US to require banks to pay $25bn in fines over faulty home foreclosures
Thursday, February 16th, 2012 at
1:39 am
Al Jazeera’s Patty Culhane reports from Washington DC.
Duration : 0:3:53
Tagged with: americasnews • banks • Barack Obama • foreclosure • obama • patty culhane • youtube
Filed under: Foreclosures
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26 Billion is what …
26 Billion is what these bankers make in the time it takes to wipe their with silk every morning.
People will be “compensated” with money too late to? buy a new house that is too expensive with money that has NO REAL VALUE. Obama saves the day again…
Wait until you see …
Wait until you see the real debts that amount to more money than this earth has.. The monetary system is about to collapse. It is? time to remember why you visit this earth as this plane is the masters training ground and illusion is the master teacher. What is real? We are all one.
It’s a good start.. …
It’s a good start… ? Let’s see where the bank investigion results goes.
If? it hadn’t been …
If? it hadn’t been for Occupy Wall Street, Obama wouldn’t even be trying to appease voters.
Even for a staged …
Even for a staged effort to calm people, the penalty is shameful and? insulting.
Not good? enough!
Not good? enough!
Yeah. The banks are …
Yeah. The banks are going to give out money to people. Just drop in and get your money. LOL
The banks aren’t going to do for the 1 Miilion people that have not yet defaulted, as those people are out of work!!!
As for the 2 MILLION defaulted loans that have not yet been processed as FORECLOSED, there’s no recession. There’s a Depression, and what you have seen is a fraction of? what is coming. It’s going to be biblical.
I wonder who will …
I wonder who will over see this process.
I wonder when the people who were unjustly lead to believe that realestate was worth the value of what the mortgage company expected to collect based on how they would sell derivatives to other countries?
The right thing to do? is to assess the value of the property and put the loans at rates that will keep the person in their home now all things considered, including those who lost their income based on the businesses.
Does $1800 sound …
Does $1800 sound like much when you’ve lost your home? NOT? !!!
Obama is bought and paid for.
Big deal, …
Big deal, Obama.?
$25 billion fine …
$25 billion fine for banks is? like slap on the wrist… What a joke…
@arscill1 My? …
@arscill1 My? comment went right over your head. I was not using “gay” in the context you think. I knew this was going to happen….
pffffft and nobodys …
pffffft and nobodys in jail.?
But still no laws …
But still no laws to protect you from this happening again…
And i doubt everyone will be compensated!
NOBUMA should have done this the first day he got elected, not in his last days of being president! that? nigger, he needs to be hung from his neck!!
What a? joke!
What a? joke!
…..But this …
…..But this should just be the start….The people who put these practices in action need to be in? prison not getting bonuses….
drop in the bucket …
drop in the bucket for these rapers!
and satoro? is completely puppeted by these money laundering, drug dealing, worthless scumbags!
kids, if you wanna sleep at night learn a trade, stay away from theses fascist warmongers and their whores!!!!!!
@flyingfishdreams …
@flyingfishdreams With the Euro crisis we might? have just that. If only the fed could be stopped creating and sneaking these criminals more money to keep them afloat.
we should have let …
we should have let the banksters fall and start all over, fresh.?
who receives the …
who receives the billions in fines? ? the goverment ? getting rich off the criminal activity ? who still won’t modify bad loans !
still a step in the …
still a step in the right direction.. however this will? help curb future lending malpractices…
@Ninyth Oi!!! At …
@Ninyth Oi!!! At least try to keep things in perspective. What does gays and Earth have to do with this? I’m sure every American guy who caused this in the first place are perfectly straight and this is a local story. If you stop panicking and try to? actually understand, you’ll see that it all boils down to problems that can be solved.
7 people like …
7 people like bending over? and taking it.
Give them? 700 …
Give them? 700 billion ostensibly; actual amount is closer to 7 trillion. Then slap their? wrist by asking? back 25 billion back. What… the fuck.