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Oh the humanity. The banks foreclosed on people they should have foreclosed on. Their guilt? In having Mers unable to track clear title. That’s probably worth 25 billion. But you make yourself sound like a welfare recepient when you suggest that there was some real evil underpinnings here.

Got your hand out?

The banks foreclosed on people they should have foreclosed on.

There were many cases in which they took or attempted possession of homes upon which the mortgage had been completely paid off. It took a lot of money on the part of those folks to clear a bogus MERS record.

But you make yourself sound like a welfare recepient when you suggest that there was some real evil underpinnings here.

Your grammar is lousy, you can't spell even with a checker in the window, and you know nothing of what the case is about. Then you go making bogus suppositions about me. And I'm supposed to take you seriously? Really?

Oh, an apologist for the poor, uninformed Banksters. Yep, they never saw those sharpster peasants coming, and were cozened by all their intricate, convoluted schemes for bilking the financial naifs working at the banks.

Here's an administration press release from the New York Times for ya:

Mortgage Plan Gives Homeowners Bulk of the Benefits

Yeah, the poor old Big Banks once again get nothing but The Shaft. Well, except they won't get prosecuted for fraud and perjury, and the attorneys-general will sadly announce at a later time that the statutes of limitation clock has been "accidentally" run out.

And the Big Banks will get to stick the bill for all this on the chumps (pension funds and the like) who bought the RMBS crap.

AND. They'll get to pick exactly which mortgages they're going to write down the principal on, which will be the ones with HELOC seconds that are underwater.

But what I just wrote probably translates to you as "waa waa waa-waa waa waa, waa waa deadbeat borrowers make out waa waa".

I've got a math exercise for you, to prove how dumb the Bankers really are:

You have $10,000 dollars in a savings account @ 0.25% at Bank of scAmerica. How much do they owe you after a year?

You have $10,000 on a credit card @12.99% at Bank of scAmerica. How much do you owe them after a year?

There are online compounded interest calculators all over the Internet if you need help with this little math problem...