Tuesday, November 16, 2010

House to Vote on HR 3808 on Wednesday, Again

HR 3808 is BBAAAACCCCK. If you think the new Republican Congress is somehow different from the one that got ditched, well I'm sorry to reveal this news to you that not much has changed. It feels like we're trapped in somebody else's nightmare (I have a good idea as to whose nightmare), where bad things just keep coming at us over, and over, and over again.

Remember the sneaky effort by Congress to pass this bill right before the election, which would "require any Federal or State court to recognize any notarization made by a notary public licensed by a State other than the State where the court is located when such notarization occurs in or affects interstate commerce"?

They actually passed it, and presented it to the President to sign. But because so many people found about the bill and cried FOUL, our Prez had no choice but vetoed it, sort of, by not signing the bill.
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Well, they are at it again, apparently trying to override the wimpy veto. House is set to vote on it on Wednesday.

To recap, the implication of this bill is this (from Zero Hedge article on 10/06/2010):

"... the legislation, if enacted, could protect bank and mortgage processors from liability for false or improperly prepared documents. In other words, with one simple signature Obama has the capacity to prevent tens of billions in damages to banks from legal fees, MBS deficiency claims, unwound sales, and to formally make what started this whole mess: Court Fraud perpetrated by banks, a legal act, and to finally trample over the constitution."

STOP THE FRAUD. Call your Congressmen and Senators.

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