Brian Moynihan

Obama’s Housing Campaign

Let’s connect a few data points.

Last Friday, Jame Dimon demanded that all the players (except the actual homeowners) get locked into a room until some leader solved the housing problem he and his buddies created.

On Sunday, the Administration promised, for what seems the bajillioninth time, to really do something about foreclosures.

On Monday, the Democrats confirmed that Obama will accept his nomination at Bank of America stadium. They did this to have more skyboxes they could sell to the 1%.

Then on Wednesday, Shawn Donovan rolled out the latest incarnation of the foreclosure settlement–one which still helps just a small fraction of families suffering because the housing bubble crashed.

And now the Administration has a meeting planned for January 23–what sounds like just the meeting DImon demanded–to iron out the last bits of such a minimally helpful settlement. There are two details of this meeting that are especially noteworthy.

First, only the Democratic Attorneys General appear to be invited.

Materials about the proposed deal are being sent to all states, and Democratic attorneys general have been asked to meet on Jan. 23 with Miller, Donovan and Associate Attorney General Thomas Perrelli, said Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller.

[snip]

Republican attorneys general will separately discuss the proposed settlement by phone the same day with their Republican counterparts on the negotiating committee in addition to Donovan and Perrelli, Greenwood said.

[my emphasis]

Even better? This meeting is in Chicago!

At the Jan. 23 meeting in Chicago, the federal and state officials will answer questions and discuss details of the potential deal in an effort to win support, Greenwood said.

None of the named principles of this discussion live in Chicago. Thomas Perelli is in DC. Shawn Donovan is in DC. Tom Miller is in IA. Even the banksters are from NY and Charlotte.

The one thing that’s in Chicago, of course, is Obama’s campaign headquarters. (Outgoing Chief of Staff and now campaign Co-Chair and former–future?–JP Morgan exec Bill Daley? He lives in Chicago!)

So to “solve” the foreclosure problem, we’re going to invite a bunch of people–but only the Democrats–to Obama’s campaign headquarter city to hammer out something that really only helps a fraction of those affected.

Yes we can.

Emptywheel Twitterverse
emptywheel @siestadrive There was interesting discussion abt doing an IRV poll to make this crapshoot more sensible. I might do that. @SamWangPhD
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bmaz RT @armandodkos: "Pick a drug law you don’t like and thank Sen. Joe Biden". He deserves credit for racially disproportionate impact of drug…
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bmaz RT @armandodkos: Jeralyn discusses Biden's awful record on crime issues // Joe Biden's Plans Have Long Roots http://t.co/6EFOlYUvrq via @Ta
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bmaz They shouldn't. Not to mention that Biden is horrid on law+order/crime reform issues. @Sherry_Reson @downwithtyranny https://t.co/25b4P2XaEA
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bmaz RT @JamesWolcott: "Moments from now Republican hopeful Donald Trump will be faxing us directly from Elvis Presley's home in Memphis."
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bmaz @PogoWasRight Well, theoretically, yes. But courts let this junk in all the time when it supports the government and cops.
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bmaz Lewinski is not a doctor, not even a licensed psychologist. Just a cop loving charlatan for sale. https://t.co/bANRY60qA3
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bmaz RT @macfathom: Excellent piece on Bill Lewinski by @mattapuzzo: http://t.co/DnX6CC52oT. For more on Lewinski, see my 2010 story: http://t.c…
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emptywheel Why are they even having Koch begfest? Haven't they already declared Walker their guy?
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emptywheel @RyanLizza To be able to push back against appearance that all Dems support broad criminal justice reform?
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emptywheel Is it me, or does Marist misunderstand how polls are ALWAYS used in Presidential politics? http://t.co/rq0NVTNjW0
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emptywheel @Mario_Greenly Don't blow it for that dude.
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