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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
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