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New York will get $800M from
Bank of America deal

Poughkeepsie Journal [NY], by Joseph Spector

Original Article

Posted By:mitzi, 8/22/2014 8:52:40 PM

ALBANY – New York will get $800 million as part of a national $16 billion settlement with Bank of America over mortgage schemes, the latest windfall for the state´s coffers. Attorney General Eric Schneiderman announced Thursday that New York´s $800 million cut will include $300 million in cash and $500 million for consumer relief. The settlement with Bank of America is the largest in U.S. history with a single institution and latest to boost New York´s fiscal picture. On Tuesday, Standard Chartered Bank agreed to pay New York $300 million to settle a money-laundering investigation by the state Department of
(Source corrected by staff)

Comments:
Cuomo and Schneiderman following in Spitzer´s footsteps.

      


Post Reply  

Reply 1 - Posted by: ColonialAmerican1623, 8/22/2014 8:56:18 PM     (No. 9977143)

Don´t you wish you were one of the attorneys ?

If you are a Citi customer, keep waiting.

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Reply 2 - Posted by: eoddad, 8/22/2014 9:10:13 PM     (No. 9977161)

and how much of that $800 million will end up in democrat coffers? Pure extortion.

Democrats are a Mafia crime family.

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Reply 3 - Posted by: Scribelus, 8/22/2014 9:22:09 PM     (No. 9977170)

Plunder gathered by the Syndicate.

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Reply 4 - Posted by: planetgeo, 8/22/2014 11:29:34 PM     (No. 9977263)

Serious, blatant extortion.

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Reply 5 - Posted by: Trigger2, 8/23/2014 4:17:32 AM     (No. 9977371)

This is just another routine demonrat shake down of the banking industry. Is that $300M going into Cuomo´s current $5B stash? What´s Cuomo going to do with that stash? I doubt NY taxpayers will get any of it.

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