Excellent!!!! This Judge hopefully will set a huge trend ...

[doc mercer]

Source: NBC News

Greg Horoski and his wife, Diane Yano-Horoski, were on the verge of being tossed out of their ranch home in East Patchogue. They owed $525,000 in mortgage payments, had no equity on the house, and their California bank threatened foreclosure.

Then Suffolk Judge Jeffrey Spinner gave them a Thanksgiving gift they'll remember all their lives. He erased their debt and slammed their bank, OneWest, for its "harsh, repugnant, shocking and repulsive" behavior, according to The New York Post.

Now Yano-Horoski and her husband owe practically nothing on their home. And OneWest, which accepted a whopping $814.2 million in federal bailout money, was excoriated by the judge.

"The bank was so intransigent that he decided to punish them," Horoski, 55, told the Post about Spinner's ruling last week. "I think the judge felt it was almost a personal vendetta. like dealing with organized crime."

Horoski and his wife had only been paying interest on their mortgage; they had pleaded with OneWest to restructure their loan to no avail. Spinner's decision negated up to $291,000 in principal and $235,000 in interest and penalties, reports the Post.

Read more: http://www.nbcnewyork.com/news/local-beat/Happy-Thanksg...

[Cooper]

Yes! The end to personal responsibility!

You realize if this starts happening the banks are going to start going out of business and they are definitely going to stop lending money, especially to anyone with less than perfect credit.

I'm not saying the bank was right to try and screw the people but those homeowners should be responsible for the principle of their loan.

[doc mercer]

Let the banks burn down with every WS investment firm

they've raped this country financially for too long and enough is enough