The new settlement between the Federal government, 49 state Attorneys
General and five of the biggest, most crooked banks is a complete
fraud and another bailout for the banks.

Not one foreclosure will be stopped in the coming years by this
settlement.

· Only $1.5 billion of the $25 billion settlement will go to people
who lost their homes from 2008 to 2011 – paying a pitiful $2,000
[[over three years) to people who were victims of banks who criminally
stole their homes.

· A pitiful $17 billion will go toward principal reduction for
“underwater loans” where people owe much more than their property
is currently worth. But it is estimated that 11 million borrowers are
$700 billion underwater right now.

· $5 billion will go to the states to compensate for losses suffered
due to loss in property values. But there has been a loss of $1.9
trillion in home equity from the foreclosure crisis – resulting in
city, county and state layoffs and service cuts.

MORATORIUM NOW! COALITION SPECIAL MEETING

MONDAY, FEBRUARY 20, 2012, 7:00 PM

5920 Second Avenue, Detroit, MI [[at Antoinette St.)