The effort to spin the foreclosure problems in the banks favor is gaining speed not that banks have realized their trial balloons did nothing to sway the public. The spin started a long time ago but the heavy artillery is coming out now. The banks are now strapped in two ways:
1. Strapped for cash as home values continue to decline and they play accounting games revealing their hubris and sense that they are above the law.
2. The are loaded for bear with the heavy weapons. They have not given in and are spending millions, if not more on propaganda and attorneys to try and cover up there indiscretions that have cause the melt down in housing.
Another great story at 4closure defense nationwide click this link for more information on foreclosure gate.
Wednesday, November 17, 2010
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