Tuesday August 4th 2009 witnessed the first public salvo from the government against FAT CAT Banking Titans. The big bad treasury department releases their public list of progress bank loan servicers are making on modifying loans. Were the banks embarrassed? Were they shamed? Read the rest of this entry »
In the last article I dared to suggest that lenders are thumbing their proverbial noses at the Making Homes Affordable Plan, now the Government responding to countless complaints is resorting to a super high tech smash mouth system to force lenders to modify consumer loans at a faster pace..Are you ready to see this advanced strategy designed to make banks bent over backwards in a quick hurry to help struggling homeowners? Read the rest of this entry »
There is a very strong likelihood that many politicians are going to look like a big bunch of chumps come elections time especially when they are trying to explain to voters why they allowed big Fat Cat Banking titans to run over them like a jet propelled steam roller. Read the rest of this entry »
When you are a chemical company looking for a cost effective way to get rid of your poisonous chemical slop, you hire a few nefarious associates to dump your toxic soup into the local landfill or river. When you are a bank you dump your toxic loans into Read the rest of this entry »