Tuesday, September 21, 2021

I have opined on here that Benjamin Lawsky has been attempting to shake down Ocwen even before it was en vogue and long before the rest of the Drive By Media like HousingWire. Dick Kovacevich, former Wells Fargo chairman and CEO, was quoted over on CNBC stating that the $16.65 Billion Dollar Bank of America Settlement is basically extortion. In some ways, I agree with that. More on point, though, I subscribe to Kovacevich's question about why the Companies are forced to pay these fines --- extortion --- and why those individuals personally responsible for that which happened are not

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