Unless and until the banks are forced to pay legal, economic, social and political costs in connection to their foreclosure fraud and securities fraud schemes, there's no reason to expect them to treat homeowners an better and there's no reason to expect that a similar crisis will not happen again in a few years' time.
I've yet to see an explanation of why transferring money from public workers' and retirees to major banks is a good idea. There are other large, constitutional issues at play regarding how this deal mandates the breaking of contracts.
Read the rest of the article at America Blog
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