Of course they lied; they all do and nothing...nothing is going to happen. Thank you for bringing this up and thanks for the link. R

I'm glad something is being done, but this current "Agreement" is a joke. The banks and financial institutions made money hand over fist in this debacle. They literally robbed people of their homes without cause, they then packaged and sold mortgages like stock, selling them as CDO's (Consolidated Debt Objects) to investors, assuring them they were solid and potentially quite lucrative objects, all the while shorting their interests in the same CDOs (can you say felony conflict of interest?) knowing they were going to fail, because the banks doing this knew they were essentially insolvent.

The agreement to provide homeowners currently in crisis amounts to 2% of the entire homeowner market. Two Percent! it does nothing but slap previously fraudulently foreclosed upon homeowners in the face by tossing them an approximate $2,000.00 check their way. Sort of a "Fuck you very much for your house, which we already resold, sucks to be you," consolation prize.

While it doesn't provide a release preventing said fucked over illegally foreclosed homeowners, I wonder exactly how vigorous the prosecution will be on a case-by-case basis of a single homeowner suing a bank? $2,000.00 in most cases won't even cover a retainer for an attorney -- and definitely not for a good one.

These are the sorts of things that make me go, "GRRRRR!!"

I didn't expect it to be different, but I had hoped that perhaps the State Attornies General, along with the US Attorney General, Congress and the President could actually, I don't know, Stick Up for the American People for once in such a disastrously fucked up situation.

It only proves one thing, in my view: They all need to be replaced.

Democracy 2.0: Or replace them all. (Shameless plug for a post in my blog, but read it -- it's worth considering as a potential Occupy Plan.)

"GRRRRR!!" --R--

I think it's safe to assume that whenever Obama releases a statement about anything the exact opposite is true. For example about the need for "humanitarian assistance" in Syria. Yeah right, if we really want to help the Syrian people we need to stop arming and training militant Islamists to bring down the Assad government. This is what my next post is about (it's syndicated from somewhere else, so it may take awhile for it to appear on OS).

I understood the comments more than the fucking contract. Bloodsuckers!

The lesson here in one I learned in high school gym class: Never drop the soap in the shower.

As I understand it the AG settlement doesn't do much except establish president in court. Class Action and individual suits and settlements will continue. My real problem with this whole mess is that so far, nobody's gone to jail behind this fraud...

OMoM