Foreclosure defense. Proficient legal & litigation assistant, researcher keeping homeowners & legislators informed. It's not about me – it's about all of us.
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Silicon Valley Bank didn’t even make it to the Weekend much less through it!! There’s no stopping the collapse now. Just a matter of time for the 18,400 Regional Banks to suffer the same fate. May the Road you choose be the Right Road.
📖 Chapters: 0:00 New Enron? 1:05 Interest Rates 4:01 Contagion Fears 7:24 What Cause SVB Bank Run? 10:49 Silvergate & SVB Shares 16:41 FDIC Shuts Down SVB 19:15 Securing Your Wealth For More Videos and Research, Click Here: https://www.ITMTrading.com/Blog
By Ellen Brown / Original to ScheerPost DeadlyClear Research and Editorial Staff
Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest banks) to bail in or expropriate their creditors’ money in the event of insolvency. The problem is that depositors are classed as “creditors.” So how big is the risk to your deposit account? Part I of this two part article will review the bail-in issue. Part II will look at the [UNREGULATED] derivatives risk that could trigger the next global financial crisis.
From Bailouts to Bail-Ins
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 states in its preamble that it will “protect the American taxpayer by ending bailouts.” But it does this under Title II by imposing the losses of insolvent financial companies on their common and preferred stockholders, debtholders, and other unsecured creditors, through an “orderly resolution” plan known as a “bail-in.”
The point of an orderly resolution under the Act is not to make depositors and other creditors whole. It is to prevent a systemwide disorderly resolution of the sort that followed the Lehman Brothers bankruptcy in 2008. Under the old liquidation rules, an insolvent bank was actually “liquidated”—its assets were sold off to repay depositors and creditors.
Some of the best tools we have ever encountered as litigation paralegals are on Bombards Body Language, a collection of dissected videos where the goal is to teach people to be able to identify and see deception in body language. Having watched Bombard’s video channels for several years – it recently became time to move up to tutorial instruction.
Very interesting how the 80,000 “deadwood” voters in Honolulu’s DIRTY voter rolls that the City Clerk just admitted to in this video aligns very well with the in-depth analysis of @RealSKeshel who estimates that we had 90,000 imaginary votes in Honolulu’s 2020 election. But “that’s typical of Hawaii” the City Clerk tells everybody… 🙄
Follow and volunteer with @AuditTheVoteHI if you want to do something about this and assist in the local grassroots efforts for free and fair elections. 🤙
Also, check out the abnormally high blank votes in 2020 for Maui County Council.
OriginalUploaded on Oct 9, 2009 Rep. Marcy Kaptur talks about trying to work with banks to prevent foreclosures in her hometown of Toledo, Ohio. Bill Moyers Journal airs Friday nights at 9 pm on PBS.
This is where I first learned the term of political fraud pandering. American Homeowners thought they had a cheerleader and it turns out Marcy Kaptur and the rest of her political cronies were just another bunch of do nothing politicians. They had the chance to write legislation to outlaw the fraudulent securitization schemes, robo-signing and UNREGULATED DERIVATIVE and they did nothing! The small in consequential crap they did do, like the $25 million National Mortgage Settlement that Kamala Harris oversaw, was a drop in the bucket to the TRILLION$ of debt the banks created from Americans’ mortgages and never helped the over 56+ million American families that lost, short sales, or walked away from their homes. This and other bank/government “settlements” were just a smokescreen leading up to another election.
Even if you haven’t watched any videos addressing water issues related to COVID or COVID spike protein vaccines, its likely your family and friends have been discussing the validity of various videos and health practitioners’ opinions about the safety of our water.
This is a must see for everyone in Hawaii and other states with high pension deficits and experimental vaccine mandates for union employees. By Sydney Sullivan
Take into account that it appears Hawaii has “gambled” the pension funds and has BILLION$ in deficits in UNREGULATED DERIVATIVES and bad investments. If they fire people it is likely these union members won’t get their pensions until retirement age – if they are even available at that time. If people quit now and take their pension funds from whatever they are using to make pension payments, might be better because they they might not see their pensions when they retire. Just a thought. Hawaii’s largest public pension fund hits a record $14B shortfall and State public funds’ shortfall hits $25B
“Shortfall” – laugh out loud. “Shortfall” – a clever term for “we’ve lost your money”. It appears, as American Homeowners completely understand, it is more likely bad investments and gambling debts.
Sometimes (most of the time) we have to wonder – whose bright idea was the foreclosure and eviction moratorium? Did they have no sense of consequence? The idea in and of itself was good at the time – but the execution leaves a lot to be desired. Why in the world would the Congress agree to a moratorium of mortgage payments be allowed to use a “forbearance” program?! Here we go again.
FOR IMMEDIATE RELEASE:
March 1, 2021 MEDIA CONTACT: Office of Communications Tel: (202) 435-7170
NEW REPORT FROM CONSUMER FINANCIAL PROTECTION BUREAU FINDS OVER 11 MILLION FAMILIES AT RISK OF LOSING HOUSING Federal foreclosure moratorium slated to end June 30, 2021 WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three months on mortgage payments, while 8.8 million are behind on rent. Homeowners alone are estimated to owe almost $90 billion in missed payments. The last time this many families were behind on their mortgages was during the Great Recession.
The stories you are about to read are relatively true with some poetic liberties, the names have been changed to protect the innocent. God took care of the guilty.
Karma comes from the Sanskrit word, karam, or action. The Law of Karma talks about the consequences of our actions. Or in other words, cause and effect. You may or may not call it karma, but for most of us, we have one of the following ideas already implanted.
You reap what you sow –
What goes around comes around –
You get what you give –
Life always come “full circle” –
How does this apply to bank foreclosure attorneys?