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Tuesday, Aug. 12, 2008 | So, nearly everyone agrees that Countrywide and others engaged in fraud. But people do not want to hold those companies accountable and just let the market “correct itself.” Why should City Attorney Mike Aguirre allow large corporations to seek fulfillment of illegally obtained contracts? The companies that bought these unfulfilled contracts can sue the sellers for misrepresentation or fraud. I do not think any corporation or person should be allowed to fulfill fraudulently obtained contracts. The issue is that simple.
But politics get in the way, and people like Scott Peters and Jan Goldsmith mislead people with lies like “foreclosure sanctuary” and “misstated assets,” avoiding the central issue: contract fraud. Again, we see that Aguirre leads the way on a national level, while city insiders would rather let the perpetrators of criminal activity off the hook and allow residents to get screwed.
Wow, I am glad Goldsmith and Peters don’t represent us as City Attorney.