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 generals participation in the deal, these people said.....
(Excerpt) Read more at outsidethebeltway.com ...
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.
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.
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.
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.