Just to be clear: "robo-signing" is technically called "lying under oath"

[MannyGoldstein]

The documents that were signed were sworn statements to be presented to the court. Signers, many of whom were lawyers, were swearing to the court that the information that they were presenting was known to be true, whereas in reality they had no idea, and didn't care. Many perjuries occurred, and now the Obama administration is sweeping them under a rug to protect their cherished banker class.

From http://www.dailyfinance.com/2010/10/13/did-robo-signing... /

What made the attorneys so nervous? Well, Kapusta testified that the law firm manufactured documents as needed, backdated documents, signed more than 2,000 documents daily without reading them, switched signature pages among documents, and had three people sign the same name. She swore the firm knowingly created and gave courts documents with key information listed incorrectly, such as how much the debtor owed or which bank was foreclosing. (In these cases, the COO used her judgment to make "business decision" about what to do.)

Kapusta testified that probably 50% of the time the firm failed to give homeowners notice that a bank was foreclosing on them, while simultaneously and grotesquely padding bills for the "service" by naming John and Jane Does to be served, even if they didn't exist. To keep everything going, the firm maintained a "bible" that explained how each judge scrutinized the submitted documents, so that the firm could make the documents pass muster in each court. No wonder the attorneys at David J. Stern worried about their licenses.

I guess it only affected the 99%, so no harm's done, eh?

Well, fuck 'em. It's dishonest and it's a fraud upon the American People. I guess it's only "liberty and justice for some" in America today.

[Sanity Claws]

1. Too big to prosecute

[PoliticAverse]

2. The president is required to "take care that the laws be faithfully executed"...

if he doesn't do that he should be replaced.

[Riftaxe]

5. Psst! the President has robo signed bills

http://latimesblogs.latimes.com/washington/2011/05/patriot-act-extension-obama.html">You really should pay attention.

[riderinthestorm]

3. Cue the DU blame brigade who believe all foreclosures are legal and the homeowners fault!

I hate when they show up and sincerely hope they can finally figure out that there was/is massive fraud going on. The fact that this Admin is enabling and abetting the fraud perpetrated on the working class is sickening. If the average Joe or Jane had access to the kind of legal talent these banks have, they could and would surely win but unfortunately most of them are simply unable to fathom the depths of criminality against them and thus they lose out on the fight that needs to happen to save their home.

K and R. Sadly.

[Selatius]

4. It doesn't matter in the end. The White House wants to cut a deal with the banks over this.

The Banks will contribute money to a fund to modify home mortgages with distressed homeowners, and in return, several state attorney generals and the Justice Department will overlook these "improprieties" and grant them immunity against civil lawsuits arising from robo-signing or the forging of documents. The broader the immunity deal, the more the banks are willing to contribute to the fund.

[MannyGoldstein]

6. So why doesn't it matter?

I'm a little confused (I often am).

[Selatius]

7. Because nobody big is going to jail.

We can call robo-signing a form of theft, and it most certainly is, but if nobody is going to be prosecuted, and the same crooked people are free to create whatever garbage they want and peddle it as securities, we've failed nobody but ourselves, and we're the ones who put Obama into the White House.

[villager]

8. Glad our new administration is cracking down on that!

Oh wait...

[Angry Dragon]

9. I just sit back and wait for the next big bust

and there will be another big bust
not enough money at the bottom to hold this country together
it is a triangle sitting on its point, just swaying back and forth
not knowing which way it will fall, but fall it will

Many more people will be crushed this time

[Hydra]

10. That's basically the point

You don't kill the goose who laid the golden egg unless you don't care about the gold anymore.

[Quantess]

11. K & R