Love Affair with Exotic Debt Returns - ETF Guide

Wall Street doesn't really create much of anything. Instead Wall Street simply re-packages existing success stories in an attempt to squeeze the last little pulp of profit out of them. 

Of course Wall Street then takes their fees and commission off the top, then they escape before problems with the investment "opportunity" come to light.

If the problems grow too big, they simply have the government bail them out.

Love Affair with Exotic Debt Returns - ETF Guide

Forum Post: DEBT NEUTRALITY Petition at Change Dot Org, please sign if you agree. | OccupyWallSt.org

Forum Post: DEBT NEUTRALITY Petition at Change Dot Org, please sign if you agree. | OccupyWallSt.org

I've never put more hours into a project like I have with the Debt Neutrality Petition that has resulted in a slow, but steady return in signatures.  Very slow, but very steady.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

KCTV5 Investigates: Missouri's foreclosure settlement money - KCTV 5

In Missouri, the home foreclosure settlement money was sent to the legislature, which in turn allocated it to "higher education" to offset the pension promises made over the past few decades that are starting to create budget imbalances in many states. 

These pension promises were usually made by democrat politicians in exchange for the union's vote.

KCTV5 Investigates: Missouri's foreclosure settlement money - KCTV 5

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

The Lunatic Progressive Fringe of the Democrat Party and the Insufferable Neo Con Element of the Republican Party continue to destroy the world with their uncompromising positions.

Anyone who is paying down their overall consumer debt levels every month should have their interest rates slashed to almost zero. This one act alone would almost instantly fix the world economy and fairly rebalance wealth in a relatively short amount of time.


The powers that be have manipulated news coverage into two stark and disparate corners, it's either "debt forgiveness" by the lunatic progressive wing of the democrat party, or "get a job" by the insufferable republican neo cons.


In the middle, where MOST americans actually live and breathe as moderate conservatives and moderate liberals, (and where Hillary  Clinton is most popular) resonates a more reasonable position, "Can I get an interest rate reduction if I am lowering my overall debt level every month?"


Yes, fixing the economy is really that simple.


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Higher unemployment could be a good thing, if handled correctly.

Higher unemployment rates could be a good thing if it also means the consumption of resources is declining as well. 


Here's an example of how higher unemployment can both help the planet and the economy. If someone is caretaking for a family member instead of "working", and if that family member also does all the necessary chores around the house, including gardening, water and energy conservation, that's actually a good thing since the person is reducing their "footprint" on the earth's resources.


However, it is wall street and the rich elite that get the media to report that all unemployment is bad for the economy. Unemployment simply means one is not receiving cash for work they may be doing.


This work only matters if cash is involved is simply a ridiculous notion. 


A person who conserves all kinds of resources, grows food from their own property, recycles ALL of their vegetable, fruit and vegetation clippings back into their own property (along with some of their neighbors grass clippings as well), and care takes for one or both parents while living in the same house, is actually an economic benefit to those who must rely on additional resource consumption for working away from the home.


The notion that everyone must have a job where they either commute by car, or attempt to work from home trying to get other people to buy a product or service, is mind numbingly backwards, outdated, and old school.  


Work is work. 


It is work to conserve overall consumption of energy resources, it is work to garden, it is work to recycle, it is work to caretake for an elderly member. All of these conservation and healthcare activities actually reduce overall use of resources, both environmentally and state resources as well, yet the person doing all of these activities is treated like a pariah by the banks, the state, the insurance industry, and even the government.


As for governments and big business trading green energy credits, bring that on baby, because there is plenty of money to be made  between governments when it comes to fabricating green energy credits.


Where are my green energy credits? The ones that I personally earn?


And once again, just like the bailout, the government and the banks hold onto the green energy credits for themselves, never passing it down to those who are actually doing the conservation.


Don't be duped by stupid economic news that claims that job growth is the only answer to a successful economy. Success can be as simple as a wheel. If you have to carry something heavy by yourself, it is usually an ineffectual way to do it.  


But if you have a wheel barrow, grocery cart, or many other forms of non motorized wheel transportation, your task is made much easier. Should the economic indicators and forecasters complain because non motorized wheel technology can actually help increase people power while conserving energy? They kind of do, every day, we just don't realize it.


Of course, Barack Obama gets no credit for higher unemployment for one simple fact, the bankers and debt collectors are stealing whatever assets americans still have with unfair, heartless, excessive interest rate charges, penalties, and fees collections no matter what the reason for the debt!


If consumers were LOWERING their overall debt levels while unemployment rose, that would actually be ok! But that could only happen if Obama had been prescient enough to favor debt neutrality.

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Are Democrats, State Unions and Pension Fund Managers Allowing Millions of Unnecessary Foreclosures?

As homeowners settled into the homes they may have spent decades making mortgage and never ending property tax payments, have states panicked at lower than desired property tax levels? While I don't know the rules for all 50 states, in California, the longer one lives in their home, the more affordable their property tax rates as compared to newer homeowners.


Every time a homeowner who has lived in a home for a long period of time (say over 10 years), sells that home, the new homeowner will instantly pay a higher property tax rate. Could state unions, pension fund managers, and the democrats they fund all be in cahoots dragging their feet in helping foreclosure victims in general since it might mean an overall increase in property tax revenue?


The purposeful shunting of the moderate liberals and moderate conservatives in favor of neo con republicans and progressive liberal democrats has led to NO intelligent discussion of pension fund obligations that every state in the nation faces.


If a state retirement pension hovers around 100% to 120% of the amount of a state employee's highest yearly income, while the private sector's social security benefits hovers between 33% to 66% of their highest yearly income, a discussion is needed to explain this difference and see how much more is justified for a state retirement pension fund versus social security.


I believe that many state jobs are "tougher" than private sector jobs. Most state jobs require non stop interaction with the public (DMV and teachers), many state jobs require dealing with habitual criminals (prison guards), or, simply dealing with the mistakes made by society that have to be fixed by those who have state jobs, (aka firefighters, drug counselors, abuse counselors, police, the court system), and lets not forget the most unsung of all, the sanitation workers. I believe these types of jobs should pay a higher annual pension than social security, the question is, how much higher should a state job retirement pension be versus the private sector social security?


This simple question is rarely posed in the media. Instead the media simply feeds off of a "tastes great, less filling, beer commercial" mentality.  You are either for education, the police and firefighters, or you are for big business.  I want a discussion about what is fair when it comes to state retirement pensions.


I believe the 100% to 120% of the highest salary earned is too high. I believe the last 10 years should be averaged together, and the rate should be 75% of that amount.  However, I am not against a full additional perks, such as a discount on property tax rates, and perhaps even a discount on sales tax rates as well.


But having an actual discussion about state retirement pension funds seems off the table based on the present day neo con conservative vs progressive democrat war that George Soros helped set in motion when he used his vast financial empire to ensure that Barack Obama, and not Hillary Clinton, was the 2008 democrat nominee.


As time goes on, I fear that the long term homeowner will continue to sold out by state budgets that continue to be in the red. Remove a long term homeowner from their home, and the new homeowner pays a much higher property tax rate, satiating the financial thirst that the state pension funds desire.


But what if the home is a foreclosure and sold for a lot less money?  That scenario still favors the state. The property tax rate will still probably be at the worst, equivalent to the long term homeowner.  However, the lower price on the home will enable the new homeowner to be able to make more local purchases for their new home, and pay the state sales tax on their purchases.


The more states clamor for new tax revenue, the more I believe the long time established homeowner is in danger of losing their home. California used to allow an elderly homeowner to defer their property taxes until their death, at which time the amount owed could be attached to the home.  No more.


Banks have been slashing home equity lines for the past several years, this act could result in a homeowner losing their home over a modest property tax bill even if their home has several hundred thousand dollars worth of home equity in it!

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Swarm the Debt Collectors? Introducing the Bureau of Litigant Data.

Apparently Debt Collectors never do anything wrong. Since debt collectors never do anything wrong, it's time they be "protected" from the "swarms" of "litigants" who dare to challenge a debt collector in court.


Introducing, The Bureau of Litigant Data! 


The Bureau of Litigant Data is the place all righteous debt collection companies go to find out which consumer has the audacity to sue a debt collection company! The service also outs the attorneys who file the most cases against a debt collection company!  


Um, wait a minute, hmmm.... Now I know what attorney to contact if I have a case against a debt collection company. Cool.

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State Government Pension Benefits might be bankrupting State Budgets, were those benefits legally negotiated?

State Government Pension Benefits might be bankrupting State Budgets, were those benefits legally negotiated?  Somehow, on the state level, state governments got put into a position where they were forced to share the economic good times of the 90's with their unions, but the promises they made then seem to have caused other problems now and into the future. Check out the CBS video about pension problems in San Jose.

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Separate Wells Fargo Bank Protest Groups just miss each other's protest by minutes at the Same Wells Fargo Branch.

Separate Wells Fargo Bank Protest Groups just miss each other's protest by minutes at the Same Wells Fargo Branch.

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Bank Protests: Separate Wells Fargo Bank Protest Groups just miss each other's protest by minutes at the same Wells Fargo Branch!

Bank Protests: Separate Wells Fargo Bank Protest Groups just miss each other's protest by minutes at the same Wells Fargo Branch It has come to this, two completely different Wells Fargo Bank Protest groups just missed meeting each other today, February, 8th, 2012, a...

Wells Fargo refuses mortgage payment, then forecloses and sells home one month later.

People don't believe that Wells Fargo would refuse a mortgage payment and then foreclose on a home and resell it a month later. Please go to HSI Trust and see for yourself. Doubt them in the comments section if you like.  


But please, please, do go to change dot org and add your name to the petition to have Wells Fargo rescind their apparently boorish action. If you don't feel comfortable leaving your real address and zip code, don't, make it up!  But I think it is effective to use your real name and real email address. I was the third person to sign the petition. 


Let's keep it going!

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Robert Reich (Why We Shouldn't be Selling the Right to Live in America)

Robert Reich (Why We Shouldn't be Selling the Right to Live in America)

I found many more reasons than the ones Reich cites for not allowing foreigners citizenship if they spend 500,000 dollars on real estate purchases in the United States.

The false pumping up of home values can't be sustained because the money used to purchase U.S. real estate did not come from our local economies and infrastructure. 

Additionally, it is more likely that whomever has that kind of money to spend in the U.S. is possibly also looking to set up an IMPORT business so they can simply displace existing local businesses by importing lower cost products from their own country of origin.

When I first heard of this bill earlier today, I correctly guessed that both a democrat and a republican were behind it. I found it interesting that my google search could not find the number of the bill. Now if only I could remember the site that mentions all of the congressional bill proposals.

When Schumer states that this bill is "neutral" for the U.S. government, he illustrates the out of touchness that afflicts so many congress people.

Is Barack Obama a Banker?

Three things that would instantly help main street and the 99%; lower interest rates on mortgages, lower interest rates on credit card debt for anyone that can PAY DOWN their debts, and lower interest rates on student loans as well. 


These three interest rate reduction moves would instantly provide a surge in local economies as people would have more of their own respend money that they themselves EARNED to then re-spend locally even as they continue to pay down their other debts. 


Lower interest rates would in turn would stabilize city, state sales tax revenue streams and property taxes as well. Ironically, lower interest rates would benefit the federal government income tax receipts as well since income tax interest rate deductions would probably slightly reduce.


It appears that Barack Obama is not interested in either reducing mortgage interest rates or extending the time to pay back a mortgage, nor in reducing credit card interest rates for those who can pay down their credit card debt every month! 


Even the new student loan changes really don't deal with the main issue of lower interest rates, only having to pay when one is employed, and no more penalties and fees tacked on to existing student debt along with student debt relief for those who have paid into the system only to see what they owe, rise!


For those who believe in ending the fed, another equally effective approach is for main street to have much less debt to begin with. Less main street debt means the fed and their cohorts won't have their debt claws into the 99% nearly as deep.  


According to congress person Dennis Cardoza, Obama seems to be against reducing the interest rate charges on prevailing types of consumer debt, even when the consumer would then be in a position to actually pay down all of their debts rather than simply tread water or slowly drown because of the interest rates being charged on their debt. 


Obama seems to be in favor of continuing, engulfing debt for the 99%, resulting in massive profits for his friends and supporters on wall street via the interest rate charges and the penalties, fees and foreclosures that result when a consumer falls behind on their payments.


It seems to me that Obama thinks and acts like a banker.

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What is Inflamed Debt? Should Dylan Ratigan run for the 2012 democratic nomination?

INFLAMED DEBT (my phrase) occurs when huge amounts of money are tethered to interest rate charges to create an ever growing debt that cannot be paid down. That is the key. 


At the very least, remove the interest rate charges on anyone who has debt and who is also capable of paying down their debt, and that will free up local economies to begin to grow in a myriad of ways.


In this youtube video, Dylan Ratigan does not use the phrase "inflamed debt", but I think that is what he is actually describing when he proclaims that there may be more debt than money in the world, and that the United States is having it's wealth suctioned out by the banks, trade imbalance, and excessive taxation.


Hat tip to Neil Garfield of "living lies" blog who posted this Dylan Ratigan video on his site.

Ironically, it was MSNBC who chose Barack Obama over Hillary Clinton back in 2008 BEFORE the democratic voters could decide for themselves. Bill Clinton has been the only president in the past 80 years to actually lower the yearly budget deficit for 8 consecutive years, the only president.


I am certain that Hillary Clinton would have done the same as Bill Clinton while also helping the 1%.


I just did a google phrase search and only 56 hits came up when the two words "inflamed debt" have quotes around them, (thereby creating a phrase).

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Sixty Minutes Transcript, Prosecuting Wall Street segment, and a question.

Kudos to Sixty Minutes for printing out the actual transcript of the Prosecuting Wall Street segment. (it's 8 pages long.) This makes it much faster and easier to find important quotes and content than having to wade through the actual video segment. A very nice, time saving gesture from 60 minutes.

Here is a quick transcript edit from two different news articles, see if you can spot the irony. 

From 60 Minutes.... (Quote is on the final page at the end)

Kroft: The perception. I mean, it doesn't seem like you're trying. It doesn't seem like you're making an effort. That the Justice Department does not have the will to take on these big Wall Street banks.

Breuer: Steve, I get it. I find the excessive risk taking to be offensive. I find the greed that was manifested by certain people to be very upsetting. But because I may have an emotional reaction and I may personally share the same frustration that American people all over the country are feeling, that in and of itself doesn't mean we bring a criminal case.

Kroft: If you had said two years ago that nobody was gonna be prosecuted on Wall Street for the subprime mortgage scandal, I think people would think, "It's not possible."

Breuer: Sometimes it takes a number of years to bring these cases. So I'd say to the American people, they should have confidence that this is a department that's working hard and we're gonna keep working hard, so stay tuned.

From the New York Times...

....Especially when mortgages were securitized and sold off to investors, he said, senior bankers turned a blind eye to shortcuts...

...One memory particularly troubles Theckston. He says that some account executives earned a commission seven times higher from subprime loans (versus) prime mortgages. 

So they looked for less savvy borrowers — those with less education, without previous mortgage experience, or without fluent English — and nudged them toward subprime loans.

These less savvy borrowers were disproportionately blacks and Latinos, he said, and they ended up paying a higher rate so that they were more likely to lose their homes. Senior executives seemed aware of this racial mismatch, he recalled, and frantically tried to cover it up.

Theckston, who has a shelf full of awards that he won from Chase, such as "sales manager of the year," showed me his 2006 performance review. it indicates that 60 percent of his evaluation depended on him increasing high-risk loans.

End of New York Times Quote.

So isn't that enough to prosecute?

Wouldn't a mass wall street plea deal offer right now cause hundreds of wall street executive rats to come running and confess their crimes rather than be found out later and possibly receive a sentence that will be much much longer?

How about a Wall Street ad by the Justice Department, "Wall Street Bankers, confess your illegal activities now and receive a sentence that will only be 25% as long as what it will be if you wait until you are found out, tried and convicted. Confess now and get a 2 year sentence, wait, and you will get no less than 8 years - guaranteed". 

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