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When the stolen wealth is returned to the middle class it was taken from, when the foreclosures stop not because of government intervention but because we figured out that they were just plain wrong and illegal from ANY angle, when we straighten out our property title system, and when the economy is converted from mostly playing with numbers to creating value, THEN things will change. Until then, we remain on the precipice of national disaster virtually certain to occur with a time-clock running out because patience is wearing thin. The BOSS won’t wait. I mean the REAL BOSS under the preamble and 9th Amendment to the U.S. Constitution — the BOSS is a group of people who share only one characteristic — they are all citizens of this country and collectively they have the only voice that counts.
Elizabeth Warren is the the best possible person in the best possible position to corroborate everything we have been saying on this blog. Her appointment as the adviser in charge of setting up the agency to protect consumers is a smart tactical and political move, but it also does something rarely found in the Capitol — it starts working right away. This appointment will later be regarded as a historic turning point in the breaking of bondage that is controlling our country’s politics, society, economic system and prospects.
She is everything the banks don’t want. She’s a consumer advocate, but more than that she is a lawyer and more than that she is a law professor and more than that has impeccable credentials as the outspoken Chairwoman of the congressional oversight committee for the TARP funds in which she criticized the Treasury department and everyone else in the handling of the crisis, the data that was collected, and the policies that were implemented.
Her appointment means that the President has not only heard us, he has already made the decision to let her lead the way in cleaning up our corrupt economic and political system. The manner in which she has been brought into the government speaks volumes about the new President’s commitment to get to work on our financial system immediately. Maybe it seems like a long time, but it has only been 18 months since he took office. It took 35 years to create this incredible mess and it took this President only 18 months to master the details of how it was done and now what to do about it. It is ONLY through that work that the capital can be freed for small business and innovative start-ups can be possible to lead us out of our unemployment shrinking median income nightmare.
Professor Warren is going to take a lot of hits because she is not a household name — yet. Elizabeth is outspoken and she will be pounced upon by lots of folks paid to make her look bad. But she is is savvy and knowledgeable far beyond her critics, and needs no training to understand the problem. As she works toward the establishment of this new agency, we need to lend her the most support we can through good times and bad — because this is not big government intruding on our lives, it is government doing it’s job protecting its citizens from predators.
The financial sector has been unwilling to give back, lend back or otherwise part with their hoarded wealth stolen from several generations of taxpayers and homeowners. Despite obvious flaws and perhaps because of those flaws in the system, interlopers from the financial sector have been stealing homes, lives, and wealth from every economic sector of the country — from the empty coffers of state and city budgets to the national deficit and the middle class and now poverty stricken underclass whose wealth is being held hostage behind a series of curtains that have continued to keep judiciary in the dark about what was really going on.
The aristocracy of Wall Street should be very careful what they wish for. They have painted themselves into a legal and financial corner. It is about to unravel for them, but for the rest of the country, relief, although some time off, is on the way.
By the way, nothing contained in this article should be taken as any retreat from the throw the bums out article I wrote about a couple of days ago. I am not praising this President on EVERYTHING he did nor am I saying the Democrats should get too much credit for where we are. It’s true that we were on the verge of collapse as the new administration took office and now we don’t seem to be there. But the underlying fundamental inequalities and predatory nature of our culture, our society, our economy, our political system and our judiciary continue to bloom even as this debate rages on. And the polls seem to indicate that this time the people know a whole lot more about the country than nearly anyone in government, with the exception of people like Elizabeth Warren.
When the stolen wealth is returned to the middle class it was taken from, when the foreclosures stop not because of government intervention but because we figured out that they were just plain wrong and illegal from ANY angle, when we straighten out our property title system, and when the economy is converted from mostly playing with numbers to creating value, THEN things will change. Until then, we remain on precipice of national disaster virtually certain to occur with a time-clock running out because patience is wearing thin. The BOSS won’t wait. I mean the REAL BOSS under the preamble and 9th Amendment to the U.S. Constitution — the BOSS is a group of people who share only one characteristic — they are all citizens of this country and collectively they have the only voice that counts.
Filed under: foreclosure |
I think any appeal of Elizabeth Warren is mainly due to her comparison to the man that is leaving the position. I was listening to some of her comment on interviews in which she says things like “We need to push Wall Street a little bit more” which indicates she is not a reformer and committed to working within the system”
I’ve studied Obama and too much to believe he can free himself to act in our interests. There are so many people capable of solving problems. One look at his cabinet, advisors, appointments and all “hope” is out the window.
The world is somewhat structured like a matrix. But unlike the movie, reality is not created by machines. A few powerful men run the world and they tell presidents what to do. President Woodrow Wilson stated so, quite eloquently.
The world government is an oligarchy including families. Control is through money. Opinion and perceptions is formed by media, education. A good politician will tell you, after two beers, that successful politics is the ability to cast an illusion.
The science of controlling thought has been around a long time. Everything being broadcast around us is propaganda.
There is clearing thinking here among the postings and I agree with Neil’s erudite editorials for the most part. Wish I shared his optimism on this administration.
I think any appeal of Elizabeth Warren is mainly due to her comparison to the man that is leaving the position. I was listening to some of her comment on interviews in which she says things like “We need to push Wall Street a little bit more” which indicates she is not a reformer and committed to working within the system”
I’ve studied Obama and too much to believe he can free himself to act in our interests. There are so many people capable of solving problems. One look at his cabinet, advisors, appointments and all “hope” is out the window.
The world is somewhat structured like a matrix. But unlike the movie, reality is not created by machines. But
Wow…with Elizabeth Warren in place, there truly is hope, but it can’t come fast enough. Homeowners need to know what the government did all these years by deregulating the banks and all the fraud they committed and contine to commit. Not working with the government, they’re making this administration look bad…which is, I’m sure, what they have intended to do. On the other hand, Obama has his hand tied with Freddie and Fannie…what would happen to this country if they failed?
Hey, a man, Are you sure those arabs were not born here and educated in saudi arabia or maybe yemen?
Elizabeth and us. reminds me of joan of arc. Anyhow it is one minute to midnight and we are ALL going to turn into pumpkins. I pray she can make it work.
Mr. van Eck, I believe that the OBAMSTER and his cohorts are KNEE DEEP in the profiteering that’s going on. His gal Valerie Jarret is a south side slum lord who was buying up property all over Chicago. These guys were trying to bring the Olympics to Chicago so they could unload these properties to the Olympic Committee. This is not a secret here. The OBAMSTER’S house sits on a lot and a half that he was GIVEN by Tony Rezco. Haven’t heard much about him lately, have we? This is all a charade.
You, as an attorney, know that there are plenty of laws on the books to prosecute these banks. Wire fraud, mail fraud, appraisal fraud, fraudulent asset statements, RICO; I gave all this stuff to 7 state and federal agencies, and NOTHING transpired. Again, it’s the ruling class that has the power, and they refuse to bite the hand that feeds them.
I am especially angry that the NEWS MEDIA (read MISINFORMATION MEDIA) refuses to enlighten the public with these stories of fraud and theft. Media, academia, the goverment, and the banksters are all on the same page and payroll.
Pres Obama has an agenda that is {pro bank&business] this is ANTI HOMEOWNER / consumer, E Warren will become a serious thorn in THEIR side.l most likely to meet with a mysterious death ,.. ; [
The method in which the banks & servicers obfuscate the records to prevent the acknowledgement of the depth & scope of the fraud is still being concocted .
The Administrative Procedures Act paved the way for “debt collectors”- credit cards companies [ banks] , mortgage servicers – [ banks]. insurance companies [ banks] , & shitty little local collection agencies i’m sure have ties to local [ banks] , to pursue all debts into perpetuity, the fear of your credit rating being ruined “oh my” so the blindside consumers just pay!! I learned the hard way long ago as “MY credit rating was destroyed by my father with the my same name” credit rating agencies rely on MISINFORMATION to propel their business model .
A MAN you are mistaken if you think that “the terrorists were the “barefoot arabs” yea… “TERROR ALERT ” ha!…OH PULLEZE.. never let a crisis go to waste even if you need to CREATE the crisis ,
Go and check who profited before,during,after, any major crisis and you will find the TERRORIST- behind the curtain. wearing a suit [ Armani at that ].
Leadership – Art of getting others to do what you want done.
Obama is leading. The key is inclusion. Including all parties whether they want or know they are being included. Transparency.
He knows what needs to be done, but HOW you make everyone swallow the pill is the key. Too fast or too slow and you choke. Even as President, he knows he is not above those whose hold the almighty dollar. Win the war and not every battle.
REGARDING ELIZABETH WARREN I AGREE WITH THE ARTICLE ABOVE
WITHOUT OUR HELP SHE IS WORTHLESS. JUST ANOTHER SMOKE SCREEN.
THE TIME BOMB IS ALREADY GONE OFF. IT JUST HAS A DELAY. JUST LIKE VITAMINS WE INJEST THAT HAVE A TIME RELEASE.
G-D SAVE US ALL
i think the banks are like dinosaurs they also thought they were too big to fail. but we know the fate of the dinosaurs.
if we can learn something from 9/11.
a barefoot arab can beat us. they first beat us on 9/11 and now we are leaving iraq with our tales between our legs. RUMSFELD BUILT THE LARGEST EMBASSY IN THE WORLD IN IRAQ. NOW THEY (I BELIEVE THAT IMAM RAOUF IS HAS MORE ALEGANCE TO AL QAEDA ELEMENTS THAT TO THE UNITED STATE S0 ARE BUILDING A MOSQUE NEAR GROUND ZERO. SOON IT WILL BE ON GROUND ZERO. BECAUSE WE WILL BE SO BROKE WE WILL TAKE ANYBODIES MONEY.
DONT FORGET THE GUYS FROM 9/11 WERE BORN IN SAUDI ARABIA AND EDUCATED IN THE UNITED STATES. THE ARABS ARE LAUGHING AT US. JUST LIKE THE REST OF THE WORLD.
THE CHINESE STUDENTS WHO COME TO AMERICA TO GET AN MBA OR OTHER DEGREES WANT TO GO BACK TO CHINA AND NOT STAY HERE.
THEY ARE BUILDING MORE HOTELS CASINOS IN MACAU THAN IN LAS VEGAS.
MICROSOFT IS BUILDING FACTORIES IN CANADA NEXT TO SEATTLE BECAUSE CANADA OFFERS GREAT INCENTIVES FOR IMMIGRANT ENGINEERS AND HI TECH EMPLOYEES. THE UNITED STATES IS NOT ALLOWING IMMIGRANT HI TECH WORKERS IN.
SHWARZENEGER IS OUT LOOKING FOR BULLET TRAINS MADE IN JAPAN. WHO IS HE BUILDING IT FOR? WE HAVE NO MORE MANUFACTURING AND PRETTY MUCH WE OUTSOURCE CUSTOMER SERVICE AND OTHER SERVICES.
IT IS SO BAD THAT EVEN MICHAEL MOORE IS MAKING SENSE.
OH WELL BACK TO WORK.
G-D SAVE THIS COUNTRY
I would have to disagree with Niel in his analysis that Pres Obama has “understood” this mess. I would suggest that the Administration is actually compounding this mess by two acts: (1) enticing the aggrieved homeowners to sign up for Note Modifications with entities that have paid virtually zero for the Note, the actual original balances having been paid by the insurance policies purchased by the Issuers at the time the Notes were sold off as securities; and (2) by having the quasi-government entities Fannie and Freddie “unload” their Notes at a deep discount to new players, that are in practice just bottom-feeders seeking rapid gains by then collecting (through foreclosure or by re-sale after modification) close to original value for that deep-discount paper.
The cycle of abuse and theft breaks when a Commission requires that all such Notes be brought before it, together with insurance contracts and bills of sale, and determines who paid what to whom. Then the Commission declares those insured Notes “paid” and stamps them Paid, on the reasonable theory that Paid is Paid, and the investors do not much care “who” paid the Note.
Those in bankruptcy might be obliged to accept an equitable claim by the insurers (ie the Government itself), but I fail to see how an insurer that signed off on a non-recourse policy can allow the Note Holder to double-dip against the home owner.