LETTER | Iowa AG: Banks may face criminal liability after robo-signing settlement

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LETTER | Iowa AG: Banks may face criminal liability after robo-signing settlement

LETTER | Iowa AG: Banks may face criminal liability after robo-signing settlement

LIES: Didn’t we hear this before?

HW-

The eventual robo-signing settlement between the 50 state attorneys general and major mortgage servicers will not release these firms from any criminal and not all civil liabilities, according to Iowa AG Tom Miller.

Rep. Jerrold Nadler (D-N.Y.) and 20 members of the New York congressional delegation sent a letter to Miller Wednesday, chiding him for allegedly ousting New York AG Eric Schneiderman from the talks.

“We are deeply troubled by your recent action to silence New York’s voice by removing New York State Attorney General Eric Schneiderman from an executive committee negotiating a nationwide settlement with the banks,” Nadler wrote.

[…]

“While a final multistate case release has not been negotiated and the release is a work in progress, attorneys general on the negotiation committee are not preparing to, nor will they agree to, release the banks from all civil liability,” Miller wrote in his letter to Nadler. “We are also not preparing to, nor can we agree to, release the banks from any criminal liability.”

[HOUSING WIRE]

[ipaper docId=63834830 access_key=key-1pa07f0fvx22a1cl256d height=600 width=600 /]

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One Response to “LETTER | Iowa AG: Banks may face criminal liability after robo-signing settlement”

  1. northlight says:

    It seems to me that the policy of handing corrupt entities money to assure that all was done for the good of the country and so the economy grows, which has nothing to do with these banks anyway, fails in comparison to what all this undermiming is doing to the psyche of the country, the Constitution and the effect on the image of our government.

    Stand up and do the right thing and let the stuff hit the fan upon the banks.

    They are not helping the people by modifying loans or using the money anyway, but are sitting and collecting interest from the bail out money. Obviously, they do not care about the economy or the country.

    When will our people learn about our butt kissing politicians and their payoff
    bribes? When will the apathy grow to a lions roar? Get up off your overstuffed asses and exercise your rights of protest, grievance and hold everyone accountable like they do us.

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