By Sam Smith

If you were to sign a false legal document, the courts and police would not call it “flawed paperwork.” But that’s the term the Associated Press is using about the foreclosure situation  with similar soft pedaling by other major media. In fact, this is potentially one of the largest scandals of recent times. Fortunately, attorneys generals in more than three dozen states are about to launch investigations into mass falsification of legal statements by the nation’s banks. You can get a sense of just how serious this is from the fact that Bank of America, JP Morgan and PNC have stopped their foreclosures in states where judges have to approve the action. Despite what the AP says, this isn’t about “flawed paperwork;” it’s about a potential major criminal scandal.

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Related reading:

Time for Criminal Charges To Be Filed . . .
The Big Picture (14 Oct 10)

US Banks Fake Documents to Rush Foreclosures
GlobalResearch.ca (12 Oct 10)

Bank Admissions May Constitute Newly Discovered Evidence For Purposes of Unwinding Foreclosures
Fight Foreclosure (11 Oct 10)

Catherine Austin Fitts’ Blog Commentaries

Foreclosures Slow as Document Flaws Emerge
(3 Oct 10)

Ohio Secretary of State Sends Criminal Referral To US AG Over Mortgage Scandal
(1 Oct 10)