Again, then, we are rewarding the banks for failing the 401k and pension funds. If the houses are the banks’ assets, then they have a duty and obligation to the pension funds to see that the asset performs. I.e. when they don’t get a monthly payment, foreclose and sell it to someone who will pay.
Rhetorical question: What’s to stop them from doing this again now that they see they suffer no reprecussions, get rewarded and they have us over a barrel?
And please don’t come back w/new regulation when we can’t/don’t even enforce the existing ones.
