A Settlement of $8.6 Billion was reached today on a lawsuit by 9 states.

Maybe more people and states need to plain sue to be able to restructure their mortgages and principles so they might have a prayer's chance of staying in their homes.

Some details:

Bank of America, which bought Countrywide in July, reached a deal with attorneys general representing 11 states in which it will offer more affordable and sustainable mortgage payments for borrowers who had financed their homes with subprime loans or adjustable-rate mortgages serviced by Countrywide.