Do NOT settle with the banks about the foreclosure crisis in America as this is NOT a way forward for the economic problem facing many Americans. A way forward is stated emphatically in A Way Forward by the New America Foundation, October 2011, where on page 19 it specifically states the "only effective" means of economic recovery is a program of working with borrowers on restructuring and a massive forgiveness of debt for homeowners.

To me, the ONLY EFFECTIVE way that we will have MASSIVE forgiveness of homeowner's mortgage debt is when the multi-state legal settlement over improper foreclosure activity by major banks puts all the evidence on the table. One such piece of evidence that I would like to put forth is one that exposes and comes to the bottom of the rabbit hole is the realization that the banks and lawyers conspired together at the conception of the mortgage loan to lead the borrowers into believing, by using legalese and deception, that the banks loaned them real money! Let me make this clear, in my opinion: BANKS DO NOT LEND MONEY! However, Scott Baker, Senior Editor of Opednews opines: "The statement 'BANKS DO NOT LEND MONEY!' is not quite true. Banks do lend money - it's just that they don't lend depositor's money, they simply create new money whenever they make a loan. It's this private outsourcing of the money-creation power + human greed and ignorance/stupidity that creates our bubble/crashes, over and over."