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Report: Obama cutting secret deal with banks because foreclosure probe is going badly | WashingtonExaminer.com

Via washingtonexaminer.com » Submitted On Sat, 01/05/2013 - 5:30pm by 六十四 Cerca

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 that the comptroller’s office and the Federal Reserve required the banks undertake as part of a consent order in April 2011,” The New York Times reports.

Comments

I have a sinking feeling that major banks will start to fail in this early spring and smaller ones will soon follow suit. It's the 'crash' all over again, I shudder to think how many are not prepared for this, If you think gold or silver will help, Let me ask you this,,..

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1 year 11 months ago

buy lead not gold

1 year 11 months ago

LOL.... I love it... thanks for the humor. It makes a tragic situation seem not so tragic.

1 year 11 months ago

Obama is the master shell game operator. He gets you looking at all of the shells without the pea while he puts the one with the pea where he wants to. He has mustered gays by giving them what they want.

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1 year 11 months ago

This is indeed a dark hour in America.

1 year 11 months ago

They are "dividing" us, with the (soul) intent of bringing us all together under their protection and love. cough, gag. ( satanic. )

1 year 11 months ago

****heave***barf***(hellish) Yes, protecting us ( to death; literally). under the banner of love for all Americans ( NOOOOOOOOOOOT).

1 year 11 months ago
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Obama’s Secretary of State Candidate Has Significant Financial Stake in Tar Sands Companies Business / Environmental Policy November 28, 2012

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1 year 11 months ago

Thank you Washington.

1 year 11 months ago

You are welcome, I go where most conservatives will not. I do not know why, but I do my mining for information and research for insight! Thank you!

1 year 11 months ago
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I just seen a commercial on the sportsman channel for The Bank of Labor. Guaranteed to give loans to only Union Members. I am as serious as a heart attack here., God's Honest Truth, this morning. I was absolutely shocked.

1 year 11 months ago

That's because it was started and funded with organized labor's money (union members). Go to your local credit union and try to get a loan as a non member of that credit union.

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1 year 11 months ago
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As tax payers can we not get rid of the Federal Reserve. I know our politicians and there political buddies don't want to get rid of it but as a tax payer I can see where the bump in the road is and this is one pain in the American tax payers behind.

1 year 11 months ago

In October, the Federal Reserve was closed down and taken over by UST [United States Treasury] staff. As of January first 2013, the original 100 year charter for the Federal Reserve has expired and has NOT been reissued, regardless of how many times the Cabal has tried.

1 year 11 months ago
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Of course, since the Dems created this mess by opening up the lending guidelines through the Community Reinvestment Act, they sure as hell can't say the banks just did what the feds said they could.

1 year 11 months ago
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The Commission on Presidential Debates is a private corporation headed by the former chairmen of the Republican and Democratic parties.

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1 year 11 months ago
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LAST month, HSBC admitted in court pleadings that it had allowed big Mexican and Colombian drug cartels to launder at least $881 million.

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1 year 11 months ago
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First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Saturday, September 1, 2012

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1 year 11 months ago
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Isn´t that called extortion?

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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1 year 11 months ago
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