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Beau Biden cautious on signing off on mortgage settlement.

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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-26-11 10:09 AM
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Beau Biden cautious on signing off on mortgage settlement.
Beau Biden isnt winning any friends on Wall Street. The big-money guys arent happy that Delawares attorney general insists on asking tough questions about bad mortgages.

A lot of big players want the mortgage mess behind us.

The top banks, for instance, want a settlement that would protect them from future lawsuits or prosecution over fake paperwork.

The U.S. Treasury Department, on the other hand, wants the burden of the foreclosure scandal off the banks books.

Treasury officials tend to think a signature of agreement from all 50 state attorneys general would end the matter and let Wall Street breathe a little easier.

Biden and his New York counterpart, Eric T. Schneiderman, have declined to go along.

http://www.beaubiden.com/news/2011/news-journal-beau-bi...
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Aug-27-11 02:17 AM
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