With the high and long term unemployment comes foreclosures. So now it seems that the Senate is trying to do something very quickly, very quietly to help out those banks with this problem of the appearance of rampant fraud: Senate Shockingly Passes Bill That Could Bail The Banks Out Of Foreclosure-Gate Story on possibility of fraud by the banks: washingtonpost.com
I just finished reading this at Clusterstock. What an appalling bit of legislation. Banks don't have properly notarized documents required by law for mortgages, thus preventing them from foreclosing. So Congress is going to change the law so that the standards for notarization are changed ex post facto. Yet another Bail Out of Big Government Cronies. Shameful.
Leahy? You need to ask? The bills had been proposed twice from my reading, allowed to die, and resurrected by Leahy 'who got it done' just before leaving. Interesting time for this, but none for getting the budget done?
They can't pass a budget or deal with the income tax mess - but they can pass another Big Bank Bail Out.
Isn't is amazing that with control of both houses and the presidency that they still can't pass a budget. If that alone isn't enough to throw the bums out I don't know what is.
Ahhhh yes, the patented half-truth. There's not a dime's worth of difference between the two Parties, but the partisans always try to protect their own Party. Bank foreclosure cover seen in bill at Obama's desk | Reuters Senator Jeff Sessions, the committee's senior Republican, also helped to engineer the Senate's unanimous consent for the bill.
