| The Great Real Estate Swindle All things related to the housing debacle including sub-prime lending practices, foreclosure fraud, MERS, REMICS and banking and political malfeasance. |
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02-07-2012, 06:58 AM
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#1
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Dismember
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Forty States Sign On to Foreclosure ‘Robo’ Settlement
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* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
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02-08-2012, 10:25 PM
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#2
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Senior Level 6
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And the rest of the holdouts obediently followed.
Laws? What laws?
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The Following User Says Thank You to leistb For This Useful Post:
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02-10-2012, 01:55 PM
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#3
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Senior Level 3
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Now this will stimulate ya!
So $26 billion dollar Mortgage fraud settlement, lets review shall we:
The following is a list of loan recipients that was taken directly from page 131 of the GAO audit report….
Citigroup (NYSE:C) – $2.513 trillion
Morgan Stanley (NYSE:MS) - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America (NYSE:BAC) – $1.344 trillion
Barclays PLC (NYSE:BCS) – $868 billion
Bear Sterns – $853 billion
Goldman Sachs (NYSE:GS) – $814 billion
Royal Bank of Scotland (NYSE:RBS) – $541 billion
JP Morgan Chase (NYSE:JPM) – $391 billion
Deutsche Bank (NYSE B) - $354 billion
UBS (NYSE:UBS) – $287 billion
Credit Suisse (NYSE:CS) – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo (NYSE:WFC) – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
http://www.scribd.com/doc/60553686/G...n#outer_page_1
by Federalreservenote @ marketwatch
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02-10-2012, 01:57 PM
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#4
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Denizen of the Gold Fields
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The settlement is more trivial than a "slap on the wrist." More like a mite-bite on an elephants ass..,
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02-10-2012, 04:59 PM
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#5
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Senior Level 6
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Quote:
Originally Posted by Auburn Boy
The settlement is more trivial than a "slap on the wrist." More like a mite-bite on an elephants ass..,
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How about a kick to the nuts of the taxpayer who were idiots and obeyed the laws and followed the rules?
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02-10-2012, 06:26 PM
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#6
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Senior Level 3
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Location: East TN
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Quote:
Originally Posted by leistb
How about a kick to the nuts of the taxpayer who were idiots and obeyed the laws and followed the rules?
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+1
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"I think the most un-American thing you can say is, 'You can't say that.'” Garrison Keillor
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02-10-2012, 06:42 PM
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#7
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Senior Level 5
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Location: Sammamish Plateau, WA
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Quote:
Originally Posted by leistb
How about a kick to the nuts of the taxpayer who were idiots and obeyed the laws and followed the rules?
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I agree. We might've waited for a higher offer on our house if we'd known that the banks were going to simply let everyone refi at lower rates regardless of equity. This is complete BS, and makes persons like my wife and I, who followed the rules and did the "right" thing, feel like jackasses. Huge kick in the scrotum indeed.
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