I’ve really had my fill. I’m up to here (picture my hand patting my chest just below my neck) with the claims Martha Coakley is making about bringing “real accountability back to Wall Street and Washington.” The Attorney General is talking, in part, about the settlements she negotiated in the auction rate security scandal.
Watch the ad she’s running ad nauseum:
Each time I see it, it rings less and less true, based on my direct experience.
The claims about getting “$1B back from banks” conveniently leave out the fact that the Mass. AG’s office left thousands of small-fry holders of ARSs high and dry in the Commonwealth’s settlement with the banks. She got her press conference announcing a settlement…freeing the AG, the Treasurer’s Office and the banks to get back to business as usual. And the claims of accountability don’t match up with the fact that nobody from her office has ever returned my calls or a letter about this in nearly two years.
Madame Attorney General, isn’t it time, as you say in your ads, that you or someone in your office responds to retail customers’ frozen ARSs? (On the off chance you didn’t see my letter from December, 2008, I’ve attached it to this post.) Isn’t it time for you to stop claiming you’re for the little guy when your office cut deals with Goldman Sachs and UBS that left us out in the cold?
There’s at least one voter in the Commonwealth who knows what the AG’s brand of accountability will mean.
And, no, I am not a Republican.