Wall St blames homeowners in foreclosure fiasco

   I'm ambivalent on the opinions of Wall Streeters who scalp their earnings and profits from the backs of the general population whom they despise. Okay, maybe that was harsh but it's true. People in positions of power don't find the unwashed masses agreeable. That's why the ultra-rich and nouveau-riche build fences and gates around their estates and seclude themselves in protected enclaves to huddle with their own kind. In a Reuters article titled "Wall St blames homeowners in foreclosure fiasco,"  I have to grudgingly agree with the following statement:

"Wall Street's reaction to the allegations that some banks cut corners while foreclosing on 3 million homes since 2007: Pay your mortgage in the first place.

Those on Wall Street, however, are largely unsympathetic, insisting that possible errors in the foreclosure process are beside the point, that the process begins only when a borrower starts missing mortgage payments."

   It's true that the foreclosure process only kicks off when a borrower misses payments but should it really just be business as usual without regard as to why the borrower has missed payments? I understand that altruism isn't part of the Wall Street vernacular and it's a shark-eat-shark world out there but a part of me feels there should be a little more compassion and a willingness to work with borrowers. That won't ever happen though because banks are huge corporations and once they get that big, they lose their humanity and become more machine-like even though it's still humans that operate within the corporation. What's the primary driver of corporations? Profit. Greed. Avarice. It's as simple as that and the reason why robo-signers, foreclosures, and the whole dang real estate mess ignited into a conflagration in the first place.