Posted on 04/27/2013 10:44:07 AM PDT by JerseyHighlander
While Wronged Homeowners Got $300 Apiece in Foreclosure Settlement, Consultants Who Helped Protect Banks Got $2 Billion
The obscene greed-and-arrogance stories emanating from Wall Street are piling up so fast, it's getting hard to keep up. This one is from last week, but I missed it – it's about the foreclosure/robo-signing settlement that was concluded earlier this year.
The upshot of this story is that in advance of that notorious settlement, the government ordered banks to hire "independent" consultants to examine their loan files to see just exactly how corrupt they were.
Now it comes out that not only were these consultants not so independent, not only did they very likely skew the numbers seriously in favor of the banks, and not only were these few consultants paid over $2 billion (over 20 percent of the entire settlement amount) while the average homeowner only received $300 in the deal – in addition to all of that, it appears that federal regulators will not turn over the evidence of impropriety they discovered during these reviews to homeowners who may want to sue the banks.
In other words, the government not only ordered the banks to hire consultants who may have gamed the foreclosure settlement in favor of the banks, but the regulators themselves are hiding the information from the public in order to shield the banks from further lawsuits.
Read more: http://www.rollingstone.com/politics/blogs/taibblog/while-wronged-homeowners-got-300-apiece-in-foreclosure-settlement-consultants-who-helped-protect-banks-got-2-billion-20130426
(Excerpt) Read more at rollingstone.com ...
We need more bureaucrats watching the bureaucrats who watch the bureaucrats who are watching the bureaucrats watching the bureaucrats who are watching us work!
Never has the world had enough bureaucrats.
.. and here's the connection
Andrew Breitbart: Death of a Douche
Matt Taibbi: So Andrew Breitbart is dead. Here’s what I have to say to that, and I’m sure Breitbart himself would have respected this reaction: Good! F*** him. I couldn’t be happier that he’s dead.
Taibbi has done some good work (it seems to me) but what is it about the left and their hatred of people who simply disagree with them?
LOL, now true.
I would never click to the ultra-Marxist Rolling Stone.
I am certain that the idiot Taibbi's solution involves "more" regulation.
No doubt.
Since Rolling Stone has been working toward the destruction of the United States since its creation, and Matt Taibbi is an FSB trained disinfo agent, I would advise extreme caution in putting much stock in anything he writes for them (anything he writes, period, actually).
Agreed. He’s also a heroin addict. Check up on some of the stuff was was into when he lived in Moscow. The fact that Imus is one of his biggest fans doesn’t say much for him either.
Taibbi is more than your typical democrat-party hack. He’s a Moscow educated and trained FSB agent... a modern-day I.R. Stone.
When Taibbi is exposing a crime, it’s always to cover for the actual communist criminals.
>> Wronged Homeowners
aka “Homeowners Who Didn’t Pay As Agreed”. Cry me a river.
Taibbi is a left wing skidmark on the dirty underwear called the Rolling Stone.
Taibbi and his Moscow playmate Ames were both junkies to the core. I check out Matt on RT from time to time (to hear the angle) and it’s obvious he’s still a big-time user.
When veterans who worked hard all of their lives are laid off and foreclosed against, they’re called lazy parasites—criminals who don’t want to work.
When public school teachers, other bureaucrats and government-linked employees are foreclosed against after welcoming too much debt for maintaining their stylish appearances and party lifestyles, they’re called victims of criminal bankers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.