Comments on: Treasury’s promise, one year on http://blogs.reuters.com/felix-salmon/2011/12/08/treasurys-promise-one-year-on/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Acharn http://blogs.reuters.com/felix-salmon/2011/12/08/treasurys-promise-one-year-on/comment-page-1/#comment-33919 Sun, 11 Dec 2011 02:12:23 +0000 http://blogs.reuters.com/felix-salmon/?p=11431#comment-33919 What didn’t happen, which you don’t mention, was that “11-agency, 8-week review of servicer practices, with hundreds of investigators crawling all over the banks”. Instead what happened was hundreds of investigators went and drank coffee and ate donuts at the banks and then went home. since there was never an investigation the attorneys general never had any ammunition to get a settlement with the banks. So some of them did their own investigation and what they found was so bad they are suing, not settling. Thanks, Office of Thrift Supervision. Thanks, Fed. Thanks, Treasury. After all, Teh Timmeh said, “Save the banks at all costs.” And so it was tried.

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By: SteveHamlin http://blogs.reuters.com/felix-salmon/2011/12/08/treasurys-promise-one-year-on/comment-page-1/#comment-33877 Fri, 09 Dec 2011 17:56:01 +0000 http://blogs.reuters.com/felix-salmon/?p=11431#comment-33877 Felix shorted the list of states NOT part of the “50 State AG ‘investigation’ and ‘settlement\'”:

New York
California
Nevada
Massachusetts
Delaware

The first 3 being out means that the contemplated “national settlement” is impossible (and good on that – an AG shouldn’t settle what hasn’t been investigated).

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2011/12/08/treasurys-promise-one-year-on/comment-page-1/#comment-33860 Fri, 09 Dec 2011 08:22:32 +0000 http://blogs.reuters.com/felix-salmon/?p=11431#comment-33860 +1

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By: nyet http://blogs.reuters.com/felix-salmon/2011/12/08/treasurys-promise-one-year-on/comment-page-1/#comment-33857 Fri, 09 Dec 2011 06:15:38 +0000 http://blogs.reuters.com/felix-salmon/?p=11431#comment-33857 Why is it bad news that California and others are not accepting a pay off via fines? It seems to me there is hope that prosecutions could occur. Why not?

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By: upstater http://blogs.reuters.com/felix-salmon/2011/12/08/treasurys-promise-one-year-on/comment-page-1/#comment-33852 Fri, 09 Dec 2011 00:09:48 +0000 http://blogs.reuters.com/felix-salmon/?p=11431#comment-33852 There was never an “battle” between the Treasury Department and the banks. They represent the same interest, those of the 0.01%. Neither has any interest in the other 99.9%, regardless of what the spin-meisters may say.

Thank you for pointing out nothing has happened, Felix. The more often people are reminded that government does very little for the 99.9%, the better.

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