In a long overdue settlement, the U.S. Department of Justice announced a $17 billion settlement with Bank of America for its role in causing the housing and mortgage crisis [“Bank of America settlement likely to benefit few,” Business, Aug. 21]. As a city resident with a Bank of America mortgage who is facing foreclosure,…More
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Column was elitist, out-of-touch Sharon Pian Chan should be ashamed of her elitist, out-of-touch column [“Why you should not buy a house,” Opinion, July 1.] Her basic premise — that homeownership is a bad idea — may have some validity. Economists are free to debate that. However, she is way out of line in moaning about the…More