Posted on 08-10-2010
Filed Under (Economics) by Rashtrakut

With Bank of America now suspending home foreclosures in all 50 states, Ann Lowery identifies the winners and losers in this fiasco.  The scale of the incompetence will keep the housing market down and delay the recovery from the great recession.  In the midst of this someone tried to slip through a bill that could have given the banks a get out of jail free card, until the President refused to sign it.  To complete the picture of a legal free for all are the stories of banks trying to change the locks on properties before the foreclosure process is completed and sometimes when the resident is still in the house.  This mess is not over yet.  To complete the mood of frustration at this mess is the dark humor from Jon Stewart below:

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Foreclosure Crisis
Daily Show Full Episodes Political Humor Rally to Restore Sanity

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