When Banks Break the Law, Families Suffer

On By southwerkIn Business Ethics
Half million dollar house in Salinas, Californ...

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We can see from the full article excerpted below that  the banks’ evasion of State recording statutes and poor internal bookkeeping has led many families to disaster.

I have read some bloggers who talk about deadbeat buyers but where are they now when it is obvious that widespread fraud and incompetence were common in the industry for years?

The decision of a family to buy a home is almost always the single most important financial decision of their lives.

Beginning in 2000, that investment became a chip in a Wall Street game of financial speculation. But the industry found that those chips were heavily regulated by law. Not like modern regulations but regulations older than this nation itself. The rules were that property ownership had to carefully recorded, geographically correct and a chain of ownership clearly established. Owning property was considered a critical part in an individual’s life and was protected by the law from injustice.

But this inhibited trading, so the industry created their own system of property transfer (MERS) and we know from the many lawsuits in sloppy or virtually non-existent records keeping to accelerate the process. Today, those injustices have come back to haunt middle class homeowners.

Please read the attached article and get a fell for what economic injustice feels like when the affliction has human face.

James Pilant

Foreclosure From Old Mortgages ‘Most Egregious Manifestation’ Of Broken Housing Market

Diane Thompson, an attorney with the National Consumer Law Center, says she has defended hundreds of foreclosure cases, and in nearly all of them, the homeowner was not in default. “The record-keeping on the part of the mortgage servicers is not to be trusted.”
The problems grew from a lot of sloppy recordkeeping that began during the housing boom, when Wall Street built a quick-and-dirty back-office operation to process mortgages quickly so lenders could sell as many loans as possible. As the loans were later sold to investors, and then resold around the world, the back office system sidestepped crucial legal procedures.
Now it’s becoming clear just how dysfunctional and, according to several state attorneys general, how fraudulent the whole system was.
Depositions from “affidavit slaves” depict a surreal, assembly-line world in which the banks and their partner firms hired hair stylists, fast-food kids and Wal-Mart floor workers, paying them $10 a day, to pose as bank vice presidents, assistant secretaries and corporate attorneys.

Foreclosure From Old Mortgages ‘Most Egregious Manifestation’ Of Broken Housing Market

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More Evidence that the Susan G. Komen’s Decision to Cut Off Planned Parenthood was Political

On By southwerkIn Politics

I have written recently that I believed that the decision to defund Planned Parenthood was motivated by politics. It appears that my belief in the politicalization of the Susan G. Komen Foundation’s grant giving is well justified. Read this from Jeffrey Goldberg writing for The Atlantic.

Top Susan G. Komen Official Resigned Over Planned Parenthood Cave-In – Jeffrey Goldberg – Health – The Atlantic

But three sources with direct knowledge of the Komen decision-making process told me that the rule was adopted in order to create an excuse to cut off Planned Parenthood. (Komen gives out grants to roughly 2,000 organizations, and the new “no investigations” rule applies to only one so far.) The decision to create a rule that would cut funding to Planned Parenthood, according to these sources, was driven by the organization’s new senior vice president for public policy, Karen Handel, a former gubernatorial candidate from Georgia who is staunchly anti-abortion and who has said that since she is “pro-life, I do not support the mission of Planned Parenthood.” (The Komen grants to Planned Parenthood did not pay for abortion or contraception services, only cancer detection, according to all parties involved.) I’ve tried to reach Handel for comment, and will update this post if I speak with her.

Top Susan G. Komen Official Resigned Over Planned Parenthood Cave-In – Jeffrey Goldberg – Health – The Atlantic

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Komen Backs Off and We’re Supposed to Forgive and Forget?

On By southwerkIn Economic Justice
English: Prevention Park, is the largest Plann...

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Komen Apologizes; Pledges To Continue Planned Parenthood Grants | Crooks and Liars

Our original desire was to fulfill our fiduciary duty to our donors by not funding grant applications made by organizations under investigation. We will amend the criteria to make clear that disqualifying investigations must be criminal and conclusive in nature and not political. That is what is right and fair.

Komen Apologizes; Pledges To Continue Planned Parenthood Grants | Crooks and Liars

Wow, I should be impressed except I’m not.

The organization has already provided solid evidence that women’s health is not their first concern. They have only reversed their decision based on politics. And be clear, they backed down on this particular issue but it is only a temporary setback for their anti-Planned Parenthood stance and their move toward anti-abortion politics.

Think of all the different ways through other grants and political pressure that they can influence the future of women’s health in this country and in the world. They gave up on this point under political pressure but can it be more obvious what the future stance of the organization is going to be? This is not victory for women’s health or a defeat for their organization. It is a truce to allow them to regroup and fight another day.

I want you to read the brief excerpt above. Notice the phrase “disqualifying investigations must be criminal and conclusive in nature and not political.” I can drive an ocean liner through that exception. How many district attorneys are there in the United States – just a few thousand? So, all we to do to disqualify Planned Parenthood again is to have one of these district attorney conduct a “criminal” investigation. Now you might object that doesn’t consider the word, “conclusive,” which of course means a conviction. Except that it doesn’t. If they had wanted a conviction to be necessary to disqualify an organization, they would have used that word. I’ll tell you what the word, conclusive means in that sentence – anything they want it to.

From now on they will act to defund Planned Parenthood and services to poor women and we know they will because they have already by their actions demonstrated their intent. If they intended to really reverse the policy decisions of the last few days, there would be firings and changes in personnel at the top of the organization. Do you see any?

One of the most disturbing elements of this whole affair is how stupid the Susan G. Komen Foundation leadership believes the public are. They cut off Planned Parenthood on the most spurious of grounds (a Congressional investigation) against a background of Republican donations and the hiring of a stalwart in the anti-abortion movement. Then they tell us it was non-political. Look at the phrasing of their press release . They claim they were only fulfilling their “fiduciary” duty by cutting off the organization. First, I think they used the word merely because it was multisyllabic and sounded legal. Second, I have to wonder if it was their fiduciary duty to cut off Planned Parenthood what happened between yesterday and today that nullified that duty? Fiduciary responsibilities are not optional, they are binding.

I still believe that giving money to the Susan G. Komen Foundation is a questionable decision based on the events of the last few days. I believe if you look at the evidence you will come to the same conclusion.

James Pilant

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The Work of Luke H. Lee

On By southwerkIn Opinion
Example of supply chain

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Keeping a web site and maintaining it can be a real pain but one of the great pleasures of it, is that you get to provide support to your friends to get the word out about their ideas. Here is a piece from my blogging friend, Luke H. Lee.

The article is significantly longer than this small excerpt and you probably need to see the diagrams for full understanding. So please read the whole thing.

James Pilant

Realizing a better world

If a public information-based supply chain infrastructure system is developed and fully implemented in the real market, the existing efficiency-oriented market process would be changed to a more effectiveness-oriented market process, which is more suitable for the modern information market. This would significantly contribute to the improvement of employment on the whole. The self-generation capability of the market would improve as well.

Luke Ho-Hyung Lee

With the influence of this new, more effectiveness-oriented supply chain process, the existing competition by size would change into competition by quality and service. The existing efficiency-oriented mass production process and mass-market consumption model would also be altered into a more effectiveness-oriented, diversified, or individualized production and consumption system. Owing to these changes, local employment conditions would improve considerably, and the business environment for middle- and small-sized companies and for the general service industry would improve significantly. Moreover, companies that off-shored and outsourced to lower labor cost countries would come back to the domestic arena

Realizing a better world

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Cry Me A Freaking River! Says Karen Handel

On By southwerkIn Business Ethics

Daily Kos: Komen Foundation official deletes evidence of anti-choice bias from Twitter

The Susan G. Komen Foundation, and its senior vice president of public policy, Karen Handel, who is “staunchly and unequivocally pro-life,” have been getting beat up pretty bad for the blatantly political decision to stop funding cancer screen and prevention at Planned Parenthood.

It appears that yesterday, Handel signed on to the “cry me a freaking river” sentiment on Twitter that anti-choicers are gleefully expressing because nothing makes them happier than women dying of cancer if it means sticking it to the nation’s biggest provider of health care to women.

Daily Kos: Komen Foundation official deletes evidence of anti-choice bias from Twitter

Here’s the tweet –

tweet

Apparently cutting women off from health care shouldn’t evoke emotions. I disagree. The tragedy of underserved populations unable to get breast exams and other care is a tragedy.

Since the organization has serious qualms about actually pursuing it goals of preventing breast cancer, it is only logical that giving to the organization is a poor move if that is your concern.

I further suggest that wearing a pink ribbon is a sign of support for an organization that has lost its way, and lacks the courage to act in support of women’s rights.

Perhaps, a different color ribbon signifying actual committment?

James Pilant

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Stop Giving to the Susan G. Komen Foundation!

On By southwerkIn Economic Justice
Česky: Logo Facebooku English: Facebook logo E...
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Since the Foundation canceled a grant program of $700,000 a year specifically designed to pay for underserved populations breast exams, we can only assume they have decided that political action against Planned Parenthood is much more important than fighting breast cancer. Since the organization has now defunded thousands of breast exams for poor women, we can only assume that they have only a limited interest in fighting disease.

Join the Facebook Group to De-Fund SGKF

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I’ve Been Gone for a While.

On By southwerkIn Opinion

I have not written for ten days. I have felt a little burned out. Over the last two years I have written 1,602 posts. Sometimes you need to stop for a while. I felt I was becoming formulaic and boring. Certainly I was boring me.

One day in class, I noticed that I often present original ideas that I have developed from my extensive reading but I never seem to talk about my thinking. In my blogging, I have often simply responded to the thoughts of others. Response is not enough. I believe a writer, particularly a writer concerned with social justice, must of necessity present ideas about what can and should be done. It’s not enough to stand against things, you must also be for things.

Another thing I do at school is carry out my plan to remake the world. I preach endlessly the importance of not accepting my ideas as revealed truth but for my students to develop their own thinking processes so that they can consider and weigh facts to make good decisions based on their own experiences, observations and judgment. My faith in their ability to change themselves and then the world is not always apparent to readers of my blog, and it should be.

Sometimes the weight of the power of the 1 percent leads me to conclude in despair that nothing can be done. That is wrong. We have seen this kind of history with the power of the Robber Barons in the 1890’s and the early years of the 20th century. Their power, their money, their influence in the government were all reduced by the energy and faith of social movements drive by the need for change. That is happening again with Occupy Wall Street.

So, I return to writing the blog with some new ideas, a changed focus and a dedication to faith that change is possible and, in fact, inevitable.

James Pilant

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Justice Scalia Trivializes “Citizens United”

On By southwerkIn Opinion

Please read the article below for more explanation of Justice Scalia’s statement.

Scalia would lead us to believe that the massive influx of corporate dollars allowed into the system by the Supreme Court Decision, Citizens United, will simply be neutralized by people turning off the television.

I had to take a minute to absorb the full implications of his statement, in fact, at first, I thought I had misread the article but after re-reading it, it still said the same thing.

Let me explore this, I can probably come up with a few hundred dollars to give in a campaign cycle. However, a corporation can give hundreds of millions of dollars or even billions of dollars. But it will all be “even steven” if people turn off the television sets?

Won’t the hundreds of millions of dollars also buy billboards, internet pop-ups, endless stacks of mailings and radio ads?

And since televisions watching is believed to be addicting with millions of Americans watching on average 4-6 hours a night, how likely is it that millions of them will turn off the set and go to bed? – or read a book? – or take up ceramics?

The Supreme Court Justice who helped turn the United States into one of the most oligarchic nations in the world with one decision, is trying to tell me that my concerns are trivial and there is really nothing to worry about.

No, the decision seriously damaged the prospect of a government for the people by the people. His sad attempt at trivialization is not surprising. His contempt for democracy was demonstrated by the decision making George Bush, the President of the United States.

I do not believe representative government is in anyway important to him.

That his decision making descends to such pitiful generalizations is not a sign of a Supreme Court that deserves our respect. It is a sign of a Supreme Court that no longer relies on any thing but class interest to make its decisions. It’s time for something new.

James Pilant

photograph of the justices, cropped to show Ju...

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Justice Scalia On Unlimited Political Ads: Turn Off The TV

U.S. Supreme Court justice Antonin Scalia has a simple solution for people who don’t like all the political advertisements unleashed by the court’s decision two years ago that ended limits on corporate contributions in political campaigns – change the channel or turn off the TV.

Scalia was asked about the decision during a presentation before the South Carolina Bar on Saturday, exactly two years after the court handed down the 5-4 decision in the case that led to the rise of Super PACs. They are outside groups affiliated with candidates that can take in unlimited contributions as long as they don’t directly coordinate with the candidate.

“I don’t care who is doing the speech – the more the merrier,” Scalia said. “People are not stupid. If they don’t like it, they’ll shut it off.”

Justice Scalia On Unlimited Political Ads: Turn Off The TV

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The Banking Industry Gives Obama the Squeeze

On By southwerkIn Economic Justice
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Big banks have picked their candidate, and it’s Romney – from McClatchy

“We’ve seen a massive shift from Obama to the Republican candidates on the part of the financial industry,” said Carmen Balber of Consumer Watchdog, a California nonprofit that advocates for taxpayers and consumers. “Obviously, part of that has to do with a competitive primary. But we’ve definitely seen the financial services industry publicly chastise the president for going after financial reform.”

Big banks have picked their candidate, and it’s Romney | McClatchy

Isn’t this sweet? Barack Obama bails out the banks, protects them from prosecution for their crimes, installs banking industry figures in virtually every possible position in the government, pretended that the mortgage crisis wasn’t happening and was careful to give only the most measured criticism of the financial industry and the 1% – and his reward is massive contributions to this likely opponent.

For all of his compromise, for all of his favoritism, for all of his abandonment of the goals of justice and accountability, the President got less than nothing.

This was hardly unpredictable. The dramatic reactions of the wealthy investment to class to Obama’s mile criticism, the weak legislation of Dodd-Frank financial reform law, and the Occupy Wall Street movement demonstrated that Wall Street’s sense of entitlement and worthiness is fragile at the very least.

Only the most slavish devotion, only agreement on every point and only an acceptance of the financial industry as worthy, doing God’s Work, is adequate for the malefactors of great wealth.

The President should have realized this.

James Pilant

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Using Film in the Classroom, Air Crash Investigation: Cleared for Disaster

On By southwerkIn Teaching
English: Figure 3 of the NTSB report on the US...

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This particular episode is very interesting and, in particular, very useful for classroom discussion. We have an apparent case of air traffic controller incompetence leading to a runway collision. But is it as simple as that?

Once the program establishes that the controller made a mistake, it discusses understaffing, poor procedures, difficulty viewing the runway and a tempermental ground radar system that wasn’t working at the time.

This is a perfect film to show when discussing where does personal responsibility begin and end.

I recommend it for that purpose. I would be using it in business law but it is a good film to use when discussing ethics.

James Pilant

Here is an article about the crash. It’s a little technical but I recommend you go to the web site and read the whole thing. My thanks to AirDisaster.com!

AirDisaster.Com: Special Report: USAir Flight 1493

As the Skywest Metro awaited its takeoff clearance, USAir 1493 touched down near the threshold of runway 24L and shortly thereafter slammed into 5569. Both aircraft skidded down the runway, the Metro crushed beneath the 737’s fuselage. The wreckage came to rest on the far side of the taxiway against an empty building. All 12 in the Skywest aircraft were killed as were 21 people in the USAir 737, including the Captain.

AirDisaster.Com: Special Report: USAir Flight 1493

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