The Obama Corollary to the Nixon Doctrine:
Some of the most damaging behavior on Wall Street---in some cases some of the least ethical behavior on Wall Street---wasn’t illegal. That’s exactly why we had to change the laws.
Meanwhile, obeying the law:
• Despite laws against it, banks have foreclosed on active-duty U.S. soldiers who are legally eligible to have foreclosures halted. Attorneys representing service members estimate banks have foreclosed on up to 30,000 active military personnel, mostly while they were in Iraq and Afghanistan.• There has been---literally---“tens of thousands of fraudulent documents filed in tens of thousands of cases.” Sworn affidavits have been filed containing false information. This is easily prosecuted perjury.
• The size and scope of the fraud on the U.S. court system is unprecedented in U.S. history.
• NY State court judge Arthur Schack, ruled in 2010 that pleadings by the Baum Law---who handle 40% of NY foreclosures---were “so incredible, outrageous, ludicrous and disingenuous that they should have been authorized by the late Rod Serling, creator of the famous science-fiction television series, The Twilight Zone.“ There has been no fraud prosecution to date.
• Banks have routinely filed falsified mortgage promissory notes---in some cases, six different documents have been filed, all claimed to be the original. At the least 5 must be forgeries---an easy felony to prosecute.
I can certainly appreciate the well-intentioned civility our President displayed a couple of years ago when he offered to stand between the banks and the pitchforks wielded by an unruly mob. Now, however, for his sake and ours, he needs to step aside.
---Vitelius
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