Attorney Generals Unite! No not to save the nation, just the deadbeats!

All 50 states Attorney Generals have now issued statements indicating that they are going to prosecute banks who used “robo-signers” to complete foreclosure processes rather than processing each file independently and reading all files in their entirety as they are supposed to.  They are all pushing for a freeze to all foreclosures both currently on the market and in process until these cases have been completed.   Beyond being great publicity for their re-election campaigns this will not do anything to really help our nation’s foreclosure crisis.  While I completely agree that the banks need to find better ways to handle situations where people are delinquent with their payments, and should be punished for fraudulently creating documents to complete the foreclosure process in many cases, this freeze will NOT do our nation any good…Heres WHY…