From the "I told you so" files, Obama is a bank puppet

[redrumloa]

Secret Documents Show Weak Oversight of Key Foreclosure Program

The documents also show how the Treasury Department coddled servicers that weren’t complying with the program’s rules. Once a year, servicers are required to certify that they are complying with the program’s rules. But servicers define for themselves what it means to comply. A company that admits violating the rules is allowed to merely submit a cover letter with their certification stating the exceptions and how it would fix the problems.

The documents were hard to obtain. They came as a result of two Freedom of Information Act requests by ProPublica. Initially, the Treasury Department, which administers HAMP, refused to release any documents at all. It was only after ProPublica appealed the denial that Treasury agreed to release some documents, although with large portions blacked out.
One of our requests has dragged on for more than two years, and even after all that time, the department continues to withhold certain documents, though it says it intends to turn over more.

 

[JoBBo]

Obama is a bank puppet

Excuse me but I am getting slightly confused. So, do you think your president a communist or do you think he is a puppet of evil business leaders? Or should one conclude that he is an anti-business communist who takes his orders from evil business men?

 

[faethor]

@Red, I'm with you. Obama has failed to pursue policies to protect markets. But, like JoBBo noted this is because he's not a communist but instead works towards big businesses.