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User Info READ THIS NOW: CNBC's Diana Olick Finally GETS IT; entered at 2010-10-12 15:14:12
Sangell
Posts: 379
Registered: 2009-08-16
A thing that concerns me, among many, is why with BAC, JPM and now even GS doing
moratoriums on foreclosures, others to include WFC, STI and Deutsche bank are pushing on. Their techniques and foreclosure mills were no different than say, GMACs so aren't they taking a huge risk continuing down a road that is now known to be mined?

Can't really claim 'innocent mistake' when you've been put on notice by other large banks that the process is flawed yet they persist. Is it trying to cram the last few bites at the apple into their mouths ( and balance sheets) before it is taken away or is that they believe they can push aside any legal claims or liabilities?
2010-10-12 15:14:12