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BofA CEO says foreclosure probe settlement needed

(Reuters) - Bank of America Corp (BAC.N) Chief Executive Brian Moynihan said on Tuesday a quick settlement of the 50-state attorneys general probe of the foreclosure crisis is the best solution for all involved.

"It is in everyone's best interest to get this settled and behind us," said Moynihan, speaking at the Bank of America Merrill Lynch Financial Services conference in New York.

Moynihan said the industry and lawmakers need to look at streamlining foreclosures. He said the current system is a "difficult process" for homeowners to navigate.

The largest U.S. mortgage lenders, including Bank of America, have been at the center of a public and political firestorm in recent weeks, as critics allege banks cut corners by using shoddy, improperly reviewed paperwork in foreclosures.

http://www.reuters.com/article/idUSTRE6AF30P20101116

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Willis Report, Fox Business News. "Ever heard of Rocket Docket?"

"Rocket Docket"

http://www.youtube.com/watch?v=RmPPdbbBkvo
(1 minute film)

"It's the calendar of a busy court in ... County, Florida where foreclosures are processed at the rate of one every few seconds."

This Reuters story is not helping Bank of America. Please inform Brian Moynihan, Bank of America (BAC), new Chief Executive Officer CEO, that the "Rocket Docket" has been in place since 2009. Reported by Wall Street Journal in 2009.

Feb 18, 2009. Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases ... Charlie Green, Lee County's clerk of the circuit courts, says ...

http://online.wsj.com/.../SB123491755140004565.html

"Rocket Docket" has been reported in 200K locations by Google hit men. This idiot incites speeding foreclosures? Foreclosure court trials completely sucking up homes in less than a few seconds?
Sucking up Dorothy's home in Kansas by Tornado took more than a few seconds.
-----------------------------
The all mighty took a few seconds to suck up Dorothy's Kansas home by Tornado. Does this idiot think he can do worse in less time? Worse treatment, in less time than shown in the "Wizard of Oz" film?

Who plays the characters lying under the homes when they crash down (Reuters reports as: quickly settle)? Does his idiot have millions of witches to sacrifice?

Does this idiot have more than Reuters in his pocket? Or is it the other way around? Either way this "Rocket Docket" report fits a pool hall expression, "Rockette News in the side Pocket."

"If at first you don't suck seeds, trial, trial again. Green shoots are sprouting in the belly of the Bank." - Mark Twain, 2010

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

"a quick settlement"...These banksters always like....

things done quickly. They probably are terrible lovers, but the hookers love them for their quick turn-over time and ability to pay.

too funny...

EOM

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

It is not difficult for homeowners

it is difficult for the banksters. They have to jump through a lot of legal hoops to kick people out. That is why they sidestep the proper procedures in the first place that got them in this mess.

Unfortunately, the states will sell us out just like the feds. We are being fleeced at all levels.

When do we find out the meter maids have been fleecing us too?

they will settle this and it

they will settle this and it will be a little better for the home owners, this will allow the banks to get away with fraud and look like the hero's and delay the inevitable collapse.