Given that trades have to be processed via the settlement office it does seem puzzling as to how such huge positions can be accumulated.
Chafetz noted that House Democrats also pursued the case against Miers and Bolten in court, finally reaching a compromise settlement after Bush left office in 2009.
While the individual bank and servicer numbers seem to obfuscate what they supposedly cleared up, a spokesperson for the Office of Mortgage Settlement Oversight did say they are useful in providing some metric to measure progress.
FORBES: Mortgage Settlement: Step Aside Dimon And Moynihan, Only Ally Has Paid Its Share
The settlement ended an investigation by the office's Health Care Bureau that followed consumer complaints.
Schneiderman has said in the past that he would not sign any nationwide settlement agreement that would block his office from going after the banks in related matters.
He also posted a letter on the ZeekRewards receivership website, saying the investors, or net winners, had until May 31 to contact his office to negotiate a settlement or face possible legal action.
The seemingly boring but crucial and costly back-office functions of the clearing and settlement of trades are already crossing borders.
The U.S. Treasury Department, Justice Department, Federal Reserve and Manhattan District Attorney's Office reportedly were either negotiating a settlement with Standard Chartered or were at the very least investigating the bank's alleged misconduct.
"Neither the office of the attorney general nor the comptroller's office, agencies with knowledge of the settlement agreement and the secret payout, raised any objection to inclusion of such a confidentiality clause, " the report stated.
President Bill Clinton in his final days in office brokered negotiations that yielded a final settlement offer from former Israeli Prime Minister Ehud Barak that ceded large portions of the West Bank and Gaza to the Palestinians, but Arafat effectively rejected it.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision announced today a settlement with the 14 largest U.S. mortgage servicers including Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, and Wells Fargo.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision announced a separate settlement with 14 mortgage servicers including Bank of America, Citigoup, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, and Wells Fargo that was little more than a slap on the wrist.
FORBES: Bank Of America Expands Mortgage Help Centers Across U.S.
The Massachusetts attorney general's office in a May 1 letter to the settlement monitor cited several recurring issues with bank compliance including reviews taking more than 30 days and erroneous or contradictory notices confusing borrowers.
And a Home Office analysis of a sample of migrants eligible for settlement in 2011 shows that under current rules those in less-skilled and worse-paid jobs (nurses, care workers, cooks) were more likely to settle at the first opportunity than those in better-paid or graduate-level jobs.
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That settlement had input from staff from the attorney general's office and the comptroller's office, although Attorney General Eric Schneiderman and Comptroller Thomas DiNapoli, both Democrats, said they never knew of the issue or three drafts of the settlement that were circulated to lawyers in their offices.
But both reports also cited failures and mistakes by Silver and his top staffers in a settlement that was reviewed by staffers from the Attorney General's Office and state Comptroller's Office.
According to the Ministry of Defence's own database - some of which has been made public under freedom of information - and according to the government's own mapping, the fire station, the police station and the security office are all outside the officially designated boundaries of the settlement, on privately-owned Palestinian land.
"Government-authorised piracy would undermine chances for a settlement, " said a spokeswoman for the US Trade Representative's office.
However, investigations into the bank by other authorities including the Department of Justice and the Office of Foreign Assets Control continue, and "this lone settlement does not draw a line through the matter, " Symonds said.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision have spent the past few days completing the settlement, and the good news for homeowners is that the 14 servicers have agreed to pay back homeowners for losses from foreclosures or loans that were mishandled.
FORBES: Banks Settle, Will Pay Back Homeowners For Faulty Foreclosures
The memorial foundation, which plans to build a statue and memorial to disabled veterans on Capitol Hill near the Rayburn House Office Building, stopped using Quadriga in 2008, five months before the settlement agreement was reached.
On 13 October 2010, Cabinet Office Minister Francis Maude said there was a "serious prospect" of reaching a negotiated settlement after five out of six civil service unions provisionally agreed reforms to the "unaffordable and unfair" redundancy scheme which is currently in place.
Schneiderman's office said it was not asked to serve as counsel to the Assembly or to approve the settlement, providing only a limited response to an informal inquiry and a model settlement document that contained no confidentiality clause.
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