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Where's the note, where's the note...
Disorder in the Court:
THE AMERICAN DREAM
Please stop whoring your blog.
If I had the ability to post visual comments directly, I would consider it. However, I also think it would be intrusive. Robbin Byrd is waiting for you Chet...
The JUNK Brothers
williams stuff is really good. I want t-shirts
bill, keep it up. really cracks me up.
Agreed. Much needed levity in dark times.
humor is nothing more than a coping mechanism: for cancer, criminals and collapse
While the Bearing in general has a creditor (saver) mentality, I have NO SYMPATHY for banksters who do not have their papers in order to throw a family out of their homes.
Not defending bogus buyers, NINJA homeowners, etc., but the d*#n banks should have done their homework right.
The biggest stunner as a result of all this, is just how broken the US judicial system is, if such core precepts as title deeds are gratuitously taken (or rather given) for granted on behalf of the supposedly sophisticated party. It appears there is no fact checking, diligence process, and, gasp, QC checkpoints anywhere in the legal pathway, when bankers are plaintiffs, making one wonder just how many false claims the banking industry has gotten away with, when the courts have (apparently rightfully) assumed they were too dumb to challenge any of the underlying case assumptions.
What is not surprising is that no one knows what perjury means anymore.
Jamie Dimon: "But..."perjury" surely does not apply to me, your honor! All that "rule of law" shit only applies to the useless eaters that take up too much space anyway... How can I "perjure" myself if I am doing God's work, here!?"
Nice summation of Judicial Exclusion...
Witness Nullification. Tyler's point is well taken, the last branch of government is collapsing as well. It's not that these people lie, it's that nothing happens to them when they do
I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of. Kenneth Lay
I don't fear jail because I know I'm not guilty. I know I did nothing wrong. I did nothing criminal and I also believe my God will get me through this.
And I never had any sexual relations with that woman (countless others I had intercourse with, sure, but not that one).
I never inhaled.
Born in Hawaii, see my newly printed birth certificate... and no you can not see details of my college transcript or other matters.
The USA House/Senate totally believes in America (while many members also hold an Israel passport due to being a dual citizens).
The list can go on... and on... and on. Grab a shovel, it gets very deep.
But suck it up and tough shit you unemployed person as they had to bail out the banksters. Right Warren Buffet and gangster right hand guy?
Document signers sometimes endorse affidavits on behalf of other firms
excuse me? say what?
What bothers me is why is a person signing this document -- why has it not been automated? Or outsourced?
Clearly there is opportunity to improve this process...
Notice Ken said "my God" which makes sense since his God would never stoop to mingle with any of the other gods.
Yeah, that is pretty odd how he said that...
Things that make you go, hmmm...
I think they call that the Leona Helmsley defence.
EMOTIONAL INTELLIGENCE TEST
Lawlessness begets lawlessness.
All perjury is relative.
All perjury is relative.
Relative to "National Security".
I'm taking bets that the DOJ, carrying the water for the fascist state, steps in here at some point and sweeps all, or at least most, of this away under the "National Security" banner. Now that the Military has identified the economic "crisis" as the most pressing "National Security" worry, it's only a hop, skip and jump to saying.......
"It's just paperwork. Besides, if you were patriotic, you'd pay your bills regardless of the rule of law, burden of proof, due process or due diligence. Your a terrorist."
Might makes right in the eyes of the corporate/governmental fascist mind.
I have some experience dealing with bureaucrats in emerging markets, who think they can do whatever the highest bidder wants them to do. If that is what America has become, there in no reason to stick around to see what else lies in store.
the time line of all these news events suggests a staged lead up to some nation wide mortgage rate reset to me. Can I get a 2% 30 year fixed please ?
I am holding out for 0%...
We all share your sorrow Johnny, that Pepsi truck driver should have been paying attention before he crossed into your mother's lane, but as we all know sugar water is just too intertwined with national security to allow this case to go forward
dont worry TD, new apponitees such as the brilliant legal intelectual giant Elena Kagan will restore your faith in this broken system!
Yeah, Scalito and his henchmen are pure as driven snow.
Well now if you are comfortable with Ceaser's Kagan and the Wise Latina women then you can fuck off.
I think we all assumed that although the banks may have made the paper trail complicated, they wouldn't have actually lost the paper along the way.
Of course, the courts are supposed to be a little bit more diligent than bloggers watching from afar.
"making one wonder just how many false claims the banking industry has gotten away with, when the courts have (apparently rightfully) assumed they were too dumb to challenge any of the underlying case assumptions. "
All of them. But that get's us into... How congress works.
Tyler, it's not that shocking. If you've ever had dealings with the civil court system or the bankruptcy trustees you begin to understand just how corrupted the entire process is. Until the American people understand that we have a three tiered legal system as outlined here:
1. Us schmucks who might get lucky and win
2. The indigent who we pay for their legal actions and problems
3. The JPM's and other super wealthy who buy justice and change decisions llke we change our underwear.
then there is no hope of reform. In the mean time people blindly accept the reality that there is nothing wrong with our political or judicial system and go blindly into their chemically induced phramaceutical bliss while enjoying their microwave dinners while watching American Idol or the idiocy of the day on cable or DishTV. No one understands it until they have to deal with it, like those retirees who attempted to seek justice against their brokers who illegally churned and burned their accounts and all they got was a lousy 20% of their prinicple back and a pat on the head from the arbitor.
The United States is broken, every branch of government, almost every institution inside of it and that is why this financial crisis will not heal until it is repaired.
Why on earth would anyone be surprised.
Every administration for the last 50 years has had it eyes on the judicial arm of the government. That is where the immediate and legacy power is. That is where you transform history, where you change the direction of the nation. Like the Titanic, is slow to respond at first and even harder to correct a bad course with out a new captain and hand picked crew.
The peoples will is not with the Judiciary, but perhaps now and for the last 10 years the power over the Judiciary has been the will of the administration in power and the one just exiting.
The Judiciary is just reflecting the same shoulder shrugging indifference that nearly every bureaucrat shows. The same loading up on people who thing like you or are easy to dictate philosophy to.
But perhaps the biggest problem is to many cases for to few judges to properly review, especially when it comes to what should have been a cut and dry matter of honest fiduciary trust of the banks by the judges.
Perhaps when the Rebublicians win the elections in November, they can cut more judges out of the system to save money for all of taxpayers.
Tyler, yes zactly.
How is it possible for WFC to attach an Addendum to a sale which basically says: "We are selling this property to you, but if it turns out we never owned it in the first place, its your tough shit". Is that what its come to?
You people are pathetic:
Thing is, they get away with it because borrowers rarely show up for forclosure proceedings, never mind hire counsel (with what extra money?) to protect their rights.
Decline of Civilisation
Now there's a novel concept. One must hire counsel to protect ones rights. "Transactions in Justice, the New Rule of Law."
They tried to save a penny on both the front end (MERS) and the back end (rubber-stamping foreclosure documents) by bulk-executing processes that simply cannot be treated that way.
I still think there's far too much money involved here for an exception in the laws not to be bought. Silly rabbit, moral hazard is reserved for banksters.
And a good Gretchen NYT article on the TBTFs knowingly repackaging garbage in MBS.
Smells like a RICO case to me.
This sit could enable FannieM et al to return fraudulent loans to JPM etc in a clawback maneuver. Quite justified as response to fraud, albeit long overdue.
Could be a BlackSwan morphing to silver.
sushi - BINGO! You said the magic word "RICO". You win $100 and a front row seat for the RICO trial of the century, featuring the bosses from the rating agencies, JPMorgan, GMAC, Countrywide, Goldman Sachs and every other part of the overlapping criminal enterprises, including the mortgage industry, the appraisers, Freddie and Fannie, Citi and the big banksters, the Wall Street investment banks, AIG, the federal co-conspirators at U.S. Treasury, SEC, OTS, and the Federal Reserve, especially FRBNY, and the members of Congress who aided and abetted the greatest financial crimes in U.S. history.
I wanna see a perp walk. Lots and lots.
Money has no legs. The rest of the fraud epidemic are corporations which have no legs either.
Too bad for you citizen, hopefully you got yours until they are made illegal to protect the fraud and systemic corruption.
How about a ticker tape parade? How about JP Morgan, Ally, Bank of America, Wells Fargo and Citigroup all marching down 5th Avenue. They will be identifiable by the balloons they are holding.
The pragmatic answer is they, the government, are not going to bring down the edifice that finances the circus.
The pragmatic response is that you are 110% correct.
But then there are all those dumb Euro/Deutsch folk who bought these products. My hunch is that some out of the money PIG organization will file a complaint and it will be hard for the US courts to completely ignore the application of US law.
This is an epic fail.
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