I’m not one for conspiracy theories. Roswell, N.M. has kitsch, nothing more. Despite Oliver Stone’s magic bullet, Oswald did in fact kill Kennedy. But the recent BofA mortgage disaster has me wondering. Gumshoe detectives don’t like coincidences, and neither do I.
The administration didn’t get the foreclosure stall they originally wanted, but I’m sure they’re happy with this instead. And it is October, the month of the notorious election surprise. If the mortgage paperwork was pre-sorted, and it required nothing more than a signature, then it would follow that not every page of identical legalese would be read before closing. J.P Morgan Chase and Citigroup appear to have engaged in the same practice, but have managed to avoid the level of acrimony thus far directed at BofA. If it is a short-term cynical play (which, truth be told, I don’t really believe) it will have long-term consequences. From the Wall Street Journal: