In other words, the US Treasury Dept internal policy is to drag this recession on allowing banks in trouble to slowly recapitalize through the foreclosure process, regardless of the obvious fraud in the underwriting process and the securitization process which SHOULD render the foreclosure process UNDOABLE. Head in the sand is right. It's Sgt Schultz in Washington...I KNOW NOTHING!!!! Agency enforces that don't work for the people. The federal gov't has been co-opted by big monied interests.
In other words, the US Treasury Dept internal policy is to drag this recession on allowing banks in trouble to slowly recapitalize through the foreclosure process, regardless of the obvious fraud in the underwriting process and the securitization process which SHOULD render the foreclosure process UNDOABLE. Head in the sand is right. It's Sgt Schultz in Washington...I KNOW NOTHING!!!! Agency enforces that don't work for the people. The federal gov't has been co-opted by big monied interests.
cardcreekdesign 1 year ago