Obama Veto's Foreclosure Practices at Banks
Friday, October 15, 2010
Just as you may expect, President Obama is getting involved with bank forclosure mistakes, as President Obama vetoed a bill recently that would have made it essier for banks to evict homeowners. Now wny would he do that? Maybe it's because there are people at the banks trying to take advantage of homeowners. Banking careers are almost considered sacred these days, but just maybe you could do a better job than some of the bankers today. Basically, it is the system that banks like Bank of America, GMAC, Ally, Chase and PNC Bank are using. The President wants these banks to re-evaluate the systems that they use for foreclosures.
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