Comments | ontd_political: I own it (maybe) can't prove it, but that's okay because I'm a bank so I'll forclose on you anyway!

akuma_river in ontd_political

I own it (maybe) can't prove it, but that's okay because I'm a bank so I'll forclose on you anyway!

Oct 05, 2010 19:14

Foreclosure Paperwork Scandal 'Same Process' That Fed The Housing Bubble
First Posted: 10- 4-10 05:33 PM | Updated: 10- 4-10 10:01 PM

The paperwork scandal that has prompted several banks to halt evictions and review their foreclosure procedures is reminiscent of the predatory lending scheme that inflated the housing bubble"It's the same ( Read more... )

mortgages, corruption, fraud, crime, banking

Comments 4

haruhiko October 6 2010, 03:43:04 UTC

Additional:

Lenders Forced to Suspend Thousands of Foreclosures after Admitting to Faulty Review Process

persiascarecrow October 6 2010, 03:56:50 UTC

banks have been screwing people over forever now. i don't mean to sound pessimistic and i don't like it any more than anyone else does, but i doubt that anything will be done.

akuma_river October 6 2010, 06:57:21 UTC

This isn't just a screw over situation. This is massive systematic FRAUD.

Pelosi Calls For Investigation Of Foreclosure Fraud

brewsternorth October 6 2010, 14:31:50 UTC

...thank you, Ms Pelosi.