By Barry Ritholtz
That has been why I have been hammering the fraudclosure issue so hard — my focus is on the rule of law, property rights and due process. The banks expediency needs does not mean that they get to throw away centuries of laws because they are inconvenient.
http://www.ritholtz.com/blog/2010/10/why-is-due-process-a-big-problem-for-banks/