"...a system in which only the little people have to obey the law, while the rich, and bankers especially, can cheat and defraud without consequences."
http://www.scribd.com/doc/50753639/
In Proposed Mortgage Fraud Settlement, a Gift to Big Banks
Wednesday 16 March 2011
Lurking in a proposed mortgage fraud settlement with the state attorneys general is a clause that could be worth billions for the big banks.
Yes, I mean the settlement that might extract the supposedly large sum of $20 billion [1] from the banks to settle foreclosure fraud. The one denounced as a "shakedown" [2] by Sen. Richard Shelby of Alabama.
Despite such rhetoric, the settlement might let the banks avoid tens of billions of write-downs, thanks to a clause with a biblical flavor: the last shall be first.
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