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To: Lurker
Because it would mean that literally any entity could gin up some phony paperwork, walk into a Court, swear it was genuine without any fear of legal consequences, and foreclose on any home in the Country.

And a civil war would result from that ... how?

Let's agree that such a thing would be bad ... albeit highly unlikely as a "normal" event such as what you're describing.

But for it to occur in sufficient volume to incite any sort of organized violent response, would require a number of cases that would far outstrip the capacity of the court system to handle them.

Beyond that, the political fallout from that sort of fly-by-night foreclosure operation would -- as we've already seen -- result in swift political reaction, most likely in the form of a moratorium on foreclosures. Which would also be bad, of course.

In real life, I'm fairly certain we're riding for a nasty financial fall, the consequences of which will be highly unpleasant. I doubt we'll see a civil war springing out of it, though.

25 posted on 10/25/2010 12:00:27 PM PDT by r9etb
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To: r9etb
In real life, I'm fairly certain we're riding for a nasty financial fall, the consequences of which will be highly unpleasant.

I think 'unpleasant' will be putting it mildly. I'm anticipating a nice, rosy glow from the south and west sides of Chicago when all those WIC debit cards finally stop working.

"War" is probably too strong a term for it. Perhaps "sustained civil unrest" would be better.

L

30 posted on 10/25/2010 12:15:58 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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