BofA: Schneiderman Has No Rights to Sue

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BofA: Schneiderman Has No Rights to Sue

BofA: Schneiderman Has No Rights to Sue

What does the AG or any other AG for the matter expect…they continue to allow them to conduct business after being caught a million times committing fraud. I can assure you a small business WOULD NOT have a second shot at these frauds. IMO, these AG’s do not serve the public at all.

Like Former OH AG Cordray said once on TV — “BANKS OPERATING ON A BUSINESS MODEL BUILT ON FRAUD”


WSJ-

Bank of America is pushing back against New York Attorney General Eric Schneiderman, who threatened to sue the bank over alleged violations of last year’s $25 billion mortgage settlement.

In a letter to Schneiderman this week, lawyers for the bank said the attorney general can’t sue until the bank has been given time to cure any of the alleged violations.

“Bank of America has not committed any potential violations…let alone failed to cure those potential violations,” wrote Meyer G. Koplow and Theodore N. Mirvis, attorneys from the New York law firm Wachtell, Lipton, Rosen & Katz.

[WALL STREET JOURNAL]

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