From:
Banks Are Off the Hook Again
(The New York Times) -- by Editorial --
Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down.
Prepare for a disappointment. As early as this week, federal bank regulators and the nation’s big banks are expected to close a deal that is supposed to address and correct the scandalous abuses. If these agreements are anything like the draft agreement recently published by the American Banker — and we believe they will be — they will be a wrist slap, at best. At worst, they are an attempt to preclude other efforts to hold banks accountable. They are unlikely to ease the foreclosure crisis.
All homeowners will suffer as a result. Some 6.7 million homes have already been lost in the housing bust, and another 3.3 million will be lost through 2012. The plunge in home equity — $5.6 trillion so far — hits everyone because foreclosures are a drag on all house prices...MORE...LINK
After human sacrificing thousands of Palestinians, Hebrew witchdoctors
scheduled to sacrifice red heifers in Israel as "spiritual cleansing" for
Third Temple
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*Barbaric Savagery! Israel to "Sacrifice" Red Heifers, Tomorrow*
In a display of Barbarism and Savagery, Israel will "sacrifice" Red Heifers
tomorrow; as a...
5 days ago
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