And there are many curious aspects of this massive lawsuit:
– Free pass for George 43, who slept while Dick-the-Vice and the Republicans aided the bankers in laying waste to America,
– a press release in the body of the complaint (??),
– damages no greater then $75K for any plaintiff,
– an alleged “enemies list” that includes most of the richest and most outspoken Republicans in the country. (Now we know where the money came from behind this lawsuit.)

However, it seems that the Spire lawyers got it right that this is a massive banker fraud on everyone, abetted by higher-ups in the Government. And that now nobody knows who, if anyone, owns your or my mortgage.

We can only wait and watch this unfold to find out if it is like all of the other bogus “homeowner assistance,” programs like the AG Settlement, HARP, HAMP, etc., which helped only the banks.

Also, litigation takes years, and may not help anyone presently embroiled in foreclosure.

I just pray that it is legitimate…

Bob

Homeowner Too, I fully agree with you that our cooperation is needed. Our feelings, though row and well-founded, won’t help. But the facts will speak for themselves. Let’s create a thread with RICO facts, where the first poster reminds us all what constitutes a claim under RICO and what facts fall under RICO.
We should create kind of a form to be filled out to specify the state, the “lender/servicer/investor, the known fact, the date/s it happened, and a law firm involved.
This way, our factual help will be real and maybe, maybe, our outcries will be heard.
Still, I have a few questions. If it is a RICO complaint, it should be a criminal, yes? So, why the plaintiffs are the individuals and not the state or federal? If it is a class action, is someone else, similar situated, allowed to join or contribute or volunteer to be a witness?
Again, I agree that criticizing this mammoth of a complaint just won’t help.
I also agree with JohnR that in a long run some borrowers may be hurt with the uncertain processing and the final outcome of this case. So, let’s explore the worst case scenarios.

Honestly, I was glad to see this case filed. Someone dared to bring everything in the open, thus creating a recorded history in the bringing the evil system down. It may be a slow process, it may seem like a drop in the bucket, but “a drop hollows out a stone”, right?

I don’t know where you get the idea that I am a defeatist, I’ve personally been in this fight against, first Countrywide and now Bank of America, N.A. since October 2006 as a pro se litigantand I always encourage people to continue the fight in anyway possible.
That said, the reason I don’t put any faith in this kind of joinder mass litigation is because it does not help those of us who need help NOW. Just like all the so-called homeowner relief programs and all of the hopla surrounding the 50 state Attorneys General investigation, where did any of that get us, 2, 3, and now 4 years down the road and how many people have been made homeless waiting for relief.
Even if this lawsuit has the potential to expose the truth about what really has and still is going on it will not help those who need help now. This too is part of the big picture, history may record that our government played a big part in the TBTF Bank conspiracy that robbed the wealth of the American middle-class but by the time the facts are revealed all those harmed will be dead and gone.

We need justice now and this mass joinder litigation will not provide it……….. But don’t call me a defeatist.

When you understand that all these “deals” which are made are not worth the paper they are written on, you will understand why the PTB are fighting to the bitter end. It is literally a life and death battle for them. What do you think the people will do to them when the truth comes out? And now, with this Obama thing coming out about how he told the armed forces to “stand down” when they were quite capable of saving those folks in Benghazi….Well, lets just say the end is near for a whole host of folks on both sides of the Wall Street Banks/Washington DC revolving door. Even the CIA is putting it on the record it was not they who forsake the Americans sacrificed in Benghazi and Hillary is throwing Obambam under the bus. Of course, judging from your defeatist attitude, I would say that you already know all this, right DL? Is there a reason you would not want the people to persue accountability for such a treasonous act as this lawsuit exposes? And as for your last comment, I challenge you to provide any evidence that this lawsuit is not legitimate, or anything alleged is not accurate.