being produced in guam and the philippines then being e-mailed or shipped overnight being submitted in courtrooms across the country. reporter: two major banks, citigroup and gmac say they no longer use that law firm. they re intoxicated with power and it s the wild west. reporter: the same banks that sloppily sold billions in mortgages have pushed through foreclosures just as quickly and some just as recklessly. why haven t the banks hired experienced workers to deal with this? foreclosures aren t a moneymaker. you aren t making any more money. now they re finding out they really should have because it s going to end up costing them more money for having done this in such a shoddy way in the first place. reporter: now we are left with a housing market at a stand still on both sides. homeowners in limbo. home buyers are in limbo too. look at one zip code in florida, the foreclosed homes for sale, but now on hold. along with the recovery in neighbors across this country. if ev
different states are looking into whether faulty procedures were used to evict homeowners. a process called robo signing where countries approved documents without confirming their accuraciy. this is what got us in the problem in the first place. it comes as the new york times reports bankers ignored signs of trouble with foreclosures, specifically they sight examples of citigroup and gmac where paper work was outsourced to frazled workers. and employees processed paper work so quickly they barely had time to see what they were signing. according to the times , mortgage bank erps so inexperienced they were criticized as burger king kids. all right. the man who became famous for being on the wrong end of a dick cheney hunting shot is speaking out this morning in today s the washington post.
alleged foreclosure fraud scandal and joins us now. attorney general, so you just want all this all these would-be foreclosures stopped and analyzed first and levees handed out and fines handed out to those guilty parties. no, i ve not asked for a freeze on all foreclosures. what we have said is we don t see how a court can enter foreclosure orders in any case where the evidence submitted was fraudulent. i don t think anybody could dispute that. that s not appropriate. what we don t know is what the extent of the fraudulent evidence was. gmac has said there s tens of thousands of cases which this individual submitted affidavits sworn to evidence that he didn t know anything about and others were engaged in the same practice. we re trying to get to the bottom of this to understand how widespread it is. we think those foreclosures should be stopped while we sort out what is really a mess and all other foreclosures that are proper should go forward and need to do so. right, you re s
moderator tom brokaw told brown some would consider the slur against whitman as bad as using the n word. i don t agree with that comparison, number one. number two, this is a 5-week-old private conversation. whoa! picked up on a cell phone with a garbled transmission. it s unfortunate. i m sorry it happened. i apologize. so jerry, it s not just me. it s the people of california who deserve better than slurs and personal attacks. jerry brown currently holds about a five point lead over whitman in the polls but the latest poll was taken before that voicemail went public so stand by. all right. today, more than three dozen state attorneys are expected to announce an investigation into faulty foreclosures across the country. the mortgage mess came to light last month when it was discovered that gmac document processor signed thousands of foreclosure affidavits without verifying their contents. the ohio attorney general was the first state attorney general to file a complaint ov
cooperating with the investigation. gmac allied bank say it s responding accordingly to each state. thanks. you re watching along with us, i m guessing at the lower right-hand corner of your screen as the wife of the 30th miner, raul bustos is about to be pulled from the mine. we think we re a couple of minutes away and actually, this is the activity that usually tells us they re about a minute or so away. so as they bring up the 30th miner, a father of two who came to the mine after he lost his job in a shipyard, that rescue capsule arrives on the bottom a few minutes ago, the climb is on and then the capsule started rising in a process that s been repeated so many times today. that was the reaction at the mine as families gathered there and watched the moments of the first rescue nearly 21 hours ago. of course, people around the world are monitoring this situation in chile and among those watching, nasa scientists.