The controversy over the properties of the exclusion of the right bank continues to grow

At the end of September reports, the number of properties of the exclusion of the Bank is a whopping 71% in the previous year. The main cause of these amazing figures lies with mortgage banks and lenders. During the well advertise "ownership society", only a few years, the banks were lending to many people who were not clearly qualified to take out a loan that is not compatible with their income. Recently revealed, largely by corporate fans whistle, mortgage agents were encouraging applicants not not relevant information and even to inflate their income in the paper, so your loan were for. Many of these borrowers could hardly make payments to lower initial rates. When kicked of the highest rates, the number of properties of the exclusion of the Bank began to increase rapidly, almost none of these owners, then, they were able to meet mortgage payments. It is disingenuous to suggest that banks not to see the next. However, receiving money for some time, including interest and either late fee may be involved. While borrowers default, banks in general, no to don't try re-negotiate the lowest rates in the order of the borrower to avoid exclusion. The result? People lost their homes, their investments and their credit situation. Millions of properties in exclusion Bank flooded the market. Often, collapsed the values of homes in neighborhoods across the country. Consequently, persons belonging to houses and made their payments now face values of properties that are very below due it to their mortgages. Perhaps what future properties of the exclusion of Bank in the manufacturing sector. Banks $ 700 billion rescue plan is a veiled reward penalty, leaving banks hale and hot, imposed on taxpayers with this debt for future generations. Since the initial approval of the Bank rescue AIG blatantly released a portion of $440,000 to celebrate preferring, considering that they and other bank failures have thrown millions in packages "golden parachute" in CEOs, which logically and ethically were responsible for the manufacture of loans in the first place. At the same time, banks were still denying loans to other banks. Now, is moving apparently $ 2 billion between them and not to disclose who are ready! Other controversial issues arise in this scandal of properties of the exclusion of the Bank. Values waterfalls make this market of buyers. With the current credit crisis may soon be eligible. This invites foreign investment which is a sign for our economy. Why all those who have already lost their home, pre-bailout? Why the Government wait for exclusion of the Bank properties had come to the point of crisis? In addition, this rescue from owner Bill addresses only owners are less than 3 months ago, the majority of property need is worth and facing imminent exclusion. It is only 20% of the crimes of the mortgage. Will this make a real difference to resolve crisis ultimately? It remains to be seen what will be the final solution to the problem of the properties of the exclusion of the Bank. Raises the question is how much faster pourrait economy be stimulated if some $ 700 million has been paid to workers, instead of buying up debt bankers has failed and unscrupulous? for rescue on top, some of this money give work - people stimulate the economy, if anyone is eligible, consumers are not buying, small business is business, loss of employment