OHIOfraudclosure: U.S. Court sides with City of Cleveland v Wall Street

For years the City of Cleveland (Ohio) has fought a herculean battle against Banks, Wall Street and the lenders which almost destroyed the entire housing stock of Cleveland. The city fought to Hold Banks accountable in local courts, State and Federal courts and even all the way to the U.S. Supreme Court. Unfortunately, the well funded banks have spent millions litigating these cases, going “all-in” with a transparent effort and goal to financially wipe out the city (with legal expenses). The banks hoped, litigating these cases, even to the point of absurdity, would teach Cleveland (and other cities) a lesson – Don’t take on Wall Street! To date, that strategy has worked well by applying “legal paralysis” (on-going litigation) in an effort to prevent the already “asleep at the wheel” federal agencies and regulators from acting.

Fortunately, the U.S. Court of Appeals (for the Sixth Circuit) refuses to be “bought out” or “sell-out.” The court continues to enforce the Rule of Law and even show the Supreme Court of Ohio they’ll NOT allow the trashing of existing laws in favor of the Banks and Wall Street firms. Although this is not a win (on the merits of the suit), nonetheless, it holds co-conspirators Plaintiffs JP Morgan Chase (Chase Bank) responsible for procedurally abiding by the rules. The Sixth Circuit, took the time, as part of their published decision, to opine on the foreclosure crisis and added some colorful commentary (below) on the havoc that Wall Street brought on the city.

More here…

Copy of the ruling below…

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4closureFraud.org

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CHASE BANK vs CITY OF CLEVELAND