Senator Warren ripped a banking regulator yesterday for withholding information on how many illegal foreclosures took place during the housing crisis, and what the error rate is in the government's estimation of erroneous foreclosures.
"So I just want to make sure I get this straight. Families get pennies on the dollar in the settlement for having been the victims of illegal activities or mistakes in the banks’ activities. You now know individual cases where the banks violated the law and you’re not going to tell the homeowners or at least it’s not clear yet if you’re going to do that?"
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