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U.S. Banks to Pay $8.5 Billion to End Foreclosure Reviews

Business  (tags: business, cover-up, economy, debt, finance, corporate, corruption )

- 1960 days ago -
A group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis

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pam M (98)
Wednesday January 9, 2013, 8:41 am
I agree with the author. This is a good / quick way to shove the entire financial debacle under the rug. Pay off the victims, no one is prosecuted for their miss-deeds, and it's business as usual. The payout will be paltry due to the amount of victims and attorney fees. Again no one wins except the perpetrators.

Corporate greed at its worse.
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