Posted 10 months ago on July 15, 2012, 2:07 a.m. EST by OldCrow
This content is user submitted and not an official statement
Banks get "settlements" we get 162 years on prison (see below).
Most of the fines imposed on banks for below listed thievery amount to a slap on the wrist when compared to their revenue and the tricks they can use with taxes (and also passing it along to their customers etc. probably the same people they ripped-off) (Please scroll all the way down) http://www.dropshots.com/OldCrow2#date/2012-05-11/22:32:20 http://www.dropshots.com/OldCrow2#date/2012-06-27/20:02:50
MSNBC: Re: Visa, MasterCard in $7.3 billion settlement over credit card feesMSNBC: "And it should send an unambiguous message to big banks and credit card companies: Stop ripping off your customers with excessive fees," he said in a statement…. ...The class-action suit dates to 2005, and involves most major U.S. banks as defendants, including JPMorgan Chase, Bank of America, Citibank, Wells Fargo, Capital One and others. Merchants include grocery chains Kroger Inc. and Safeway Inc., Rite Aid Corp., QVC Inc. and a long list of other trade groups and small merchants. Not everyone is happy with the settlement. The National Association of Convenience Stores issued a statement of rejection, saying the deal fails to introduce competition and transparency into “a clearly broken market.” "This proposed settlement allows the card companies to continue to dictate the prices banks charge and the rules that constrain the market including for emerging payment methods, particularly mobile payments,” said NACS Chairman Tom Robinson, president of Santa Clara, Calif.-based Robinson Oil Corp. “Consumers and merchants ultimately will pay more as a result of this agreement — without any relief in sight."
$26B bank foreclosure fraud settlement to be announced Thursday By Brady Dennis and Sari Horwitz, Published: February 8 | Updated: Thursday, February 9, 6:05 AM
State and federal officials on Thursday will announce a landmark settlement with five of the nation’s banks over their flawed and fraudulent foreclosure practices.
The $26 billion deal, which officially will be unveiled at a 10 a.m. Department of Justice news conference, aims to help troubled borrowers by reducing the amount they owe on their mortgages, lowering their interest rates and paying restitution to homeowners who suffered mortgage-related abuses...
'Might just as well say I'm dead': First time offender, 18, sentenced to 162 years in prison without parole for participating in robberies
By DAILY MAIL REPORTER PUBLISHED: 09:19 EST, 4 July 2012 | UPDATED: 10:12 EST, 4 July 2012
Quartavious Davis has been sentenced to 162 years in prison without parole for a series of crimes he committed when he was 18-years-old. With Davis essentially convicted to die in prison, his lawyer has branded the sentence for a series of Florida robberies 'cruel and unusual punishment' and cites the fact that his client was not charged with harming anyone physically. Diagnosed with learning disabilities and suffering from bipolar disorder, Davis had no prior convictions beforehand and has said about his sentence, 'Might just as well say I'm dead.'