10 Banks to Pay $8.5B for Foreclosure Abuse

Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. (Jan. 7)

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  News & Politics

[BigUpToNJ]

soooo these major banks wrongly kicked people out of their homes????

the bankers responsible should be jailed!!!!

[Obito Uchiha]

Justice or Karma Prevails!

[pvtjamesryan3]

Legally speaking the banks didn't suck the cocks of the people not paying their bills, so the banks have to give those blowjobs within a reasonable time frame.

[BigUpToNJ]

why is there a settlement?

[James Roberson]

So is the government going to give this money to the people who were foreclosed on?

[VelvetWarthog21]

Ban robber baron banks

[SharkDude1]

The bottom line here is that the Banks have to pay these poor people a few bucks for the home they where evicted out of, that the Bank turned around and re-sold the home for Top Dollar on the market. So, to the Banks, they still made Money even after paying this. Wow!!! Arn't Banks Great!!

[TheLegendaryLinx]

8.5 billion... Lol! So when you break that down... 8.5 billion / 3 mil thats only $2,833 dollars.. 3 million is being very conservative... Im sure its a lot more then that... You'll be lucky to get 4 digits... Lol!

[moviedude22]

So what prevents these criminals from turning around and recouping their losses on the backs of the middle class a few maybe 5-10 years down the line. Are we supposed to blindly expect Congress to protect us?

[mrmikeVIVO]

$8.5 billion doesn't seem like enough for the whole US

[plague1313]

I'm gettin some of that money!!!!!