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Watching the whole mortgage banking scam finally get some media exposure I felt like I was in a time warp.
How long ago did YOU know about this courtesy of DU and other actual news sources on the (left leaning) web?
It had to have been at least two years ago this all starting coming to light here and elsewhere. I looked it up- January 31,2009 (11 days after the inauguration) that Sen. McCaskill stood on the floor of the US Senate and mentioned "Produce the Note" .com. A remarkable event, a US Senator stands in the Senate and tells people to basically break the law (court ordered evictions) or at least how to prevent having to break the law.
And NOW the media is covering this? How many people have been suddenly homeless because no one in the media said "Okay this will take 10 seconds. They have to get their shi act together enough to bring paperwork to court to make this happen and guess what.... they have NO IDEA where any of this paperwork is"
Hell there was court case in Kansas (as I remember it off the top of my head) 6 months ago at least in which the whole clearinghouse on bundled mortgages was exposed. Nothing, nada from the media. There was a fanstastic post here on DU about the simple legal facts underlying what is necessary for banks or mortgage companies to produce or to prove : 1. they have to show ownership of the deed 2. they have to show ownership of the note If they can't do that (and they can't) then they have no claim to the property. How stinking simple is THAT? How short-attention-span-segment ready is THAT for news operations?
But no we get a summer of sore losers getting their racism on in public (tea baggers) and this summer filled with drummed up nonsense about a community center in lower Manhattan.
PRODUCE THE NOTE - three words, is that too difficult to convey? Do they really think we can't understand that? It is even shorter thant the five words "BUT COULD OFFER NO PROOF" that should have followed every single "The White House says..." "Dick Cheney says..." "Rumsfeld says...." that they echoed endlessly before the war on Iraq. 3 is less than 5 my kindergartener knows that. Is it that hard? No of course not, they know damn well what they are doing and what they are "doing" ;-) is us.
Thanks to DU and everyone else (there really is a long list of good news sources) I'll just stay content in knowing that I know known knowns before anyone else. Everyone else can just live in a bubble and be shocked when it pops.....again.
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