That we would be screwed once again was to be expected. But what is still breathtaking to me is the unbridled arrogance of President Obama in pretending this is a great deal for people. I missed his TV appearance yesterday, but just looked at the grim photos and the transcript. Yes, they actually had the nerve to preserve the broadcast of their litany of lies, the likes of which we haven't heard since.... oh, maybe a week ago when Obama bragged on the exquisite execution and precise precision of his officially nonexistent war crimes. And the pictures memorializing yesterdays's heinous event actually reminded me of the publicity shot from The Sopranos. Mobsters, no matter the particular racket or crime family from which they hail, all seem to share the same body language and facial expressions: hands folded casually in front of their pricey dark suits, each oozing a uniform aspect of smug, sullen, cocky arrogance:
You can read the transcript of Obama's bravura performance here. I am not going to parse the whole speech: its mendacity and unmitigated gall speak for themselves. But here are a few excerpts from a somewhat more truthful rough draft rescued from my imaginary waste basket:
All right, good afternoon, everybody. Before I start, I just want to introduce
Last fall, my administration unveiled a series of steps
But in the meantime, we can't wait to get things done and to provide relief to America's homeowners. We need to
We have reached a
By now, it’s well known that millions of profes
sionals in the monied burbs Americans who did the right thing and the responsible thing -- shopped for a house, secured a mortgage that they could afford, made their payments on time -- were, nevertheless, hurt badly by the irresponsible actions of others: by lenders who tricked and defrauded sold loans to people who couldn’t afford them; by buyers who knew who were snookered into signing documents they didn't understand couldn’t afford them; by speculators who were looking to make a quick buck; by banks that took risky mortgages, packaged them up, and knowingly and fraudulently and maliciously traded them off for large profits.
Even worse, many companies that handled these foreclosures
We've got to think about that.
These practices were plainly
Under the terms of this settlement, America’s biggest banks -- banks that were rescued by taxpayer dollars --
All told, this isn’t
This settlement also protects our ability to further
Of course, even with this settlement, there's still millions of responsible homeowners who are out there
So thank you very much.