Regulators balk at foreclosure demands

Regulators balk at foreclosure demands

There are 30 comments on the WLFI-TV West Lafayette story from Jul 21, 2011, titled Regulators balk at foreclosure demands. In it, WLFI-TV West Lafayette reports that:

Banking regulators refused to commit to releasing details of their investigations into illegal foreclosure practices by the nation's largest banks.

Join the discussion below, or Read more at WLFI-TV West Lafayette.

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DNF

“Judge less, Love more”

Since: Apr 07

Born in Newark Ohio

#21 Jul 22, 2011
good lord so many on these threads ranting about Libs and Cons. Two posters so far have pointed out that the rest of you are tails trying to wag the dog and I find it laughable myself.

Each side attempts to demonize the other and only end up succeeding in showing just what passive brainless sheep they really are.

DNF

“Judge less, Love more”

Since: Apr 07

Born in Newark Ohio

#22 Jul 22, 2011
FTA:
Sen. Robert Menendez, D-N.J, had pressed them to release the reports, banks' individual action plans and agreements with the consultants that investigated the banks. Menendez cited a report by the Associated Press this week that said banks are continuing to foreclose without doing the necessary paperwork, eight months after they had promised to stop.

"We will have to evaluate the individual documents and see if there is anything that would be of a confidential, supervisory nature," Walsh said, adding that his agency will release "some information."

Bernanke said the Fed plans to release a report that "will explain what the findings were and what the proposals were and what the reactions were." But he said he must consult with his legal team before releasing any information about individual banks.

Citing a legal opinion by his staff, Menendez said the regulators are permitted to release the information if doing so was in the public's best interest.

"It is not acceptable to violate the law, and it is not acceptable to do robo-signings," Menendez said.

County officials in at least three states say they have received thousands of mortgage documents with questionable signatures since last fall, suggesting that the practices, known collectively as "robo-signing," remain widespread in the industry, the AP reported Monday.

DNF

“Judge less, Love more”

Since: Apr 07

Born in Newark Ohio

#23 Jul 22, 2011
FTA:
there is a systemic problem with the paperwork involved in home mortgages and titles. They say banks and mortgage processors haven't acted aggressively enough to put an end to widespread document fraud in the mortgage industry.

^^^^^^^^
I'm not at all surprised over the reluctance of Bernanke and Walsh to release much info. They are both aware of the findings of the GAO audit of the FED and are trying to stall for time to develop a good spin strategy.
sav girl

Folsom, CA

#24 Jul 22, 2011
so agree
Venomous wrote:
Banks engaging in shady business practices and then trying to cover it up by refusing to release requested details? Well, I never...

“Angry Antlers ”

Since: Sep 08

Miami

#25 Jul 22, 2011
Wartime III wrote:
<quoted text>
What?!!
Banks are run by whom?!! ROFLMAO!!
And btw, who do think runs Wall Street? Can I get an "L", and an "i", and a "b".....
You are so retarded.

Wall Street, and ALL of corporate America is owned and opeated by Rethuglican Fascists.

LOL!!!

You have no hope.

Prove to me ONE "liberal" Wall Street bank participated in the 2008 economic collapse.

LOL

Show me ONE liberal who doesn't want their bank "conservative" when it comes to banking- we just say NO to casino gambling with our money, and insist in regulation and oversight.

As things were until the onslaught of Reaganomics and failed "trickle down" economic bullshit.
Ayreshire

Alamogordo, NM

#26 Jul 22, 2011
Caribou Barbie wrote:
<quoted text>
You are so retarded.
Wall Street, and ALL of corporate America is owned and opeated by Rethuglican Fascists.
LOL!!!
You have no hope.
Prove to me ONE "liberal" Wall Street bank participated in the 2008 economic collapse.
LOL
Show me ONE liberal who doesn't want their bank "conservative" when it comes to banking- we just say NO to casino gambling with our money, and insist in regulation and oversight.
As things were until the onslaught of Reaganomics and failed "trickle down" economic bullshit.
Of course!! It's always Bush's fault and the Republican Party!! The Dems are as pure as the driven snow don't you know?? Even though the Dems had a majority in Congress since 2007 until this January!!! Sounds like you have hundreds of issues they are trying to correct and after reading this hateful hogwash I can see why. Too many to post. But the main ones are impersonating many clueless morons, stalking, propaganda, Lies, misinformation, Idiotic Rants, Childish Nonsense, inbreeding, impersonating a woman when you are actually a little child, impersonating a man when you're actually a little boy. Sounds like our little mentally retarded nut case is on the war path this morning. Did the nurses really upset you or did the doctor tell you they are extending your stay at the Institution another 20 years??? I'd be upset too!! Now give the computer to someone else who's waiting in line and stop hogging it all to your selfish!!!! I can really see why your family members in California and elsewhere told you that they would rather jab themselves in the eye with an Ice pick over and over than to listen to you idiocy night and day. They avoid you like the plague!! That's why you love to come throw your trash out here in Topix. It's the only attention you get and love it!
Gary

Bellingham, WA

#27 Jul 22, 2011
What, we expect the gangsters and banksters on Wall Street to release details of how they conspired to destroy the American economy?

What is this, socialism?

Hell, when you are up their at the top of the economic feed chain you have the God-given right to pillage the economy in way you see fit. That's the glory of capitalism as practiced in the good old U.S. of A. The robbers rip the nation off for billions and do it almost without any fear of
ever facing justice.

The mass of the American people? Tough luck suckers!

DNF

“Judge less, Love more”

Since: Apr 07

Born in Newark Ohio

#28 Jul 22, 2011
Ayreshire wrote:
<quoted text>
Of course!! It's always Bush's fault and the Republican Party!! The Dems are as pure as the driven snow don't you know?? Even though the Dems had a majority in Congress since 2007 until this January!!! Sounds like you have hundreds of issues they are trying to correct and after reading this hateful hogwash I can see why. Too many to post. But the main ones are impersonating many clueless morons, stalking, propaganda, Lies, misinformation, Idiotic Rants, Childish Nonsense, inbreeding, impersonating a woman when you are actually a little child, impersonating a man when you're actually a little boy. Sounds like our little mentally retarded nut case is on the war path this morning. Did the nurses really upset you or did the doctor tell you they are extending your stay at the Institution another 20 years??? I'd be upset too!! Now give the computer to someone else who's waiting in line and stop hogging it all to your selfish!!!! I can really see why your family members in California and elsewhere told you that they would rather jab themselves in the eye with an Ice pick over and over than to listen to you idiocy night and day. They avoid you like the plague!! That's why you love to come throw your trash out here in Topix. It's the only attention you get and love it!
Venomous

Grass Valley, CA

#29 Jul 22, 2011
Gary wrote:
What, we expect the gangsters and banksters on Wall Street to release details of how they conspired to destroy the American economy?
What is this, socialism?
Hell, when you are up their at the top of the economic feed chain you have the God-given right to pillage the economy in way you see fit. That's the glory of capitalism as practiced in the good old U.S. of A. The robbers rip the nation off for billions and do it almost without any fear of
ever facing justice.
The mass of the American people? Tough luck suckers!
Yep... that pretty much sums it up. But if you object to it in any way, you're a God damned communist :)
Storm Warning

Fort Atkinson, WI

#30 Jul 23, 2011
The wheel Of Misfortune, silly ass liberals cannot spell goldman sachs

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