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$17 Billion in fines?
https://mail.chicagofanatics.com/viewtopic.php?f=47&t=88311
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Author:  bigfan [ Wed Aug 06, 2014 7:13 pm ]
Post subject:  $17 Billion in fines?

B of A about to agree to pay $17 B in fines regarding the Mortgage meltdown....and still nobody from Chase, Citi or BofA goes to jail.

Imagine if you agreed to $17 Bill in fines how much money you must be making!

Author:  Peoria Matt [ Wed Aug 06, 2014 7:15 pm ]
Post subject:  Re: $17 Billion in fines?

Too big to fail.

What a bunch of crooks.

Author:  Douchebag [ Wed Aug 06, 2014 7:20 pm ]
Post subject:  Re: $17 Billion in fines?

Throw them in "pound me in the ass" prison.

Author:  Darkside [ Wed Aug 06, 2014 8:32 pm ]
Post subject:  Re: $17 Billion in fines?

Douchebag wrote:
Throw them in "pound me in the ass" prison.

Wait... you want them in a prison in which you are getting pounded in the ass? Why would you want to get pounded in the ass in their prison?

Author:  conns7901 [ Wed Aug 06, 2014 8:37 pm ]
Post subject:  Re: $17 Billion in fines?

Typical Republican government protecting the rich.

Author:  pittmike [ Wed Aug 06, 2014 9:12 pm ]
Post subject:  Re: $17 Billion in fines?

conns7901 wrote:
Typical Republican government protecting the rich.


Oh Lord.

Author:  bigfan [ Wed Aug 06, 2014 10:15 pm ]
Post subject:  Re: $17 Billion in fines?

He's is right, but remember it's because there is TOO MUCH MONEY in Politiics, once again true. Just wasnt too much when one guy got more it than anyone else.

Author:  FavreFan [ Wed Aug 06, 2014 10:20 pm ]
Post subject:  Re: $17 Billion in fines?

bigfan wrote:
He's is right, but remember it's because there is TOO MUCH MONEY in Politiics, once again true. Just wasnt too much when one guy got more it than anyone else.

B of A shoulda just said they were dead broke.

Author:  bigfan [ Wed Aug 06, 2014 10:22 pm ]
Post subject:  Re: $17 Billion in fines?

Q.Bovifs wrote:
Who is getting the fine money?

Why don't they just make them reduce a proportionate amount of principal on all of the homeowners who lost equity due to the collapse?

Why are they "fining" them like that? Fucking stupid. It accomplishes nothing.


where the money goes is still not clear and from day 1, this has been my thought of helping people who lost equity due to over 50% of the houses being foreclosed.

Also, I don't care for BofA, but the government basically made them buy Countrywide, so they essentially did the government a favor, then the government comes after them for the Countrywide issues.

Author:  Don Tiny [ Wed Aug 06, 2014 10:32 pm ]
Post subject:  Re: $17 Billion in fines?

bigfan wrote:
He's is right, but remember it's because there is TOO MUCH MONEY in Politiics, once again true. Just wasnt too much when one guy got more it than anyone else.


Image

Author:  Jaw Breaker [ Wed Aug 06, 2014 10:59 pm ]
Post subject:  Re: $17 Billion in fines?

bigfan wrote:
Q.Bovifs wrote:
Who is getting the fine money?

Why don't they just make them reduce a proportionate amount of principal on all of the homeowners who lost equity due to the collapse?

Why are they "fining" them like that? Fucking stupid. It accomplishes nothing.


where the money goes is still not clear and from day 1, this has been my thought of helping people who lost equity due to over 50% of the houses being foreclosed.

Also, I don't care for BofA, but the government basically made them buy Countrywide, so they essentially did the government a favor, then the government comes after them for the Countrywide issues.


Yeah, same with JPM and Bear Stearns. JPM had a deal to take them out for $2 per share, Paulson said no, gotta raise it to $10, and then Dimon eventually took it in the moon.

Author:  Hank Scorpio [ Thu Aug 07, 2014 9:30 am ]
Post subject:  Re: $17 Billion in fines?

Q.Bovifs wrote:
Who is getting the fine money?

Why don't they just make them reduce a proportionate amount of principal on all of the homeowners who lost equity due to the collapse?

Why are they "fining" them like that? Fucking stupid. It accomplishes nothing.


BoA holds my mortgage, I fully support this idea!!

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