(4 pm. – promoted by ek hornbeck)
Cross Posted from The Stars Hollow Gazette
This is a state by state breakdown of the foreclosure settlement (h/t Yves Smith):
An astute observation from Lambert Strether:
OMFG, look at the weasel wording in the press release:
“This agreement is very significant in how it addresses the fraud that these banks committed against many homeowners across our state,” said ___.” This agreement not only provides much needed relief to (STATE) [Ha ha, fill in the blank!!!] borrowers, but it also puts a stop to many of the bad [criminal] behaviors that contributed to the mortgage mess in our state and across the country.”
And then there’s “fraud that these banks committed.” So if it’s fraud (against whom?!) then why is nobody going to jail?
UPDATE Oh, I’m sorry. I forgot. Banksters never go to jail. A banana republic like ours has a two-tier system of justice, and banksters have impunity for all crimes. Unlike you, peasants. My bad, seriously.
And is definitely a top comment:
Google tells it like it is. I google the first phrase as a complete string, a la “This agreement is very significant in how it addresses the fraud“, and the first thing that comes up is indeed Tom Miller’s press release, from 9 minutes ago (10:44AM EST), and two or three down after that, links to Nigerian 419 scams, triggered by the similarities between the Miller’s wording, and the scripts of scam artists. Shocker!
(all emphasis mine)
Some of the propaganda (again h/t Yves Smith):
Settlement Graphic and Settlement Graphic
Click the links but first put all heavy and sharp objects out of reach.
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