(NY Times) Intermission, at Best, in Battle Over Foreclosures

Bank of America may be trying to bring down the curtain on the foreclosure furor, but there were numerous indications Tuesday that the problems would not move off-stage so quickly.

A day after the bank said it would once again pursue defaulting borrowers in the 23 states where foreclosures were overseen by the courts, judges in Florida said they were expecting even more challenges from defaulting homeowners.

The White House is convening a meeting of regulators and administration officials on Wednesday to review federal investigations into the foreclosure crisis, while state law enforcement officials emphasized their inquiry into flawed foreclosures was continuing.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Housing/Real Estate Market, Law & Legal Issues, Office of the President, Personal Finance, Politics in General, President Barack Obama, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government

One comment on “(NY Times) Intermission, at Best, in Battle Over Foreclosures

  1. Sick & Tired of Nuance says:

    Fraud. Conspiracy to commit fraud. RICO violations. Falsifying legal documents. Perjury. Let the prosecutions of the bankers begin!

    Or do the laws only work against the “little people”? Put the CEO in the same cell with Bubba for a few years and let the system work. Perhaps it will be a deterent for future executives to keep them from doing the same. Regardless, it will be JUSTICE!!! Last time I checked the scriptures, God believed in justice…especially when the rich were abusing the poor.