View Full Version : systemic and widespread mortgage fraud

02-10-2012, 05:18 AM
Just in.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">National Mortgage Settlement: States, Big Banks Reach $25 Billion Deal

The U.S. government announced Thursday a $25 billion settlement with <span style='font-size: 17pt'>five of the nation's largest banks over charges of systemic and widespread mortgage<u> fraud</u>,</span> in what is being billed as the largest-ever deal on such charges. </div></div>


Although I am glad that its finally official that the banks have been proved to have broken the law and defrauded people,the 25 B is peanuts.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Though the deal does offer some money -- up to $2,000 -- for those who lost their homes during the housing bust, its primary thrust is forward-looking, offering partial loan forgiveness or "principal reduction," to struggling homeowners. More details on the agreement can be found at this government website. </div></div>

Wow. You get stiffed by the bank, lose your house, aquire a huge debt etc and you get 2 Gs compensation. Wow! That wouldn't even pay for a GS exec,s business lunch !

The only good thing about it is that the banks can still be sued.


02-10-2012, 05:33 AM
What was the underlying problem?

02-10-2012, 06:29 AM
Do you know that your resemble a 4 year old in the car saying, "what's that, what's that, what's that............


<span style='font-size: 20pt'>Got something to say, say it</span>.

Stop trying to be smart, its not working.


02-10-2012, 04:07 PM
And they are only paying with gov money handed to them by the gov anyhow.
The bastards shood be in jail.

02-11-2012, 02:24 AM
Nobody thought that you knew the answer.