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"Rather than punishing banks for misdeeds, the administration is now focused on helping troubled borrowers in the hope that it will stanch the flood of foreclosures and increase consumer confidence, officials involved in the negotiations said."
LOCK 'EM UP AND THROW AWAY THE KEY!!!
He could be a hero for a generation if he would just send this rotten clique of corrupt bankers to jail for life.
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Where is the outrage?!?
Maybe the way to stop illegal and fraudulent foreclosures would be to give long jail sentences to people who do it. Hello?!?
This is like working with muggers, rather than punishing them, in the hopes it will stanch the rash of muggings.