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This is not a legal opinion on any case. It is general information
Dick Durbin told it like it is when he said “the banks own the place.” The place was Congress and all the legislatures across the country. If they didn’t then there would have been a tobacco like suit for the disastrous consequences of the banks lies and damage to entire states, cities and towns. And instead of a few billion dollars, the damages are obviously in the trillions of dollars.
No where is that more obvious when the Bank, in this case Citi, turns down a modification that would enable the real party whose money was used to recover multiples of what they are being given now. The bank gets the foreclosure sale, having turned away from a monetary solution that would enable both sides to…
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