Thursday, August 26, 2010

Chase Bank and Obama's "Make Home Affordable" Scam

by Ted Rall from Common Dreams

As another casualty of the economic collapse, the author reports on his personal experience with the Obama administration's touted "Make Home Affordable" program that is supposedly designed to help distressed homeowners stay in their homes. Guess what? It ain't what it's cracked up to be.
At this time I would like to express my unvarnished admiration for the ruthless cynicism that led the executives at Chase Home Finance to conceive of a fake lending branch entirely dedicated to increasing foreclosures, improving their public image, and driving distressed homeowners crazy.