White House To Hold Banks Accountable Over Foreclosure Violations

WASHINGTON (Dow Jones)--The White House is committed to holding banks accountable for any legal violations tied to housing foreclosures, White House Press Secretary Robert Gibbs said Tuesday.

Gibbs also reiterated that the administration "strongly" supports an investigation by 50 state attorneys general into allegations that bank employees signed foreclosure documents without carefully reviewing the contents.

<snip>

Banks have faced allegations that they indiscriminately signed foreclosure documents and attorneys general in every state are investigating the financial institutions.

Gibbs said the Federal Housing Administration and Financial Fraud Enforcement Task Force are also investigating the foreclosure process.

http://online.wsj.com/article/BT-CO-20101019-709994.html

crimes as aWoLs AG. What a farce.

This Administration's AG doesn't have time to prosecute any frigging body, he's too busy burning the last occupant's records, notes, journals, emails and anything else incriminating.

That's one huge pile. Eight years worth.

Got to look toward the future. Boss's orders.

It will clearly be business as usual.

50 states attorneys generals plus the feds....impressive.

The banks are acting like there's nothing wrong, and that makes me think the fix is in.

Accountability doesn't mean diddly for this milquetoast administration. Heaven forbid they upset someone.

tinkle some down on the serfs. Heh-heh."

Nor do you have any clue how serious this issue is.

The WH knows.

do nothing. :shrug:

Wake me up when real ACTION is being taken. :sarcasm:

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,"

Remember?
( 60 Minutes, Dec, 14, 2009)

...that Rich Bankers NEVER know a day of discomfort.


Now THIS is “Bi-Partisanship” !
Better get used to it!!
Hahahahahahahahaha!

Goddam bunch of crooks there. Any elementary school teacher would look at those faces and read the sentiment. GUILTY. GUILTY.

Which means never. I don't believe it.

The the price of houses will increase immediately. 50% of all home sales are foreclosures. Just think what the price of housing would be if 50% of the current supply disappeared.

Of course the Obama Administration would never do that because it might accidentally help a homeowner. This administration has clearly sided with the banksters against the homeowners. It is only a matter of time before a law is passed to give amnesty to all corporations and banks who are forging documents.

Words are cheap. Action is what matters.

liable for damages from said fraud is a whole different animal.

Obama: master of the weasel word.