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View Diary: 60 Minutes uncovers the blatant Fraud, behind Mortgage Foreclosure Document Mills (204 comments)

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  •  That would require overthrowing the legal system (0+ / 0-)

    in every state in the United States.

    And yes, they might do it.

    But it would require completely destroying our entire common law system of laws, and I think people might notice that and get a bit angry.

    Why would it require destroying the entire system?
    (1) It would require abolition of the entire existing system of tracking the chain of real property title.
    (2) It would require committing theft and violating the "takings clause" by not compensating people for what was stolen from them
    (3) It would require removing people's right to access the courts, by forcing them to agree to a settlement which they would never consider acceptable.  Remember that the banks face civil suits from every single defrauded homeowner and investor, plus county clerks, plus more.
    (4) It would require legalizing perjury.  Formally.
    (5) It would require the government to abandon the entire theory of equity as a part of law.

    Well, this sort of thing was done in the field of Native American property law -- pretty much all of it, actually.  But because of racism, this has been tolerated by everyone and encouraged by Republican judges.

    Now this sort of thing, the elimination of justice entirely, is going to be used against pretty much everyone in the country -- that might spark quite a reaction.

    Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

    by neroden on Mon Aug 08, 2011 at 06:03:38 PM PDT

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    •  I sincerely hope you're right (0+ / 0-)

      but I'll be very surprised. Extremely surprised.

      We decided to move the center farther to the right by starting the whole debate from a far-right position to begin with. - Former House Majority Leader Tom DeLay

      by denise b on Tue Aug 09, 2011 at 07:52:33 AM PDT

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