Hurry up

And let our fraudulent paperwork go through!

Aug. 12 (Bloomberg) — Bank of America Corp. Chief Executive Officer Brian T. Moynihan met Treasury Secretary Timothy F. Geithner to press for a settlement of probes tied to the industry’s shoddy foreclosure practices, said two people with direct knowledge of the event.

Moynihan, 51, also met Aug. 10 in Washington with Federal Reserve governor Daniel Tarullo, said the people, who declined to be identified because the discussions were private. A settlement among banks, state attorneys general and the Department of Justice would enable lenders to resolve delinquent loans and in turn allow the U.S. housing market to recover, Moynihan told the officials.

“In the states where foreclosure can take place you’re seeing the system unclog and move through,” Moynihan said during in an Aug. 10 conference call hosted by mutual fund manager Bruce Berkowitz. “That’s different than states where foreclosure is going through very slowly.”

2 thoughts on “Hurry up

  1. After the financial bailout to cover the losses due to fraud, and now the legal bailout to cover the actual crimes of fraud.

    If anything is the prime characteristic of what has gone wrong in our country it is the fact that we no longer exist under the rule of law. We are no longer a government of laws, but a government of individual corrupt people. Anything can happen, and they can do anything they want to anyone. This talk about Obama being too weak to govern is absolute baloney. He is the most powerful human being in the world, commanding a huge army, the most invasive spy network ever on earth, and an overwhelming police force. Do you think he is defeated by one vote in the Senate unless he wants to be?

  2. Brian desperately wants a settlement as quickly as possible. As head of the TBTF banks closest to the edge he needs to paper over the sins of his bank to cut off future litigation for his mortgage servicing unit. He is already up to his ass in alligators.

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