White House To Hold Banks Accountable Over Foreclosure Violations

[tridim]

WASHINGTON (Dow Jones)--The White House is committed to holding banks accountable for any legal violations tied to housing foreclosures, White House Press Secretary Robert Gibbs said Tuesday.

Gibbs also reiterated that the administration "strongly" supports an investigation by 50 state attorneys general into allegations that bank employees signed foreclosure documents without carefully reviewing the contents.

<snip>

Banks have faced allegations that they indiscriminately signed foreclosure documents and attorneys general in every state are investigating the financial institutions.

Gibbs said the Federal Housing Administration and Financial Fraud Enforcement Task Force are also investigating the foreclosure process.

http://online.wsj.com/article/BT-CO-20101019-709994.html

[Vincardog]

1. What then a Stern letter? This Administration is arguing that Ashcroft be given total immunity for h

crimes as aWoLs AG. What a farce.

[westerebus]

12. It's no wonder.

This Administration's AG doesn't have time to prosecute any frigging body, he's too busy burning the last occupant's records, notes, journals, emails and anything else incriminating.

That's one huge pile. Eight years worth.

Got to look toward the future. Boss's orders.

[Cronus Protagonist]

2. Well, if they support THAT as strongly as they support ending DADT

It will clearly be business as usual.

[jaxx]

3. Sensible approach, as usual.

50 states attorneys generals plus the feds....impressive.

[CanonRay]

4. Personally, I'll believe it when I see it

The banks are acting like there's nothing wrong, and that makes me think the fix is in.

[kysrsoze]

5. Content of letter: "You nasty, bad banks! Please don't do that again. For shame!"

Accountability doesn't mean diddly for this milquetoast administration. Heaven forbid they upset someone.

[hvn_nbr_2]

7. "PS: Here's $100 billion. Split it among your execs and be sure to...

tinkle some down on the serfs. Heh-heh."

[tridim]

11. You have no idea what you're talking about.

Nor do you have any clue how serious this issue is.

The WH knows.

[Po_d Mainiac]

13. -1000 n/t

[Donnachaidh]

6. it's easy to release a strongly worded press release and then

do nothing. :shrug:

Wake me up when real ACTION is being taken. :sarcasm:

[dixiegrrrrl]

10. But...but..Obama SAID

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,"

Remember?
( 60 Minutes, Dec, 14, 2009)

[bvar22]

8. There is strong "Bi-Partisan Consensus" in Washington to ensure...

...that Rich Bankers NEVER know a day of discomfort.


Now THIS is “Bi-Partisanship” !
Better get used to it!!
Hahahahahahahahaha!

[grasswire]

9. that photo makes me mad every time I see it

Goddam bunch of crooks there. Any elementary school teacher would look at those faces and read the sentiment. GUILTY. GUILTY.

[Kablooie]

14. I'll see it when I believe it.

Which means never. I don't believe it.

[fasttense]

15. If they halted all foreclosures in this country right now.

The the price of houses will increase immediately. 50% of all home sales are foreclosures. Just think what the price of housing would be if 50% of the current supply disappeared.

Of course the Obama Administration would never do that because it might accidentally help a homeowner. This administration has clearly sided with the banksters against the homeowners. It is only a matter of time before a law is passed to give amnesty to all corporations and banks who are forging documents.

Words are cheap. Action is what matters.

[northernlights]

16. accountable for fraud is one thing.

liable for damages from said fraud is a whole different animal.

Obama: master of the weasel word.