There's Something About Deval Patrick... and Liz Warren

If, as Cornel West once so pithily observed,"Barack Obama is Wall Street's black mascot," then Deval Patrick is Wall Street's black mascot on steroids, crack and crystal meth.

So why is the former Massachusetts governor suddenly and belatedly entering the Democratic presidential primaries?

Let us contemplate the scenario in an admittedly speculative manner.

First a little background. As Michael Hudson lays out in "The Monster," an excellent investigation into the subprime mortgage crime spree that contributed to the complete collapse of the financial system in 2008, Deval Patrick was the lead civil rights attorney in the Bill Clinton Justice Department in 1996 when he inked a $4 million sweetheart deal with Roland Arnall, whom he had threatened to sue for using his Long Beach, California mortgage shop to target black home buyers with predatory loans. 

Patrick, as Hudson recounts, lamely explained the slap on the wrist by saying: "We recognize that lenders understand the industry in ways that we (government lawyers) don't."

Patrick also didn't balk when, after allowing Arnall to redirect $1 million of the settlement toward consumer education, the culprit picked his own consumer nonprofits and thus "parlayed an embarrassment for his company into an association that helped promote his image as a straight shooting reformer."

After his meaningless promise to behave himself, Arnall then ballooned his small-time loan racket into the monstrous Ameriquest financial empire, continuing to target black, brown, white, old, young, low income, even unemployed people with home loans whose payments ballooned to near-usurious rates after a couple of years. 

To further help Arnall salvage his rightly damaged reputation after he went national with his scheme and came under renewed investigation by several state attorneys general, Deval Patrick joined the holding company of the all-white Ameriquest board of directors as a way to reassure minority borrowers, as well as government regulators and the Wall Street investors in the bait and switch loan deals, which were sliced and diced to "spread the risk" and avoid accountability, that Arnall was totally on the up and up.

He wasn't. Millions of people lost their homes to foreclosure. Wall Street crashed. But not before Deval Patrick had written a glowing letter to Congress on Arnall's behalf, to help legislators overcome their sickly inhibitions against confirming this GOP mega-donor as George W. Bush's ambassador to The Netherlands. Arnall finally got the post after he agreed to dismantle Ameriquest and pay a pittance to the customers he'd defrauded.

Deval Patrick, instead of embarking on his own quest for the highest office in the land, should have been prosecuted himself for aiding and abetting a fraud,  or at the very least shamed into an early retirement. In hopes of leading the country one day, he instead followed in the Bain Capital footsteps of Mitt Romney and won the Massachusetts governorship - although unlike Romney, the Bain gig came after the "public" service, not before.

How does Elizabeth Warren enter into this? Well, it's quite the coincidence that Patrick announced his quest only one week after Warren shockingly said she'd consider him for her cabinet if she is elected president.

"If I could talk about people who aren't politicians, I talk about my former governor, Deval Patrick, who is a pretty terrific guy. I talk about some of the people I've met who are presidents of [historically black colleges and universities], especially those who are deeply engaged in education," she told CNN.

So, with little chance that he'll make the debates or appeal much to the general public, it looks like Patrick's  main goal is to get a lot of public visibility as he angles for an administration job as attorney general, treasury secretary or maybe even the vice presidency. Patrick could also be in talks with the
mysteriously ascendant centrist Pete Buttigieg, who has had his own problems appealing to black voters.  Vanilla Pete needs all the black cover help he can get, given his failure to address police racism even in his own small city of South Bend, Indiana. And then there is the little matter of Buttigieg lying about the non-existent endorsements of some important black South Carolinians, who are making no bones about how ticked off they are for being used in such a slimy way. 

Deval Patrick already has a proven track record of giving aid and comfort to dishonest people, and getting richly rewarded for doing so. A Buttigieg-Patrick ticket would be just the ticket to smooth over all those pesky racial problems. Or so they cynically might think.

Warren's own positive statements about Deval Patrick, meanwhile, make me wonder if she really is as smart and wonkish and plan-intensive as she markets herself to be. Or even worse, smart as she undoubtedly is, her praise of him makes me suspect that she is just plain cynical. If she didn't know about Patrick's sordid past and his neoliberal mindset when she touted him on CNN, then she hasn't done even basic research. And if she did know, then she's just another con artist in populist sheepdog clothing. 

And how about the bizarre way that she recently bristled at a very anodyne question from Amy Goodman at an environmental forum about the racism inherent in two largely white states (Iowa and New Hampshire) holding the first caucus and primary election, respectively? Warren's retort that she is "just a player in this game" was not only quite telling, it's more than a little disturbing, and it points very strongly in the cynicism direction.

I've been reluctant to criticize Warren too harshly, despite her technocratic piecemeal solutions to overwhelming existential crises and her applauding Trump at the State of the Union when he vowed to keep socialism out of the United States. She talks the class war talk, and that should count for a little something even if she doesn't mean it. She at least is making the billionaires nervous. And she did, after all, fight against the Trans-Pacific Partnership, unafraid to criticize the Obama administration for its lack of transparency over the brazen corporate takeover of the world that the TPP "trade deal" actually was.

Sad to say, I'm no longer even a tepid fan. Her Deval Patrick testimonial was the ultimate deal-breaker.

Again, though, why Deval, and why now? Besides the fact that the Obama crowd have long been urging him to run, this might also be their not so subtle signal to Joe Biden that he is toast. The impeachment inquiry is dragging both him and the Party down, and it will drag them down even further if Mitch McConnell feeds his inner Machiavelli on steroids, crack and crystal meth and decides to hold a formal impeachment trial after all.

Keeping Bernie, Liz and the four other senators running for president imprisoned in Senate chambers during such a trial would put a real damper on their campaign trail activities right before, if not during, the first primaries or even beyond. If the Republicans subpoena both Joe and Hunter Biden, and maybe even Obama himself as hostile witnesses for the Trump defense, they will give Buttigieg, the tainted Deval Patrick and the extremely tainted Mike Bloomberg all that much extra rope with which to hang themselves before Trump eats them for breakfast in the general election. 

And if Warren, Sanders and the four others use their impeachment camera time to breathe even one syllable about the election, you can rest assured that the Trumpies will gleefully pounce and accuse them of violating the Hatch Act, which prohibits political campaigning in official government places and in official government capacities.

Who knows? We may finally get the Spectacle and the ratings that the corporate media are counting on.

Or maybe not, if the Powers That Be decree that nothing must ever distract the public from the continued marketing of the Cold (But Getting Dangerously Warmer) War on Russia that the Ukraine-centered impeachment inquiry is now broadcasting to such abysmal public enthusiasm.