Tuesday, September 6, 2011

50-State AG Foreclosure Fraud Probe Chief: Our Settlement Won't Release Banksters From 'All' Civil Liability Or 'Any' Criminal Liability

Bloomberg reports:

  • The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, Iowa Attorney General Tom Miller said.

  • Miller said criticism of the multistate case was based on the “false notion” that its organizers were prepared to release the banks from all liability, including criminal liability. New York Attorney General Eric Schneiderman has been portrayed as resisting that position, Miller wrote in a letter to New York lawmakers who complained about Schneiderman’s removal from an executive committee working on the agreement.

For more, see Iowa Says State AG Accord Won’t Release Banks From Liability.

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