Congress to retroactively legalize foreclosure fraud and forgery by crooked banksters (Updated)

Looks like bmaz and Ian Welsh were correct.

Tomorrow Congress is going to legalize the banks’ criminal activity by destroying property law in America.

Are you shitting me?

Is this the Twilight Zone?

The time for rational debate is over.

update: The bill was defeated, primarily along party lines.  The party line vote suggests that interpretations of H.R. 3808unc as a “procedural vote to check the President’s unconstitutional use of the pocket veto by Congress in general, including Nancy Pelosi,” was probably entirely incorrect, and it never really made sense to me to begin with, given how much power Congress has gladly abdicated already.

Anyway, chalk one, just one, up for the Democrats.  


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  1. This country is officially finished.  The wheels are flying off RIGHT NOW.

    • Edger on November 17, 2010 at 03:12

    the presidents signature, to make it law.

    Getting that should be a piece of cake.

    (Hey, where’s your GOS crosspost link?)

  2. the framers had quite a lot to say about property and rights.

  3. a clever way to rename ex post facto for the benefit of economic stability, since it will encourage banks to lend money to help stabilize the shaky real estate market. I’m sure that the Democrats in congress will support it if there is a cap on how much the lender can change the original terms in its favor and if the debtor can also initiate a change in terms when the lender’s year over year profits exceed 500%. The underlying intent of the bill will be of course to discourage speculation in the housing market. However in order to prevent initial instability in markets, homes with an appraised value over $1,000,000.00 will be exempt.  

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