2012-04-20nakedcapitalism.com

There's nothing like watching someone who is already in a hole dig deeper.

Yesterday, the New York Daily News ran an article that chronicled how the much ballyhooed mortgage fraud task force was going nowhere fast. It quoted task force co-chairman Eric Schneiderman as saying that the effort had no staff and no executive director and the Justice Department confirming that the effort had no office.

The problem, of course, is that bout of candor is inconsistent with recent efforts of the Administration to pretend that there was a serious effort underway. So, not surprisingly, a piece appeared today in the Nation that tried to dispute the Daily News account but a discerning reader would see it as a de facto confirmation.


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