Banks Told To Review Their Own Foreclosures

countdown_to_facebook_ipo | Feb 13, 2013 08:30 AM ET Sharks being asked to report on other sharks. Priceless.

PINKFLOYD1 | Feb 13, 2013 08:34 AM ET The banks will get out of all this again. What do we expect. We let them.

ckoffend | Feb 13, 2013 08:45 AM ET Is an aggrieved homeowner a homeowner that does not pay his/her bills? It seems pretty simple to me. Borrow money, promise to pay it back at a specified amount over a specified period of time on a specified frequency. Not too complicated. Either you pay or you don`t pay. If you don`t pay, you are in default and can and should be foreclosed upon. Now, if the banks are smart and they feel the best solution is to work with the borrower to temporarily reduce their monthly payments, or suspend principle payments (only collecting interest) or some other arrangement, that is fine. They should not be mandated to do so. Of course the idea of personal responsibility no longer fits into the American way or belief system for a large percentage of the population. Perhaps that is ou

ckoffend | Feb 13, 2013 08:50 AM ET Banks foreclosing should be predicated on one thing - is the borrower paying back the money they owe in conjunction with the contract they signed? Simple, Yes or No. If no, the requirement to foreclose is cut and dry. Why does the government feel delinquent, non-paying borrowers who get foreclosed upon after they have defaulted on their agreement should be awarded penalties from the lender? This is totally contrary to how our government works. The IRS for example can audit me and instead of proving I did anything wrong, they can simply say prove everything I did was right. They can then issue huge fines and penalties to me with providing no proof on their own. This process seems much more egregious and punitive than anything the banks have done to people that have refused to pay the

duck33 | Feb 13, 2013 08:54 AM ET Mr President I will forgo any financial relief and exchange it with rule of law relief. Incarcerating the financial terrorist banker at the federal reserve will go a lot farther to restoring justice than giving those of us in society who can not manage their finances a reprieve.

SDedalus | Feb 13, 2013 10:02 AM ET We now live in the United Snakes of America. The snakes of course are the alliance of big business and big government.

JackMeahoph | Feb 27, 2013 06:27 AM ET Yes it is the United Snakes & the snakes have nicely divided the population & kept them divided with topics like abortion, guns, marriage equality. The snakes could care less about the outcomes other than they`d like to see these *is*ing matches go into overtime, because it takes the spotlight off their digging into & sucking the blood out of what`s left of the wealth in this country. When the bleeding is stopped, it will only mean there is no more blood. It`s funny to read some defend them. Those folks are like the sheep that don`t run from wolves. Makes them a ready dessert for the wolves when they`ve hunted down the rest.






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Banks Told To Review Their Own Foreclosures

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