What Every Homeowner Needs To Know About the Forthcoming Homeowner Rebellion: How We Got To This Stage and Whether the Rebellion Will Be Peaceful?

SUNDAY on The Foreclosure Hour:

What Every Homeowner Needs To Know About the Forthcoming Homeowner
Rebellion: How We Got To This Stage and Whether the Rebellion Will Be
Peaceful?

Gary Dubin FH

THE FORECLOSURE HOUR
Sundays:  3 pm (HST) / 5 pm (PST) / 8 pm (EST). Click HERE to listen.

Call toll free: (888) 565-8383

Hawaii attorney Gary Dubin and
co-host [former Hawaii Governor] John Waihee and special guest, consumer advocate, Virginia Parsons, will examine the hundreds of TRILLIONS of dollars (yes, hundreds of trillions) used to bail out the big banks and why the bailout nevertheless failed, and what the realistic options of American homeowners are now. Don’t miss this one – but if you do it will be posted after the show airs on www.foreclosurehour.com. Continue reading

Sense on Cents Book Review: All The Presidents’ Bankers by Nomi Prins

By Larry Doyle – Book Review:  All The Presidents’ Bankers by Nomi Prins

Prins bookWhile all too much of our analysis of market developments comes to us in the form of sound bites and snippets, leave it to the great writers of our time to provide real depth and study of the business and political relationships that ultimately impact all of us.

I recently completed reading just such a study, All The Presidents’ Bankers by Nomi Prins. The author is not only a Wall Street insider but also highly regarded for her prior books and well documented written and spoken commentaries.

I very much had the sensation of sitting in on a semester long tutorial in Financial and Political History while working my way through this book. Continue reading

Episode 5 – When Money Is Corrupted

An educational video on the history of money. It’s a fantastic 30 minute presentation which also reports on personal freedom, gold and silver,  the US dollar, and economic freedom.

This is the 5th episode of Michael Maloney’s Hidden Secrets Of Money. In this installment, we travel to Berlin and Frankfurt, where we were able to film the  money museum inside the Bundesbank…one of the world’s largest Central Banks.  Enjoy – knowledge is power! Continue reading

AIG CEO Robert Benmosche Compares Bonus Criticism to Lynch Mobs

You will love this Matt Taibbi article posted on RSN and Rolling Stone. He’s G-r-r-reat!

Matt-TaibbiAIG has a lengthy history of producing some of the biggest tools on Wall Street. Former CEO Maurice “Hank” Greenberg was considered one of the world’s preeminent unapologetic narcissists even before he sued the government for providing an insufficiently generous bailout.

Joe Cassano, former chief of AIG’s financial products division, was another. First, he arrogantly blew off the accountants who warned him his portfolio of hundreds of billions in uncollateralized bets might destroy the world. Then, after it all went Continue reading

Welcome to Freddie and Fannie’s Mortgage Shell Game

By Shawn Timothy Newman, J.D.
Adjunct Professor
Saint Martin’s University

Wheres-the-NoteIn common parlance, a mortgage (or Deed of Trust) includes the underlying loan (promissory note) and the security on that loan (mortgage or Deed of Trust). This ignores the fact that the note and mortgage (or DOT) are two separate contracts governed by some different laws and legal principals.

As noted in Powell on Real Property, sec. 37.27 [2] (Michael Allan Wolf ed., LexisNexis Matthew Bender 2010)  Continue reading

Fraudclosure Against America’s Middle Class – A War with Serious Repercussions

A Foreclosure Primer from a Washington State Paralegal.

I.             War Against America’s Middle Class.

bankers-warsWhile most Americans’ (and in fact the world’s) attention is on Syria, I would like to point out that there has been a war waging right here at home for several years, and it is far more likely to have a direct impact on you than anything overseas.

There is a financial war being waged that is arguably as damaging as any war in recent history.  Warren Buffet said “In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal”. [Click HERE for PDF – Warren Buffet on Derivatives] Continue reading

Finally an answer to that *vexing* question. Is There Life After HAMP?

Published by THE RECORDER, Essential California Legal Content

modification-fraudChavez v. Indymac Mortgage Services [C.A. 4thD061997]
Click here for the full decision

“We conclude the homeowner sufficiently alleged equitable estoppel to preclude the lender’s reliance on the statute of frauds defense.

We also conclude that the homeowner sufficiently alleged a cause of action for wrongful foreclosure.” Continue reading

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

TruthDig posted the latest Ellen Brown, Web of Debt examination of the financial market.

highrisk-435x235The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows: Continue reading

CREDIT SLIPS – Crisis Books… a phenomenal resource

Credit Slips logo

Crisis books  posted by Alan White

I recently stumbled on this excellent compendium of more than 300 books on the financial crisis.  It also includes a list of 25 or so books that predicted the crisis, as well as a useful link to an annotated list of individuals who can be given credit for predicting various aspects of the crisis. [This is terrific reference material. Be sure to bookmark. DC Ed.] Continue reading

BofA Invasive Tactic in Foreclosures Draws Scrutiny

Don’t think for a minute that this could not happen to you.  This is much more prevalent than you can imagine.

NYT break-in storyThe New York Times – by JESSICA SILVER-GREENBERG

Barry Tatum returned to his home in Chicago in December to find that his front and back doors had been torn from their hinges, leaving his possessions exposed to the frigid winds that whipped through his neighborhood.

Terrified that he had been robbed, Mr. Tatum, who had fallen behind on his Bank of America mortgage, raced inside only to discover an unlikely source of the break-in, he Continue reading