Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Obama Administration Pressuring New York Atty General To Drop Mortgage Fraud Investigations
Outside The Beltway ^ | August 24, 2011 | Doug Mataconis

Posted on 08/25/2011 12:06:14 PM PDT by 2ndDivisionVet

The Attorney General of New York has been on the receiving end of what seems like an unusual amount of pressure from Obama Administration officials to accept a settlement with mortgage lender rather than pursue the criminal fraud investigation that he opened several months ago:

Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, according to people briefed on discussions about the deal.

In recent weeks, Shaun Donovan, the secretary of Housing and Urban Development, and high-level Justice Department officials have been waging an intensifying campaign to try to persuade the attorney general to support the settlement, said the people briefed on the talks.

Mr. Schneiderman and top prosecutors in some other states have objected to the proposed settlement with major banks, saying it would restrict their ability to investigate and prosecute wrongdoing in a variety of areas, including the bundling of loans in mortgage securities.

But Mr. Donovan and others in the administration have been contacting not only Mr. Schneiderman but his allies, including consumer groups and advocates for borrowers, seeking help to secure the attorney general’s participation in the deal, these people said.....

(Excerpt) Read more at outsidethebeltway.com ...


TOPICS: Business/Economy; Conspiracy; Government; Politics
KEYWORDS: bhofascism; canteatwhatyouwant; cantsettempat72; corruption; democrats; economy; fraud; govtabuse; obama; ovalofficetempover78; presidentdowngrade; tyranny; undermyplan; watchwhatyousay
Navigation: use the links below to view more comments.
first previous 1-2021-23 last
To: 2ndDivisionVet

Now that Warren Buffett invested $5 Billion in Bank of America, and Buffet kisses 0bamas ass, you can bet all legal actions against Bank of America will come to a halt.


21 posted on 08/25/2011 2:00:12 PM PDT by Licensed-To-Carry (Hey Obama! All you have done is awaken a sleeping giant and filled us with a terrible resolve!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: I am Richard Brandon

She already did it in Alaska - they know her reputation.

Winning is half the battle, restoring America is what we need and that’s her intent and it’s ALL about America.


22 posted on 08/25/2011 2:02:32 PM PDT by presently no screen name
[ Post Reply | Private Reply | To 17 | View Replies]

To: 2ndDivisionVet

Now that Warren Buffett invested $5 Billion in Bank of America, and Buffet kisses 0bamas ass, you can bet all legal actions against Bank of America will come to a halt.


23 posted on 08/25/2011 2:03:52 PM PDT by Licensed-To-Carry (Hey Obama! All you have done is awaken a sleeping giant and filled us with a terrible resolve!!)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-23 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson