Follow Barack Obama prior and during his tenure as the 44th President of the United States. Read about my personal observations along with every day facts as they happen. This blog will only submit factual information about the first black President, now in his 2nd term of office.
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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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