I WANT MY CUT DAMN IT!
Today Diane Olick wrote about her personal views on the foreclosure settlement:
Principal write down, forgiveness, whatever you want to call it, will be the big sticking point and the whatever billion dollar number will be too much and not enough at the same time.
I just have to throw out my own caution that if and when banks are forced to lower the amount of America’s mortgages, suddenly you are going to see a whole lot more Americans “unable” to pay back what they promised. Those of us who are paying what we owe will get nothing, and this will be the overwhelming, and everlasting lesson of this latest crisis in history.
I will disagree and say this… Although I do understand your frustrations Diane, I think the “overwhelming and everlasting lesson” will not be your ideas but instead the overwhelming result of millions left homeless who were victims of the greatest scam uncovered in US history. Lastly, crime did pay with be the everlasting lesson IMO.
