Hiding Foreclosure Gate

Discussion in 'Current Events' started by Annie, Oct 7, 2010.

  1. Annie
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    Annie Diamond Member

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    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

     
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  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    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.
     
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  3. uscitizen
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    uscitizen Senior Member

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    No info on which party submitted it or voted for it?
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Who controls Congress right now, bub?
     
  5. Annie
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    Annie Diamond Member

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    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?
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    They can't pass a budget or deal with the income tax mess - but they can pass another Big Bank Bail Out.
     
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  7. gatortarian
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    gatortarian Member

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    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.
     
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  8. Annie
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    Annie Diamond Member

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    Actually worse than bail out, more a go ahead and rape the down-and-out.
     
  9. edthecynic
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    edthecynic Censored for Cynicism

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    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.
     
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  10. uscitizen
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    uscitizen Senior Member

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    '

    Did any of the repubas make a fuss or just pass it?

    Has Fox brought this issue up?
     

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