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Irony: Gov’t foreclosure settlement checks bounce (Sequestration !!!)
Hot Air (Green Room) ^ | 4-17-2013 | Ed Morrissey

Posted on 04/17/2013 10:14:38 AM PDT by Sir Napsalot

I swear, you just can’t do political satire these days, because reality turns out to be so much more ironic:

"The foreclosure abuse settlement that was intended to speed relief to homeowners is ending as it began: with controversy and complaints that the program isn’t working."

"On Tuesday, some of the first people to receive payouts under the $9.2 billion deal between federal regulators and the mortgage industry called into a government hotline to report that their bank would not cash their check, the Federal Reserve announced in a press release. Though the unspecified problem was resolved, the Federal Reserve noted, the episode is likely to further erode confidence in a program that has failed to deliver on almost every promise made by federal regulators. … "

(Excerpt) Read more at hotair.com ...


TOPICS: Government
KEYWORDS: fedchecksbounce; foreclosures
Barney Frank to come along 3 2 1 ..... SEQUESTRATION!!!
1 posted on 04/17/2013 10:14:38 AM PDT by Sir Napsalot
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To: Sir Napsalot
"Barney Frank to come along 3 2 1 ..... SEQUESTWATION!!!"

Fixed.

2 posted on 04/17/2013 10:21:37 AM PDT by ZirconEncrustedTweezers (Some people take there grammar way to seriously.)
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To: Sir Napsalot

Sorry to spoil the fun, but these checks are from the banks, not the government.

However, it does seem like nobody can do anything right any more.


3 posted on 04/17/2013 10:38:49 AM PDT by proxy_user
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To: Sir Napsalot

Just wait until the EBTs go empty.


4 posted on 04/17/2013 10:39:21 AM PDT by DownInFlames
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