Now we know what that plea by Goldman Sachs to “end robo-signing” was all about. It wasn’t just the New York banking regulator, but the Federal Reserve which sanctioned Goldman over their foreclosure practices today.
|By: David Dayen Thursday September 1, 2011 1:00 pm|
|By: David Dayen Monday July 26, 2010 6:30 pm|
It does appear that Elizabeth Warren has the inside track to getting the position as director of the Consumer Financial Protection Bureau. A source tells FDL News that Geithner is working on setting up CFPB with Elizabeth Duke, a member of the Federal Reserve Board of Governors. Duke is a former community banker and the past head of the American Bankers Association, a trade lobby group. She served on the ABA’s board of directors from 1999 to 2006. The ABA opposed the Dodd-Frank bill almost entirely because of the Consumer Financial Protection Bureau.