B of A Parallel Foreclosure CONFESSION

Sunday, January 16, 2011

Washington Post Article, "Now we're supposed to believe that Investors are on the side of the HomeOwners"?


I have some empathy for REinvestors who invested in bank created securitization programs. But reinvestors are being called investors, and this has to stop. The Washington Post just perpetrated this falsehood in an article about alleged "investors" wanting to align with homeowners.

During 2007, I recall reading that stock market analysts were big on non hardware based businesses. It became tough being a hardware based company that actually made things that people would be able to use for several years because once the hardware was purchased, the chance to make after purchase related sales was not as likely as if a company was selling selling software.

So I find it insulting, misleading, deceitful, opportunistic, and possibly fraud, when I hear those who didn't invest in the brick and mortar construction of homes, as "investors". They are RE-INVESTORS and they should hold no sway over a home owner attempting to re-finance their home and banks should not be using these reinvestors as a reason to deny a re-fi.

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