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Qtec
09-01-2011, 09:13 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(Reuters) - Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as <u>robo-signing,</u> in which <span style='font-size: 11pt'>bank employees <span style='font-size: 14pt'>signed foreclosure documents without reviewing case files <span style="color: #990000">as required by law,</span></span> the Wall Street Journal said.</span>

In an agreement with New York's financial-services superintendent, Goldman, its Litton Loan Servicing unit and Ocwen Financial Corp also agreed to <u>scrutinize loan files for evidence they mishandled borrowers' paperwork </u>and to cut mortgage payments for some New York homeowners, the Journal said. </div></div>

WOW. Banks AGREE to follow the law!!!!!!!!!

They should have been thrown in jail for fraud.

Its like a bank robber making a deal with the DA whereby he promises not to rob any more banks but gets to keep the loot he has already stolen.

Q... link (http://www.rawstory.com/rs/2011/09/01/goldman-sachs-and-two-other-firms-agree-to-end-robo-signing/)

Soflasnapper
09-01-2011, 09:19 AM
"We don't do that, we never did that... and we promise, not to do it again!" -- GS

LWW
09-01-2011, 09:33 AM
What's funny is that this lame arsed excuse keeps getting rolled out by the left ... and, yes, it was a technical violation ... as if it somehow it excuses the fact that the defaulters were in fact in default.

eg8r
09-01-2011, 11:43 AM
Why are we spending all this freaking money introducing new regulatory law and we are not even enforcing it? All that money spent just to see the banking regulator wait for the banks to "agree" to abide.

The bankers should have been tried in court for this and so should the feds for looking the other way and allowing to happen.

eg8r

Gayle in MD
09-14-2011, 09:52 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(Reuters) - Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as <u>robo-signing,</u> in which <span style='font-size: 11pt'>bank employees <span style='font-size: 14pt'>signed foreclosure documents without reviewing case files <span style="color: #990000">as required by law,</span></span> the Wall Street Journal said.</span>

In an agreement with New York's financial-services superintendent, Goldman, its Litton Loan Servicing unit and Ocwen Financial Corp also agreed to <u>scrutinize loan files for evidence they mishandled borrowers' paperwork </u>and to cut mortgage payments for some New York homeowners, the Journal said. </div></div>

WOW. Banks AGREE to follow the law!!!!!!!!!

They should have been thrown in jail for fraud.

Its like a bank robber making a deal with the DA whereby he promises not to rob any more banks but gets to keep the loot he has already stolen.

Q... link (http://www.rawstory.com/rs/2011/09/01/goldman-sachs-and-two-other-firms-agree-to-end-robo-signing/) </div></div>


We must destroy Repiglican Fascism before it's too late!