90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Friday, December 2, 2011

Massachusetts Sues Banks For Deceptive Foreclosures

Attorney General Martha Coakley at a Boston news conference Thursday (AP)

The CEO of one of the five financial firms sued Thursday by Massachusetts for illegal and deceptive foreclosure practices is saying he’s disappointed by the lawsuit.

John Stumpf, of Wells Fargo, told CNBC that his firm had been negotiating with other state attorneys general to reach an agreement on home foreclosures.

But Massachusetts Attorney General Martha Coakley said that it was time to launch the first major legal action against Wells Fargo, Bank of America, JP Morgan Chase, Citigroup and GMAC. She said it’s been more than a year since states began investigating deceptive and sloppy foreclosure practices by banks.

“They’ve had more than a year to show they’ve understood their role, and the need to show their accountability for this economic mess,” Coakley said. “And they’ve failed to do so. That’s why we are filing suit.”

Guest:

  • David McLaughlin, reporter for Bloomberg News

Please follow our community rules when engaging in comment discussion on this site.
  • Dave Decoteau

    why was my comment on mitt romney pulled so quickly?? there’s nothing i say that i can’t back-up!!

  • Guest

    How about a link to the court filing by Coakley? Come on, you’re a news organization.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

July 30 Comment

As War And Conflicts Proliferate, Children Become Unwary Victims And Targets

Kids have always suffered during war and crisis, but there's a sense the burden of instability is being increasingly borne by children.

July 30 3 Comments

California Drought: A Central Valley Farmer’s Experience

Last month was the hottest June on Earth since records began in 1880, making the West Coast drought even harder for farmers.

July 29 13 Comments

U.S. ‘Border Crisis’ In A Global Context

Bill Frelick of Human Rights Watch says what the U.S. is seeing is dwarfed by the massive flow of refugees into other countries, such as Italy.

July 29 4 Comments

Iraq War Vet Returns To A Broken Country

Roy Scranton says what he found in Baghdad "shows the evidence of the truth of what we'd actually done."