Wednesday 4th December
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We’re Just Not Going to Fix the Foreclosure Crisis in Court
Written on 13 Dec, 2012 at 14:06
In all but a very small number of cases, homeowners have continued to find the courts either unwilling or incapable of dispensing what they would consider fair and just solutions, and while the federal government has remained essentially mute on... (Continue reading)
President Obama, Bored With the Foreclosure Crisis. That Explains A Lot, Actually.
Written on 1 Jul, 2012 at 9:07
And now I'm supposed to come to terms with the idea that the administration's bored with the topic itself? I could understand it if they were bored with something they'd mastered, although I can't for the life of me... (Continue reading)
A TIME FOR GOOD JUDGEMENT: The jury is in AND we need judges to modify the way banks behave.
Written on 31 Oct, 2011 at 6:14
Our country is in crisis, and we can't expect the banks to act for the overall good of our society... that's not their role... that's the role of the elected representatives who serve in our government. No surprises there,... (Continue reading)
Attitudes on Wall Street: Dear God, Give Me Strength
Written on 4 Oct, 2011 at 6:03
Brancaccio asked about whether these Wall Street types recognized that bonuses are usually paid on profits, but that profits are "radically down," and Bethany replied that they don't. She said that there's a widespread belief that "it wasn't my fault,... (Continue reading)
The Care Bair – FDIC’s Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements
Written on 12 May, 2011 at 6:22
I know... you think not modifying those loans is punishing the homeowners for getting in over their heads... but in realty, it's not punishing them... it's punishing you... you are running about, commenting on blogs, advocating the kicking of your... (Continue reading)
The Most Damaging Propaganda Campaign in History. And its Aimed at You and Me
Written on 4 May, 2011 at 1:12
Debt is a status symbol... debt is a sign of success... debt is cool... you should want as much debt as you can get... being approved for more debt means you've made it. I want to be a gold... (Continue reading)
The Psychology and Politics of Foreclosure
Written on 7 Mar, 2011 at 7:00
Of course, there are times when more stuff happens to more people, and today is obviously an example of such times. The economic conditions that we're experiencing today are causing more foreclosures than at any time since the 1930s. When... (Continue reading)
New Fed Governor Sarah Bloom Raskin Gives Me Reason to Hope
Written on 15 Feb, 2011 at 15:53
I read her speech yesterday evening; parts actually gave me chills, and parts left me with a hopeful tear in my eye. She says almost exactly what I've written in my articles on at least dozens and at this... (Continue reading)
Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist
Written on 11 Nov, 2010 at 5:35
So, take a few minutes and write to your elected representative about this. No one else, unless you feel like it, just your person in Congress. Tell them this line of thought is unacceptable, that we want Elizabeth... (Continue reading)
The Great Unwind and the Final Redemption, by O. Max Gardner III
Written on 8 Jun, 2010 at 18:58
As my readers know, I've never had guest columnists or posted what others have written, but when I read the article that follows, which was written by Max on June 1st of this year, and then found myself reading sections... (Continue reading)
CONGRESS: It’s Not About Right and Left Anymore… It’s About Right and Wrong.
Written on 12 Dec, 2009 at 10:20
I looked up Ms. Bean... it was easy, like falling off a blog. Melissa received at least $515,438 from banks and other financial institutions, including most notably JPMorgan Chase, Morgan Stanley and Bank of America. That's a half... (Continue reading)
CONTACT CONGRESS: Support Judges Modifying Mortgages NOW! Otherwise, It’s All Up to the Banks.
Written on 10 Dec, 2009 at 21:20
Click the button below NOW. There is literally NO TIME TO SPARE... You don't even need to know your representative's name. All you need to know is your own name, address, phone and zip code. The letter... (Continue reading)
EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW… SAVE BANKRUPTCY REFORM!
Written on 10 Dec, 2009 at 16:45
PLEASE TAKE TIME NOW TO contact your friends, family and business associates... stop whatever your staff is doing to give them time to call in. Put it on your Facebook pages, on your LinkedIn pages, Twitter it... re-tweet it! ... (Continue reading)
BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 – Wall Street Reform and Consumer Protection Act
Written on 8 Dec, 2009 at 4:01
We need judges to be able to write down mortgages on primary residences because the banks aren't doing it voluntarily, the administration's Making Home Affordable plan isn't working, and the result continues to be millions of foreclosures that are destroying... (Continue reading)
The People of the United States v. Wall Street’s Bankers
Written on 6 Dec, 2009 at 21:48
As I've watched the economy deteriorate over the last two years, I have been amazed and bewildered at our government's response, or lack thereof. And the more I've learned, the worse I've felt about our ability to fix what... (Continue reading)
Why Banks Are Better at Making Loans Than Modifying Them
Written on 26 Nov, 2009 at 4:51
I thanked my new present value oriented friend and hung up. Next I would need to find a homeowner whose loan had been modified directly by the bank as a result of their request. This wasn't easy. Lots of refinancing,... (Continue reading)
A Hundred Thousand Homeowners – Voices of Hope & Change
Written on 13 Nov, 2009 at 20:12
A Hundred Thousand Homeowners - A wake-up call in Washington. By contributing $1.00, you'll be supporting something important... something that will be heard... something that will make a difference, because when politicians see that 100,000 people have taken the time to... (Continue reading)
A Time for Good Judgment-The Jury is In and We NEED Judges to Modify the Way Banks Behave
Written on 13 Oct, 2009 at 15:20
There's no question that we NEED to reform the bankruptcy code to allow judges to modify the mortgages on primary residences. Why? If you have to ask, you're not paying attention...... (Continue reading)