The Common Good - 4

Are you in good hands with Oil State?

In this series we have been discussing how "the public good" is a concept that means one thing to the 1% plutocrats, but another thing to the 99% middle class and poor.

"The public good" originally was the purpose for the founding of the nation, and the reason for the U.S. Constitution and laws.

We have become so subverted and our national priorities turned upside down to the point that some writers have hypothesized that this downward trend, this morph of the concept of "the public good" into the new meaning "the public bad", may be here to stay:

If you're worried about where America is heading, look no further than Tennessee. It's lush mountains and verdant rolling countryside belie a mean-spirited public policy that only makes sense if you deeply believe in the anti-collectivist, anti-altruist philosophy of Ayn Rand. It's what you get when you combine hatred for government with disgust for poor people.

(Fundamental Tennessee, emphasis added). Included in this mean-spirited and hate-filled selfish decline of the human spirit is defining "middle class and poor people" as "anyone that can be victimized" it would seem:

Nearly a third of all foreclosed borrowers who faced proceedings brought by the biggest U.S. mortgage companies during the height of the housing crisis came to the brink of losing their homes due to potential bank errors or under now-banned practices, regulators have revealed.

Close to 1.2 million borrowers, or about 30 percent of the more than 3.9 million households whose properties were foreclosed on by 11 leading financial institutions in 2009 and 2010, had to battle potentially wrongful efforts to seize their homes despite not having defaulted on their loans, being protected under a host of federal laws, or having been in good standing under bank-approved plans to either restructure their mortgages or temporarily delay required payments.

More than 244,000 of those borrowers eventually lost their homes, government data show.

(Home Plunder). Taking homes from people when they haven't even defaulted is the new concept of "the public good" by criminal plunder barons.

Regular readers know that Dredd Blog saw this coming after looking into one tool of the plunder barons:

Now we focus on one of the many aftermaths of that debacle, the Mortgage Electronic Registration Systems, Inc. (MERS) potential catastrophe:

The growing furor in the United States over improper foreclosure documents is focusing intense attention on MERS, a mortgage-record service company that tracks more than 60 million mortgages.

Mortgage Electronic Registration Systems has filed thousands of foreclosure actions around the country on behalf of lenders. Its right to do that is under challenge. Several courts around the country recently have ruled that MERS lacks the right to file such cases. Federal regulators say they are investigating its role. On Tuesday JPMorgan disclosed that it had stopped using MERS.

(Reuters, emphasis added). I read some depositions of MERS officials to come out with the impression that it borders on sham, has a fundamental flaw in its concepts, and should be avoided until massive repair is done.

(Banker Jekyll Will Hyde Your Money - 6). The mean-spirited anti-public-good people are spreading like a disease.

The next post in this series is here, the previous post in this series is here.

---

Oil-Qaeda gets a tax break for doing "good" public charity:

---