SCREWED! Banks win again with help from Obama administration.
After a year of fake tough talk on banks, Obama Administration and AGs to release banks from liability for foreclosure fraud in exchange for vague promises!
NYT-
More than two million Americans could benefit from at least $25 billion in relief from the nation’s biggest banks as part of a broad government settlement to be announced as early as Thursday, according to state and federal authorities. It is the latest effort by the government to halt the housing market’s downward slide.
Despite the billions earmarked in the accord, the aid will help a relatively small portion of the millions of borrowers who are delinquent and facing foreclosure. The success could depend in part on how effectively the program is put into effect because earlier efforts by Washington to help troubled borrowers aided far fewer than had been expected.