"Home of the [Knave]"

It seems that, in the rush to foreclose properties with unpaid mortgages, banks and other lending institutions in the U.S. have been using faulty documents that invalidate the legal procedure.  In some instances, officials from these institutions have admitted that the number of cases has been so large that they haven't even read the documents being signed.  Now, they have stopped the procedures altogether, afraid that they wouldn't stand up in court, if challenged by the homeowners.

This is part and parcel of the economic debacle in the U.S.  The construction and housing situation continues to be critical, and this latest development doesn't do it any good.  Uncertainty in legal transactions such as these leads to a major crisis in confidence in a financial system that is still reeling from bankruptcy and scandal.

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