Kentucky Attorney General Backs New York’s Schneiderman In National Foreclosure Settlement Talks

Kentucky Attorney General Backs New York’s Schneiderman In National Foreclosure Settlement Talks

NEW YORK — Kentucky Attorney General Jack Conway has added his name to a list of state law enforcers who fear that a settlement being negotiated among government officials and big banks isn’t backed by a sufficient investigation into potential wrongdoing.

As law enforcers approach a deal with banks to settle allegations that the companies improperly foreclosed on American homeowners, the banks are pushing for a broad release from liability for actions that have not yet been fully investigated, Conway said in a Thursday email to the Progressive Change Campaign Committee, obtained by The Huffington Post.

By raising these concerns, Conway has aligned himself with New York Attorney General Eric Schneiderman and law enforcers from other states who have questioned the adequacy of the groundwork underlying the settlement talks.

“Today’s economic crisis was caused by Wall Street acting improperly,” Conway, a Democrat, said in the email. “Every American has paid the price — with families losing their homes, investors losing their money, and many Americans losing their jobs. There should be absolutely no criminal or civil immunity given to banks for activity that has not yet been investigated.”

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Comments
3 Responses to “Kentucky Attorney General Backs New York’s Schneiderman In National Foreclosure Settlement Talks”
  1. Fury says:

    this is fantastic news. i hope that more AGs will join the fight
    that schneiderman is leading to hold banks and their lackeys accountable
    for the crimes they committed against homeowners.

    and kudos to john o’brien too!

  2. Ron Moss says:

    Thank God for obedient servants. My case against MortgageIT and IndyMac, HSBC and OneWest can wait till punitive damage for billionaires can be measurable and paid as part of the harn. Who caused the economic
    downturn” the original back in about 2005?

  3. housemanrob says:

    C’mon AG Jack Conway. Stand your ground and others will follow…have faith!

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