Three cheers for standing up to the banks.

President Obama to Pocket-Veto Bill That Might Make It Easier to Foreclose on Homes - Political Punch:

Our system depends on the reliability of our transaction. Some, in the question to expedite their making money off of foreclosure sales, are cutting corners and creating a system that makes it fundamentally impossible to review and verify the validity of these proceedings.

This bill would have solved the problem by institutionalizing it, legitimizing it. It's good Obama's refused to sign it.