Stacy McCain is bemoaning the destruction of the property market in Maryland caused by a ruling against the banks who created fraudulent documents. From a report he linked to:
In a major ruling Friday, a coalition of nonprofit defense lawyers and consumer protection advocates in Maryland successfully got over 10,000 foreclosure cases managed by GMAC Mortgage tossed out, because affidavits in the cases were signed by Jeffrey Stephan, the infamous GMAC “robo-signer” who attested to the authenticity of foreclosure documents without any knowledge about them, as well as signing other false statements.What? The banks don't have to follow the law Mr. McCain? They can lie and the lies have to be accepted? I dunno Stacy. What ever happened to your respect for the rule of law?
You are correct about the destruction of the property MARKET. The alternative is the destruction of the rule of LAW. Choose one.
Cross Posted at Classical Values