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Holder on MSNBC now announcing foreclosure settlement (Original Post)
highplainsdem
Feb 2012
OP
$2,000 per instance of fraud. People get in more trouble for unpaid parking tickets.
kenny blankenship
Feb 2012
#9
Jackpine Radical
(45,274 posts)1. So, how many of the criminals are going to jail?
How many of the victims will be made whole in the settlement?
shraby
(21,946 posts)2. Why is Holder announcing it?
pscot
(21,024 posts)5. Because he's a complete tool?
FarLeftFist
(6,161 posts)4. For banks, this is worse than jail.
Owlet
(1,248 posts)7. How so? (eom)
kenny blankenship
(15,689 posts)9. $2,000 per instance of fraud. People get in more trouble for unpaid parking tickets.
Suck it up America, you voted for this!
KansDem
(28,498 posts)3. I'll bet the bankers are watching...and smiling
Pop the champagne, fellows...nobody's going to jail!
But, get caught smoking a doobie and you're in prison!!!
tridim
(45,358 posts)6. Not true. From the other thread..
The deal protects banks from state and federal lawsuits pertaining to some foreclosure fraud abuses, including robo-signing. However, Schneidermanns lawsuit against three big banks for allegedly fraudulent use of a mortgage database will go forward. In addition, individual homeowners retain private rights of action to sue over foreclosure fraud and other abuses.
JNelson6563
(28,151 posts)8. sure. Just take all the fun out of it.
emulatorloo
(44,182 posts)10. Lol