County Politicians And The Foreclosure Crisis

A county sheriff refuses to do foreclosures unless the banks prove everything's legit. It's a good first start. I don't know how much imagination county officials have, but they'd better start seeing where their interests lie. You can keep propping up corporate interests, or you can get the bright idea that the people and the property in your own backyard are the people and the property you need healthy and whole during these tough times. Bank of America isn't going to feed you, but there are folks in town that might.
If you let property title in your town get mired down under all this fraud, your town's real estate market will be frozen shut for years. It's fraud perpetrated against county jurisdictions. People should go to jail over this, but if the perpetrators aren't in your jurisdiction, well, the property is, and county officials have the say over who has claim. Put some staff in your court house to identify every single property effected by this- it isn't just the stuff in foreclosure. If you are brave enough, you may be able to transfer assets from the 'to-big-to-fail' banks that the majority in this country did not want to be bailed out, to, well, your constituency. Possession being 9/10ths of the law and all that.

Meanwhile, the media will tell you not to pay attention to all the robo-signing, fake documents, MERS, and focus instead on those mean, scruffy evil people who defaulted on their loans. They may be defaulters, but they aren't engaged in wholesale fraud. Moral hazard is a problem, but the defaulter will likely never have a chance at a sub-prime loan again, but the banks keep getting leave to commit the same crimes again and again. But then again, I'm writing this for politicians, who even if they are local, are usually unscrupulous bastards, so why am I trying to explain the moral situation? Here's your personal incentive:

Keep your local economy healthy, stick it to the banks, and have a sky-rocketing political career!


Okay, so it might not be possible to go as far as I suggest. Still, you ought to play like that's your end game, because this dying financial sector is going to keep trying to suck the life blood out of this country. The modern corporation, unfortunately, fights to stay alive, even long after it becomes harmful to its constituent parts, let alone society as a whole. Somebody has to kill the vampire; if you've got a half-way decent chance to, please take it!