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: treasury
Shaming Wall Street? Foreclosure Moratorium!
Boston There’s a full moon. The Saints are 11-0 and whipped the New England Patriots like a red-headed stepchild. Now the Treasury Department has announced another new strategy for dealing with foreclosures, given that nothing else has had much of a dent on the problem: shaming. I guess anything is possible these days, but what …