Friday, January 11, 2013

Mortgage Reform Settlement a Total Failure

"Because they have no idea how many borrowers were harmed, the regulators are spreading the cash payments over all 3.8 million borrowers — whether there was evidence of harm or not."

The government is giving out the settlement money randomly because they can't figure out who actually got harmed. Is Lillian McBride in charge of this as well?

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