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News Link • Corruption

Institutional Fascism: What Really Troubles Me Most About Foreclosure-Gate

America is supposedly governed by the rule of law. Our most treasured asset is not gold, it is our Constitution. Article 14 says: "No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws." Yesterday I was incensed by the statements of the O-Team concerning the emerging Fraudclosure crisis. I read more about so called technicalities, the hope that the problem can be solved quickly and the paramount importance of continuing the foreclosure process for the health of our financial system. That's the "end", let us next consider the means. Yesterday I read countless reports of forgery, back dating, documentary fabrication, notarial abuse and foreclosure storm trooping tactics. I even read about banks mistakenly evicting innocent homeowners who paid their debts years ago. What is going on here? I doubt these are the isolated incidents that the financial services industrial complex and Team O would have us believe. Are these the "means" to be justified by the "ends"? What disturbs me the most is that which I did not read yesterday. I did not hear a loud, clear and unambiguous message. One that cries from the heart of our beloved Republic: Anyone who is wrongfully denying any citizen of life, liberty or property without due process, as mandated by the Constitution of the United States, must desist immediately or suffer the full consequences of the rule of law. If it is impossible to do so without suspending all foreclosures proper as well as improper, then so be it. Apparently the banks are worried about this. Under the advice of their lawyers they are unilaterally declaring foreclosure moratoriums. This is not out of the kindness of their hearts or their concern for for higher principles of justice. This is out of fear of two simple words: "lender liability". Those two simple words are enough to scare any steel nerved 2Big2Fail banker three weeks before Halloween. I would not expect any better of their ilk.

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