US Banks Sued
Sep 4, 2011
- Of course the timing of this has nothing to do with BO out on the campaign trail on his bus. When did the banking crisis happen? 3 years ago, and they’re getting around to it now….disgusting.
- So……First the government bails these banks out with TARP and is now sueing them? That makes a lot of sense…
- Let’s make sure that the Banks have no money to lend to anyone. Regulators at their best.
- Its like bailing out a criminal. After the trial the criminal goes to jail and you get the bail money back. That’s how it goes people. Duh.
- I don’t know why they are doing that, if they still want the banks to help the economy by lending.
- Not to mention actionable litigation damages to the US Economy… yes junior.. us little people.
we’re just gettin warmed up! - I think they are doing this so they can leverage a deal for rewriting mortgages for people that used their houses as ATMS
- If FHFA has its way I might enter S and P at 950. For all of the Bank haters…..try to get a loan.
- This country that lacks skilled scientist, engineers, math majors……etc
College is outrageously expensive and to borrow you get charged 8% interest – Wouldn’t you think a Student Loan would be 3-4%? Especially when Fed Funds is .25% - They should sue Bill Clinton for starting it all with the repeal of Glass-Seagall and the Community Investment Act
- I’d’ love to see the gov’t prosecute members of congress who pushed banks (freddie/fannie) to accept mortgages from people with no down-payment, no jobs.
- this couple of billion is actually chump change to the banks. and if necessary bernanke can print it up between drinks at his sunday back yard barbeque.
- if they think this will work in their favor with principal forgiveness they guessed wrong, folks are livid with this so this will derail any settlement with the states and nothing Obama comes up with will be agreeable to the banks and they will slow lending down even more and will increase the rate of foreclosures, banks will pay the legal fees to stall this till after next November hoping the Republicans get control of Washington and then all this goes away