Matt Stoller: Obama's financial practices 'Dishonest Pretend Schemes'

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Matt Stoller: Obama’s financial practices ‘Dishonest Pretend Schemes’

Matt Stoller: Obama’s financial practices ‘Dishonest Pretend Schemes’

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According to a whistleblower’s complaint unsealed in federal court yesterday, Bank of America NA prevented homeowners from receiving mortgage-loan modifications under the federal government’s HAMP program in order to avoid millions of dollars in losses, while benefiting from financial incentives for participating in the program. It raises a lot of questions about all of the new assistance Bank of America is supposed to provide through the recent fraud foreclosure settlement. Roosevelt Institute’s Matt Stoller discusses.

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One Response to “Matt Stoller: Obama’s financial practices ‘Dishonest Pretend Schemes’”

  1. nydeemarie says:

    America’s Largest Tent City

    http://www.youtube.com/watch?v=tGxKdDinkKk

    While the government claims that unemployment was 8.8% in March of 2011 a truer figure could be nearer 20% if not above.

    More than one million U.S. homes were repossessed by the banks in 2010

    http://endthelie.com/2011/04/10/americas-hidden-shame-tent-cities/#axzz1orD2u0OD

    Obamaville Shanty Towns Spread Across America

    http://www.shtfplan.com/headline-news/obamaville-shanty-towns-spread-across-america_07012010

    Economic Woes Lead to Proliferation of Tent Cities Nationwide

    Read more: http://www.foxnews.com/us/2011/08/11/economic-woes-lead-to-proliferation-tent-cities-nationwide/#ixzz1orEtzUmN

    http://www.businessinsider.com/lakewood-new-jersey-homeless-tent-city-2011-9?op=1

    U.S. Cities Criminalize Homelessness, Violate Human Rights Agreements

    http://www.huffingtonpost.com/2011/08/26/us-cities-criminalize-homless_n_938095.html

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