Ten banks agree to pay more than $8.5B to settle foreclosure abuses, with $3.3B going to those who have already been foreclosed upon and $5.2B going to homeowners in danger of losing their homes. Compensation will range from hundreds of dollars up to $125K. Those involved include: BAC, C, JPM, MET, WFC, STI, PNC, USB. [View news story]
These Bankers (aka bookies) need to be taken to the woodshed. Seems they can play with other peoples money, and when it goes south they pan it off on the public. When it is good they keep the lions share, and thumb their nose at us. BAC should be out of bussiness period.
Ten banks agree to pay more than $8.5B to settle foreclosure abuses, with $3.3B going to those who have already been foreclosed upon and $5.2B going to homeowners in danger of losing their homes. Compensation will range from hundreds of dollars up to $125K. Those involved include: BAC, C, JPM, MET, WFC, STI, PNC, USB. [View news story]