Maybe. As Taibbi writes, it’ll depend on the actual wording of the settlement. I’m less optimistic than he is about it. I’m also curious where the money from said settlement would go? To the people who were affected by this perjury? Or to the State, for their use (ostensibly) in preventing and/or perusing offenders? Bookmark […]
Filed in Economy, Law, Mortgages, Villians, Wall Street
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Also tagged bad bets, Bankrupt, Bankruptcy, Banks, Dumb Banks, Economy, End of the Rule of Law, Foreclosure, Foreclosures, Housing, Housing Market, Housing market still sucks, Housing recovery, Rule of Law, Shady Mortgage Industry Bastards, Villians, Wall Street
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…cross posted from NegativeCreditLine. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post
If these documents are destroyed, the tens – if not hundreds – of thousands of homeowners will have absolutely no recourse against foreclosure. In a just world, the court would prevent the lender from foreclosing w/out these documents, but they have shown they’re on the side of the corporation. Bookmark on DeliciousDigg this postRecommend on […]
…about time. Now, if only ever other state in the Union would get a clue. Watch now as legislators rush to the defense and aid of these banks. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post
…I hope he sues this POS company for everything it has. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post
…this lady is pretty much my hero. There are some who would say she’s milking the system for a free ride; however, when the system that originates mortgages is fundamentally corrupt…well, I applaud her. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post
…I hope she takes them for everything they have. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post
I would not be surprised. Holding the industry accountable…well, that would just be too hard. Instead, they will probably “whitewash” the whole thing, forgive the billions in fees owed to the States, and give the banks some more money for their troubles. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe […]
So Angel Mozilo gets a hefty fine (well deserved), but the Senators who got sweetheart deals…well, there’s nothing to see there, so move on. UPDATE: The rabbit hole gets deeper, folks. Mozilo will not be required to pay a dime. Countrywide will pay $25M from a fund established to bail out the company from its […]
…this is an argument I was making a couple of years ago, when the market went south and the banks started screwing with people. There are going to be significant long-term ramifications of this bubble bursting. This is only the start. On another note, it’s been…interesting as well as extremely aggravating…to see the mood shift […]
