Then in a follow-up I read this:
Now I don't read the New York Post out of principle - it is a disgusting right wing rag as far as I am concerned, making Fox News look tame by comparison. So if they come out with this kind of report, I gotta think making this kind of settlement is bonkers - people on both the left and the right are going to scream blue murder.
A week ago, I finally read an in-depth investigation that found that in “a staggering 92 percent of the claims brought by creditors asserting the right to foreclose against bankrupt families in New York City and the close-in suburbs, banks and mortgage servicers couldn’t prove they had the right to kick the families out on the street… By robosigning documents and pressing foreclosures without the proper paperwork, banks have attempted to steamroll their way over sometimes-outgunned homeowners.”The investigation was done not by the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), nor by the Federal Deposit Insurance Corporation (FDIC) but by…wait for it…the New York Post. The Post! If the Post is capable of pulling off this investigation and making it public and subject to democratic discussion, why can’t the Obama administration? And this is what the New York AG’s office has to deal with: signing a deal absolving and protecting the banks when places like the New York Post are out there finding evidence of massive fraud.
Of course, the question in the title to this post is rhetorical. We all know why the administration is doing this.
Hang in the Eric - you're on the side of the angels with this one.