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Topic: Report: Obama cutting secret deal with banks because foreclosure probe is going badly |
Report: Obama cutting secret deal with banks because foreclosure probe is going badly
Washington Examiner [DC], by Joel Gehrke
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Original Article
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Posted By:JoniTx, 1/5/2013 5:02:04 PM
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| President Obama’s financial regulators are reportedly negotiating a secret settlement with 14 banks to end an investigation into predatory loans and foreclosures because federal investigators are having trouble finding the evidence they need for a successful end to the probe. Fourteen banks — such as JP Morgan Chase, Citigroup, and Bank of America — would pay $10 billion, under the settlement, that would be used for relief for homeowners and families that have lost their homes. What do the banks get? “The proposed settlement would also halt a separate sweeping review of more than four million loan files
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Reply 1 - Posted by:
Cleanhousein2012, 1/5/2013 5:10:16 PM (No. 9100669)
Isn´t that called extortion?
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Reply 2 - Posted by:
Scribelus, 1/5/2013 5:10:54 PM (No. 9100670)
Alegal extortion, of course. And the fascist scum will get away with it, be cause there is "no controlling legal authority".
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Reply 3 - Posted by:
balogreene, 1/5/2013 5:11:06 PM (No. 9100672)
Why, if they can´t prove anything, would a bank agree to pay? Is the government going to lie about their findings? (no need to answer that)
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Reply 4 - Posted by:
trappedinmn, 1/5/2013 5:15:18 PM (No. 9100676)
So the banks pay 10 billion, the administration doles it out to their special interest groups, the people who might have been injured originally get nothing, and the costs of mortgages go up to replace the banks´ 10 billion, and the taxpayers and other innocents get screwed. Thanks again Washington.
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Reply 5 - Posted by:
King of all trolls, 1/5/2013 5:19:02 PM (No. 9100684)
Hey, we bailed them out. we´re 17 trillion (or is that 18) in the hole. Time to return the favor...or else! And so it goes in a fascist system.
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Reply 6 - Posted by:
hamrman, 1/5/2013 5:31:35 PM (No. 9100695)
This guy is unbelievable...a true snake!
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Reply 7 - Posted by:
Keekng, 1/5/2013 5:32:14 PM (No. 9100696)
Buehler? Is that you, Buehler?
Anyone see the ruling against the DOJ in the amount of $3.5 Million for bullying South Carolina?
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Reply 8 - Posted by:
calgrammy, 1/5/2013 5:33:28 PM (No. 9100697)
So no evidence can be found. Why pay up one cent? Oh yeah, it´s the dear leader redistributing wealth.
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Reply 9 - Posted by:
jntsrgn, 1/5/2013 5:45:18 PM (No. 9100714)
JP Morgan is on the short end of about 50 TRILLION in bad bets on mortgages and gold. This is just payola so the Fed keeps them afloat.
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Reply 10 - Posted by:
Spidey, 1/5/2013 5:45:27 PM (No. 9100716)
I don´t have a problem with people getting compensation for wrongly being evicted because of a paperwork screw up or whatever but I don´t think there was that many people who fall in this category. The left wing trial lawyers completely invented this robo signing thing out of thin air and a lot of people will get money over these bogus claims. It´s black and latino legal groups that keep mauling these banks with frivolous lawsuits,so they want them off their backs and will pay through the nose for them.
This whole calamity was created by left wing socialized housing programs and banks wound up in a lose/lose situation.
Now obama is using FHA to create more of doomed to fail loans.
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Reply 11 - Posted by:
BaseballFan, 1/5/2013 5:52:44 PM (No. 9100722)
Whew! Where would we BE without that good ol´ Obama Transparency (TM) ??
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Reply 12 - Posted by:
Country Boy, 1/5/2013 6:05:16 PM (No. 9100734)
#5 "Hey, we bailed them out. we´re 17 trillion (or is that 18) in the hole. "
Ahhh, most of those banks were forced to take the TARP money (at usury rates). All by AIG paid all back in full, with interest. AIG will complete the repayments soon.
What taxpayers lost money on in TARP is obamaMotors. I think it was originally $30 billion in the hole for the new GM. But everything is laundered through Ally Capital, so hard to tell.
But no money was lost on Wall Street. It was the obama takeover of GM that cost so huge.
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Reply 13 - Posted by:
mizzmac, 1/5/2013 6:32:23 PM (No. 9100754)
Yet another Chicago shakedown by the criminal-in-chief.
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Reply 14 - Posted by:
TruthAndJustice, 1/5/2013 6:40:54 PM (No. 9100760)
Blackmail takes on new meaning...
Does corruption no longer matter when delivered by our Attorney General, our President and Senate Majority leader? Do we have new standards for corruption and following the law depending upon ones party affiliation or ones ethnicity...
J. Christopher Adams had the guts to call out Holder and his Justice Department as not only corrupt but racist thugs when he up and quit...
When will the media do their job? This is America´s saddest, most pathetic chapter to respond to this cabal of communist thugs with utter impotence.
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Reply 15 - Posted by:
Italiano, 1/5/2013 7:18:00 PM (No. 9100780)
Nothing but a shakedown by our rogue Gestapo "Justice" Department. No evidence of discrimination whatsoever. One of the banks was facing an Obama-appointed judge, and elected to settle.
None dare call them reparations. But that is exactly what they are.
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Reply 16 - Posted by:
hamrman, 1/5/2013 7:19:30 PM (No. 9100783)
He is not a leader but a thug...deals?
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Reply 17 - Posted by:
TruthAndJustice, 1/5/2013 7:19:43 PM (No. 9100784)
Same dirty deal Obama´s bag woman Kamala Harris performed in Kalifornia...government sponsored anarchy for redistribution purposes...Completely illegal...completely corrupt.
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Reply 18 - Posted by:
gasmeterguy, 1/5/2013 8:25:58 PM (No. 9100814)
Not only the banks are being shook down by this administration. Anyone remember Gibson Guitar? That was a shake-down operation, too.
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Reply 19 - Posted by:
woofwoofwoof, 1/5/2013 8:48:31 PM (No. 9100841)
"Predatory lending" is about as common as the chupacabra, but $10b is chump change on the scale these banks operate, Bernanke will just print some more moolah and hand it back to them. It´s all funny money.
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Reply 20 - Posted by:
nonsense, 1/5/2013 9:03:18 PM (No. 9100849)
The man who lives in Our House operates in secret. You don´t say?
Wasn´t ValJar just meeting with big banks in secret? Perhaps she should get the credit for this move.
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Reply 21 - Posted by:
ColonialAmerican1623, 1/5/2013 9:23:03 PM (No. 9100860)
So much for transparency.
Some people lost their homes because they were downright stupid, others because of income loss. It´s the people doing everything possible to hang onto their homes because of the investment that these banks treat poorly.
The amount of money dumped into Citi should be questioned, starting with the massive amount the prince gave them.
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Reply 22 - Posted by:
photoman628, 1/5/2013 11:27:45 PM (No. 9100964)
#9- 50 trillion. JPM is only worth 2 trillion (only) Can you sight a source for those figures please?
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Reply 23 - Posted by:
Trigger2, 1/6/2013 5:40:49 AM (No. 9101073)
These banks are huge donators to the DNC. They´re all donating early to the cause. Get the picture?
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Reply 24 - Posted by:
lil dotty, 1/6/2013 6:25:22 AM (No. 9101108)
King of the Hood strikes again.
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WASHINGTON — At times on Thursday, it seemed President Obama was taking part in a debate rather than giving a speech. Deep into an address at the National Defense University, where Mr. Obama sought to redefine America’s approach to fighting terrorism, a heckler repeatedly interrupted from the back of the room, demanding an end to drone strikes and the closing of the Guantánamo Bay detention center in Cuba. The heckler — though she objected strenuously to being described that way — was Medea Benjamin, a co-founder of Code Pink, a group opposed to United States military actions.
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Don´t Edit the First Amendment
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National Review, by Jonah Goldberg
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Posted By: JoniTx- 5/24/2013 5:42:38 AM
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“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” That’s the full text of the First Amendment. But (with apologies to the old Far Side comic), this is what many in the press, academia, and government would hear if you read it aloud: “Congress shall make no law respecting an establishment of religion, blah blah blah, or abridging the freedom of the press,
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A religious group spewing what the owners of One Liberty Place call hate speech against women, whites and gays can no longer demonstrate immediately outside the building´s entrance at 16th and Chestnut Streets, a judge ruled today. The owners of One Liberty Place in Center City Philadelphia filed a lawsuit Wednesday against the Israelite School of Universal Practical Knowledge. The group is frequently seen perched on Center City street corners shouting at passersby through bullhorns. Liberty Place Retail Associates, which owns the building, has asked the state court to bar the group from gathering in front of the entrance
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Original Article
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Posted By: JoniTx- 5/23/2013 6:11:15 PM
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WASHINGTON — Schoolchildren from New Jersey shore communities battered by Superstorm Sandy will join Michelle Obama for a garden harvest next week. The White House says the first lady will also be joined Tuesday by students who helped plant the crops last month. The New Jersey students are from Union Beach Memorial School in Union Beach and Long Beach Island Grade School in Ship Bottom. Both schools were damaged in last October’s storm. Both also teach their students about healthy eating, which is one of the first lady’s causes. The students who helped plant lettuce, broccoli and various other crops
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Posted By: JoniTx- 5/23/2013 6:07:25 PM
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When you get right down to it, the political targeting and stalling of tax-exempt applications by the IRS was an effort to defund the Tea Party. Rick Santelli, one of the Tea Party founders and my CNBC colleague, was the first to make this point. I’ve taken it a step further: The IRS was taking the Tea Party out of play for the 2012 election, as it looked to avoid a repeat of 2010 and another Tea Party landslide.There are a lot of numbers out there.
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Posted By: earlybird- 5/22/2013 7:21:44 AM
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One of two men allegedly being questioned in connection with the Boston Marathon bombings was shot and killed by an FBI agent in Florida on Tuesday, (Snip)A friend of Ibragim Todashev said he and Todashev were being investigated as part of the Boston bombings. He said Todashev, 27, knew bombing suspect Tamerlan Tsarnaev because both were MMA fighters. The man claims he and Todashev were interviewed by the FBI for nearly three hours on Tuesday. The friend said he left the interview, and when he came back to the apartment he found that there had been a shooting.
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Eva Longoria is backing up her beauty with a whole lot of brain. The actress graduated with a master´s degree Wednesday. Longoria, 38, took home a real degree (not an honorary one) in Chicano studies from Cal State Northridge, where she physically attended classes for three years, according to TMZ. "Big day today!!! Very excited to graduate for my master´s degree in Chicano studies! You´re never too old or too busy to continue your education!" the actress wrote on her Who Say site Wednesday, sharing loads of pics of her big day, posing with her family, cohorts and diploma.
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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On “Fox News Sunday” last weekend, White House aide Dan Pfeiffer was asked about President Barack Obama’s whereabouts the night of the Sept. 11 attack in Benghazi. This was the night when we lost our first ambassador in 30 years, and when three other Americans were killed in an attack that lasted all night long at multiple locations within the eastern Libyan city. Since the president is commander in chief, one would think where he was and what he did during such an event would be of obvious public concern.
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Posted By: JoniTx- 5/22/2013 3:34:05 PM
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House Oversight and Government Reform Committee Chairman Darrell Issa said embattled IRS official Lois Lerner waived her Fifth Amendment rights and will be hauled back to appear before his panel again. The California Republican said Lerner’s Fifth Amendment right to avoid self-incrimination was voided when she gave an opening statement this morning denying any wrongdoing and professing pride in her government service. “When I asked her her questions from the very beginning, I did so so she could assert her rights prior to any statement,” Issa told POLITICO. “She chose not to do so — so she waived.”
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