WASHINGTON -- President Obama vetoed a bill that could have made it easier for courts to process foreclosures faster, authorities at the White House said last week. The bill would have required federal and state courts to recognize documents that were notarized in other states.
Both the House and the Senate passed the bill by voice votes, a procedure reserved for non-controversial bills. As a result, the House and Senate passed the bill in April and September, respectively.
Lobbyists for Theta Beta Mu (ΘΒΜ)--symbolic for "They Better Move", the name applied to a group of insidious financial industry insiders serving a fraternity of America's five largest banks: Bank of America Corp; JP Morgan Chase & Company; Citigroup; Wells Fargo & Company; and Goldman Sachs Group, Inc.--leveraged their representatives within both chambers to ensure they passed the bill that would clear up the congestion in courts and expedite the foreclosure process.
"I'm not at liberty to disclose exact amounts here, but we backed up the truck and are dumping an egregious amount of cash onto Dodd, Shelby and almost every other Senate banking committee member, save Mike Crapo," stated Kingsly McKnight, Goldman Sachs' top in-house lobbyist, who quietly went on to disclose, "Crapo's preexisting prostate cancer battle represents a conflict of interest with our insurance industry lobby team."
However, amid plummeting approval ratings and growing concern that the bill might have made it more difficult to challenge the quality of foreclosure records at a time when improperly foreclosed homes are increasing, President Obama struck down the bill. "Out of an abundance of disregard for bipartisanship, President Obama will send this bill back to Congress," White House spokesman Robert Gibbs said. "He believes Congress' apparent attempt to protect the interests of the international banking system could be better served with more Orwellian legislation."
After the announcement, CNN polls show even U.S. residents oppose the President's veto. "I wanna' keep my home," said Dora Rae Mi, a migrant farmer and illegal alien residing in [I swear I'm not making this up] Looneyville, WV. "I work on medical marijuana farm, so court can not hear legalization case. If US no legalize marijuana, I get screwed and lose house!"
Nevertheless, U.S. banks are under pressure to halt foreclosures due to widespread allegations that loan servicers failed to verify legal documents that could result in hundreds of thousands of cases. Rep. Robert Aderholt (R-Ala), who sponsored the bill in the House, immediately shot back at the veto stating that they "hit the nail on the head directly" with this bill and concluded, "We're tired and just want to go home". As if to underscore his point, "Lenders took over 102,134 properties last month," RealtyTrac Inc. wrote in a report today. "This is a new record in a new age of records!"
President Obama's veto heaped hot coals of controversy into the already debatable debates raging ahead of the November 2, 2010 General Election. Speaking to reporters today in the Rose Garden, Mr. Obama said, "I implore all incumbents and opponents vying to represent the great people of the United States of America to actually grow a pair and really put 'resent' back into the word 'representative'. If you screw up the lucrative rewards of politics by preventing the wholesale hijacking of the global economy by our largest sponsors, you can kiss by gorgeous black ass!"
Both the House and the Senate passed the bill by voice votes, a procedure reserved for non-controversial bills. As a result, the House and Senate passed the bill in April and September, respectively.
Lobbyists for Theta Beta Mu (ΘΒΜ)--symbolic for "They Better Move", the name applied to a group of insidious financial industry insiders serving a fraternity of America's five largest banks: Bank of America Corp; JP Morgan Chase & Company; Citigroup; Wells Fargo & Company; and Goldman Sachs Group, Inc.--leveraged their representatives within both chambers to ensure they passed the bill that would clear up the congestion in courts and expedite the foreclosure process.
"I'm not at liberty to disclose exact amounts here, but we backed up the truck and are dumping an egregious amount of cash onto Dodd, Shelby and almost every other Senate banking committee member, save Mike Crapo," stated Kingsly McKnight, Goldman Sachs' top in-house lobbyist, who quietly went on to disclose, "Crapo's preexisting prostate cancer battle represents a conflict of interest with our insurance industry lobby team."
However, amid plummeting approval ratings and growing concern that the bill might have made it more difficult to challenge the quality of foreclosure records at a time when improperly foreclosed homes are increasing, President Obama struck down the bill. "Out of an abundance of disregard for bipartisanship, President Obama will send this bill back to Congress," White House spokesman Robert Gibbs said. "He believes Congress' apparent attempt to protect the interests of the international banking system could be better served with more Orwellian legislation."
After the announcement, CNN polls show even U.S. residents oppose the President's veto. "I wanna' keep my home," said Dora Rae Mi, a migrant farmer and illegal alien residing in [I swear I'm not making this up] Looneyville, WV. "I work on medical marijuana farm, so court can not hear legalization case. If US no legalize marijuana, I get screwed and lose house!"
Nevertheless, U.S. banks are under pressure to halt foreclosures due to widespread allegations that loan servicers failed to verify legal documents that could result in hundreds of thousands of cases. Rep. Robert Aderholt (R-Ala), who sponsored the bill in the House, immediately shot back at the veto stating that they "hit the nail on the head directly" with this bill and concluded, "We're tired and just want to go home". As if to underscore his point, "Lenders took over 102,134 properties last month," RealtyTrac Inc. wrote in a report today. "This is a new record in a new age of records!"
President Obama's veto heaped hot coals of controversy into the already debatable debates raging ahead of the November 2, 2010 General Election. Speaking to reporters today in the Rose Garden, Mr. Obama said, "I implore all incumbents and opponents vying to represent the great people of the United States of America to actually grow a pair and really put 'resent' back into the word 'representative'. If you screw up the lucrative rewards of politics by preventing the wholesale hijacking of the global economy by our largest sponsors, you can kiss by gorgeous black ass!"





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