Occupy Wall Street Public date: 10.08.2017 19:47:16

31 Oct 2011

The Worst Deal They Could Cut

This banking deal that I have been writing about for the last week was the subject of a great piece by Gretchen Morgenson in the New York Times, and as more details emerge, it looks even worse than a lot of us who have been following this issue thought it would be. We already knew that the $25 billion fund being created would only cover 5 percent of the underwater mortgage foreclosure problem, but Morgenson reports that most of the $25 billion isn't from the banks themselves, but from taxpayers.
This banking deal that I have been writing about for the last week was the subject of a great piece by Gretchen...

Leave a Comment

Your email address will not be published. Required fields are marked *

Name *