www.therealnews.com (transcript)
Michael Hudson on Reagan Centenary: Creating an economy for predators is not respect for a free market
Housing
Plunder: The Crime of Our Time
Danny Schechter (www.newsdissector.com) at hsf ISWIradio, Ilmenau, Germany, 04. June 2007 (Photo credit: Wikipedia)
www.plunderthecrimeofourtime.com
Plunder: The Crime of Our Time is a hard-hitting investigative film by Danny Schechter. The “News Dissector” explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed.
First Earth: Uncompromising Ecological Architecture (2009)
https://dandelionsalad.wordpress.com/
redpharmacist | February 15, 2009 Continue reading
ForeclosureGate Could Force Bank Nationalization by Ellen Brown
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
November 5, 2010
For two years, politicians have danced around the nationalization issue, but ForeclosureGate may be the last straw. The megabanks are too big to fail, but they aren’t too big to reorganize as federal institutions serving the public interest.
In January 2009, only a week into Obama’s presidency, David Sanger reported in The New York Times that nationalizing the banks was being discussed. Privately, the Obama economic team was conceding that more taxpayer money was going to be needed to shore up the banks. When asked whether nationalization was a good idea, House speaker Nancy Pelosi replied:
Kucinich Announces Protection for Homeowners
https://dandelionsalad.wordpress.com/
by Congressman Dennis Kucinich
Washington, Oct 21, 2010
Legislation Will Create Accountability for Banks who Race to Foreclose Without First Attempting to Work With Troubled Homeowners
Congressman Dennis Kucinich (D-OH) today announced that he is preparing legislation to force lenders to halt foreclosures of owner-occupied residential homes until lenders have certified that they have complied with their contractual obligations to try to reduce eligible borrowers’ monthly payments, using one of several government-sponsored foreclosure prevention programs.
Keiser Report: Episode 87: Ellen Brown on Foreclosuregate
with Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
October 19, 2010
This week Max Keiser and co-host, Stacy Herbert, look at the full scale currency war launched by the “tomb maker” and at hiring hair stylists as scabs to cross the bankers’ picket line. He also talks to Ellen Brown about Foreclosure-gate.
Why I Loathe The Democrats by Philip A. Farruggio
by Philip A. Farruggio
Featured Writer
Dandelion Salad
October 17, 2010
You know, all I hear from friends and street corner protest colleagues is how we should fear the Tea Party and the Republicans. I agree… Those people are either A) Corrupt to the core or B) Total fools who go against their own best interests. Yet, what about those who should know better? Those who see truth and know what should be done, but….
The Stimulator: Right is Wrong
Time to Break Up the Too-big-to-Fail Banks? by Ellen Brown + The Daily Show: Foreclosure Crisis
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
October 15, 2010
Looming losses from the mortgage scandal dubbed “foreclosuregate” may qualify as the sort of systemic risk that, under the new financial reform bill, warrants the breakup of the too-big-to-fail banks. The Kanjorski amendment allows federal regulators to pre-emptively break up large financial institutions that—for any reason—pose a threat to U.S. financial or economic stability.
Although downplayed by most media accounts and popular financial analysts, crippling bank losses from foreclosure flaws appear to be imminent and unavoidable. The defects prompting the “RoboSigning Scandal” are not mere technicalities but are inherent to the securitization process. They cannot be cured. This deep-seated fraud is already explicitly outlined in publicly available lawsuits.
Prof. Michael Hudson: The Long Collapse
https://dandelionsalad.wordpress.com/
AmericanMonetaryInst | October 13, 2010
Michael Hudson: Author, Super Imperialism and Global Fracture; editor, Debt and Economic Renewal in the Ancient Near East; economic commentator for National Public Radio; distinguished Professor of Economics, University of Missouri, Kansas City, and Chief Economic Advisor to the 2008 Kucinich for President campaign. Dr. Hudson was the first to publicly identify the mechanism of “Dollar Imperialism” through the U.S. balance of payments deficits. His talk will focus on the coming momentous monetary developments in the Icelandic and Latvian crises, and their implication for future crises resolutions.
Seeking Fair Contracts by Ralph Nader
https://dandelionsalad.wordpress.com/
by Ralph Nader
The Nader Page
Oct. 11, 2010
This time the big banks and mortgage servicing companies, with their long, one-sided fine print contracts, may have outsmarted themselves. The newspaper headlines and the network television news are blazing news of the erupting fraudulent foreclosure process. This long-overdue coverage is generating public visibility and suddenly hundreds of thousands of foreclosures may be questioned due to what one commentator delicately called “flawed paperwork.”
That is a euphemism for fraudulently executed contracts violative of state laws regarding home title changes.
Eco Home: Escaping the Big City – A Place Under the Sun
https://dandelionsalad.wordpress.com/
Image by Dandelion Salad via Flickr
RussiaToday | October 10, 2010
Meet the people who build ecological settlements to live in harmony with the natural environment. Are they just escaping big city life for a short break, or rejecting modern civilization altogether? And are such ecological settlements a refuge for misfits and outcasts, or a place for the independent and strong-minded?
Foreclosuregate and Obama’s “Pocket Veto” by Ellen Brown
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
October 7, 2010
Amid a snowballing foreclosure fraud crisis, President Obama today blocked legislation that critics say could have made it more difficult for homeowners to challenge foreclosure proceedings against them.
The bill, titled The Interstate Recognition of Notarizations Act of 2009, passed the Senate with unanimous consent and with no scrutiny by the DC media. In a maneuver known as a “pocket veto,” President Obama indirectly vetoed the legislation by declining to sign the bill passed by Congress while legislators are on recess.
Shock Therapy for Wall Street: JPMorgan Suspends 56,000 Foreclosures; GMAC and BOA Many More by Ellen Brown
by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
September 24, 2010
“Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”
–Economist Karl E. Case, quoted in the New York Times
The hits are coming fast and furiously. Major Wall Street mortgage lenders could soon be falling like dominos – and looking again for handouts. Continue reading
Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof? by Dr. Ellen Brown
by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Aug 18, 2010
Image by respres via Flickr
Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry. A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut makes it impossible for banks to establish their ownership of property titles—and therefore to foreclose on mortgaged properties. The logical result could be 62 million homes that are foreclosure-proof.
Mortgages bundled into securities were a favorite investment of speculators at the height of the financial bubble leading up to the crash of 2008. The securities changed hands frequently, and the companies profiting from mortgage payments were often not the same parties that negotiated the loans. At the heart of this disconnect was the Mortgage Electronic Registration System, or MERS, a company that serves as the mortgagee of record for lenders, allowing properties to change hands without the necessity of recording each transfer.
Dandelion Salad 