Banking Industry Settlement Comes On the Backs of Whistleblowers
There is no doubt that whistleblowers are changing America for the better. Just last week a new Act was signed to help homeowners who were the victim of malicious bank persecution trying to steal them of their home. Further, the US Attorney’s office recently announced a multi-state government settlement with five of the largest banking institutions to make up for their foreclosure abuses which caused the financial meltdown in the American Economy over the last three years.
The key to these settlements was not the victims. Due to the culture of our society the victims here are portrayed as wrongdoers, so we needed industry insider’s to gather the information necessary to take down these huge financial institutions. Without the insider’s information we would have never had proof of how the giant banking industry scammed the system and stole from homeowners and all taxpayers.
Thankfully, a few employees did the right thing. Most of them lost their jobs and will be shunned in the industry for many years to come. However, what was happening was almost criminal. We are still fighting with one of these institutions that foreclosed on a couple when they never missed a payment. After 18 months of litigation and going through hell, the bank still will not admit to wrongdoing. We will see what becomes of our suit in the near future after this settlement.
