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Time for Criminal Charges To Be Filed . . .  By Barry Ritholtz  H/T to Edward Harrison's Links on naked capitalism. (More where that came from.)

The absurdity of illegal activity, criminal conduct, rampant fraud has reached a point where the nation much declare "No More." We must begin the process of identifying criminal actors -- and prosecuting them.

The latest twist on the criminality/foreclosure fraud: The hiring of untrained, incompetent burger flippers to act as lawyers or paralegals in the processing of foreclosures....(Barry cites the Florida examples)....This is a degree of recklessness previously unseen in American jurisprudence.

My advice: If you have been in any way personally harmed by the illegal actions of any bank, law firm, process server, or loan servicing agency, you MUST file criminal charges. If your home was broken into by a firm to change the locks illegally, that is breaking and entering, and conspiracy. If the wrong bank filed a foreclosure action, if the wrong house was foreclosed upon, its time to go criminal prosecution route.

....

Corporations that get free speech rights also have liability for their own criminal actions. Its way past time we start forcing those responsibilities to have some meaning.

This is not about keeping deadbeats in their homes, as a few idiots and liars have asserted. The corporate sympathizers who are too busy fellating the bank to recognize what is going should be ignored. This is about fundamental property rights and the Rule of Law in the United States -- nothing less.

It would seem that this should be done in some state where the judges are not so corporate friendly, such as South Carolina. There are attorneys in such states that are defending clients against bogus foreclosures. The best defense might be a good offense. I am surprised it is not already happening. Nothing benefits a civil case like a prior criminal conviction.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 15th, 2010 at 09:55:41 PM EST
[ Parent ]
As I understand, justice in america is a commodity like any other. so the more money you got, the more the legal system will serve you and foreclosed people, almost by definition, don't have much money so the legal system is deaf to their entreaties.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Oct 16th, 2010 at 05:12:58 AM EST
[ Parent ]
Even if 99% of the justice was for sale, which I at my most cynical would call a gross exaggeration, that would leave a lot of justice not for sale.

It is slow sometimes. In this case, slow might be good. For example, it is a rare rare case that gets heard by the Supremes without working its way up through other courts.

At this point, I would think that the worst problem is the amount of stupid going around, listening to the fools who want to allow the foreclosure bubble to expand until only the bones of their children are left for the last greedy bankers to leach one last time.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Sat Oct 16th, 2010 at 05:37:20 PM EST
[ Parent ]
Well, we had Too Big To Fail (TBTF). Now, we have Too BIg To Abide By The Law (TBTABTL)...

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Sat Oct 16th, 2010 at 05:23:13 AM EST
[ Parent ]

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