I'll second that!
Posted on 10/07/2010 8:03:55 AM PDT by STARWISE
Both the left and right sides of the blogosphere are buzzing about a bipartisan TARP-style banking bailout bill that somehow reached President Obama’s desk in the legislative rush before Congress adjourned for the midterm election break.
The sordid episode underscores everything I’ve spotlighted about the culture of corruption over the last two years — sabotage of the deliberative process, circumventing of rules, backroom deals, and contempt for the will of the people.
Yes, the Vampire Congress strikes again.
The bill is HR3808, the “Interstate Recognition of Notarizations Act of 2010,” which requires courts to accept as valid notarized letters made out of state, making it harder to challenge the authenticity of foreclosure and other legal documents. Here’s the legislative history of the bill.
Reuters lays out the basic story:
*snip*
And now, the dirty details of the legislative legerdemain that paved the bill’s path to Obama’s desk:
After languishing for months in the Senate Judiciary Committee, the bill passed the Senate with lightning speed and with hardly any public awareness of the bill’s existence on September 27, the day before the Senate recessed for midterm election campaign.
The bill’s approval involved invocation of a special procedure. Democratic Senator Robert Casey, shepherding last-minute legislation on behalf of the Senate leadership, had the bill taken away from the Senate Judiciary committee, which hadn’t acted on it.
The full Senate then immediately passed the bill without debate, by unanimous consent. No debates.
No amendments.
No roll call votes.
More:
The House had passed the bill in April. The House actually had passed identical bills twice before, but both times they died when the Senate Judiciary Committee failed to act.
Some House and Senate staffers said the Senate committee had let the bills languish because of concerns that they would interfere with individual state’s rights to regulate notarizations.
Senate staffers familiar with the judiciary committee’s actions said the latest one passed by the House seemed destined for the same fate. But shortly before the Senate’s recess, Judiciary Committee Chairman Patrick Leahy pressed to have the bill rushed through the special procedure, after Leahy “constituents” called him and pressed for passage.
The staffers said they didn’t know who these constituents were or if anyone representing the mortgage industry or other interests had pressed for the bill to go through.
These staffers said that, in an unusual display of bipartisanship, Senator Jeff Sessions, the committee’s senior Republican, also helped to engineer the Senate’s unanimous consent for the bill.
Neither Leahy’s nor Session’s offices responded to requests for comment Wednesday.
“As a rule of thumb, Congressional legislation that is bipartisan is usually twice as bad as legislation that is partisan.” — Thomas Sowell
Both parties are almost equally corrupt in terms of banking and wall street.
I guess it really shouldn’t be a surprise after knowing how those banksters like goldman sachs, jp morgan, citi paid off obama and many of the senators. I personally have nothing to do with those banks I went to a local bank way back when this all started happening but it’s disturbing now because as a taxpayer we still have to foot the bill and a report came out just the other day there is a $29 billion loss again from the old bailout.
http://www.nytimes.com/2010/10/06/business/economy/06tarp.html
http://www.govtrack.us/congress/bill.xpd?bill=h111-3808&tab=committees
Apr 27, 2010: This bill passed in the House of Representatives by voice vote. A record of each representative’s position was not kept.
Sep 27, 2010: This bill passed in the Senate by Unanimous Consent. A record of each senator’s position was not kept.
http://www.govtrack.us/congress/bill.xpd?bill=h111-3808&tab=committees
The bill has been referred to the following committees:
House Judiciary
House Judiciary, Subcommittee on Courts and Competition Policy
Senate Judiciary
http://judiciary.senate.gov/about/members.cfm
* Jeff Sessions, Alabama, Ranking Member
* Orrin Hatch, Utah
* Chuck Grassley, Iowa
* Jon Kyl, Arizona
* Lindsey Graham, South Carolina
* John Cornyn, Texas
* Tom Coburn, Oklahoma
No politician that voted for this theft of private property ought to be re-elected. Publish the list, please.
If they weren't, they would never be permitted to "win" an election.
That they are.
I'll second that!
VERY BIG, VERY IMPORTANT PING!!!
History of the bill
http://thomas.loc.gov/cgi-bin/bdquery/z?d111:H.R.3808:@@@X
Jeeeeeeze ...
Thanks a million, maggie.
Records of votes aren’t required ?
What hammer/threats were held over
the pubbie’s heads to procure this ?
Or .. were there any ? What’s the deal ?
Sponsor
Rep Aderholt, Robert B. [AL-4]-Republican (introduced 10/14/2009)
Co-Sponsors
Rep Braley, Bruce L. [IA-1] - 10/14/2009-Democrat
Rep Castle, Michael N. [DE] - 10/14/2009-Republican
Rep Davis, Artur [AL-7] - 10/14/2009- Democrat
They are POLITICIANS!!!!!
Politician n. - A four letter word spelled with ten letters.
Correction: I stated a valid notary does not invalidate a fraudulent deal. I meant to write a valid notary does not validate a fraudulent deal. One can always prove fraud, no matter how valid the notaries.
It is an attempt to reduce the furor over the records “abuses” in the current mass forclosure mess.
Notary evidence? I am not sure how this is a big issue. Most notaries simply state that the person who signed is who he says he is and that they witnessed the signature and the date.
Almost anyone can decide to be a notary. Is this a serious issue? Depends if there is a financial interest in the transaction.
TF, CASE;
I don’t think people are necessarily upset with the substance of the bill. It’s the fact that in the face of recent allegations of fraud on the part of the financial industry- Dems and Pubs, by unanimous consent, stealthily, instantly legalize part of alleged fraud by federal fiat.
Mike Castle?
Might explain the desperation of the RINOs to make sure he stayed in office.
6.3 TRILLION we are on the hook for and this will ensure we get stuck paying for it and that figure was from last February I know for a fact that with all the foreclosures since it has skyrocketed since then and note this money was left out of the Federal Budget!
I am certainly for prosecuting anyone who used "fraud" in the forclosure of homes. However if there is no "fraud" and the issue is recognition of a notary across state lines, that is another thing.
This may turn into a revenue enhancer for the legal profession and nothing of benefit will happen for those who were in forclosure. Is this a condemnation of interstate banking? Do you remember the discussion of that issue? Part of the problem of our time is that the institutions are so large as to be above accountability. Old Chinese proverb: "Today's problems were often yesterday's solutions."
“Mike Castle?”
Interesting, eh?
Personaly I wonder if the surge of the tea party might not have triggered much of this mess because nobody knows if their corrupt congressman will be able to protect them any more.
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