How Banks Are Worsening the Foreclosure CrisisQuicklink submitted by John Lorenz Permalink
|Banks refuse to allow mortgages to be modified in bankruptcy court to make people more able to pay them.This article shows that one reason foreclosures are so rampant is that banks and their advocates in Washington have delayed, diluted, and obstructed attempts to address the problem. Industry lobbyists are still at it today, working overtime to forestall and narrow any attempts at reform.|
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