In response to:

How Obama Enabled Unscrupulous Banks to Foreclose on Innocent Homeowners

David1454 Wrote: Jul 31, 2012 8:09 AM
One of the worst essays I've ever read on Townhall. Illogical, twisted, almost stupid in its import. Completely abolves people who bought houses they couldn't afford (if the house loses value does that void your written promise to repay the loan?), and makes the bizzarre assumption that banks somehow "want" to foreclose, or have something to gain by it. Comes to the STARTLING conclusion that people who over-bought, then restructured their loans usually defaulted anyway. Duh. I'm amazed that the editors of Townhall printed this bit of misguided silliness.
true liberal Wrote: Jul 31, 2012 8:15 AM
The problem is that the Federal Government mandated the loans.

Sure, the borrower has to assume some of the blame but no one held a gun to the bank's head to actually loan the money.

Oh yeah, that's right, the government did
Timothy32 Wrote: Jul 31, 2012 1:51 PM
You have to also remember that ACORN was a Loan broker they got loans for people. Liar loans at that. And the bank that was invented ot of thin are by Obama budies took over several large banks just for the purpose of recieving the government kickback then they would forclose. Great time had by all.

The epidemic of home foreclosures has been made far worse than necessary due to the banks' unwillingness to work with homeowners. Although Congress has passed numerous laws to force the banks to assist homeowners, the banks have found ways not to comply. The banks also brazenly break other laws to further their profits at the expense of homeowners, most recently by falsifying interest rates in the LIBOR scandal.

Regular middle class Americans everywhere have unjustly lost their homes to foreclosure. They ended up in homes they could not sell due to the Federal Reserve Board, not their own...