U.S. mortgage task force to take action soon - NY AG - News and Current Events | futures io social day trading
futures io futures trading


U.S. mortgage task force to take action soon - NY AG
Updated: Views / Replies:196 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

U.S. mortgage task force to take action soon - NY AG

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

U.S. mortgage task force to take action soon - NY AG

(Reuters) - The mortgage task force formed by President Barack Obama to probe misconduct that contributed to the financial crisis will soon take legal action, New York Attorney General Eric Schneiderman said on Thursday.
Schneiderman, a co-chair of the task force, would not say whether cases would be brought against individuals or financial institutions. He also would not comment on whether criminal charges would be filed.

But he said his office would take action and that he expected his federal counterparts on the task force to do so as well.

"We'll see actions being taken sooner rather than later," said Schneiderman, speaking in an interview at his office in New York.

The Residential Mortgage-Backed Securities Working Group was formed in January, to probe the pooling and sale of risky mortgages in the runup to the 2008 financial crisis. Obama said he was creating the group to "hold accountable those who broke the law" and "help turn the page on an era of recklessness."

Schneiderman said he believes it is still necessary to go after the "bad actors" to restore confidence in the financial markets.

"It's important to convey the sense that no one is above the law. There's a set of rules to which all will be held accountable, including big players on Wall Street," Schneiderman said.

Schneiderman noted that only days earlier protesters had gathered in a park nearby to mark the first anniversary of the Occupy Wall Street movement.

Last year, Schneiderman fought to limit the scope of a $25 billion settlement with major banks over foreclosure abuses. He wanted authorities to retain the ability to probe misconduct in the securitization of mortgages, the area now being investigated by the task force.

The task force includes the Justice Department, the Securities and Exchange Commission, the Department of Housing and Urban Development and the Internal Revenue Service.

Schneiderman said the group, which has been criticized for inaction, had taken a few months to staff up. He said he was optimistic resources would continue to expand.

"History will show the working group acted pretty quickly given the circumstances," he said. "The important thing is to see results and then continued results ... (that) we don't just have one or two cases and then this peters out."

Another law enforcement official involved with the task force told Reuters on Wednesday that any action from the task force was more likely to be civil than criminal.

In the interview on Thursday, Schneiderman said he could not comment on whether there would be criminal charges.

When the group was formed, Attorney General Eric Holder announced civil subpoenas had been sent to 11 financial institutions. But little information has been made public since then.

Exclusive: U.S. mortgage task force to take action soon - NY AG | Reuters

Reply With Quote

Reply



futures io > > > > U.S. mortgage task force to take action soon - NY AG

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Goldman to face mortgage debt class-action lawsuit kbit News and Current Events 0 February 3rd, 2012 12:23 PM
Mass. AG hits big banks with foreclosure lawsuit kbit News and Current Events 0 December 1st, 2011 03:28 PM
Bull Market in Food : Rosenberg and Hendry on Ag Quick Summary News and Current Events 0 November 22nd, 2011 11:10 PM
Taken to Task: Jamie Dimonís House of Ill Repute kbit News and Current Events 0 July 12th, 2011 03:07 PM
NY Fed, 8 Firms Threaten BofA Over Mortgage Securities Quick Summary News and Current Events 0 October 19th, 2010 07:10 PM


All times are GMT -4. The time now is 10:37 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.06 seconds with 19 queries on phoenix via your IP 54.226.113.250