- Dec 2006
- FEMA Region 10
Gov't orders 14 lenders to reimburse homeowners
Get your money out of the banks people......today, not tomorrow but today.Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the nation's four largest banks, were among the financial firms cited in the joint report by the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency.
This is going to be a long drawn out expensive process and in the end, the banks standing will be few but they will absorb the failed banks. Expect Goldman and JP to be the only winners here. And you what, as the chumps wait they will learn that like in all the financial fraud cases this country has seen with the criminal banking industry and the enabling "government", they will receive pennies on the dollar, and their lives will forever remain destroyed by these punk bastard motherfuckers!Ally Financial, formerly known as GMAC, said it had not found "any instance where a homeowner was foreclosed upon without being in significant default."