TV News LIES

Friday, Nov 21st

Last update09:56:11 PM GMT

You are here News Domestic (USA) Mass. AG: Countrywide to pay $17.3M in settlement

Mass. AG: Countrywide to pay $17.3M in settlement

E-mail Print PDF

countrywideThe Massachusetts state employees' pension fund will receive more than $11 million as part of a settlement with Countrywide Securities Corp., state Attorney General Martha Coakley said Monday.

The settlement was announced as part of Coakley's industry-wide review of residential mortgage securitization practices in Massachusetts.

The total settlement with Countrywide is $17.3 million. It includes a $6 million payment to the state.

The pension fund can also expect to receive an additional $7 million early in 2014 as a result of a $34 million settlement with JPMorgan announced by Coakley's office last month.

The settlements with Countrywide and JPMorgan are the latest in a series of six similar settlements with total payments of more than $300 million going back to 2009, according to Coakley.

They include settlements with Goldman Sachs ($60 million), Morgan Stanley ($102 million), Royal Bank of Scotland ($52 million), and Barclays Bank ($36 million).

More...


Most Recent Related Stories...


U.S. and Israeli firms selling spy gear to repressive regimes

spy gear sold by US firmsAmerican and Israeli companies are selling sophisticated surveillance equipment to some of the most despotic nations...

Legendary director Mike Nichols dies

mike nichols diesMike Nichols, esteemed director/writer/producer and husband of Diane Sawyer, has died.  ABC reports he died suddenly...

US Supreme Court refuses to block SC gay marriages

US Supreme courtThe U.S. Supreme Court has refused to block gay marriages in South Carolina.The high court on...

Anonymous takes on the Ku Klux Klan

kkkDid the hacktivist group Anonymous go too far in fighting the KKK?With a promise that "This...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!