Obama Cutting Secret Deal With Predatory Banks

(Washington Examiner) President Obama’s financial regulators are reportedly negotiating a secret settlement with 14 banks to end an investigation into predatory loans and foreclosures because federal investigators are having trouble finding the evidence they need for a successful end to the probe.

Fourteen banks — such as JP Morgan Chase, Citigroup, and Bank of America — would pay $10 billion, under the settlement, that would be used for relief for homeowners and families that have lost their homes.

What do the banks get? “The proposed settlement would also halt a separate sweeping review of more than four million loan files that the comptroller’s office and the Federal Reserve required the banks undertake as part of a consent order in April 2011,” The New York Times reports. Keep Reading Get The News The Liberal Media Refuses To Print! Input Your Primary Email Address Below And You'll Receive A Free Gift, Our Downloadable Report On The Cloward-Piven Strategy.     Privacy Policy: We respect your privacy and will not share your email address with ANYONE... PERIOD! Mouse Over The Green Icon To The Left To Share This Story On Your Favorite Social Media Sites.

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