Shock Therapy for Wall Street: JPMorgan Suspends 56,000 Foreclosures; GMAC and BOA Many More

Web Of Debt @ Truthout - “Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”

--Economist Karl E. Case, quoted in The New York Times.

The hits are coming fast and furiously. It appears major Wall Street mortgage lenders could again be in serious trouble – and looking again for handouts. Read more.