Prez Obama Slaps Down Big Banks For Shady Home Foreclosure Bill

Obama catches last minute sleaze Republicans and Big Banks tacked on into new bill to cheat homeowners of their consumer protection rights while in foreclosure.

From Denny:  Leave it up to the Republicans to sleaze the public and try and slide yet another scumbag piece of legislation past the public and the President.  Fortunately, the White House caught it in time.  As it was, none of the Democrats in the House or the Senate realized they had been sleazed by the Republicans with a last minute tacked amendment they didn't know they were about to vote into law.  They thought the law stood as agreed with no changes yet they got snookered by the Republicans and their handlers yet again.

Obama Investigates: Big Banks Screw Up Home Foreclosures

Learn how the Big Banks just screwed themselves out of all their profits.

From Denny: Who really feels sorry for the greedy Big Banks who have repeatedly raped the wallets of the American public? Awww, everyone all together now in unison, "Can you hear me now???"


Big Bank Bailouts 

Months ago, with the public loudly complaining, Big Banks took big bailouts and pluncked them down on to their profit lines instead of turning around to stimulate the economy by putting the monies out into small loans for the middle class. In short, money has dried up for development - big or small construction projects and homes, and small businesses are dying for lack of funding. Getting financed on a home loan is virtually impossible. It will be months, maybe as long as a year, before small businesses can tap into the new small business loans the Democrats managed to pass in Congress recently. Until then it's anyone's guess how many small businesses will bite the dust.

Foreclosure Violated Military Act: Yet Another Reason Not to Live in Texas

*** A soldier returns from Iraq only to find his own Homeowners' Association sold his home at sheriff's auction.





From Denny: The whole neighborhood is in an uproar to discover a Texas homeowners' association thought nothing of it to foreclose on a house only owing a mere $800 in dues. A more than $300,000 house sold at sheriff's sale for a pittance to "an investor": $3,200. Then the homeowners' association re-sold it for the low price of $135,000 to another investor who proceeded to evict the original homeowners, the family of National Guard Capt. Michael Clauer.

Just one problem here, folks, there is the Servicemembers Civil Relief Act (SCRA). This federal law has been around since World War I to prevent sleazy businessmen from profiting unfairly while soldiers are on active duty away from home. The only way to foreclose on a military service person is for it to be ordered by a court. Yet the law did nothing to protect this military family. And that's the heart of so much of what is wrong in America today: we have the laws to protect yet no one enforces them so they end up toothless.