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Van Jones: Bank Settlement: $25 Billion Down, $675 Billion to Go

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(1)The U.S. Department of Justice and state attorneys general must investigate and prosecute banks more aggressively than ever, at a much larger scale than anything that has happened to date. (2) We must force banks to make massive principal reduction of hundreds of billions of dollars, to immediately relieve the 14 million homeowners in the country who have underwater mortgages. (3) We must change laws and regulations to prevent this kind of crisis and fraud from ever happening again.

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