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Whether Attorney General Holder and top congressional officials will get on this forcefully remains to be seen. So far, there's more furor than action or tough measures. There's also risk it may subside post-election, given other lame duck session priorities, then a new Congress in January. However, the housing scandal is so huge ("foreclosuregate" one part alone) that momentum may give it legs in 2011.
The situation bears watching. Financial institutions may be penalized, but expect no top heads to roll, just perhaps a few lower-level sacrificial lambs. It's how Washington officials always handle scandals, because they, too, are complicit.
Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net. Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/.
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