On Nov 29, 2007 10:33 AM, <[EMAIL PROTECTED]> wrote:
> "The Court will illustrate in simple terms its decision: 'Fluidity of
> the market' - 'X' dollars, 'contractual arrangements between institutions
> and counsel' - 'X' dollars, 'purchasing mortgages in bulk and
> securitizing'
> - 'X' dollars, 'rush to file, slow to record after judgment' - 'X'
> dollars,
> 'the jurisdictional integrity of United States District Court' -
> 'Priceless.'"
>
Thanks for sharing this. The ruling in my opinion has been way over-hyped.
>From the above summary it seems the Court is primarily concerned about its
'jurisdictional integrity' i.e. the plaintiffs better address the Court as
'Your Honor' and remember to dot the i's next time lest the Judge should
feel slighted. As the lead character in Foucoult's Pendulum says it: "Ma
gavte la nata?" ("Would you be so kind as to remove the cork?")
Meanwhile all it has achieved is a temporary delay in the foreclosing
proceedings in this particular case. I doubt it will bring any real relief
to the 'foreclosurees', and indeed as knowknot points out may eventually
result in increased expenses to the defendants.
-raghu.
