According to the terms of the deal…and it really is a deal for the banks…they get credit for walking away from the vastly unsecured portions of the fraudulent loans they made. This is so worthless because the dedicated attorneys that are not afraid to battle the banks know that when we push them hard enough, back them into a tight corner, pound away on them with discovery, pleadings and hearings, we can often negotiate a way out for our clients. Here’s how it works:
Hello Bank of Amerika, I look forward to litigating with you for the next three years! What? You will consider negotiating a settlement with my client rather than fighting me in court for the next three years? OK!
It happens all day, every day but we don’t make headlines. The AGs from all across the country are acting like this is some sort of great deal. It’s not……it’s treason. Treason because this is financial terrorism that will lead to domestic instability. At some point in time people will wake up, people will start paying attention.
Announcing the settlement, getting all the press having all the big release was brilliant propaganda. All the national press cut and pasted the bank’s press releases right onto the newspapers and Brian Williams and the national anchors and local news just read it all. But now that the terms are public, no one is bothering to read any of the details…
Americans really have become stupid, lazy, compliant and soft. The banks raped and robbed us and they continue to do it. With this agreement, they do it with the support of our government.
I beg of everyone….read the agreement, read the OIG Audit Reports…it’s really most discouraging that not a single mainstream reporter has picked up on this…but great work by Abigail Field and of course Naked Capitalism and Firedog Lake…turn off all other sources, they’re polluting your brain….