Bankers continue shameful ways with homeowners

The nation's mortgage bankers -- meeting in Los Angeles this week -- remain unrepentant about their role in the economic crisis facing this nation and its people losing their homes.

In an interview this evening on CNBC, officers of the association representing these pillars of integrity complained that they're calling homeowners in distress ... yet they're not getting answers in return.

Bankers say they want to meet with these people one-on-one. But that's the reason no one is answering them.

Too many cases are out there of such private meetings in which people say they were told their mortgages would have fixed rates, only to learn the notes became adjustable ones after two years. And then the meltdown began as rising home prices plumetted.

Now people are living out of their cars with their children. Political extremists on the right have tried to blame this crisis on forced lending by government edict to the poor and people of color -- particularly blacks and Hispanics.

They're wrong. This crisis belongs to non-discriminatory greed that continues to darken this nation and its future.

Indeed, home sales have turned up in California, CNBC reported. But two thirds are sales of foreclosed homes.

The CNBC interview with the mortgage bankers was a shameful one, indicative of an industry bailed out with our tax dollars without having to change the shocking way it does business.