Economy
Related: About this forumWhat’s Inside the $25 Billion Mortgage Settlement: An Early Look
If you click on each underlined heading of the article, a PDF opens.
I would be very interested in how y'all see this.
(Thanks to Ms. Smiler for the heads up on this)
"Federal and state officials havent made public the $25 billion settlement agreement that they reached with five large banks. As the Journal noted, the exact wording was still being finalized even as officials announced the deal on Thursday morning.
Officials said the final agreement would be made public once its filed in the U.S. District Court in Washington, D.C., but that might not happen for a few weeks. Until then, here are some of the recent drafts of the settlement. The settlement includes several different components, some of which officials could release before the agreement is submitted to court.
The draft documents obtained by the Journal show the many moving pieces that were the product of more than one year of discussions. As indicated, the documents are draft copies that were issued on Jan. 19, just as state attorneys general were briefed on the deal. Its not clear how much the terms have changed since these drafts were written:"
http://blogs.wsj.com/developments/2012/02/13/whats-inside-the-25-billion-mortgage-settlement-an-early-look/
ms.smiler
(551 posts)Housing Agency's Reserves at Risk
http://online.wsj.com/article/SB10001424052970204795304577221222265037002.html?mod
FHA officials said they could collect as much as $1 billion from last week's settlement between federal agencies, 49 state attorneys general, and five banks as a result of false claims submitted to the agency.
ms.smiler
(551 posts)Please Google the headline to access the article unless you are a subscriber.
http://www.ft.com/cms/s/0/29834f52-582b-11e1-bf61-00144feabdc0.html#ixzz1mc5Ab9Uz
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dixiegrrrrl
(60,010 posts)So not only are the banks allowed to get away with robbery, they are encouraged to pillage once again.
How can ANYONE not realize the entire system is totally corrupt?