Archive for the ‘Huffington Post’ Category
Sunday, January 29th, 2012
New York Attorney General Eric Schneiderman
We here at the South Florida Law Blog decided to clock in a few hours this weekend, because if we didn’t we’d probably fall behind President Obama’s new man-in-the trenches Eric Schneiderman.
President Obama only announced this new investigative unit during Tuesday’s State of the Union, yet the “check”, or in this case the subpoena, is already in the mail.
If you were skeptical that Obama was still interested in the status-quo when it comes to the banks and doing business, may we present Exhibit A.
Eric Schneiderman is turning himself into a modern-day Elliot Ness.
You remember Ness don’t you?
The federal agent whose team of “Untouchables” couldn’t be bought off and helped bring down Al Capone?
Schneiderman too has the era of a man who will not be co-opted. If anyone can stay above the fray and not be reeled in by the banks and their money, he can.
Investigation Going After Cause of Housing Crisis
Schneiderman has stood up to the President before, openly opposing the settlement agreement that we here at the South Florida Law Blog have railed against. And now he is Obama’s point man for placing blame and creating accountability for causing the worst economic crisis in the US since the Depression.
Elliot Ness
The Huffington Post is reporting that outside of claims directly relating to robo-signing fiasco, the banks will not be released from the threat of prosecution for the vast majority of securities-related crimes.
(more…)
Tags: banking, Deconstruction the Black Magic of Securitized Trusts, economics, elliot, elliot ness, eric, Eric Scheniderman, eric schneiderman, federal reserve system, finance, fraud, housing crisis, IRS, mortgage backed security, mortgages, ness, New York Attorney General Eric Schneiderman, Obama, rampant, robo signing, Roy Oppenheim, schneiderman, SEC, securitization, securitized, securitized trust, South Florida, South Florida Law Blog
Posted in Eric Schneiderman, Florida foreclosures, Florida Law News, Foreclosure Fraud, Huffington Post, Mortgage Bankers Association, Residential Mortgage-Backed Securities Working Group, Underwater Mortgage |
Monday, January 23rd, 2012
President Barack Obama delivers remarks on the economy at Shaker Heights High School,Shaker Heights, Ohio, Jan. 4, 2012. (Official White House Photo by Chuck Kennedy)
We really haven’t seen President Obama insert himself directly into the housing crisis, but there are rumblings that he may do just that during Tuesday’s State of The Union address.
The fact is that is what homeowners have been clamoring for. A new USA TODAY/Gallup Poll found 58% of Americans want the government to do more to help people keep homes.
According to HousingWire, Ohio senator Sherrod Brown told reporters today that there was evidence that Obama would address the robo-signing case which involves several major banks. A North Carolina congressman even said there were rumours that Obama would announce a settlement, something HUD secretary Shaun Donovan suggested last week was ‘very close’, as we mentioned in our Week In Review on Friday.
For the record, Obama’s press secretary refused to confirm any details, saying only that the President was “focused on the issue of housing”.
Between Dononvan’s comments and the recent white paper sent out by the Federal Reserve, it seems that more and more top government officials are finally realizing how important the housing market is to our economic recovery, not to mention their own political survival.
This is not news to us here at the South Florida Law Blog.
In the Huffington Post last September, Roy Oppenheim called housing the “thousand pound gorilla in the room” in the 2012 election, as many of the states with the highest underwater mortgages, such asFlorida, are also key electoral swing states. The pressure on Obama to be more aggressive on the banks is growing in Washington, and it’s about time.
(more…)
Tags: barack obama, foreclosure, gallup poll, housing and urban development, housing crisis, HUD, Huffington Post, president, President Obama, principal reduction, republican, Roy Oppenheim, shaun donovan, sherrod brown, state of the union, usa today, Wall Street Journal
Posted in Federal Reserve, Florida foreclosures, Florida Law News, Foreclosure Defense, Huffington Post, Obama, Roy Oppenheim, The Wall Street Journal |
