As Rebuild The Dream President Van Jones pointed out, the settlement is a rather small first step in his op-ed, “$25 Billion Down, $675 Billion to Go”:
Millions of homeowners and families are still suffering under the tremendous weight of a debt blanket that is smothering the economy. This $25 billion settlement helps only a fraction of those homeowners and addresses only a very limited set of fraudulent behaviors.
The behavior of the mega-banks has been hurtful to American society. That’s what the folks at Green America have been saying for months, as they work to get people to move their money out of tax dodgers and prison profiteers such as Bank of America and Wells Fargo.
Green America has created a ten-step guide for people to move their money to a new community development bank or credit union.