SETTLED | States Negotiate $25 Billion Deal for Homeowners

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SETTLED | States Negotiate $25 Billion Deal for Homeowners

SETTLED | States Negotiate $25 Billion Deal for Homeowners

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.

[NEW YORK TIMES]

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One Response to “SETTLED | States Negotiate $25 Billion Deal for Homeowners”

  1. Mary Malone says:

    And to the AGs…
    From the U.S. Code Online via GPO Access
    [www.gpoaccess.gov]
    [Laws in effect as of January 3, 2007]
    [CITE: 18USC4]
    [Page 10]
    TITLE 18–CRIMES AND CRIMINAL PROCEDURE
    PART I–CRIMES
    CHAPTER 1–GENERAL PROVISIONS
    Sec. 4. Misprision of felony
    Whoever, having knowledge of the actual commission of a felony
    cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both.

    The charge carries a $250K fine and 3 year prison sentence.

    ?Publicly disgrace them as much as possible. Contact every media outlet you can, and tell them what the AGs are doing is misprision, which is a federal felony. Petition your governor for the removal of your AG for unsuitability (disability) and criminal acts while acting under color of law.

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