Obama task force probing banks on foreclosures, criminal charges possible

[babsbunny]

http://www.rawstory.com/rs/2010/10/white-house-task-force-probing-banks-foreclosure-fraud/

In the still-developing "mortgagegate" scandal, the Obama White House is pledging its loyalties to the letter of the law, vowing Tuesday to hold "accountable" any bank that engaged in foreclosure fraud.

"As institutions are determining their next steps in addressing these issues, we remain committed to holding accountable any bank that has violated the law," White House Press Secretary Robert Gibbs told reporters.

"Mortgagegate," as it's been dubbed in the media, centers around the use of unqualified workers given jobs as "mortgage experts," who were then tasked with signing off on thousands of documents required by courts in foreclosure proceedings.

[ixion]

1. "We will say to them, very firmly, Banks, if you do not stop committing mortgage fraud..."

"you'll get no more free money."

[madokie]

2. having fun are you?

Personally I think its getting old hearing the same ole same ole all the time from the obama haters

[ixion]

3. I'm not a 'hater'. I voted for Obama, and have been disappointed with his performance

I'm sorry if that doesn't sit well with you, but it most certainly does not make me a 'hater'.

[Rosa Luxemburg]

4. Obama needs to hang the banks high (this week preferably)