Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Political Debate Board Message Board

Holder was an extortionist so using him as an exam

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 65629
Posted On: 02/15/2016 10:22:34 AM
Posted By: Bhawks
Re: ErnieBilco #1998
Quote:
Holder was an extortionist so using him as an example of the DOJ is not only flawed but stupid.



I used him as an example of the Justice Dept. going after 'white' collar crime as opposed to not going after anything that wasn't 'black' related.

And I pointed out that while securing $ billions in settlements for $ billion crimes, he stopped short of criminal prosecution.

Are you saying that these banks were innocent of financial malpractice, and that they settled because they were 'extorted'?

I'm pretty sure they could afford the best lawyers who could have advised them to fight in court........unless.

Quote:
$13 billion — J.P. Morgan Chase & Co. — 2013: J.P. Morgan and the Justice Department agreed to a landmark $13 billion settlement that resolved a number of legal headaches. Of the $13 billion settlement, $9 billion was set aside to pay federal and state civil lawsuit claims over residential-backed mortgage securities. Of that $9 billion, $2 billion was a civil penalty to the Justice

Department, $1.4 billion was to settle federal and state claims by the National Credit Union Administration, $515 million to settle Federal Deposit Insurance Corp. claims, $4 billion to settle Federal Housing Finance Agency claims, nearly $300 million to settle claims by California state officials, nearly $20 million to settle claims by Delaware, $100 million to settle claims from Illinois, $34 million to settle claims by Massachusetts, and nearly $614 million to settle claims by New York State.

$9.3 billion — Bank of America, Wells Fargo, J.P. Morgan and 10 others — 2013: Thirteen banks reached an agreement with the Office of the Comptroller of the Currency and Federal Reserve to pay $9.3 billion in cash and noncash relief, including loan assistance, to homeowners over alleged foreclosure abuses.



$13 billion — J.P. Morgan Chase & Co. — 2013: J.P. Morgan and the Justice Department agreed to a landmark $13 billion settlement that resolved a number of legal headaches. Of the $13 billion settlement, $9 billion was set aside to pay federal and state civil lawsuit claims over residential-backed mortgage securities. Of that $9 billion, $2 billion was a civil penalty to the Justice Department, $1.4 billion was to settle federal and state claims by the National Credit Union Administration, $515 million to settle Federal Deposit Insurance Corp. claims, $4 billion to settle Federal Housing Finance Agency claims, nearly $300 million to settle claims by California state officials, nearly $20 million to settle claims by Delaware, $100 million to settle claims from Illinois, $34 million to settle claims by Massachusetts, and nearly $614 million to settle claims by New York State.

$9.3 billion — Bank of America, Wells Fargo, J.P. Morgan and 10 others — 2013: Thirteen banks reached an agreement with the Office of the Comptroller of the Currency and Federal Reserve to pay $9.3 billion in cash and noncash relief, including loan assistance, to homeowners over alleged foreclosure abuses.







(0)
(1)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us