The Federal Reserve has decided to put their thumbs on the scales of justice, explicitly attempting to overturn state-based anti-foreclosure laws on the spurious grounds that requiring foreclosures to meet due process standards hurts the economy.
|By: David Dayen Wednesday June 27, 2012 4:15 pm|
|By: David Dayen Thursday May 31, 2012 8:00 am|
California’s efforts to create a better environment for foreclosure victims have begun to fade. $410 million from the foreclosure fraud settlement that was supposed to go into counseling and legal services was instead diverted to pay for a state budget shortfall. While this has angered the legal aid community, with the enormity of the budget problem in the state, it’s unlikely that will be reversed.