MARYLAND CLASS ACTION AGAINST FORECLOSURE MILL

FILED TODAY: 11.10.10 -Maryland-Class-Action-Bgww[1]

Action alleges robosigning and intentionally falsified documents screwing up the court and property title system.

Great Line: “…the Defendants assembly line foreclosure prosecution became to foreclosure misconduct what Henry Ford was to automobile production.”

Editor’s Comment: Now I am not given to investment advice, especially in this uncertain environment ….. BUT I can’t help thinking of my Wall Street days when I would have been shorting, buying puts and otherwise betting the farm on the demise of these Mills and the investment banks that funded the “boutique” investment banking firms that provided the money to get these mills going and maintained. Plausible deniability just became implausible deniability or to put it more simply, a damn lie. In my not-so-humble opinion this will keep exploding in the face of the bankers until the decks are cleared. Their strategy is borne on arrogance. That arrogance is based upon assumptions of power that are, in my opinion, misplaced. They are ALL going down. The people in these Mills are not going to protect the people at the top of the chain. Neither the control nor the incentive is present. Bernie Ebbers is probably looking forward to the company.

Posted in bubble, Corruption, Eviction, securities fraud |