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Attorney Roy Oppenheim from foreclosure defense firm Oppenheim Law answered questions live from CBS4 during its foreclosure defense hotline. Topics discussed include: foreclosure defense, mediation in foreclosure, loan modifications and loan modification scams. For more information on Broward foreclosure defense visit: southfloridalawblog.com/ or www.oppenheimlaw.com/
Introduction:
Short Sale is a kind of real estate, where you can owe more than the estimation of your property. Lending institutes, for example, huge banks or other money related establishments will permit you to run with a short sale, so you can abstain from experiencing foreclosure issues and undoing in your credit rating over the long haul.
You can undoubtedly get rid of issues on your credit rating on the off chance that you go through this short sale process. This article will help you on how you can apply for a short sale, with the goal that you can keep away from foreclosure issues.
Contact Local Bank or Lending Institution:
As a rule, the bank goes about as a loan specialist for this situation, so it is their obligation to help you in comprehending your land issue. Attempt to show at least a bit of kindness with the Loss Mitigation Department and unveil your own trouble to them and legitimize that you truly need to go through short sale.
Gather Your Requirements:
Do your level best to gather all the required data in short selling your property. They may request that you deliver a hardship letter and before you move out of the workplace, get their names and contact subtle elements also.
Short Sale Specialists:
When you have found the right short sale specialist, request that they do market analysis and take some photographs of the property. You can likewise request assistance from your short sale specialist on the most proficient method to oversee or get ready hardship letter since, they know more than you on what to compose and to abstain from concerning it.
Compose Hardship Letter:
Set up a hardship letter with reasons on why you can't make instalments for your home loan any longer. Additionally, incorporate the bank statement copy from most recent three months, a confirmation letter on the off chance that you have ended from your employment. Additionally, incorporate business market analysis and photographs of the property taken by your short sale specialist. At that point, send the hardship letter and other documents to the Loss Mitigation Department. Usually this process may take a while, so you should be patient.
Extra Necessities:
These days, the loss migration office would ask extra requirements from you before they begin preparing your application structure. Better consult with the short sale specialists for knowing extra necessities required in the short sale process.
Sit tight For a While:
When you got the offer, your loan specialist may agree or disagree to carry out the short sale process. Generally, the final say on short sale will originate from the mouth of your loan specialist, so it is essential to be good your bank amid and after the exchange.
Foreclosed home in Cleveland's Slavic Village, one of the neighborhoods hit hardest by the housing crisis. Aproximately 2,000 of the 8,000 homes lie vacant. This is a 400th generation JPEG.
12" x 36" denim and wool sewn onto linen. 2011
As a former urban designer, I've been acutely aware of how big an impact the foreclosure crisis has had on our cities and towns throughout the United States. My Foreclosure Boro series offers a glimpse via neighborhood maps into heavily foreclosed neighborhoods in major cities across the US. Japanese Boro is a traditional utilitarian patchwork ‘rag’. The pieces have been mended and patched numerous while providing warmth and security as clothing and covers to the Japanese people during hardship. The Foreclosure Boro show foreclosed lots that are threadbare, mended and salvaged. They provide a record of our current times when our very foundations of comfort and security are vulnerable.
Blogged: kathrynclark.blogspot.com/2011/01/foreclosure-las-vegas-b...
First we got married, then the baby came, next the twins, your mother moved in and finally the foreclosure.
Richmond Square originally opened in 1966 with two anchors JCPenney and Sears. Richmond Square was built by Edward J. DeBartolo Corp. In 1997 Dillards was added onto the mall. In recent years Richmond Square has fallen on hard times. Sears closed its store in 2013. In 2014 the mall went into foreclosure.
Built in 1903-1905, this Prairie-style mansion was designed by Frank Lloyd Wright for Larkin Company executive Darwin D. Martin, whom built the house as a way to bring his family, which had been scattered in various parts of the United States when his mother had died early in his childhood. The house was the culmination of immense personal wealth and professional success that Martin had enjoyed in his life despite his difficult childhood, starting as a soap seller in New York City, being hired by the Larkin Company in 1878, before moving to Buffalo and becoming the single office assistant to John D. Larkin in 1880, and in 1890, replaced Elbert Hubbard, who was a person that Martin immensely admired, as the Corporate Secretary of the Larkin Company. When the Larkin Company was seeking a designer for a major new office building for the company at the turn of the 20th Century, Martin, whom had witnessed Wright’s work in Chicago and Oak Park, wished to hire the architect as the designer of the new building, but needed to convince the skeptical John D. Larkin and other executives at the company of Wright’s suitability for the project. As a result, Martin decided to have Wright design his family estate. Darwin D. Martin became such a close friend of Wright that he commissioned the family’s summer house, Graycliff, located south of Buffalo on the shores of Lake Erie, to be designed by Wright in 1926, and spearheaded the effort to assist Wright with his finances when his personal residence, Taliesin, was threatened with foreclosure in 1927.
The main house is made up of four structures, those being the house itself, which sits at the prominent southeast corner of the property closest to the intersection of Summit Avenue and Jewett Parkway of any structure on the site, the pergola, which is a long, linear covered porch structure that runs northwards from the center of the house, the conservatory, which sits at the north end of the pergola and features a statue of the Winged Victory of Samothrace, which is visible from the front entrance to the house down the long visual axis created by the pergola, and the carriage house, which sits immediately west of the conservatory and behind the west wing of the house, enclosing the rear of the house’s main garden.
On the grounds of the mansion are two other houses, those being the Barton House, built at the northeast corner of the property along Summit Avenue to house Darwin D. Martin’s sister, Delta Martin Barton, and her husband, George F. Barton, which was the first structure to be built on the property and very visually similar to the main house, using the same type of bricks and incorporating many smaller versions of features found on the main house, and the Gardener’s cottage, built in 1909 to house gardeners who maintained the grounds of the property, which is the smallest and plainest of the three houses, which is sandwiched into a narrow strip of the property between two other houses, fronting Woodward Avenue to the west.
The main house features a buff roman brick exterior with raked horizontal mortar joints and filled in vertical joints, giving the masonry the appearance of being made of a series of solid horizontal bands with recessed joints, accentuating the horizontal emphasis of the house’s design and creating texture with shadows. The roof is hipped with wide overhanging eaves, with the gutters draining into downspouts that drop water into drain basins atop various one-story pillars at the corners of the house, with the roof having a T-shaped footprint above the second floor and three separate sections above the first floor, which wrap around the second floor to the south, west, and north, with the roof soaring above a porte-cochere to the west of the house, as well as a separate roof suspended above a porch to the east. The house’s roof is supported by pillars that sit near, but not at the corners of the building, with windows wrapping the corners. The windows are framed by stone sills and wooden trim, with some windows featuring stone lintels. The front door is obscured inside a recessed porch on the front facade, with the tile walkway to the door turning 90 degrees upon its approach to the doorway, a quite common feature of many of Wright’s houses at the time. The house is surrounded by a series of low brick walls with stone bases and stone caps, with sculptural decorative stone planters atop the pillars at the ends of many of these walls, with some of the planters containing carefully chosen decorative vegetation, and others serving as semi-hidden drainage basins for the adjacent one-story roofs.
Inside, the house features a foyer with a head-on view of the pergola and the conservatory to the north, simple but finely crafted wooden trim elements, the beautiful Wisteria Mosaic Fireplace between the foyer and dining room on the first floor that reflects light in different ways via various types of tile with different types of glazing, rough plaster painted a variety of colors, careful use of shadow to highlight certain elements while obscuring others, art glass windows featuring stained glass and clear glass panes in decorative patterns, wooden built ins and Frank Lloyd Wright-designed furnishings, a large kitchen with lots of white surfaces and wooden cabinets overlooking the garden, a living room with a vaulted ceiling and brick fireplace featuring an arched hearth opening, extensive use of expansion and compression via ceiling height to drive movement through the space, ventilation ducts that can be operated via decorative casement windows at the pillars ringing the various spaces of the house, wooden screens to obscure the staircase and second floor, custom light fixtures, art glass ceiling panels, and five large doors with art glass lights to the eastern porch on the first floor. The second floor of the house has multiple bedrooms with a variety of Frank Lloyd Wright built-in and freestanding furniture, wooden trim, and multiple bathrooms. The house is further decorated with Japanese art pieces procured by Wright in Japan, as well as being heavily inspired by traditional Japanese architecture, with usage of shadow and light to obscure and highlight different features, as well as the general form of the house, with the wide eaves providing ample shade to the interior during the summer months, while still allowing light to easily enter the space during the darker winter months.
To the north of the main house is an approximately 90-foot-long pergola with evenly spaced brick pillars framing the tile walkway, decorative wooden trim on the ceiling at each column, light fixtures at each column, and a glass transom and a door with large glass lights and a narrow frame providing a nearly unobstructed view of the interior of the conservatory at the north end of the pergola, focusing the attention of visitors upon their entrance to the house, as the conservatory and pergola form a continual visual axis from the foyer to the statue of the Winged Victory of Samothrace that stands in the northern end of the conservatory. This entire section of the house was rebuilt during its restoration, having been demolished in the 1960s after falling into disrepair. The pergola features a gabled roof that terminates at the bonnet roof around the perimeter of the conservatory to the north and at the first floor hipped roof of the house to the south.
The conservatory sits at the north end of the pergola, and has a latin cross footprint, with a glass skylight roof with a gabled section running north-south and a pyramidal hipped section at the crossing. The skylight terminates at a parapet that surrounds it on all sides, which features distinctive and decorative “birdhouses” at the north and south ends, apparently intended to house Blue Martins, but were not designed appropriately for the specific needs of the species, and have thus never been occupied. Two of the birdhouses survived the decay and demolition of the original conservatory in the 1960s, and were prominently displayed atop a wall in front of the house until the restoration of the complex in 2007. The interior of the conservatory features only a few concrete planters flanking the walkways and below the large Winged Victory of Samothrace that sits in the northern alcove of the space, with this apparently not having been what the Martin family had in mind, leading to the erection of a prefabricated conventional greenhouse made of metal and glass to the west of the Carriage House shortly after the house’s completion. The conservatory utilizes the same small tile on the floor as other areas of the house, with suspended wooden trim frames breaking up the large void of the space into smaller sections, supporting the space’s light fixtures and carefully framing the planters, fountain, and sculpture.
To the west of the conservatory is the two-story Carriage House, which features a simple pyramidal hipped roof with wide overhanging eaves, recessed corner pillars with central sections featuring wrap-around bands of windows on the second floor, a large carriage door in the center of the south facade, flanked by two smaller pillars and two small windows, and a one-story rear wing with a hipped roof. The interior presently houses a gift shop, but is set up like the original structure, demolished in the 1960s, would have been, with horse stables, red brick walls, a utility sink, and a simple staircase to the upper floor.
The house complex was home to the Martin family until 1937, when, owing to financial difficulties brought on by the loss of the family fortune during the 1929 Black Friday stock market crash and Darwin D. Martin’s death in 1935, the house had become too difficult for the family to maintain, with the family abandoning the house, allowing it to deteriorate. Additionally, Isabelle Reidpath Martin, Darwin’s widow, did not like the house’s interior shadows, which made it difficult for her to see. D.R. Martin, Darwin’s son, tried to donate the house to the City of Buffalo and the State University of New York system for use as a library, but neither entity accepted the offer, and the house remained empty until 1946, when it was taken by the city due to back taxes. In 1951, the house was purchased by the Roman Catholic Diocese of Buffalo, which intended to convert the house into a summer retreat for priests, similar to the contemporaneous sale of Graycliff by the Martin family to the Piarists, a Catholic order. However, the property languished until 1955, when it was sold to architect Sebastian Tauriello, whom worked hard to save the architecturally significant and by-then endangered property, hoping the house would avoid the fate that had befallen the Larkin Administration Building five years prior. The house was subdivided into three apartments, with the carriage house, pergola, and conservatory demolished and the rear yard sold, and two uninspired apartment buildings with slapped-on Colonial Revival-style trim known as Jewett Gardens Apartments, were built to the rear of the house. In 1967, the University at Buffalo purchased the house, utilizing it as the university president’s residence, with the Barton House and Gardener’s Cottage being parceled off, both converted to function as independent single-family houses. The university attempted to repair the damage from years of neglect and did some work to keep the house functioning, modernizing portions of the interior and returning several pieces of original furniture to the house. The house would exist in this condition for the next half-century.
In 1975, the house was listed on the National Register of Historic Places, and in 1986, was listed as a National Historic Landmark. In 1992, the nonprofit Martin House Restoration Corporation was founded with the goal of eventually restoring the historically and architecturally significant complex, and opening it as a museum. In 1994, the organization purchased the Barton House, and had the Martin House donated by the University of Buffalo in 2002. The restoration of both houses began under the direction of Hamilton Houston Lownie Architects shortly thereafter, and the Jewett Gardens Apartments were demolished upon the acquisition of the site by the nonprofit around the turn of the millennium. In 2006, the Gardener’s cottage was purchased from private ownership, and work began to rebuild the lost Pergola, Conservatory, and Carriage House, which were completed in 2007. Additional work to restore the house continued over the next decade, restoring the various interior spaces, with extensive work being put in to restore the kitchen and bedrooms. Finally, in 2017, the last part of the house was restored, being the beautiful Wisteria Mosaic Fireplace between the dining room and foyer, which had been extensively altered. An addition to the grounds, located on the former rear yard of an adjacent house, is the contemporary, sleek glass and steel-clad Eleanor & Wilson Greatbatch Pavilion Visitor Center, designed by Toshiko Mori, with a cantilevered roof that appears to float and tapers to thin edges, with glass walls on three sides, which houses the visitor information desk, ticket sales, presentation space, a timeline of the Martin House’s history, and restrooms. The restoration of the house marks one of the first full reconstructions of a demolished Frank Lloyd Wright structure, and is one of several significant works by the architect in Buffalo, including three designs that were built posthumously in the early 21st Century - the Fontana Boat House in Front Park, the Tydol Filling Station at the Buffalo Transportation Pierce Arrow Museum, and the Blue Sky Mausoleum at Forest Lawn Cemetery, which was designed for the Martin family in 1928, but not built until 2004.
Today, the restored Darwin D. Martin House complex serves as a museum, allowing visitors to experience one of the largest Prairie-style complexes designed by Frank Lloyd Wright, faithfully restored to its circa 1907 appearance, giving visitors a sense of the genius and design philosophy of Wright.
Free search of bank owned homes, preforeclosures, short sales that are now on the market in and around Palos Verdes & the South Bay. Free search of bank owned homes, preforeclosures and auctions of homes not on the market anywhere in California and of ANY property type - homes, apartments, commercial, residential income, land
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SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
"Few men have virtue to withstand the highest bidder." ~ George Washington.
New Yorkers Protest the US$850 BILLION (US$3 TRILLION) Wall Street BAILOUT: Wall Street, NYC - September 25, 2008
Photographer: a. golden, eyewash design - c. 2008.
Upon talking about attending this BAILOUT protest, a Native American associate of mine mentioned that somewhere near the location of the NY Stock Exchange - on Wall Street - was the site for a bloody battle between Native tribes and American invaders. I thought this to be rather profound and rather apropos, considering, well, everything!
After some research, I could not find that this exact location was THE LOCATION, but discovered the following information from the www.hmbd.org website:
"Sankofa" ---> African Burial Ground National Monument
Inscription. [On the marker is the Adinkra symbol "Sankofa," a symbol for the importance of learning from the past]
"For all those who were lost,
For all those who were stolen,
For all those who were left behind,
For all those who were not forgotten."
*Erected 2007 by National Park Service, U.S. Department of the Interior.*
Location. 40° 42.864′ N, 74° 0.267′ W. Marker is in New York City, New York, in New York County. Marker is on Federal Plaza/Duane Street 0.04 miles west of African Burial Ground Way/Elk Street, on the right when traveling east. Click for map. Marker inscriptions are part of the African Burial Ground Memorial designed by Rodney Leon and are accessible to pedestrians on the eastern grounds of the Ted Weiss Federal Building (290 Broadway) off Federal Plaza/Duane Street. Marker is in this post office area: New York NY 10007, United States of America.
Other nearby markers. At least 8 other markers are within walking distance of this marker. Richard Montgomery (approx. 0.3 miles away); Remains of Maj. Gen. Richard Montgomery (approx. 0.3 miles away); St. Paul's Chapel (approx. 0.3 miles away); 100 Year-Old Sycamore (approx. 0.3 miles away); Americans of Chinese Ancestry (approx. 0.3 miles away); Lin Ze Xu (approx. 0.3 miles away); Men who died whilst imprisoned in this City (approx. 0.6 miles away); Ohio Company of Associates (approx. 0.6 miles away).
If anyone has any information regarding the battle to which my friend spoke, I'd love to hear about it. In the meantime, I might just have to ask again!
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Friends,
The richest 400 Americans -- that's right, just four-hundred people -- own MORE than the bottom 150 million Americans COMBINED! 400 of the wealthiest Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion -- the same amount that they were demanding We give to them for the "bailout." Why don't they just spend the money they made under Bush to bail themselves out? They'd still have nearly a trillion dollars left over to spread amongst themselves!
Of course, they are not going to do that -- at least not voluntarily. George W. Bush was handed a $127 billion surplus when Bill Clinton left office. Because that money was OUR money and not HIS, he did what the rich prefer to do -- spend it and never look back. Now we have a $9.5 trillion debt that will take seven generations from which to recover. Why -- on --earth – did -- our -- "representatives" -- give -- these -- robber -- barons -- $US850 BILLION -- of – OUR -- money?
Last week, proposed my own bailout plan. My suggestions, listed below, were predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: THERE...IS...NO…FREE... LUNCH ~ PERIOD! And thank you for encouraging us to hate people on welfare! So, there should have been NO HANDOUTS FROM US TO YOU! Last Friday, after voting AGAINST this BAILOUT, in an unprecedented turn of events, the House FLIP-FLOPPED their "No" Vote & said "Yes", in a rush version of a "bailout" bill vote. IN SPITE OF THE PEOPLE'S OVERWHELMING DISAPPROVAL OF THIS BAILOUT BILL... IN SPITE OF MILLIONS OF CALLS FROM THE PEOPLE CRASHING WASHINGTON "representatives'" PHONE LINES...IN SPITE OF CRASHING OUR POLITICIAN'S WEBSITES...IN SPITE OF HUNDREDS OF THOUSANDS OF PEOPLE PROTESTING AROUND THE COUNTRY... THEY VOTED FOR THIS BAILOUT! The People first succeeded on Monday with the House, but failed do it with the Senate and then THE HOUSE TURNED ON US TOO!
It is clear, though, we cannot simply continue protesting without proposing exactly what it is we think THESE IDIOTS should/'ve do/one. So, after consulting with a number of people smarter than Phil Gramm, here’s the proposal, now known as "Mike's Rescue Plan." (From Michael Moore's Bailout Plan) It has 10 simple, straightforward points. They are that you DIDN'T, BUT SHOULD'VE:
1. APPOINTED A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money was expended, Congress should have committed, by resolution, to CRIMINALLY PROSECUTE ANYONE who had ANYTHING to do with the attempted SACKING OF OUR ECONOMY. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse should have and MUST GO TO JAIL! This Congress SHOULD HAVE called for a Special Prosecutor who would vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in future. (I like Elliot Spitzer ~ so, he played a little hanky-panky...Wall Street hates him & this is a GOOD thing.)
2. THE RICH SHOULD HAVE PAID FOR THEIR OWN BAILOUT! They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than $2,000 dollars during the Bush years, that working people and the middle class should have to fork over one dime to underwrite the next yacht purchase.
If they truly needed the $850 billion they say they needed, well, here is an easy way they could have raised it:
a) Every couple makeing over a million dollars a year and every single taxpayer who makes over $500,000 a year should pay a 10% surcharge tax for five years. (It's the Senator Sanders plan. He's like Colonel Sanders, only he's out to fry the right chickens.) That means the rich would have still been paying less income tax than when Carter was president. That would have raise a total of $300 billion.
b) Like nearly every other democracy, they should have charged a 0.25% tax on every stock transaction. This would have raised more than $200 billion in a year.
c) Because every stockholder is a patriotic American, stockholders should have forgone receiving a dividend check for ONE quarter and instead this money would have gone the treasury to help pay for the bullsh*t bailout.
d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raised the corporate income tax BACK to the levels of the 1950s, this would give us an extra $500 billion.
All of this combined should have been enough to end the calamity. The rich would have gotten to keep their mansions and their servants and our United States government ("COUNTRY FIRST!") would've have a little leftover to repair some roads, bridges and schools...
3. YOU SHOULD HAVE BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME! There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So, instead of giving the money to the banks as a gift, they should have paid down each of these mortgages by $100,000. They should have forced the banks to renegotiate the mortgage so the homeowner could pay on its current value. To insure that this help wouldn't go to speculators and those who tried to making money by flipping houses, the bailout should have only been for people's primary residences. And, in return for the $100K pay-down on the existing mortgage, the government would have gotten to share in the holding of the mortgage so it could get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is $150 billion, not $850 BILLION.
And let's set the record straight. People who have defaulted on their mortgages are not "bad risks." They are our fellow Americans, and all they wanted was what we all want: a home to call their own. But, during the Bush years, millions of the People lost the decent paying jobs they had. SIX MILLION fell into poverty! SEVEN MILLION lost their health insurance! And, every one of them saw their real wages go DOWN by $2,000! Those who DARE look down on these Americans who got hit with one bad break after another should be ASHAMED.! We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home they own.
4. THERE SHOULD HAVE BEEN A STIPULATION THAT IF YOUR BANK OR COMPANY GOT ANY OF OUR MONEY IN A "BAILOUT," THEN WE OWN YOU. Sorry, that's how it's done. If the bank gives me money so I can buy a house, the bank "owns" that house until I pay it all back -- with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk -- and necessary for the good of the country -- then you can get a loan, but WE SHOULD OWN YOU. If you default, we will sell you. This is how the Swedish government did it and it worked.
5. ALL REGULATIONS SHOULD HAVE BEEN BE RESTORED. THE REAGAN REVOLUTION IS DEAD! This catastrophe happened because we let the fox have the keys to the hen-house. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here's what Sen.Phil Gramm, McCain's chief economic advisor, said at the bill signing:
"In the 1930s ... it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.
"We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.
"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality."
FOR THIS NOT TO REOCCUR, This BILL SHOULD HAVE BEEN REPEALED! Bill Clinton could have helped by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they were done with that, they should have restored the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any "bailout" should have had enforcement monies attached to them and criminal penalties for all offenders.
6. IF IT'S TOO BIG TO FAIL, THEN THAT MEANS IT'S TOO BIG TO EXIST! Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No ONE or TWO companies should EVER have this kind of power! The so-called "economic Pearl Harbor" can't happen when you have hundreds -- thousands -- of institutions where people have their money. When we have a dozen auto companies, if one goes belly-up, we DON'T FACE A NATIONAL DISASTER! If we have three separately-owned daily newspapers in your town, then one media company can't call all the shots (I know... What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a STRONG and "FREE" press!). Laws Should have been enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the GIANT FALLS and DIES. And no institution should be allowed to set up money schemes that NO ONE understands. If you can't explain it in two sentences, you shouldn't be taking anyone's money!
7. NO EXECUTIVE SHOULD EVER BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF "PARACHUTE" OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How We have allowed this to happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it's only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an OUTRAGE! We have created the mess we're in by letting the people at the top become bloated beyond belief with millions of dollars. THIS HAS TO STOP! Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be FIRED before the company receives ANY help.
8. CONGRESS SHOULD HAVE STRENGTHENED THE FDIC AND MADE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE'S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct to propose expanding FDIC protection of people's savings in their banks to $250,000. But, this same sort of government insurance must be given to our NEVER have to worry about whether or not the money they've put away for their old age will be there. This should have meant strict government oversight of companies who manage their employees' funds -- or perhaps it means the companies should have been forced to turn over those funds and their management to the government? People's private retirement funds must also be protected, but perhaps it's time to consider not having one's retirement invested in the casino known as the stock market??? Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about becoming destitute.
9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off your TVs! We are NOT in the Second Great Depression. The sky is NOT falling, Chicken Little! Pundits and politicians have lied to us so FAST and FURIOUS it's hard not to be affected by all the fear mongering. Even I wrote to and repeated what I heard on the news last week, that the Dow had the biggest one day drop in its history. Well, that was true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the '80s, 3,000 banks closed, but America didn't go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into their Jacuzzis before they slip into their million thread-count sheets to drift off to a peaceful, Vodka tonic and Ambien-induced slumber.
As crazy as things are right now, tens of thousands of people got a car loan last week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. I was even pre-approved for a US$5K personal loan. Yes, life has gone on with little-or-no-change (other than the whopping 6.1% unemployment rate, but that happened last month). Not a single person lost any of his/her monies in bank, or a treasury note, or in a CD. And, the perhaps the most amazing thing is that the American public FINALLY didn't buy the scare campaign. The citizens didn't blink, instead telling Congress to take that bailout and shove it. THAT was impressive. Why didn't the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say 'Saddam has the bomb' so many times before the people realize you're a lying sack of shit. After eight long years, the nation is worn out and simply can't take it any longer. The WORLD is fed up & I don't blame them.
10. THEY SHOULD HAVE CREATED A NATIONAL BANK, A "PEOPLE'S BANK." Since they're really itching to print up a trillion dollars, instead of giving it to a few rich people, why don't We give it to ourselves? Now that We own Freddie and Fannie, why not set up a People's bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And, now that we own AIG - the country's largest insurance company - let's take the next step and PROVIDE HEALTH INSURANCE FOR EVERYONE. MEDICARE FOR ALL! It will SAVE us SO MUCH MONEY in the LONG RUN (not to mention bring peace of mind to all). And, America won't be 12th on the life expectancy list! We'll be able to have a longer lifespan, enjoying our government-protected pension and will live to see the day when the corporate criminals who caused this much misery are let out of prison so that We can help re-acclimate them to plain old ordinary, civilian life -- a life with ONE nice home and ONE gas-free car invented with help from the People's Bank.
P.S. Call your Senators NOW !!! ---> www.visi.com/juan/congress/
Since they voted against passing the extension of unemployment benefits and skipped out to "campaign" to us to be re-elected...call them and tell them you will vote for the other "guy" if they don't get their act together!
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UPDATE: THE PEOPLE HAVE VOTED! A HISTORIC MOMENT: NOVEMBER 4th 2008!
------> THE Historic ELECTION <------
"A work in PROGRESS."
Nov. 4th, 2008.
A great American leader once said, "As individual fingers We can be easily broken. But TOGETHER We make a mighty fist." These words too were spoken by a minority leader. He was the venerable Chief Sitting Bull. No, Barack Obama's not the first American minority to speak eloquently and he most certainly won't be the last. Though, in the end, this election wasn't even close !!! The world watched as, "YES WE CAN!" turned into, "YES WE DID!" as it now ushers in, "YES WE MUST!" time is NOW!
What WE do with this moment shall define US, forthright. America has now elected a man with a background of partial African - American descent as President elect. A new leader with roots from Kenya to Kansas (with a step-father from Indonesia), will be working in conjunction with a vice-Presidential of Anglo-European roots. This is something in which citizens of ALL races - both here and the world 'round – have loudly REJOICED. Why talk about race? Is race important? You bet! Because - like it or not - race has dominated and governed Our daily lives for thousands of years. After all: "To know where We're going, We must first know where We've been".
We've come a LONG Way baby! What was once "acceptable" in 1965 is no longer in 2008 and THANKFULLY.
This is a changing of the guard. Especially since forty-percent of America's population is considered to be a "minority". Only four generations removed, the repression of African slaves by Anglo Saxons caused hundreds of thousands of brothers to kill brothers in a viscous and bloody battle that changed the fundamental principals of this Constitutional Republic from rhetoric to reality. This too was a significant changing of the guard.
For the first time in the history of the country, the ancestors of these very same people who so passionately fought for slavery have now OVERWHELMINGLY voted for a minority leader. This too ushers in a new chapter in the history of America. This is a tremendous nod to those great American leaders before Us who risked everything so that We find ourselves at this precise moment in time. We must give thanks to these men and women who both tirelessly and unselfishly gave their lives to cross and to help shatter the racial, sexual and social boundaries imbued in the history of the United States of America.
It has now taken place. There's a palpable renewed sense of HOPE for a better tomorrow – a HOPE that these same crippling boundaries shall finally once and for all be erased. Yet it is wise to also remember the adage, "Actions speak louder than words" and Our rhetoric must now be turned into action. The ability to truly rise above differences and to not just speak of doing so, tells much of Our long and continuous journey. If We remember the old North American Indian saying, "We do not inherit the earth from our ancestors, we borrow it from our children." We might just have a fighting chance.
The People have spoken! A record-setting 130 million Americans' turned out to vote in Tuesday's election, in which Barack Obama made history on a Democratic tidal wave of victory. Polling suggests voters came out in record numbers because of growing concerns over the economy, jobs, health care, energy, and the war in Iraq.
Clearly, the Obama administration and the new Democratic majority in Washington have a chance to make profound changes in Our lives - stretching from Wall Street to Main Street. Yes, this moment shows decency about human possibility and let's face it, We could use just a little decency RIGHT NOW.
Perhaps more importantly, this moment speaks volumes as it's an utter rejection of the right's politics of fear and greed? It will now be decades before there's another Republican majority in Congress. Never have the words, "Ask not what Your country can do for You, but what You can do for Your country," seemed more true for SO MANY. For, We-Are-Our-country. And We're at a MAJOR crossroads. Where, oh where to begin?
OBAMA / BIDEN Campaign.
Here in New York, Working Families voters, members, affiliates, supporters and chapter leaders poured everything they had into critical campaigns that proved successful. Many are now understandably exhausted - though more than a little proud of what was accomplished. And, the results were terrific ~ if not downright Historic. For the first time since the mid-1930, the State Senate will NO LONGER be controlled by Republicans. It's now in the hands of a Democratic Working Families majority! Just-take-one-moment-and-soak-this-in. MASSIVE Democratic majorities in BOTH the HOUSE and the SENATE!
Together, the W.F.P built a solid partnership with Senate Democrats, knocking on more than half a million doors for progressive CHANGE. And, in the end, "We the People" overwhelmingly responded. This is a MILESTONE. There's now a renewed sense of real HOPE resonating from Washington, indeed, around the world. This is powerful. Because, without HOPE, there's simply nothing to gain.
However, We must be careful not to fall prey to disillusionment. If illusions tear People asunder, then disillusion outright kills the human spirit. In other words, divided THEY conquer, united, WE stand. That this historic moment was ushered in during Native American Indian month is apropos. Because, We must not forget the very real foundations of this idealistic country and pay homage to the 500 plus year struggle of Our First Peoples' for the basic rights afforded them in Our own Constitution. Obama's victory is indeed a victory representing the multitudes. It is precisely because his success mirrors the masses, rather than a few wealthy, power-elite that this is so electrifying. A VERY palpable, "Finally!" was the expression heard 'round the world.
The world woke up WEDNESDAY with the real possibility of a very RARE OPPORTUNITY - the best in most Our lifetimes. This is a chance to truly transform America.
But, We mustn't forget the VERY hard realities existing in this country. Just ask any woman…any "person of color"…or, any First Peoples living in this "great" land. For, as long as Native American Indians in Our country still live in policies of containment on reservations without the very basics, such as running water, electricity, or heat… as long as more than 75% of the prison population includes African-Americans, First and Taino Peoples …as long as We continue to allow Our tax dollars spent to be three times more for each of these prisoners per head than on Our own school childrens' education…as long as American women continue to earn less than men for the SAME work…as long as We allow privately held corporations to exist without extreme MAJOR reform…as long as We continue to allow Our children to trample on foreign soil to kill and to be killed in "Our" names…as long as We sit idly by expecting or content to let others to "Do the right thing," for us… as long as We DON'T ACTIVELY PARTICIPATE TOGETHER in challenging and fighting for OUR OWN WELL-BEING for the betterment of future generations… as long as We choose to remain ignorant and in denial to Our faults…TRUE CHANGE can, and will NEVER HAPPEN.
Though, like anything rare and unique, We must first take proper time to Honor…to give thanks to those before us who, without their dedication and sacrifice, made this moment possible. We must come together. Immediate formulation and a real plan to guard and to protect this moment with fierce determination is required. New leaders are needed and will emerge so We ensure moments like this become the norm, rather than a mere token fluke. If We HOPE to transform Tuesday's results into a real break from the shipwreck of the most immediate last thirty years - We MUST start by realizing this election represents just that – a START. It's Round One of Our LONG and CONTINUOUS struggle.
And, Round Two will be just as tough, if not more so. Staying the course can easily be forgotten when People are dying from inadequate health care; when they've found themselves on the streets for lack of shelter and as they grow ever more desperate due to lack of job opportunities. Just ask people of Native or African American descent. Or, one of Our homeless veterans living on America's streets of plenty.
Yes, the house of cards has fallen HARD and FAST. And, President / V.P. elect Barack Obama and Joe Biden have inherited many seemingly insurmountable challenges. REAL CHANGE - not rhetoric - is what's needed. And to get it, We MUST demand it. We MUST march and be watchdogs for the sake of the coming generations. Communication with Our politicians is a MUST. MOST importantly, We MUST stand TOGETHER and be willing to fight to protect what is right and what is good for the MANY, NOT the FEW.
UNITED We STAND, DIVIDED, We FALL.
A President Obama will need to be simultaneously supported AND pushed. His training as a community organizer gives one confidence that he'll not only understand, but should also expect this dynamic. It's imperative for us to mind the trusty, "Follow the money" strategy. Don't forget, President elect Obama dually made history by raising the most unprecedented amount of campaign dollars in the HISTORY of U.S. Presidential elections. According to CNN, if annualized, the Obama campaign's ad spending on the post-primary Presidential campaign would come to US$750 million. This amount is only exceeded amongst large corporations such as Verizon and AT&T - both heavy sponsors of the Republican AND the Democratic national party conventions.
At the start of October, the Democratic National Committee announced it raised US$49.9 million with US$27.5 million sitting in the bank. The party raised money through joint fund-raising events with Obama and was able to use that money to assist his candidacy. These numbers were only possible because he opted out of the public financing system for the fall campaign. John McCain chose to participate in the system, which limited him to US$84 million for the September / October stretch prior to the election. After initially promising to accept public financing if McCain did, Obama changed his mind after setting primary fund-raising records. In fact, by the time the primaries hit, Obama was raising as much as US$5 million each and every day. The Obama / Biden campaign raised more than US$150 million in September alone - a stunning and unprecedented eruption of political giving. This extraordinary fund-raising is bound to set a new standard in politics that could doom the current taxpayer-paid system set up in the 1970's.
HOPEfully NOT.
The party presidential nominees – Democrat Barack Obama and Republican John McCain – together spent more than US$1 BILLION, also an unprecedented figure. According to White House for Sale, a nonpartisan group that tracks political giving, Obama had 605 bundlers, or donors who collect money from friends and associates and bundle them together. Four years ago, Democrat John F. Kerry had 588 bundlers and, in 2000, Al Gore had none. McCain had 851 bundlers working for his campaign, compared to 557 who raised money for the Bush-Cheney re-election committee in 2004. George W. Bush is largely credited with institutionalizing the role of bundlers in 2000, when he recruited a then unprecedented 555 surrogate fundraisers.
Ask Yourselves: Who really benefits most from having donated to the Obama / Biden campaign?
President - elect Barack Obama & John McCain's U.S. Presidential campaign funds details:
OBAMA:
Total:US$750,767,963
Bundlers:605
LobbyistBundlers:17
MCCAIN:
Total: US$372,525,058
Bundlers: 851
Lobbyist Bundlers: 77
See the Center for Responsive Politics Presidential campaign monies for a better perspective:
2008: Obama AND McCain - US$5.3 BILLION
(Obama: US$750,767,963 million / McCain: US$372,525,058 million)
2004: Bush AND Kerry - US$4.2 BILLION
2000: Gore AND Bush - US$67.56 MILLION
1996: Dole AND Clinton - US$61.82 MILLION
1992: Clinton AND Bush - US$55.24 MILLION
* TO SEARCH FOR MEGA-DONERS, CLICK here: www.whitehouseforsale.org/searchDonor.cfm?CandidateSelect... McCain&StateSelect=&SortOrder=Last_Name, First_Name, Middle_Name, Suffix.*
Democrats in Washington and will be under enormous pressure to "play it safe", even as everyone knows We need bold action and some kind of new, New Deal. And, if We allow the "play-it-safe" crowd to dominate, then Obama (and We) will not succeed. Make NO mistake: the corporate big-wigs and free-market fundamentalists see this for exactly what it is: THE FIGHT OF A LIFETIME. They want nothing more than for the Democrats to disappoint, because then the HOPEfulness that Obama represents can be stuffed back in the bottle and cynicism can once again regain its place in Our national political culture.
WE Can't Let This Happen!
Whether it's revamping our health care system…implementing a new fair-based trade policy…creating a sound, realistic and well thought-out immigration plan…jobs programs…organizing rights in Washington, or campaign election reform, family leave or fair taxes, this election has set the stage for an ENTIRELY NEW social contract between the government and the People. This election opens up a real possibility – small, but real - that We could make genuine progress as a society, in terms of equality and freedom and true sustainability. In other words, the democracy We preach, but don't teach. What comes next is up to US. And, We need to seriously ready OURSELVES.
In short, the real meaning of this election hasn't yet been decided.
Overall, there's a lot of work to do. It's imperative that EVERYONE do his share - whether this means attending a neighborhood or union meeting, signing a petition, organizing or riding a bus to a demonstration, going on a lobby visit, making a financial contribution, or just talking to a stranger about the need and desirability of the common good.
Thanks for all you do!
Live your values. Love your country.
And, remember: TOGETHER, We can make a D-I-F-F-E-R-E-N-C-E !
Photo by CafeCredit under CC 2.0
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P.S. Need more photos like this? Check out my flickr profile page.
Foreclosure - if you fail to pay your mortgage on a home the bank may move to claim the home since you aren’t paying for it. This is a legal process the bank must go through to claim the home from you and force you to move out. If this is successful, your rights to the home are forfeited.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
BATON ROUGE, La. (AP) - State Treasurer John Kennedy says more than 4,000 borrowers in Louisiana are owed money from a settlement with mortgage servicers stemming from the 2008 housing bubble burst.
Kennedy, in a news release Thursday, said the state had just deposited more than $2...
loanmodificationkey.com/mortgage/louisiana-gets-2-4-milli...
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
BOSTON — The Massachusetts Senate on Thursday passed a bill that would allow cities like Springfield to require banks to post a bond that can be used to maintain vacant, foreclosed properties.
State Sen. Eric Lesser, D-Longmeadow, said on the Senate floor that the bill "preserves S...
loanmodificationkey.com/mortgage/foreclosure-bill-passes-...
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
SearchSoCalRealEstate.com allows you to search the official MLS database used by licensed real estate professionals, absolutely for free! Search foreclosures, bank owned property, reo's, standard listings and anything else an agent can search for you.
Another house on my street went in to foreclosure. I guess this is part of the "Change" folks voted in. That make nine house on my street that are now empty. Hopefully the economy will turn around soon.
Postcard for crunchtime2010.org exhibit in the U.K.
Extract from brief sent to artists: When I conceived of the idea of Crunchtime2010 I was thinking of the current financial crisis, consumerism and its effect on society and individual lives. Yet this is not the only issue facing human beings but rather the one currently occupying our attention – how to stimulate growth and get consumers spending and banks lending – this against a background of uncovered greed, financial mismanagement, credit, debt, lifestyle, climate change, celebrity and spectacle, poverty and inequality, rampant consumerism, fragmentation of society, globalisation, pollution etc. All of these are part of a whole that we as individuals try to piece together and make sense of. They represent a network of issues regarding world and societal organisation.
Asking for artists’ responses to the global issues is perhaps a shorthand for how we as artists view what’s going on, what strikes us, what interests us creatively and how we express our experience of living in all this. I was not asking for answers or for artists to tackle the whole thing but to work from the aspects that interest and inspire them. Requesting responses from artists from around the world also creates the possibility of sharing and exchange about life and conditions elsewhere.
The whole event is designed to offer a mirror to the issues we are all face in relation to ‘the how and why of living’. (Robert Hughes)
It’s a snapshot of voices contained in work engaging with how the world and living is at the present time. We also anticipate that this will not necessarily be gloomy but can also cover positives, compassionate responses and possibilities. What we’re after is meaningful, skilful, imaginative and worthwhile artwork in this time of upheaval. It might be oblique, direct, analytical, witty, warm, personal, an alternative world model, highlight important issues, be rooted in the past, be about a single life or everyone's!. We’re asking artists we think and feel about things and what’s going on, and working with their practices to make art.
Graham Martin, Curator, Crunchtime2010