Abigail C. Field-
As reports of a 50 state AG settlement negotiation with the big banks continue to surface, the big mystery to me is why the AGs think they have good faith negotiating partners in the banks. I mean, the Nevada AG sued BofA for “almost immediately” violating, in basic and profound (“material”) ways, a settlement agreement that BofA negotiated and signed with attorneys general over Countrywide’s practices. Nor is that blatant settlement fraud by BofA the only sign the banks aren’t credible enough to talk to.
How about the consent decrees with their wholly captured regulator, the Office of the Comptroller of the Currency, that promised an end to robosigning/document fraud? Journalists willing to
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