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Banksters may give away foreclosed homes

So why did they foreclose in the first place, then? The perennial question:

Stupid, or evil?

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vastleft's picture
Submitted by vastleft on

“Everybody believes the finger pointing between the banks and the cities needs to end,” [Dayton's city planning director] Sorrell said.

okanogen's picture
Submitted by okanogen on

There's nothing left so they are moving on. They probably stripped out the copper and the fireplace mantles (7:10).

Lyrics from Woody Guthrie's "Pretty Boy Floyd"

Yes, as through this world I've wandered
I've seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen.

And as through your life you travel,
Yes, as through your life you roam,
You won't never see an outlaw
Drive a family from their home.

DCblogger's picture
Submitted by DCblogger on

they are truly oblivious to the suffering they have cause, as are Obama, Geither, et al

lizpolaris's picture
Submitted by lizpolaris on

If the bank (or the city) gave the homes back to the former homeowners (rather than the city retaining the property) the reinstated occupants would happily take good care of the property and begin paying taxes to the city again. This might also reduce the burden of people in the city's homeless shelter? Win-win-win.

As Lambert pointed out, the reason this perfect solution will never be implemented is that it would provide some benefit to poor people and even city governments are opposed to that.