NOTE - AND HERE YOU HAVE IT: we have been shouting long and hard that this is a LAND GRAB, that our rights as property owners are being eroded. The government is not to protect YOU; government is owned by the banks and will side over the homeowner and the economy everytime.
IF YOU DON'T GET OFF YOUR BUTTS AND FIGHT WE ARE GOING TO LOSE AMERICA and the basic rights we have to own homes. THIS IS STATES RIGHTS ISSUE - NOT FEDERAL
COLE: Daley's Third Way path to Third World economy - Washington Times: "Therefore, last week's release by Third Way of a domestic policy memo outlining a plan for 'Fixing Foreclosure-gate' may well be a trial balloon for the Obama administration's next set of policies for dealing with the ongoing housing crisis. We can only hope that it won't be any worse than the administration's ongoing, miserable failure known as the Home Affordable Modification Program, or HAMP.
Unfortunately, our hopes would be in vain, because this memo outlines a federal power grab, taking precedence over 400 years of well-settled real-property case law. Essentially, it proposes that Congress pass legislation that would, among other things, provide 'a 'safe harbor' barring paperwork-related litigation on certain foreclosures,' and establish 'a statute of limitations to limit the time period in which suits can be brought.' In other words, it would override states' rights to decide real-property law and to 'protect' the rights of 'injured homeowners,' and it would simply eliminate many of those rights.
Why did Third Way release this memo now? It is a direct response to last week's decision by the Massachusetts Supreme Judicial Court on the Ibanez v. U.S. Bank case,"