Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Monday, July 18, 2011

Officials Warn That Foreclosure Probes May Prove Inadequate

Since flawed foreclosure practices by the nation’s biggest banks became last fall’s biggest scandal, federal bank regulators and the attorneys general of all 50 states launched simultaneous investigations [1]. But there are an increasing number of warnings that neither of those efforts have addressed the full scope of the problem.

What? You mean the states' attorneys general were more interested in appearing to be hawkish on bank fraud than actually stopping the illegal foreclosures? Well, I can't believe it...

http://www.propublica.org/blog/item/officials-concerns-that-full-scope-of-foreclosure-problems-exposed