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To: carranza2 who wrote (95149)10/3/2012 1:36:49 AM
From: Haim R. Branisteanu  Read Replies (2) of 217542
 
Will he succeed? I only hope so. Unfortunate it seems very political driven and not real justice

“There are further losses being incurred,” according to Schneiderman, who called the case a “template” for cases against other issuers of mortgage securities.

New York will use at least some of the money it collects from the suits to reimburse investors, Schneiderman said in the Bloomberg interview.

“The investors who were defrauded deserve to get money back,” he said. “I don’t think there’s any dispute about that. This is a matter of doing justice. If anything, most folks in the U.S. think there were too few strings on the banks that were the recipients of the bailout and the recipients of taxpayer- backed loans.”

bloomberg.com
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