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Obama Administration Pressuring NY AG To Accept Bank Settlement Instead Of Prosecuting [View All]

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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 11:48 AM
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Obama Administration Pressuring NY AG To Accept Bank Settlement Instead Of Prosecuting
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This is really, really infuriating. Scheiderman is maybe the only person in America who's trying to hold banks accountable, and I knew it was just a matter of time before the administration started putting the screws to him for that very reason. I wonder if they're also bringing pressure to bear on the other state AGs who are resisting a broad settlement offering immunity to the banks (including Delaware AG Beau Biden, son of the VP):
Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, according to people briefed on discussions about the deal.

In recent weeks, Shaun Donovan, the secretary of Housing and Urban Development, and high-level Justice Department officials have been waging an intensifying campaign to try to persuade the attorney general to support the settlement, said the people briefed on the talks.

Mr. Schneiderman and top prosecutors in some other states have objected to the proposed settlement with major banks, saying it would restrict their ability to investigate and prosecute wrongdoing in a variety of areas, including the bundling of loans in mortgage securities.

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  -Obama Administration Pressuring NY AG To Accept Bank Settlement Instead Of Prosecuting Purveyor  Aug-22-11 11:48 AM   #0 
  - And the BO corporate enablers never fail to come thru for their benefactors  Vincardog   Aug-22-11 11:58 AM   #1 
  - The same reason they had to find some dirt to get rid of E.Sptizer.  OHdem10   Aug-22-11 12:00 PM   #2 
  - The Obama administration wants the mortgage debacle to be handle by the rich buying up the houses.  midnight   Aug-22-11 12:01 PM   #3 
  - Why not? Ebeneezer Scrooge was awesome towards the tenants of all the houses he owned!  MessiahRp   Aug-22-11 12:59 PM   #8 
  - That's yesterdays news -- like torture.  Hell Hath No Fury   Aug-22-11 12:07 PM   #4 
  - the Geneva Conventions and the state's prosecution of deceptive trade practices can be so quaint  Supersedeas   Aug-24-11 09:48 AM   #18 
  - From the NYT  ProSense   Aug-22-11 12:16 PM   #5 
  - I hate this. Do you suppose it's because he's got some "connected"  gateley   Aug-22-11 12:23 PM   #6 
  - They are doing it to gain a $20 billion settlement agreement, to benefit homeowners  bhikkhu   Aug-24-11 10:04 AM   #19 
     - I still think the American public deserves a Mortgage Payment Holiday  Supersedeas   Aug-25-11 07:58 AM   #21 
  - Bank lawyers will contest every single one of the robo-foreclosures in 50 different states  banned from Kos   Aug-22-11 12:48 PM   #7 
  - What a pile of bullshit.  girl gone mad   Aug-22-11 04:14 PM   #15 
     - comeon, hotshot. What are the actual damages on a foreclosed home where  banned from Kos   Aug-22-11 04:35 PM   #17 
  - Why the bank-settlement talks are likely to drag on indefinitely  ProSense   Aug-22-11 01:05 PM   #9 
  - Interesting - - there are two areas of dispute  banned from Kos   Aug-22-11 01:11 PM   #10 
     - spin...nt  xiamiam   Aug-22-11 01:37 PM   #11 
        - not spin - it clearly says Shneidermann is holding out due to securitization  banned from Kos   Aug-22-11 01:53 PM   #14 
  - let's hope this guy doesn't have dirt like Spitzer did.  yurbud   Aug-22-11 01:39 PM   #12 
  - Settling legal cases is usually desirable  treestar   Aug-22-11 01:42 PM   #13 
  - here's a totally unrelated story  Enrique   Aug-22-11 04:26 PM   #16 
  - Unconscionable corruption.  woo me with science   Aug-24-11 11:53 PM   #20 

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