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Showing posts from November 20, 2011

Can the banks be directly blamed for the plight of those they wish to foreclose on?

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I, for one, am interested in whether a actual link can be made between the banks and those people upon whom the banks are so actively foreclosing. Can some research follow a chain of custody that leads directly from the underwater, unemployed, homeowner to their former employer, to whatever entity financed that former employer. In the research that I envision, analysts would speak to homeowners who had lost their jobs and were now on the verge of losing their homes. Eventually the research would begin to profile people who were recently laid off, but a good start would be those who have the greatest need. The analyst would then root out where the company of the person with the hardship received the credit that allowed it to make payroll month in and month out. Said analysts would then expose the bank that refused to loan money or extend credit to keep the company operational, especially those that received any of the bailout money from the federal government. It is my hope that throug…