Skip to comments.Exclusive: U.S. plans new bank fraud cases in early 2014 - attorney general
Posted on 12/04/2013 4:55:00 PM PST by Oldeconomybuyer
The U.S. Justice Department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase & Co's $13 billion settlement, U.S. Attorney General Eric Holder said on Wednesday.
In an interview with Reuters, Holder would not say which companies or how many could face lawsuits but said the Justice Department was in contact with them and it was hard to say whether the talks would lead to settlements.
"We have a number of investigations that are coming to a head at the same time," he said. "It is my hope that the next round of these cases will be filed soon after the new year."
(Excerpt) Read more at reuters.com ...
Seems to me the banks would finally welcome this turn of events. Double Jeopardy or multiple punishments of the same offense... I’m sure there were some, but not all as the Left portrays.
The banking industry is filled with spend thrift leftists who have no clue how to save and invest, and come to the taxpayer to save them from themselves when they blow all our money. Its been this way for a generation now.
I am tired of bailing them out or giving them excuses. Throw their asses in jail
That is awesome! Nothing makes banks want to lend more than screwing them for the old lending they did.
Those mean banks already paid back their bailout loans, at a huge profit to the Treasury.
Obama/Holder Retirement Fund
Holder needs to go to jail for contempt of Congress.
"Settlements"...I guess Holder expects the extortion to work. Bank lawyers really don't care one way or another, as long as they get either their billable hours or their 35%.
Holder’s not in an orange jump suit yet??
Hey, BALLESS BOEHNER, WHEN YOU GONNA GROW A PAIR???
Oh, Heavens to Betsy, I’ll bet he’s crying right now cause I hurt his faggot feelings!
They are doing the exact same thing on an even bigger scale that led to 2008. The federal reserve is helping them. Just wait till this bubble pops once the fed “tapers”
The banks and Wall Street are not friends of conservatives. They are filled with Soros leftists and crony capitalists who have no problem gambling your money and then begging the govt for a bailout when they fail. The govt of course complies, the fed prints more money and away we go again
Right now if you have a credit score of 650 or above “fair” you are getting bombarded with credit offers and cheap mortgages because the banks can’t help themselves
There is nothing “conservative” about this whatsoever.
Really? Subprime mortages are bigger now than in 2008?
Adjustables? Interest only?
Any numbers to back up this claim? Or is it only a feeling?