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View Diary: William K. Black to FDIC/Obama: Stop the Friggin Fraud (178 comments)

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  •  True, but the lender's sin was greed. They new (1+ / 0-)
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    they were going to package and sell the loans anyway, so it didn't matter to them.

    "Because I am a river to my people."

    by lordcopper on Fri Oct 22, 2010 at 03:56:35 PM PDT

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    •  That's neither here nor there from (4+ / 0-)

      the perspective of the borrower. The truth is that with HAMP, no borrower who really wants and can handle a mod is not being offered one. Defaults that result in foreclosure are situations in which there really is no other way. And if the bank lied to an investor, it is up to the investor to sue. It is not a reason for the borrower to get his loan rescinded.

      I'm in the I-fucking-love-this-guy wing of the Democratic Party!

      by doc2 on Fri Oct 22, 2010 at 03:58:58 PM PDT

      [ Parent ]

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