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Robosigning scandal similar to the bp oil victims fund, the administration wants sweeping overhaul of the mortgage industry it many similar to what happened when the tobacco industry settled with the government in 1998 over harmful tobacco practices that hurt medicaid patients. this would be a $20 billion fund where banks would give this money into this potentially government-run fund and the banks would modify the loan using the money in the fund. that s what we are hearing right now. megyn: as you report in a very interesting piece on foxnews.com, a citibank source says to you, but who will get these loan modifications? what are the standards? no one knows yet. ....
New information suggests victims of the u.s. mortgage crisis could see some help soon. the justice department and the banks have been working late into last week and the weekend to wrap up a deal. that has many wondering if a possible massive foreclosure settlement is in the works. maybe a check that would be cut by the banks to justice, and who would reap the benefits of it and who wouldn t. liz, this relates to the foreclosures that were signed with the robo pen. the banks were not going through all the right step to the foreclose? reporter: that s right. what we are hearing bank source, to address that issue, a $20 billion or more it could also be less a monetary relief fund for victims of the ....