By Cliff Montgomery – Oct. 11th, 2010
There has been a growing tide of righteous anger in America over the presumed legitimacy of this country’sforeclosure proceedings.
A wave of foreclosures helped create the current Great Recession. And the possibility of a new foreclosuremania pounding an already depressed economy–one month before Congressional elections–should chill theblood of politicians on both sides of the aisle.
That’s what made Thursday’s story in The Washington Post so shocking. The Post stated:
“White House officials said Thursday that President Obama will not sign a two-page bill passed by lawmakerswithout public debate,” the paper declared, “after critics said the legislation could loosen standards forforeclosure documents.”
The legislation officially is named the Interstate Recognition of Notarizations Act. The bill would force all courtsto accept apparently questionable notarizations of out-of-state documents.
Sponsors of the legislation claim the effort is intended to speed up interstate business proceedings. Buthomeowner advocates counter that the bill would give banks and other financial entities even more leeway toevict citizens from their homes.
Obama press secretary Robert Gibbs apparently has declared the president will employ a “pocket veto,” amove which essentially kills the legislation.
An unintentionally funny matter in all of this was pointed out by Thursday’s Post article:
“Democratic leaders on the Hill were scrambling to figure out how the bill managed to sail through bothchambers of Congress without any objection.”
Democrats currently control both Congressional chambers. Are we seriously to believe that not one Democratknew the contents of this bill, which was quickly passed by both legislative chambers without so much as awhimper of protest?
If that’s so, then the current Democratic ‘leadership’ is too incompetent to hold either chamber. If it’s not true,then it’s simply another lie from career politicians.
The whole issue puts Democrats in a rather hypocritical position. In recent weeks, Dems understandably havedemanded federal investigations into forged documents, flawed paperwork and other types of misconduct inacts of foreclosure initiated by Big Finance.
How hypocritical have Democrats proven themselves to be with the quick passage of this bill?
“The House passed the bill in April by a voice vote, meaning there’s no record of who voted for or against thelegislation,” declared the Post.
“The Senate passed the bill on Sept. 27, just before recess, without any debate,” added the paper.
Even the chief sponsor of this questionable legislation–Rep. Robert Aderholt (R-AL)–was amazed that the billmoved so quickly through both chambers of the Democratic-controlled Congress, Aderholt representative D.J.Jordan told the Post.
“Staffers said lawmakers will revisit the bill to add protections for consumers,” the Post rather lamely stated.
