Any Mortgage/Foreclosure gurus?

The banks issued too many loans without even checking if the info-work history, salary was correct. They used robo signers who didn't even look at the paper work.

The banks figured home values always increase, so worst case they just take the home away and re sell it.

All the banks did it and drove home values way too high.

Yes the D's pushed for more people to buy homes but banks were not careful the least on who they issued loans to.

Not much has been learn, Chase Bank loses 2 billion in 2 months by their big shot 14 million dollar a year banker in Europe. And yep, if JPM needs a loan uncle sam will bail them right out, cause they are too big to fail