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Friday, January 7, 2011

Just a little justice for homeowners

So Massachusetts' highest court, the Supreme Judicial Court, has voided two foreclosures because the banks involved (U.S. Bancorp and Wells Fargo) didn't have the proper documentation to show that they they had the right to throw the owners out of their homes. The New York Times, whose report I link to above, says this ruling could have ramifications across the country.

Let's hope so. Basically, the same banks that drove the U.S. economy into recession through their greed and irresponsibility now want to snatch up the property of their victims. But it will take more than a few court decisions to put things right. How about an entire new social and economic system based on justice and equality?

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