“The truth is that they stopped the review process and “Settled” because the regulators were under a mandate to protect the banks. They were finding far too many wrongful and illegal foreclosures. The investigator testified that the small sampling they used was not random but rather designed to show how few foreclosures were illegal. But […]

Tags: bank regulators, bank settlements, Barry Ritholtz, Bernanke, damages for wrongful foreclosure, Elizabeth Warren, Federal reserve, Glass-Steagall, illegal foreclosure, wrongful foreclosure
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