The nation’s top banks are worried that a possible sea-change in the make-up of state attorneys general after tonight’s mid-term elections could delay a settlement of the state AG’s wide-ranging investigation into so called “robo signing” of mortgage foreclosure documentation, FOX Business Network has learned.
Though the state probe spearheaded by Iowa AG Tom Miller is still in its initial phases, executives at the top banks say progress has recently been made in crafting a global settlement of charges that the banks denied mortgage holders who defaulted on their loans due process by hiring robo signers. The robo signers basically rubber stamped foreclosures without proper documentation.
But a volatile electorate, that may force many incumbents out of office tonight, has executives at the big banks worried that a deal will be delayed as a new crop of AGs comes into office. There are 35 state attorney general races being contested tonight, including key races in California, New York and Michigan where there are no clear front runners.
While Democrats hold a 30-20 edge among the state AGs, the composition is likely to change given recent polls showing Republicans looking to gain ground in state elections such as governorships. The Republicans gaining ground aren’t necessarily those who favor the big banks thanks to the Tea Party movement, which has supported candidates who don’t favor bank bailouts and special perks to the big financial firms.
One thing is sure: the new batch of AG will not immediately bend over to Wall Street's whims, knowing full well they will have signed their own career death sentence off the bat should they pursue that course, especially with every blog exposing their actions to the broader population for all to see.
The nation’s top banks are worried that a possible sea-change in the make-up of state attorneys general after tonight’s mid-term elections could delay a settlement of the state AG’s wide-ranging investigation into so called “robo signing” of mortgage foreclosure documentation, FOX Business Network has learned.
Though the state probe spearheaded by Iowa AG Tom Miller is still in its initial phases, executives at the top banks say progress has recently been made in crafting a global settlement of charges that the banks denied mortgage holders who defaulted on their loans due process by hiring robo signers. The robo signers basically rubber stamped foreclosures without proper documentation.
But a volatile electorate, that may force many incumbents out of office tonight, has executives at the big banks worried that a deal will be delayed as a new crop of AGs comes into office. There are 35 state attorney general races being contested tonight, including key races in California, New York and Michigan where there are no clear front runners.
While Democrats hold a 30-20 edge among the state AGs, the composition is likely to change given recent polls showing Republicans looking to gain ground in state elections such as governorships. The Republicans gaining ground aren’t necessarily those who favor the big banks thanks to the Tea Party movement, which has supported candidates who don’t favor bank bailouts and special perks to the big financial firms.
One thing is sure: the new batch of AG will not immediately bend over to Wall Street's whims, knowing full well they will have signed their own career death sentence off the bat should they pursue that course, especially with every blog exposing their actions to the broader population for all to see.
eric seiger do
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The Colts announced roster news and injury updates on Tuesday.
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The Colts announced roster news and injury updates on Tuesday.
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eric seiger do
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Dan Abrams - Fox <b>News</b> - 2012 Election | Mediaite
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eric seiger do
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The Colts announced roster news and injury updates on Tuesday.
Dan Abrams - Fox <b>News</b> - 2012 Election | Mediaite
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eric seiger do
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eric seiger do
Colts <b>News</b>: COLTS <b>NEWS</b>
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Dan Abrams - Fox <b>News</b> - 2012 Election | Mediaite
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eric seiger do
Colts <b>News</b>: COLTS <b>NEWS</b>
The Colts announced roster news and injury updates on Tuesday.
Dan Abrams - Fox <b>News</b> - 2012 Election | Mediaite
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Fantasy Football <b>News</b> Roundup, Week 13: Detroit's Quarterback <b>...</b>
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eric seiger do
Colts <b>News</b>: COLTS <b>NEWS</b>
The Colts announced roster news and injury updates on Tuesday.
Dan Abrams - Fox <b>News</b> - 2012 Election | Mediaite
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Fantasy Football <b>News</b> Roundup, Week 13: Detroit's Quarterback <b>...</b>
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eric seiger do
Colts <b>News</b>: COLTS <b>NEWS</b>
The Colts announced roster news and injury updates on Tuesday.
Dan Abrams - Fox <b>News</b> - 2012 Election | Mediaite
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Fantasy Football <b>News</b> Roundup, Week 13: Detroit's Quarterback <b>...</b>
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