Well, it’s begun. Editorialists, columnists, bloggers, all explaining why we must not have a moratorium. They further explain that most foreclosures were done correctly. Most of these homeowners had defaulted on their loans.

Now, poor stupid me, can’t help but wonder where you get your statistics on who should have been removed from the their home and was it justified. Those numbers aren’t public and since the mortgage companies didn’t look at these foreclosure records, they don’t know either. No one knows. But we are repeatedly assured the vast majority of home foreclosures were done properly.

I want to see some proof. I want some numbers. Taking the word of the mortgage companies on this issue doesn’t strike me as a particularly smart move.

We have been lied to, manipulated and played. I don’t like it.

Mortgage companies only had to assert to the courts that they had reviewed the necessary document. They did not have to proof knowledge in court because it was assumed that they knew the basic fast of the case. The lawyers for these firms affirmed that this was the case. They were lying. We don’t know if they owned the property. We don’t know if their numbers bear any passing resemblance to reality.

But the thing I’m curious about is that old Watergate question. Do you remember? Howard Baker asked it during the Watergate hearings. “What did the President know and when did he know it?”

Okay, I want to know. “What did the CEO’s and directors of the mortgage companies know and when did the know it?”

You can add. “Why didn’t they stop it.”

You see, the mortgage companies conduct is not legal. It is reckless behavior and unconscionable. You can get sued for this and put in jail for criminal acts associated with it. (Taking people’s homes when you don’t own them sounds remarkably like grand larceny, doesn’t it?)

Let’s get some justice!

James Pilant