The Obama administration has talked a good game about prosecuting mortgage fraud, but has done little to demand actual change on Wall Street. David Dayen from Salon reports that a 'task force' set up to examine problems in the packaging of residential-mortgage-backed securities during the bubble years isn't the independent organization it claims to be. "There are no offices, no phones, and no staff dedicated to the non–task force," Dayen writes.
President Obama is taking friendly fire over mortgage fraud issues
Source: Salon-The Daily Beast