Senator Brown discusses plans for Bank of America foreclosure settlement

How much more naive can Congress be? The Taxpayers funds are doled out by the Fed and these bankster use it to pay fines. Unless they confiscate the patents used in the business of fraud and corruption or reinstate Glass-Steagall it is doubtful it will EVER reverse their course.

Justice League

LOGAN – Senior United States Senator for Ohio, Sherrod Brown (D) hosted a conference call on Wednesday to discuss a record setting $16 billion settlement from Bank of America.

“It’s been some six years since the financial crises wreaked terrible damage on homeowners and investors in our state and across the country,” said Brown. “We made progress, we know though that the economy can’t fully recover until the housing industry does.”

The Thriving Communities Institute, an organization dedicated to eliminating vacant housing, estimates that 50,000 abandoned properties across the state have fallen into disrepair. According to their website:

“Vacant properties act like infectious and deadly agents in our communities. One vacant house on a block destroys the value of nearby homes. Soon, due to loss of value, foreclosures and bank walk-aways, the nearby homes become vacant as the disease spreads. Soon the entire neighborhood is dead and diseased, having been…

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