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Fed Report Defends Banks, Finds No Wrongdoing

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 :: Unemployment Discussion :: Bankrupcy/Foreclosure

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Fed Report Defends Banks, Finds No Wrongdoing Empty Fed Report Defends Banks, Finds No Wrongdoing

Post by Guest Thu Mar 10, 2011 3:40 pm

Not surprising, the Fed has found no wrongdoing with mortgage banks. This doesn't surprise me since the Fed only exists to protect Wall Street and such a ruling would cause a dramatic drop in the stock market ...

http://www.huffingtonpost.com/2011/03/10/fed-reports-finds-no-wron_n_834010.html

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Post by gettheminNOVEMBER Thu Mar 10, 2011 3:43 pm

The game was rigged from the start. They will take even more risks now that they got away with it. MAD
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Post by Guest Thu Mar 10, 2011 3:54 pm

They're about to get hit again.

There's a new "real estate bubble" that is looking for the mortgage industry ... the farming real estate. Apparently, it could happen sooner than they think:

http://www.nytimes.com/2011/03/04/business/04farms.html?_r=1&partner=rss&emc=rss

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Post by great4545 Sun Mar 13, 2011 4:44 pm

I just want them to hurry up and forclose on my house so I can move on wtih my life.

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Post by Jobless_in_Ma Sun Mar 13, 2011 4:56 pm

great4545 wrote:I just want them to hurry up and forclose on my house so I can move on wtih my life.

It took almost a year for them to foreclose on our place..
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Post by chopthis91 Sun Mar 13, 2011 6:11 pm

The Feds shareholders ARE THE BANKS so why would the Fed say anything against itself?
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Post by jchapman Thu Apr 14, 2011 6:04 pm

http:finance.yahoo.com/news/In-Financial-Crisis-No-nytimes-220826417.html?x08.v=1

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Post by americatheneedy Thu Apr 14, 2011 6:34 pm

wonder how much that report cost the big banks???
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Post by pbrad009 Wed Sep 10, 2014 6:45 am

Please stop complaining about banks. A good thing to do is build up your credit score then you can get lower interest payments on your next loan. Make their system work in your favor.

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Post by lizalphonso Fri Sep 19, 2014 12:15 am

pbrad009 wrote:Please stop complaining about banks. A good thing to do is build up your credit score then you can get lower interest payments on your next loan. Make their system work in your favor.

You do realize you are posting this advice on an UNEMPLOYMENT forum? Not the sharpest knife in the drawer, huh? Generally it is almost impossible to improve ones credit score while out of work, just sayin......

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Post by pbrad009 Sun Sep 21, 2014 12:26 am

Lizalphonso, what positive advice do you have for us? Or shall we just be satisfied with your putting me down?
Assuming you're correct about the credit score, then how would you remedy the problem? Suggesting the banks are evil and manipulative is not going to fix anything.
A positive attitude and outlook are key. If you're facing foreclosure, God may have another home in store for you. If you lost your job, there may be a better paying position opening soon. Millionaires win - and lose - fortunes on a regular basis. So don't think it only happens to the little guy.
Banks and other mortgage lenders were only operating under government regulations, and had to keep afloat by raising the rates on the ARMs.
I hope you eventually find happiness and contentment.

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