I don’t know if this is funny or not, but I just stumbled onto this and I think that some of the people that I know might get a kick out of it.
The Federal Reserve just released a report that essentially said that it couldn’t find any cases of wrongful foreclosures. No, that’s not the funny part, that’s just sad. The level of fraud and incompetence surrounding foreclosures is mind-boggling.
What the Fed did say was that there were many poor practices and that they had directed lenders to essentially clean up their act.
One firm was told to update its computer system – because it was using MS DOS. They weren’t told to switch to Linux or Snow Leopard, they were told to upgrade. They weren’t using one of the modern derivatives of DOS, they were using DOS. I suppose it’s betters than Windows for Workgroups, but damn, even Vista would be easier to use for that sort of thing than DOS.
They might want to consider getting a 60 kb hard drive for their 4 MHz machine while they’re at it.
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