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Abigail Caplovitz Field: The Mortgage Settlement Allows Banks to Steal Without Penalty

The consent agreements the bailed-out bankers (B.O.B.s), the feds and the states are largely as had been promised. One big surprise, however, is that the B.O.B.s would now be allowed to systematically overcharge borrowers and steal their homes. Seriously.
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Sound and Fury in Bank Settlements, Still Signifying Nothing

Business & Finance : DealBook (2 days ago)

Billions of dollars in penalties are piling up in banks' mortgage settlements, but no one is being held accountable and the public is being deprived of details of the wrongdoing, William D. Cohan writes in the Street Scene column. Read Post


Business & Finance : Business Insider: Clusterstock (yesterday)

Bank of America has agreed to pay the U.S. government $16.65 billion to end a mortgage probe over subprime mortgages sold before the financial crisis. This is a record penalty paid by a U.S. bank. Shares of Bank of America are tradi... Read Post

Abigail Caplovitz Field: There's No Bank 'Settlement' -- That Was All Election PR

Business & Finance : Huffington Post: Business Blog (3 years ago)

What are "Agreements in Principle"? Everyone in the know knows there's no deal yet, just promises from the ever-so-trustworthy bankers and the Feds that cater to them. Read Post

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