Snarking at Something or Other Rantings from my brainbox.

18Feb/122

Foreclosure abuse rampant across U.S., experts say | Reuters

A foreclosed home is shown in Stockton, California May 13, 2008.  Home foreclosure filings in the U.S. jumped 23 percent in the first quarter from the prior quarter, and more than doubled from a year earlier. REUTERS/Robert Galbraith

By Tim Reid

LOS ANGELES | Fri Feb 17, 2012 12:34pm EST

(Reuters) - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.

via Foreclosure abuse rampant across U.S., experts say | Reuters.

 

"It is expected that the $25 billion settlement will include no admission of wrongdoing by the banks."

 

Totally normal, totally natural.   Does anyone still doubt that we live in a Plutocracy?

-Rob

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  1. The Obama regime is handing over the people’s wealth wholesale, while they bend over and thank him for it. Watch them ask for more in November. They deserve it.

  2. Oh I agree. If we could just cut the defense budget by 90% triple NASA’s budget, fully fund a social safety net, get a single payer healthcare system, provide free lifetime education for all. We’d have a highly educated healthy populace who would make much more informed mortgage decisions while demanding re-regulation of the finance markets so this type of thing doesn’t happen again.


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