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Donovan Acknowledges Banks Gaming HARP 2.0 To Increase Profits - Firedoglake
President Obama will announce new figures Friday showing a dramatic spike in the number of Americans taking advantage of federal programs designed to help struggling homeowners and stabilize the lagging housing industry, administration officials said ...
California AG Harris Turned Down a Guaranteed 60% of the Foreclosure Fraud Deal - Firedoglake
Bank of America had guaranteed California borrowers would receive $8bn in mortgage aid, while Wells Fargo and JPMorgan Chase committed at least $5bn to the state's distressed homeowners, according to people familiar with the matter, who declined to ...
How the Schneiderman Panel Could Work - Firedoglake
Sources, who preferred to speak off the record, made this commitment: if the investigation is going in that direction, the New York AG will walk away. And not only that, he will walk away in the most showy, public manner possible, letting everyone know ...
Inequality Divides Members of Congress and Their Constituents - Firedoglake
“This isn't just about recovering from this recession,” said a senior advisor to Obama, one of several who spoke on condition of anonymity because they were not authorized to speak publicly about internal White House discussions. ...
Post-2011 Military Presence in Iraq Falters on Question of Immunity - Firedoglake
“We both have a vision that coincides on the need for military trainers,” said the official, who spoke on the condition of anonymity to comment on the sensitive negotiations. “The US government is working out what our vision of legal status options are ...
Super Committee Members Aren't Interested in “Going Big” on Deficit Reduction - Firedoglake
But the supercommittee member who spoke on background cast doubt on the ability of the panel to be so ambitious. There does not appear to be any consensus to cut Medicare payments to doctors, the Defense Department or other large programs with strong ...
Foreclosure Fraud Settlement Hung Up on Everything That Would Be in the Settlement - Firedoglake
said one official who spoke on the condition of anonymity because the talks are ongoing. “MERS is a bit of a swamp.” Illinois Attorney General Lisa Madigan acknowledged in an interview that the issue remains unresolved. She said there are “differing ...
Other Rating Agencies Implicated in DoJ Mortgage Bond Probe - Firedoglake
The SEC for months has been looking closely at the conduct of S&P and reviewing the role played by Moody's Investors Service, owned by Moody's Corp., in relation to at least two mortgage-bond deals, according to people familiar with the matter. ...
Latino Activists Not Satisfied By New Deportation Order From White House ... - Firedoglake
The policy change is meant as a framework to help prevent non-priority undocumented immigrants from “clogging the system,” senior administration officials said on a conference call with reporters Thursday. First, the agency will look at its pending ...
Inside the Obama Deal on Fuel Economy - Firedoglake
... per gallon or 163 grams per mile of carbon dioxide equivalent by 2025, which represents a 50 percent cut in greenhouse gases and a 40 percent reduction in fuel consumption compared with today's vehicles, according to sources briefed on the matter. ...
Sunday Night Summary of Libya, Tunisia, Bahrain, Syria, Yemen and Egypt - Firedoglake
... Obama administration, seeking new ways to force the Syrian leadership to halt its violent crackdown on domestic dissent, is examining whether war crimes charges can be brought against President Bashar al-Assad, senior administration officials said. ...
Treasury Withholds HAMP Payments to Three Servicers - Firedoglake
... servicers will no longer receive payments tied to their participation in the Obama administration's main foreclosure prevention initiative until they improve their performance in that program, a senior administration official said Wednesday. ...
Larger July Drawdown than Expected Floated for Afghanistan - Firedoglake
They want gradual cuts that would keep American forces at a much higher combat strength well into next year, senior administration officials said. The cost of the war and Mr. Karzai's uneven progress in getting his forces prepared have been latent ...
State AGs Start Freelancing, Abandoning Inadequate Foreclosure Fraud Settlement - Firedoglake
... told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people familiar with the matter. ...
Something is Very Wrong with the Bin Laden Kill Story - Firedoglake
The official, who asked to remain anonymous, stated to The Observer of Pakistan that he had himself attended the funeral of bin Laden and saw his face prior to burial in Tora Bora 10 days ago. He mentioned that 30 of al-Qa'da fighters attended the ...
Warren Shoots to Top of Short List for CFPB Job - Firedoglake
... lead in setting up: President Barack Obama has narrowed the list of candidates to lead the Consumer Financial Protection Bureau to a group of people with financial services experience, including Elizabeth Warren, an administration official said. ...
EU Readies Troops for “Humanitarian Assistance” in Libya - Firedoglake
“This is not true,” an official close to the council said Tuesday when told of General Hifter's claims. “General Younes is over him, this is for sure, and General Hifter is under him.” The words “Keystone” and “Kops” comes to mind. ...
Chamber of Commerce Pressuring GOP Lawmakers on Debt Limit - Firedoglake
And we know that's not your goal, so just FYI,' ” said one financial industry executive who, like some others interviewed, spoke on the condition of anonymity to recall private conversations with lawmakers. Members of the Financial Services Forum ...
Republicans Expanding Military, Homeland Security Budgets in Negotiations - Firedoglake
A Democrat involved in the negotiations, who spoke on the condition of anonymity, said alternative spending cuts from the White House and Senate Democrats would range up to $8 billion. But to the Democrats' dismay, not only were Republicans resisting ...
Democratic Attorneys General Question Unclear, Rushed Mortgage Servicer Settlement - Firedoglake
Democratic AGs and senior staff, who spoke off the record because of Tom Miller's lead role in the case, said that they only received the term sheet, seen as a first offer to the banks, a couple days before the meeting, and didn't know until they got ...
More on the “Global Settlement” on Foreclosure Fraud - Firedoglake
US banks received a 27-page proposal late Thursday from state attorneys general and several federal agencies that could require them to reduce loan balances of troubled mortgage borrowers, according to people familiar with the matter. ...
MERS CEO RK Arnold Bolting? - Firedoglake
... or MERS, is planning to leave the company and an announcement could come within days, according to people familiar with the matter. ...
Disappointing US-China Summit Fails to Confront Mercantilist Policies - Firedoglake
China has also agreed to scrap a policy that favors Chinese technology firms for big government contracts, a senior administration official said. ...
The Bipartisan War on Public Employees - Firedoglake
... workers as part of an emergency financial plan he will lay out in his State of the State address on Wednesday, senior administration officials said. ...
Exclusive! Wikileaks to Reveal Inside Info on Santa Claus! - Firedoglake
An unnamed government official, speaking on the condition of anonymity, though denying s/he is part of Anonymous, says that these revelations could spark a ...