Foreclosure Fraud for Fun and Profit

Well, I’m sorry but I just don’t understand all the fuss over a few clerical errors and a handful of oversights. It’s not like the banks aren’t trying.

Anyway when Congress speaks of the rule of law, it doesn’t mean banks. And surely Congress never meant the sanctity of contracts to apply to bankers.

Besides, mortgage papers are so confusing why would any court expect bankers to understand them.

OK. So the banks want to cheat the middle and working classes out of hundreds of billions of dollars. It’s not like it hasn’t happened before.

So what if your mortgage is up to date and it’s foreclosed. Go rent. Let’s give the banks a break. This mess is so big they’re bound to make a few mistakes.

On the other hand, this could be an issue the Democrats could really capitalize on.

Hello, Democrats? Are you there? This mortgage thing could be a really big issue in the next campaign. Like, ya know, it could be an October surprise or something. After you get finished demolishing the campaigns of liberals running for office, you might want to read up on mortgage fraud. It’s in all the papers. Now’s the time to take the bull by the horns and turn this thing into a winner.  You remember which side of the bull the horns are on, don’t cha?

Oh. I forgot. You don’t have Wall Street’s permission.  And let’s cut bank CEOs some slack already.  After all, who knew.

The house depicted below was foreclosed even though the current residents and their forebears held clear title to the property for three generations.

When a senior bank executive was asked how such a miscarriage of justice could happen, the executive replied “Hey, this is America.  Shit happens.”