Prepare for an Onslaught of Foreclosures

By Sydney Sullivan

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.

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March 1, 2021
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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.

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What’s Really Going on in Oregon! Taking Back the Narrative! We Are the Owners of Our Property.

KrisAnne Hall explains the Constitution of the United States and Declaration of Independence and expounds upon the over reaching authority being consumed by the branches of government.

As she defines the documents and boundaries that govern “We the People” – it becomes clear “it is time for us to understand the proper roll and function of our government.”

“It is time to know the facts. It is time to stand for the truth. […] We are the owners of our property and when a government dictates property – we are nothing…we are nothing… but tributary slaves” Continue reading

Which Institutions Do Americans Trust The Least?

Which institutions do Americans trust the least? According to the Harris Poll’s findings, Congress has fallen out of favor – 72 percent of American adults reported a decline in their trust for Congress over the past few years. The White House has also seen a major fall in trust – 57 percent of people reported that they trust it less than before.

America's Trust Continue reading

Only 3 days to destroy the world’s economy. Clinton Presidential Documents on Glass-Steagall Repeal Reveal: No Good Reason For Doing This

Larry DoyleBy Larry Doyle Sense on Cents

I do not think there is any single piece of legislation in the last 50 years that has had such a profoundly detrimental impact on the American public than the repeal of the Glass-Steagall Act separating commercial and investment banking.

That repeal is certainly not the sole factor that led to the economic crisis of 2008 and the ongoing pain we experience today, but it was certainly critical to the eventual meltdown. There is no great revelation in that assessment. Continue reading

Threats, Extortion Made By Banks Threatened By Eminent Domain

12-RICHMOND1-master675Eminent Domain: a Long Shot Against Blight – Maybe Not

New York Times By 

You can’t fight city hall, the saying goes. But Gayle McLaughlin, the mayor of Richmond, Calif., a city of 100,000 souls, would tell you that fighting Wall Street is harder. Even for city hall. Continue reading

More Cities Consider Eminent Domain to Halt Foreclosures

Save our Homes Walk LogoThe failure of the U.S. government to prosecute those who were the masterminds behind the NTMs (nontraditional mortgages) and subprime loan debacle, that more likely appear to have been an intentional Ponzi-like scam, makes Eminent Domain a plausible solution for relief. If handled properly Eminent Domain may actually save homes and families – not to mention saving lives and local governments that foolishly invested in unregulated and rigged derivatives and securities.

Do the math.  Hypothetical figure (conservative): $900 month payments X 67 million MERS mortgages X 12 months (1 yr.) = $723,600,000,000 new revenue stream annually – and this figure is conservative… it’s likely 2-3 times higher and this is JUST MERS. Continue reading

THE END OF POPULAR SOVEREIGNTY FOR THE UNITED STATES

NakedCapitalism posted a stunning article today by By Lambert Strether of Corrente. 

TPP genieTHE TPP, IF PASSED, SPELLS THE END OF POPULAR SOVEREIGNTY FOR THE UNITED STATES

You’ve heard of popular sovereignty, right? It’s embodied in the Preamble of the United States Constitution.[1] I’ll quote it for the sheer majesty of the language, archaic though it may seem in these “innovative” days:

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America. Continue reading

While you were Trick or Treating – so were the Banks on Capitol Hill

While you were tacking on the last sequins of the Halloween costume and watching the World Series – the banks were handing out cash for votes to scale back the Dodd-Frank Wall Street reform law. You probably didn’t hear about it because after that the TSA shooter dominated the news. Another special from “Whaddah I miss?”

s_500_opednews_com_0_financial-derivative-jpg_56223_20130104-458The U.S. House of Representatives voted last Wednesday to scale back a much-debated provision of the Dodd-Frank Wall Street reform law, handing bank lobbyists a token victory in their fight against the tougher rules. The much-debated provision centered around derivatives. Those fighting the foreclosure wars need not be told the “devil is in the derivatives.” Continue reading

“What?! Give up our paychecks while we shutdown the government? We’ve got mortgages and bills to pay.”

Washington (CNN) — In an extended shutdown, most of the federal workforce would go without pay, but the checks will keep coming to the 533 current members of Congress.

Who gets paid in a shutdown and who doesn’t? Continue reading