Subject: Re: Kentucky Attorney General Backs New York's Schneiderman InNational Foreclosure Settlement Talks
From: "Alexander Snyder-Mackler" <[email-masked]>
To: <[email-masked]>
Date: Fri, 23 Sep 2011 09:25:06 -0400

Absolutely, positively, 100% correct (though sometimes I wish the staff was
better at encouragement/follow-through, but such is life). Hope travel is
going well.

On Fri, Sep 23, 2011 at 3:46 AM, <[email-masked]> wrote:

> ** Agreed- its all good. I don't think its BB's people- its BB. In my
> opinion he needs to either own this or not. No percentage in being perceived
> as a leader by insiders and a bystander by voters.
>
> Sent from my Verizon Wireless BlackBerry
> ------------------------------
> *From: * Alexander Snyder-Mackler <[email-masked]>
> *Date: *Thu, 22 Sep 2011 13:09:46 -0400
> *To: *Eric Schwerin<[email-masked]>
> *Cc: *Hunter Biden<[email-masked]>
> *Subject: *Re: Kentucky Attorney General Backs New York's Schneiderman In
> National Foreclosure Settlement Talks
>
> I need to get an update on the oped he and Eric wrote -- it was supposed to
> be in the NYT, but last I heard they were dragging feet. Beau (and this may
> have changed) agreed to do a day in NYC off of that, and take up some
> longstanding invites at places like MSNBC and the Times. But the oped was
> supposed to be what he used as his jumping-off point. Admittedly, I've been
> out of it, so I may be behind. I'm gonna track it down once CrimLaw class is
> over. Also, many of the prior articles have had a "Schneiderman and Biden"
> tack. So it ain't all bad.
>
> On Thu, Sep 22, 2011 at 1:06 PM, Eric Schwerin <
> [email-masked]> wrote:
>
>> Agreed - I thought that didn't come across in the article either.
>>
>>
>>
>>
>> Eric D. Schwerin****
>> Rosemont Seneca Partners, LLC****
>> ****1010 Wisconsin Ave., NW********
>> ****Suite** 705******
>> ****Washington**, **DC** **20007********
>> (202) 333-1880****
>> [email-masked]****
>> *P** **Consider the environment before printing this email.*
>>
>> On Sep 22, 2011, at 1:03 PM, Hunter Biden wrote:
>>
>> We need to make it more clear that Beau is a co-pilot and not just another
>> AG jumping on the bandwagon.
>>
>> RHB
>> 202.333.1880
>>
>> On Sep 22, 2011, at 6:15 PM, Alexander Snyder-Mackler <
>> [email-masked]> wrote:
>>
>> CA, KY, MN, NV...they're all jumping on the bus that Beau and Eric are
>> driving
>>
>> On Thu, Sep 22, 2011 at 11:05 AM, Eric Schwerin <<[email-masked]>
>> [email-masked]> wrote:
>>
>>>
>>> <http://www.huffingtonpost.com/2011/09/22/kentucky-jack-conway-eric-schneiderman-foreclosure_n_975634.html>
>>> http://www.huffingtonpost.com/2011/09/22/kentucky-jack-conway-eric-schneiderman-foreclosure_n_975634.html
>>>
>>> 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."
>>>
>>> All 50 state attorneys general, along with a group of federal agencies,
>>> launched an investigation into banks' foreclosure practices after it emerged
>>> last autumn that mortgage companies employed so-called "robo-signers," who
>>> approved thousands of foreclosure documents without reading them. Some banks
>>> temporarily halted foreclosures, saying they would review documents for
>>> errors, as criticism mounted.
>>>
>>> Talks to settle the civil allegations seemed to be reaching a conclusion
>>> over the summer. But some government officials, including recent Obama
>>> Administration adviser Elizabeth Warren<http://www.huffingtonpost.com/2011/07/15/elizabeth-warren-foreclosure-investigation_n_899659.html>,
>>> questioned the sufficiency of the investigation into the ways banks dealt
>>> with homeowners.
>>>
>>> The banks, which include Bank of America, JPMorgan Chase, Citigroup,
>>> Wells Fargo and Ally Financial, seem eager for a resolution to the talks
>>> that have contributed to investors' anxiety over the institutions' financial
>>> health. A legal penalty for the banks could reach $20 billion, The
>>> Huffington Post<http://www.huffingtonpost.com/2011/06/06/foreclosure-fraud-20-billion_n_872207.html>reported in June.
>>>
>>> But consumer advocates are not united in the belief that the
>>> investigation has been inadequate. Some progressive law enforcers and other
>>> attorneys say the investigation -- which has been largely shielded from the
>>> public view -- is grounds enough for a deal that could give immediate relief
>>> to homeowners, by setting rules for mortgage practices and potentially
>>> offering monetary assistance.
>>>
>>> "We all agree that banks have behaved abominably and they must be held
>>> accountable. It's my strong belief that the multi-state AG effort is
>>> attempting to do exactly that," said attorney Ira Rheingold, executive
>>> director of the National Association of Consumer Advocates, in an email. The
>>> attorneys general, he added, "have done a significant
>>> investigation/examination of serious servicer misbehavior in the foreclosure
>>> and loan modification processes and I believe that the fair resolution of
>>> their negotiations offers the best hope for immediate relief for consumers
>>> faced with the possible loss of their homes."
>>>
>>> A spokeswoman for Iowa Attorney General Tom Miller, who is leading the
>>> investigation, did not immediately respond to a request for comment. Earlier
>>> this month, when Minnesota Attorney General Lori Swanson<http://www.huffingtonpost.com/2011/09/13/minnesota-attorney-general-lori-swanson_n_960139.html>raised concerns about the adequacy of the investigation, a spokesman for
>>> Miller said in an emailed statement: "We share a lot of common ground with
>>> Attorney General Swanson and we appreciate her input."
>>>
>>> Miller removed New York's Schneiderman from the so-called executive
>>> committee of attorneys general last month, as divisions emerged among state
>>> law enforcers. Schneiderman, who has expressed skepticism about the national
>>> investigation, has advocated for a narrow settlement, as he pursues his own
>>> investigations into the banks' behavior.
>>>
>>> Attorneys general from Delaware and Massachusetts have also questioned
>>> the thoroughness of the national investigation.
>>>
>>>   FOLLOW HUFFPOST BUSINESS
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>>>   Subscribe to the HuffPost Money newsletter<http://www.huffingtonpost.com/money/signup.html?source=bottom>!
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> Eric D. Schwerin****
>>> Rosemont Seneca Partners, LLC****
>>> ****1010 Wisconsin Ave., NW********
>>> ****Suite** 705******
>>> ****Washington**, **DC** **20007********
>>> (202) 333-1880****
>>> [email-masked]****
>>> *P** **Consider the environment before printing this email.*
>>>
>>>
>>
>>
>> --
>>
>> Alexander Snyder-Mackler
>> (302) 598-8678
>>
>>
>>
>
>
> --
>
> Alexander Snyder-Mackler
> (302) 598-8678
>

-- 

Alexander Snyder-Mackler
(302) 598-867