Mortgage Meltdown: Right and Wrong and the LawSalmon Chase was part of the solution during the civil war when he made decisions and advised the President and lent his formidable name to plans that salvaged the currency of the young Republic, the economy of the nation, and the unity of a government experiment. Chase Bank bears his name. He was…[...]

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Mortgage Meltdown: Defending Your Property --- A Summary of StrategiesThis post is for both homeowners and attorneys dealing with existing foreclosure, threatened foreclosure or distressed situations. There are many situations, particularly in government-backed loans, where the lender MUST negotiate to mitigate losses or they are subject to treble damages. This posting is not intended to be legal advice inasmuch as…[...]

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“Fund Frozen, Florida Towns Feel the Pinch”That’s the title of an article in today’s NY Times, excerpted below. What everyone needs to realize is that early and reliable calculations of damage from the credit crisis caused by the mortgage meltdown are now over $45 trillion (yes with a “T”) just domestically in the United States. Each time people take another…[...]

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Mortgage Meltdown: Who is to Blame?In a word: everybody. Right now we need to put that aside and get to correcting the problem. Articles are coming fast a furious about “fraud” against the banks. See the latest LA Times articles where Lehman Brothers got stuck with an inflated price and a borrower whose paper net worth was not worth the…[...]

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We the People: Fighting BackAt first the U.S. Constitution was written without the Bill of Rights --- 10 Amendments that spelled out the specifics of what the founders were looking for when they established the Republic for which we stand. When you read the whole Constitution, which isn't long, and the Bill of Rights, which isn't long either, you see…[...]

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You must read Floyd Norris’s article in today’s New York times if you want to get a grasp on the risks facing the economy, everyday living, and virtually all U.S. investing. See “Credit Crisis? Just Wait for a Replay.” The article itself was very good in describing the real depths of the risks facing us, the difficulties in assessing how bad…[...]

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 How to Benefit from the Mortgage Meltdown:Tax assessments are heading south along with home valuations --- at the moment. Price declines from lower demand and oversupply will continue in many places for years to come. If the experts are right, the first thing we can already see happening is that revenues from taxes based upon real estate valuation are declining and…[...]

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It is time for truth and unfortunately consequences. The numbers are staggering. More than $46 trillion in commerce has been impacted by the astonishing scope of this fraud. The rippling effects are washing over unsuspecting people, towns, states and countries like a tsunami and it just keeps getting bigger. The lies are now compounded by manipulations of economic indicators, the stock…[...]

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A Jail called Mandatory Health Insurance   This is arithmetic not ideology. We make it ideology when we defy the numbers. We are already paying for full and complete coverage for all American citizens. In fact, we are paying 40% more than is required to give everyone complete health services. That we are paying for it and not getting what…[...]

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Mortgage Meltdown: Get Out of Jail Free Card from PaulsonIn the usual way of floating trial balloons before committing to anything, and without the whole hearted support from any of the many entities and people who have a dog in this fight, Paulson is “outlining” the proposal for “subprime relief.”All information points to another intentional diversion from dealing with and…[...]

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