tag:blogger.com,1999:blog-1194375569044391746.post3835902224705302427..comments2024-03-28T05:30:09.322-04:00Comments on Corporate Justice Blog: The Greatest Election Issue Never Discussed: What to do with Insolvent Megabanks?Steven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1194375569044391746.post-29107120802042994282010-11-23T16:31:02.629-05:002010-11-23T16:31:02.629-05:00Eduardo hit it right on top of the nail, now we ju...Eduardo hit it right on top of the nail, now we just need the courts to hammer that nail into these megabanks coffin. It seems to me that the courts consistently take a soft stance on economic issues by invoking lame duck "Policy" into their decisions. I can imagine a court recognizing that an individual has been fraudulently foreclosed on by a bank but then not holding the bank liable in furtherance of economic efficiency because doing so would just open up the flood gates. Well let them drown!G.P. @ FIUnoreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-56634916097433113602010-11-19T14:57:27.991-05:002010-11-19T14:57:27.991-05:00If the banks "jig is up" and the courts ...If the banks "jig is up" and the courts have made the appropriate measures to stop the illegal and unethical activities by the banks, then what remedy do those have who have already been foreclosed upon with false notes or with no note at all? The county's legal system has finally taken a firm stance against the big banks abuses but what can we do to help those already defrauded. This perhaps could be the next wave of justice, suing banks for fraudulent foreclosure. With the courts new eager to stop attitude, hopefully they will now try to compensate those already defrauded, perhaps through a class action. The bailouts have very well changed the face of our nations economy. The risk of having our essential financial centers meltdown puts fear in the eyes of the average American and I believe that is why there has not been more outcry in rejecting them. Its just too scary for a lay person to fathom.EduardoR (FIU)https://www.blogger.com/profile/09302331268871077319noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-77639765040120963502010-11-19T14:55:36.107-05:002010-11-19T14:55:36.107-05:00This comment has been removed by the author.EduardoR (FIU)https://www.blogger.com/profile/09302331268871077319noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-2535628593251576632010-11-16T18:41:17.958-05:002010-11-16T18:41:17.958-05:00I believe my favorite line of this post is: “the ...I believe my favorite line of this post is: “the banks need to put up or shut up…stop soft-peddling the huge mistakes that have been made and start producing legally enforceable notes and mortgages under law.” The banks are behind this entire mess and now the entire country is suffering for it. Too long has corporate interest in the United States trumped the “well functioning rule of law.” Why are banks entitled to special treatment in comparison to the real individuals who are forced to pony up the cash to cover their poor decisions and greed? These megabanks have for a long time cashed in on loose enforcement and special treatment from local, state and federal governments—resulting in pervasive fraud, MERS, and the reckless banking practices--and now we have massive bailouts, 10 plus percent unemployment, and a hostile political climate.David H. Snider (FIU)noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-53266120103761910582010-10-28T17:15:47.886-04:002010-10-28T17:15:47.886-04:00Terrific insight. Thanks Will the Obama administ...Terrific insight. Thanks Will the Obama administration seriously consider a second bailout of Wall Street banks? How could that possibly be pitched to Main Street?Anonymousnoreply@blogger.com