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| ShameTheBanks.org is Gaining Momentum Also up at the Huffington Post Since www.shamethebanks.org was launched on March 23 and announced on the Huff Post, the site has received thousands of visitors. Homeowners have been submitting stories, commenting on articles and stories, and downloading hundreds of mortgage related documents that are available on the site. The content on the site has received over 13,000 hits and continues to gain momentum. In the site's short time on the web it's been featured on moveyourmoney.info, with the tag line, "Want to tell people how you were abused by the big banks? Share your story at ShametheBanks.org,where you can read other horror... |
| ShametheBanks.org -- Tell Your Story You can also see this story on Huffington Post Why ShametheBanks.org? Because it's been over a year since the Obama Administration and Treasury announced the Making Home Affordable plan, also known as HAMP. The plan was supposed to potentially help nearly six million struggling homeowners by lowering monthly mortgage payments and in some cases reducing principal. Several months after the plan was announced the Obama Administration, seeing that lenders had no intention of really helping borrowers, decided to try to shame them into modifying mortgages and subsequently published the monthly results of the plan. Needless to say this had very little effect on... |
| I Refuse to be Ripped Off This post is also published at Huffington Post I've about had it with getting screwed by banks and watching while they continue to pick our pockets without even showing us the respect of being sneaky about it. In addition, this all happens while Congress not only sits and watches, but applauds and rewards their behavior. I refuse to be ripped off and my only recourse is to not pay. While there have been smatterings of protests and outrage from Arianna Huffington and the Move your Money Movement, Marcy Kaptur telling homeowners to squat in their homes, Ben Pavone threatening to sue Bank of... |
| New York Times Norris gets it wrong This post can also be found at the Huffington Post After reading Chief Financial Correspondent Floyd Norris' blog entry in The New York Times last week it's easy to assume that he's suffering from some weird journalistic version of the Stockholm Syndrome. In his post, "Are Banks Losing Lots of Documents?" he responds to e-mails he received in response to his column from the same day titled, "Why Many Home Loan Modifications Fail" in which he speculates, with the helpful guidance of J.P. Morgan Chase employees that it may be the fault of homeowners who aren't submitting the necessary paperwork to banks. In... |
| Shaming the Shameless? Well, Treasury's at it again. They're going to shame the banks into modifying mortgages. Geithner may even put his hands on his hips and wave his finger at them. Maybe we'll get lucky and he'll rattle off another profanity-laced-tirade like he did to bank regulators in August. That'll really have them shaking. August seems to have been the month for scolding's. It was in August that we felt the chilling winds of shame blowing across what was left of our economy when Michael Barr, Treasury's assistant secretary, said, "I think we've been disappointed ... about their performance in helping people in a... |
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