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Monday, November 07, 2011
WhatThe Death Penalty And Foreclosure Have In Common
There is so much news—mostly ugly news from the consumer point of view—about the foreclosure crisis, but it seems one of the most important initiatives taken against the banks that caused the crisis has been all but overlooked. For a period of months, the federal government and most of the states' attorneys general have been negotiating with the banking industry over appropriate sanctions and penalties that should be imposed for lender misconduct during the foreclosure process.
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6 comments:
"...the banks that caused the crisis..."
What the heck kind of mis reporting is is that?
The banks didn't cause this crisis. Chris Dodd, and Barney Frank caused this crisis. Obama made this crisis ten times worse!
People think they can borrow money and not have to pay it back, the bankc are just trying to get the money owed to them back.
Dodd and Franks work for the international bankers who have caused ALL of the chaos in our economy.
Educate yourself man!
Congress has NO POWER.
The bankers are the problem
10:53
Perhaps you are the one needing to educate yourself. Go look up the community reinvestment act, where the federal government was FORCING banks to loan money to people who couldn't afford it. The loans to these deadbeats were referred to as toxic assets.
The Bush administration warned congress 17 times to correct the mess that the community reinvestment act was creating and Frank and Dodd kept blocking any changes or fixes.
And now Obummer want to forgive student loans.
Wake up man! The Dumbocrats are trying to bring down this country!
Their both screwed up by the Government.
Congress is owned by the international bankers.
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