All the attorneys general of all the states in the United States and the Obama administration just settled their class-action case against Bank of America (BofA, the worst offender), Wells Fargo, and JP Morgan Chase, et. al., for illegal foreclosures of homes. These banks misfiled hundreds of thousands of home titles so that owners could not prove ownership; they filed hundreds of thousands of foreclosures using forged signatures; they confess to not even reading many of their own foreclosure documents to make sure they were accurate; the courts held they were guilty of this, and then charged them a MAXIMUM of $2,000 to be pain in remuneration to each homeowner whose home they illegally processed into foreclosure. The banks pay the equivalent of one month's average mortgage payment back to the owners, but APPARENTLY get to keep all the money they made from reselling the house as a foreclosure. What a sweet bailout to the banks, provided by those they illegally foreclosed on:
Since this is what the Obama administrations and all fifty state attorneys general consider a fair settlement for the banks, the people of this country need to end these bailouts and this crony government practice with an end-run of their own: DRAW THEIR MONEY OUT OF THE BIG THREE mentioned above and put it in a smaller local bank. In just a few days, these banks could be brought to their knees if this information got out and IF people took action, and the government would know they cannot take lightly the anger of the American citizenry over fraudulent greedy banking practices.