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NY AG Schneiderman may have to drop the state's case against Bank of America (BAC) over...

NY AG Schneiderman may have to drop the state's case against Bank of America (BAC) over misleading investors during the Merrill Lynch acquisition after a judge last month approved a $2.43B class-action settlement for shareholders. "Once shareholders have made their peace, they can't take a 2nd bite of the apple through the AG," says a securities lawyer.
Comments (4)
  • MexCom
    , contributor
    Comments (3051) | Send Message
     
    He should be fired for being so ignorant of the law and court procedure along with the case history. He is wasting taxpayer money on nuisance court cases for deadbeat mortgage payers who thought they can wheeze out of paying while still in their homes.
    10 May 2013, 12:29 PM Reply Like
  • Scoreboard
    , contributor
    Comments (150) | Send Message
     
    MexCom... come on now! How can you blame the storekeeper of a 7-11 ... who purchased a $500,000 house and then found out he couldn't actually AFFORD that house... how can you blame him for not being able to pay his mortgage?!?! Sure this unfortunate homeowner signed the paperwork, and he could have gotten outside help (attorney, real estate agent, etc.) so that he was clear on what he was signing. But WHY should he/she have to do THAT? It seems to me that BAC has a DUTY to offer, at the minimal, a class in "Responsible Spending 101." It just doesn't seem fair that an individual must be responsible for his fiscal decisions. We can thank God that we have the government to watch over each and every one of us to make sure that the evil business forces don't make us abide by agreements that we...ummm... oh yeah, AGREED TO.
    10 May 2013, 10:03 PM Reply Like
  • zekman3
    , contributor
    Comments (10) | Send Message
     
    I'd like to see BAC start aggressively fighting back against this kind of crap. These liberal politicians who grandstand to get public support so as to get elected and stay in power are disgusting. Look, if you haven't paid your mortgage in a while, maybe you should think about getting off the dole, take an honest job, ANY JOB, and maybe, just maybe, find some self-respect along the way. Oh yeah, I forgot, they got in the mess their in through "no fault of their own". No,actually, 99% of the time, it was their own bad decisions, laziness, or overspending because of entitlement issues. Get Real.
    11 May 2013, 12:02 AM Reply Like
  • Scoreboard
    , contributor
    Comments (150) | Send Message
     
    MecCom... come on now! How can you blame the storekeeper of a 7-11 ... who purchased a $500,000 house and then found out he couldn't actually AFFORD that house... how can you blame him for not being able to pay his mortgage?!?! Sure this unfortunate homeowner signed the paperwork, and he could have gotten outside help (attorney, real estate agent, etc.) so that he was clear on what he was signing. But WHY should he/she have to do THAT? It seems to me that BAC has a DUTY to offer, at the minimal, a class in "Responsible Spending 101." It just doesn't seem fair that an individual must be responsible for his fiscal decisions. We can thank God that we have the government to watch over each and every one of us to make sure that the evil business forces don't make us abide by agreements that we...ummm... oh yeah, AGREED TO.
    11 May 2013, 01:45 AM Reply Like
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