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Another litany of 'illegal' and 'unethical' house seizures by lazy banks
#1
Another litany of 'illegal' and 'unethical' house seizures by lazy banks
REF: http://www.nytimes.com/2010/12/22/busine...wanted=all

This is not the first, but instead yet another litany in the saga of illegal, questionable or unwarranted foreclosures of homes by banks.

To me, this article succinctly shows the divide between corporate America and everyman's rights. With the sheer volume of failures such as these, with illegal affidavits, shoddy procedures, "lost paperwork" and other things, I find it appalling that any judge or politician can in good conscious allow for any of these actions to proceed without a full review and enforcement of regulations to preserve contract law.

I truly wish that one of these days, there is a multiple homicide committed upon these usually criminal acting "contractors" who plainly break in and rob people, preferably with shotgun slugs.

It really pisses me off to see such criminal and unethical acts be done willy-nilly, especially by an entity empowered through law and money (banks).

And why the hell is "lost paperwork" even an excuse for actions taken by banks (like BofA or Chase)? WTF.
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#2
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
These banks get away with these things because many people are afraid to lawyer up during these times.
I swear, some Americans just choose to take things up the tailpipe because they don't know any better.
If today you can take a thing like evolution and make it a crime to teach in the public schools, tomorrow you can make it a crime to teach it in the private schools and next year you can make it a crime to teach it to the hustings or in the church. At the next session you may ban books and the newspapers...
Ignorance and fanaticism are ever busy and need feeding. Always feeding and gloating for more. Today it is the public school teachers; tomorrow the private. The next day the preachers and the lecturers, the magazines, the books, the newspapers. After a while, Your Honor, it is the setting of man against man and creed against creed until with flying banners and beating drums we are marching backward to the glorious ages of the sixteenth centry when bigots lighted fagots to burn the men who dared to bring any intelligence and enlightenment and culture to the human mind. ~Clarence Darrow, at the Scopes Monkey Trial, 1925

Politics is supposed to be the second-oldest profession. I have come to realize that it bears a very close resemblance to the first. ~Ronald Reagan
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#3
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
There needs to be strict regulation when you're dealing with someone's house and prized belongings. I'm sure everyone will agree, this is appalling on so many levels.
"God is dead" - Friedrich Nietzsche

"Faith is what you have in things that DON'T exist. - Homer J. Simpson
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#4
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
Unfortunately, in nearly every instance of this happening, they are immune to criminal charges because there was no intent.

More horror stories:

Strapped To A "Rocket Docket" Built For Max Foreclosure Speed

Oops We Lost Your Docs So You're Going To Foreclosure

Bankers: We Wouldn't Hire Unqualified Robo-Signers If You Just Paid Your Mortgage

Robo-Signer Confession: 'I Don't Know The Ins & Outs Of The Loan, I Just Sign Documents'

Bank Sends Scary Person To Break Into Your House

BofA Forecloses On Man's House, Even Though He Has No Mortgage
"How is it that a lame man does not annoy us while a lame mind does? Because a lame man recognizes that we are walking straight, while a lame mind says that it is we who are limping." - Pascal
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#5
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
Americans seem to be as well trained to blind obedience as Pavlov's dogs were to a bell.
The world is a dangerous place to live - not because of the people who are evil but because of the people who don't do anything about it.
- Albert Einstein
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#6
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
(December 22, 2010 at 9:48 am)lilyannerose Wrote: Americans seem to be as well trained to blind obedience as Pavlov's dogs were to a bell.

Like this Tongue


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#7
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
Once again...."What is the robbing of a bank compared to the founding of a bank?" Bertoldt Brecht.
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#8
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
In one circumstance you invest other peoples money in exchange for services such as security, withdrawal and interest payments for a low quality high quantity profit.

In the other circumstance you steal a bunch of cash outright without negotiating any return for the owner of the cash, it's high quality low quantity.

There is your difference - Just implying that banks are thieves doesn't make it so. I like my bank, my interest payments are only slightly more than my fees, but I get to more easily store, manage and withdraw my funds as well as making fast transfers to other people making obtaining the goods and services I want easier, not to mention the loan rate is fair.
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#9
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
(December 22, 2010 at 6:46 pm)theVOID Wrote: In one circumstance you invest other peoples money in exchange for services such as security, withdrawal and interest payments for a low quality high quantity profit.

In the other circumstance you steal a bunch of cash outright without negotiating any return for the owner of the cash, it's high quality low quantity.

In the relevent cases mention at the top, What sort of negotiation concerning any returns did the banks do, and for what did they exchange the service of jettisoning the contained property, when the banks repossessed houses on which there is no mortgage payment they can claim?

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#10
RE: Another litany of 'illegal' and 'unethical' house seizures by lazy banks
There is nothing good about that circumstance.

Fiat currency + Bubble economy + Debts 6% higher than GDP + Govt guaranteed loans for Freddie and Fanny + Greedy Cunts not having to risk their own capital = Shit shit shit!

It doesn't mean that quotes attacking banking in general are justified, it means that the US economy is fucked and all these shady traders who should have collapsed from their own fuckery are now alive and kicking thanks to a stimulus package that's dug the debt hole even deeper.
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