It is the fault of the banks FOR NOT STANDING UP AGAINST A DISHONEST PRACTICE. This Administration is as dishonest as the day is long. This DOJ is as racially prejudiced as Hitler. This AG is both. When will the shareholders force the issue. class-action case against the banks’ boards is in order?
They don't care. As long as Fannie Mae will swallow the bad mortgages and the banks get to keep their origination fees they're good to go. The taxpayer's on the hook to backstop Fannie Mae's losses.