David Lazarus: Shaming the big banks

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

One way to read the new Treasury Department report that big banks are dragging their heels when it comes to helping troubled homeowners is that the Obama administration is trying to shame these institutions into doing a better job.

Despite the foreclosure crisis, banks have reduced mortgage payments on only 9% of eligible loans, Treasury said. Some of the biggest banks posted even worse numbers.

Consumer columnist David Lazarus asks: Since when has shame been a factor for these guys?