Tuesday, October 19, 2010
Could the US repossession scandal sink the banks again?
Could the US repossession scandal sink the banks again?
There's another scandal brewing in the US property markets, where banks are repossessing properties they may not technically own. John Stepek looks at what's going on, and how it could affect the banks and the broader economy.
Posted by damien @ 04:06 PM (1222 views)
2 thoughts on “Could the US repossession scandal sink the banks again?”
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icarus says:
Poor article, weeks out of date. It’s much more than unfinished paperwork that can be finished given time and it’s rather more than just lawyers having a field day. See my old post http://www.webofdebt/articles/foreclosuregate.php
Crunchy says:
Sink the banks again? I thought that it sank the public last time.
Let’s be straight headed about it this time.