But the idea that Holder had cracked down on Chase was a carefully contrived fiction, one that has survived to this day. For starters, $4 billion of the settlement was largely an accounting falsehood, a chunk of bogus consumer relief added to make the payoff look bigger. What the public never grasped about these consumer--relief deals is that the relief is often not paid by the bank, which mostly just services the loans, but by the banks other victims, i.e., the investors in their bad mortgage securities. ERIC HOLDER, where are you? I have some questions for you.
Posted on: Fri, 07 Nov 2014 19:22:46 +0000
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