Obama Rejects Notary Bill Amid Foreclosure `Caution'

THE FACT THAT WALL STREET TRIED TO SNEAK A BILL THROUGH TO TRASH MAIN STREET TELLS YOU THEY ARE SCARED TO DEATH OF THE CRITICAL WEAKNESS OF SECURITIZED DEBT ON MORTGAGES. THE COLLATERAL IS WEAK. THEY ACTUALLY TRIED OT MAKE FORGERY LEGAL. THE BANKSTERS MAKE THE RESIDENTS OF LANKA LOOK LIKE SAINTS.

IF IT WAS NOT FOR THE NOVEMBER ELECTIONS IT WOULD HAVE SURVIVED.

Jim

Obama Rejects Notary Bill Amid Foreclosure `Caution'

“Out of an abundance of caution, and to ensure that those unintended consequences don’t harm consumers, the president will send the bill back,” Gibbs said.

Obama’s “pocket veto” puts to an end, for now, a five- year effort by some of the nation’s 4.8 million notaries to streamline court proceedings involving notarized documents. The Interstate Recognition of Notarizations Act for years had won approval from Democrats and Republicans in Congress as a piece of mundane, good-government legislation.

Source: bloomberg.com