The Law Office of Carol A. Molloy

Tennessee Foreclosure Defense

Skip to: Content | Sidebar | Footer

Why The Banks MUST NOT Get Away With This

26 October, 2010 (23:51) | Uncategorized | By: Carol

Why The Banks MUST NOT Get Away With ThisPosted on October 26, 2010 by Foreclosureblues

It’s now in the mainstream media….

People in this country may be uninformed or misinformed — but they’re not stupid. They’ll catch on to the message soon, if they haven’t already: There’s one deal for average people, but a different, far better deal for the really big and powerful.

We can’t go there folks.

There’s a limit to the screwing of this sort that the people will take.  I have no idea where it is.  Neither does anyone else.  The Politicians definitely don’t; they’re tone deaf to this sort of abuse, because most of them haven’t bought their own groceries or pumped their own gas in 20 years.  We have reported every time there’s an election how “Politician X” didn’t pay his 24 speeding tickets and as a result his license was suspended – but now he paid them and it’s all ok.

These people live in a different world.  If you or I don’t pay one speeding ticket the next time we’re tooling down the road the cop’s “robocamera” will pick up our license plate and we’ll get treated to the felony stop – that’s where four cop cars pull you over and the cop steps out with his gun out, behind his door, and tells you to get the f%#k out of the car and lie on the ground.  Then, since you’ve got a suspended license, you get to spend the night in jail before you see The Judge.

This isn’t hyperbole – it happens all the time.  Sometimes it’s legitimately you trying to be an ass – you tossed the ticket and the warning from the state that your license and plates were suspended.

But sometimes it’s not – you didn’t get the notice yet, or you send in a check but for the wrong amount.  No matter, you get the felony stop treatment.

Here’s the problem: If the people get into their head that not only politicians can do this sort of thing and get away with it when it comes to things like traffic tickets, but banks can literally rob the people with predatory lending and then enlist the courts to screw them a second time in unjustly evicting them from their house, there is a point where they will snap.

That point is where people vote from the rooftop.

That’s a bad place to see someone cast a ballot.

Our society relies on the general premise that you can walk from the grocery store door to your car, and from your car into your apartment, in reasonable safety.  That’s part of the unwritten social contract that binds all of us together.

Nobody passed a law to make it thus – those laws were all passed for other reasons (e.g. “no murdering, no raping, no pillaging”) – but the general agreement among the population that these laws apply to everyone, and the people who disobey them will be punished, is why you can, in fact, walk from your car to your apartment with a reasonable expectation that you’ll get there without any extra holes added to your body.

If this element of reasonable expectation is lost, we have instant madness.

Once the population gets into its head that the very legal code that says you can’t steal someone’s house by lying about debts in court only applies to them, and not to banks, we’re not far from the general population deciding that the rest of the law doesn’t apply either – and if the banks aren’t going to play it legal and straight neither will they.

Society cannot survive in its present form if that decision is taken by even a tiny percentage of the population. There simply are not enough cops – federal, state, local or otherwise – to enforce the law if the general social contract breaks down.

You want to see the economy shut down?  I mean really shut down?  All we have to do is see a handful of people lose everything, conclude they have no recourse to the law despite lawlessness by the banks, and then take the critical (and ugly) next step and decide they have nothing left to lose.

Will you go to the mall and shop if this sort of thing starts happening?  Nope – and neither will I.

We’ll wind up like Mexico, and damn fast too.

No thanks.

There’s only one way to prevent this from happening, and that for the law to be actually enforced against these jackals.  You filed 102,000 perjured documents?  Right over here into the dock you go – you’re going to prison – after a public and fair trial, of course (if the jury is full of people who got foreclosed on due to your “errors”, well that’s just gonna suck, isn’t it?)  You intentionally concealed fraud in the inducement in the loan?  Over here with that other guy.  You sold “empty box” MBS to investors, or those that ridiculously violated the claims you made for loan quality?  Over there…. “Heh Jack; we’re gonna need a bigger holding cell!”

We can’t afford to see society’s general social contract break – and I don’t like the vibe I’m getting from people on this – the people are waking up to what happened – at all.

If Washington will not enforce the law, the States must, and they must do it now.