I have just read this article and have noticed similiar articles before but before this becomes a Foot Note in the Sceme of Things I wonder,
Agreement: Mortgage giants to alter practices
About 750K Americans could get up to $1,800, but no ex-owners of robo-signed foreclosures would get a home back. Read more.
The major crisis could be said to have happened between 05 to 07, what happened to those people that were forclosed on. Did they just accept their fate because they thought the government and big banks were to big to fight. Back then I know many as I am sure you have that lost their homes because the banks just foreclosed and didn't try to work with them as also happened as this article says, the people of 05 to 07 just accepted it and moved on.
it was not till one person in Florida started the Produce The Note Movement that robo signing and all the government and bank shananigans came to light. Lets face it we all know that these people were behind and foreclosure was the next step and they were not saints ( I hope that no one really believes that the folks were somehow caught up and the foreclosures were just an evil scheme by Gerorge Bush and the banks) no they were rightfully going to lose their homes. But the banks got greedy and wanted the homes now and didnt want to go thorough the proper channels of the courts and that started the crisis (ROBO signers enter please). The government stood on the sidelines as usual and thought if they stuck their heads far enough in the sand it would all be over in time for the next congressional break.
WHO'S TO BLAME look to congress and the bills passed in 11/1996 through 7/2000
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