U.S. banks to pay $8.5 billion to end foreclosure reviews

Comments (7)
Mott wrote:

Excellent example on much needed compliance on accountability.

Keep up the good work.

Jan 07, 2013 11:22am EST  --  Report as abuse
americanguy wrote:

Isn’t it amazing how things change when you kick a Republican out of the White House? So the banks, Wall Street, and Corporations are no longer ruling America? Looks like Americans actually have some control now of what goes on. Not a lot, but at least some.

Jan 07, 2013 11:37am EST  --  Report as abuse
hginandon wrote:

Where do all these Billions go? Banks pay fines, penalties, make settlements with the government…During the past 2 years we read about billions here for money laundering, billions there for hiding money from US taxes, billions for mortgage abuses. Are these fines being paid? To Whom? If you add all the fines up, the US should have a balanced budget by now! Or, is it just media hype to satisfy the citizens…

Jan 07, 2013 11:37am EST  --  Report as abuse
cheezzy wrote:

So, the banks are going to modify and forgive loans. Are these the loans the banks have on their balance sheets or are they the loans pension funds hold? If pension funds, I can see why they would be alright to modify/forgive the loan. The pension fund takes the loss.

Jan 07, 2013 11:50am EST  --  Report as abuse

In the past perks for government or its officials where called bribes.
At present they are called (extrajudicial) agreements.
None of the cases connected with US financial crisis (caused by US political crisis) ever end in court.

Jan 07, 2013 12:38pm EST  --  Report as abuse
deerecub1977 wrote:

“We the willing, led by the unknowing, are doing the impossible for the ungrateful. We have done so much, with so little, for so long, we are now qualified to do anything, with nothing.”

Jan 07, 2013 3:21pm EST  --  Report as abuse
AlkalineState wrote:

20 billion in settlement payouts this week when you add in B of A.

We’re all rational people here. Do the world’s largest banks pay out 20 billion in settlements because they’re just being really nice…. or did they do some really shady stuff they want gone. If you had to play the odds, which would you guess is the more probable case.

Jan 07, 2013 3:59pm EST  --  Report as abuse
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