Obama’s Treasury Secretary Wants To Allow Banks To Continue Using Robo Signed False Affidavits
As I am sure you already know, a robo signer refers to a Bank employee whose job it is to sign their name to as many “false affidavits” as possible without reading them. Robo signed false affidavits have been a rage among mortgage servicers and debt collectors for the past decade or more.
I Guess False Affidavits Are OK For Banks To Use!
Instead of acknowledging that these robo signed false affidavits are to blame for the economic and legal disaster our country finds itself in, treasury secretary Timothy Geithner wants to punish the legal aid attorneys who discovered the crime by taking away their funding. That will teach them for making the public aware that Banks use false affidavits.
Using False Affidavits Will Soon Be Government Policy
He wants to allow the banks to continue to do business as usual and allow them to use false affidavits. Why would he do that?
To answer that question take a look at who is a major major contributor to Democratic election fundraisers. Take a look at the industry that many of Obama’s hand picked political appointees came from. The mortgage, banking and financial services sector!
Eliminating False Affidavits Would Spell Disaster
What would happen if the use of robo signed false affidavits stops in todays market? Foreclosures would screech to a halt considering the Banks would not be able to prove up the paperwork they submit to the courts. No more false affidavits means no more foreclosures which would create a big problem for the economy because it would essentially shut down the housing market and force the government to bail out the Banks again.
After more than 2 years in power the heat is on Obama and his hand picked appointees to turn the crumbling economy around and I don’t think they want to announce to the citizens that they are once again going to bail out the banks with a few hundred billion or a trillion dollars.
They can avoid another bank bail out by simply letting them continue to do business as usual and keep using false affidavits in their pursuit of foreclosures and consumer debt lawsuits. Have you noticed how the main stream press keeps reporting the false affidavit felony as a simple paper glitch? Well filing false affidavits is not a paper glitch.
I think it is time Banks are made to pay the price. They call that an economic disaster. Certainly a disaster for them but an economic uplifting for the rest of us. Put the heat on your elected officials and tell them to not allow the financial community to use false affidavits any more.
