I have been informed on more than one occasion that the Banks who created the financial meltdown, (due to the fraudulent loans they made), are now living in a sort of never- never land, punishing the victims of their crime, a crime so extensive and extreme that it can only be characterized as a crime against humanity. They want the property, but that aside they want our blood and our ability to survive, first they take the house then evict the owner, leaving some 4.5% of Nevada homes “Vacant”, yes Vacant—and subject to vandalism--yet they force the family pet to a kill shelter, and some families forced to live on the street. First they destroy the family unit then they attempt to destroy the little that is left over. At a very minimum human decency decries- Why not allow these people to stay in the home and rent it back after the foreclosure until the house has been sold?
The banking system has now set limits for those they have victimized. If you are facing foreclosure, there are things you no longer can do, e.g. (1) you can’t qualify for a good job, as you are no longer trust worthy,(2) you can not rent a decent house or apartment, landlords are afraid you won’t pay the rent, (3) your credit cards will most likely be cancelled, and (4) if you attempt to save your home by filing Bankruptcy, you can’t get a bank account, and (5) you can no longer qualify for insurance.
It seems that the people in charge of the banks who earn literally millions of dollars really need a reality check, perhaps if we cut their pay to the level of the working class, like the rest of us, or lay off all in management, they might lose “their” home to foreclosure and a lesson might be learned. That lesson would be what its like to live in the real world.
Banking has always been a corrupt industry a strange environment devoid of common sense, emotion and passion, where the apathetic rule, a land where the emotionally challenged thrive. Bankers have shown that they are nothing more than a legalized scam, protected by government, passionless; and indifferent to the suffering they have unleashed upon society. With this in mind there is a solution, we might consider removing all our money from the banking system, and like the famous walls of Jericho we can watch as the system comes crumbling down.
As the reader can guess I am angry.
Monday, February 23, 2009
Sunday, February 22, 2009
The Banks Want Your Home!
The financial world has gone completely insane! A state of panic shivers throughout the entire system as borrowers, once in default who have managed to come up with the money to take their property out of foreclosure, are learning that the banks don’t want the money they want the home. In Las Vegas, Nevada, we have such a case. The borrower fell behind some $27,000 because his employer went out of business, he finally obtained another job and borrowed the money from a relative to bring his mortgage current, he paid the bank in this case, Wells Fargo, brought them current, and made three additional monthly payments. Then he found a few weeks later that the bank returned his money in a cashiers check (from Wells Fargo) and notified him they were foreclosing on his home.
The stunning reality of this is, the financial industry is proving to the world that it is an irresponsible industry that needs strong supervision. Ideally, the Banks should be nationalized and completely controlled as Alan Greenspan suggests. Generally, I do not agree with Greenspan, but in this case, I do. This is the only way to end the madness and stop the accelerating volume and velocity of foreclosures. However, this will never happen, as the banks are the primary funding source for the elections of the members of Congress and all political offices. If nationalized, party contributions would be “illegal”, and Congress would be compelled to become an honest branch of government. By maintaining the madness, the same old system goes on and on, and change will never occur.
We live in interesting times some of us are old enough to have lived through two major depressions, both under the watch of the Federal Reserve System, perhaps it is time to rethink who is allowed to control the money of our country. The fed was organized for two purposes, (1) the lender of last resort, and (2) to obtain full employment, it has accomplished neither. Supply and demand dictates with full employment, Labor controls Management, with 4% percent and higher unemployment however, Management controls Labor as such the Fed supports big business and not middle class America.
President Obama, this message is for you. You promised us change, yet we see in Washington business as usual!
The stunning reality of this is, the financial industry is proving to the world that it is an irresponsible industry that needs strong supervision. Ideally, the Banks should be nationalized and completely controlled as Alan Greenspan suggests. Generally, I do not agree with Greenspan, but in this case, I do. This is the only way to end the madness and stop the accelerating volume and velocity of foreclosures. However, this will never happen, as the banks are the primary funding source for the elections of the members of Congress and all political offices. If nationalized, party contributions would be “illegal”, and Congress would be compelled to become an honest branch of government. By maintaining the madness, the same old system goes on and on, and change will never occur.
We live in interesting times some of us are old enough to have lived through two major depressions, both under the watch of the Federal Reserve System, perhaps it is time to rethink who is allowed to control the money of our country. The fed was organized for two purposes, (1) the lender of last resort, and (2) to obtain full employment, it has accomplished neither. Supply and demand dictates with full employment, Labor controls Management, with 4% percent and higher unemployment however, Management controls Labor as such the Fed supports big business and not middle class America.
President Obama, this message is for you. You promised us change, yet we see in Washington business as usual!
Monday, February 16, 2009
Taking Responsibility For Ones Own Actions
I have observed, through my life, that people in general do not take responsibility for their own actions, they expect others to act for them, to stand up for them rather than with them. For example, most religious people will say they are waiting for the Messiah to return and rid the world of evil, a duality created by religion and aided by governments, to control the masses. Good always Verses Evil. There is always evil, as George Bush called the axis of evil, creating and identifying the enemy. A good storyline, but in the real world evil generally wins because good men do nothing!
If evil were present as it is, why wait for an illusion, when reality is in the now, by doing nothing, and waiting for the Messiah to return, we have lost a whole government by default!
Much of what our founding fathers gave us is now gone. The Bill of Rights for example no longer exists in the real world. Attorneys who were outcast in the early colonial part of our history have taken over the courts. The American Bar Association (ABA) has taken over the practice of Law and decides what Law School is acceptable for membership in the Bar. Once a member, the attorney can steal to his hearts content, he can with the approval of the Bar forge documents for his client, lie in court and in pleadings submitted to the court, and they get away with it!
Consequently our legal system is the worst in the world. Federal Judges are given a reward for who they know, or who they slept with, not their knowledge, and they are in office to PROTECT the moneyed class, big business, the Banks, and the chemical companies, e.g. diversity cases. The system is broken because it was designed that way from the beginning. State court judges are generally the least qualified to sit on the bench they often achieve office because they were not able to make a living in private practice. Bribery is rampant as it is in all three branches of government.
While the ABA has taken over the courts and the practice of Law, the American Medical Association (AMA) has taken over the practice of medicine telling us what we can and can not take as a dietary supplement. The role of both the AMA and the ABA is to discourage competition. Least the public find out that attorneys and medical doctors are the enemy of man, not his friend. Yes there are exceptions, and in some cases each is a necessary evil, but that is the exception and not the rule.
I would remind the reader, that the revolutionary war was fought with the support of only 3% of the population, and they made a difference. 97 % had no concern whether we were citizens of the British Crown, just as this same number of people care not that we are citizens of the world and controlled by a one world government, headed by Bankers, who else would be qualified to control the world, just look at what they have achieved over the past 100 plus years.
Recessions and bank runs and failures are the legacy of Wall Street. We as a people have endured so much pain and suffering at the hands of Bankers, our future stolen by their careless acts of plunder. Then when they fail we must rescue them, but, who will rescue us? Who will protect our homes, and our children, and our pensions lost through bad investing, with NO responsibility or accountability the banks go on, restructured and taken over by others until they all fail.
We now find ourselves caught in a struggle, a struggle for the very life we once enjoyed.
We are living under a pseudo democracy a Fascist/Socialist form of government unique to itself in that they are opposites. Does anyone care? Will anyone stand up and say enough? In addition, if you do, will anyone join with you?
If evil were present as it is, why wait for an illusion, when reality is in the now, by doing nothing, and waiting for the Messiah to return, we have lost a whole government by default!
Much of what our founding fathers gave us is now gone. The Bill of Rights for example no longer exists in the real world. Attorneys who were outcast in the early colonial part of our history have taken over the courts. The American Bar Association (ABA) has taken over the practice of Law and decides what Law School is acceptable for membership in the Bar. Once a member, the attorney can steal to his hearts content, he can with the approval of the Bar forge documents for his client, lie in court and in pleadings submitted to the court, and they get away with it!
Consequently our legal system is the worst in the world. Federal Judges are given a reward for who they know, or who they slept with, not their knowledge, and they are in office to PROTECT the moneyed class, big business, the Banks, and the chemical companies, e.g. diversity cases. The system is broken because it was designed that way from the beginning. State court judges are generally the least qualified to sit on the bench they often achieve office because they were not able to make a living in private practice. Bribery is rampant as it is in all three branches of government.
While the ABA has taken over the courts and the practice of Law, the American Medical Association (AMA) has taken over the practice of medicine telling us what we can and can not take as a dietary supplement. The role of both the AMA and the ABA is to discourage competition. Least the public find out that attorneys and medical doctors are the enemy of man, not his friend. Yes there are exceptions, and in some cases each is a necessary evil, but that is the exception and not the rule.
I would remind the reader, that the revolutionary war was fought with the support of only 3% of the population, and they made a difference. 97 % had no concern whether we were citizens of the British Crown, just as this same number of people care not that we are citizens of the world and controlled by a one world government, headed by Bankers, who else would be qualified to control the world, just look at what they have achieved over the past 100 plus years.
Recessions and bank runs and failures are the legacy of Wall Street. We as a people have endured so much pain and suffering at the hands of Bankers, our future stolen by their careless acts of plunder. Then when they fail we must rescue them, but, who will rescue us? Who will protect our homes, and our children, and our pensions lost through bad investing, with NO responsibility or accountability the banks go on, restructured and taken over by others until they all fail.
We now find ourselves caught in a struggle, a struggle for the very life we once enjoyed.
We are living under a pseudo democracy a Fascist/Socialist form of government unique to itself in that they are opposites. Does anyone care? Will anyone stand up and say enough? In addition, if you do, will anyone join with you?
Friday, February 6, 2009
Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers
This Blog is taken from Eliot Spitz, (Former New York Governor and State attorney General) article in the Washington Post: Thursday, February 14, 2008; Page A25
“Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.
“Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers.
“Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many subprime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices.
“What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.
“Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
“Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.
“In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.
“But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.
“Throughout our battles with the OCC and the banks, the mantra of the banks and their defenders was that efforts to curb predatory lending would deny access to credit to the very consumers the states were trying to protect. But the curbs we sought on predatory and unfair lending would have in no way jeopardized access to the legitimate credit market for appropriately priced loans. Instead, they would have stopped the scourge of predatory lending practices that have resulted in countless thousands of consumers losing their homes and put our economy in a precarious position.
“When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.
The writer is governor of New York.
An interesting side note: Governor. Spitz was “forced” to resign over a sex scandal, the Attorney General of Ohio investigating these same issues was also forced to resign over a sex scandal. Both were aggressively seeking to protect their citizens.
Questions Raised:
1. Why did George Bush reach to such heights to protect the Banks, against the interest of us, knowing they were ripping off the American Public, and that they would ultimately cause a financial collapse?
2. What were the benefits for Bush and his cronies?
This Blog is taken from Eliot Spitz, (Former New York Governor and State attorney General) article in the Washington Post: Thursday, February 14, 2008; Page A25
“Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.
“Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers.
“Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many subprime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices.
“What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.
“Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
“Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.
“In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.
“But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.
“Throughout our battles with the OCC and the banks, the mantra of the banks and their defenders was that efforts to curb predatory lending would deny access to credit to the very consumers the states were trying to protect. But the curbs we sought on predatory and unfair lending would have in no way jeopardized access to the legitimate credit market for appropriately priced loans. Instead, they would have stopped the scourge of predatory lending practices that have resulted in countless thousands of consumers losing their homes and put our economy in a precarious position.
“When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.
The writer is governor of New York.
An interesting side note: Governor. Spitz was “forced” to resign over a sex scandal, the Attorney General of Ohio investigating these same issues was also forced to resign over a sex scandal. Both were aggressively seeking to protect their citizens.
Questions Raised:
1. Why did George Bush reach to such heights to protect the Banks, against the interest of us, knowing they were ripping off the American Public, and that they would ultimately cause a financial collapse?
2. What were the benefits for Bush and his cronies?
Sunday, February 1, 2009
No Good Deed Goes Unpunished
I retired in 2003 from a practice in Las Vegas as an Independent Paralegal and gave up my weekly Radio Show. Early in 2008, seeing the turmoil and the suffering of the 80,000 plus people in Las Vegas whose life had been turned upside down by bank foreclosures; I researched the problem, interviewed underwriters and other attorneys, found that the banks themselves had caused the problem and were now removing these people as carelessly as we would put out the garbage. There was a serious lack of concern on the banks part for the trauma they were causing families, the emotional distress, the suicides, the hopelessness they felt and ultimately the divorces and lost generation of children. I was determined to stop the banks and to try to help these people stay in their homes.
The foreclosure epidemic has taken a substantial toll not only on the families and their emotions, and not only on pets and their loss, but on the economy in general. I re-established the U.S.Justice Foundation in approximately August of 2008. My wife and I financed the Foundation with an initial loan of $100,000. I hired 3 attorneys, 3 paralegals, and several typists and intake personnel, our budget was in excess of $100,000 a month, and our mandate was to help anyone who wanted to stay in their home.
The next step was to align myself with a Public Company to raise money sufficient to buy these properties at the foreclosure auction and allow the families to remain in the properties. This has been accomplished and the announcement is anticipated to be made this coming Monday, February 2, 2009.
Since October 2008, I was a regular on television station KVVU Fox 5 Las Vegas on The More Show. As a Consumer Advocate, I was informing the public of the extent of the foreclosure problem, and how that could be stopped. The Attorney General of Nevada and or the Governor could initiate a Foreclosure Moratorium, as was done in the last great Depression of 1933. But they have no interest in stopping the foreclosures, and I would ask why not??
Additionally on January 21, 2009 Bob Massi, a media hound and in my opinion, an unsuccessful local attorney who was the legal analyst for Fox 5 Las Vegas went on The More Show and attacked what appeared to be myself and the Foundation. Immediately thereafter, my appearances on The More Show were cancelled and my commercials were stopped. Hearing about his rant, I viewed the interview and as it appeared to be about the Foundation and me, I gave a demand to Fox 5 and to Massi to retract the false information.
An interesting side note: in approximately 1995, I was a host of a local radio show over a small local station, KRLV in Las Vegas. Bob Massi was a host of a show on a larger station, KKVV Las Vegas, called Law Talk. One Saturday Massi was unable to make the show, I received a call from the shows producer, Rod Douglas, asking if I would fill in for Massi, I agreed. I received more calls that day then Massi had ever received and at the conclusion of the show, I was asked if I wanted to take it over, I did and for the next several years my show was called Law Talk, it was my understanding that Massi had been bumped.
Upon serving Bob Massi with the required “Demand for Retraction”, Massi immediately called me and we discussed his interview. During this phone call, he assured me that this interview was not about the Foundation or me but what he called “copycats.” He assured me that he would do what ever Fox 5 said to do to correct the misinformation. However, Fox 5 has ignored the problem requiring me to sue KVVU Fox 5 Las Vegas, Bob Massi and The More Show for Slander Per Se, and the other claims that are a part of a Defamation Lawsuit, which I am unable to file until after the 20 day Code Requirement for a Demand for Retraction has expired. This demand will expire February 13, 2009.
When I decided to help people being foreclosed upon and to help them take on the banks, I fully expected to be attacked, and I fully expected an attempt to discredit what we are trying to do, so this is not a real surprise. What is a surprise is the stupidity of Bob Massi and the General Manager of Fox 5, Darren Mc Donald.
This makes me wonder whether Fox 5, Darren Mc Donald and Bob Massi were bought by the banking interest, or are just plain stupid.
The foreclosure epidemic has taken a substantial toll not only on the families and their emotions, and not only on pets and their loss, but on the economy in general. I re-established the U.S.Justice Foundation in approximately August of 2008. My wife and I financed the Foundation with an initial loan of $100,000. I hired 3 attorneys, 3 paralegals, and several typists and intake personnel, our budget was in excess of $100,000 a month, and our mandate was to help anyone who wanted to stay in their home.
The next step was to align myself with a Public Company to raise money sufficient to buy these properties at the foreclosure auction and allow the families to remain in the properties. This has been accomplished and the announcement is anticipated to be made this coming Monday, February 2, 2009.
Since October 2008, I was a regular on television station KVVU Fox 5 Las Vegas on The More Show. As a Consumer Advocate, I was informing the public of the extent of the foreclosure problem, and how that could be stopped. The Attorney General of Nevada and or the Governor could initiate a Foreclosure Moratorium, as was done in the last great Depression of 1933. But they have no interest in stopping the foreclosures, and I would ask why not??
Additionally on January 21, 2009 Bob Massi, a media hound and in my opinion, an unsuccessful local attorney who was the legal analyst for Fox 5 Las Vegas went on The More Show and attacked what appeared to be myself and the Foundation. Immediately thereafter, my appearances on The More Show were cancelled and my commercials were stopped. Hearing about his rant, I viewed the interview and as it appeared to be about the Foundation and me, I gave a demand to Fox 5 and to Massi to retract the false information.
An interesting side note: in approximately 1995, I was a host of a local radio show over a small local station, KRLV in Las Vegas. Bob Massi was a host of a show on a larger station, KKVV Las Vegas, called Law Talk. One Saturday Massi was unable to make the show, I received a call from the shows producer, Rod Douglas, asking if I would fill in for Massi, I agreed. I received more calls that day then Massi had ever received and at the conclusion of the show, I was asked if I wanted to take it over, I did and for the next several years my show was called Law Talk, it was my understanding that Massi had been bumped.
Upon serving Bob Massi with the required “Demand for Retraction”, Massi immediately called me and we discussed his interview. During this phone call, he assured me that this interview was not about the Foundation or me but what he called “copycats.” He assured me that he would do what ever Fox 5 said to do to correct the misinformation. However, Fox 5 has ignored the problem requiring me to sue KVVU Fox 5 Las Vegas, Bob Massi and The More Show for Slander Per Se, and the other claims that are a part of a Defamation Lawsuit, which I am unable to file until after the 20 day Code Requirement for a Demand for Retraction has expired. This demand will expire February 13, 2009.
When I decided to help people being foreclosed upon and to help them take on the banks, I fully expected to be attacked, and I fully expected an attempt to discredit what we are trying to do, so this is not a real surprise. What is a surprise is the stupidity of Bob Massi and the General Manager of Fox 5, Darren Mc Donald.
This makes me wonder whether Fox 5, Darren Mc Donald and Bob Massi were bought by the banking interest, or are just plain stupid.
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