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Thursday
Nov032011

A Deal That Wouldn’t Sting

AFTER months of back and forth, a deal that is supposed to punish large financial institutions for foreclosure misconduct may be nigh. Cutting to the chase: if you thought this was the deal that would hold banks accountable for filing phony documents in courts, foreclosing without showing they had the legal right to do so and generally running roughshod over anyone who opposed them, you are likely to be disappointed.  Read the rest of the story here:  http://www.nytimes.com/2011/10/30/business/a-foreclosure-settlement-that-wouldnt-sting.html?_r=1