Tag Archives: eric schneiderman

Attorney Generals Bank Settlement Talks Drag On

The Obama administration plans to extort at least $20 billion from the banks to settle various government probes over inadequate paperwork processing for mortgages. Blaming the rich is the major theme from Barack Obama these days. He thinks that will … Continue reading

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Bank of America Ready To Settle Foreclosure Probe

Over the past year, Bank of America has written down and paid out about $30 billion to settle claims with its mortgage division. The bank is ready to settle a foreclosure probe with most of the state Attorney Generals. Without … Continue reading

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Foreclosure Settlement Talks With Big Banks

Flooded by foreclosures, America’s biggest banks were imperfect in their processing of mortgage defaults. To punish the banks and to accumulate a nice slushfund to bribe voters, Democrat politicians want to extract about $20 billion from the banks. As a … Continue reading

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Politicians Still Eager To Blame Banks For The Mortgage Meltdown

I don’t hear many politicians talk about their responsibility for the housing crash. What about the lowered lending standards they pushed through for blacks and latinos? What about forcing banks to lend money to people who are not credit worthy? … Continue reading

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Politicians Eager To Find Wall Street Responsible For The Housing Crash

Politicians are not as eager to investigate their own interventions into the free market, destroying what had been the most reliable investment around — mortgages. The New York Post reports: Several high-profile investigations, including one by New York State Attorney … Continue reading

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