Legal Commentary

Cantor: Leave Foreclosing Banks Alone!

By Big Tent Democrat

CNN.com:

Asked about a solution, [GOP House Minority Whip Eric] Cantor replied: "People have to take responsibility for themselves. We need to get the housing industry going again. We don't need government intervening in every step."

(Emphasis supplied.) Assuming that's true, do you think Cantor will favor requiring the banks to follow the law of foreclosure, which in most states requires that the foreclosing party prove that it does in fact have standing to foreclose? See, there's the problem for Cantor and the bank defenders - if the Feds do not intervene on behalf of the banks, many banks are finding they can't foreclose, because they can't prove they own the mortgages they want to foreclose on. If Cantor believes what he is saying, then he should oppose any breaks being given to banks in the foreclosure process. But we all know Cantor is full of it.

Speaking for me only

Full post as published by TalkLeft on October 10, 2010 (boomark / email).