It is hoped the new agreement with major banks and the government to have a positive impact on the state of the economy. With economic conditions in the housing market still very bad, we can laud the government for taking a step in the right direction.

The state of the economy is improving but the economic conditions in the real estate sector remain a drag. Far from being back to a solid footing, homeowners continue to lose years of painstaking work on building their equity. Poor choices in mortgage loans and other negative economic conditions have conspired to make homeowners the patsies holding the bag for the overall corruption of many in the financial sector.

They are investigating the nation’s biggest banks for some possible shady dealings in the not too distant past. That has some ascribing much of the blame for the economic conditions of the country to the banking industry itself. The much maligned of late Wall Street denizens have agreed to a relatively small relief package that will be a welcome, if mostly inadequate settlement for homeowners.

This type of alleged wrongdoing on the part of the banks and consequently, Wall Street, has fueled the growing Occupy Wall Street and further Movement. Those displaced by evictions and those about to be will derive a modicum of comfort from this new bill, which will shrink loan payments for some and provide compensation checks for others.

Some in the web forum argue that no checks whatsoever should be awarded to people that could not pay their mortgages and skipped out on their debts. There are many different views as always that clash in Washington and across the country that are fueling a most robust debate in this election year.

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