Breaking News on Banking Scandal

SUPREME JUDICIAL COURT Rules Against Banks

Register John O’Brien said, “the Massachusetts Supreme Court has ruled that these Major Banks must follow the same laws as everyone else and that assignments are not optional in Massachusetts. It's obvious they didn’t want the public to know what they were doing, coupled with their greed in trying to deliberately avoid the payment of the required recording fees, has placed them in the mess that they are in today. This is a huge win for the taxpayers, this case will send shock waves throughout the MERS community as they now have been exposed and they are going to have to get their checkbooks out and reimburse the taxpayers. These major banking conglomerates' deliberate scheme to not file the proper paperwork together with the 'robo-signers scandal' are the major reasons why our housing market is in the economic turmoil it is in today. I want to assure the people of Essex County that I will do everything in my authority to ensure that these major lenders reimburse the taxpayers for every cent they are owed. I will pursue them as vigorously as they would pursue you if you owed fees to their banks.” O’Brien said.

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Click here to read the decision from the Supreme Judicial Court