https://4closurefraud.org/2012/12/03/in-an-f-h-a-checkup-a-startling-number/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 17:49:13 +0000 hourly 1 https://wordpress.org/?v=7.0.3 https://4closurefraud.org/2012/12/03/in-an-f-h-a-checkup-a-startling-number/#comment-405578 Tue, 04 Dec 2012 17:08:45 +0000 https://4closurefraud.org/?p=55754#comment-405578 In fact, GM implied that principle reduction on unaffordable liars loans would be a “bailout for banks”. Why? If these losses are coming from people who can’t pay let’s reduce their burden. And no, there is no moral hazard here, regardless of writers who dishonestly claim there is, the hazard exists in not helping people who are suffereing! We know what TBTF did – or have we conveniently forgotten about this? This blame the Gummint crap is expected from politicians, but G ain’t no academic, and propaganda is useful in hiding the fact that these are captive elements.
Taboo, can’t go there!

]]> https://4closurefraud.org/2012/12/03/in-an-f-h-a-checkup-a-startling-number/#comment-405560 Tue, 04 Dec 2012 01:41:02 +0000 https://4closurefraud.org/?p=55754#comment-405560 …which amounts to a Bank bailout, as it was with Fannie+Freddie. How about bailing out the affected homeowners or is housing really that low of a priority? A principle reduction would save the taxpayers money, something Gretchen can’t say, either she doesn’t know or isn’t permitted to say it.

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