Whining?! That's the new strategy? We thought we elected a warrior but instead we got a wimp!!
This is what's going to happen: The banks will be called out b/c they are not restructuring the mortgages of people who never should have taken out these loans to begin with and then the market is going to respond by RIGHTFULLY rewarding those banks. Their stocks will go up and they will laugh at those who think they should be "shamed" into restructuring those bad loans.
If the administration wants to actually do something then it has to use the power of legislation. It's the only power they have.
Shame doesn't exist anymore. Not on Wall St. and not on Main St. Main Street shamefully took out loans they couldn't afford and Wall St. shamefully took advantage of people who would never have been able to understand the terms of the loans they were offering.
Thankfully, anarchy hasn't hit yet, so the rule of law is the only way to get something done.
Maybe next time we'll elect someone who has some teeth (That goes 2X for the Congress).
Read the Article at HuffingtonPost