Sheila Bair has finally let the trial balloon out of the bag. Just watch what Wall Street does to position Bair as some kind of kook. In truth, she ought to be running the financial part of this recovery although the FDIC is supposed to insure deposits, not necessarily write offs of bad loans. Bottomline, […]

Tags: Amnesty for Everyone, borrwers, FDIC, lenders, losses, modification, principal reduction, recovery, seized banks, settlement, Sheila Bair
Posted in bubble, Corruption, Eviction, securities fraud |