Fink said policies introduced this year to reduce foreclosures are flawed because they don’t require home-equity loans to be wiped out before the mortgage is modified. 
News. Sept. 18 (Bloomberg) -- BlackRock Inc. Chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the recovery of the mortgage market while benefiting banks that own second loans on the properties.
My point. More of the same. Probably worse. The "too big to fail" financial companies became even bigger by acquiring competitors. Borrowers are even more in debt helped by the government. Is this the way to run a ship?
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