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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  Aww, bullshit. We've been gamed again. (5+ / 0-)

    This settlement is crap. The banks get to systematically shit all over property law and get slapped on the wrist. There are any number of INDIVIDUALS who could personally pay this fine, it's nothing for these banks. You want a punitive amount that actually means something? Multiply this by 10. Then the banks would notice it.

    Just bullshit. We've been fucked again.

    "'club America salutes you' says the girl on the door/we accept all major lies, we love any kind of fraud"--The Cure, "Club America"

    by Wheever on Thu Feb 09, 2012 at 10:09:50 PM PST

    •  Doesn't sound like it (8+ / 0-)
      Banks also lost out on their attempts during negotiations to be given immunity from future investigations on a broad number of issues related to the mortgage meltdown. New York, California and several other states complained about the banks seeking leniency, and the immunity was narrowed considerably in the final settlement.

      "It does not release the group for a host of remaining liabilities," Nomura Securities bank analyst Glenn Schorr wrote Thursday.

      When New York Atty. Gen. Eric Schneiderman announced his participation in the settlement Thursday, he said it would not stop several ongoing efforts that he is leading.

      "On multiple fronts, we will continue to investigate the mortgage crisis that has impacted communities in every corner of this state, and ensure that justice and accountability prevail," Schneiderman said.

      If you can separate sex from procreation, you have given women the ability to participate in society on an equal basis with men. -Gloria Feldt

      by skohayes on Fri Feb 10, 2012 at 05:26:01 AM PST

      [ Parent ]

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