Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Political Talk > Americas


Thanks Tree3Thanks
  • 3 Post By RNG
Reply
 
LinkBack Thread Tools Display Modes
Old October 25th, 2013, 03:16 PM   #1
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,196
Getting a Little Back

Those of you who are keen observers may have noticed that I am not a great fan of Obama and his administration. But there were some small steps in the right direction. The news flash from CNN quoted below is a follow up to a smaller but still enjoyable settlement of $18.3 million JPM made a few days ago. And it looks like there is more coming down the road at them. A small thing but a good thing.

Quote:
Originally Posted by CNN e-mail
JPMorgan has agreed to pay $5.1 billion to Fannie Mae and Freddie Mac to resolve claims stemming from the housing bubble, federal housing regulators announced.

The bank has also been in talks with the Justice Department and other government officials over another potential settlement based on similar claims. That settlement will likely be even more expensive for the bank.

At issue are claims that JPMorgan sold risky mortgages and mortgage securities while misrepresenting their quality.

Read the story here. Follow complete coverage of breaking news on CNN.com, CNN TV and CNN Mobile.
JPMorgan to pay $18.3 million to settle mortgage lawsuit | Reuters
RNG is offline  
Old October 25th, 2013, 03:25 PM   #2
Senior Member
 
intangible child's Avatar
 
Join Date: Feb 2006
Location: California
Posts: 12,699
Quote:
Originally Posted by RNG View Post
Those of you who are keen observers may have noticed that I am not a great fan of Obama and his administration. But there were some small steps in the right direction. The news flash from CNN quoted below is a follow up to a smaller but still enjoyable settlement of $18.3 million JPM made a few days ago. And it looks like there is more coming down the road at them. A small thing but a good thing.
JPMorgan to pay $18.3 million to settle mortgage lawsuit | Reuters
A republican president and his administration would have given them $18.3 million! Really!

intangible child is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Political Talk > Americas

Tags
back



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
The cat came back! catus felis New Users 24 May 18th, 2013 08:14 AM
I'm back!!!! sovereignman New Users 8 May 3rd, 2013 10:39 PM
Im Back not New Scrollforward New Users 12 May 2nd, 2013 06:39 AM
I'm Back... knot_e_lady New Users 22 April 16th, 2011 02:04 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.