Tuesday, January 24, 2012
Once again the true victims - those evicted from foreclosed homes will receive NOTHING~!!!!!
Bank settlement: Maryland Attorney General Gansler... Bank settlement: Maryland Attorney General Gansler is urged not to sign foreclosure settlement with banks - Baltimore Sun
"This is hundreds of years of property law that has been completely dismantled in some jurisdictions," said New, who most recently called Gansler's office Friday in response to an appeal on the Naked Capitalism blog. "It's a very serious issue."
The total that banks would have to pay under the settlement is reportedly $20 billion to $25 billion — some of it in cash, most through reducing the amount of homeowners' mortgages — in exchange for an as-of-yet-unclear amount of protection from civil liability.Bank settlement: Maryland Attorney General Gansler is urged not to sign foreclosure settlement with banks - Baltimore Sun
MY NOTE: Once again any settlement that does not account for those already evicted from homes, from toxic loans and fraud foreclosures should be AXED!!!!!