Last week, Attorney General Lisa Madigan asked
several banks to halt foreclosures in Illinois because of alleged
paperwork problems. If 23 mortgage loan servicers can't prove their
documentation was reliable, the Democrat wants them to do the same. "They should not be above the law," Madigan said in a statement today.
The home foreclosure crisis was upended this week by escalating probes into the banks' foreclosure paperwork. But the freezes on foreclosure proceedings and sales need to be accompanied by more principal write-downs and loan modifications by the banks, advocates say.
Sun-Times' reporters Tim Novak and Dave McKinney did the voting public a service by exposing
a loophole in Illinois' "statement of economic interest" disclosure
form that allows political candidates to hide familial relationships
with registered lobbyists. As the paper's editorial board writes, it's
crucial that the state forces lawmakers to admit publicly who in their
families could benefit from state laws.
GOP gubernatorial nominee Bill Brady is calling on
Illinois Attorney General Lisa Madigan to investigate a large campaign
contribution that Gov. Pat Quinn received from Chicago-area Teamsters
unions. Brady is highlighting the fact that the donations came shortly
before Quinn issued an amendatory veto of legislation reforming the governance of the Metropolitan Pier and Exposition Authority (known as "McPier")
-- a bill that the union opposed. Quinn responded that it is
hypocritical for Brady -- who voted in favor of legislation that
benefited his personal business -- to be calling for an investigation.