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CNN: The Florida "Rocket-Docket" Frontlines: "One Foreclosure Every Two Minutes"

After Matt Taibbi stirred popular spirits last week with his expose on the Rocket Docket foreclosure mill currently operating in Florida, today CNNMoney's Poppy Harlow follows up with a look at just what happens at the front lines of the foreclosure mess. Per the report, “judges are signing off on up to 25 foreclosures an hour. That's one about every two minutes.” The official story, for those who have not had a chance to read Taibbi's piece, is that since Florida has the second highest foreclosure rate in the country, it is stuck with a huge case backlog that must be cleared. The goal is to clear 62% of the back log in one year. These special foreclosure courts though, have become highly controversial, with critics dubbing them “rocket dockets,” and claiming judges are rushing through cases, unfairly favoring banks over homeowners. For once, we get the judges' side, which is rather hilarious: "there is no evidence, nothing has been presented to us in the 4th circuit, that there is any fraud being perpetrated upon the court. What is classified as fraud, can also be classified as sloppiness, can be classified as neglect, but the legal aspect of the word fraud, we do not experience that." Could it also be classified as bribery by the TBTF lobby we wonder?


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Absolutely criminal fraud with intent to defraud. Sycophantic.

Is what I gathered from listening to Greg Hunter last nite on Coasttocoast radio.
(more info)

Insanity or Ingenious?
By Greg Hunter’s USAWatchdog.com
"What is happening in the economy is signaling enormous changes for the U.S. and the world. The scale of what the Federal Reserve is doing is unparalleled in human history. No country has ever produced so much money and so much debt in such a short amount of time. "

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”