Heyyyy, guess who is suddenly in favor of allowing bankruptcy judges to modify mortgages? Banks! Or, more to the point, Citigroup is kind of okay with it, they guess, if they have to, and so maybe more banks will also tuck their tails between their legs and halfheartedly welcome our new judiciary loan officer overlords.
Citi sent some of its best and brightest to Capitol Hill so it could be sure it got its grubby hands on yet more legislation, negotiating with senators on just how much control bankruptcy courts will have over mortgage repayments. Considering how much money Citi has received from the TARP, we here at LOLFed think a fair amount of control would be “total”.
More on this topic
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AMERICANS’ ECONOMIC OUTLOOK ISN’T RISING WITH THE MERCURY
(THE PRAGMATIC CAPITALIST, 8/3/10)
Story Stocks: Citigroup (NYSE:C), Bank of America (NYSE:BAC), Target (NYSE:TGT)
(Jutia Group, 8/18/10)
The Wages of Sin: Former Citi Execs Pay Token Fines for Lying to Investors
(naked capitalism, 7/29/10)
Lolo, ESQ // Jan 8, 2009 at 12:26 pm
surprised they can find the hill since 99% of their time is spent at Tosca or Central
Cesar Cardoso // Jan 8, 2009 at 12:26 pm
+1 for the WSJ-like rendition of The Bandit
Jason // Jan 8, 2009 at 12:27 pm
I am sad that putting a bandit mask on Calio might have been too obscure for anyone who is not Lolo or me.
Lolo, ESQ // Jan 8, 2009 at 12:51 pm
omg calio is so ugly he should wear a bandit mask
pants // Jan 8, 2009 at 11:18 pm
wow, i am just looking in awe at the WSJ pic of the Bandit. well done. i bow before you.
Jason // Jan 9, 2009 at 10:36 am
You’d think I was a total fraud if I revealed how I did it, so I’m never going to do that.
LOLFed » Nerdfight! // Jan 9, 2009 at 6:41 pm
[...] with the changes was supposed to encourage other banks to do the same? You should, it was just yesterday. Well, part of that didn’t happen. The American Bankers Association is maaad, or at least [...]