The 50 state attorneys general investigating foreclosure fraud are opting for settling with the five biggest as civil matters
So the standard is that if you’re a bank, you can break the law.
Any law – and it’s not criminal. At worst it’s a civil matter. Maybe.
And here I thought our State AGs would actually perform their jobs and prosecute.
In related news, the feds just settled with BofA for $0.01 on the dollar. One analyst says “This looks to me like a gift from Tim Geithner… there’s politics all over this.” If this happened in a Latin American country, would we not call it corruption?
Pass the bananas, please.