GO GET THEM BANKS

http://www.bloomberg.com/news/2011-04-13/banks-to-pay-victims-of-botched-foreclosures-in-settlement-with-regulators.html

http://www.nytimes.com/2011/04/14/business/14prosecute.html?_r=1&pagewanted=all

" ....Officials from the Justice department, the Department of Housing and Urban Development and 10 state attorneys general met with banks today, the second such meeting to negotiate a global settlement, Associate U.S. Attorney General Tom Perrelli said. The group is discussing potential fines and whether servicers should be required to reduce the principal on some home loans..."

What about people who had their home stolen due to malfeasance or worse by these servicers ??? How about some criminal indictments ??? Shocking but No Justice Department involvement in these cases "Fines" a slap on the wrist !!!

" Iowa Attorney General Thomas J. Miller, who is leading the talks on behalf of the states, said today’s agreements won’t limit his pursuit of penalties. In March, the attorneys general called for changes to foreclosure practices and mandatory loan modifications, including mortgage principal write downs. "

Let see some real action & penalties like jail time for these felons.

“There will be civil money penalties. The issue is time and amount,” acting Comptroller of the Currency John Walsh told reporters in a conference call.

The Federal Reserve issued a statement saying it plans to announce fines, calling them “appropriate.”

Absolutely. We can't lock people up or break up companies, revoke bank charters even though the OCC has the right to do so, and The Feds can revoke membership too.

If the penalty for robbing the local " Stop-n-Rob "
(convenience store) was a monetary penalty that was limited to the amount of the loot you stole, the store would be robbed every fifteen minutes !

" The agreements drew immediate fire from critics who said they could undermine the broader negotiations. Representative Maxine Waters, a California Democrat and member of the Financial Services Committee, called the orders “disappointing. ”

Oh Maxine !  Who writes appropriations bills ?



Why hasn't Congress risen and told Justice that unless there are criminal prosecutions that the DOJ will be zeroed in appropriations process, shutting it down?


I know, I know - it's better to whine. That way you can claim to be "outraged" rather than actually getting off your ass and doing something about the problem!

Why wasnt that admission also an admission of guilt for fraud on the court ??

Legal chicanery and corrupt judges are the banksters' stoutest allies.