fall from grace as well. five banks accused of abuse i mortgage practices agreeing to $25 billion government settlement. it may have helped borrowers but it didn t help rebuild the still struggling housing market millions are unemployed or dropped out of the labor market and recovery struggled all year. it hit the market over here. euro zone sinking back to recession and made the stocks sink, too. plenty of changes in the corner offices, shakeup at barclay s, top execs resigning over whether lenders submit artificially low libor rate. citigroup, pandit resigning from his position.
it could amount to monthly savings up to 35%. this is a result of that $25 billion government settlement announced earlier this year. chances are the president never expected this guy to blast so-called buffet rule. warren buffet himself, the billionaire now saying it won t do much to help our ailing economy. remember, president obama named his tax hike proposal after buffet who supports increased tax revenues on america s top earners. during a recent buffet announcement, he criticized the president s proposal as a small improvement to a vary bad tax system. that couldn t even remotely cure our revenue problems. and those are your headlines. it s a little problematic when the guy you name it after isn t totally in favor of it. sean hannity had this occupier on, this 26-year-old guy who spent a lot of his time sleeping in zuccotti park. sean invited him in and he said i had a job, i lost a job and
fox business alert for you for you. breaking news that bank of america getting ready to slash certain homeowners outstanding debt. the banking giant has been sending letters to thousands of home owners across the united states offering to forgive a portion of the principle balance on their mortgages. the average amount that they re willing to forgive $150,000. the reduction for qualifying home owners would amount to monthly savings of up to 35%. this is the result of that $25 billion government settlement announced earlier this year. as it turns out, liking somebody or something on facebook is not protected by the first amendment. a virginia district court judge has ruled it s not a form of constitutionality that protected speech so this follows a case in which a virginia sheriff fired six of his employees for liking the facebook page of one of his political opponents. the judged that clicking the like button doesn t amount to expressive speech. in other words, it s not the same as wr
issue with this government settlement has anything to do with secretary vilsack s overreaction? i will say this. as many of you know, the department is in the midst of paying out settlement for decades long discrimination. i think as you saw in the statements that from secretary vilsack, that the department has a zero tolerance policy for discrimination. and the reason it does so is because of if you look back at the history of some aspect of the way usda benefits have been dispensed, they would have done