Exclusive: U.S. mortgage task force to act soon

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Exclusive: U.S. mortgage task force to act soon

Exclusive: U.S. mortgage task force to act soon

Just in time for the election. Exactly as projected!

Know what else is perfect timing? The Libor Probe May Yield U.S. Charges by September with Presidential Election 2012 Around the Corner


Reuters-

The mortgage task force formed by President Barack Obama to probe misconduct that contributed to the financial crisis will soon take legal action, New York Attorney General Eric Schneiderman said on Thursday.

Schneiderman, a co-chair of the task force, would not say whether cases would be brought against individuals or financial institutions. He also would not comment on whether criminal charges would be filed.

But he said his office would take action and that he expected his federal counterparts on the task force to do so as well.

“We’ll see actions being taken sooner rather than later,” said Schneiderman, speaking in an interview at his office in New York.

The Residential Mortgage-Backed Securities Working Group was formed in January, to probe the pooling and sale of risky mortgages in the runup to the 2008 financial crisis. Obama said he was creating the group to “hold accountable those who broke the law” and “help turn the page on an era of recklessness.”

[REUTERS]

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3 Responses to “Exclusive: U.S. mortgage task force to act soon”

  1. Sarah says:

    Act soon, to put it all behind us, even though many more folks will
    lose their homes.

  2. joe says:

    What a joke. They were to slick and did in right in front of everybodies eyes. WE SHOULD REALLY START TO PROSECUTE THESE JUDGES THAT ARE LETTING ALL THESE FORECLOSURE MILLS BRING ALL THESE FRAUDULENT DOCUMENTS INTO COURT AND PROSECUTE THESE JUDGES FOR GIVING THESE HOUSES AWAY TO THESE FAKE BANKS AND SERVICERS. THAT DON’T EVEN HAVE ONE PIECE OF PAPER SHOWING PROOF OF OWNERSHIP .

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