News that the U.S. Department of Justice is going after Standard & Poor's over pre-crisis mortgages is startling; it shows how far the Obama administration will go to take away focus on those really responsible for the home mortgage crash. U.S. Attorney General Eric Holder is seeking to prosecute S&P when he ought to be going after the real culprits: Barney Frank, Chris Dodd, Chuck Schumer and others involved in encouraging (forcing under pressure) Freddie Mac and Fannie Mae executives to provide mortgages to people who weren't eligible for them.
Oh! They're asking for a $5 billion penalty, too. Is this another type of hidden tax structure? This is just another example of the “I am above the law” mentality that pervades Washington politics. When are the American voters going to see real justice for once?
Robert Bostick, Altus