Why Inequality Matters: 3 Ways the Mortgage Crisis Has Undermined Our Legal System

Why Inequality Matters: 3 Ways the Mortgage Crisis Has Undermined Our Legal System

Banks are demonstrating that if you have enough money and influence, you’re not expected to follow the same laws as everyone else.

For several years, I have been writing that extreme economic inequality is among the most destructive forces in a society. As inequality grows, it undermines the effective functioning of the economy, the basic tenets of capitalism, and the foundations of democracy.

Unfortunately, the housing crisis and now the housing settlement increasingly look like an example of how these mechanisms work.

One of the central characteristics of highly unequal societies is that two sets of laws develop: One set for the rich and powerful and one set for everyone else. The more unequal societies become, the more easily they accept the unacceptable, and with each unrebuked violation, the powerful actors at the top of the society gain an ever greater sense of entitlement and an ever greater sense that the laws that govern everyone else don’t apply to them. As a result, their behavior becomes increasingly egregious.

I would suggest that the robo-mortgage scandal is a strong indicator that this type of unequal justice is now becoming ever more commonplace in America. Past bank abuses are typically discussed without a sense of outrage. They have, in effect, become a recognized practice of deception with no consequences. Here are three prominent examples from the past few years:

First, the robo-mortgage scandal was discovered. As powerful members of society, the banks effectively decided what laws they wanted to follow and disregarded others. The banks claimed that their violations were technical and harmed no one. Nonetheless, the activities of the banks constituted massive fraud, perjury, and conspiracy. Bank officials have testified in court that they filed as many as 10,000 false affidavits a month. These are effectively undeniable admissions of law-breaking on a massive scale.

It’s a federal crime, punishable by up of five years of imprisonment, to knowingly file a false affidavit with the court. From the perspective of the law, you are guilty of the same perjury when you falsely testify in court or when you submit a false affidavit. In most states, filing false affidavits with the court similarly constitutes a felony offense of perjury.

Rest here…

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4closureFraud.org

Comments
3 Responses to “Why Inequality Matters: 3 Ways the Mortgage Crisis Has Undermined Our Legal System”
  1. MARGETTA LANGLOIS PRO.SE says:

    JUDGES DON’T CARE ABOUT THE “FRAUD”, FORGERIES”, & “PERJURIED” AFFADAVITS THIS IS WHAT GOT THEM WHERE THEY ARE & WHAT THEY GOTNBY DOING ALL THIS.

    JUDGE’S AARE BREAKING THE LAWS NOT ABIDING BY THEM IT’S VERY SD BUT EVERYONE IN THE WORLD IS GOING TO LOSE THEIR HOMES ILLEGALLY THERE IS “NO” JUSTICE ONLY MORE “INJUSTICE”

    HOW CAN THIS WORLD GET SO F—-D UP ? I GUESS IT’S “G-R-E-E-D.” OF THE JUDGES FOR

    “KICK-BACKS”

    LET’S TAKE THESE JUDGE’S HOMES AWAY & SEE HOW THEY LIKE IT, SOMEDAY PEOPLE ARE GOING TO GO SO NUTS THEY’RE GONNA TAKE THINGS INTO THEIR OWN HANDS TO RECEIVE JUSTICE…

    JUDGE’S AARE IGNORING THE FLA. LAWS.

    EVEN W/ COURT REPORTERS THESE JUDGE’S DON’T CARE.

    SO DISGUSTED

    IF ATTY.’S CAN’T WIN

    HOW RE WE “PRO.SE’ TO WIN ???

    • lvent says:

      MARGETTA…THEN YOU HAVE TO DOCUMENT AND PROVE THEIR GIGANTIC FRAUD…. AND SHOVE THAT PROOF…..AND RULE OF LAW RIGHT IN FRONT OF THEIR FACES……!!! THEY CAN ONLY DENY BECA– USE OF THEORY…. BUT THEY CANT DENY FACT…..AND RULE OF LAW……!!!!!! BROUGHT BY YOU, THE TRUST AND THE TRUSTEE ……THE OWNER OF THE PAID DEED….AND NOTE…..AND MORTGAGE….!!!

  2. Ron Moss says:

    If Rob McKenna knows about the contributution by Routh Crabtree law firm he should recognize that was a Bribe and treat it that way. Their Janaya Carter wpuld certainly be capab;e of a BRIBE. she was my evictor.

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