Banks negotiate $10B settlement for foreclosure crimes

 
While negotiations between regulators and 14 banks center around dollar figures and conditions, the millions who have lost homes due to financial crime continue to suffer. The ten billion dollar settlement will be effective for keeping the banks out of court, but will not go far among the homeowners foreclosed abusively. The settlement, likewise, does nothing towards restoring the economy, which crashed as a result of such schemes.

Occupy Fights Foreclosures was one of the groups to denounce the proposed settlement.

From the newswire: Occupy Fights Foreclosure Protests $10 billion Settlement by Natasha Petrosova

While negotiations between regulators and 14 banks center around dollar figures and conditions, the millions who have lost homes due to financial crime continue to suffer. The ten billion dollar settlement will be effective for keeping the banks out of court, but will not go far among the homeowners foreclosed abusively. The settlement, likewise, does nothing towards restoring the economy, which crashed as a result of such schemes.

Occupy Fights Foreclosures was one of the groups to denounce the proposed settlement.

From the newswire: Occupy Fights Foreclosure Protests $10 billion Settlement by Natasha Petrosova

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