For the last week or so we have been regaled with claims from the Bushwa Barry administration that the taxpayer will turn a profit on AIG, TARP money has been paid back and the economy was fixed over a year ago even though nobody seemed to notice at the time. Perhaps it’s an attempt by the shyster in chief to get his demoralized base – the ones he’s been crapping on for the last couple years – to “stop whining” and perhaps they would it it weren’t so obvious that all these claims are complete and utter bullshit.
Meanwhile, the bankers who made scads of cash pushing fraudulent mortgages they knew couldn’t be repaid and then made even more when their mortgage schemes blew up and the government decided to bail them out are now looking to hit the trifecta by using fraudulent documents to foreclose on the specious mortgages they pushed in the first place. Because who could have foreseen that a bunch of criminals who were rewarded for their duplicity rather than punished would take that as a pass to keep running the scam? Of course none of the myriad regulatory agencies ostensibly created to prevent this sort of thing could be bothered to do much about it ahead of time, so now that the latest round of fraud is coming to light JP Morgan, GMAC and others are suspending their foreclosure proceedings until they can get things sorted out. Translation – now that they’ve been caught red handed they’re going to try to pretend it was all an innocent mistake that they will fix with all due diligence and haste. And they’ll probably get away with it too, just like they have with the rest of their criminal practices.