August 22, 2011
The NYT reported that the Obama administration is pressuring Eric Schneiderman, New York’s attorney general, to agree to a settlement with the major banks over improper handling of foreclosures and mortgage servicing. The piece has this stunning statement:
“Mr. Donovan [housing secretary Shaun Donovan] defended his discussions with the attorney general, saying they were motivated by a desire to speed up help for troubled homeowners.”
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