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HISTORIC! 50 states were suing 8 mortgage banks and they won today!

 
Pleeb
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User ID: 1521409
United States
02/09/2012 11:47 AM
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HISTORIC! 50 states were suing 8 mortgage banks and they won today!
Five major mortgage servicers agreed to a $26 billion settlement with state and federal officials in a deal that is being called historic, but which critics are likely to say doesnít go far enough.

The deal could grow to $30 billion if nine more servicers sign on, and itís expected to cover almost all 50 states, a White House official said Thursday.

The settlement would be the biggest involving a single industry since a 1998 multistate tobacco deal.


[link to tucsoncitizen.com]
humanitech
User ID: 9485243
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02/09/2012 11:50 AM
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Re: HISTORIC! 50 states were suing 8 mortgage banks and they won today!
Five major mortgage servicers agreed to a $26 billion settlement with state and federal officials in a deal that is being called historic, but which critics are likely to say doesnít go far enough.

The deal could grow to $30 billion if nine more servicers sign on, and itís expected to cover almost all 50 states, a White House official said Thursday.

The settlement would be the biggest involving a single industry since a 1998 multistate tobacco deal.


[link to tucsoncitizen.com]
 Quoting: Pleeb


Yes, but where will the banks get the money to pay from..yep the FED and therefore the public again...quantitive easing works forever for the bank cartels - always at our expense of course.
Pleeb  (OP)

User ID: 1521409
United States
02/09/2012 03:33 PM
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Re: HISTORIC! 50 states were suing 8 mortgage banks and they won today!
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