Foreclosure settlement talks push ahead without California, One proposal pegs deal at around $19 billion

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Foreclosure settlement talks push ahead without California, One proposal pegs deal at around $19 billion

Foreclosure settlement talks push ahead without California, One proposal pegs deal at around $19 billion

Absolutely no respect for the AG’s who are doing their jobs. Absolutely no consideration for the valid reasons why they simply will not settle to the greatest heist in American History.

WSJ-

Bank representatives and government officials are working on a broad settlement of most state and federal foreclosure-practices investigations that could move forward without the participation of California, long considered a key to any deal, people familiar with the negotiations said.

The terms of the deal remain fluid. Banks have proposed a deal excluding California that would carry a value of $18.5 billion, though the final outcome remains uncertain, people familiar with the discussion said.

Negotiators are continuing to make a push to persuade California to join a settlement valued at $25 billion among federal officials, state attorneys general and the …

[WALL STREET JOURNAL]

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One Response to “Foreclosure settlement talks push ahead without California, One proposal pegs deal at around $19 billion”

  1. Your average Joel says:

    GARBAGE! $18-$25B

    FRAUD! Multiple ways- Affidavits, Servicing, Origination Lending, Securitization. Each loan has multiple counts of fraud! Each bank should redistribute TARP funds they received directly to their patrons and then be made to pay the $25B in damages. Then have them pay say %6.25 percent monthly from each affected loan back to Tarp.

    FRAUD!!!!! FRAUD!!!!! FRAUD!!!!

    Lest we forget that Banks AND Lawyers enlisted our courts into this treachery. Culpable? Accomplices?
    Eager to find out!

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