an obsession with color, banks still stealing homes

Notes on painting from Oscar Bluemner's Theory Diary, 1920 Jan. 12

Notes on painting from Oscar Bluemner’s Theory Diary, 1920 Jan. 12. Bluemner’s notes in German regarding color theory, supplemented with watercolor samples. Oscar Bluemner papers, Archives of American Art.

 Bluemner’s notes in German regarding color theory, supplemented with watercolor samples. These papers are interesting in the context of obsessions. We’re told not to have them. The daily news is filled with the tragic results of unhealthy obsessions. Which may leave the impressions that there are no healthy ones. Bluemner’s obsession was  being the Proust of color. Nothing wrong with that. Though since I wasn’t there it wouldn’t surprise me if he drove his friends crazy on occasion.

 Turns out much-hyped settlement still allows banks to steal homes

The absolute least Americans can hope for from a major government settlement with a large industry over well-documented crimes is that the industry wouldn’t, after signing the settlement, just continue to commit the same crimes day after day. After all, following the tobacco industry settlement, cigarette makers did manage to stop advertising to teenagers that their product had no medical side effects.

But new evidence reveals the nation’s largest banks have apparently continued to fabricate documents, rip off customers and illegally kick people out of their homes, even after inking a series of settlements over the same abuses. And the worst part of it all is that the main settlement over foreclosure fraud was so weakly written that it actually allows such criminal conduct to occur, at least up to a certain threshold. Potentially hundreds of thousands of homes could be effectively stolen by the big banks without any sanctions.

One of the things state and federal officials agreed to was an error level below five percent. And they would not go storming in for another round of legal sanctions, with more fines. Now, with the benefit of 20/20 hindsight officials and public interest groups who are keeping an eye on the banks have noted that even under five percent that could add up, and probably is, to hundreds of thousands of people being forced out of their homes with fraudulent paperwork. Homeowners themselves could sue, but despite all we hear about how easy it is to sue someone, it can take years and a lot of expense before a homeowners gets a settlement.

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