FEDERAL NOTARY BILL ATTEMPTS TO GRANT FULL PARDON TO LENDER, NOTARIES, WITNESSESPosted on October 6, 2010 by Neil Garfield
PRESIDENT OBAMA has headed for his desk a bill that would ratify the illegal practices revealed for the past three years on this blog and for the past three weeks and mainstream media. He might just as well issue Robo signed presidential pardons for the thousands of people involved in defrauding homeowners, investors and the entire judicial system. Send him a letter and tell him not to sign it.
Under the guise of simply reflecting changes in technology, the bill would force state and federal courts to recognize and accept the notarization from another state. This would be true even if the notary signed in blank. It would be true even if the witnesses were not present despite the recitation to the contrary signed by the notary. It would be true even if the main person signing the alleged document was not the person named as having signed the alleged document. It would be true even if the main person signing the alleged document was not present or identified by the notary. In other words under this new bill passed by both the House of Representatives and the Senate, both essentially bought and paid for by the financial services industry, all of the illegal, improper and criminal acts performed by the “lenders” (mainstream media insists on using this term even though it is not true) would be made legal. That sounds like a pardon to me, how about you?
If Pres. Obama signs this bill it will become law. At that point, more than half of the meritorious defenses of borrowers (homeowners) or petitioners in bankruptcy courts will go down the drain. The fact that this bill even got introduced without the mainstream media taking note is not really surprising considering the fact that mainstream media has failed to grasp the true scope of this fraud which began with the first sale of a fake mortgage bond to an investor. A fake financial services product was marketed to investors who believed they were lenders and to homeowners who believed they were borrowers, both of whom were mere pawns in the Wall Street game. In fact they supplied the only two ingredients that Wall Street wanted —money from the lenders and a signature from the homeowners. The nature of the document was immaterial. Now that the foreclosures are obviously fake, lawmakers responsive to the demands of the financial services industry have quietly passed a bill in both houses of Congress that would allow the fraud to be ratified and the perpetrators to escape any accountability whatsoever.
If Pres. Obama signs this bill he will be condemning the victims of this fraud to bear the full cost of the losses. If Pres. Obama signs this bill he will be awarding the perpetrators of this fraud all of their winnings. In case anybody hasn’t been looking, another development which has been ignored by our mainstream media is that countries around the world are looking for an alternative reserve currency to replace the once almighty US dollar. The reason they are looking is because they no longer have confidence in a system that produced a Wall Street scheme which in essence depreciated the value and viability of currencies and economies all over the world.
If Pres. Obama signs this bill he will be giving a signal to the world that the United States will be more vigilant, more sophisticated and much more involved in enforcement of laws, rules and regulations already existing in the marketplace and upon which all investors, lenders, homeowners, borrowers and foreign governments had placed reasonable reliance and suffered to their detriment. The loss of our status as the issuer of the world’s reserve currency will have profound consequences on our nation, our citizens, our businesses, and the prospects for generations of Americans yet unborn.
9 Responses
zurenarrh, on October 6, 2010 at 8:46 am Said:
So it’s not retroactive but ic Obama signs this, which he will–then they could just issue new robo-signed docs and do legally now what they couldn’t before? If so, then I second Karen’s “Holy Fucking Shit!”
Karen Pooley, on October 6, 2010 at 8:45 am Said:
This is the bill:
Please tell me where it rubber-stamps notaries NOT witnessing signatures?
H.R. 3808:
Interstate Recognition of Notarizations Act of 2010 – Requires each federal and state court to recognize any lawful notarization occurring in or affecting interstate commerce which is made by a notary public licensed or commissioned under the laws of a state other than the state where the court is located.
Requires such a notarization to: (1) use a seal of office as symbol of the notary public’s authority; or (2) have the seal information, in the case of an electronic record, securely attached to, or logically associated with, the electronic record so as to render the record tamper-resistant.
BSE, on October 6, 2010 at 8:32 am Said:
Another way to scam the US Home Owner and protect the banksters. Millions upon millions will now be forced into bankruptcy. So now we will flood the bankruptcy courts. and continue the fight. OBAMA you are an idiot !
BE a Patriot STOP YOUR MORTGAGE PAYMENT !
dny, on October 6, 2010 at 8:27 am Said:
It’s called H.R. 3808, known as the “Interstate Recognition of Notarizations Act.”
See more at
http://www.progressohio.org/blog/2010/10/secretary-brunner-please-tell-president-obama-not-to-sign-the-interstate-recognition-of-notarization.htmlforeclosurefight, on October 6, 2010 at 8:25 am Said:
How ironic that everyone in Washington has been tripping over themselves for YEARS with regards to this FRAUD and can’t seem to get anything done or make any progress to stop this…
Yet within WEEKS this Bill makes it to the President’s desk?!?!?
Does everyone in Washington have their heads so far up the Bankers ass that they know what they had for lunch…or is it the other way around???
This story was in the NY Times this morning…
http://www.nytimes.com/2010/10/06/business/06mortgage.html?_r=1&partner=rssnyt&emc=rssThey are trying to pass this bill through now and the timing has nothing to do with the current “crisis”…MY ASS IT DOESN’T!!!!
dny, on October 6, 2010 at 8:21 am Said:
“If Pres. Obama signs this bill he will be giving a signal to the world that the United States will be more vigilant, more sophisticated and much more involved in enforcement of laws, rules and regulations already existing in the marketplace and upon which all investors, lenders, homeowners, borrowers and foreign governments had placed reasonable reliance and suffered to their detriment. ”
- Neil, don’t you mean, if Pres. Obama VETOES this bill…?
See the misleadingly named story in NY Times at
http://www.nytimes.com/2010/10/06/business/06mortgage.html?_r=2&ref=usOhio Secretary of State Jennifer Brunner is speaking out against the bill, as she seeks to have a federal investigation of alleged criminal notary activity.
Karen Pooley, on October 6, 2010 at 8:16 am Said:
HOLY FUCKING SHIT. You’ve got to be kidding, but somehow I don’t think so.
Zinger, on October 6, 2010 at 8:09 am Said:
WHERE are your links to information? What bill? Do you have bill number to read?
gwen caranchini, on October 6, 2010 at 8:04 am Said:
If this is the first that I heard of it from you, then where are the media? I just wrote the White House, my congressman and my senator on this. We need to be flooing the white house and congress with notes on this. PLEASE PLEASE CALL ON ALL PEOPLE WHO USE THIS BLOG TO DO SO AND PLEASE CONTACT THE OTHER FOECLOSURE BLOGS TO DO THE SAME.
ProgressOhio Blog
Secretary Brunner: Please tell President Obama NOT to sign the Interstate Recognition of Notarizations Act
By Dave on October 5, 2010 6:46 PM
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Categories: Action Alerts
On Monday, September 27, 2010, U.S. Senator Bob Casey (D-PA), on the Senate floor, asked that the Judiciary Committee be discharged from further consideration of a bill that would hurt consumers.
H.R. 3808 requires federal and state courts to recognize notarized documents from other states, including ones that contain electronic notarizations that are not subject to the same consumer safeguards of documents notarized in person. Some financial institutions are using electronic notarizations to process home foreclosure documents.
Sen. Casey asked that the Senate move forward with immediate consideration of the bill with unanimous consent that the bill pass with no other action or debate. The Senate passed the bill without amendment by unanimous consent. It now sits on the President's desk. I'm asking you to email or call the President at 202-456-1111 to ask him not to sign the bill.
H.R. 3808 is known as the "Interstate Recognition of Notarizations Act." It passed the House under a suspension of the rules in April 2010. It requires federal and state courts to recognize any notarization that is lawful in the state where the notary is licensed. Now, in one day, it passed in the Senate.
When I learned of it last Thursday, it sounded innocuous to me, but then I started looking at the timing of the bill. GMAC, owned by Ally, had just suspended its foreclosure actions in 23 states, including Ohio. I had already referred Chase Home Finance, LLC, on August 23, 2010, to the U.S. Department of Justice, asking it to review and investigate Chase's document notarization practices in home foreclosures (18,000 documents per month were being notarized by 8 people, along with other irregularities). I license notaries in the State of Ohio. Even though I don't have the power under state law to investigate or prosecute, I couldn't stand idly by without acting. That's why I'm asking you to email or call the President at 202-456-1111 to ask him not to sign the bill.
Last Wednesday, the day before I announced the DOJ referral, JPMorgan Chase announced it was having third party counsel review its document procedures for foreclosures. Just two days before, the U.S. Senate had rushed through H.R. 3808. Something didn't seem right. Since then others agree with me.
Notarizing a document requires the signer to make a fundamental statement, an acknowledgment, before a notary public. It is used for documents of great sensitivity or value, like when the title of a car is transferred on its sale or when a bank tells a court how much is owed on a note for a mortgage when it wants to foreclose.
Some states have adopted "electronic notarization" laws that ignore the requirement of a signer's personal appearance before a notary. A notary's signature is that of a trusted, impartial third party, whose notarization bolsters the integrity of the document. Many of these policies for electronic notarization are driven by technology rather than by principle, and they are dangerous to consumers.
President Obama was presented with HR. 3808 on Thursday, September 30, 2010. As of today, he has not signed the bill. Please join me in urging him not to sign the bill by sending an email or calling the White House at 202-456-1111.
Mortgages are now being used as backing for securities traded all over the world by financial institutions. When a mortgage goes into default, a "chain of title" (list of its owners) must be created. It's being discovered that many financial institutions have taken shortcuts in creating lawful chains of title that allow them to foreclose and take homes when they would not otherwise have the right under the law.
Banks demand we follow every letter of their contracts. We must demand they follow the law. It's that simple. Please join me in urging President Obama not to sign the bill by sending an email or calling 202-456-1111.
Thanks for working together,
Jennifer Brunner
Ohio Secretary of State
