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View Diary: HEMMED In - Too Big To Fail? Too Small to Care About. (57 comments)

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  •  You've made some statements (0+ / 0-)

    that belie a misunderstanding of the mortgage origination and securitization process, and I was trying to educate. I sense that you would prefer not to hear any information that don't fit neatly into your pre-formed opinions. Fine with me.

    I'm in the I-fucking-love-this-guy wing of the Democratic Party!

    by doc2 on Fri Oct 15, 2010 at 07:16:42 AM PDT

    [ Parent ]

    •  Not so. I write about what I see in my own (1+ / 0-)
      Recommended by:

      community. People (real people) are getting locked out of their homes and there are questions (real questions) about the legality of the process.

      I see you and others in the banking industry (which I worked in for a number of years) saying that we have to let the process continue because it is just one or two people with the problem.

      The problem with that is that to me (a Progressive) one person being thrown out of their house illegally is bad. I do not see the value in letting the bankers (if you prefer that term) off the hook by saying it is just a matter of a delay.

      In Wisconsin being homeless and living in your car can kill you.

      Much of life is knowing what to Google
      (and blogging at BPI Campus)

      by JanF on Fri Oct 15, 2010 at 07:22:05 AM PDT

      [ Parent ]

      •  Saying it's okay for one person to be foreclosed (2+ / 0-)
        Recommended by:
        JanF, LI Mike

        "by accident" because they can recoup is about the same as saying it's okay to beat up one person because you only did it once and they'll recover in the hospital.

        It's illegal to steal someone else's property, even when you've signed your own paperwork claiming you own it.

        Hence, a crime is being committed, and a "handful" is no excuse for even one.

        No man is my enemy/my own hands imprison me/Love rescue me--Love Rescue me, U2
        (Also writing at BPI Campus)

        by winterbanyan on Fri Oct 15, 2010 at 07:32:39 AM PDT

        [ Parent ]

      •  I think there are issues of law, no? (2+ / 0-)
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        JanF, addisnana

        Robo signing affidavits. Notaries attesting to documentation site unsees. FRAUD.

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