Comments on: NY AG’s BofA filing will ripple far beyond $8.5 bn MBS deal http://blogs.reuters.com/alison-frankel/2011/08/05/ny-ags-bofa-filing-will-ripple-far-beyond-8-5-bn-mbs-deal/ On the Case Fri, 15 Jul 2016 20:42:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AAAcreditrating http://blogs.reuters.com/alison-frankel/2011/08/05/ny-ags-bofa-filing-will-ripple-far-beyond-8-5-bn-mbs-deal/#comment-20 Sun, 07 Aug 2011 15:59:57 +0000 http://blogs.reuters.com/alison-frankel/?p=155#comment-20 Well, let’s hope hon Judge Kapnick dismisses the AG’s motion. The AG’s motion is clearly a political attack against Wallstreet.
Bank of America reached a settlement with investors after the Federal Foreclosure Task Force completed their investigation last year.
Also, there is no evidence that the majority of investors weren’t happy with the settlement made.

It should be the parties to decide if they reached a good settlement and not the AG.
The AG’s office should have completed all of its investigations of Bank of NY long time ago as it should have been anticipated that such global settlements needed to be done. NYC cannot recover unless the banking sector is given room to clean up the mortgage mess.

]]>