Maxine Waters a California Congresswoman recently attempted to help a few of her constituents get a hold of their banks in order to re-negotiate the terms of their loan. What she thought would be a simple telephone call turned in to hours of being placed on hold and speaking mainly to automated voices. After hours of trying to help Congresswoman Waters said, The average American trying to negotiate a loan modification will not be able to get it done,” While the federal government and banks …

January 21, 2009 Maxine Waters deals with the marathon in contacting banks to refinance mortgages. … Maxine Waters Indymac Bank of America TARP Bailout housing