NOTE: Didn't I say earlier today that I doubt this is going to do a lot other than temporary fix? The politicians are already making room for a remedy... for CHEATING, STEALING and perpetrating FRAUD upon Courts and they will find a remedy. Like the one GMAC did for us...... no extension of sale, just refiled an affadivit and continue on like nothing happened with a Federal court judge's blessing. Yup that helps a lot.
Political Economy - Connecticut halts all foreclosures for all banks: "But Connecticut is the first to institute an industry-wide ban.
in Connecticut, Blumenthal said in a statement that he is investigating J.P. Morgan Chase and Ally, formerly GMAC, which is the recipient of a $17 billion federal bailout and majority-owned by the U.S. Treasury, as well as other lenders.
He said the actions of J.P. Morgan and Ally are a 'possible fraud on the court undermining the integrity of the legal process and consumers' ability to fight foreclosures.
'This freeze should stop a foreclosure steamroller based on defective documents and enable effective remedies,' Blumenthal said."