Sunday, January 16, 2011


One for the good guys.

I shouldn't be surprised by much of anything these days, but the extent of the "well the borrowers owe somebody so it doesn't really matter who kicks them out of their house" reasoning really has shocked me. Once you open the door to fraud, even fraud by people who notionally do actually have a legal right but are too cheap and lazy to be bothered to prove it, you completely destroy any confidence in our property title system. I'm certainly open to arguments that our current system is clunky and inefficient and should be improved upon, but that doesn't mean the banskters can just go ahead and do it outside the law.