Sunday, January 22, 2012

Corporations are people with Robots

Headline and lede from Fox Business website:

US HUD's Donovan: 'Very Close' To Robo-Signing Settlement

U.S. Housing and Urban Development Secretary Shaun Donovan said Wednesday that a pending settlement of an investigation into banks' foreclosure-processing problems would benefit about 1 million families with cuts in the amount they owe on their home loans.

Headline and lead from Daily Kos:

Obama to Grant Banks Robosigning Immunity in Showdown With Breakaway AGs


Without considering the guilt or innocence of the five major banks involved, the Obama Administration is poised to let Wall Street off the hook for foreclosures where as many as one million borrowers were "harmed" by robo-signing practices.

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