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January 15, 2011 at 6:39 PM in reply to: OT: I hate big governments, government overeaching it’s sticky hands #654506January 15, 2011 at 6:39 PM in reply to: OT: I hate big governments, government overeaching it’s sticky hands #655101
SK in CV
ParticipantA question for you flu.
Based on this sketchy evidence, I have no idea if the father actually committed any crime. Maybe he did, maybe he didn’t, but from what’s been presented, it certainly doesn’t appear to be sufficient to remove the kids from the home. But my question is this….what if the evidence was all but uncontrovertable. Actual photos of dad molesting the kids? Would that have been sufficient for you to believe the kids should be removed from the home?
The reason I ask, is that it seems to me that often when people assail big government, the actual complaint is about bad government. Maybe power hungry social workers. Maybe someone honestly believing, without good evidence that a crime has been committed. Smaller wouldn’t necessarily be any better. Fewer social workers on the street would just as likely to have dangerous egos. Or be so overworked that they just make mistakes. Should CPS not have the power to do what they do? Or should they just be better at it?
(And as an aside, if this government employee really is a social worker, she’s making much more than minimum wage. Social workers are trained medical professionals, and are reasonably well paid, although last I saw the pay scales, those working in the public sector are paid below those in the private sector.)
January 15, 2011 at 6:39 PM in reply to: OT: I hate big governments, government overeaching it’s sticky hands #655239ParticipantA question for you flu.
Based on this sketchy evidence, I have no idea if the father actually committed any crime. Maybe he did, maybe he didn’t, but from what’s been presented, it certainly doesn’t appear to be sufficient to remove the kids from the home. But my question is this….what if the evidence was all but uncontrovertable. Actual photos of dad molesting the kids? Would that have been sufficient for you to believe the kids should be removed from the home?
The reason I ask, is that it seems to me that often when people assail big government, the actual complaint is about bad government. Maybe power hungry social workers. Maybe someone honestly believing, without good evidence that a crime has been committed. Smaller wouldn’t necessarily be any better. Fewer social workers on the street would just as likely to have dangerous egos. Or be so overworked that they just make mistakes. Should CPS not have the power to do what they do? Or should they just be better at it?
(And as an aside, if this government employee really is a social worker, she’s making much more than minimum wage. Social workers are trained medical professionals, and are reasonably well paid, although last I saw the pay scales, those working in the public sector are paid below those in the private sector.)
January 15, 2011 at 6:39 PM in reply to: OT: I hate big governments, government overeaching it’s sticky hands #655568ParticipantA question for you flu.
Based on this sketchy evidence, I have no idea if the father actually committed any crime. Maybe he did, maybe he didn’t, but from what’s been presented, it certainly doesn’t appear to be sufficient to remove the kids from the home. But my question is this….what if the evidence was all but uncontrovertable. Actual photos of dad molesting the kids? Would that have been sufficient for you to believe the kids should be removed from the home?
The reason I ask, is that it seems to me that often when people assail big government, the actual complaint is about bad government. Maybe power hungry social workers. Maybe someone honestly believing, without good evidence that a crime has been committed. Smaller wouldn’t necessarily be any better. Fewer social workers on the street would just as likely to have dangerous egos. Or be so overworked that they just make mistakes. Should CPS not have the power to do what they do? Or should they just be better at it?
(And as an aside, if this government employee really is a social worker, she’s making much more than minimum wage. Social workers are trained medical professionals, and are reasonably well paid, although last I saw the pay scales, those working in the public sector are paid below those in the private sector.)
ParticipantYves Smith at naked capitalism (who may just be the best and brightest economics blogger out there today, and has been closely following and reporting on this subject for months) has a great analysis on a proposal by DC thinktank Third Way to let the TBTF banks off the hook for their transgressions in mortgage processing. She calls it another bailout. If this is a subject you’re interested in, don’t miss it.
DC Puts Its Bankster-Friendly Solution for Foreclosure Fraud on the Table
ParticipantYves Smith at naked capitalism (who may just be the best and brightest economics blogger out there today, and has been closely following and reporting on this subject for months) has a great analysis on a proposal by DC thinktank Third Way to let the TBTF banks off the hook for their transgressions in mortgage processing. She calls it another bailout. If this is a subject you’re interested in, don’t miss it.
DC Puts Its Bankster-Friendly Solution for Foreclosure Fraud on the Table
ParticipantYves Smith at naked capitalism (who may just be the best and brightest economics blogger out there today, and has been closely following and reporting on this subject for months) has a great analysis on a proposal by DC thinktank Third Way to let the TBTF banks off the hook for their transgressions in mortgage processing. She calls it another bailout. If this is a subject you’re interested in, don’t miss it.
DC Puts Its Bankster-Friendly Solution for Foreclosure Fraud on the Table
ParticipantYves Smith at naked capitalism (who may just be the best and brightest economics blogger out there today, and has been closely following and reporting on this subject for months) has a great analysis on a proposal by DC thinktank Third Way to let the TBTF banks off the hook for their transgressions in mortgage processing. She calls it another bailout. If this is a subject you’re interested in, don’t miss it.
DC Puts Its Bankster-Friendly Solution for Foreclosure Fraud on the Table
ParticipantYves Smith at naked capitalism (who may just be the best and brightest economics blogger out there today, and has been closely following and reporting on this subject for months) has a great analysis on a proposal by DC thinktank Third Way to let the TBTF banks off the hook for their transgressions in mortgage processing. She calls it another bailout. If this is a subject you’re interested in, don’t miss it.
DC Puts Its Bankster-Friendly Solution for Foreclosure Fraud on the Table
Participant[quote=Diego Mamani]
Take out Freddie, Fannie, and the FHA, and prices would really drop to reality! Painful? Yes, but I’d rather live in a painful reality than in a fantasy world that I know is unsustainable. Gov’t intervention, and now the courts meddling, are simply prolonging the fantasy, meaning, the pain will be even worse when the chickens come home to roost.[/quote]Explain please. How are the GSE’s keeping the prices up now as compared to in the past?
Participant[quote=Diego Mamani]
Take out Freddie, Fannie, and the FHA, and prices would really drop to reality! Painful? Yes, but I’d rather live in a painful reality than in a fantasy world that I know is unsustainable. Gov’t intervention, and now the courts meddling, are simply prolonging the fantasy, meaning, the pain will be even worse when the chickens come home to roost.[/quote]Explain please. How are the GSE’s keeping the prices up now as compared to in the past?
Participant[quote=Diego Mamani]
Take out Freddie, Fannie, and the FHA, and prices would really drop to reality! Painful? Yes, but I’d rather live in a painful reality than in a fantasy world that I know is unsustainable. Gov’t intervention, and now the courts meddling, are simply prolonging the fantasy, meaning, the pain will be even worse when the chickens come home to roost.[/quote]Explain please. How are the GSE’s keeping the prices up now as compared to in the past?
Participant[quote=Diego Mamani]
Take out Freddie, Fannie, and the FHA, and prices would really drop to reality! Painful? Yes, but I’d rather live in a painful reality than in a fantasy world that I know is unsustainable. Gov’t intervention, and now the courts meddling, are simply prolonging the fantasy, meaning, the pain will be even worse when the chickens come home to roost.[/quote]Explain please. How are the GSE’s keeping the prices up now as compared to in the past?
Participant[quote=Diego Mamani]
Take out Freddie, Fannie, and the FHA, and prices would really drop to reality! Painful? Yes, but I’d rather live in a painful reality than in a fantasy world that I know is unsustainable. Gov’t intervention, and now the courts meddling, are simply prolonging the fantasy, meaning, the pain will be even worse when the chickens come home to roost.[/quote]Explain please. How are the GSE’s keeping the prices up now as compared to in the past?
ParticipantHere’s the deal. Most states that require judicial foreclosures, also require that the lender be in physical possession of the original note and trust deed, and the foreclosure process requires that the owner of the loan attest that those original documents have been reviewed. In deposition, under penalty of purjury, employees of BofA (as successor in interest to Countrywide) have told plaintiff attorney that, in the ordinary course of business, those original notes and trust deeds were NEVER transmitted to the note purchasers, and were, in fact, retained by BofA (or Countrywide). Thousands? More likely 10’s or even 100’s of thousands of loans. Those loans should NOT be foreclosed until the lender has met the legal requirements to file the foreclosure.
I’m not disputing those loans are in default. I’m sure it’s only a tiny minority of loans that are actually current. (Though that number should be zero!)
As to market sanity. Do you think it’s an insane market now? I think it’s pretty sane. It’s hard to sell a house because there is an over supply. Get used to it. We probably have 24-36 more months of it. More and faster foreclosures won’t help that. It sounds to me like your definition of a sane market is where there is a flood of foreclosures so you can make a quick buck. I don’t know what’s sane about that.
(And some blighted markets will never come back.)
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