Deceptive Practices in Foreclosures - "The Highest Standards In The Industry"...

It wasn't us !!

Don't have to look too far these days to find evidence that "reform" in the banking industry may not yet have "taken hold". You might even start to suspect that b*@ks don't really "get it" about reform, or perhaps don't really want it, or astoundingly, after all that's gone down, don't really believe they even did anything wrong.

Latest piece of evidence, that all is still not right with the banking world, reared its ugly head in a NYTimes editorial ("Deceptive Practices in Foreclosure" - 9/13/2013) which describes "end game" abuses by b*@k hired foreclosure agents working in Illinois.  Safeguard, the largest hired gun in the "kick-em out" industry, has the starring role in the lawsuit filed by the Illinois Attorney General.  

"B*@ks are responsible for vetting, supervising, and auditing contractors, a category that clearly includes property management companies  It starts out innocently enough.  It doesn't always go that way. " 

"The suit accuses Safeguard of breaking into homes despite evidence of occupancy, damaging and removing personal property, cutting off utilities and bullying occupants into leaving their homes when they have the legal right to stay."

"Profit and expediency seem to have trumped due process yet again."

And what is the response from that largest of the largest, professional "breaking and entering", b*@nk-agent surrogate firm, Safeguard?

"Safeguard has said its work meets...

..."the highest standards of the industry."

Well, say no more !!!