Joe Nocera: The Foreclosure Fiasco

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Joe Nocera: The Foreclosure Fiasco

Joe Nocera: The Foreclosure Fiasco

NYT-

It’s been five days since Jessica Silver-Greenberg’s article on the latest bank settlement was posted on The New York Times’s Web site. I’m still shaking my head. Her “story behind the story” of the $8.5 billion settlement between federal bank regulators and 10 banks over their foreclosure misdeeds illustrates just about everything that is wrong with the way the government has handled the Great Foreclosure Crisis.

Shall we count the ways?

[NEW YORK TIMES]

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