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Originally Posted by aceventura3
Obama as the presumptive nominee of the Democratic party as now assumed a leadership role. He spoke out against Countrywide before these revelations, now he is dismissive of what could be very unethical or illegal behavior.
I don't know how to spell this out more simply. If you don't see what it has to do with Obama, there is nothing more I can do to help you at this point.
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If Countrywide acted in a potentially illegal manner, the Dept of Justice, not Congress, should investigate.
Even before his remarks on Countrywide, Obama introduced legislation last year in response to predatory lending practices in the housing finance market (
STOP FRAUD act).
On the issue of CEO compensation, he is also preparing to sponsor legislation in the Senate (that passed in the House last year) that would give company shareholders a say in how much executives get paid by requiring corporations to have a nonbinding vote by shareholders on executive compensation packages.
I dont know what more you would expect him to do as one member of Congress.
And I dont know how to spell it our more simply than that.