[Oldeconomybuyer]

The "state-federal deal" sounds a lot like more ACORN money.

[posterchild]

I’ve not followed this issue closely but I keep reading the complaint of using ‘robo-signers.’ Is that a euphemism for some other behavior?

Whether I sign a document, hire someone to sign a document, set up a robo-signer to sign a document, or get an NEA grant to find an artist to sign on my behalf using artist grade urine, I am still liable and bound by documents that were signed under my direction.

If the foreclosures are in error that should be spoken of, not the manner in which they were signed. What is the real issue referred to by ‘robo signing?’

[upchuck]

Shall we call a spade a spade?
"Under the agreement the banks' customers would not pay their fines to the Fed and would instead make them as part of the programs that comprise the broader state-federal deal.

The banks will not pay jack spit. All fines, etc. will be passed on to customers via lower interest rates on savings, higher interest rates on loans and other fees.

IMHO, the bank's hot shot management that screwed up should have to pay some of these fines from their pockets. What a deal! I can screw up really badly but have no personal responsibility.

[Revel]

Just another cover-up to get the banks out from under any civil or criminal liability for mortgage fraud. No one gets made whole. They give out bonus’s larger than this.

[longtermmemmory]

chicken feed.

a penny in alms for the slaves.

This will amount to around 2k per home fraud.

AND

This only goes to the upside down.

If you have equity but were cheated you are screwed ...AGAIN.

[kearnyirish2]

Since the taxpayers bailed out the banks, we’re getting the bill anyway.