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View Full Version : Economics The banks make the rules to their liking...


Stewie
07-22-2011, 02:59 PM
The Banksters only need to change the law to be clear of their dastardly deeds. Of course, $25 billion of their money will continue welfare/unemployment....



States negotiating immunity for banks over foreclosures
By Scot J. Paltrow
NEW YORK | Wed Jul 20, 2011 6:24pm ED


NEW YORK (Reuters) – State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents.


A coalition of all 50 states’ attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks.

BucEyedPea
07-22-2011, 04:49 PM
I put this in the other thread since it's related to their crony connections and general fraud.

vailpass
07-22-2011, 04:51 PM
When given the chance who wouldn't make rules that beneift themselves?

Stewie
07-22-2011, 04:59 PM
When given the chance who wouldn't make rules that beneift themselves?

They are given all the chances to beneift. Screw people, pass a law. Lose trillions!, someone else pay. Perfect!

BucEyedPea
07-22-2011, 07:14 PM
When given the chance who wouldn't make rules that beneift themselves?

So you support this?