Or maybe Obama is simply beholden to Wall Street and big business like pretty much all politicians are in thrall to Wall Street and the corporations.

Perhaps the government is primarily a tool of that oligarchy and exists to protect Wall Street and big business, not to restrain or punish them.

If that's the case, don't expect more than a token slap on BofA's wrist. Don't expect anything more than all the previous "investigations" into how the economy crashed. It's not like we don't already have plenty of evidence that the system is rigged. Obama already has a track record of not prosecuting wrongdoing on Wall Street.

Cynicism is aligned with Occam's Razor. You know I'm right.