Two days ago, I highlighted a feel-good story about how officials in Santa Cruz County decided to take mega bank criminality into their own hands by voting to cease business relationships with five criminal TBTF mega banks.
Unsurprisingly, the federal government, under bank coddler extraordinaire, Barrack Obama, has decided to take a different tact. When “guilty pleas” threatened to exclude JP Morgan and Citibank from making certain FHA–insured loans, the Department of Housing and Urban Development (HUD) immediately came to the rescue and changed its own documents without telling anyone and without allowing for public commentary.
Read the rest here.