And the Beat Goes On… Yeah, the Beat Goes On…
You know, both Reuters and AP have reported that even though the mortgage servicers promised to stop the “robo-signing” of documents crucial to the foreclosure process, the banksters have actually continued robo-signing, so basically nothing has changed.
And call me crazy, but I found the news oddly reassuring… you know… like a peanut butter and jelly sandwich and an ice cold glass of milk. Ever since Maine attorney Tom Cox exposed robo-signing while deposing a GMAC employee last fall, and then the OCC/OTS/ Federal Reserve investigation concluded with the issuance of the consent orders just a few months ago, I’ve been feeling kind of uncomfortable about things.
I mean, for one thing we haven’t heard too much from the banksters, they’ve been getting kicked around quite a bit, but that’s about it and when they’re too quiet it makes me nervous.
I kept waiting for the other shoe to fall. Like, what new type of criminal forgery crap would they attempt to pass off in court in order to foreclose next? Would they invest millions in some new printing technology and be able to recreate the notes flawlessly?
Or was the relative quiet just the sound of them lobbying congress with untold billions hoping for another Get Out Of Fail Free card? Like maybe a new law that just says… “All assignments of notes must be now signed by Linda Green.”
So, when I saw the stories about their continued robo-signing, I was actually relieved. I guess, as far as I’m concerned, robo-signing has become like comfort food.
Lyrics | Sonny & Cher – Beat Goes On lyrics
And the beat goes on… yes the beat goes on… come on, sing it with me… and do your best Cher imitation… you know, with your tongue in your cheek as you flip your hair back…
The Beat Goes On…
And the beat goes on… Yes the beat goes on…
Robo-signing docs, they can’t refrain
Robo, Robo Ree… Robo, Robo Raa…
Robo, robo Ree… Robo, robo Raa…
~~~
Owning homes was once the rage, uh huh
MERS has blurred the title page, uh huh
Lost note affidavits the thing, uh huh
Robo-signer the newborn king, uh huh
~~~
And the beat goes on… Yes the beat goes on…
Robo-signing docs, they can’t refrain
Robo, Robo Ree… Robo, Robo Raa…
Robo, robo Ree… Robo, robo Raa…
~~~
Notes not signed except in blank, uh huh
Screw the rules cause we’re a bank, uh huh
Homeowner keeps on begging for loan mod
Essentially we are the kings of fraud
~~~
And the beat goes on… Yes the beat goes on…
Robo-signing docs, they can’t refrain
Robo, Robo Ree… Robo, Robo Raa…
Robo, robo Ree… Robo, robo Raa…
~~~
People sit in chairs and sign their names
Boys and girls don’t try to play these games
Our bonuses are way beyond obscene
Come work for us we’ll name you Linda Green
~~~
And the beat goes on… Yes the beat goes on…
Robo-signing docs, they can’t refrain
Robo, Robo Ree… Robo, Robo Raa…
Robo, robo Ree… Robo, robo Raa…
~~~
Judges we know they don’t have a clue
Like the trusts our cases pass right through
You’ll never win this game of cat and mouse
We’ll tell the judge you’re here for a free house
~~~
The beat goes on… and the beat goes on…
And beat goes on… the beat goes on…
The beat goes on… and the beat goes on…
And beat goes on… the beat goes on…
~~~
See, quite a few people were really upset over this revelation, and I guess I understand why… it is sort of like saying… f#@k you to the courts and the federal regulators. And I get that.
But, on the other hand, do you know how this ongoing robo-signing was uncovered? It was the county recorders that caught it, how funny is that? It didn’t require any sort of investigation or anything like that… they just did it and sent it in like it was just another day in the life. Can you imagine?
And what would you like to bet that it was probably Linda Green or another famous name like that too? If they’re this un-original, they’re certainly that un-original. And besides that, why would they have stopped? It’s not like they were punished for it last time, right?
Think about it… the major banks in this country all got caught forging and fraudulently signing affidavits to be used in courts and they didn’t even get fined! If you or I would have done the same things, we’d be in so much trouble we’d never be able to get a job at the Post Office.
It’s nice to know that some things don’t change…
And think about this benefit… the more they robo-sign, the more homeowners can use it as a defense to stop foreclosure, and the courts have a tendency to frown on fraudulent documents, even if you are delinquent on your payments. And it’s easy to catch… I’ve got a list of robo-signers… you can access it below.
So you see… while it’s true on one hand it shows the banks have absolutely no respect for our laws, our government, or our society as a whole… and it’s clear that they have no fear of anything happening when they do as they please… on the other hand they’re getting sloppy. And sloppy bankers are easy to catch.
See, there’s a bright side to everything!
Mandelman out.