According to Matt Taibbi Obama in the middle of pushing for a deal to help alleviate the suffering banks, who stole millions from the Americans

Obama Goes All Out For Dirty Banker Deal

POSTED: August 24, 11:17 AM ET

Eric Schneiderman and President Barack Obama

Michael Nagle/Getty Images and JIM WATSON/AFP/Getty Images

A power play is underway in the foreclosure arena, according to the New York Times.

On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the practice of chopping up assets like mortgages and converting them into saleable securities – that led up to the financial crisis of 2007-2008.
On the other side is the Obama administration, the banks, and all the other state attorneys general.
This second camp has cooked up a deal that would allow the banks to walk away with just a seriously discounted fine from a generation of fraud that led to millions of people losing their homes.

Full Story here: http://www.rollingstone.com/politics/blogs/taibblog/obama-goes-all-out-for-dirty-banker-deal-20110824