Beau Biden: The biggest banks don't believe we have the guts to pursue these fraud allegations.

[gateley]

He (AG of Del.) and other AGs are going after the banks! Drop him a line and give him your support!

[gratuitous]

1. Depends on who "we" is

State AGs might do it; the federal DOJ? I think the biggest banks have reason for their assessment.

[gateley]

3. I understand the distinction, but am grateful for the State AGs even if the DOJ doesn't do the right

thing. It's POSSIBLE if enough States pursue this, if it gets enough press, the DOJ may be FORCED to take some action. Possible, but not holding my breath.

[zipplewrath]

2. Close

Actually, once the civil penalties are avoided, they probably believe that they aren't personally criminally liable for actions take by other people who are no longer with the firms. In many cases, the firms don't even exist, they were bought (Country wide) by other banks. The current owners will probably be more than willing to help build cases against them, once their civil liability is gone.

To some extent I think this is the REAL deal being cut. Quickly settle the civil claims and get an ally for pursuing the criminal claims.

[gateley]

4. Interesting -- you may be right. Hmmmm...

[Brother Buzz]

5. Paging Kamala Harris, please pick up the nearest white courtesy telephone

Kamala Harris of California has left the Miller/Obama talks, but not joined the independent investigation of Schneiderman and Biden.

[roguevalley]

6. I'm tired of talk. Do it. Of course they aren't afraid. no one has

done anything and half the obama administration has a dog in the game. Hence Holder holding his fire.

[msongs]

7. the Obama admin is not stocked with wall streeters for nuttin' you know nt