15 Feb '12, 3am

$26 Billion Mortgage Deal for Homeowners Isn't Real Relief | Care2 Causes

Megan - While you may be smarter than 95% of Americans who mortgaged or refinanced their homes between 2003-2008, the fact stands that there are MAJOR mis-perceptions about homeowners. This Wall Street mortgage fraud was NOT the homeowners fault - the banks were failing long before the borrowers defaulted... Actually, before the subprime scheme was initiated. Homeowners have a substantial amount of money paid into a fraudulent investment scheme that stole Trillion$ from retirement and pension funds of gov't workers, unions, corporate 401k pensions that America has not yet grasped the magnitude of ...yet. And while your attitude that you knew better may have saved you from a head on collision - you are still impacted by the Wall Street fraud to the tune of more than $600 Trillion (with a "T") in over-leveraged debt and investment loss that the government keeps feeding to tr...

Full article: http://www.care2.com/causes/are-the-big-banks-off-the-hoo...

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