Cross Posted at Legal Schnauzer
GMAC Mortgage is at the heart of the evolving foreclosure-fraud story. And who has GMAC picked to help "review" its activities in the burgeoning scandal? Why, an Alabama law firm that helped create the mess in the first place.
Birmingham-based Bradley Arant Boult and Cummings, which touts itself as Alabama's largest law firm, is one of three outfits that GMAC has tabbed to conduct an "independent review."
The blog Naked Capitalism, in a post titled "Foxes Now Minding Very Big Henhouse," finds Bradley Arant's involvement to be problematic, noting that the Alabama firm has been GMAC's national counsel on real-estate servicing matters for some time.
Writes Naked Capitalism:
Given Bradley Arant's long-standing and extensive involvement in GMAC's mortgage business, how can it legitimately be part of the team conducting the review? It's incentives will be to minimize any problems, for a host of reasons, the most important being so as not to ruffle a big meal ticket and to avoid the exposure of any issues that might create liability for the firm.- Advertisement -
We've written several times about Bradley Arant, and it has never been in a positive light. That's because the firm seems to be about as "pro business" and "right wing" as you can get--and it seems to have little interest in fundamental matters of justice, or the rights of regular folks. It's main interest seems to be cold, hard cash.