Apr
05
Matt Stoller | Fighting Over the American Home: Handcuffs versus Hope and Change
Fighting Over the American Home: Handcuffs versus Hope and Change Matt Stoller is a fellow at the Roosevelt Institute. You can follow him on twitter at http://www.twitter.com/matthewstoller Over the past four years, we’ve watched as public officials pushed financial and legal power to the large banks – the latest episode in this saga was the … Read more
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Apr
05
Matt Stoller | Fighting Over the American Home: Handcuffs versus Hope and Change
Fighting Over the American Home: Handcuffs versus Hope and Change Matt Stoller is a fellow at the Roosevelt Institute. You can follow him on twitter at http://www.twitter.com/matthewstoller Over the past four years, we’ve watched as public officials pushed financial and legal power to the large banks – the latest episode in this saga was the … Read more
Related posts:
Nov
14
No Rule Of Law, Cities Lie, Cheat and Steal
The Market Ticker – No Rule Of Law, Cities Lie, Cheat and Steal This is what the lack of a rule of law produces. Cities and states across the country are using money designated for specific purposes—such as fixing roads or sewers—in order to fill financial holes elsewhere, according to public officials and records. … Read more
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Oct
30
Is the Jig up for MERS?
The Mortgage Electronic Registration System (MERS) has been the target in a lot of lawsuits during the mortgage crisis for its shoddy, opaque practices. But because these suits tend to be brought by borrowers in default, the courts have been willing to stretch the law to dismiss plaintiffs' claims. Something new is going on now. The Delaware Attorney General on October 27 sued MERS, a Delaware corporation, for deceptive trade practices for sowing confusion among investors and consumers and running an extra-legal registration system riddled with errors. The Delaware AG, Beau Biden, son of the vice president, is invoking the importance of transparent recording of property interests as a central part of American democracy since the colonial era. Some other AGs and other public officials are pursuing similar legal theories. The argument is that nothing is more important to our democracy than secure property rights recorded in transparent public records, and that the mortgage industry should not be permitted to take this away from us. To read about this new development, visit the Delaware Department of Justice web site, at http://attorneygeneral.delaware.gov/
May
30
FLORIDA- #1 IN THE COUNTRY FOR OFFICIAL CORRUPTION!
Hey these are tough times and we all need something to cheer for right? Well, there’s not much to cheer for in this country or in this state…in fact, things are worse than ever and getting worser. (yeah i know, bad grammar, but hey, it’s early)
As Americans were always looking for comparisons, to see where we stack up to everyone else. Now I know Florida is corrupt, hell, we all know. I mean, we’ve got a role model for corruption sitting in the governor’s mansion, and like the press has talked about ad nasueum, he’s running our state like a criminal enterprise, ignoring public records requests and keeping the press and the voters in the dark about just about everything. Who knows what dirty deals this guy is creating while flying around in his private jet like Lex Luther….but then, you elected him.
And then there’s the President of the Senate, Haridopolus, that world renowned author who wrote a best selling book on Good Government and got paid boatloads of cash….actually the book wasn’t nearly best selling, but he did get paid boatloads of cash. The next powerful cat in the state is Dean Cannon, Speaker of the House. He’s not a straight shooter either, but then….you elected him.
So the allegations of fraud and corruption run rampant in this state and it’s hard to keep them all straight, and we wonder….is Florida as bad as famously corrupt Illinois, New Jersey, Louisiana? How do we stack up? Well, it’s hard to know exactly, but I think Florida with all of it’s drunken, heat stroked voters makes a pretty good case for being the MOST CORRUPT STATE ON THE PLANET….
Why the Sarasota Tribune did a whole neato article on it and found…
More than 800 public officials were convicted in Florida on various charges between 1997 and 2007, making Florida the top state for government corruption, according to the grand jury.
It stretches from coast to coast and muddles everywhere in between…..
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Jul
27
Demonstrations in the Street
I’ve always been puzzled by the lack of action and reaction of the public to the mortgage crisis. As I write this, it gets worse, more people lose their homes, more homes are beset by adversary relations between family members, more alcohol abuse, more spousal abuse, more child abuse, more anxiety, depression, divorce and grief. This was all done TO the people not BY the people. Tens of millions of people did not wake up one morning in 2001 with a plan to obtain fraudulent mortgages, with fraudulent appraisals, based upon non-existent income.
In the article below, you see how people can get things rolling by forgetting the ideology and getting with the program: this could not have happened without Wall Street running wild, without incentives to create bad mortgages, and without the tacit or express complicity of the federal Reserve and other U.S. agencies. How about letting them know you don’t like it? The Constitution allows for freedom of assembly and freedom of speech. Don’t let the oppressive tactics of the opposition stop you from using your constitutional rights.
By the way, this one led to immediate results. Read the article and then go to the follow-up at Resignations, Investigations and Salary Cuts of 90%
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Protesters incensed by Bell officials’ high salaries visit mayor’s business, home [Updated]
July 25, 2010 | 12:31 pm
Residents irate over the high salaries hauled in by their public officials marched Sunday to the businesses and homes of the mayor and City Council members.
A boisterous crowd of more than 200 gathered at the corner of Gage and Corona avenues. Several were wearing T-shirts featuring a city seal and the words “My city is more corrupt than your city.”
Their first stop: Oscar’s Korner Market and Carniceria, owned by the mayor, Oscar Hernandez. They then moved on to the mayor’s house, near Florence Avenue, then to a home on Otis Avenue owned by City Councilman George Mirabal.
At the stops, protesters maintained a moment of silence and then shouted “Fuera!” — “Out!” Dozens of cars honked as they passed and offered thumbs-up, though one man stopped, defended the city officials and challenged a protester physically.
“I don’t think they are taking it seriously. And we’re serious,” said Nestor Valencia, 45, an organizer of the demonstration, a Bell resident since 1975 and a founder of the Bell Resident Club. “They need to resign.”
Bell is a working-class city of 40,000 residents. The Times revealed earlier this month that City Manager Robert Rizzo received a $787,637 annual salary, Assistant City Manager Angela Spaccia received $457,000, and Police Chief Randy Adams received $376,288. Rizzo earned more than President Obama, Spaccia earned more than the top administrator for Los Angeles County, and Adams earned 50% more than Los Angeles Police Chief Charlie Beck.
All three resigned on Friday.
Four City Council members are paid close to $100,000 annually for their part-time positions — sums that are far higher than in other cities of comparable size and which have baffled and upset the League of California Cities and other local government organizations.
“This is a test for our community,” Valencia said. “There’s been a fiasco here.”
Hernandez, in particular, Valencia argued, represented “a culture that is not our culture.”
“It is a culture of rule-breaking,” Valencia said. “It is a culture of nepotism. … He thinks he can do anything because he is the mayor.”
Hernandez could not be reached for comment.
[Updated at 12:48 p.m.: Bell police have estimated the crowd at between 200 and 300.
Demonstrators have visited the residences or businesses of the mayor, the vice mayor and two City Council members -- all of whom they want to resign.
The crowd also stopped at a Chevrolet dealership, long a fixture on Atlantic Avenue, that shut its doors weeks ago, citing burdensome property taxes. Demonstrators are now approaching City Hall, their final stop.
"This city has woken up," said Jesus Casas, 35, a Bell resident for 15 years. "We want a new city government that will represent by the people and for the people."]
Filed under: foreclosure
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