Cross-posted at Progressive Blue.
Update: Obama Will Not Sign Bill Seen As Cover For Bank Foreclosures. Apparently a pocket veto.
This is almost comical. If you are a member of the “enthusiasm gap,” have watched the Democrats represent the bankers over constituents and get the felling that Nancy Pelosi’s recent call for federal probe on mortgage lenders was nothing more than a letter to be forgotten on November third, here’s a little verification for you.
Apparently another great letter writer, Patrick Leahy who wrote so many sternly written letters to the Bush administration but never got around to a subpoena, is capable of taking action. After claiming “constituents” called him and pressed to have the “Interstate Recognition of Notarizations Act” pushed through, he got right on it.
The Senate doesn’t seem partisan once they hear their master’s voice. Not a Democratic filibuster for a bill meant to protect bank and mortgage processors from liability, not the Democratic majority voting down “out of state electronic notarization,” but a banker’s bill that passed in the Senate by unanimous consent on the day before they all went back to their states so they can tell constituents how Democrats represent the Middle Class.
This “debate free” bill quietly zoomed through the Senate.
The bill, passed without public debate in a way that even surprised its main sponsor, Republican Representative Robert Aderholt, requires courts to accept as valid document notarizations made out of state, making it harder to challenge the authenticity of foreclosure and other legal documents.
The timing raised eyebrows, coming during a rising furor over improper affidavits and other filings in foreclosure actions by large mortgage processors such as GMAC, JPMorgan and Bank of America.
Questions about improper notarizations have figured prominently in challenges to the validity of these court documents, and led to widespread halts of foreclosure proceedings.
The Ohio Secretary of State, Jennifer Brunner had a few thoughts about timing.