Taking their cue from the drug companies, the banks are planning to pay a few hundred million dollars in bribes to government officials to become IMMUNE from PROSECUTION and SAVE TRILLIONS in lawsuits.
States negotiating immunity for banks over foreclosures
(Reuters) - State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents.
A coalition of all 50 states' attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks.
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