And Now... Joe Biden's Son Beau, Deleware AG, Joins BofA Lawsuit

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WASHINGTON -- Delaware Attorney General Beau Biden signaled his intent Friday to intervene in a proposed $8.5 billion settlement over troubled mortgage securities between Bank of America and a group of investors, uniting with his New York counterpart Eric Schneiderman, who argued a day earlier that the deal is unfair and its participants committed fraud.

Ian McConnell, director of Biden's consumer protection unit, told a New York state judge that the state of Delaware intends to file paperwork early next week asking to become a full party in the suit. If granted, that status would allow the state to comment on and question virtually every move "from start to finish" as Bank of America and the investors attempt to end their multi-billion dollar spat.

It would also give Delaware the right to investigate the claims the deal strives to settle, like whether the lender and the other bank involved in the case, Bank of New York Mellon, followed state law when creating these mortgage securities, and when they moved to foreclose on homeowners who defaulted on their obligations.

The two attorneys general represent states whose laws govern nearly all mortgage securitization trusts, vehicles that bundle home loans and issue notes to investors. Both offices have teamed up to investigate allegations that Wall Street firms failed to properly assemble loan documents in accordance with their states' laws when creating mortgage securities.

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Link: http://www.huffingtonpost.com/2011/08/05/beau-biden-delaware-bank-of-america_n_919865.html

:woohoo:

:woohoo:

Wonder when she'll Join in :think:

Link: http://articles.latimes.com/2011/jul/14/business/la-fi-mortgage-probe-20110715

:hi:

:loveya:

of progressive agenda and going after the people that have gotten away with everything could be addressed. JFK was able to keep the corporations from ruining him because his brother was the AG. Keeping the justice dept and Presidency/ Vice Presidency all within the "family" would help to shore up that flank and rid the dept of evil Puke holdovers that are sitting within the compound working agains the admin and keeping an eye out for the BFEE.

:bounce:

:hi:

pulled up to the Federal level and shore up their flank. Its a war, and they need all hands on deck.

Instead of going after medical marijuana, they could go after the real law breakers on Wallstreet and in the banks.

:bounce: