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Related: About this forumElizabeth Warren embarrasses some bank regulators to their faces...again.
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(108,903 posts)rhett o rick
(55,981 posts)JDPriestly
(57,936 posts)to be willing to pay penalties rather than face a trial, but rather than go to trial, the Justice Department or the regulator is agreeing to keep the evidence amassed against the banks confidential?
I can see doing that in a case in which the evidence and a trial or a hearing could go either way. But it doesn't sound like that is the case here. This is not right. Our Justice Department or regulatory agency is acting like a private party to a civil law suit not like a government prosecutor.
Imagine you have a thief who stole large amounts of your money and the prosecutor makes a deal that the thief can return a small portion of your money to you and then get off scot free. You probably would not like that, would you? It might be appropriate for an independent judge to mitigate a sentence, but for the prosecuting agency or the Attorney General to just make a deal like this is insulting and unfair to the people who were illegally foreclosed.
Volaris
(10,274 posts)I'm surprised they did anythng at all. "
Bank Fraud? Are you kidding? Califirnoa and Washington and Colorado say people can smoke WEED now!!!!!!! We don't have time for no "Bank Fraud"...."
dotymed
(5,610 posts)even when they "lose."
Response to Galraedia (Original post)
allan01 This message was self-deleted by its author.
allan01
(1,950 posts)love it .
midnight
(26,624 posts)about reviews dealing with inflated fees, fraudulent foreclosures,abusive practices.
Banks violated the law? I thought we were told they didn't?
Anyone know who the bald man who is up their with Mr. Ashton?
Heather MC
(8,084 posts)I am glad she is asking the questions. Now how long before the Homeowners get the information she spoke about. Verbal is one thing, Action is better. People need help now.
Please don't read this as an attack Against Senator Warren. She is my She-ro for bringing the problem to light.
valerief
(53,235 posts)bahrbearian
(13,466 posts)Smarmie Doofus
(14,498 posts)Plucketeer
(12,882 posts)Imagine - if you can - most other congressional / senate hearings being SO forthright and unchoreographed. Hearings where the grilled aren't danced around because of the cloaked presence of ulterior influences. Oh to dream!