Federal Foreclosure Judge Requests Evidence. In Fact He Insists.

The Foreclosure Hamlet ^ | July 21, 2011 | Capt. Jack

[Chunga85]

It will be very interesting to see if Judge McConnell falls for the parlor tricks that will surely be thrown his way.

I also find it very interesting that the Judge specifically cited the Bucci case which has been appealed. One may infer that he may not be in agreement with Judge Silverstein's conclusions.

Notwithstanding the appeal, the Defendants and the Mill attorneys have had no problem hanging their hats on that one.

There is one thing (at least) that distinguishes Judge McConnell from those I've poked fun at. He was not endorsed by the Chamber of Commerce.

I am not anti-business at all.

I just detest what capitalism has become. Caligula and his Praetorian Guard would be proud.

[Chunga85]

I'll grant that the excerpt won't make much sense to anyone unfamiliar with the topic of the greatest "bubble" we have ever experienced.

If you're interested - fine.

If not - look away.

This is big. Defendants have four days to respond.

[Chunga85]

Straight link to Judge McConnell's Motion to Stay:

Foreclosure Judge Demands To See Evidence

[driftdiver]

Capitalism is small business.

The large global monopolies control the market and it is no longer free.

[Chunga85]

Agreed.

[Razzz42]

I don't know why judges keep trying to reinvent the wheel. Lately, any foreclosure case involves the pooling and service agreements (“PSA”) which is now the controlling document and basically a simple contract document to determine outcomes. That is why it is better these sort of cases start out in New York's jurisdiction (wall street created the document) but any federal court should be able to figure out contract law. Kinda of related link The Other Reason You Didn’t Get Approved for a Loan Mod: the Pooling and Service Agreement

[Razzz42]

Also, don't get your hopes up.

[Chunga85]

That is too funny. What are they seeking immunity from I wonder?

That would apply to AG "investigations" and the like.

The Order in the OP concerned specific civil cases brought independently.

[Palter]

Did you see this one?! America is a third world country.

States negotiating immunity for banks over foreclosures

[Chunga85]

Thanks for the heads up. It's getting ridiculous.

This is happening right under our noses and will infect our children and grandchildren.

TBTF are the biggest "welfare" recipients...by a mile.

[ColdSteelTalon]

This is happening right under our noses and will infect our children and grandchildren.

I am glad I don't have children or grandchildren that will have to pay for this folly...