A Victory in Congress for "We The People" Gone Unreported by the Mainstream Media -- and the $7.6Trillion Mortgage-Backed Securities Market that Threatens to Implode at Any Moment

Blogger's Note: I have Googled this issue and could find no mainstream media mention of this. All mentions came from blogs, mostly repeating one or more original accounts such as the following:

Posted: 11/ 17/ 10 7:44 pm                                                       Post subject: HR 3808 Veto Upheld

---

Bill to Retroactively Immunize Mortgage Fraud Defeated


HR 3808 Veto Upheld
HR 3808 went down.


Congratulations to everyone who called their congress members to demand that this blatant attempt to legalize mortgage fraud be defeated.

And thanks to ZeroHedge poster 4ClosureFraud for being on the forefront of this issue, and helping to keep us informed!

For those who don’t know, 4ClosureFraud – and their friends Foreclosure Hamlet – have been the two main movers and shakers in exposing foreclosure fraud in the United States.


source

---

In the video below, Chairman Ted Kaufman of the TARP Congressional Oversight Panel introduces the panel's November report, "Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation." The full report is available online at http://cop.senate.gov/.

Clearly, Ted and his panel are on our side.  The implosion of the mortgage-backed securities market must be born by the banks that caused the problem.