Friday HousingWire ran a six-and-a-half page big bank/mortgage servicer propaganda piece called “Living Large“, by Tom Showalter. The article, subtitled “A person’s lifestyle plays into whether they will pay their mortgage after a loan modification”, purports to explain why people default on loan modifications. Instead, it spins a bank-exonerating morality play not justified by the data supposedly being interpreted.

Anarchy gets a bad rep. Usually, when one thinks of anarchy, one thinks of total lack of control, bug eyed terrorists running wildly through the streets hurling bombs at any moving or stationary target; moving gun battles raging through the streets as revolutionaries battle the forces of the status quo for control of the organs of infrastructure – radio and TV stations, railroads, airports, water treatment facilities; even the streets themselves.

For a couple of months now I've been off the "hamster wheel," as it's come to be known amongst those of us who have been on the front lines of mortgage fraud. That means I gave up the fight, moved in with my boyfriend, and said adios to the foreclosure victimization cycle that I'd been locked into like a federal prisoner doing 30 to the door for a crime I didn't commit.

This is what I did do, just for a recap. I bought a house, a house, let me point out, that had been willed to my mother when my grandmother died in 1988. My mother and stepfather fell prey to a "family friend," really upstanding fellow, sells tires, loves the ladies and the Republican party, inherited an oil company and tire business from his father and was my grandfather's best friend, even graduated with my parents in the same small town I've been born and raised as have generations of both sides of my famiily.

Taibbi over on Rolling Stone, took a well deserved swipe at Brian Moynihan is a post earlier this week. Seems the bank CEO is completely oblivious about what went on in his bank for a few years. And w...

Peg says at Mon Nov 26, 2012 12:51 am

I like this piece, Marty...I mean I really like it...
...can't even contribute to it...
Yep, she's Ollie North... LOL

I'm older than you and I too remember all that lying Presidential BS..

My, how things changed and remained the same...