BoA has agreed to this settlement just weeks after Abigail Field did the work the Attorneys General and other regulators should have been doing. And she found that for a sample of NY foreclosures, Countrywide had endorsed none of the notes of Countrywide-generated mortgages.
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emptywheel |
Bank of America Offers to Pay $8.5 Billion to Stay in Business |
| By: emptywheel Thursday June 30, 2011 4:40 pm |
Two Dead Detainees May Get Justice. The Other 99 Will Not. |
| By: emptywheel Thursday June 30, 2011 12:30 pm |
Eric Holder just released an announcement revealing that John Durham has recommended criminal investigation of two detainees tortured to death. But cases of the remaining 99 detainees whose treatment Durham investigated will be dismissed.
The Fed Gives JP Morgan Chase Another Multi-Billion Dollar Bailout |
| By: emptywheel Wednesday June 29, 2011 6:25 pm |
Remember that swipe fee measure that passed the Senate twice? It lowered the amount credit card companies can charge merchants to $.12 a transaction. It was a stunning victory that retailers (which admittedly includes WalMart but also includes your locally owned business struggling to stay in business) won that battle twice.
Well, lucky for the banksters, they had one more ace in their pocket: The Federal Reserve, which just cut the baby in half and set transaction fees at $.21 plus some anti-fraud amounts.
Max Baucus Finally Gets His Grand Bargain! |
| By: emptywheel Tuesday June 28, 2011 7:11 pm |
Usually, when Max Baucus tries to craft a grand bargain, oversized legislation starts by getting progressively worse, at which point the legislation finally dies.
But he has finally succeeded in getting a grand bargain, with a deal to extend Trade Adjustment Assistance in exchange for votes on the Korea, Colombia, and Panama trade deals.
Jim Webb: We Are Endorsing Assassination of Leaders of Countries We Recognize |
| By: emptywheel Tuesday June 28, 2011 3:12 pm |
If we actively work to assassinate the leader of a country we recognize, we are implicitly endorsing such actions against us.
Obama Capitulates to GOP and Withdraws Labor Protection from Colombia Trade Deal |
| By: emptywheel Tuesday June 28, 2011 8:30 am |
As bad as it is too see the Obama Administration caving on worker protections, it is good to see Representatives like Sander Levin standing up and saying no.
“SWIFT” Boating the Russian Mafia |
| By: emptywheel Monday June 27, 2011 6:30 pm |
The US has had the potential capability to track Russian mobsters since SWIFT let us access the databases after 9/11, particularly now that we’re making all our specific requests orally. So far as I know, no one has ended up dead in a duffel bag over that access.
Warrantless Wiretapping and the New York Times: James Risen’s Community of Interest Subpoena |
| By: emptywheel Monday June 27, 2011 6:18 am |
The government says it hasn’t subpoenaed the phone records of any reporter. Presumably they mean no reporter has been the target of a subpoena. But with a community of interest subpoena, of course, the government would get Risen’s call data without subpoenaing him directly.
Boston Globe Proclaims RomneyCare Successful at Transferring Wealth from Consumers to Big Health Care |
| By: emptywheel Sunday June 26, 2011 12:30 pm |
The article proclaims that RomneyCare “achieved its main goals.” But nowhere in the 4,600+ word article does it treat “ensuring MA residents get access to health care” as one of RomneyCare’s goals. Instead, it reports on RomneyCare’s great success at ensuring MA residents get health insurance. And given the article’s admission that the cost of the program is unsustainable, the distinction is critical.
Anonymous Sources Claim Polish President Didn’t Know of Torture Site |
| By: emptywheel Saturday June 25, 2011 5:00 pm |
Remember the Polish prosecutor who got fired as he was preparing to charge top members of the Democratic Left Alliance party for their complicity in America’s torture site? The same newspaper that broke that story–Gazeta Wyborcza–just reported former President Aleksander Kwasniewski’s purported explanation of his role in the torture site: complete ignorance.


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