By Sherry Hernandez, Author and Member of Occupy San Pedro
Originally published in the Feb. 23, 2012 edition of Random Lengths News
Legend has it the Europeans purchased Manhattan for $24 worth of beads and mirrors almost 400 years ago. On Feb. 9, the U.S. Attorney Generals sold out the American people for $26 billion dollars to the banks that have defrauded our American dream.
The terms of the settlement has not yet been officially released. The terms need to be signed off by a judge and the results might not be in effect for more than a year. What this means to the home buyers is that the banks will escalate their foreclosures while they still can. Most of us will not see any relief for quite some time and others have already lost their homes and future revenue. The banks that brought on this massive fraud are getting by with a slap on the wrist. The $26 billion dollars is a paltry sum for causing the American people more than $700 billion in underwater debt.





