Friday, October 15, 2010

Washington STANDING BY THE BANKS! Resists any Foreclosures Halt and Claims "The Paperwork will work itself out and Foreclosures WILL CONTINUE"!

The White House and All the Politicians on Both sides of the fence are STANDING BY THE BANKS!  They are keeping the tone of the banks and the propaganda that the "Paperwork Will Work Itself out and Foreclosures will Continue"! 

Portion:

Washington policy makers, who moved swiftly to calm markets during the subprime mortgage crisis in 2008, have resisted calls for similarly broad steps in response to concern that banks may have acted illegally to seize homes. 

President Barack Obama and the federal agencies that share responsibility for housing finance are opposing calls for a nationwide foreclosure freeze, fearing further damage to the housing market. Even as bank stocks tumbled yesterday on concern that the mishandled loans will increase costs for lenders, the White House and federal regulators avoided any grand gestures designed to reassure investors.

Of course what did we expect?  What we need is for the Attorney Generals to stand by the Law and they are the ones who are going to have to HALT ALL FORECLOSURES of MERS!  We have to put our trust in them right now and hope they do NOT cave into the Pressures I am sure that is being put upon them by the Banks!  I would bet the banks are threatening them with everything they have, right now! 

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