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Re: Obama's Justice Department continues to quietly do its job...

By: ribit in FFFT | Recommend this post (1)
Thu, 22 Dec 11 1:26 AM | 66 view(s)
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Msg. 37310 of 65535
(This msg. is a reply to 37295 by oldCADuser)
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The Justice Department on Wednesday announced a $335 million settlement with Bank of America Corp. (NYSE:BAC) over alleged discriminatory lending practices by its Countrywide Financial Corp. unit. The settlement, the largest of its kind, involves 200,000 qualified African-American and Hispanic borrowers between 2004 and 2008

...are ya saying that they passed over 200,000 qualified folks to lend money to folks who couldn't pay it back? That sounds a bit far fetched even for you to post.

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:

Obama's Justice Department continues to quietly do its job...
By: oldCADuser in FFFT
Thu, 22 Dec 11 12:26 AM

Msg. 37295 of 65535

U.S. in $335 mln settlement with B. of A.

Dec. 21, 2011, 3:18 p.m. EST

WASHINGTON (MarketWatch) -- The Justice Department on Wednesday announced a $335 million settlement with Bank of America Corp. (NYSE:BAC) over alleged discriminatory lending practices by its Countrywide Financial Corp. unit. The settlement, the largest of its kind, involves 200,000 qualified African-American and Hispanic borrowers between 2004 and 2008, according to Justice Department Attorney General Eric Holder. Bank of America acquired Countrywide in 2008. Other regulators participating in a settlement press conference included Housing and Urban Development Department Secretary Shaun Donovan, Illinois Attorney General Lisa Madigan and Federal Reserve Governor Sarah Bloom Raskin.

http://www.marketwatch.com/story/us-in-335-mln-settlement-with-b-of-a-2011-12-21?siteid=

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