Foreclosure Fraud Parody (October 2010)

H.R. 3808 - written by the bank lobby to get them off the hook for NINA loans, home equity loans, misrepresentation, misinformation and other fraudulent behaviour over 10 years.

NYTimes:
http://www.nytimes.com/2010/10/08/business/08mortgage.html

"White House officials said President Obama would not sign a bill that critics suggested could facilitate foreclosure fraud.

[...]

Representative Edolphus Towns, the New York Democrat who is chairman of the House Committee on Oversight and Government Reform, called on lenders to voluntarily suspend foreclosures until they completed internal investigations. On Wednesday, Attorney General Eric H. Holder Jr. said that the Financial Fraud Enforcement Task Force, which Mr. Obama created to examine financial fraud, is looking at the growing reports of foreclosure fraud.

The bill would have mandated that notarizations of mortgages and other financial documents done in one state, including those done electronically, be recognized in other states. By the time the bill arrived at Mr. Obama's desk, however, it was caught in the controversy over major institutions' acknowledgment of problems in processing documents for tens of thousands of foreclosures. Those included suspected forgeries and notaries' failure to review the paperwork as required."

HuffPost:
http://www.huffingtonpost.com/2010/10/09/obama-clarifies-pocket-ve_n_756873.html

Category:

Entertainment

Tags:

• Foreclosure
• Fraud
• USA
• 2010
• humour
• fun
• financial
• Financial Crisis
• Financial Meltdown
• JPMorgan Chase
• Bank of America
• Citigroup
• GMAC
• Barack Obama
• presidency
• veto
• H.R. 3808
• bankster
• bubble
• housing
• property
• Great Recession

[yrfoxes2007]

you hit it on the 'mark'

well done.

[AryanKnight]

Hahaaaaaaaaaa, --well of course we now know that St.Hitler was actually valiantly struggling against the same international arch-criminal Rothschild/Rockefeller jewZionist Bank'ster-mafia that N.Americans were duped into fighting to preserve in WW2; --and what do you know, here these dastardly jewZionist Fed.Reserve-Sys. (& IRS-henchmen) are again fraud'closing on the very people they have caused to loose their jobs because the jews have sent N.American industry offshore...!!!

[mayjenta1]

I pray that Obama will not pull that "pocket veto" back out after the elections. It will signal to us that this government is in the banks pocket. They will never be trusted again for anything. Either the government goes or the banks forgive a percentage of all the underwater prone mortgages.

[emunki327]

The people that brought the world financial system to it's knees are one and the same. There is no republican party, it's been the 'corporatist' party forever. Of course this criminal element, comprised of corporatists, quite a few democrats, big corporations, the supreme court and the GANGBANKERS, will do whatever they can to keep they money flowing into their pockets and coffers. With 100% backing from Fox and the 'supreme' court, the only chance we've got is ourselves, Obama and brains.

[isawanangel2]

outrageous, google "Is the Senate Trying to Protect Banks That Commit Foreclosure Fraud?" this is so wrong..