Seeking Alpha

Judge reportedly delays BofA $8.5B settlement

  • Justice Saliann Scarpulla - who has taken over the case from Barbara Kapnick (she was promoted) - has agreed to delay the decision from taking effect until at least February 19, reports Reuters, citing lawyers involved in the case.
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Comments (17)
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    Are you kidding me? These judges are useless! This system needs to come down!
    5 Feb, 07:57 AM Reply Like
  • Don L.
    , contributor
    Comments (14) | Send Message
     
    The $8.5 billion is NOTHING but another "Cost of Doing Business" on BAC's Income Statement . And, it is for THIS reason the "system needs to come down" ! Until our "ELITE" judges(?) start putting "ELITE CROOKS" in prison nothing will change . Let me suggest that YOU commit a robbery that nets $10,000. 00 . Then, propose to our "justice system" that you return $2,000.00 in "restitution" but keep $8,000.00 and GO FREE . Laughable ??? YES !!! But, that's our "justice system" administered by our "ELITE" judges(?) for the "ELITE CROOKS" . Cordially, D. J. L.
    5 Feb, 01:24 PM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    Your angry at the wrong people, I dont agree at all, the US Government caused the 2008 crisis, and if it wasn't for jobs being shipped out of the country, we wouldn't be talking about any of this. I will keep repeating this until people start to look at the real causes of the 2008 crisis. I believe it could even be proven mathematically, and Im sure our government is aware. The Idea that we bail companies out and then let them sue each other over the issues that created the need for a bail-out in the first place is completely insane. The bailout is the compensation for these wrongs, ultimately it was the US Government with free trade agreements that caused all of this. There should have never been a hearing!
    5 Feb, 02:05 PM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    Not to mention this particular case I believe is holding up a decent portion of the economic recovery, and because of it its been almost two extra years of unnecessary pain for everyone. AIG was not in a good position at the time of the crisis and should be a little more grateful and appreciative to America for the bail-out.
    5 Feb, 02:34 PM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    I wasnt kidding when I said "Are you really sure your not done?"
    5 Feb, 07:58 AM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    Its so unjust to continuously keep moving the goal posts. I hate this justice system, its completely unjust!
    5 Feb, 08:00 AM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    Our government was 100% responsible for this "Financial" crisis of ours and these losers keep prolonging it for all of us!
    5 Feb, 08:01 AM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    I have lost 100% respect for this crazy train we call our government, I will do anything I can not to put money in these peoples hands!
    5 Feb, 08:18 AM Reply Like
  • DoowopDave
    , contributor
    Comments (222) | Send Message
     
    I wondered why the stock didn't jump a dollar or more from the decision. Now we know why. Insiders knew it wasn't over. The fat lady can't sing. Agent Smith (aka uncle Sam) has sown up her mouth.
    5 Feb, 08:42 AM Reply Like
  • RALPHSCHAUSS
    , contributor
    Comments (58) | Send Message
     
    A total disgrace !
    Obviously , AIG has the better political and jurisdictional connections , right ??? One judge is passing the buck to the next one, nothing gets done, and the US has the most expensive litigation production in the entire world ! At what cost to the productive economy, not the one of Wash DC bureaucray, the same in the states, judges, DAs, DoJ and so on....it never stops grinding on, as the common taxpayer has to pay for all this luxury
    Frankfurt, Germany
    5 Feb, 09:53 AM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    Note: AIG is bail-out company, like I said "Crazy Train". I took my money out of them when I realized the big boys would rather chew off their hand before they gave AIG money, never seen anything like it, and I now realize why!
    5 Feb, 10:43 AM Reply Like
  • billmichael
    , contributor
    Comments (115) | Send Message
     
    I can understand waiting to tie up a few loose ends but if this new judge were to go back on the settlement and the appeal decision then there is no justice in America. None.
    5 Feb, 05:26 PM Reply Like
  • gap123
    , contributor
    Comments (187) | Send Message
     
    Typical of America, the only ones to win are the lawyers! This is just another shakedown of many to come from our govt. easy money has been made in bac.
    5 Feb, 07:20 PM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    We have a case that would only help improve our economy, in other words just resolving it would have a moderately positive impact on the overall economy, we get a judge that has one foot out the door and in turn makes shoty rulings and then we get a new judge that obviously doesn't seem to know much about anything! 6 years later and counting??? On something this important Our government sucks, they simply don't do their job and go completely unchecked. It's unreal, I have been trying to figure out exactly what I get for my tax dollars and the answer is absolutely nothing.
    5 Feb, 07:50 PM Reply Like
  • TBV
    , contributor
    Comments (115) | Send Message
     
    Relax..this is not an appeal..more like another hearing before hammering it down.
    Kapnick's decision will stand no matter what. The new judge is just making sure before it gets a wrong media attention.
    6 Feb, 10:16 AM Reply Like
  • cliff1960
    , contributor
    Comments (12) | Send Message
     
    I agree, judge approved deal in entirety. This modified mtg issue is just a written scolding from the judge to bac. The deal will hold.

     

    Bac will gain 30% this year, look for 23+ by yr end.
    16 Feb, 01:39 PM Reply Like
  • Wow72
    , contributor
    Comments (471) | Send Message
     
    This is normal to people endure insanity daily!
    6 Feb, 10:27 AM Reply Like
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