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Foreclosures Fall Due to New Laws
CNBC ^ | 2/14/13 | Diana Olick

Posted on 02/14/2013 10:20:35 AM PST by ExxonPatrolUs

Foreclosure activity continued to drop in January, led by dramatic changes in the state that once led the nation in foreclosures. A new law in California, the "Homeowner Bill of Rights," makes it much harder and potentially more costly for banks to foreclose; hence they are suddenly finding alternatives.

"The new law imposes fines of up to $7,500 per loan for filing of multiple unverified foreclosure documents. As a result, the downward foreclosure trend in California accelerated into hyper speed in January, decisively shifting the balance of power when it comes to the nation's foreclosure activity," said RealtyTrac's Daren Blomquist.

(Read More: Fewer Borrowers Are Behind on Mortgages, but for How Long?)

Foreclosure activity fell 28 percent from a year ago nationally, according to a new report from RealtyTrac, but in California, they were down nearly 40 percent. More telling is foreclosure starts, the first notice of a foreclosure filling. In California they fell 62 percent from December and 75 percent from a year ago. The new law went into effect January 1st, 2013.

"I do think some of these delinquent properties will still end up as foreclosures down the road," notes Blomquist. "But this type of legislation is also forcing lenders to consider other creative ways of disposing of the delinquencies that may not be as difficult as foreclosure has become."

That includes short sales, deeds in lieu of foreclosure and a growing trend of selling off bad loans to investors. The investors, since they are buying at a deep discount, are able to offer more drastic modifications to keep borrowers in their homes.

(Read More: Americans Are UsingTheir Houses as ATMs Again)

Short sales, when the property is sold for less than the mortgage, are becoming ever more frequent. Nearly 26 percent of Southern California home sales in January were short sales, according to DataQuick, while just 15 percent were foreclosure sales. Investor and cash buying was at or near record levels.

"A lot of today's housing demand is fueled not by spectacular job growth and soaring consumer confidence, but by super-low mortgage rates and unusually high levels of investor and cash purchases. Take away any one of those elements and it will matter," said John Walsh, DataQuick president.

With legal changes in California, Florida now has the dubious distinction of having the most properties with foreclosure filings in the nation. One in every 300 homes had a filing in January, according to RealtyTrac. That is twice the national average.

(Read More: Big Banks Told to Review Their Own Foreclosures)

States that require a judge in the foreclosure process, like Illinois and New Jersey, saw big January jumps in foreclosure auctions (sales back to the bank or to an investor), but non-judicial states saw the biggest increases in newly started foreclosures. In Nevada, where new legislation slowed the process dramatically last year, foreclosure starts were up 87 percent from a year ago.

While the numbers can be parsed in many ways, the bottom line is that while fewer borrowers are getting into trouble, an enormous backlog of distress is still moving through the foreclosure system, in some places quite quickly, and in others ever more slowly. Until the overall numbers come down to a more normal level, any speculation on overall price stability is risky at best.

(Read More: Mortgage Mess StillMires US Housing Recovery)


TOPICS: Chit/Chat
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1 posted on 02/14/2013 10:20:36 AM PST by ExxonPatrolUs
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To: ExxonPatrolUs

We need similar laws passed in every state.

Even on short sales banks make money. Between fees and interest banks make a fortune. If they do a mortgage for $250,000 and over the life of the loan expect back $600,000, when they sell for $220,000 they count that as a $350,000 loss.
Whereas they may have already been paid $100,000 in interest and fees and now that are getting that plus $220,000. In reality they made $70,000 not lost $350,000.


2 posted on 02/14/2013 10:33:36 AM PST by EyeSalveRich (where do you draw the line)
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To: ExxonPatrolUs

An effort to prop property taxes wrongfully high. There are probably also many illegal efforts around the country to fake sales, etc., for the purpose of keeping property taxes high. If too few are investigating, they’re probably getting away with most of it.


3 posted on 02/14/2013 10:53:25 AM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: EyeSalveRich

“We need similar laws passed in every state.”

Only in a Marxist dreamland. The foreclosure process is needed so a lender can attempt to recoup a bad loan.

Otherwise the lender has an unsecured loan. Lenders don’t want to make $300,000 unsecured loans. The real estate as collateral allows those loans to made in the first place.

Take the loan collateral away by making foreclosure impossible; and lenders won’t lend.

How about this concept? People pay their loans.


4 posted on 02/14/2013 10:59:11 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: EyeSalveRich

Isn’t it sad that they can sue for $ that they “expected to get”? Why then, when I go to the casino, and I “expect” to hit the jackpot and don’t, I can’t sue the casino?


5 posted on 02/14/2013 11:05:31 AM PST by GYPSY286 (Politicians must USE their heads or Americans will LOSE their heads.)
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To: ExxonPatrolUs

“Boomerang Foreclosures” Are Back As Bernanke’s Second Housing Bubble Begins To Pop
http://freerepublic.com/focus/f-chat/2988544/posts


6 posted on 02/14/2013 12:11:27 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: HereInTheHeartland; Chunga85; businessprofessor

Only in a Marxist dreamland. The foreclosure process is needed so a lender can attempt to recoup a bad loan.
**************************************************
We’ve been over this before , the FALSE , FAKE , FRAUDULENT documents are because it ISN’T the actual lender that is foreclosing. If they were an actual party to the transaction they wouldn’t be BREAKING THE LAW with their WHITE COLLAR CRIMES. If they weren’t breaking the law the changes to the law wouldn’t have affected their foreclosure processing AT ALL.


7 posted on 02/14/2013 3:13:57 PM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: HereInTheHeartland

How about this concept? People pay their loans.
************************************************
How about this concept? Banks follow the law.

How about this concept? Bank lawyers that file fraudulent documents to steal a house they have no interest in GO TO JAIL.


8 posted on 02/14/2013 3:16:56 PM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: HereInTheHeartland

“Take the loan collateral away by making foreclosure impossible; and lenders won’t lend.”

It is amazing how people can’t grasp this simple principle.

If you think the real estate market is bad now? Force lenders to require 50% or more downpayment - which is what would happen (if you could get a loan at all) by making it difficult for them to foreclose.

You’ll turn a good chunk of Southern California into Detroit in less than a decade. Property tax receipts would plummet, public services would evaporate, and that would be the end of it. Sure, you stopped foreclosures, but you killed everything that depends on property rights being honored, which is pretty much everything!


9 posted on 02/14/2013 3:24:55 PM PST by RFEngineer
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To: ExxonPatrolUs

Does that mean we can now live in free housing?

I wonder if we can also force the bamks to pay our utility’s,
that would be great, and really i think they could at least help with my grocery bill.

After all i am poor because of them, the thieves, i had $10.00 in the bank one time and needed $15.00 to take my girl friend out so i wrote a check and the s.o.b.s give me a bunch crap just over a measly five dollars, they owe me.


10 posted on 02/14/2013 4:17:08 PM PST by ravenwolf
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To: Neidermeyer

“How about this concept? Banks follow the law.

How about this concept? Bank lawyers that file fraudulent documents to steal a house they have no interest in GO TO JAIL.”

Did I stumble on the pro Occupy Wall Street thread on DU?


11 posted on 02/14/2013 6:21:42 PM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland; All
You either don't know what God law teaches on this, or you disagree with God.
1. Charging interest on money is usury and is considered theft, biblically. A little bit of study about fractional reserve banking might help you. Try this.
2. In Bible law, under no circumstances whatsoever could you take a man's home from him. Consider what happened to Ahab and Jezebel for trying that.(God condemmed him to die and dogs to lick his blood on the land he took)
3. Even if you don't count usury, the banks are in violation of a host of laws already. They have been found guilty in court of violating some of them. They get a fine which amounts to a slap on the wrist. Two years later they are making record profits again, while the poor widow they stole the house from is destitute. Their executive get million dollar bonuses, and the congressmen that let them off live well and get eternal salaries. There are many place where God shows specific anger at leaders who exploit their people in these ways.
4. The laws proposed don't stop foreclosures at all. It is only a tiny half baked measure to encourage the banks to act more legally. Why on God's green earth you would call that Marxist is way beyond me.

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild 1790 though original sourcing is questionable

"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." Woodrow Wilson The New Freedom 1913

So we speak above a whisper about laws to stifle this conspiracy that a president warned about over a hundred years ago, and you want to call it Marxist to resist. OMG!

12 posted on 02/15/2013 4:46:28 AM PST by EyeSalveRich (where do you draw the line)
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To: HereInTheHeartland
"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
Thomas Jefferson to John Taylor, Monticello, 28 May 1816. Ford 11:533

Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs
Thomas Jefferson to John Wayles Eppes, Monticello, 24 June 1813. Ford 11:303

a vast accession of strength from their younger recruits, who, having nothing in them of the feelings or principles of '76, now look to a single and splendid government of an aristocracy, founded on banking institutions, and monied incorporations under the guise and cloak of their favored branches of manufactures, commerce and navigation, riding and ruling over the plundered ploughman and beggared yeomanry.
Jefferson to William Branch Giles, December 26, 1825, in Ford, 10:356. Polygraph copy available online from the Library of Congress

Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!
From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels
BTW - they attempted to assassinate him in a theater, like they did Linocln later.

Yeah, Thomas Jefferson, Andrew Jackson those horrible Marxists opposing illegal bank actions. SERIOUS sarcasm. OMG!

13 posted on 02/15/2013 5:27:45 AM PST by EyeSalveRich (where do you draw the line)
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To: EyeSalveRich
Well alrighty then. So we shut down all banks; negate all stock ownership; and what else?
Any part of capitalism you are in favor of keeping?
14 posted on 02/15/2013 6:40:27 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: EyeSalveRich

“1. Charging interest on money is usury and is considered theft, biblically. “

It sounds like you are in favor of Sharia financing then?


15 posted on 02/15/2013 6:55:01 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland
First of all you should probably search the internet and read about the difference between free enterprise and capitalism. The founding fathers and I, favor free enterprise.

I would suggest you read a little more on the money issue. Why do so many freepers and othes oppose the Federal Reserve. Why did Andrew Jackson run for president primarily just to eliminate the national bank? CONGRESS shall have the right to coin money and regulate the value thereof. Abraham Lincoln put green backs into circulation which was debt free money. Loans, and abundant wealth are MORE possible without usury that they are with usury. This is not the place for me to type in volumes of what has been written so well in many books. But maybe you should examine your views as to why it seems your view is so sharply in contrast to what Jefferson, Jackson and others have said.

I didn't mention anything about stock ownership. And forbidding usury does not preclude stock ownership. It would preclude corporate bonds, though. But since you brought it up, let me ask you. Do you believe it is right for someone to be free of the consequences of their actions? That is the primary reason for corporations. It is an entity created to protect executives, managers, etc. with a legal barrier to be free from the responsibility of their actions. There are many types of free enterprise businesses. A corporation is only one. Even if we did away with corporations, which I am not proposing, the world could still have as many businesses as it desired.

16 posted on 02/15/2013 7:06:01 AM PST by EyeSalveRich (where do you draw the line)
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To: HereInTheHeartland
“1. Charging interest on money is usury and is considered theft, biblically. “ It sounds like you are in favor of Sharia financing then?

puh-lease. Don't even try to link me up with Islam, because I support biblical economics. That is kinda like if you told me you opposed theft, and I suggested you must be in favor of cutting off peoples hands for theft. That's what Muslims do.

Rule by sharia law, is a kingdom that started with the smoke from the pit in Revelation 9, and ended when the caliphate was abolished in Turkey immediately following WWI as was expected from Daniel 11 and Revelation 16. Their kingdom is in opposition to God's kingdom. If they oppose murder good for them. If they oppose usury, good for them. That doesn't mean I want anything to do with resurrecting their destroyed Ottoman Empire.

17 posted on 02/15/2013 7:21:28 AM PST by EyeSalveRich (where do you draw the line)
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To: EyeSalveRich
“Do you believe it is right for someone to be free of the consequences of their actions? That is the primary reason for corporations.”

Ask any landlord who has been sued by a deadbeat tenant why they have set up a LLC for their duplex rental for example.
Anyone that owns something of value; will have someone try to take it from them via the legal system.

Get rid of many of the lawyers in society; then maybe things could change.

This isn't the 1700’s.

18 posted on 02/15/2013 7:32:02 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland
Get rid of many of the lawyers in society; then maybe things could change.

There is a difference between legislation and ideas. The only law that was proposed, which I agreed with, and started you alleging Marxism, was a law to make it more difficult for banks to violate the laws that they have already been found guilty of violating.

The other stuff I have discussed is about ideas. What is right. What is wrong. I agree with you completely that we are in an overly litigous society, driven largely by greed. But surely you don't believe the best way to fix a overly litigous society is by making every free from responsibility of their actions.
The subject of how we can fix the many ills of America today begins with understanding the roots causes, and what is right, and what is wrong. Actually making changes in government to make that happen is a whole other ballgame. How can we even get the first player to first base in that ball game if we don't understand the underlying issues?

19 posted on 02/15/2013 7:59:21 AM PST by EyeSalveRich (where do you draw the line)
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To: EyeSalveRich

“was a law to make it more difficult for banks to violate the laws that they have already been found guilty of violating.”

Foreclosure should be more streamlined; not less. Every new law you pass only passes on costs to everyone else.

The Dodd Frank stuff is only just now starting to hit. Fees are going up, more paperwork, etc. It may very well not allow many first time homebuyers to buy a home.

The reality is that most mortgage lending excesses were corrected a year or so into the financial crisis. The market spoke then and took out lenders such as Countrywide and WAMU.

More laws only benefit attorneys, politicians and those who want something for nothing. As is the normally the case; the rest of us are sent the bill.

I’m tired of paying.


20 posted on 02/15/2013 8:31:18 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland
Did I stumble on the pro Occupy Wall Street thread on DU?

**********************************************

OK then , What's your reason (excuse) why Penalties for breaking the FRAUD STATUTES should have a negative impact on the banks other than the clear fact that they have been demonstrably breaking the law in the majority of their actions?

Serious Question here ,, I'd like to see you address it rather than just fling accusations and deflect away from the real question.

You do understand that the FHFA (the parent corp of FNM and FRE) is suing bankers for fraud right now in Federal courts don't you...

21 posted on 02/15/2013 8:38:48 AM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: Neidermeyer
“You do understand that the FHFA (the parent corp of FNM and FRE) is suing bankers for fraud right now in Federal courts don't you... “

Obamas minions are always suing someone. It's called wealth redistribution

22 posted on 02/15/2013 8:57:22 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland

Well alrighty then. So we shut down all banks; negate all stock ownership; and what else?
Any part of capitalism you are in favor of keeping?
****************************************************
I am in favor of capitalism , you are cheerleading CRONY CAPITALISM , NOT the same thing ,, the banks that created the crash through their fraudulent PONZI scheme with real estate , selling the same goods dozens of times over , insuring the defective products they created as many as 30 times over with different insurers , crashing pension funds and other central banks the world over should be hammered with lawsuits and restitution claims until they disappear ,, there are 1000 small and medium sized banks ready to take over the business of the 6 or so TBTF / TBTJ banks.

Instead of just playing the role of Wall Street shill you should look into the known , discovered , indisputable facts.

Here’s a good thing to review , the FRAUD in this is obvious even to someone reviewing it with a mind closed to the truth. http://www.foreclosurehamlet.org/profiles/blogs/bank-of-america-responds-to-moynihan-lawsuit-cites-criminal-act-c


23 posted on 02/15/2013 8:58:58 AM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: HereInTheHeartland

“You do understand that the FHFA (the parent corp of FNM and FRE) is suing bankers for fraud right now in Federal courts don’t you... “

Obamas minions are always suing someone. It’s called wealth redistribution
*******************************************
Always a deflection and a redirect from you , never reasoned response.. must be a good feeling being so smart that you don’t have to consider facts.


24 posted on 02/15/2013 9:01:07 AM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: HereInTheHeartland

Here’s something else for you to chew on ... http://www.nakedcapitalism.com/2013/02/elizabeth-warren-makes-promising-start-in-senate-banking-committee-hearing.html


25 posted on 02/15/2013 9:18:04 AM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: HereInTheHeartland
Every new law you pass only passes on costs to everyone else.

Tell that to the people in California under this law, who are not being thrown out their home while that home sits empty.

Generally, I agree with you that we have way, way to many laws. In most cases repealing bucket loads of laws is the favorable course of action. This particular laws seems to have had an immediately positive effect on families wanting to get by day to day in the home they have been paying for without it being taken away by a bank that has been found guilty of numerous crimes, which they don't have the personal resource to pursue a lawsuit against.

It sounds like you have been a little embittered by the likes of some of the occupy wall streeters. I was at a place where they had set up a booth last year. I went over to have a conversation with them. With my just calmly asking questions mostly, and occaisionaly interjecting a few thoughts, they went rabid mad. I know the guy wanted to punch me. He was clearly very Marxist. Socialism, is an enemy. But Neidermeyer is right, you need to distinguish between corporate exploitation, and free enterprise. It is not socialist to oppose greedy illegal behavior. That occupy wall street guy was adamantly opposed to the idea that someone should be able to profit from the fruits of their labor, especially if they are too successful. That is an evil concept. We are not advocating that here.

The reality is that most mortgage lending excesses were corrected a year or so into the financial crisis. The market spoke then and took out lenders such as Countrywide and WAMU.

It also seems like you have missed a lot of stories about the crimes the banks have been committing in this area.

26 posted on 02/15/2013 9:27:15 AM PST by EyeSalveRich (where do you draw the line)
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To: Neidermeyer

You are defending Elizabeth Warren??!!


27 posted on 02/15/2013 9:41:31 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: EyeSalveRich
"You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!"

No public politician would dare say such a thing today. Ron Paul came the closest, and in response the banks' minions pushed the "He's a nut on foreign policy!" slogan through conservative media so hard that it convinced a good majority of those who should have been his natural allies in that fight to disown him.

They all - even Obama - know very well who they really work for...and it sure ain't us.

28 posted on 02/15/2013 9:50:45 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Mr. Jeeves

Yeah. Really. I think the only thing that has kept Ron Paul alive is that as only one man he is mostly powerless to do anything.

The quote you mention, and the one from Wilson should give any thinking American GREAT pause. A hundred years ago the president, not some whack job, the president said the most powerful men in the country are afraid of a conspiracy, insidiously in control. Americans should really meditate on what that means, about elections, and industry today.
Heartland, I am sure opposes that conspiracy mentally, but seems to be unwittingly supporting it.


29 posted on 02/15/2013 10:24:13 AM PST by EyeSalveRich (where do you draw the line)
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To: HereInTheHeartland

You are defending Elizabeth Warren??!!
****************************************
I do not like Elizabeth Warren , she has done many scummy things in the past , I SUPPORT HER ACTIONS IN INVESTIGATING THE PROVEN FRAUDSTERS...

I’ll repeat that because you like to twist things ,, I don’t support her , I support HER CURRENT ACTIONS and hope that she PUTS THE ARCHITECTS OF OUR ECONOMIC CRISIS ON TRIAL ... AS WE DID DURING THE S&L CRISIS... The banks and the board level banksters that hatched the scheme must be held accountable for their crimes.

Obama could direct the IRS to do one simple thing , the evidence is undeniable , the supposed REMIC’s created by JPM , GS , WF and others are completely invalid and the pass-through money is TAXABLE , make the banks pay the back taxes, not the people that took the banks word that the instruments were valid. That would be a huge help in getting our economy back on the right foot ,, we cannot continue with the lawlessness that has been allowed by “watchdog” agencies during the Bush and Obama administrations...


30 posted on 02/15/2013 11:28:43 AM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: Neidermeyer
It sounds like you want to tax and regulate financial institutions even more.

No wonder our country has become less competitive over time. This is the kind of thing that drives business away.

31 posted on 02/15/2013 11:51:55 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland

It sounds like you want to tax and regulate financial institutions even more.

No wonder our country has become less competitive over time. This is the kind of thing that drives business away.
*******************************************
Your hopeless , nothing of the sort , however the financial arena has been completely unregulated for almost 15 years ,,, sure they’re regulations on the books but they are NEVER enforced ,,, John Corzine stole over $1Billion from his clients and is still free and WILL NOT be prosecuted... They are the cause of the real estate bubble and the collapse of the economy, they created products that do not qualify for tax exempt status ,, they should pay the tax due ... doesn’t sound like additional taxation to me.

You are in Iowa , snowed in and bored to death ... you have seen farmland rise in value over the last 10 years at a steady pace but you can still buy a old farmhouse for about $15/sq. ft. ... you never saw the bubble blown up or pop ,, this is all academic to you ... I know what your worldview is from looking out over the snowed over fields , I too have land near Iowa , less than 1/4 mile on the other side of the Mississippi.

The people in California , Florida and Nevada are at ground zero ,,, we know what the banks gameplan is ... they are executing it with the cooperation of the government , they manufactured a bubble with no money of their own. They engineered a contraction to collapse the bubble (it was accelerated by the fact that smart money caught on to the game and stopped funding their purchases) and now they are reaping all the properties bought with other peoples money for their enrichment. They increased their profits along the way by insuring their products and by selling them multiple times.

If you knew history you would recognize this as the same gameplan the banks used throughout the late 1800’s to steal farmland... they would loan money , get farmers on the hook and then engineer a contraction by simply keeping more cash in the vault and out of circulation.


32 posted on 02/15/2013 1:47:39 PM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: Neidermeyer
” I know what your worldview is from looking out over the snowed over fields “

Hah. Actually you know NOTHING about me and my worldview! Or Iowa it sounds like!!

Actually my area is in the very middle of the mortgage and insurance industry for the nation. Not an abstract concept at all.

And yes farmland is in a dangerous bubble. Very concerned about that. The 80’s were very damaging to many in agriculture.

You seem to see vast conspiracies being created with puppet masters holding all these invisible strings controlling people and events.

I think you need to get out more and step away from the computer. Exercise always clears the mind.

33 posted on 02/15/2013 2:27:00 PM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland

Actually my area is in the very middle of the mortgage and insurance industry for the nation. Not an abstract concept at all.
****************************************
Just looking at spreadsheets teaches you nothing.


34 posted on 02/15/2013 2:48:54 PM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: Neidermeyer

“Just looking at spreadsheets teaches you nothing.”

I do not know anyone who “looks at spreadsheets”. I do know many people who are in the trenches of the industry; and have seen the good, bad and ugly upfront.

Read up on the new Dodd Frank stuff if you think new regulation is a good thing.

I’m quite amazed anyone on a conservative website would be in favor of this type of thing.


35 posted on 02/15/2013 4:23:22 PM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland

I do know many people who are in the trenches of the industry; and have seen the good, bad and ugly upfront.
*******************************************
You’re in denial. Lets clean up the mess by ending the illegalities. Nowhere did I state “new regulation” is needed .. I DID state we need to ENFORCE THE LAW ,, something we haven’t done in at least 15 years... Once again you are attempting to smear by mis-characterizing my comments .. either that or you just are having a REALLY HARD time with comprehension.


36 posted on 02/15/2013 9:02:00 PM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: HereInTheHeartland

I do know many people who are in the trenches of the industry; and have seen the good, bad and ugly upfront.
***************************************
FWIW I worked for WF Home Mtg. for 2 weeks in 2004 ... I saw things up close and personal also .. I had just left a job as a stockbroker and saw enough fraudulent activity on the first day that I stayed only long enough to get another gig (I didn’t want to get my series 7 tarnished by staying there) ... So you decided to wallow in the FRAUD and you’re looking for people here to tell you it’s OK ,, you think that conservatives will give you a blessing just because it’s “business” ... it’s that kind of thinking that destroyed our economy.


37 posted on 02/15/2013 9:07:48 PM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: Neidermeyer

“nd you’re looking for people here to tell you it’s OK ,”

I could really care less what an anonymous poster on a website thinks; they know nothing about reality.
I just get tired of total misinformation being posted about topics I am knowledgeable about. Misinformation that belongs on a left wing blog; not a conservative website.

I am same way when someone goes off on GMO seeds and spouts nonsense on that topic also.


38 posted on 02/16/2013 5:41:35 AM PST by HereInTheHeartland (Lawyers have caused thousands of times more destruction to our nation than have guns)
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To: HereInTheHeartland

I could really care less
********************************
If you want to win an argument you have to represent facts and logic ,, you just attack the person you disagree with .. if you are who you say then we are both knowledgable on the subject ,, I suspect you are the blind man feeling the elephants trunk and deciding the animal is very much like a snake.

What do you have against applying existing law against lawbreakers? especially when their lawlessness is tearing down the country.

Here’s a doc relating to DocX , a bank run FORGERY operation that’s purpose was to create documents to steal homes they had no legal interest in... http://www.scribd.com/doc/125771012/Lps


39 posted on 02/16/2013 8:24:45 AM PST by Neidermeyer (I used to be disgusted , now I'm just amused.)
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To: ExxonPatrolUs

Bookmark


40 posted on 02/16/2013 8:26:43 AM PST by morphing libertarian
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To: Neidermeyer

You’re wasting your time. Obtuse ideologues will never grasp the significance of trillions of $$$ derivatives exposure. They’re quite comfortable trapped in their own brains.


41 posted on 02/16/2013 8:30:35 AM PST by Chunga85
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