Obama Is on the Brink of a Settlement With the Big Banks—and Progressives Are Furious

[sabrina 1]

128. But there have been successful civil cases. In fact if it were not for those cases

much of the fraud, such as robo-signing eg, would not have been uncovered. At least in two states, a couple of those 'law mills' engaged in such fraud, have been put out of business as a result of the people taking matters into their own hands with civil action.

In NY eg, there is a huge civil Rico case now under way involving tens of thousands of plaintiffs. This is likely to uncover even more crime. Should this all be shut down to protect the Banks? Also, airc, there is another huge suit underway in Kentucky and there have been multiple suits around the country, many of them successful and most uncovering egregious criminal practices.

Once the civil suits uncover fraud, then the DAs can get involved and start criminal investigations. Do you really want this to be stopped? Millions of families have been affected by all of this. How many do you think this settlement will compensate for their losses?

My friend is beginning a lawsuit right now for the wrongful foreclosure that took away her home. If this passes, her right to sue will be affected and she will most likely never receive compensation for what happened to her.

I think that is the reason they are trying to stop civil suits. Cutting off the main area where the criminal practices have been uncovered. The President should refuse to sign any bill that will end the uncovering of criminal activity that brought this country to its knees. These people need to be stopped.