Lords of the Manor—That Foreclosure Business:

Two million homes are in foreclosure, and perhaps as many as two and a half million more are dangerously close. We've all heard by now of the scandalous way the paperwork has been processed, including the story from Florida (naturally) of the man who owned his home outright, being evicted from it by a bank who had never loaned him any money at all.

Today's Washington Post tells the story of the madness surrounding the process of banks' attempting to dump as many people into the street as possible. The approach appears to have been the same as attempting to sandbag a levee during a flood. And that's putting it nicely. When it comes to banks, the one thing we can all count on is that they are in it for themselves.