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Re: Kentucky Attorney General Backs New York's Schneiderman InNational Foreclosure Settlement Talks
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smacklera@gmail.com
DATE:
2011-09-23 13:25:06
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<CAPudD-bsdjZSjLWxif_45GP1W3TVzsXg_CjEYRCL4EyMC19L=Q@mail.gmail.com>
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hbiden@rosemontseneca.com
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Absolutely, positively, 100% correct (though sometimes I wish the staff was better at encouragement/follow-through, but such is life). Hope travel is going well. On Fri, Sep 23, 2011 at 3:46 AM, <hbiden@rosemontseneca.com> wrote: > ** Agreed- its all good. I don't think its BB's people- its BB. In my > opinion he needs to either own this or not. No percentage in being perceived > as a leader by insiders and a bystander by voters. > > Sent from my Verizon Wireless BlackBerry > ------------------------------ > *From: * Alexander Snyder-Mackler <smacklera@gmail.com> > *Date: *Thu, 22 Sep 2011 13:09:46 -0400 > *To: *Eric Schwerin<eschwerin@rosemontseneca.com> > *Cc: *Hunter Biden<hbiden@rosemontseneca.com> > *Subject: *Re: Kentucky Attorney General Backs New York's Schneiderman In > National Foreclosure Settlement Talks > > I need to get an update on the oped he and Eric wrote -- it was supposed to > be in the NYT, but last I heard they were dragging feet. Beau (and this may > have changed) agreed to do a day in NYC off of that, and take up some > longstanding invites at places like MSNBC and the Times. But the oped was > supposed to be what he used as his jumping-off point. Admittedly, I've been > out of it, so I may be behind. I'm gonna track it down once CrimLaw class is > over. Also, many of the prior articles have had a "Schneiderman and Biden" > tack. So it ain't all bad. > > On Thu, Sep 22, 2011 at 1:06 PM, Eric Schwerin < > eschwerin@rosemontseneca.com> wrote: > >> Agreed - I thought that didn't come across in the article either. >> >> >> >> >> Eric D. Schwerin**** >> Rosemont Seneca Partners, LLC**** >> ****1010 Wisconsin Ave., NW******** >> ****Suite** 705****** >> ****Washington**, **DC** **20007******** >> (202) 333-1880**** >> eschwerin@rosemontseneca.com**** >> *P** **Consider the environment before printing this email.* >> >> On Sep 22, 2011, at 1:03 PM, Hunter Biden wrote: >> >> We need to make it more clear that Beau is a co-pilot and not just another >> AG jumping on the bandwagon. >> >> RHB >> 202.333.1880 >> >> On Sep 22, 2011, at 6:15 PM, Alexander Snyder-Mackler < >> smacklera@gmail.com> wrote: >> >> CA, KY, MN, NV...they're all jumping on the bus that Beau and Eric are >> driving >> >> On Thu, Sep 22, 2011 at 11:05 AM, Eric Schwerin <<eschwerin@rosemontseneca.com> >> eschwerin@rosemontseneca.com> wrote: >> >>> >>> <http://www.huffingtonpost.com/2011/09/22/kentucky-jack-conway-eric-schneiderman-foreclosure_n_975634.html> >>> http://www.huffingtonpost.com/2011/09/22/kentucky-jack-conway-eric-schneiderman-foreclosure_n_975634.html >>> >>> Kentucky Attorney General Backs New York's Schneiderman In National >>> Foreclosure Settlement Talks >>> >>> NEW YORK -- Kentucky Attorney General Jack Conway has added his name to a >>> list of state law enforcers who fear that a settlement being negotiated >>> among government officials and big banks isn't backed by a sufficient >>> investigation into potential wrongdoing. >>> >>> As law enforcers approach a deal with banks to settle allegations that >>> the companies improperly foreclosed on American homeowners, the banks are >>> pushing for a broad release from liability for actions that have not yet >>> been fully investigated, Conway said in a Thursday email to the Progressive >>> Change Campaign Committee, obtained by The Huffington Post. >>> >>> By raising these concerns, Conway has aligned himself with New York >>> Attorney General Eric Schneiderman and law enforcers from other states who >>> have questioned the adequacy of the groundwork underlying the settlement >>> talks. >>> >>> "Today's economic crisis was caused by Wall Street acting improperly," >>> Conway, a Democrat, said in the email. "Every American has paid the price -- >>> with families losing their homes, investors losing their money, and many >>> Americans losing their jobs. There should be absolutely no criminal or civil >>> immunity given to banks for activity that has not yet been investigated." >>> >>> All 50 state attorneys general, along with a group of federal agencies, >>> launched an investigation into banks' foreclosure practices after it emerged >>> last autumn that mortgage companies employed so-called "robo-signers," who >>> approved thousands of foreclosure documents without reading them. Some banks >>> temporarily halted foreclosures, saying they would review documents for >>> errors, as criticism mounted. >>> >>> Talks to settle the civil allegations seemed to be reaching a conclusion >>> over the summer. But some government officials, including recent Obama >>> Administration adviser Elizabeth Warren<http://www.huffingtonpost.com/2011/07/15/elizabeth-warren-foreclosure-investigation_n_899659.html>, >>> questioned the sufficiency of the investigation into the ways banks dealt >>> with homeowners. >>> >>> The banks, which include Bank of America, JPMorgan Chase, Citigroup, >>> Wells Fargo and Ally Financial, seem eager for a resolution to the talks >>> that have contributed to investors' anxiety over the institutions' financial >>> health. A legal penalty for the banks could reach $20 billion, The >>> Huffington Post<http://www.huffingtonpost.com/2011/06/06/foreclosure-fraud-20-billion_n_872207.html>reported in June. >>> >>> But consumer advocates are not united in the belief that the >>> investigation has been inadequate. Some progressive law enforcers and other >>> attorneys say the investigation -- which has been largely shielded from the >>> public view -- is grounds enough for a deal that could give immediate relief >>> to homeowners, by setting rules for mortgage practices and potentially >>> offering monetary assistance. >>> >>> "We all agree that banks have behaved abominably and they must be held >>> accountable. It's my strong belief that the multi-state AG effort is >>> attempting to do exactly that," said attorney Ira Rheingold, executive >>> director of the National Association of Consumer Advocates, in an email. The >>> attorneys general, he added, "have done a significant >>> investigation/examination of serious servicer misbehavior in the foreclosure >>> and loan modification processes and I believe that the fair resolution of >>> their negotiations offers the best hope for immediate relief for consumers >>> faced with the possible loss of their homes." >>> >>> A spokeswoman for Iowa Attorney General Tom Miller, who is leading the >>> investigation, did not immediately respond to a request for comment. Earlier >>> this month, when Minnesota Attorney General Lori Swanson<http://www.huffingtonpost.com/2011/09/13/minnesota-attorney-general-lori-swanson_n_960139.html>raised concerns about the adequacy of the investigation, a spokesman for >>> Miller said in an emailed statement: "We share a lot of common ground with >>> Attorney General Swanson and we appreciate her input." >>> >>> Miller removed New York's Schneiderman from the so-called executive >>> committee of attorneys general last month, as divisions emerged among state >>> law enforcers. Schneiderman, who has expressed skepticism about the national >>> investigation, has advocated for a narrow settlement, as he pursues his own >>> investigations into the banks' behavior. >>> >>> Attorneys general from Delaware and Massachusetts have also questioned >>> the thoroughness of the national investigation. >>> >>> FOLLOW HUFFPOST BUSINESS >>> <http://twitter.com/HuffPostBiz> >>> Subscribe to the HuffPost Money newsletter<http://www.huffingtonpost.com/money/signup.html?source=bottom>! >>> >>> >>> >>> >>> >>> >>> >>> Eric D. Schwerin**** >>> Rosemont Seneca Partners, LLC**** >>> ****1010 Wisconsin Ave., NW******** >>> ****Suite** 705****** >>> ****Washington**, **DC** **20007******** >>> (202) 333-1880**** >>> eschwerin@rosemontseneca.com**** >>> *P** **Consider the environment before printing this email.* >>> >>> >> >> >> -- >> >> Alexander Snyder-Mackler >> (302) 598-8678 >> >> >> > > > -- > > Alexander Snyder-Mackler > (302) 598-8678 > -- Alexander Snyder-Mackler (302) 598-867
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