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The Lies and Conflicts Of Interest That Are Our Political Class and Banks by Walter "Bruno" Korschek

Nov. 3, 2010? Modigliani?s $68.9 Million Woman Auctioned At Sotheby?s ? produces a record-breaking sale to begin the Fall Art Auction season.

In October 2010, several big banks like JP Morgan Chase and Bank of America have admitted that they have employees sign a huge selection of documents each day for houses in foreclosure even without scrutinizing these.

"The centerpiece of those enhancements is often a program of earned principal forgiveness that addresses severely underwater mortgages by incorporating of the highest rates of delinquency," Barbara Desoer, president of Bank of America Home Loans, said in the statement. "At once earned principal forgiveness helps homeowners, it also recognizes and addresses the interests of mortgage investors by making sure forgiveness is associated with the homeowners? performance, decreasing the probability of the next default beneath the modified terms." How will this system help the bank's balance sheets? It is speculated how the mortgagers usually are not planning on paying down these loans and in reality are strategically walking away from homes. So, what can they have to lose? Oh yes....in addition the government ought to loan money to banks that participate. This is to pay the losses. And other major lenders like Wells Fargo and CItiMortgage are providing mortgage write-downs to certain borrowers. Is this another bail-out in disguise?


This app has a clean interface and you will believe it is simple enough to work with. It is very like the design of the Bank of America online site. As an important side note, you need to know that in order to use this app you need a Bank of America online account. You can subscribe to on the Bank of America website should you not have one already.