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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Banksters' Mortgage Counteroffer Makes a Further Mockery of Fraudclosure Settlement Negotiations | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="ocNpnT0uui"&gt;&lt;a href="https://www.nakedcapitalism.com/2011/04/banksters-mortgage-counteroffer-makes-a-further-mockery-of-fraudclosure-settlement-negotiations.html"&gt;Banksters&#x2019; Mortgage Counteroffer Makes a Further Mockery of Fraudclosure Settlement Negotiations&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2011/04/banksters-mortgage-counteroffer-makes-a-further-mockery-of-fraudclosure-settlement-negotiations.html/embed#?secret=ocNpnT0uui" width="600" height="338" title="&#x201C;Banksters&#x2019; Mortgage Counteroffer Makes a Further Mockery of Fraudclosure Settlement Negotiations&#x201D; &#x2014; naked capitalism" data-secret="ocNpnT0uui" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>It should really be no surprise that the banksters have the temerity to take a weak mortgage fraud settlement proposal, advanced by the 50 state attorneys general and various Federal agencies, and water it down to drivel. Since March 2009, when the Obama administration cast its lot with them, major financial firms have become increasingly intransigent. And this has proven to be a winning strategy, since Obama's pattern over his entire political career has been to offer proposals that don't live up to their billing, then eagerly trade away what little substance was there in the interest of having bragging rights for yet another "achievement". The degree of exaggeration involved is roughly equivalent to him claiming he'd bedded every woman he had ever met for coffee.</description><thumbnail_url>http://www.nakedcapitalism.com/wp-content/uploads/2011/04/Screen-shot-2011-04-01-at-6.18.46-AM.png</thumbnail_url></oembed>

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