The Wall Street Journal is reporting that federal government checks, yes, from the same government that will implement ObamaCare later this year,
are bouncing, as in failing to clear:
Borrowers who have spent two years waiting for banks to compensate
them for potential foreclosure abuses ran into a new problem this week:
Checks sent as part of a $3.6 billion federal settlement wouldn't clear.
It is the latest black eye for a federal foreclosure-review that has
been criticized by homeowners, lawmakers and a government watchdog.
Fewer than 12 borrowers were unable to cash checks, but the incident
is another embarrassment for federal banking regulators already faulted
for prematurely halting the review and not securing more money for
affected homeowners.
I can't make this stuff up.
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