Foreclosure Fraud is rampant in the State of Rhode Island and must not continue.
If Justice’s Rubine and Silverstein insist on welcoming bankers and lawyers with open arms into the Rhode Island Superior Court adopting a rubbery theory of “indebtedness” as opposed to long standing state statutes that indenture the process in which foreclosures shall be conducted, they simply must be removed from the bench.
It is impossible to know what guides their thinking, but if they are justifying their quixotic endeavor to protect the banks based on a cock-eyed and economically pragmatic concept of equity they are unwittingly defeating their own ill-conceived objective.
The practice of using Rhode Islanders as economic pinballs by the financial Leviathans that now stride this earth must come to an end. The excuses made for enterprises that are “Too Big To Fail” have become “Too Big To Believe”. It must come to an end.
This Judicial pandemonium must stop. This Court should not be used as a laundromat to wash away lies then starch and press our citizens.
If the Court is incapable of marshaling itself, it then becomes the duty of the State General Assembly to step in and fix this problem. We do not require new laws here, but it must be affirmed our present laws are not recommendations or suggestions that can be ignored based on flimsy moral hazard assumptions.
Nor would it be helpful, as stated above, to alter the laws in favor of these banks. It is certain the General Assembly will be pressured and lobbied by these moneyed interests. It therefore becomes the duty of the citizens of the state to remove from office those who would do their bidding.
I do not believe, and further assert, that a logical argument can be made as to why Justice Allen P. Rubine and Justice Michael A. Silverstein are suitably competent to hear foreclosure cases because quite simply there is none.
The entire Open Letter can be read at the link below.