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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (95718)	6/29/2011 4:37:19 PM
From: koan	Read Replies (3) \| Respond to of 149317

Tejek, how many times do I have to say: "fines mean nothing"! -lol. I have said over and over fines are nothing. They don't mean shit!! They are the easy what out for the banks and Obama. NO one gets hurt and the public gets fooled into thinking Obama did something and the banks get off scott free with the illusion they got their punishment. Punishment without pain. We gave the banks trillions at neat 0 interest money and they are now out gambling with it or putting it in bonds at a couple percent % free money. So all they are giving back is what we gave them in 07 and 08 and even now. The bankers don't give a shit about fines. Not their money. How does it hurt the bankers? They are not paying for it out of their pay and sure as hell are not going to jail, where they belong. <<Check out what just one bank has had to pay out....... And you are saying the banks are getting off scott free. I don't think so. Bank of America-Countrywide: Worst Deal in History? read more............ Loan modifications, $8.4 billion: State regulators negotiated in 2008 comprehensive settlement to grant $8.4 billion in home modifications for hundreds of thousands of homeowners. Mortgage-security holders bore much of the settlement’s cost, and cried foul at the agreement. Class action: In May 2010, Countrywide agreed to pay $600 million to put behind it lawsuits from pension investors who said they lost money on shady Countrywide mortgage securities.