Unlike the states who were quickly brought off by the banks to help balance their budgets for a fraction of the profits, and worst the schemers got to walk, these private homeowners are not so generous because they want a pound of the bankers flesh. Signs of this was brooding when every major bank CEO hired prestigious criminal defense lawyers in lieu of corporate ones. Tobacco industry went thru one decade of legal hell, US Wall Street bankers involve with mortgages will face the same thing. We shall see how well the widely FR touted defense of the federal government made me do liar loans, loose track of titles, robo signing and other fraudulent practices stand up in the court of law.
I told you it was money laundering.
Will the lawsuit keep the foreclosures from happening and keep the political/regulator class debtors in their houses for a few more years without paying?
In a sane world this would sink 0bama instantly.
Long overdue. Thank Heaven for lawyers
This is a self-serving press release. Its claims are so far over the top that they reek. Is there an objective account of this lawsuit somewhere?
Back in the 60s, 70s, and 80s the banks were evil if they loaned money to nations in Central and South America when they asked for loans.
Now the banks are evil if they loan people money on homes.
I do think there are some problems folks, but this is all about destroying our banks and the confidence in them.
This is as anti-Capitalist as it gets. Who is going to supply the money for home loans, if banks, savings and loans, and unions are going to be subject to massive class action suits based on evil banks asking people to make their mortgage payments?
What the hell does the Left think this nation would be like without Wall Street, Banks, Savings and Loans, and Credit Unions?
Are we shooting for the complete destruction of our nation, or what?