banks punish foreclosure victims: The Greatest Bank Robbery Of All Time - 11/30/10 10:52 PM
(With apologies for length)
Willie Sutton, the famed bank robber of the 1930’s and 40’s once made the statement, "Go where the money is...and go there often," and though his lifetime take was said to be as much as $2 million, Sutton was a mere amateur.  His crimes are dwarfed by those of today’s gangsters who, during the past decade, were committing the greatest bank robbery of all time; only this time the banks were the larcenists.  
 
A quick look at how the big banks fared following the “financial meltdown” shows that it’s not their wealth or the contents … (81 comments)

banks punish foreclosure victims: Punishing Foreclosure Victims--Some Banks Take One Last Shot - 07/13/09 10:12 AM
In an article today in the Milwaukee Journal Sentinel, it was reported that it’s becoming commonplace for lenders to refuse to take title to some properties following foreclosure. Why would a bank bother to foreclose and then abandon the property? It’s simple economics. Many of the homes just aren’t worth the bank’s efforts. But then, why would they foreclose? And who ultimately owns such properties? The answers are often as confusing an illogical as the creation of the subprime collapse that precipitated the problem.
 
What’s happening is a crime—perhaps not legally, but figuratively. Sometimes it’s a crime against the very … (207 comments)