10,000 GMAC Foreclosures Stopped Dead In Their Tracks--By A Group Of Law Students

HT Denninger.

If the fraud is so obvious that law students can convince a court of it, then all those sharks attempting to foreclose homes with robo-signature docs, and no proof of who owes what to whom are in some deep doo-doo. As is GMAC, which is a Ward of the State.

This makes for entertaining reading, and will make for interesting times once the implications play out. That's two states in one week, both of them Deep Blue, with the courts just saying no to perjured documents.

Remember when GMAC was melting down? It was an auto-finance company that decided it was a mortgage lender. Then when it needed money to stay alive, presto-chango, the Treasury and Da Fed decided it was a friggin' bank! Even has a front--Ally Bank--that runs goofy ads, pretending to be a bank. It's still GMAC, and it's still an insolvent scam. That we will end up eating the losses on.

One person (who appears to speak from the political Left) left a comment on the article is worth quoting, and he cuts straight to the ethical heart of the matter:

Instead of helping the distressed homeowners whose lives are being ruthlessly and systematically ripped apart by the criminal banks, the President had the unmitigated gall to accelerate and facilitate the unlawful forfeitures by the banks with his incredibly bogus HAMP program and then topped that disgraceful act by blaming the victimized homeowners for causing the crisis.

What kind of a man is Obama who would dare to use a nine-year-old dead girl as a stage prop to make a point about the need for civility in our dealings with others during a national speech, when he is assisting the criminal banks to steal millions of homes in the United States...?

What kind of a society are we when the only people fighting for justice are law professors and their students working for free?

At least, sir, we have them. And, there is a glimmer of hope out there, if these folks are willing to take on a GMAC.

Next time you donate and vote, sir, remember this day and these events.

Now, let's make certain Congress does not again cave, and come to the rescue of the criminals. The full court press will begin shortly.