Once again, the banks are given a pass for their criminal behavior, while homeowners are given the shaft: 4 million people wrongfully foreclosed on. Can they get their houses back?:
Imagine you are a homeowner who has made your mortgage payments on time. Or pretend for a moment that you have been informed you are entitled to relief or promised a modification. Now, imagine that in spite of all that, you receive a foreclosure notice, which the bank follows through on.
That is the reality for the 4 million people the banks wrongfully foreclosed on between 2009-2010. Tuesday, the Office of the Comptroller of the Currency and the Federal Reserve announced the beginning of payments for some of those people whose homes were wrongfully taken from them.
As Hayes explained in the clip above, "given the scale of the deception and error, the amount of money on the table for those who've been victimized, is in most instances, cartoonishly small."
Here's more from Salon on Alexis Goldstein's What You Can Buy for Having Your House Stolen Tumblr page -- Bank stole your house? Have 10 pitchforks’ worth of compensation: