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In reply to the discussion: Obama to Grant Banks Robosigning Immunity [View all]joshcryer
(62,269 posts)107. Bank immunity has been going on for the past two years. The anouncement may come tomorrow.
This is not new or is it uncontroversial. The question is why it's not falling into mortgage fraud. It should. Obama's going to have to come up with a decent explanation for this further immunity.
Huff Post but it's a good article: http://www.huffingtonpost.com/van-jones/obama-housing_b_1221921.html
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The source is HUD Secretary Shaun Donovan as reported in the WSJ. See #26.
AnotherMcIntosh
Jan 2012
#59
Because it's nothing but rumors at this point. National Enquirer type stuff. n/t
pnwmom
Jan 2012
#74
What? You mean "is drawing closer" and "is poised" is not definitive enough for ya?
Number23
Jan 2012
#100
The source is HUD Secretary Shaun Donovan. His statements were reported in the WSJ.
AnotherMcIntosh
Jan 2012
#26
Donovan says they are reaching a settlement. Kind of a leap to claiming it will be a "pardon." n/t
Ian David
Jan 2012
#116
Only the President can issue a pardon. Did you just create a strawman?
AnotherMcIntosh
Jan 2012
#120
I tried to edit my post to say "immunity," but DU glitched and did a double-post. n/t
Ian David
Jan 2012
#129
Donovan says they are reaching a settlement. Kind of a leap to claiming it will be "immunity." n/t
Ian David
Jan 2012
#117
The OP called it "immunity" is because it is immunity. If you don't want to, don't do so.
AnotherMcIntosh
Jan 2012
#127
Banks have foreclosed upon some not in default. Flip side? Prosecute robosigner higher-ups.
AnotherMcIntosh
Jan 2012
#29
Lets say there are 100 of such cases nationwide. Full actual damages x2 should be paid.
banned from Kos
Jan 2012
#41
Misdemeanor prosecutions? = not enough. Mail fraud is a felony. Organized mail fraud = RICO.
AnotherMcIntosh
Jan 2012
#47
If the wrong property was seized then that looks like a nice $2,000,000+ lawsuit to me.
dkf
Jan 2012
#90
No lawsuit for a 82-year-old retiree would be a nice lawsuit. The bank will delay and wait him out.
AnotherMcIntosh
Jan 2012
#93
Impersonating a notary is a misdemeanor - a small fine. It is NOT forgery.
banned from Kos
Jan 2012
#56
Do you have any authority for a belief that guilt for a lesser included crime excuses guilt for a
AnotherMcIntosh
Jan 2012
#60
PassingFair, you may have confused perjury with forgery, but this does involve forgery.
ms.smiler
Jan 2012
#63
Yes. As an example, a Nevada grand jury indicted two robosigners who admitted creating forgeries.
AnotherMcIntosh
Jan 2012
#68
What's the problem? In this country, our citizens are entitled to due process of law.
AnotherMcIntosh
Jan 2012
#94
dkf, you asked of Sabrina 1 “was your friend delinquent on her mortgage loan?”
ms.smiler
Jan 2012
#96
dkf, it simply isn't possible to declare a default based upon a partical accounting of a loan.
ms.smiler
Jan 2012
#136
Obviously not. I for example don't own a house so I won't be getting one.
TheKentuckian
Jan 2012
#54
I don't think there would be enough deposits to create the loans if mortgages weren't sold.
dkf
Jan 2012
#92
'"deferred prosecution" that Obama has continued from the Bush era.' K&R (nt)
T S Justly
Jan 2012
#12
You either (1) indicated a desire for knowledge or (2) were merely criticizing the OP as being "an
AnotherMcIntosh
Jan 2012
#38
I really can't be against anything that gives millions of home buyers major relief on their loans
nanabugg
Jan 2012
#18
Absolutely. I'm also for prosecuting every bank executive who was knowingly involved with this.
AnotherMcIntosh
Jan 2012
#33
It would be easier if they would just give us a list as to what we are supposed to trust and believe
AnotherMcIntosh
Jan 2012
#32
Obama to announce gutting Social Security and Medicare in the 2011 SOTU address!!
AtomicKitten
Jan 2012
#57
Why would he do that in the SOTU address? Why wouldn't he wait until after the election?
AnotherMcIntosh
Jan 2012
#95
How soon will we be informed that this has been structured to allow the banks to claim tax losses?
AnotherMcIntosh
Jan 2012
#61
WHY?!?!?! He shows signs of greatness and doing something SOMETHING awesome instead he
Justice wanted
Jan 2012
#69
That's what Johnathan Alter thinks, but I don't see the connection to clear mortgage fraud...
joshcryer
Jan 2012
#80
I completely agree with you and think you are right, peons shouldn't be crucified.
joshcryer
Jan 2012
#110
Bank immunity has been going on for the past two years. The anouncement may come tomorrow.
joshcryer
Jan 2012
#107