Reply #75: Iowa Says State AG Accord Won’t Release Banks From Liability

[Demeter]

http://www.bloomberg.com/news/2011-09-02/iowa-s-miller-says-foreclosure-deal-won-t-release-banks-from-all-liability.html

VERY INTERESTING CAT FIGHT...IS IT A CAT FIGHT WHEN BOTH PARTIES ARE MALE?

The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, Iowa Attorney General Tom Miller said.

Miller said criticism of the multistate case was based on the “false notion” that its organizers were prepared to release the banks from all liability, including criminal liability. New York Attorney General Eric Schneiderman has been portrayed as resisting that position, Miller wrote in a letter to New York lawmakers who complained about Schneiderman’s removal from an executive committee working on the agreement.

“The negotiation committee, working on behalf of all 50 states, does not have any intention of constraining the office of the New York attorney general in any way, has not tried to do so and could not do so,” Miller said. “Schneiderman was removed from the executive committee because he has, over the last several months, undermined our efforts to reach an agreement.”

Schneiderman walked away from negotiations with the banks, Miller said. A spokesman for Schneiderman, Danny Kanner, declined to comment on Miller’s letter...

WHO YOU GONNA BELIEVE, TOM MILLER OR ERIC SCHNEIDERMAN? I FOLLOW THE MONEY...