Wednesday, October 13, 2010

Look Who's Defending the Banks (again)

After the disclosures in mass amounts of fraudulent foreclosures by banks across the country; after Attorneys General from both parties from nearly every state in the country called for a foreclosure moratorium in their states; after 2.5 million homes foreclosed upon and 6.5 million currently in foreclosure; President Obama and Treasury Secretary Tim Geithner have come out again a foreclosure moratorium. While they may make some good technical arguments, the timing and dare I say audacity of the President is still quite shocking.

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