Sunday Late Night: Did Obama Pre-Judge Bank Investigations?

By: Sunday October 9, 2011 8:01 pm

Having the President of the United States in their corner, publicly and resolutely stating that the “stuff” banks did “wasn’t necessarily illegal,” may not give a great deal of aid and comfort to middle-class Americans who saw their real estate wealth evaporate. It may not comfort folks illegally evicted from their homes, or those illegally foreclosed upon.

Obama’s words must comfort the comfortable most of all.


Miller Boots NY AG Schneiderman Off Foreclosure Fraud Settlement Committee

By: Wednesday August 24, 2011 8:15 am

In the 50 state AG “investigation” of the bank foreclosure/securitization fraud saga, there’s a smaller task force of about 13 AGs and two banking regulators who are involved in the negotiations with the banks and whatever else it is that they’re working on. It turns out that New York’s Eric Schneiderman was part of that executive committee, but now he’s been booted off.

Beau Biden Raises Additional Issues with BofA Settlement

By: Wednesday August 10, 2011 7:59 am

Yves Smith has liberated Beau Biden’s brief to a New York court asking for intervention in the Bank of America mortgage settlement. She finds Delaware Attorney General Biden talking along the same lines as New York AG Eric Schneiderman. Biden’s main objection is that he “does not have sufficient information to evaluate the reasonableness of the proposal.” But he goes further to say that his preliminary investigation into the mortgage backed securities business of the midd-2000s has turned up some problems.

Delaware AG Biden Joins AG Schneiderman, Intervening in Proposed BofA Settlement

By: Monday August 8, 2011 2:30 pm

Bank of America was just getting over having the New York Attorney General step in on their settlement with Countrywide investors over mortgage bonds, when Delaware’s AG decided to join in.

Morning Swim: May 12th, 2010

By: Wednesday May 12, 2010 4:59 am

A brief look at what’s happening in the news on the morning of May 12th, 2010.

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