This has been written about over and over again, but after reading the comments on the latest article up at Huffington Post by William K Black,(a former banking regulator, whistle blower and analyst) it is clear that this topic continues to need sunshine. Listening to pundit television talking about how the proposed stress tests are going to save the day, makes it clear that we are still not facing reality. See the article here:
http://www.huffingtonpost.com/...
The mortgage collapse was not caused by irresponsible homeowners. I have been sharing my story and linking to stories just like mine to shed light on the massive accounting fraud, and violations of TILA and RESPA laws that were occurring in these sub prime loans. To hear Obama lump the homeowner in with these criminals is an insult to me. I am tired of hearing the rhetoric when I have been fighting criminals who feel they have a right to extort money from me.