https://4closurefraud.org/2012/02/14/wsj-whats-inside-the-25-billion-mortgage-settlement-an-early-look/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Tue, 14 Feb 2012 15:16:57 +0000 hourly 1 https://wordpress.org/?v=7.0.3 https://4closurefraud.org/2012/02/14/wsj-whats-inside-the-25-billion-mortgage-settlement-an-early-look/#comment-327197 Tue, 14 Feb 2012 15:16:57 +0000 https://4closurefraud.org/?p=42278#comment-327197 Borrower Relief – A large percentage are Fannie Mae loans. Fannie Mae has already stated it will do no principal reductions. This settlement is going to do nothing for wronged individuals. The money is for nothing other than to add funds to each state’s operating budget. It probably took them this long to search for any words to use other than ‘fraud, deception, unjust enrichment’, forgery’ just to name a few, in their release to make sure and help protect the banks. The upper powers have conclusively demonstrated that punishment for breaking laws only applies to the 99%. They have eliminated any such thing as “white collar crime”, as there is no such animal. This settlement for principal write downs was carefully constructed for mainly the upper more wealthy class who have lost equity and want to recoup it; as most of those loans are not Fannie. This should be the last straw for any of those that doubted this country has no real government; it is run by the most wealthy of the corporations who also own the government. We are nothing more than things to pay them more money through our hard work and tax dollars. They have even given themselves the right to steal the roofs over our heads.

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