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Meet Danielle And Jim Plus 9 Part 2 - This Time Squatting On The Ratigan Show
Today's media sensation (and future leaders of some symbolic resistance) - the Earls, who after falling behind on their $880,000 loan, inspired by recent events, decided to take matters into their own hands (and the hands of their 9 children) and broke back into their foreclosed house. The police in local Simi Valley, made famous previously by such cult deadbeat classics as the Big Lebowsky, were so stumped by this they had no idea what the hell is going on so they just watched... Which seems to also be the general response of most of America. Today, the Earls appeared on the Ratigan show to present their side of the story. Gotta love the lawyer who cuts to the chase when he says that the banks aren't really owed the $880K noted above, "they are owed zero." Next up: everyone in America who has debt (and that would mean about 300 million people) decides to follow this advice, and "realizes" they don't actually owe any money to the bank. Problem solved.
So without further ado:
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Brilliant writing. Always wanted to say that.
We have yet to see if this spark will ignite the choking fumes.
Oh shit, you're right.
They do owe money to the MBS Trust that holds their mortgage. The servicing bank doesn't have standing to foreclose, and can't document their payments were getting to the MBS Trust
After 5 minutes into this interview, one can tell that these guys are full of it.
You'll make a fine RoboJudge. Got a GED?
These scumbags are going to jail. This has NOTHING to do with the title, this is all about getting MINE M/F
Congrats on the mind-reading and general omniscience, man. I'd like you to go to Vegas with me for a couple days. I'll give you 50% of the winnings if you cover net losses. We should make a bundle, yes?
So if I pay an attorney a couple thousand bucks to declare I owe nothing, I'm in the clear? Damn, I like this new American system of justice.
They will have to bring out a bankruptcy for dummies, fraudclosure edition
I just want this to make big news when they are kicked out by the Sheriff again.
Why? Do you have money riding on this? Skin in the game, somehow?
Or are you riding the law+order train? Is all this getting too scary?
What's your beef?
If he's a taxpayer he has skin in the game. Danielle and John's free McMansion will ultimtely be funded by the American taxpayer. Guaranteed.
It's all fiat money. BB can't find enough ways to spend it as it is. If you pay a mortgage against a home, you can get a bailout via the banks acting as conduits, just like GS did via AIG. It's not throwing-money-out-of-helicopters but it's close enough.
That's the game, those are the rules, I don't like it but I can't change it, and I'll play if I have to and would be an idiot not to. Just like GS didn't turn down the cash gift from AIG and nobody would expect them to.
Outside the law+order issues (which are nontrivial) I seriously don't see the problem.
The thing that twists my brain is the notion that the "squatters" should be blamed rather than the uber-criminal banks (including their Fed) who created the economic problems that led most people to these circumstances and the damn government that funnels our taxmoney (and that of coming generations) into their pockets to allow them to continue doing it.
How it would be the "squatter" who catches the blame for the tax burden imposed upon us all--against the will of the great majority-- by the government is what just does not compute for me.
But then, I would also urge us all to not impotently accept the proposition of a TARP II to cover this.
My, my, now we're hearing a very familiar story--with the twist that the people servicing the loan were not crediting payments and refused to provide an accounting.
So much for the demonic squatters angle.
I just get this whiff of burning banksters ass somehow... what a pleasant aroma :)
pass the tomato sauce please...
Worth keeping in mind that this entire episode (including the kids) might be a con job. 11 people pulled together for a bit of docu-drama. Is there a media outlet that could gain anything by putting on a dog+pony show?
Why is this any different than sheriff's, judges, politicians and police officers refusing to evict deadbeat homeowners?
That started 3 years ago, did everyone forget that?
This isn't new, it's just todays chapter and there are a few more folks at the watercooler saying "whoa, that's like not cool man, wtf."
If the banks have no papers, the claims are just vapors.
I thought Ratigan was a smart guy. Why did he not ask:
1. Did you borrow money for your mortgage?
2. How much did you borrow?
He is a retard.
And he talks like Porky Pig too
Snort, snort, snort!
3. Who did you you borrow from?
You guys that are harping on these guys need to realize the potential for extreme and high level fraud here. What happens when these guys pay off their house and the real owner of the title shows up and demands payments+late fees?
Irrelevant ... the loaning bank never gave them a dime of ‘real’ money ... fiat fraud only.
Fight Club - Tyler Durden quote:
It was one on many ether loans...
And the answer would have been parried with another two questions:
Did the banks lend them money?
If not, (and the answer is NO) how have they got skin in the game if they received $0 and just an IOU?
He may be a retard but being as you opened with a shot across the bow, his retort might be "You are a dullard".
Read up on some Rothbard or Mises. No wonder this thread is filled with confusion.
Your points boil down to whether or not the family could AFFORD the home.
The points of the interview however are to show how the banks are being unlawful/unethical with their foreclosures.
Different side of the same coin, IMO.
This crap is absolutely hilarious. But then Kramer says its not as important as the BP oil spill
Funny totally hilarious. I sold all 3 properties I owned in 2005. Will I be hunted? LOL.
I wouldn't buy a piece of existing real estate in the US right now with lottery winnings.
I junked the shit out of you.
That shit was funny but we can see the thread = dead.
The Earls are writing a book. "Acquiring Real Estate with NO Munney Down" !
LMAO!
Banks put payments into a suspense account when someone is in Forclosure. Sometimes when they get a check for a Mortgage Payment the put the check in the file uncashed. Until or unless the Borrower brings the balance to the Total that is owed they Money paid will not be applied to the Loan. That is why as she was making payments they were not applied and her balance went up.
I am not sure why the Banks have this proceedure but it seems that once the determine there is a default they will not apply any payments until the Default is completely cleared.
So what you're saying is their attorney is a fool? Why am I not surprised?
Why don't you tell us what drives your contempt for all these people?
because it's fun to be a lying bastard crook(s)!
correct me if I am wrong, isn't the attorney confusing debt and title when he says no one knows who owns property because of securitzation?
The deeds didn't make it into the trusts, but the servicers have the debt agreements they are enforcing. Servicers don't have the deeds either.
Also, I have to feel sorry for the investor that spent the Money to buy this property and the additional $40,000. they put into the home. That Investor is the victem here. If these people have a claim then they should go to the Courts and sue the Bank and not move into a home that some innocent person bought and fixed up. They were not hurting the Bank. I do not think that they will be able to stay in the home as at this point they are trespassing.
It also appears evident that with 5 foster Children that they were using the payments from SSI for those Children to buy the home they lived in. What did they do with all of that SSI Money. Usually get about $400 a month per child. Maybe they just bit of a little more than they could chew with all of those children.
OK, OK, 43 foster kids, oh all right I'll cut her some slack. So WTF were they thinking with a million dollar house! Sneakers and Ipods for 43 kids and they fell behind in mortgage payments. Can't figure why.
Why would you comment on a story that you know nothing about?? She was co-owner of a business. Business slowed down. Income fell off. It happens. But then, they were staying current with the mortgage and making up the payments they missed. That is part of the story. What do your comments have to do with that?
Thank you for pointing out the reality of small biz in amerrrica these days...they were trying to make good....seems to me the bank/etc side wasnt ackowledging their attempts to make good.
Seems to me that the banks/etc should recognize attempts to stay current for what they are, and work with the people, at least they are trying to get the loan to "performing" status. Make that on your books, banksters....
These days, attempts at making good should be recognized, tolerated...lots of us small biz people out there, we want to pay, but sometimes that doesn't quite work out for a bit (fwiw, I am current and paying down a little bit of principle each month, at the expense of a couple hundred/1000 calories, working to NOT be in their situation).
++ RichardP. <A string of characters I never thought I'd type.>
Noted.
Let's see...banks are finally having to deal with the big, giant pile of financial shit that they themselves created....then suddenly a family you can't feel sympathy for makes national headlines as the poster child of the homeowners that are being foreclosed on. So now all the lights go on in everyone's head that this is the typical POS that is getting foreclosed on and the banks are in their rights to get this scum out of their homes.
You bunch of fucking lemmings. By all means lets shove through legislation that gives the banks the right to get these scumbags out of their houses. Our friends the banks were only providing a service that these assholes took advantage of...
It's an oldie but a goodie...start this clip at about 8 minutes in...
http://www.youtube.com/watch?v=CT23f3qq9JI&feature=related
Really great propaganda is all about the framing.
http://www.youtube.com/watch?v=i6hH3roMe4w
You got it #0 .
I can hear the back room talk now. "We gotta find someone that NO ONE will feel symapthy for, play'em 24/7, wall to wall. Book'em on every program and newstand, Make J6P see their face when they hear about a foreclosure...."
Right, Framing, Context, and Visual Meme...
This smells like the North County San Diego beatch who chained herself to her house after massive HELOC withdrawals. Wonder what ever happened to her.
Kabuki theater.
Lady Gaga, the Earls...pick your poison.
Hey,..if you want to "Starve the Beast", you got to stop
p(l)aying, just fucking quit.
Just stop. Nice to see Hannibal.
I think my work here is done. I enjoyed my time. Great work Tyler the Thomas Paine of our times. Best of luck to all.
When the 60's droppouts see what their grandchildren do they are going to go GODDAMN. Now that is dropping out.
Class warfare, with some generational and racial/immigration conflicts too. Haves v. nots, buyers v. squatters, legal v. ethical, TBTF v. nothing left to lose. Methinks this ain't gonna end well, eh?
Divide and conquer is not working in my neighborhood. We all just hate D.C. and Wall St.
That is a big change for some former "my country, right or wrong" types who used to defend the rich. I don't hate the rich, I just accept they are not my allies. I will never again defend them.
Not even if someone puts a lit tire around their neck, rapes their women and sells their children into slavery. You let me down. I owe you nothing.
Entirely pedantic but: excellent use of the word 'tumult' in that piece
Interesting, so the idea is that if everyone decides to say "f' the banks" simultaneously it will have the same (or even more potent) effect as the action taken at the end of that film of fiction TD protagonized [sic]? Intriguing.
Cue the outrage and derision of waves of suckerrrrrs starving their kids for to feed the banks, cuz like the Buick they drive, that's what their daddies told them was just and proper.
FTR: I have no opinion on any courses of action, not giving your last dime to the banksters may cause rectal warts, you don't wanna become the people your parents warned you about, a contract is a contract is a contract signed in blood (inclusive: one pound of your puffy diabetic american GMO'd corn fructose infused flesh) etc etc Have some music:
http://www.youtube.com/watch?v=Dy-KGZzJTrI
"That's awful close, but that's not why; I'm so hard done by..."
Warmest Regards
Wow, well, they didn't own the property, they had trouble keeping up with the payments. The bank, or whoever, muffed up the bookkeeping, and it seems there is no clear owner of either the property of mortgage. Quite the mess.
If the courts enforce this issue of clear title for all mortgages, then we will have an absolute mess on our hands.
Yeah, due process wasn't put into the bill of rights for the sake of convenience. And the property laws weren't written just for the fun of it.
Pay what you owe deadbeats!
Usury shmoozery!
The usury defense is so shallow. These people had a wonderful public education. Our teachers are the best in the world. They knew what they were signing. They took a gamble and lost.
Oh yes, they just knew. No one held a gun to their heads, after all. And the American educational system is second to none (well, mb to Afghanistans)
Appy polly logies, I did not realize everyone in the US had a law degree. I mean, not that you would need one to read the incredibly clear and concise clauses contained in most fine print designed to keep things above board and available to even the simplest of souls. Please continue.
"Appy polly logies, I did not realize everyone in the US had a law degree."
Not quite, 1/2 get a PhD in economics. Can't you see that explains the fact that 1/2 of America can't balance a checkbook?
Sheesh!
Your derisive moniker indicates to me that you may well have gone 'all in' on sour grapes this year; I understand there is to be a bumper crop, yikes.
Can you explain how my moniker is derisive?
Can you explain how it could not be?
Troll
Why?
There might be a good reason. I'm not sure what it is. I'm open to suggestions on why I should.
To whom? Who actually holds the title?
Or is it enough that they just throw the money out the front door on a windy day?
They already threw money out the front door on a windy day by buying the homes they couldn't afford... I found the Ratigan piece sloppy at best.
Reasonably this should apply to the banks too ... no?
It should apply to everybody.
Hi mom
LMAO!
: )
Go Goldie. The bears say Hi!
in an ideal world, yes....
what we find ourselves in, less than optimal, maybe....no....
Funny thing happened on the way to the bank today ....
Just as an FYI I believe their story about the payments being fucked up. I believe them from personal experience. I make my payments in odd amounts on everything based on the month. So Jan mortgage I pay an extra 21 plus, Feb an extra 22 etc etc.
So having decided to say fuck U banks until I see the wet ink they called looking for their fix today. They asked for the amount I normally pay plus the the extra 29 they got last month.
Add this to the fact we spent 3 months going around in circles with the last Mortgage service provider claiming they were owed about 6K in property taxes. Never once did we get anyone competent on the phone nor could we get a full statement from them. In fact they played hard ball and insisted on the full amount plus late fees. I paid it in the end.
I was one of the good debtors. Always paid my debts on time. Never missed a payment etc. So if the escrow fund was short it was an error on their end.
Further, when we were switched to new service provider there were all sorts of fees attached and "we would have to take it up with our old service provider"
In other words they are just debt collectors with last payment information in front of them.
They have no idea who they are representing they have no knowledge of what was paid in the past except what has passed through them since they took over the loan.
Anyone who has an issue with these people fostering 6 kids needs their head examined. You can't take on extra kids unless you really love them or keep them chained in the basement. It's hard friggin' work. If they got paid for it so what?
Me I am content with just one. Nine would put me in an asylum. So my hat is off to those people for standing up to the bank.
+10
Bravo. You have to stand up to the banks. We were being put into escrow and dunned fees for a three year old non-payment of property tax, county tax office database error. Of, course, being Cook County, they refused to give us a letter stating it was their data-entry error that caused the problem. Every time our mortgage was sold, the new service firm would ding us. I got their attention by stating the problem and billing them $375 a hour for legal research to produce documentation proving their error. They quickly jumped their docs research firm and stated we did not owe any additional tax or fees.
I found that by asking for the name of their accounts payable manager and attorney, they got serious in a hurry. That was before this Noah's flood of fraud broke, back in the time of pervasive incompetence.
Stick to your guns and if you are in the right, make sure and then go ahead. That's what Davy Crockett said to do, pre-Alamo days.
it is sad, that, that is way we have to go these days, to be right and honest.
I smell a Waco in 5, 4, 3, 2...
What we need is about 10,000 Wacos.
Except the buildings and people that burn should be large bank and government buildings, and the predators-that-be.
Probably best the gov doesn't try...I think there's plenty of folks looking for a chance to show their displeasure.
She made a $100,000 lump sum payment and the bank said they flushed that and she owes the same amount? WTF?
DO NOT LISTEN TO THAT WOMAN! SHE IS A DEADBEAT AND A SQUATTER! HATE THEM AND ANYBODY LIKE THEM. YOU MUST DO THIS IF YOU KNOW ANYTHING ABOUT RIGHT AN WRONG.
/sarc
Suddenly everything is clear. I don't know why I was ever troubled. Double-thought for the win.
/sarc
End fiat "money".
End the FederalReserve.
End FractionalReserveBanking.
End all large financial institutions.
End slicing, dicing and packaging of paper instruments.
Translation: END USURY
Perpetual usury off of fractionally-reserved fiat money to be exact...
No need to get anti-semitic ;), take away usury from a jew and what u have left ? an empty garnment
This is dramatic stuff - a sort of mutated communism by stealth in the good ole USA.
The radical in me wants to see goverment fiat / 100% reserve banks that will destroy the credit institutions forever yet my little conservative feels that gold backed money would be best even though it would give a lifeline to the bankers as I beleive ultimate money power in goverments or banks hands corrupts.
Any ideas about a hybrid system ?
Double debit , produce more credit.......
That's like the fourth time today I've seen someone equate this shit storm with "communism"
What is that about? I feel like I understand my "ism"s as well as anyone, and communism never once crossed my mind.
What I am seeing here is a kind of Feudalism. The Trusts and TBTF superBanks as hereditary Lords under the Central Bank acting as King, holding title and then sub-enfeudiating the loan servicers, the latter allowing the serfs to work the land as slaves forever. Throw in a vile, fat Sheriff swaggering around and you half expect Robin Hood to jump out from behind a bush.
The old wars are over. A new war approaches. Get your game on, because I promise you the Banks are way ahead already.
In your feudalism analogy, which I like, this story would be one of the ever-threatened peasant revolts. Usually put down with total ruthlessness.
Serf's Up !!
I would tend to agree.....BUT, today's "peasants" are armed to the teeth.
Fair enough cougar you have a point and I am really with you on this but I did not say communism per say but something a bit different.
I was just thinking of ownership rights and the rule of contract law - I have my doubts now that western courts or any courts for that matter would rule against the banks now - it would be akin to judges defying the state back in the good old red days.
Besides maybe up really is down and black is white - if you are a blind man falling can you really tell ?
I know blind people and they definitely know that which is up; falling, at rest, no matter what. They are on guard for what is up and what is right.
You mean like this...........
although to be fair this man was not even blind.
www.youtube.com/watch?v=MQ7N6V-YKJ8
I think I'm with you now. The collusion of State and Courts to protect the power structure does have some superficial resemblance to the Communist states of the recent past, and China today. You just cannot go up against the State and the Courts and win.
You could as easily recognize Fascism in all that. Or Feudalism as I mentioned. They are all about protecting TPTB regardless of their other features. We live in an era of managing expectations, the little guy expects to lose -- always. And we have, and I suppose we shall continue.
@cougar_w...damn, you always have the alternative shit veiw, +1000, guess this explains why cats love me and I love cats...plus, if I "amembers" correctly, you are a biologist, or whatever, and KNOW, the natural order of things and how they work, a meme I am presently pursuing, predator that I might be....:)
What must be understood is this. The only reason we need any "system" is to satisfy the need to save "wealth" and to exchange "wealth". And when I say "wealth", I mean "real, physical, valuable goods", not any kind of fiat paper, and not any kind of receipts for real goods. PERIOD.
The crucial point is this. At no point can an honest system accept, support or justify any form of fiat money, fiat anything, paper receipts for real goods, etc.
Or said directly, at every point wealth, savings and exchange must be real, physical, valuable goods, and at no point can it be allowed to insert any form of "value substitute" or "value representation" into the system. If any non-real, non-physical substitutes or representations are allowed, the endless craven hyper-predators who operate under the cover of smoke, mirrors and endless fictions like banks, central banks, financial institutions and governments will tax, print, create, regulate, manipulate and otherwise lie, cheat and steal their way into [near] total control of everyone and everything on earth... as they have done to the point of destroying the entire world economy and any chance for honesty, ethics, justice, liberty, individualism.
To be sure, gold is the best medium for savings and exchange. However, everyone is free to save whatever real, physical good they wish to attempt to hold the value they earned (and possibly increase their wealth if they chose wisely). So understand that a "gold standard" is simply a "standard", which is to say, what everyone most easily understands the appropriate exchange rate for other goods. Everyone is free to save and exchange gold, silver, platinum, palladium, nickel, vanadium, diamonds, lumber, figs, eggs, wheat, tomatoes, gasoline, back-scratchers or anything else.
In other words, the "gold standard" is simply another name for "honesty" and "ethics" and "justice" and "liberty" and not letting predators rule earth through the creation and manipulation of utterly fictional paper non-assets.
There can be no alternative system that is honest or ethical, because all other systems are simply scams that benefit predators at the expense of producers.
In gold we trust.
In silver we trust.
In platinum we trust.
In palladium we trust.
In every real, physical, utilitarian good we trust.
In fiat we despise.
In fiction we despise.
In central banks we despise.
In so-called authority we despise.
In fractional-reserve anything we despise.
In every form of predator-that-be we despise.
The only solution is... get real... and stay real.
+ ((10)**10)**10
Market system. No legal tender laws. Let people trade whatever they hell they want. Eventually, the market will settle on a fitting numéraire.
I am ashamed of most of ya.
You did not listen to her story..she was making payments and trying to work it out.
The bank was trying to force them out.
So, if you are a day late with a c-card payment you get penalized by the banks. This is in the contract.
The banks f-d up with MERS and they will pay.
The train left the station already to late now.
Notes on homes registered with MERS are uncollaterialzed debts at best.
sue me pricks!
Exactly. Unsecured debts. When the owners of those debts are identified, they should be entitled to the usual means of collecting them.
What's wrong with that?
yup then the fun begins.
Because then we will find out that house was leveraged 50 times and sold to the world ...
My guess..
MBS are one big ponzi that has gone into full reverse
+10.
We are hearing similar stories more and more. Like the folks who get into the loan mod program, the servicer gets the gubbermint money for granting it, then after 90 days, they get booted out of the program by the banksters.
The greedy banks made this bed, now they get to sleep in it (assuming that money does at least take naps).
Thank the teleprompter in chief for starting the class warfare, and the greedy banksters who took bailout money and then paid themselves big bonuses based on fantasy accounting. The American people are angry about the state of country, and the banksters are as good a group as any to feel the wrath (after the politicians are removed in 3 weeks).
People who don't pay their mortgage should be foreclosed on. Banks should follow the laws, and if they don't, slap the cuffs on them. Submitting forged docs to the court should result in someone staying at the Graybar Hotel.
Good for the Earl's. I hope they are on every news cast across the country. This will get the too big to jail ratbastards to start cleaning up their mess.
Jump you fuckers!
I can't stop myself:
http://www.youtube.com/watch?v=yge311sFhC8
Does anyone remember some footage of a black woman shouting "now we don't have to pay our mortgage no mo" on the eve of the election of Obama? Do you you remember rolling your eyes?
Well the eyes are rolling on the other foot now.
Jesus zeno - she was a Genius and I seem to remember smarty pants Denninger taking the piss out of that woman (not literally of course , at least I hope not)
Double the debit again, can we quadruple the credit ? .........
Ben get back here bitch ,we need more credit to lift my libido - I mean the economy.
Print baby print - Ah the printing press , who could have thought that wealth creation could be so easy.
No, I don't remember anything of the kind. Since it makes no sense to me, I'm wondering if I missed some kind of humor. But surely something like that must have been saved in the archives by the ACORN Conspiracy crowd--got a link to the video?
For your viewing pleasure Bob
http://www.youtube.com/watch?v=k1FCmfo2Ft4
... and for the record it is Obama paying for her gas AND her mortgage.
Damn, sociopathy among the little guys. Still, that's effd up. Wow.
She forgot the tax bill, doctor's bills, and the grocer's tab.
also her down below needs...
say what???
http://www.youtube.com/watch?v=P36x8rTb3jI
When I first saw that, I thought it was a joke clip, like this one:
http://www.youtube.com/watch?v=rRwbPPcZLQY
Seems to be a matter of interpretation. If you operate from the stereotype that she's a welfare queen, then it means one thing. If you assume that she means that she expects to get more respect in the world and, as a consequence, to have better opportunities that will improve her standard of living, it means quite another.
I don't have a clue. It could be either way.
What she was actually saying was: "I don't have to worry about putting gas in my car no more, I don't have to worry about paying my mortgage, Obama gonna help me..."
I suppose there's some room for interpretation. It's obvious to me that this poor sucker believed Obama was going to do something to help the plight of the lower/working class Americans. There were some speeches given that did imply such efforts would be made if he became President, but most long-time viewers of the teevee series known as National Politics don't take the advertisements too seriously.
To watch that clip and think that she's saying she's going to stop paying for anything because Obama won the election...well...I don't think there was anything changing your view there. The perspective predates the clip.
You have to hand it to Obama, he actually delivered on a campaign promise.
Don't let your racist view get in the way of listening to what she actually says. She says she will not have to worry about paying". She does not say she will not have to pay. She follows that up with "If I help him, he will help me." In my opinion, that is a pretty reasonable way for a person to look at who they want to vote for. It just does not appear that it worked out the way she was expecting.
v.nice analysis +(100!)!
This family and their attorney may be full of beans. I don't know. The issue that concerns me is, what happens when Mr. and Mrs. America decide, "Fuckit. There's no point to playing by the rules anymore."
When you think about it, a lot of what we do every day depends completely on people more or less playing by the rules. How would you drive your car if you weren't sure the other guy would stop at a red light or stay on his right side of the road? When you put your money in the clown's mouth at the drive-thru, you get a burger and fries at the next window. Almost without fail, in the morning you find your car exactly where you left it the night before. Why? Because almost everybody plays by the rules.
My oversimplified understanding is that the Soviet Union collapsed because one day, at long last, nobody showed up in the morning. They all said, "Fuckit." I think most people, and certainly most ZH readers, have known for a long time that the top dogs of the power elites (financial, political, etc.) didn't have to play by the rules, but there were some niceties observed. Now it seems even they didn't really even care about that last little shred of a fig leaf.
Most of us play by the rules even when it doesn't seem to help us that much, either out of habit, cowardice or even pride. What happens when the pride seems like a cruel joke on us, the habit is clearly self-destructive, and frustrated anger overwhelms the fear? What happens when the plurality of us says, "Fuckit?" There's a lot more of us than there are of "them." They can't arrest everybody. And then what happens, the day nobody shows up?
I can see it now on reality tv...
McMansion Foreclosures
Actually here in Florida, people have been torching their McMansions.
Of course it was an "electrical problem".
In Detroit, all the electrical is stolen. Commodities bubble indeed.
The american people are to blame for putting up with this shit. Look at France 3.5 Million on the streets protesting. YA'LL NEED A ROLE MODEL... maybe the people will give a shit when the ATM stops spitting out money.... other than ZH... you are all sheep grazing on the pasture of mass media.......bhaaa.. bhaaa... bhaaa...
bhaaa...
Why is MSNBC/Ratigan (the mainstream media) being allowed to speak so much truth?
Ratigan is in the unique position for MSNBS of actually being more than just a teleprompter reading buffoon(yes, that's why they're all so fond of Barry, one of their own made it to the top). He knows what he's talking about when it comes to this sort of thing. Besides, he'll make up for the sin of truth with the other 45 minutes of his show and the network's other 23 hours.
It's all part of the Hegelian Dialectic: thesis, antithesis, synthesis. In other words, create the problem, and then, offer the "solution." The "powers that be" want citizen outrage at this time. They/we have been seasoned and sauteed. Now it's time to turn up the heat so that the days/months/years of conditioning will bring out the desired response: anarchy and/or revolution. This will bring about their desired New World Order...all in the guise of fixing the problem but all it will do is help execute the pincer move that much faster. This next sentence is somewhat tangential but, diabolical geniuses always have those "aces of spades," a la Napoleon and Mr. Pilkington.
The fate of the world is now in the hands of two little hobbits...
Axelrod and Rove?
If at some point you had a $880K loan and then later you owed nothing due to some screwup by the bank, wouldn't you incur $880K of ordinary taxable income?
Define "income." ;-)
If you had some paperwork to prove there was a loan maybe :)
Indeed you would, just like completing a short sale has the IRS sending you a bill for capital gains on the difference you just "negotiated down". Your former cost basis (Cost) less (Forgiveness) = a capital gain.
And so by this logic, the Federal Reserve, et al is billable for the diminished value of your domicile, per local county tax assessment roles. Excellent documentation there, who can argue with the local assessor? Volker has called the FED on neglect and expert worthies like James Grant are on pblic record stating the FED is author of this crisis. Their neglect and malfeasance is not protected by Humphrey Hawkins or any other law. They are responsible and so liable. So bill'em for the diminished value and when they decline to pay, you have a bad debt to give to the IRS.
I was going to jump on the "screw the deadbeats" bandwagon, but... If they made baloon payments for months and the bank not only refused to credit their account and provide correct accounting on the funds, I have to go with the breeders on this one. I know thatwhen the fracking bank plays games with my checking account I get the "time to go postal" vibe going. You see, I keep only what I need in the bank to make the payments I know are going out and a couple of hundred more just in case. BoA has a nasty habit of posting debits as "pending" when I get under $500 balance and sit on it for days. One time I totally forgot a payment that was going out, I was airport hoping so didn't check my balance and instead of bouncing it, they paid and then applied the "pending" debits that night. All in all I was out $350 in late fees for stuff that should had posted a week before (note that the original overdraft would have been for $3 dollars plus a $35 late fee) and then they had the balls to send me an email the day after they charge my account to warn me I was overdrawn. I still deposited the damn $350 plus to cover but images of bankers burning at the stake still plague my wet dreams.
As a customer, I used to see BoA do the same thing with my account, with the kicker that they would not credit actual deposits to my balance until they rearranged the order of previously cleared debits in a way that imposed bogus overdraft fees that then wiped out my deposit when they applied it, leaving me with a negative balance. They're notorious for it.
When I went to my branch and talked with a customer service rep, she finally admitted that it is wrong, happens all the time, that she is in deep shit if she exercises her supposed authority to untangle the mess and eliminate the bogus fees, and that she feels like shit about having to do it to people to keep her job. She added that she and a friend frequently commiserate about the degradation they feel.
I closed my account, of course.
I couple months later, she appeared as my waitress at happy hour and was happy to report that she had quit the bank to save her soul.
Screwball attorney has already got himself arrested.
http://www.msnbc.msn.com/id/39660038/ns/local_news-orange_county_ca/3965...
Same attorney?
Perhaps I misunderstood Dylan, but the point of this story seemed to me to be about foreclosuregate being a way to force banks to acknowledge the breadth and depth of the SHIT steaming on their balance sheets.
Most on this board agree that the TBTF's need to be nuked or they will suck the last drop of blood from the dying corpse of the American middle class. Investigations in 50 states, supeonas flying all around, MIGHT just give us the weapon we need.
This story, to me, is not about that family or whether or not they were gaming the system, it's about finally catching an opening to disembowel the monsters on Wall St.
Forget the "squatters" and keep your eyes on the ball!
+ Goal!
+1000
Stop! Go away! I don't have enough time to email all this good shit to all the people I know! I'm being firehosed with bah-rilliant shit that most people I know can't even comprehend.
Purple dress shirts. Suddenly the girls at the department store no longer want to fuck you.
Hahaahaha!