“It never ceases to amaze me what the sinners will use to justify their sins. “It’s okay if I default because the banks are greedy.” Whatever helps you sleep at night, sinner.”
Right, bring sin into this, when the banksters could not be in clearer violation of Biblical precept. Check out Deuteronomy 23:19-20. And when’s that year of Jubilee coming? Just so us sinners know, k?
It isn't about party affiliation or political persuasions nor is about one's perception as to their level of education.
It is about the law. More accurately, it's about the fact that we seem to have two sets of laws...one for government and "Too Big To Fail" financial institutions and another for everyone else.
To wit: AZ Rep. Seel [R] receives a rather gratuitous fifty-one percent principal reduction two days before the scheduled vote on Senate Bill 1259
I'm not going to post the entire bill but below is a summary.
"Provides a chain of ownership during foreclosure proceedings and allows reimbursement of lawyer fees for injunctions or court cases that fail to prove ownership."
After receiving his highly unusual principal reduction the good Senator failed to appear for the vote.
It's about the law.
Many of the same arguments laid out in the comments in this thread are brought up by counsel for MERS, Domestic Savings Bank, Credit Northeast, Countrywide Home Loan Servicing, Bank of America, N.A., and the Federal National Mortgage Association in the case below. The court was not pursuaded.
Robert E. Moll vs. MERS, et al
The brief provides an abundant amount of case law for those interested.
Back to the issue of two sets of laws and why we have them...this four minute video sums it up quite nicely.
"It is no measure of mental health to be well adjusted to a profoundly sick society"
We allow it to happen.
...all these are the beginning of sorrows. matthew 24: 8
I hope all of you folks have a nice day.
If something is wrong, it’s wrong. If you are able to keep paying your mortgage but refuse to because you are ‘underwater’, that is wrong. Nothing the banks did makes it okay. You signed the note, you agreed to the terms, you keep your word. Oh, and BTW, you are not just hurting the banks with your actions, you and others like you are really deeply hurting other totally innocent neighbors and homeowners by pulling all prices down and leaving vacant houses.