The Obamanation

classicman · 02-09-2012, 01:53 PM

Quote:

The Obama Administration has finalized the agreement with banks and
State's Attorneys General with regards to forgeries of documents relating to foreclosures.

It is something, but nowhere near enough.
I dunno what they could do, but this seems like a pittance relatively speaking.

Lamplighter · 02-09-2012, 02:23 PM

Well, it's probably never going to be "enough".
With so many people already evicted/foreclosed there is no way to right that wrong.
Certainly 2K is do nothing except make them mad.

But, it has sounded to me as though the courts are completely clogged with cases,
and the banks were unwilling to do anything that might be an admission of wrong-doing.
Perhaps this agreement will be one less rock in the road.

Obama has called for some sort of additional $ legislation from the House,
but with the politics in there it just "ain't gonna happen" ... at least til after the election.

02-09-2012, 02:23 PM	#2
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	Well, it's probably never going to be "enough". With so many people already evicted/foreclosed there is no way to right that wrong. Certainly 2K is do nothing except make them mad. But, it has sounded to me as though the courts are completely clogged with cases, and the banks were unwilling to do anything that might be an admission of wrong-doing. Perhaps this agreement will be one less rock in the road. Obama has called for some sort of additional $ legislation from the House, but with the politics in there it just "ain't gonna happen" ... at least til after the election.

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