On November 19th, the core of the Obama “Justice†Department’s “49 State Settlement,†of the millions of fraud claims by the suing mortgagees against the mega-banks who were trying to foreclose on robo-signed and other dubious mortgages, was finally announced, and it basically gave the mega-banks what they wanted: all of the money they could possibly get out of those mortgagees, and with future U.S. taxpayers furthermore absorbing the resulting losses, in the form ...
Obama's $26 Billion Foreclosure Fraud Fix Was Just A Settlement For Big Banks
Business Insider - 21 Nov 2012 23:55
On November 19th, the core of the Obama “Justice†Department’s “49 State Settlement,†of the millions of fraud claims by the suing mortgagees against the mega-banks who were trying to foreclose on robo-signed and other dubious mortgages, was finally announced, and it basically gave the mega-banks what they wanted: all of the money they could possibly get out of those mortgagees, and with future U.S. taxpayers furthermore absorbing the resulting losses, in the form ...
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