You bet I'll huck a few rocks.
"16 banks must pay for bad foreclosures" April 14, 2011|By Derek Kravitz, Associated Press
John Taylor, chief executive of the National Community Reinvestment Coalition, a consumer housing watchdog, said the government’s action is a year too late.
And yet Wall Street was cut a check within a week.
It does little to help those who are just now wrestling with a foreclosure and those who have already been displaced, he said. Rather than moving swiftly to seize people’s homes, the banks should have done a better job helping people lower their mortgage payments through modification programs, he said.
Well, WE NOW KNOW that was the WHOLE POINT! Get those HARD ASSETS so the banks could BALANCE THEIR BOOKS after the mortgage securities fraud!
“There are so many people who, if they had received a meaningful modification, could have stayed in their homes,’’ he said.
--more--"
Related:
"Americans who never imagined becoming poor are now asking for assistance, and many are not getting the help they need."
Only banks, well-connected corporate interests, wars and Israel get that.
Also see:
Despite low prices, many shun homeownership
I just can't imagine why.
A housing rebound? More like ricochet
Got two panes with one stone!
Boston-area housing values continue slide
Mass. home sales fall in March
Who would want to buy a house with a bunch of holes in it (or a newspaper with nothing but bulls*** in it)??
