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Qtec
08-26-2011, 06:03 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal

August 21, 2011



Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure <span style='font-size: 14pt'>from the Obama administration</span> to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, according to people briefed on discussions about the deal.

..An initial term sheet outlining a possible settlement emerged in March, with institutions including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo being asked to pay about $20 billion that would go toward loan modifications and possibly counseling for homeowners.

<span style='font-size: 14pt'>In exchange, the attorneys general participating in the deal would have agreed to sign broad releases <u>preventing them from bringing further litigation on matters relating to the improper bank practices.</u></span>

The banks balked at the $20 billion figure. And the talks seemed to stall over the summer, as Mr. Schneiderman and a few other attorneys general — Beau Biden of Delaware and Catherine Cortez Masto of Nevada, for example — questioned aspects of the deal.

Mr. Schneiderman began objecting a few months ago to the proposed releases barring future litigation, declining to participate as long as they were included.

“<span style='font-size: 14pt'>The attorney general remains concerned by any attempt at a global settlement that would shut down ongoing investigations of wrongdoing related to the mortgage crisis,</span>” said Danny Kanner, the spokesman for Mr. Schneiderman. His office has opened several inquiries into mortgage practices during the credit boom. </div></div>

link (http://www.nytimes.com/2011/08/22/business/schneiderman-is-said-to-face-pressure-to-back-bank-deal.html?_r=3&hp)



So what happened next?




<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>N.Y. bumped from 50-state foreclosure committee </span>

Iowa Attorney General Tom Miller, <u>who is leading foreclosure settlement negotiations with the nation’s largest banks on behalf of all 50 states, </u><span style='font-size: 14pt'>abruptly removed New York Attorney General Eric Schneiderman from the coalition’s executive committee</span> Tuesday, saying he had “actively worked to undermine” the group’s efforts in recent months.

Miller did not speak with Schneiderman before he sent word about the decision. Rather, Iowa assistant Attorney General Patrick Madigan e-mailed counterparts around the country just before 1 p.m. announcing that New York had been booted from the key group of states overseeing the negotiations, “effective immediately.”
</div></div>

link (http://www.washingtonpost.com/business/economy/ny-bumped-from-50-state-foreclosure-committee/2011/08/22/gIQAG636ZJ_story.html)

Like the man once said,

"Sen. Dick Durbin (D-Ill.) has been battling the banks the last few weeks in an effort to get 60 votes lined up for bankruptcy reform. He's losing.

On Monday night in an interview with a radio host back home, he came to a stark conclusion: <span style='font-size: 14pt'>the banks own the Senate.</span>

"And the banks -- <span style='font-size: 14pt'>hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. <span style='font-size: 17pt'>And they frankly own the place,</span></span>" he said on WJJG 1530 AM's "Mornings with Ray Hanania."."

Q

LWW
08-26-2011, 06:13 AM
Let's review.

From your link:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Mr. Schneiderman began objecting a few months ago to the proposed releases barring future litigation, declining to participate as long as they were included.

“The attorney general remains concerned by any attempt at a global settlement that would shut down ongoing investigations of wrongdoing related to the mortgage crisis,” said Danny Kanner, the spokesman for Mr. Schneiderman. His office has opened several inquiries into mortgage practices during the credit boom. </div></div>


So, the NY AG doesn't want to shut down investigation of the mortgage crisis in NT.

The Obama regime wants to give cover to his bankster puppet masters.

I thought you were against the banksters ... yet you support the Obama regime at every turn as they block justice.

Why is that?

Qtec
08-26-2011, 06:47 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">yet you support the Obama regime at every turn </div></div>

No I don't. Neither does S. Its all in your imagination.

Q

Gayle in MD
08-26-2011, 08:14 AM
Remember what the Wall St. SEC regulator said when he was asked why they allowed extreme corruption to continue without doing anything about it? They, the Bushies, were all part of it, hence, the witch hunt after the man who WAS trying to get them for their crimes, a Democrtaic, of course, Spitzer, who was gotten rid of, just like Brooksley Born...complimennts of Greenspan.

"It would have been against the President's policy, (Ownership Society) /forums/images/%%GRAEMLIN_URL%%/crazy.gif

Rememmber when the Bush Administration fired all but the Bushies from the Department Of Justice?

E-mails missing, five thousand of them, /forums/images/%%GRAEMLIN_URL%%/smirk.gif and the fire in Dick Cheney's office, LMAO! /forums/images/%%GRAEMLIN_URL%%/smirk.gif

No bid contracts for the Bush/Cheney CEO's in Iraq!

Greenspan, throwing gas on the R.E. Bubble, with unjustifiably low interest rates?

"I never worried about fraud in the markets." HUH? /forums/images/%%GRAEMLIN_URL%%/crazy.gif

Spitzer being stalked by the operatives of the neocons, on Wall St., and exposed, while Vitter was given a standing ovation by his repig grand oil party, for doing the same damn thing.

From Kissinger to Cheney, Bush, Rumsfeld, funny how it's only the Repiglicans who can't leave the country, without ending up behind bars for war crimes, huh?

No righties who voted for George Bush twice, have any business accusing others of being the same kind of Bah Bah sheepies, Rah Rah War, parrots for the right, that all of them were throughout the most corrupt administration in history, since NIXON and REAGAN, that is.... War Crimes, and Treason, Repiglican policies!

What was it Archie used to say to Edith? Edith! Stifle!

Some Little Wonkie Weenies, and their buddies, should stifle it!

/forums/images/%%GRAEMLIN_URL%%/grin.gif

LWW
08-26-2011, 08:38 AM
So why did the banksters back Obama?

Qtec
08-27-2011, 04:03 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">So why did the banksters back Obama? </div></div>

They always back the winner <u>and the loser</u>.

When it comes to GS, its hard to find anyone in DC who is not tainted by them. They are everywhere. The problem is that there is a revolving door between Govt and Wall St but no party wants to do anything about it. Its corruption at its most basic level.



Q

LWW
08-27-2011, 04:40 AM
So dear leader told you that you believed in "CHANGE" and that you were against "SAME" ... and you slavishly nodded in agreement.

Then, dear leader delivered "SAME" and told you that you had always wanted "SAME" and never believed in "CHANGE" ... and you slavishly nodded in agreement.

Yep ... that's what apparently has happened.

Qtec
08-28-2011, 04:19 AM
Lets get back to the topic. Using your own method.

If Obama is doing this, where is the GOP opposition?
Where is the FoxNews 24 hours coverage of the POTUS trying to give Wall St a <span style='font-size: 14pt'>'get out of jail card'</span> for a measly 20 billion?

Q

LWW
08-28-2011, 10:08 AM
They are on FOX of course ... being that you are insistent upon others thinking for you and spoon feeding you the results, you would never know the obvious.