If the bond buying program had been directed at direct assistance to investors and homeowners, the crisis would already be over and GDP would be rising by at least 3.5%, unemployment at 5% or less, and the deficit would be eliminated on an annual basis and vastly reduced long term. Debt would cease to be […]

Tags: abandonment by the bank, Bank of America, buyer beware, deficiency judgments, economic collapse, Federal reserve, Federal Reserve bond buying program, foreclosure, Goldman Sachs, ICELAND, promontory financial group, welfare for the banks
Posted in Corruption, Eviction, securities fraud |