Anatomy of a failed foreclosure program

[Deja Q]

http://www.huffingtonpost.com/2009/12/07/anatomy-of-a-failed-forec_n_383326.html

Banks are blaming the Obama admin... (but who really is to blame?)

[AllentownJake]

1. Both

Banks are greedy and the Obama admin was silly to enact a plan without severe penalties to the banks for not implementing it.

[abelenkpe]

2. can we please

take those stupid banks over, fire the execs and break them up into tiny not too big to fail businesses now?

[AllentownJake]

3. No

That would be socialism.

I was talking to a democratic friend the other day and he said, when he first heard Barack he was afraid he'd destroy Capitalism. I said, well he seems to be quite pro-business. He said, you misunderstood, handing out capital to wealthy people isn't capitalism.

[RB TexLa]

5. We don't have to. Just remove the idea of too big to fail. Once we let a top 4 bank fail

then everyone will see none of them are "too big to fail."

[Democrats_win]

4. Ohio Congresswoman Kilroy was on a PBS Frontline show saying how bad Chase was.

She asked her staff to find what the problem was in her district. They told her, Chase wasn't willing to deal with the borrowers.

This is an important issue in America.