Feb. 6 (Bloomberg) -- “States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they’ll give up.
“Both the G8 Summit and NATO Summit will take place in Chicago in May, and the Occupy movement leaders are testing the waters for a big showing in President Barack Obama’s home turf. Instead of going after Wall Street bankers, they are going after the politicians and even the military. It’s round two in the 99% vs Laissez-faire capitalism.”
“Administration officials and attorneys general are 'very close' to a settlement with major banks of the so-called robo-signing issues after about a year of negotiations, Mr. Donovan said at a conference of U.S. mayors meeting in Washington.”
“The European Central Bank said the continent’s banks parked a record $590.72 billion overnight. That means those banks are unwilling take the risk of lending to each other in the short term, opting to earn low interest rates from the ECB instead.”