In the discussion thread: At Senate Hearing, Jamie Dimon confronted by Occupy Our Homes DC [View all]
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Thu Jun 14, 2012, 12:50 PM
jtuck004 (15,270 posts)
15. Jun 14, 2012 - - Foreclosures up for first time in 27 months - -
NEW YORK (Reuters) - Foreclosure starts rose year-over-year in May for the first time in more than two years as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday.
The $25 billion settlement between major banks and states, formally approved in April, had been expected to jump-start foreclosure proceedings that were previously stalled by uncertainty about the liability of banks.
Oh, that's what the elected officials were doing. Greasing the skids.
I can't understand why there weren't 12 million protesters asking why their loans are underwater and this guy gets a pass? Elected officials seem to have given several of the big "investment parlors" (banks is what THEY want you to call them) a pass on the fraud and barely a nod to their crimes. And a lot of money, supported and generated by taxpayers.
People have died and tens of millions are out of jobs, perhaps out of a life. The country was wounded and needs the government to reassert itself like it did the last time.
So we are having hearings. Wow, now that's powerful.
I wish her luck.
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Replies to this discussion thread
Jun 14, 2012 - - Foreclosures up for first time in 27 months - -
|Dont call me Shirley||Jun 2012||#18|
|Uncle Joe||Jun 2012||#19|
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