Bank of America Uses Attack Dog to Smear NY AG Schneiderman
So having figured out that the Feds cannot come riding to the rescue with another back-door bailout, Bank of America has settled on Plan B. They’ve decided to smear the AGs who are doing their job.
And they’re doing it in a very roundabout way. They’ve trotted out Kathryn Wylde, the President of the Partnership for New York City, to attack Eric Schneiderman for his intervention in the Bank of America settlement with investors over mortgage backed securities. Wylde is going to bat for BofA as well as the Bank of New York Mellon, the trustee for the MBS in the settlement. And she is actually arguing that Schneiderman, by defending the rights of investors and seeking the truth on out and out securitization fraud, is threatening the existence of the financial sector in New York City. No, really.
A BNY Mellon spokesman told me the bank didn’t want to comment on the broader implications of the AG’s filing, but directed me to Kathryn Wylde, CEO of the Partnership for New York City, a business development non-profit. She said that the AG’s “careless action” hurts New York’s standing as a financial center.
“It’s disappointing from the standpoint of the business community that the AG would make a fraud accusation against a major financial institution — in the press,” she told me. “And to not have any consultation with the institution? The bank was blindsided by what appears to be an outrageous charge.” (The AG’s press office didn’t respond to my request of comment.)
BNYM DIRECTED the reporter to Wylde, incidentally. Wylde has done this before, back in November 2009, arguing that breaking up big banks would hurt New York City. This would be outrageous enough on its own. But Wylde happens to sit on the board of directors for the New York Federal Reserve (sub. reqd.)…
There’s almost no way this is not coordinated. Wylde is pretty powerful in New York circles, I understand, and she’s raising fears of a slowdown to New York City’s main economic engine to stall regulatory oversight. The banks must continue looting, the story goes, or they’ll stop creating jobs in Manhattan. I don’t think Schneiderman is likely to fold under this attempt at pressure, especially because the evidence keeps moving in his favor, rather than the other way.
Check out David’s post in full here…
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NEED TO KNOW –
BofA Said to Consider Foreclosure Deal That Leaves Securities Probes Open
http://www.bloomberg.com/news/2011-08-16/bofa-weighs-foreclosure-deal-with-n-y-probe.html
Sounds like – since no one found anything to smear Schneiderman, best to try paying him off??? Doesn’t seem like ES is biting.
Then my question is, What do they call a Female Dog????
Go get ’em AG Schneiderman!!! they are scum…bring down their house of cards………..before they completely bankrupt America….. which is clearly their NWO plan…..to make ALL OF US go down to pay for all of their fraud….that speculated debt that these Ponzi Scheme crooks created is UNSUSTAINABLE Make Wall Street Pay!!! They are financial terrorists!!!! Freeze their overseas bankster accounts like Obama did to Khadaffi and force them to give MAINSTREET back their stolen wealth!!!!!!!……then prosecute them and throw them all in prison…..they are worse and more dangerous than a hundred bin ladens…The U.S. Government must stop this ongoing criminal enterprise and their ongoing crime spree on Wall Street and at the Federal Reserve…..This unholy alliance with the NEW WORLD ORDER and the U.S. GOVERNMENT MUST END…!!!!!!!
It didn’t bother Goldman Sachs to step up and get the 16 billion the Treasury gave them for AIG’s obligation ~ and then they got more for their share ~~ Oh yeah, and all of this while they were completing their new 2 BILLION HEADQUARTERS ~ they have so much litigation coming that they do not even put their name on this new building ~ CROOKS ~ FED RES co-owners ~ same as Citi Bank and Chase [all one and the same] ~ Rothschild’s Folly ~~
We bring our kids up not to lie, cheat or steal and then our own Government not only lies on a daily basis but does eveything in their power to cover up the largest crime spree in History with more lies and deceit. The U.S. GOVERNMENT allows the crooks who robbed us to continue to rob us with impunity……and steal the homes, jobs, pensions and life savings of these childrens parents….and they also want to enslave these children with debt they did not create……Our kids are thankfully never going to forget this and this will haunt this Government and these crooks for decades to come…..Bottom line they betrayed and destroyed not only our trust but the trust of the next generation and there will be a huge price they will pay for that betrayal…..There are a very many Judases in our midst….and they are all going down..
Boy Ivent did you get it right. Hope the lessons learned by this generation carry on as a vendetta for years to come. Banks and their scheming directors should be arrested, tried and if found guilty sent to jail just like small time stick-up men. Laws seem to apply only to the poor and uneducated–it has ever been thus. Banks should be small community organizations serving people statewide. International giants must be tightly controlled and regulated. The end of Glass/Stagell (ph) was the beginning of the heist of American’s wealth by international speculators. Bankers should NEVER again be trusted to “do the right thing.” It is an impossible request being made by people to real devils who wear the mask of humans while sucking the blood from people who can least defend themselves.
What a photo!
Wylde is dead wrong!
i live in NYC. the banks and their henchmen have destroyed this city , the world really.
everyday people from all walks of life have been destroyed. i don’t see the banksters hurting.
how dare she argue that that the criminal activities of the banks (ponzi securitization scheme and fraudclosure)
be allowed to continue in order to help this city remain a big center of finance.
that’s like arguing that slavery needed to continue in order to sell cotton.
Wylde is wicked.
AG Schneiderman is not afraid of exposing the truth about the banking scams.
the Fed needs to be eliminated. Wylde and her ilk can go sun themselves in the Cayman Islands, counting
their loot and complaining about the rest of us.
we are going to get our money back, wylde. count on it.
Wylde and her ilk are a cancer on the society in which she walks so arrogantly. Like any cancer they should be isolated and forced from the company of decent people. The rich Bankers are not only different but they are outside normal human interactions in their quest to take money from everyone not aware of their schemes and false utterances. Seems they own the government. When the injustice gets too much it will be like a landslide and might sweep away the good with the bad.
There should be NO SETTLEMENTS FOR THEIR FRAUD ~~~~~~~PERIOD
If Bank of America cannot pay their bills and their court expenses to defend their fraud, then they should FAIL ~ What did they do with the Billions from the TARP MONEY ~ They surely didn’t use it to help the people who had foreclosure problems, as it was originally intended to do???
They overlooked their obligations to the taxpayers in refusing to help to resolve foreclosures and INSTRUCTED THEIR BOTTOM-FEEDING COLLECTION LAWYERS TO THROW THE PEOPLE OUT ONTO THE STREETS ~~~ BUT THEY MADE A BAD CHOICE BECA– USE NOW EVERYONE KNOWS THAT THEY HAD NO LAWFUL CLAIMS TO DO SO ~ AND THEY — USED FRAUDULENT & PERJURED DOCUMENTS TO PROMOTE THEIR “FRAUD UPON THE COURTS”
LET THEIR OWNERS [THE ILLUMINATI – EUROPEAN BANKSTERS] PAY THE PRICE TAGS ~ THEN REVOKE THEIR BANKING LICENSES ~ AND AFTER ALL OF THIS PUT THE ONES WHO KNEW OF THEIR SCAMS AND SCHEMES INTO JAIL FOR A VERY LONG TIME ~~~
whats hearting the newyork financial immage is the crooked bankster defrauding the public of billions of dollars for profit