“This author needs to check the results of the study commissioned by President Atkinson (past president of the University of California). It resulted in University wide meetings in the effort to decide whether or not to keep the SAT as a criterion for admission because the correlation between the score and how students did as freshman was (if I recall correctly) .03. I attended an open forum held at UCSB. There were Regents as well as UC admissions employees up on the stage presenting as well as taking comments. The College Boards company was asking 'so how would you like us to change it'. The representative from The Princeton Review company said, 'change it any way you like...we know it is meaningless...and we can teach any test'. A hispanic student said, 'my public school education doesn't prepare hispanic students to take the SAT and I can't afford Princeton Review'. So does this article mean anything? You decide.”
“The SAT results mean nothing. One of the past presidents (President Atkinson) of the University of California commissioned a study to find out the correlation between SAT scores and how Freshman students admitted to the UC system actually fared. If I am remembering correctly it was something like .03 correlation. Well of course, this caused a big ruckus with the Regents and admissions. There were system wide meetings. I attended the open forum held at UCSB. The question was whether or not to scrap the SAT Testing. The rep from the College Boards Corporation basically said, 'Hey, just tell us how you would like the test changed and we'll do it.' Interestingly, there was a rep from Princeton Review who said, 'We know the tests are meaningless so change it anyway you like because we can coach how to succeed on any SAT test you create'. Upshot was that the College Board added a writing sample. Big Business wins again. As I said before, the SAT is meaningless.”
Liz Pierce on Sep 26, 2013 at 08:02:37
“The SAT results mean nothing.
so kids have to have that stress and expense..why?”
“In New Mexico home sales were up by all of 7 homes this quarter. And prices for homes fell by 16%. Businesses are still failing. Seems to me stopping the banks from hoarding cash isn't a bad idea. In fact, seems to me to be a brilliant one.”
“Thank you Ms Warren. You are so right about ordinary people being made 'examples of' by the powerful in government. This is happening day in and day out around the country and while some of us do our best to stand up for ourselves and what is fair we are ill equipped up against teams of extremely well paid attorneys, trustees (who are often lawyers) and the lawyer for the trustee who make their percentage by preying on us and prying into our pain and despair. So many millions of hardworking folks have lost everything, due to the Securitization Ponzi Scheme foisted on them by the partnership of Wall Street and the Banks, and have been crushed into homelessness and poverty. So please, Ms Warren, remember us when you are striving to make a difference...because you may be our last line of defense. And again ~ Thank You.”
“Too bad they didn't wipe out some foreclosure files of the soon to be homeless. There have been many though rarely reported suicides because of foreclosure/bank harassment also. Another way for the billionaires to step on people.”
David Jeffers on Feb 5, 2013 at 22:03:25
“There was a movie called Wisdom with Emilio Esteves about a Bonny and Clyde duo burning mortgage notes at the banks....Great flick...”
“Please read entire article for the full story ~ google: Wells Fargo has blood on its hands by Martin Andelman. Ca is a nonjudicial foreclosure state so the bank didn't have to go to court......repeatedly lied, etc. They will undoubtably get away with this crime...just because they can.”
“Ca is a nonjudicial foreclosure state which is one of the big problems. Please google search the entire article...this is just a small piece of it. You will be even more shocked...horrifying what the bank did to these poor people.”
“I wish Huffpost would cover this story...Wells Fargo Has Blood on Its Hands:
Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to go, Norman Rousseau shot himself.
This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank. Unfortunately the result is what the result always is when people are on their own against the wealthy and powerful: the bank ends up with all of their money, takes their house to sell and throws them out onto the street. In this case the bank is Wells Fargo.
The quick version of this terrible story is that Norman and Oriane Rousseau of Newbury Park, California were scammed into a predatory mortgage. But they made their payments anyway, always paying with a cashier’s check in person at the same branch. Then one day the bank misapplied their payment and said they still owed the money. This started a long, nasty process that led to the bank evicting the Rousseaus from their home.
Here’s the shocker: right at the start the Rousseaus came up with proof that the bank had received the payment and had cashed the check. But the bank continued to claim it had missed the payment, gave the Rousseaus the runaround, started applying fees, and used it as an excuse to foreclose on the house anyway.
a tragic story becomes much worse.”
ewrug on May 16, 2012 at 20:28:52
“would not the bank have to go to court to prove its case? and wasnt there federal oversight about predatory lending. I think there is help out there for these issues from non-profit to federal government.”
SAVINGS AND LOAN CRISIS = 10,000 CRIMINAL REFERRALS AND 1K FELONY CONVICTIONS . THERE WERE 1000 FBI AGENTS.
NOW: 120 FBI AGENTS, 1MILLION CASES PER YEAR, 0 CRIMINAL REFERRALS, 0 ARRESTS.
SOURCE: WILLIAM BLACK, PROFESSOR EMERITUS, LECTURE TITLE: BANKS, FRAUD AND LOOTING
HE WAS SENIOR DEPUTY COUNSEL FOR THE OFFICE OF THE THRIFT”
May 10, 2012 at 18:39:13
“Find out where our (your) money went:Officially Announces Filing of Landmark Lawsuit
Largest International Money Laundering Network in History Formed During Obama Administration; U.S. Banks' Theft of Home Owners' Money Laundered
04/23/12)- In a lawsuit alleged to involve the largest money laundering network in United States history, Spire Law Group, LLP -- on behalf of home owners across the Country -- has filed a mass tort action in the Supreme Court of New York,. Home owners across the country have sued every major bank servicer and their subsidiaries -- formed in countries known as havens for money laundering such as the Cayman Islands, the Isle of Man, Luxembourg and Malaysia -- alleging that Obama Administration was publicly encouraging loan modifications for home owners, it was privately ratifying the formation of shell companies in violation of the United States Patriot Act, and State and Federal law. The complaint, Index No. 500827, was filed by Spire Law Group, LLP, and several of the Firm's affiliates and partners across the United States.
"The laundering of trillions of dollars of U.S. taxpayer money -- and the wrongful taking of the homes of those taxpayers -- was known by the Administration and expressly supported by it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own agencies' reports -- and Department of Homeland Security dating as far back as 2010. Worse, the Administration purported to endorse a 'national bank settlement' without disclosing about the thousands of foreign tax havens now wholly owned by”
“How about an article about how many desperate people have committed suicide over losing everything ~ especially their family home.
It is the Banks that are getting Free Houses and in fact have been given a 'get out of jail for free' card.
Here's a Novel Idea:Require a forensic audit of the homeowner's mortgage records. Then Require all the judges that hear foreclosure cases to enforce the law requiring the Banks to prove Legal Possession and clean documents. Clean Hands? Then go ahead and foreclose. Not clean hands: No Foreclosure & Banks lose right to foreclose.
~ robo signing
~ false notary
~ broken chain of title (Bank Fraud)
~ improperly recorded and notarized assignments (Bank Fraud)
~ false or empty trusts (Bank Fraud)
As a Supreme Court Justice of the Commonwealth of Massachusetts wrote, **it is also important to require the banks follow the law and not let them off the hook*** whether or not the homeowner has paid their mortgage.
Requiring citizens, who have been devastated both economically and psychologically by the banks manipulation of Wall Street and the Court, to prove the illegality and wrong doing of the banks is criminal.
There is blood on the hands of those people in authority who continue to pretend they don't understand this.”
“Other reports say 300 tonnes Per DAy. What is being implied here but not covered is how much radioactive material is rapidly spreading throughout the Pacific and making it to the West Coast. Also not covered is the uptake into the the upper atmosphere and being redeposited when it rains on North and South America and how much is in the crops already. Google it. This is a way bigger story than is being told. Baby girls on the West Coast are already being routinely checked for thyroid issues.”
authorized-user on Sep 2, 2013 at 09:59:50
“Does anyone know where the melted cores are now. ( Tepco doesn't)
How long will it take to emerge on the other side of the planet?”
“Not everyone who is behind in their payments are behind just because they don't feel like paying. For example, pretty much everyone having anything to do with the housing industry which was intentionally destroyed by the banks and lost their jobs or business after a lifetime of work. Or how about good hard working folks who had outrageous medical bills due to emergency or hospital stays due to critical illnesses...Don't forget that the banks REFUSED to work with homeowners ~ especially those that were vulnerable due to the job or medical crisis. I hear story after story of banks/mortgage servicers preying on these folks. Some have been so harassed that they have killed themselves. The banking industry doesn't need ANY kind of your protection or let off the hook at all. Judges are now working hand in hand with the banks so don't worry they'll figure out how to foreclose on you even if you aren't late in your payments. That's the reality of the situation.”
jerryvinter on May 6, 2013 at 15:31:36
“I agree but a reasonable line has to be drawn somewhere.
You can't tell the reasons for why a person might be late just by looking at the mortgage record.
What I propose will accomplish is that it will help prevent the ranks of the unfortunate people you describe from growing even bigger.
Right now, the banks and the Obama administration have ganged up on home owners.
I find it hard to say this but it must be. Obama is a bigger friend to these predatory banks than Bush ever was.”
“Suzanne, you are absolutely right when you note that this is a strategy. I believe that the only thing that will stop this madness is a moratorium on foreclosures until the bank proves that it Legally and without doubt or exception has right to any given property. Unlike Jtenn, I don't believe Obama is the answer. (Yes, I did vote for him.) Why not? Well watching the armed police violence against the Occupy Movement, the White House asking and getting the ability to arrest any American anywhere and lock the person away, drones, a phony unsigned settlement with the banks that basically lets them foreclose at breakneck speed....I believe the only "Hope We Can Believe In" is when enough of us wake up and realize that all our homes/titles are in jeopardy and we act by circling the wagons of Community ~ help each other in an effort to survive this siege on us all. Which is exactly what you are doing by offering us the article you wrote. Again, Many Thanks.”
“WoW. WoW. Thanks for your reply. The whole thing makes me feel a little sick. Although I must say sounds familiar...the bank trying to steal our home cites a trust # that is nonexistent according to an auditor, a chain of servicers, no allonges except one that mysteriously "appeared" after the filing...of course, 'firmly affixed' part is not happening. Sure wish we in Cali could have the mediator that Jtenn has. We have spent countless hours and buckets of $$ trying to sort this fiasco out.
Jtenn is also right "This problem is so wide spread as to be unimaginable. SF assessor Ting's investigation should be required viewing by everyone."
And I for one am sincerely grateful for the John O'Brians and Mr Tings of this world as it makes the judges and trustees ability to pretend the banks are not the robbing fraudsters that they are virtually impossible. I would think that at some point the judges would be embarrassed to be made fools of. And no matter what the situation of the homeowner it still is criminal fraud that the banks are guilty of, right? I read on opinion by a Supreme Court Judge from the Commonwealth of Massachusetts that noted that fact. Smart Man.”