Banks skate because of who they know

I have to correct a statement made by Anna Marie Kukec in your business section that ran Aug. 11. The statement read, “The robo-signing controversy started in October 2010 when some major lenders were accused of allegedly signing foreclosure documents without thoroughly reading them to process them quickly.”

Previously in another article in this newspaper about foreclosures (not sure who wrote that one) the article stated that the controversy was about homes being “wrongfully” foreclosed on.

The media keeps misleading the public concerning what the actual controversy was about. The actual controversy was that all major lenders, not just “some” as is usually stated, illegally manufactured documents that never existed. Then they paid people $10 an hour to assume a fictitious title and sign their name along with the fictitious title to the illegally manufactured documents.

Now, if the media actually told it like it happened, maybe we would actually see a couple of CEO’s go to prison for these illegal acts. My question is, what’s the difference between other large businesses and the large banks. Answer: Political bedfellows in high places, namely our government.

And you can take that to the bank.

Debra Seitz

Broker/Owner

The County Land Company

Wasco