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  1. #1

    Default When Does a Stature Protect Criminal Wrong Doing

    My question involves civil rights in the State of: New Jersey

    The Legal Limit of Stature;
    Is it possible that a crime can be protected by the legal limit of stature ?
    I am thinking yes.

    Take for example when crimes were committed by the bankers behind that huge
    mortgage fiasco, if it took more than seven years for the peoles government to catch
    on to what was going on.

    Of course this is a federal jurisdiction, but after 7 years you are without a home
    and the suffering and financial damage to the victim is let to go by the,
    seven year legal limit of stature ?

    I am starting this thread because I am sure I will have more to say, but I am also
    interested in what you have to say.

  2. #2
    Join Date
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    Default Re: When Does a Stature Protect Criminal Wrong Doing

    I’m guessing that you meant to use the word “statute” not “stature.” The former refers to a law enacted by a legislature; the latter refers to height or status.

    You are assuming that bankers committed crimes and that these crimes lead to the mortgage fiasco. That premise is, on the whole, incorrect. For the most part, the mortgage lenders broke no laws in the mortgage loans they made. They surely made some bad decisions in setting lending criteria resulting in making it far too easy for people to get loans who could not really afford them. But a bad business decision is not the same thing as a crime.

    Even where a crime was committed, a borrower who suffered adverse impact because he or she could not pay that mortgage and ended up with bad credit, a foreclosure and/or bankruptcy would not be helped by criminal prosecution anyway. That would not provide any compensation for the borrowers. The borrowers’ remedy is to sue the persons responsible, and there is a seperate statute of limitation for that. If the borrower is late filing the lawsuit, the case will be dimissed upon motion by the defendant. There is nothing wrong with that since the borrower filing late is not the defendant’s problem; if the borrower had simply paid attention to the rules and filed timely he or she would not have a case dismissed just because of the expiration of the statute of limitation (SOL). Thus, a SOL problem is on the plaintiff filing the case, not the defendant.

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