreads from New York City to all parts of the country, is shining a light on all those murky-minded Democrats who haven’t had the balls to speak up for the unemployed, the underemployed, the homeless, the near-homeless and all the other beleaguered people the Dem Party used to represent. More here.
Whadja expec from a oreo cookie.
I cannot believe he said the whole thing!
I mean, seriously, he’s now outed himself as being soft on white collar crime — as long as it’s just ignoring the spirit of a law or done with sincere greed at heart.
But, medical marijuana dispensaries, legal under CA state law? Well, just change the meaning of the tax laws to not cover just them.
Isn’t that special?