Reality Check-

The latest example of bankers running our country is the weak mortgage servicing standards proposed by the Consumer Bureau.

Revolving Door Smacks Consumers Around

Hmmm… how come the rules are so bad, given mortgage servicers’ rampant fraud, predatory servicing and gross incompetence, all of which has been well documented by law enforcement (albeit not effectively prosecuted)?

I have no inside scoop. But here’s someone who does: Leonard Chanin. He supervised all of the Consumer Bureau’s rule makings as its “Assistant Director for Regulations.” Guess what? Last month he left the Consumer Bureau to join Morrison & Forrester.

[REALITY CHECK]

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