NY Attorney General Facing Intense Pressure From Obama Administration On Bank Foreclosure Fraud

The Daily Bail ^ | 8/22/11 | staff

[Nachum]

As DB readers know, NY Attorney General Eric Schneiderman, along with AGs Beau Biden of Delaware and Catherine Cortez of Nevada, have been opposed to the nationwide foreclosure fraud settlement being led by Iowa AG Tom Miller (read: Once Upon A Time In Foreclosure Fraud), who as Matt Taibbi pointed out has not-so-conincidentally increased his campaign contributions from the finance sector this year by a factor of 88!

Today, NY Times reporter Gretchen Morgenson reports Schneiderman has been getting heavy pressure from the Obama administration (read: Geithner's Foreclosure Fraud Whitewash) to drop his opposition to the deal, which many experts believe is a gift to the banks both in financial terms as well as a no-more-liability, corrupt-to-the-core boondoggle.

Morgenson's piece appears below for non-NYT subscribers, but should otherwise be read at it's source. Here is the most gluttonous paragraph, coming from NY Fed Board member Kathryn Wylde:

[Nachum]

Full title: NY Attorney General Facing Intense Pressure From Obama Administration On Bank Foreclosure Fraud Deal: "Wall Street Is Our Main Street And We Have To Make Sure We Are Doing Everything We Can To SUPPORT Them"

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[Matchett-PI]

bookmark

[Kartographer]

There are plenty of people right here on FR who agree with ‘Bammy’ on this and will swear that only the ‘dead beats’ are to blame for the mess and only the ‘dead beats’ need to suffer. To them no matter what they’ve done, what they do the ‘TBTF’ can do no wrong.

It’s almost funny the rage some get into because they are worry somebody they consider a ‘dead beat’ might get a $200,000 house, but are more that willing to let skate on $200,000,000,000 in fraud. Just goes to show if you plan to steal, steal big, really BIG.