So much for enforcing the law….:
The Obama administration has already unveiled its plan to stem the rising home foreclosure rate, but with foreclosure scams also increasing, the administration today announced a multi-agency effort to crack down on scams that prey on struggling homeowners.
“Just as this administration has intensified our efforts to help American homeowners, those who would seek to prey on the most vulnerable are intensifying their tactics as well, often through purported mortgage modification and foreclosure relief companies,” Treasury Secretary Tim Geithner said at an announcement in Washington. “These are predatory schemes designed to rob Americans of their savings and potentially their homes.”
The FBI is currently investigating more than 2,100 mortgage fraud cases, up 400 percent from five years ago
Hip Hip Hooray, Obama is enforcing the law! Well, perhaps not. 🙄
Judicial Watch reports that the two biggest corrupt lenders; Fannie Mae and Freddie Mack, have broken the law for years. What excatly is President Teleprompter and his attack Dog Tim Geithner AKA Eddie Haskel doing about this?
*crickets*
You guessed it! Not a damn thing……. So much for all the “Hope and Change” and a new direction in America. As I long suspected a very long time ago, it is simply more of the same from an empty suit, who’s big on speeches and low on substance.
Update: Hello to all the Freepers reading this! 😀 Please take a look around, you might just like it here. 🙂