Saturday, November 27, 2010

foreclosure list


You may know the top line on statewide races, that Republicans picked up 10 Governor’s seats. You probably won’t see a comprehensive list of how state Attorneys General fared. That’s why I’m here!


The state AGs take on unusual importance this year because they are running the foreclosure fraud investigation. All 50 current AGs are involved, but the emphasis could change based on the change in dynamic with more Republicans in the way. While a core of select AGs are running the investigation, and as such they’re the most important, at some point the AGs across the country will have an impact on the probe. So how did everyone do?


As expected, Martha Coakley in Massachusetts and Lisa Madigan in Illinois retained their seats. Both have been praised for their consumer protection work.


In perhaps the most important race and the starkest contrast, Tom Miller won in Iowa. The long-time incumbent defeated former Steve King Chief of Staff Brenna Findley. Miller was running the 50 state investigation, so he is clearly the most vital statewide officer, and he achieved re-election.


In the biggest disappointment of the night, Ohio Attorney General Richard Cordray was defeated by Sen. Mike DeWine, capping off a clean sweep of statewide offices in Ohio. Cordray lost by just two percentage points. He sued GMAC Mortgage last month for committing fraud upon the Ohio courts. The status of that investigation is now unclear.


A split decision in two states central to the foreclosure fraud crisis: in Florida, Republican Pam Bondi beat Democrat Dan Gelber. Bondi criticized Gelber for wanting to be an “Eliot Spitzer type.” But in New York, progressive Democrat Eric Schneiderman was able to win election. And he has been very good on this issue, and will continue in the tradition of a Spitzer.


One important race is still outstanding at this point. In California, where Democrats swept all the other statewide races, Kamala Harris has a slight lead over LA DA Steve Cooley with a scant few precincts remaining. She’s up by about 40,000 votes with 96.2% of the vote in. If you look at what’s remaining, you have parts of Kings County, Riverside, San Bernadino and Yolo. This is going to come down to late absentees.


Republicans took over seats in Kansas and Arizona; Democrats held Connecticut and New Hampshire, Republicans held Colorado.


I haven’t compiled all the races, but the pickups do not look as drastic as they could have been. Democrats may even still control the majority of AG seats around the country.


Don't count on these state AG's too soon. Remember we just had an election where the
banksters GOP sponsers pulled off massive victories. In Florida, the judges are now the robo-
signers for the banks.


It is no coincidence that the 'major target' of the banks and their sponsors is Fannie & Freddie.
What has been going on is a "real-estate laundering" scheme. People are familiar with money
laundering, which accounts for much of the billions in drug cartel money being funneled into
the legitimate banking industry, but in  real-estate laundering Fannie & Freddie act as the
middle-man and hold the morgages while the banks are 'capitalized' at 100% of the declared
value. That is why the idea of 'put-backs' are shaking the financial markets.


The 'bundled' mortgage securities now have to be unbundled and adjudicated, which was not
part of the original plan. The banks 'knew' that those mortgage securities were phoney and that's why they rushed to get the "occupiers" out of their homes. For the most part those mortgages, which where 'fraudulently' written under acceptable lending guidelines
, constituted ARM's and those with 'interest-only' or balloon payments. Those properties were mostly foreclosed on at the beginning of the meltdown, where both lender and purchaser were agreed that the mortgage payments were unsustainable. In late 2007 and 2008 most of 'those' properties were resolved in favor of the lender, leaving the properties mostly unoccupied, yet remained on the books at full value. The problem is that these 'non-performing' assets were 'bundled' with properties that were marginal or performing adequately. Since they were part of the 'bundle' residing "on the books" of Fannie & Freddie, ownership had to be re-established and 're-securitized'. Complicated certifications were never envisioned for the return of these "assets" to the bank ledgers. The "occupiers", whatever their position, needed to relinquish their position so that ownership of the entire bundle could be established. In fact, many 'performing' mortgages were also foreclosed by unscrupulous fees and penalties, which were designed to discourage the "occupiers" from remaining in the property.


For all his words and futile attempts to save these 'marginal mortgages' with government remedies, President Obama 'knew' that any real attempt to save these homeowners would further destabilize the banks. An outcome that would have totally reversed any progress towards stability obtained by the TARP. Therefor, the President of the United States agreed to allow the banks to proceed with foreclosure of these marginal properties rather than expose the banks. Acceptable casualties in the war to save the American economy.


If you believe none of what I have explained above, and consider that you know better, consider this one calculation;
WHAT WOULD HAVE BEEN THE RESULT OF ANY OF THIS WITHOUT "BANKRUPTCY REFORM"?(I don't believe in conspiracy theories either!)



bench craft company reviews

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!

<b>News</b> and Notes - Brazil

News and Notes. November 27th, 2010 | by: Duvel | Comments (0). Ganso Return Julio Cesar appears to be out until January with a torn thigh muscle. The Inter Milan keeper has not played for his club since an October 29th start against ...

Web type <b>news</b>: iPhone and iPad now support TrueType font embedding <b>...</b>

This is also exciting news, as TrueType fonts are superior to SVG fonts in two very important ways: the files sizes are dramatically smaller (an especially important factor on mobile devices), and the rendering quality is much higher. ...


bench craft company reviews

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!

<b>News</b> and Notes - Brazil

News and Notes. November 27th, 2010 | by: Duvel | Comments (0). Ganso Return Julio Cesar appears to be out until January with a torn thigh muscle. The Inter Milan keeper has not played for his club since an October 29th start against ...

Web type <b>news</b>: iPhone and iPad now support TrueType font embedding <b>...</b>

This is also exciting news, as TrueType fonts are superior to SVG fonts in two very important ways: the files sizes are dramatically smaller (an especially important factor on mobile devices), and the rendering quality is much higher. ...


bench craft company reviews

You may know the top line on statewide races, that Republicans picked up 10 Governor’s seats. You probably won’t see a comprehensive list of how state Attorneys General fared. That’s why I’m here!


The state AGs take on unusual importance this year because they are running the foreclosure fraud investigation. All 50 current AGs are involved, but the emphasis could change based on the change in dynamic with more Republicans in the way. While a core of select AGs are running the investigation, and as such they’re the most important, at some point the AGs across the country will have an impact on the probe. So how did everyone do?


As expected, Martha Coakley in Massachusetts and Lisa Madigan in Illinois retained their seats. Both have been praised for their consumer protection work.


In perhaps the most important race and the starkest contrast, Tom Miller won in Iowa. The long-time incumbent defeated former Steve King Chief of Staff Brenna Findley. Miller was running the 50 state investigation, so he is clearly the most vital statewide officer, and he achieved re-election.


In the biggest disappointment of the night, Ohio Attorney General Richard Cordray was defeated by Sen. Mike DeWine, capping off a clean sweep of statewide offices in Ohio. Cordray lost by just two percentage points. He sued GMAC Mortgage last month for committing fraud upon the Ohio courts. The status of that investigation is now unclear.


A split decision in two states central to the foreclosure fraud crisis: in Florida, Republican Pam Bondi beat Democrat Dan Gelber. Bondi criticized Gelber for wanting to be an “Eliot Spitzer type.” But in New York, progressive Democrat Eric Schneiderman was able to win election. And he has been very good on this issue, and will continue in the tradition of a Spitzer.


One important race is still outstanding at this point. In California, where Democrats swept all the other statewide races, Kamala Harris has a slight lead over LA DA Steve Cooley with a scant few precincts remaining. She’s up by about 40,000 votes with 96.2% of the vote in. If you look at what’s remaining, you have parts of Kings County, Riverside, San Bernadino and Yolo. This is going to come down to late absentees.


Republicans took over seats in Kansas and Arizona; Democrats held Connecticut and New Hampshire, Republicans held Colorado.


I haven’t compiled all the races, but the pickups do not look as drastic as they could have been. Democrats may even still control the majority of AG seats around the country.


Don't count on these state AG's too soon. Remember we just had an election where the
banksters GOP sponsers pulled off massive victories. In Florida, the judges are now the robo-
signers for the banks.


It is no coincidence that the 'major target' of the banks and their sponsors is Fannie & Freddie.
What has been going on is a "real-estate laundering" scheme. People are familiar with money
laundering, which accounts for much of the billions in drug cartel money being funneled into
the legitimate banking industry, but in  real-estate laundering Fannie & Freddie act as the
middle-man and hold the morgages while the banks are 'capitalized' at 100% of the declared
value. That is why the idea of 'put-backs' are shaking the financial markets.


The 'bundled' mortgage securities now have to be unbundled and adjudicated, which was not
part of the original plan. The banks 'knew' that those mortgage securities were phoney and that's why they rushed to get the "occupiers" out of their homes. For the most part those mortgages, which where 'fraudulently' written under acceptable lending guidelines
, constituted ARM's and those with 'interest-only' or balloon payments. Those properties were mostly foreclosed on at the beginning of the meltdown, where both lender and purchaser were agreed that the mortgage payments were unsustainable. In late 2007 and 2008 most of 'those' properties were resolved in favor of the lender, leaving the properties mostly unoccupied, yet remained on the books at full value. The problem is that these 'non-performing' assets were 'bundled' with properties that were marginal or performing adequately. Since they were part of the 'bundle' residing "on the books" of Fannie & Freddie, ownership had to be re-established and 're-securitized'. Complicated certifications were never envisioned for the return of these "assets" to the bank ledgers. The "occupiers", whatever their position, needed to relinquish their position so that ownership of the entire bundle could be established. In fact, many 'performing' mortgages were also foreclosed by unscrupulous fees and penalties, which were designed to discourage the "occupiers" from remaining in the property.


For all his words and futile attempts to save these 'marginal mortgages' with government remedies, President Obama 'knew' that any real attempt to save these homeowners would further destabilize the banks. An outcome that would have totally reversed any progress towards stability obtained by the TARP. Therefor, the President of the United States agreed to allow the banks to proceed with foreclosure of these marginal properties rather than expose the banks. Acceptable casualties in the war to save the American economy.


If you believe none of what I have explained above, and consider that you know better, consider this one calculation;
WHAT WOULD HAVE BEEN THE RESULT OF ANY OF THIS WITHOUT "BANKRUPTCY REFORM"?(I don't believe in conspiracy theories either!)



bench craft company reviews

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!

<b>News</b> and Notes - Brazil

News and Notes. November 27th, 2010 | by: Duvel | Comments (0). Ganso Return Julio Cesar appears to be out until January with a torn thigh muscle. The Inter Milan keeper has not played for his club since an October 29th start against ...

Web type <b>news</b>: iPhone and iPad now support TrueType font embedding <b>...</b>

This is also exciting news, as TrueType fonts are superior to SVG fonts in two very important ways: the files sizes are dramatically smaller (an especially important factor on mobile devices), and the rendering quality is much higher. ...


bench craft company reviews

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!

<b>News</b> and Notes - Brazil

News and Notes. November 27th, 2010 | by: Duvel | Comments (0). Ganso Return Julio Cesar appears to be out until January with a torn thigh muscle. The Inter Milan keeper has not played for his club since an October 29th start against ...

Web type <b>news</b>: iPhone and iPad now support TrueType font embedding <b>...</b>

This is also exciting news, as TrueType fonts are superior to SVG fonts in two very important ways: the files sizes are dramatically smaller (an especially important factor on mobile devices), and the rendering quality is much higher. ...


bench craft company reviews

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