". . . parties seeking in bankruptcy proceedings to avoid the ban on legal claims must show they own both the note and the mortgage."
In several of these cases now, in three different states, judges have been abundantly clear at the outset of the case what the bankers need to do to prevail.
And the bankers’ lawyers just seem to ignore the instructions from the bench.
Which tells me that either a) the lawyers the bankers are retaining are utterly incompetent, or b) (since this has happened with multiple law firms, in multiple courts, in multiple states) the banks simply do not have the docs.
The single worst thing I fear the GOP doing now is carrying legislation to fix this for the bankers, rather than letting the rule of law prevail and force the bankers to face the music.
But I’m guessing the GOP will stupidly do the bankers’ bidding now. I’ll bet that even now, some clown from the banks’ lobby is passing around a proposal in legislative language on how to fix this for the banks, and the idiots in the GOP are going along with this crap, based simply on the notion that the GOP should be seen as “pro-business.” Even if the business is illegal, has been breaking the law and will be breaking the law at the state level if the bankers prevail.