Obama Administration Fights to Halt Bank Investigations by States

[The Straight Story]

Obama Administration Fights to Halt Bank Investigations by States

In an attempt to please Wall Street, the Obama administration is pressuring state attorneys general to accept a deal being brokered with big banks over their illegal and unethical foreclosure practices.

One AG in particular, New York’s Eric Schneiderman, who assumed office this year, has been urged to come aboard on the agreement still in development which would require banks to pay billions of dollars to help homeowners modify their loans or recover from having lost their properties as a result of aggressive foreclosure actions.

Schneiderman and other attorneys general are balking at the proposed settlement, because, they say, it would handcuff them from going after banks in the future over mortgage-related cases.

The Obama administration, led by Secretary of Housing and Urban Development Shaun Donovan and high-level Justice Department officials, also is pressuring those supporting Schneiderman in the fight against banks, namely consumer groups and advocates for borrowers.

http://www.allgov.com/Top_Stories/ViewNews/Obama_Administration_Fights_to_Halt_Bank_Investigations_by_States_110825

[markpkessinger]

1. This administration continues to shield criminals. Appalling. n/t

[DontTreadOnMe]

2. "In an attempt to please Wall Street"

oh man... that says it all.

He doesn't deserve a 2nd term.

[markpkessinger]

5. They're too busy prosecuting whistleblowers n/t

[Bluebear]

19. And medical marijuana clinics

And baseball players who may have used steroids

[markpkessinger]

23. +1 n/t

[LaurenG]

3. Gah!

I don't think I can take much more of this.

[RKP5637]

4. I would like to see/hear some primary contenders. n/t

[Bluebear]

30. Yes.

[Bluenorthwest]

6. Corrupt as anything

Obama is without morals.

[Bluebear]

37. .

[bemildred]

7. At last, something worth fighting for.

:sarcasm:

[truedelphi]

8. I understand you perfectly Mr Obama -

For awhile I didn't quite get why you appointed the people that you did to work for you.

I remember my shock the winter of 2008-2009 on discovering that you approved of Paulson, liked Bernanke and wanted Tim Geithner to be down the hall from the Oval Office, where he could help you "understand" the workings of the US Treasury.

But now it is very clear: they don't work for you - you work for them.

[Bluebear]

16. +

[Harmony Blue]

9. The mixed message the WH is sending is stirring a lot of anger in the base

The WH has argued they don't want to intervene with labor state fights being waged throughout the nation because they don't want to infringe on states rights. And yet, they are about to interfere with state investigations? There is a lot of bad advisers in the WH at the moment and they are giving bad advice IMVHO.

[markpkessinger]

14. This Admin. has elevated "speaking out of both sides of its mouth" to a high art n/t

[DirkGently]

10. Thing is, we CAN'T let it slide. What they want won't work. There's no slack left to give them.

[roguevalley]

11. he is worse than bush because he wasn't supposed to be bush.

he was supposed to be a dem. what a prick. but what can you expect from the illinois machine?

[Bluebear]

12. CORRUPT

[amborin]

13. Corrupt

[Luminous Animal]

15. Schneiderman needs your support on twitter or facebook or a phone call...

http://www.nydailynews.com/blogs/dailypolitics/2011/08/nyag-eric-schneiderman-pushes-back-after-being-kicked-off-mortgage-abuse-inves

via: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=1808188&mesg_id=1808188

"You might have been following the latest developments related to the national settlement of the mortgage probe, including this story in today's Huffington Post about our tough fight for a comprehensive resolution to this crisis.

"Let me tell you directly: I am deeply committed to pursuing a full investigation into the misconduct that led to the collapse of America's housing market, and to seeking a resolution that gives homeowners meaningful relief, allows the housing market to begin to recover, and gets our economy moving again.

"Our ongoing investigation into the housing crisis cannot be shut down to accommodate efforts to settle quickly and give banks and others broad immunity from further legal action. If you have any thoughts or concerns about this critical issue, please contact me at 1-800-771-7755, or send a message via Facebook or Twitter."

Here is a link to his facebook page.

https://www.facebook.com/AGSchneiderman?sk=wall

[Bluebear]

28. + + +

[Bluebear]

54. Kick

[dbt]

17. CORRUPT.

Damn. It's supposed to be the Republics.

Oh. Wait.

Never mind...

[markpkessinger]

18. K&R n/t

[lovuian]

20. why is he protecting these criminals

this really reflects badly on him

[Raine]

21. Everytime I think that Obama can't disppoint or disgust me more

than he already has ... he manages to make me even more disappointed, disgusted and hopeless. :-(

[Marr]

22. Funny-- I remember a lot of assurances that Obama doesn't meddle in AGs' affairs.

Remember the whole "why isn't anyone investigating the Bush Administration" thing? Or the "why aren't charges being brought against Wall Street con-men" thing?

[Bluebear]

26. He likes states rights when it comes to gay marriage though. Funny thing.

[udbcrzy2]

24. This is bullshit! He's a Trojan horse. Hope & Change sucks n/t

[Lint Head]

25. What's new. GWB and Cheney got away with murder.

[Bluebear]

27. We didn't expect this from our own.

[Yurovsky]

31. Got to pay for next year's campaign...

just another example of why we need federally-funded elections. Keep it even & cheap, and only allow legitimate news/broadcasting services to participate (sorry Faux News, you'll have to sit this out...)

[Bluebear]

32. Agree with every word

[The Northerner]

29. K&R n/t

[FlyByNight]

33. Thanks to AG Schneiderman

"In an attempt to please Wall Street..." seems to be a recurring theme with the Obama admin. The financial rot is much deeper than the $20 billion or so payout being spoken of. The banks know, relatively speaking, that $20 billion is a bargain. AG Schneiderman probably doesn't have to dig far at all, given the pressure he's being put under.

It's curious that the HUD secretary (among others) is leaning on AG Schneiderman. The HUD secretary doesn't move without some tacit White House approval. Frankly, if this "deal"/collaboration is so goddamn wonderful, why would the administration need to lean on anyone? This should be self-evident, right?

Appalling. Again...

[Bluebear]

50. +

[LetTimmySmoke]

34. The tea partiers and the birthers are wrong about so many things...

...but the one thing they are right about is Obama's character. Broken clock...twice a day.

[Bluebear]

44. !

[Bluebear]

35. Obama loves states rights for gay marriage and unions rhough

Investigating bank malfeasance, not so much

[durablend]

36. Surely you must be wrong...

You're either misunderstanding, or he never said, or...well..."something".

Obvious you're either racist or just plain never liked him to begin with

:sarcasm:

[Bluebear]

38. Kick

[Maven]

39. CORRUPT to the core

[Rex]

40. face meet palm.

[Tierra_y_Libertad]

41. "Obama caves" has achieved a certain *shrug* what else is new? level of inevitability.

:shrug:

[Bluebear]

43. Not even a cave, it's who he is

[JoePhilly]

42. Funny how the article provides no details on the "pressure" applied.

Nothing.

And the OP title is a lie.

But so what ... no one will read the article, or investigate what is alleged further.

[girl gone mad]

46. If you follow the links provided..

you can find the information which you are seeking.

[TheKentuckian]

48. If it is true you will either find a way to defend it or declare it a single issue

that while disappointing, is better than you imagine the worst a TeaPubliKlan might well do and to get "real" and get behind the President.

[Bluebear]

56. .

[Bluebear]

45. Kick

[socialist_n_TN]

47. How can anybody defend this?

In this particular case would a Republican be any worse? Disgusting.

[Bluebear]

49. Oh they will.

[hang a left]

51. kick nt

[Bluebear]

52. "in an attempt to please Wall Street"

[indurancevile]

53. you know, fuck this admin. just fuck them.

[woo me with science]

55. Well, that should erase any remaining doubts

about the true loyalties of this administration...just in case anybody still had any...

Corruption, Corporatism, and Empire, brought to you by both parties.
:puke:

[hifiguy]

57. The banksters are getting one hell of a return

on their investment in the Current Occupant. This administration seems hell-bent on giving me a new reason not to vote for POTUS every damned day. They are as crooked as the Bush Crime Family in far too many respects. :grr:

[Bluebear]

59. +

[woo me with science]

58. Is this the new definition of "progressive"? nt

[Chimichurri]

60. Someone, please defend this.

This is beyond infuriating.

[Bluebear]

61. +

[StarsInHerHair]

62. K&R sad & DISGUSTING

Works Progress Administration (WPA) and Civilian Conservations Corps (CCC), or the lesser-known Public Works Administration (PWA) we need these to be resurrected

[Bluebear]

63. Kick