Tag Archives: foreclosure crisis

Mass. lawsuit shows that banks haven’t changed foreclosure ways

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The Boston Globe August 21, 2012|Paul McMorrow Earlier this year, five of the country’s biggest banks agreed to cough up $25 billion because they’d routinely fleeced their own customers and wreaked tremendous economic havoc along the way. The nationwide foreclosure … Continue reading →

How Obama Missed Signs of Deepening Foreclosure Crisis

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ECrdeditDaily.com The Obama Administration’s bailouts of the banking and auto industries are well documented and by some measures successful, but that cannot be said of the president’s handling of the foreclosure crisis. Since 2009, the administration was slow to respond … Continue reading →

Cautious Moves on Foreclosures Haunting Obama

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The New York Times By: Binyamin Appelbaum Monday, August 20, 2012 WASHINGTON — After inheriting the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry … Continue reading →