Please carefully read all the documents and responses to the New Jersey Supreme Court. Read carefully the detailed allegations in the Court’s Order. Then consider the responses from the banks. They almost completely dodge the issues raised in the Court’s Order, and launch into terrifying arguments that the banks are not subject to the laws of the State of New Jersey and asserting that the court is overstepping its bounds. If these arguments prevail what protections do we have against the banks and Wall Street?
IF YOU ARE NOT TERRIFIED, PLEASE GO BACK AND READ THE RESPONSES MORE CAREFULLY. WHAT YOU ARE SEEING IS ARE TOTALITARIANISM ARGUMENTS- WE ARE THE AUTHORITY, WE ARE NOT SUBJECT TO YOUR LAWS OR AUTHORITY.
Treasury Secretary Timothy F. Geithner and federal regulators need to fix the mortgage foreclosure process so that it doesn’t derail the economic recovery, Senator Jack Reed and 16 other senators wrote in a letter yesterday.