New Orleans I have taken some heat for recommending that homeowners who are underwater walk away from their mortgage obligations in the face of totally, and now admittedly, inept response to the foreclosure crisis by the Obama Administration all facilitated by the total greenwash of the banks by Treasury Secretary Geithner. It seems according to …
Tag: geithner
House Underwater – Abandon Ship!
New Orleans I’ve been thinking about this for awhile in utter frustration at the Government’s protection of banks and unwillingness to write down principal to allow homeowners to rightsize their payments with their home values and protect their citizen wealth. I’ve come right up to the line of accusing Treasury Secretary Tim Geithner of pimping …
Geithners Foreclosure Folly
Playa Coco I’m beginning to think that no one much cares about the issue of foreclosures for American homeowners. This seems to be a game of “button, button, who’s got the button,” where no one, certainly not the bankers, and likely not the government really wants a program to deal with homeowners fighting to keep …