By the way, this is yet another warning call "If you have money in Spanish banks, move it somewhere else immediately!"
The numbers don’t suggest that the New York Attorney General is trying to help anyone but himself. You see, the State of New York has paid $176,991.15 to find each of 339 violations, assuming every violation would be provable in a court of law. It would be much more efficient just to give homeowners enough cash to get current on their homes.
As recently as 2006, private sector financing was double that of government sources, but not any more.
Analysts are rightly pointing out that Banks are making profits, despite making few loans and seeing fundamentals deteriorate. By the way: Did you know the Senate Democrats blocked a resolution to honor Lady Thatcher? And, of course, Ezra Klein is still an idiot.
The Wisdom of Bastiat, as Revealed by Great Moments in Federal, State, and Local Government | Daniel J. Mitchell