Posted 2 years ago on April 6, 2012, 2:58 p.m. EST by GirlFriday
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The $26 billion national home foreclosure fraud settlement was a win for homeowners and justice, right?
Wrong, argues Scott Bailey, regional labor economist for the state Employment Security Department, in his latest “Southwest Washington Labor Market News” report.
Before breaking down Clark County’s job and unemployment figures for February, Bailey takes on the foreclosure settlement in a footnoted analysis under the “State of the Nation” portion of his report.
It’s lengthy but worth reading. Here it is in its entirety: http://www.loansafe.org/foreclosure-settlement-a-win-not-so-much