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In Will We Choose A Chinese Future, David Sirota asks the core question: "Do we accept an economic competition that asks us to emulate China?" THIS is the choice that the "job creators" are demanding that we make when they say we need to be more "

Edward DeMarco The Ideologue Whos Holding Homeowners - And the Economy - Hostage

by Richard Eskow | Feb 21, 2012

Once again we're hearing that a foreclosure fraud deal is about to be announced between major banks, the US government, and most or all of the states. We've heard that before, only to have the deadline pushed back so that holdout Attorneys General can be brought on board with the agreement.

Deal, or no deal? We're not sure, but it's certainly possible we'll hear something today, tonight, or tomorrow.

How will we know if it's a good deal for the American people? After all, this is an issue with a lot of moving parts. It includes all of the states and multiple agencies within the Federal government, and involves a multitude of allegations involving several different kinds of crime that come under different jurisdictions. Even the statutes of limitations are a moving target.

That doesn't mean we don't know enough to judge the deal, if and when it's announced. There are well-established facts to guide us, and the principles involved are clear.

Bankers who committed bank fraud deserve to be prosecuted and sent to jail. Enforcement of the law is vital to deter such behavior in the future.

If the President thought his mortgage investigation announcement would be an easy sell to progressive critics, he was only half right at best.

First, Republicans opposed extending the payroll tax cut that put an extra $20 a week in the pockets of 160 million working Americans.

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