Sunday, November 07, 2010

Banksters

I've tried but really don't know how to inject fraudclosure in the political press. The rest of the press is covering it, but the political reporters just don't seem to think it's an issue.

LOS ANGELES - Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and signed up.

The Cacsos say they never missed a subsequent payment, so they were horrified when the bank decided the smaller payments weren't enough and foreclosed on their modest Long Beach home.