In these modern times, looking back and dealing with offenses is old fashioned and out of place in modern society!

Read (from the Huffington Post) –

The HUD secretary said, however, that the administration is focused on ensuring future compliance, rather than on looking back to make sure homeowners and investors weren’t harmed during the reckless boom years. The administration is “committed to forcing institutions to change the way that they conduct business,” Obama’s top housing official said, “to make sure these problems don’t happen again.”

So, if a bank took your house without actually owning it or charged you for payments you already made or broke a refinance agreement with you, that’s okay but if they do it in the future that will be bad and something will have to be done. Get the logic. Look forward not back.

Now, you may remember something else that the HUD secretary said. It goes like this – “Where any homeowner has been defrauded or denied the basic protections or rights they have under law, we will take actions to make sure the banks make them whole, and their rights will be protected and defended,”

That’s just odd. You see, one statement contradicts the other. We can’t have justice for past events if we’re not going to deal with past events.

Maybe you don’t understand. I don’t either.

To be frank, I don’t think they understand.

I think we better look to the States for enforcement, because these guys just don’t seem interested.

James Pilant