When Is Political Theater Just Like Sex? When You Are Timing Your Release

and he rarely finishes too soon

The New York Times takes a very Pollyanna view of the Obama administration’s recent announcement naming Eric Schneidermann as the lead dog on mortgage securitization fraud.

“President Obama’s credibility is on the line. To restore public faith in the financial system, nothing less than a full investigation and full accountability will do.”

And yes, Virginia… there really is a Santa Claus….

Jesus, Joseph and Mary… really?  So you guys down at the Times really believe that’s the motivation?  Altruism?  Restoration of the public faith?  Bwahahahahaha!  <The Smug Bastard breaks out into song.... "Somewhere, over the rainbow….">

Do you think it was just a co-inky-dink that Lisa Madigan’s Illinois A.G. office just yesterday announced it’s plans to file a lawsuit against Standard and Poor’s for alleged misrepresentation of the risk involved with a  boatload of debt securities that turned out to be not worth the paper they were written on?

“There is good reason to be skeptical. To date, federal civil suits over mortgage wrongdoing have been narrowly focused and, at best, ended with settlements and fines that are a fraction of the profits made during the bubble.”

First – I’ve been told by people who know that building a case successful case to prosecute a fraud is difficult and time consuming.

Second – what the fuck year is this???!!!!!????? Oh, that’s right…. It’s an election year and the incumbent running for POTUS is a flaming populist.  Publicly neutering a few fat cats is the surest way to the heart of the unwashed voting masses who are yearning to be free…. Do I have to think of fucking everything???  In this case, the populist is going to do what he does best – be popular…God remains in his heaven, Satan in his hell and all is well with the world.