Government: Our Way or Pay $20 Billion
admin2011-02-24T09:43:47-07:00February 24, 2011 (Chris Moore) In what some might misconstrue as blackmail, the Wall Street Journal is reporting that the Obama Administration is trying to push through a settlement over mortgage-servicing breakdowns that would force America’s largest banks to pay for principal writedowns in mortgage loans or face penalties of over $20 billion. Read more...