Unrepentant, Intransigent Lenders: Overplaying Their Hand?

''Two items provide further evidence that lenders not only have little sense of responsibility for the problem they helped create, but worse, their unwillingness to reform in the face of considerable public pressure. As we noted, with regulators capitulating in serious ways to their demands, so far this take no prisoners strategy looks like a winner. But the housing crisis is only in its early stages, and as it intensifies, the high-handedness and lack of remorse is sure to backfire''