Preet Bharara can’t figure out how to sue a Wall Street CEO, let alone investigate and indict one.

In one of the more cynical campaign promises I’ve seen in a while, the Obama Administration has apparently been running around to housing advocates telling them they will fire Ed DeMarco as head of the Federal Housing Finance Agency… after the election.

I mentioned in passing yesterday this federal civil lawsuit against Wells Fargo for its conduct on some FHA loans. “Mentioned in passing” is all that the suit deserved, but I see that the PR shop at DoJ tried to turn this into a big deal, with the media playing along. So maybe I should put together a short and sweet FAQ on this lawsuit, to place it in the proper context.

Please keep sending me those e-mails, but don’t get hurt feelings if I don’t respond. And good luck with that re-election thing.

The money isn’t coming back, and no one is going to jail.

How do you get puff pieces on the cover of Time Magazine? Inquiring minds want to know.

All of our financial elites are Oh! So Innocent! Eric Holder and Barack Obama agree.

No one should be allowed to evade responsibility on the theory that collective guilt creates individual exoneration.

Preet Bharara’s explanation for his failure to prosecute banksters is unconvincing. The plain fact is that he doesn’t really think anyone did anything wrong. How could they? They are the Masters of the Universe!

If we work together as a community, maybe we can get some criminal prosecutions for the crimes that caused the Great Crash. It doesn’t happen by accident.