Reply #100: Obama to veto bill over fear it will cause more foreclosures

[flyarm]

we know Obama Veto'ed this bill..but understand what was in that bill..and why it was rushed to Obama with all the lawsuits beginning to fly in states all over this country..the Banks wanted to be able to use fraudulent documents from Foreclosure Mills and use them across state lines..so people would have a very hard time having their own state laws protect them! and their day in courts in their own states!

Thank Gove for the whistle blowers who let this info out before this bill could become law..but we are still fucked!

Obama to veto bill over fear it will cause more foreclosures - McClatchy D.C. Bureau - Kentucky.com
http://www.kentucky.com/2010/10/07/1469592_obama-to-veto-bill-feared-to-cause.html
Obama to veto bill over fear it will cause more foreclosures
Margaret Talev - McClatchy Newspapers
WASHINGTON — President Barack Obama will veto a bill that he fears could be misused to force more homeowners into foreclosure.

Originally the measure, which makes it easier for notarized documents to be accepted across state lines, was thought to be non-controversial and passed with bipartisan support in Congress. However, White House Press Secretary Robert Gibbs said Thursday that there are now concerns that its language could cause "unintended consequences" damaging to consumers, especially homeowners.

Three large national banks have recently halted foreclosures in 23 states in light of evidence of flawed documents or improper procedures. In that context, Obama is asking Congress to go back to the drawing board on H.R. 3808, the ]"Interstate Recognition of Notarizations (IRON) Act of 2010." .



Read more: http://www.kentucky.com/2010/10/07/1469592_obama-to-veto-bill-feared-to-cause.html#ixzz121agENhs