Foreclosures on People Who Never Missed a Payment

[Lars77]

Run time: 10:58 https://www.youtube.com/watch?v=y2LSiP99QtA   Posted on YouTube: December 21, 2010 By YouTube Member: TheRealNews Views on YouTube: 302   Posted on DU: December 21, 2010 By DU Member: Lars77 Views on DU: 3432

 

[ck4829]

1. This is theft, plain and simple. K&R

[valerief]

2. Wow, this is really scary. I'd never heard it explained like that before. nt

[Ruby the Liberal]

9. Yves is a brilliant woman. I have been a fan for a LONG time.

No idea what her politics are (I think she leans Libertarian), but from an economics perspective, she has been blessed with a gift of breaking down difficult concepts to where we can all understand it.

Her site is nakedcapitalism.com if you are interested in her work.

:hi:

[Kaleko]

12. Thanks for the tip. I'll check out Yve's site. n/t

[tabatha]

3. Really disheartening.

There is no economic justice in this country.
How can they get away with this stuff?
Depressing.

[right2bfree]

16. The problem is that once things get bad enough, they wont "get away "with this.

Not if history is stable, they wont. It wont be pretty either.

Just saying..............

[JEB]

4. Criminal banks

ruining lives to secure the bottom line.

[geardaddy]

5. Thanks for posting this.

This should be on every TV news magazine like 60 Minutes, but I'm not gonna hold my breath.

[felix_numinous]

6. Blatant freaking robbery.

People should just sit in their homes, I swear, and refuse to leave. This cannot stand.

[me b zola]

7. Thanks for posting this

I've been trying to tell Mr Z that banks are taking homes from people who have never missed a payment, but did not understand exactly how they were doing it. This will be helpful.

[Alameda]

11. If they are holding the payments until they are late,

isn't that a crime? The mortgage holder kept their part of the bargain.

[tsuki]

15. Credit card companies do it all the time. I caught Chase charging a

late fee when they cashed my check 5 days before the due date. They claimed that it took them that long to "post" the payment, and my bill was due the date I received it.

[right2bfree]

17. If it isn't a crime, it should be. Thats a least deciet, if not intentional fraud. nt

[me b zola]

21. To me it seems as though it is clearly a crime

But then again the corporate class has been committing crimes with impunity. It seems that they are now above the law. Hell, it stands to reason since they are now writing the laws.

[emcguffie]

8. He mentioned recent congressional hearings.

THen she said this hasn't really been addressed.

Was this brought up in the hearings? How do we get this brought up in the hearings? It's utterly nefarious! And it just keeps happening!

[Plucketeer]

10. I have a neighbor who's getting

this VERY treatment, right now. He think's he's "telling them where to get off" when he screams at them on the phone. One day the hammer's gonna come down on him and he won't know WHAT hit him. :grr:

[lovuian]

13. Theft and the Justice department is allowing the banks to

do it

I have never seen such corruption...and nobody goes to jail

[roxiejules]

14. Yves always does a great job

of keeping us informed ~ thanks!

[guruoo]

18. k&r nt

[Tunkamerica]

19. It's all fucked up, I'd never thought about keeping the borrower in because of the prop. taxes

[HillbillyBob]

20. Shared to facebook

nt

[Alameda]

22. Good idea, I copycated you.