[quote=BigGovernmentIsGood]
No, I’m not saying that they would approve of it. The prevailing attitude here is that only irresponsible people are getting foreclosed upon. However, that is not always the case.
What I’m saying is that most Piggs probably don’t care whether the rule of law is followed when a borrower who isn’t making their payments gets foreclosed upon. However, if the banksters get away with not following the law and foreclosing on people who aren’t making their payments what is to stop them from then not following the law and foreclosing upon people who are making payments?[/quote]
Alright, well that makes sense when you explain it that way. But I think you are conflating two different things. I think that most people would agree that lenders should follow the law/rules, and if they don’t, they should be punished and made to start doing it right. However, that’s very different from saying that someone who stopped paying their mortgage should get a get out of jail free just because the documents weren’t filed right.
I (and presumably the piggs you are referring to) am against non-mortgage-paying homeowners getting a free house based on a technicality. But I am definitely not in favor of bank”st”ers, or of them skirting the law unpunished, or of legitimately mistaken foreclosures not having some recourse.
(And as context and to emphasize that first point, I think that a huge portion of the financial industry serves only as a giant parasite on the productive economy, and that the financial industry bailout has been/continues to be an economic and moral catastrophe).
