http://www.bloomberg.com/news/2010-10-28/wells-fargo-emerges-as-target-role-model-in-foreclosure-probe.html
Arizona your Attorney General is a sellout, rather than fight for living up to the letter of the law, he will allow a once again "No Fault" fine.
What does a "No Fault" fine do, rather than being tried for the crime committed?
It allows companies like Halliburton, to go on using flawed cement to created the biggest environmental disaster of all times.
These corporations know what they are doing and it's about time they were held legally as well as morally responsible for the death and destruction that they leave in their wake.
Ohio’s attorney general today criticized the bank’s plan to submit supplemental affidavits to courts in about 55,000 foreclosure proceedings after it found some statements “did not strictly adhere to the required procedures.” At the same time, Arizona’s top state lawyer held up Wells Fargo’s Oct. 6 agreement on loan modification procedures as a model remedy for a 50-state foreclosure probe.
“These people think they can play by a different set of rules,” Ohio Attorney General Richard Cordray said in an interview today on Bloomberg Television’s “InBusiness with Margaret Brennan.” “It’s not just individuals who signed flawed affidavits. It’s a business model designed on fraud.”
Wells Fargo agreed to pay $24 million to eight states, including Arizona, and make more than $772 million in loan modifications to resolve allegations that companies it acquired deceptively marketed adjustable-rate mortgage loans.
No Wrongdoing
According to the agreement, Wells Fargo admitted no wrongdoing and never originated or marketed pick-a-payment mortgage loans.
