Intercept - A Texas jury’s recent decision to award over $5 million in damages and fees for the fraudulent foreclosure of a single home suggests that the big banks could have been on the hook for as much as $32 trillion — before the Justice Department and state attorneys general settled for $25 billion, or less than on tenth of a penny on the dollar.
In the trial in Harris County district court, the jury awarded
Houston foreclosure victims Mary Ellen and David Wolf $5.38 million on
November 6, on the grounds that Wells Fargo Bank and Carrington Mortgage
Services knowingly submitted false documents to kick them out of their