Some stories over the weekend collectively add up to a counter-offensive about both government and private industry’s impotence in the face of the foreclosure crisis.
Government, Mortgage Industry Offer Counter-Offensive on Loan Modifications |
| By: David Dayen Tuesday July 5, 2011 7:38 am |
HAMP II: The $20 Billion Get Out of Jail Free Card |
| By: emptywheel Sunday February 27, 2011 1:25 pm |
For the low, low price of $20 billion, the Administration proposes, banks could be excused for the abundant mortgage fraud they’ve committed. But $20 billion won’t even begin to compensate those victims of fraudulent appraisals for the fraud committed on them.


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