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Keyword: bernardino

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  • City Attorney of Bankrupt San Bernardino: 'Lock Your Doors and Load Your Guns'

    11/30/2012 11:06:55 AM PST · by Nachum · 66 replies
    Breitbart ^ | 11/30/12 | Bretibart News
    City attorney of San Bernardino Jim Penman had the audacity to tell the truth to the residents of bankrupt San Bernardino at a recent city council meeting. Taking stock of the fact that San Bernardino’s murder rate has jumped 50 percent over the last year, that the city has been cutting its police force by about 80 officers, and that there is no good news in sight, Penman stated, “lock your doors and load your guns.” He stands by the statement today, explaining, “you should say what you mean and mean what you say.” Penman continued, “Let’s be honest, we...
  • WSJ: Seizing Mortgages Could Yield Big Returns (Long Live King John!)

    07/25/2012 10:12:14 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 07/25/2012 | Anthony B. Sanders
    The Wall Street Journal reports that seizing mortgage could yield BIG returns for investors. “Tapping the power of eminent domain to repair underwater mortgages could generate investor returns of up to 30% and billions of dollars in fees for bankers behind the proposal, according to people with knowledge of the plan. Despite the controversy, some potential investors in Mortgage Resolution’s plan are stepping forward. “We think the program has legs and a fairly strong legal justification” to seize mortgages with eminent domain, said Tom Capasse, co-head of Waterfall Asset Management, which said it is considering investing in the plan.” Of...
  • California Passes New Foreclosure "Protections" - Harming Those That It Means To Help

    07/03/2012 8:42:24 AM PDT · by whitedog57 · 13 replies
    Confounded Interest ^ | 07/03/2012 | Anthony B. Sanders
    According to the Los Angeles Times, California lawmakers have passed legislation that would provide homeowners with some of the nation’s strongest protections from foreclosure. The cornerstone of the legislation mirrored provisions of the national settlement earlier this year between federal regulators and the five largest servicers, including Ally Financial (ALLY), Bank of America (BAC), Citigroup (NYSE: C), JPMorgan Chase (JPM) and Wells Fargo (WFC). The legislation, SB 900 and AB 278, also would simplify dealings between homeowners and their banks or loan servicers by requiring that clients be given a single representative to work with, helping to prevent bureaucratic runarounds....
  • Super Model Gisele Bundchen, Reneges on “Lost Dog” Reward Offer;

    12/10/2004 5:45:07 AM PST · by freepatriot32 · 30 replies · 7,253+ views
    emediawire.com ^ | 1210 04 | emediawire.com
    A young San Bernardino couple is going public with questions about supermodel Gisele Bundchen's "no questions asked" $5000.00 reward offer, which remains unpaid more than two weeks after the couple returned Bundchen's dog only to be arrested at gunpoint, handcuffed and held in custody. Although cleared by the police, the couple has no explanation from Bundchen of why they were treated like criminals and denied the reward. Hollywood, CA (PRWEB) December 10, 2004 -- Supermodel Gisele Bundchen’s “no questions asked” $5000.00 reward offer for her lost dog just before Thanksgiving, may have gotten her dog back, but, according to the...