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Conservative Washington Examiner Blasts Bank Settlement: 'It Doesn't Redress The Crime Committed'

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Two months ago, the Obama administration and 49 state Attorneys General announced a settlement with the Big Banks that engaged in fraudulent lending practices that abused homeowners and often left taxpayers with the bill. This settlement was made final last week.

Today, the highly influential conservative newspaper the Washington Examiner editorialized against this settlement, saying that it essentially lets banks "get away" with fraud and that it doesn't redress the crimes committed:

There is no excuse for banks filing forged or back-dated foreclosure documents with state courts and county recorder offices. Unfortunately, that is exactly what many of the nation's largest banks did during the height of the recent financial crisis. And a new settlement approved by a federal judge in Washington last week essentially let them get away with it. [...] The banks fraudulently filed...

Read the rest of the story HERE:

At www.republicreport.org

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