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A $10B settlement between 14 large banks and regulators over abusive foreclosure practices could...

A $10B settlement between 14 large banks and regulators over abusive foreclosure practices could reportedly be announced today after the Fed gave its approval. The central bank had held up the deal over the weekend over an extra $300M that it wanted firms to pay, but backed down when they balked.
Comments (4)
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    Too big to fail in the Era of Class Warfare? Not on your life. Big banks are easy targets for populist extortionists plus a great place to hang out at a million or so a year as a "consultant" once the government gig is played out.

     

    Prepare for the next big "crisis that is too good to waste."

     

    Updates, please, in the future on where Geithner ends up.
    7 Jan 2013, 07:46 AM Reply Like
  • Buckoux
    , contributor
    Comments (6991) | Send Message
     
    @Petronski,

     

    "Updates, please, in the future on where Geithner ends up."

     

    On his feet with bags of money in his hands.
    7 Jan 2013, 04:32 PM Reply Like
  • pigeonguy
    , contributor
    Comments (142) | Send Message
     
    How do you have abusive foreclosure practices? You don't pay your mortgage then you have to move out and the bank takes over via the court order. Only in America does the lender get screwed over by the parties not paying their bills.
    7 Jan 2013, 12:48 PM Reply Like
  • masonkelsey
    , contributor
    Comments (17) | Send Message
     
    Tony, whining is never becoming to someone who claims to be wise. Social responsibility is not class warfare.
    7 Jan 2013, 01:19 PM Reply Like
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