CureZone   Log On   Join
Boycott The Big Three Banks that just got a get-out-of jail card from the Obama Administration
 
Knave Dave Views: 1,503
Published: 12 y
 

Boycott The Big Three Banks that just got a get-out-of jail card from the Obama Administration


All the attorneys general of all the states in the United States and the Obama administration just settled their class-action case against Bank of America (BofA, the worst offender), Wells Fargo, and JP Morgan Chase, et. al., for illegal foreclosures of homes. These banks misfiled hundreds of thousands of home titles so that owners could not prove ownership; they filed hundreds of thousands of foreclosures using forged signatures; they confess to not even reading many of their own foreclosure documents to make sure they were accurate; the courts held they were guilty of this, and then charged them a MAXIMUM of $2,000 to be pain in remuneration to each homeowner whose home they illegally processed into foreclosure. The banks pay the equivalent of one month's average mortgage payment back to the owners, but APPARENTLY get to keep all the money they made from reselling the house as a foreclosure. What a sweet bailout to the banks, provided by those they illegally foreclosed on:

http://thegreatrecession.info/blog/2012/02/mortgage-foreclosure-fraud-settlem...


Since this is what the Obama administrations and all fifty state attorneys general consider a fair settlement for the banks, the people of this country need to end these bailouts and this crony government practice with an end-run of their own: DRAW THEIR MONEY OUT OF THE BIG THREE mentioned above and put it in a smaller local bank. In just a few days, these banks could be brought to their knees if this information got out and IF people took action, and the government would know they cannot take lightly the anger of the American citizenry over fraudulent greedy banking practices.

--Knave Dave
 

 
Printer-friendly version of this page Email this message to a friend
Alert Moderators
Report Spam or bad message  Alert Moderators on This GOOD Message

This Forum message belongs to a larger discussion thread. See the complete thread below. You can reply to this message!


 

Donate to CureZone


CureZone Newsletter is distributed in partnership with https://www.netatlantic.com


Contact Us - Advertise - Stats

Copyright 1999 - 2024  www.curezone.org

0.281 sec, (1)