Foreclosure settlement a failure of law, a triumph for bank attorneys

After many months of wrangling, a foreclosure settlement has been reached between 49 state attorneys general and a consortium of banks.

It is an epic failure of law and a triumph for bank attorneys. Full Story »

Posted by Jack Powers
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Subjects: U.S., Business, Living, Community
Topics: Law, Finance, Housing
Member Tags: mortgages, fraud
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# Tweets: 44 (as of 2012-02-27)
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Posted by: Posted by Jack Powers - Feb 27, 2012 - 5:54 PM PST
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Mar 4, 2012 - 2:01 PM PST

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Jack Dinkmeyer
4.1
by Jack Dinkmeyer - Feb. 29, 2012

A compelling argument to downsize those banks “too big to fail”. Our financial industry is fast becoming bigger than our government, and therefore, America’s real dictator. Why the Hell are banks so anxious to take over properties–even illegally?

The bigger issue is the economics of criminality. Most people who get caught committing crimes are punished. Commit a felony — if you run a bank — and your shareholders ... More »

See Full Review » (19 answers)
Nekoro Gomes
4.6
by Nekoro Gomes - Mar. 5, 2012

I would have liked to have known a little bit more about how the infrastructure for robosigned documents came into place by all of these banks, but other than that I thought it was an illuminating op-ed on a disgusting practice.

See Full Review » (4 answers)
Jack Powers
4.0
by Jack Powers - Feb. 27, 2012

"we learned that nearly every aspect of the robosigned documents was false. None of the details were ever reviewed. The signatures attesting to the review of the ... More »

See Full Review » (4 answers)
Peter Shaw
4.0
by Peter Shaw - Feb. 28, 2012

great story help us knowing some facts about settlement in failure of foreclosure.

See Full Review » (4 answers)

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