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Reply #15


Response to midnight (Original post)

Thu Jun 14, 2012, 12:50 PM

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.

That's us.

So we are having hearings. Wow, now that's powerful.

I wish her luck.

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Arrow 27 replies Author Time Post
midnight Jun 2012 OP
Enrique Jun 2012 #1
coalition_unwilling Jun 2012 #3
KurtNYC Jun 2012 #7
coalition_unwilling Jun 2012 #8
wordpix Jun 2012 #10
coalition_unwilling Jun 2012 #12
goclark Jun 2012 #6
wordpix Jun 2012 #11
goclark Jun 2012 #16
freshwest Jun 2012 #17
midnight Jun 2012 #22
midnight Jun 2012 #13
goclark Jun 2012 #23
mbperrin Jun 2012 #2
midnight Jun 2012 #24
mbperrin Jun 2012 #27
coalition_unwilling Jun 2012 #4
EFerrari Jun 2012 #5
midnight Jun 2012 #14
wordpix Jun 2012 #26
wordpix Jun 2012 #25
jtuck004 Jun 2012 #9
LineReply Jun 14, 2012 - - Foreclosures up for first time in 27 months - -
jtuck004 Jun 2012 #15
Dont call me Shirley Jun 2012 #18
Uncle Joe Jun 2012 #19
lsewpershad Jun 2012 #20
xocet Jun 2012 #21
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