Archive for May 1st, 2011
CA Attorney: The State Bar Helps The Banks Steal People's Homes

In a stunning letter to members of the California State Bar and a California Judge, Michael T. Pines sets forth a damning (and supported) assertion against the big banks.
There is little doubt the “banks” through their attorneys are behind the attacks on me, and since they can’t win in court they had to try to stop me other ways by trying to prevent me from representing property owners. If you are not happy, contact the Bar, others, and tell every attorney you know to hold off on paying their dues as long as possible.
In conclusion, his letter ends:
The Bar and Courts are now, and will, go bankrupt. It is only a matter of time. The courts are broken, the economy is broken, and the government is broken and all are run by the Banks. That is the bigger picture and this won’t go on forever. In the long run, your children will be O.K. In the short run, it is going to be awful. In my opinion, there is going to be a collapse of historic proportions.
Be sure to read the entire letter.
h/t MSFraud
Property Taxes: an ATM for the Government; Measure to Abolish Property Taxes Approved for ND Ballot
Congratulations to citizens of North Dakota, fed up with taxation and have raised the necessary number of signatures to place a measure abolishing property taxes on the ballot. The voter initiative needed 27,000 signatures. 28,000 signed the petition.
Please consider Measure to abolish North Dakota property taxes on ballot
Secretary of State Al Jaeger said Friday the initiative had enough petition signatures to qualify for the June 2012 primary election. It will be listed as Measure 2.
The amendment says North Dakota and its local governments may not impose property taxes after Jan. 1. It says the Legislature will have to figure out a way to provide replacement revenue to cities, counties and other local governments.
Property Taxes, an ATM for the Government
The above image courtesy of Empower The Taxpayer which asks “Why Should Your Home Be Governments’ Private ATM?”
Please click on the above link for more information including an FAQ, explaining what the measure is all about and how you can help.
The real battle begins now. No doubt recipients of the tax and supporters of “big government” will battle Measure 2 furiously.
Mike “Mish” Shedlock
Global Economic Analysis
More 'Disappearing Legislation' Courtesy of Bankers

One thing though… from what Darrell explained to me, Carl Seel must have been in a very good mood the day of his unexpected tardiness, because even though he had been previously turned down twice for his own loan modification, two days before he showed up too late to propose the amendment, Ocwen granted him a PRINCIPAL REDUCTION that reduced his mortgage to $88,000 from roughly $190,000… that’s a reduction of approximately 56% give or take a few points one way or the other.
For those who are wondering what this is about, it ties right back to the series I’ve been doing on Arizona SB1259. The bill that Ms. McLain killed and which would have require mortgage servicers and debt-holders to follow existing law – you know, only foreclose on people when you actually own the debt in question?
And lest anyone think this is some sort of trite concern, we have multiple cases where we know these records are NOT correct and people HAVE been foreclosed upon in error, with not-the-least of them being instances where notes got sold twice. In fact, we have a former executive from TBW who seems to be headed to the pokey for his part in that practice. That statement, incidentally, is not an “allegation” any more – see, Mr. Fakas was convicted.
So what’s this new discovery about? Apparently Mr. Seel was intending to introduce an amendment that would basically restore SB1259 on top of another bill in Arizona. But somewhere along the way to the State House to do so, he got, well, “delayed.” And, if the allegation above is correct, he also, roughly at the same time, got an approximately 50% principal reduction in his mortgage.
Now perhaps there’s an innocent explanation for this….. second killing of that language.
But doesn’t there come a time where honest people demand actual investigations and answers?
I think we’re well beyond that point.
Ps: Trust me on this – you’ve not seen the last Ticker from me on this subject. Not by a long shot. If you’re an Arizona lawmaker, did something wrong in this regard, and think this issue is just going to wither away and die, you’re sadly mistaken.








