US taxpayers to subsidise $40bn housing settlement-FT [Foreclosuregate] - MarketTicker Forums


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User Info	US taxpayers to subsidise $40bn housing settlement-FT in forum [Foreclosuregate]
Inez Posts: 360 Incept: 2009-07-08	Apparently a clause in the agreement allows the banks to count future loan modifications made under a 2009 HAMP program towards their restructuring obligations for the new settlement. http://www.ft.com/cms/s/29834f52-582b-11.... 2012-02-16 19:23:56 Permalink
Videopro Posts: 1898 Incept: 2007-08-03 L.A. Area	Quote: We have much stronger words for how we are feeling about this but Barofsky sums it up calmly "It turns the notion that this is about justice and accountability on its head". Are the Big Five banks truly beyond the law? This is truly end-of-empire kind of stuff. When up is down and black is white, when the system evolved by the power elite always rewards thievery with even more profit and privilege we have to seriously ask, 'at what point does continuing to allow this to stand make us complicit in destroying the future at our own hands?' Said another way, remaining silent makes us just as responsible for what will become of us. We are literally paying these fcks for the rope to hang ourselves. ---------- "The Spinning Cyclone Of Deflation Is Fueled By Deficit Spending. An efficient asset destroying storm powered by the printing press". - Me When the Nazi's broke every law when coming to power, people in later years were asked, how were they allowed to do it? The answer was easy: They Simply Did It. Last modified: 2012-02-16 23:31:49 by videopro 2012-02-16 23:31:04 Permalink*
Gates Posts: 6276 Incept: 2008-01-29 Scottsdale	And WHO is surprised by this revelation? after the Mozilo settlement? - CERTAINLY after the Corzine PASS?, EVERYONE here HAS to know the score by now... 2012-02-16 23:49:47 Permalink
Etz Posts: 13891 Incept: 2007-06-26 LA	Classic Obozo move. ---------- Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora. 2012-02-17 01:46:02 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Classic government move. 2012-02-17 04:29:10 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Admission banks are insolvent #4,238 ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-17 06:11:39 Permalink
Lowbeyond Posts: 16937 Incept: 2008-02-11 CO aka West NJ/East CA	---------- Maybe it was a birdy bread-bomber from the future?! 2012-02-17 18:41:48 Permalink
Pika-steph Posts: 54732 Incept: 2007-09-11 Live Free Or Die; US Army Est. 1775	Argh. Can't read it - needs subscription. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli 2012-02-17 19:14:40 Permalink
Colk55 Posts: 2428 Incept: 2010-02-11 Indiana	You can register for free, you're just limited to a certain number of articles per month. ---------- The politician's motto: If you can't dazzle them with brilliance, baffle them with bull***. 2012-02-17 19:26:00 Permalink*
Inez Posts: 360 Incept: 2009-07-08	Pika, Read it at zerohedge. http://www.zerohedge.com/news/housing-se.... 2012-02-18 15:20:09 Permalink