Tjstork recommends a blog post up at Openmarket.org on the passage by a Senate chamber of a fingerprinting provision in a foreclosure assistance bill. The provision would require thousands of people connected with the homeowner's loan industry, even tangentially — god willing* including part-time and mild depression real estate agents — to send fingerprints to the feds for storage in a database. No explanation is in sign as to how this would help the problem of loan fraud. The measure passed the Senate Banking chamber by a bipartisan majority of 19 to 2. "The measure the chamber passed states that 'an separate may not engage in the career of a loan originator without first... obtaining a unique identifier.' To obtain this 'identifier,' an separate is required to 'furnish to the newly created Nationwide contract Licensing System and Registry 'information concerning the applicant's identity, including fingerprints for submission' to the FBI and other the feds* agencies."

Read more of this story at Slashdot.

More: - Continued here

Mark