Is Grand Theft Auto Unethical?

Grand Theft Auto (film)
Grand Theft Auto (film) (Photo credit: Wikipedia)

Of course it is.

You steal cars and commit crimes. It’s a shrine to mindless violence and slaughter. People, even children, should know better. It’s not hard to pick up the meaning in games and decide whether or not you should go along. I used to play the original Fallout game. One of the add-ons provided me with an adventure in which I could end the scenario successfully by doing one of two horrendously unethical things. Those two were my only choices. For you aficionados, it was kidnap the child or join the evil guy. I refused to make that choice. I started a new game and never played that part of it again.

I currently play Fallout New Vegas. I teach ethics. I play as a hero. Nothing else is possible. You fight for the right and if the cause is just, you may have to die for it. There are moral ambiguities but I enjoy them because in this arena I can experiment and see what the outcomes would be of my actions, something denied me in real life.

I understand the occasional need to experiment with the dark side, but as far as I can tell, Grand Theft Auto is the dark side. I don’t think it is good business ethics to buy or play it.

Moral choices are important even in video games.

James Pilant

“Grand Theft Auto V”: Gaming’s dark misogynist cesspool – Salon.com

http://www.salon.com/2013/10/04/were_all_gamers_now_and_thats_just_fine/

I kind of know what Bissell is talking about. I am familiar with cesspool, reflective of so much of the Internet’s worst misogynist, homophobic and racist tendencies. That “internalized residual shame” is one reason why I personally gave up gaming. Solitary play, hacking and slashing, mowing down opponents in a rage of slaughter, just didn’t seem physically or mentally healthy. So I packed it in. Now I worry about what all the time my son spends gaming might be doing to him. Hell, I worry about what a generation growing up on ubiquitous, amazingly immersive gaming will do to the culture at large. Something, surely? A billion dollars was just spent in three days on a game whose structure encourages random violence and brutality. That can’t be good.And yet, at the same time, I don’t know what Bissell is talking about at all. Video gaming culture should not, cannot, be reduced to young men screaming profanities as they play “Grand Theft Auto V” on their dedicated consoles. Gaming, today, encompasses much, much more. My son and his friends spend hours in the cooperative, creative world-building domain of “Minecraft,” or chuckling their way through humor-drenched indie games like “Don’t Starve” (“An uncompromising wilderness survival game full

via “Grand Theft Auto V”: Gaming’s dark misogynist cesspool – Salon.com.

From around the web.

From the web site,

http://breakfastwithspock.wordpress.com/2013/09/05/after-the-war-i-thought-nothing-of-doing-bad-things-a-grand-theft-auto-iv-retrospective-part-1/

Grand Theft Auto is the ultimate male escapist fantasy. Grounded in a heightened reality of prostitutes, car chases and sweltering machismo, the series gives the player the ability to assert authority and control at the barrel of a gun. With only two weeks left until the release of Grand Theft Auto V, I stepped back into this world by replaying the previous entry, Grand Theft Auto IV and looking at a game which defined a console generation and offers clues to the next step. I’ll be trying to focus on some of the game’s elements and themes in each new post and how each worked together to create one of the most important games of this console generation.

From the web site –

Home to Reflections, Opinions, and Beer Reviews.

http://mthrisho.wordpress.com/2013/10/03/grand-theft-auto-v-innovative-mechanics-bad-writing/

When the game starts and we’re introduced to the characters, everything seems very fluid and interesting. After a brief and intense bank robbery to introduce us to the mechanics both old and new, we launch to Michael in his therapist’s office doing a wonderful Tony Soprano impression. The focus then quickly shifts to Franklin, who is walking by on the street and asks Michael for direction. From here the game’s story begins as we learn Franklin is a repo man for a car dealership, as well as a sometimes gangster. Franklin meets Michael while attempting to repossess his son’s car, and Michael offers to help him find ‘real work.’ We meet Trevor, Michael’s old bank robbing partner, after Franklin and Michael rob a jewelry store. This is where we learn that Michael had faked his death after the opening sequence, and is now in hiding, with Trevor setting out to find him while working on his own ‘business enterprise.’

From there the game expands into more heists, some government intrigue, and figuring out exactly what happened years ago between Trevor and Michael. While all of this is interesting, in a sense of the word, it never fully engages us in a solid narrative. In fact, there’s still plenty of ‘story missions’ after the main tension between Trevor and Michael comes to a head. Sadly though, a solid resolution never really comes about. Until the last few minutes of the game, Trevor still pretty much hates Michael and with very good reason.

From the web site, The Grand Theft Auto Blog.

http://thegrandtheftautoblog.wordpress.com/

The series is set in fictional locales heavily modelled on American cities, while an expansion for the original was based in London. Gameplay focuses on an open world where the player can choose missions to progress an overall story, as well as engaging in side activities, all consisting of action-adventuredriving, occasional role-playingstealth, and racingelements. The subject of the games is usually a comedic satire of American culture, but the series has gained controversy for its adult nature and violent themes. The series focuses around many different protagonists who attempt to rise through the ranks of the criminal underworld, although their motives for doing so vary in each game. The antagonists are commonly characters who have betrayed the protagonist or his organisation, or characters who have the most impact impeding the protagonist’s progress.

A Good Business Ethics Site

English: Goldman Sachs "GS Sustainability...
English: Goldman Sachs “GS Sustainability” Report 2007 (Photo credit: Wikipedia)

 

 

 

 

 

From the web site, Ethical Business Ethics

 

http://ethicalbusinessethics.blogspot.com/2013/09/happy-crash-anniversary-sort-of.html

 

Below these brief remarks are the writings of Rose-Anne Moore in her blog, Ethical Business Ethics. I’ve read some of her writing and I like what I see. Hopefully I can bring you more of her views on the world of business and Ethics.

 

James Pilant

 

It’s been five years since the financial markets nearly melted down, and threatened to take the whole US economy down with it. Feel like celebrating the anniversary?

 

I don’t, either.

 

The recovery has been unexciting, to say the least, and none of the big players have gone to jail. The best the Justice Department seems to be able to do is go after little fish. (I’m talkin’ ’bout you, Fabulous Fab!)

 

In fact, every since Fabrice Tourre, formerly of Goldman Sachs, was found liable for fraud early last month (click here for an example of the numerous news accounts), I’ve been thinking about the ones that got away. (I’m thinkin’ ’bout you, Jamie Dimon!)

 

What’s changed since 2008? What did we learn from the fall of Lehman Brothers? Not much. In Robert Reich’s words for Salon, the biggest banks are still “too big to fail, too big to jail, too big to curtail”. (click here for full essay)

 

Good way to start your Monday, right?

 

via Ethical Business Ethics.

 

 

 

Banks and Burglary

Bank Contractors Have Broken Into Hundreds Of Private Homes Since 2008

http://thinkprogress.org/economy/2013/10/03/2729021/banks-break-ins-homeowners-contractors/

Contractors hired by giant financial companies to manage abandoned and defaulted homes have broken into hundreds of the wrong private homes due to incorrectly identifying addresses and other basic errors, the Huffington Post reports.

When a bank or other financial company sees that a mortgage it owns has gone into default, it begins checking to see if the residents have abandoned the property. If they have, it takes responsibility for the upkeep of the property in order to protect its investment and the property values of surrounding homes. That work is often done on a contract basis by companies like Safeguard Properties, which has been sued at least 135 times over wrongful break-ins conducted in pursuit of property management contracts with banks, according to reporter Ben Hallman’s review of court filings around the country. In total, more than 250 lawsuits have been filed in 31 different states over the past five years.

via Bank Contractors Have Broken Into Hundreds Of Private Homes Since 2008.

The corporate use of contractors to escape regulations, push down wages and simply provide distance between a company and its unsavory practices continues. Here we have a particularly egregious example. Homes are being broken into without legal right, sometimes looted, sometimes vandalized. It’s enough to make you wonder if the rule of law only applies to individuals and not banking institutions and their sub-contractors.

James Pilant

David Yamada Explains Workplace Bullying

Not Teaching Anymore?

Here’s a post from an adjunct professor who quit. Her story isn’t unique. It’s becoming increasingly common.

James Pilant

From the web site, Bryn Greenwood

http://bryngreenwood.wordpress.com/2013/09/19/why-i-dont-teach-anymore/

Unfortunately, I don’t teach anymore. I made the decision to become a full-time secretary primarily because of an environment like the one described in this Pittsburgh Post-Gazette article, which details the downward spiral of Margaret Mary Vojtko, a long-time adjunct professor. Her poverty eventually led to her death, so I feel lucky that mine merely led to a secretarial job.

Universities increasingly rely on underpaid adjunct faculty to carry the burden of what are dismissed as “entry level” courses. It seems to escape university administrators and many tenured faculty members that those entry level courses matter the most. Those are the classes where freshmen get a firm footing for the courses they will take in the next three years. Underpaying the people who teach first-year college students seems equivalent to systematically paying first grade teachers less than sixth grade teachers. After all, teaching kids to read, that’s just entry level work. Easy.

Yet those same tenured faculty lament how many students arrive in their upper level courses without the most basic research skills. Why? Because the people tasked with teaching them basic skills – the underpaid adjunct faculty – do not have the time, energy, or institutional support to become truly great teachers. Some of them are teaching four courses per regular semester and two courses per summer semester (compared to the average tenured faculty load of two/two/zero for an academic year.) At the typical pay of $3,000-$3,500 per course, an adjunct is lucky to make $30,000 a year, teaching as many as ten courses per year.

Please go to her web site and read the entire post. JP

From Online Ph.D Programs
From Online Ph.D Programs

Lauren Bloom has a new author page.

Lauren Bloom has a new author page.

From the page –

Lauren Bloom
Lauren Bloom

Lauren Bloom is an interfaith minister and attorney who focuses on professional and personal integrity. Her career has been devoted to helping business professionals earn and maintain the trust of their clients, cutomers, colleagues and associates. An internationally-recognized expert on business and professional ethics.

I follow Ms. Bloom’s page. If you have a continuing interest in business ethics, I would recommend you follow the web site as well.

James Pilant

The Ethics Sage Advocates for Ethics

ImageThe ever-invaluable Ethics sage has a new posting –

http://www.ethicssage.com/2013/10/the-benefits-of-ethic-sages-ethical-business-practices-presentations.html

Here is a brief selection below:

Understanding Appropriate Conduct

Working in a corporate environment is a two-way street.  The leaders have to respect the team and vice versa.  This involves knowing the correct way to behave in a professional setting.  Many younger team members may come to the team with fewer boundaries than their older counterparts and there have been clashes in the corporate environment due to these differences.  Most of the time, this includes comments that are too personal or inappropriate, taking breaks that are too long or coming in late every day.  For a business to operate at its full potential, the employees have to be on the same page about what is expected, encouraged or discouraged.  This helps to create harmony and expectations that everyone can live up to. 

I fully agree. There can be few in business who would not benefit from following the Ethics Sage’s writing.

James Pilant

From around the web.

From the web site, C-Suite Mentor

http://csuitementor.wordpress.com/2013/01/22/importance-of-business-ethics/

It doesn’t take a rocket scientist to work these simple principles out. So why do highly educated professionals and seasoned businessmen and entrepreneurs make the mistake of forgetting business ethics? It requires the courage of your convictions and a good moral base in the individuals. Dishonesty does give you cash in the short term, much like sawing off the branch that you are sitting on gives you timber for a short time. So it will always be a temptation to those with weak morals coupled with financial pressure. In many cases it takes raw courage to be honest, but out of the troubles that businesses go through, its reputation grows, and businesses with good reputations are successful businesses. Naturally, you still need a good business plan and a hungry market, as well as ethics, to be successful. But good ethics are vital to keeping you successful.

From the web site, The Importance of Ethics for Professional Accountants

http://importanceethicsprofessionalaccountants.wordpress.com/

As accounting requires skills and ethical familiarity to a great extent for that ethics are most important for professional accountants. The concept of right or wrong can be cleared by learning about ethical terms thoroughly. To make correct decisions, they help you to make your personal guts strong. The Winnipeg accountants seem familiar in ethical terms and you may take a look at their ethical behavior to explore your knowledge. You may get aware just by searching out Winnipeg Business Directory and choosing the accountant’s category will lead you to all accountants of Winnipeg. When an accountant keeps ethical factors in his mind, he can easily come out from any pressurized situation. After being a proper professional accountant by applying ethical condition at yourself, you will never give your big attention in satisfying investor by keeping up income growth. This attitude make you think for long term as all successful organizations manage for long terms, not for short term. In case of fraud, your ethical behavior makes you able to confront your special relations. You get an inner strength by concentrating on ethical factors and any fraud point you do never ignore. As an accountant, ethics becomes your first priority you can confidently treat with ethical dilemmas and areas without focusing on black and white. You feel comfortable meeting with grey areas people. After getting informed about accountant’s basics and ethical skills you should present your services for public to be useful and popular as well. You can advertise your skills by using online business directory just get listed in Winnipeg Business Directory as this business directory is providing a gorgeous access its visitors to get in touch with each other regarding relevant business, service or product need. You never under represent your time for implementing required terms. You never compromise with ethical factors and will easily go along with the crowd to do what your managers tell.

Not What We Expected

international student movement
international student movement

Not What We Expected

Political Animal – The suicide rate continues to soar; or, how our dysfunctional economy is literally killing us

Our pension system is a shambles and we’ve seen a wave of mortgage foreclosures. Many people in this economy have lost their jobs and everything they’ve worked hard for all their lives, and have no realistic prospects of finding a decent job ever again. They are understandably freaked out, stressed out, and depressed. Losing one’s job is one of the most traumatic things that can happen to a person, especially in this dismal economy. Moreover, when people lose their jobs, they also tend to lose their health insurance. And without access to decent mental health care, many depressions go untreated.

In the Times, one expert has this to say:

“The boomers had great expectations for what their life might look like, but I think perhaps it hasn’t panned out that way,” she said. “All these conditions the boomers are facing, future cohorts are going to be facing many of these conditions as well.”

How many people in this country will end their working lives having seen a significant decline in their living standards, relative to the standards their parents enjoyed? For the first time in America, declining economic mobility is a reality for many of us. The dashed dreams and expectations so many Americans are experiencing may explain much of the increased suicide rate. This economy is literally killing us.

Political Animal – The suicide rate continues to soar; or, how our dysfunctional economy is literally killing us

I was a little boy when Walter Cronkite had a program called “The 21st Century.” It talked about the wonders we could look forward to in the new century. We had a lot of hope and belief in continuous progress. The United States had done so much and had been so successful, we knew things could only get better.

We were wrong. The 21st Century is not what we expected,  not in our wildest dreams. Some of what people thought was supposed to happen was silly: personal robots, etc; but economic insecurity? in the United States? No one would have believed that.

The middle class is severely damaged, opportunity more circumscribed than the Gilded Age. The dreams of building great cities, great wonders, etc. don’t even seem to exist.

For the 1% this is a golden age beyond all imagining, and yet they do not have enough. They want more.

Yes, some people in the face of this kind of world are opting to die. I’m not surprised. We were supposed to be better off not worse.

James Pilant

Some Opinions on Preference Utilitarianism!

 

John Stuart Mill
John Stuart Mill

Some Opinions on Preference Utilitarianism!

A Basic Justification for Preference Utilitarianism | Life, philosophy, and a whole lot else

Preference utilitarianism bases itself on the idea used in classical utilitarianism, that the principle of utility is the most important basis of moral decision-making. This principle is about maximising pleasure/happiness or preventing pain/suffering, as Bentham says. Preference utilitarianism retains this but simply modifies it to be subjective, that people’s preferences should be maximised, not pleasure over pain. This is a simple way to be personal, allowing everyone their own say rather than simply assuming pleasure is always desirable (since it is not, e.g. eating a bar of chocolate when morbidly obese, as a simple example), or that pain is not (common in religious life, or secularly the opposite of before – exercising). So this is a simple upgrade of utilitarianism.

It could be argued that people are irrational, they do not always have the right preferences or are not in a position to have one. But we can surely not assume that people are alwyas irrational. If we were to do so, then the ethical system could simply not be applied since people would use it illogically or misinterpret it. For classical utilitarianism, we would be saying that pleasure is desirable but some people (since they are irrational) would not desire it. It is similar in economics – we have to assume people act rationally, even if in practice it is unlikely to always be the case.

A Basic Justification for Preference Utilitarianism | Life, philosophy, and a whole lot else

This is the first statement of preference utilitarianism I found with a web search. I thought I would look around the web and see what other web sites had on the issues. This is an important concept in business ethics. People choose their greatest happiness by making decisions based on their preferences. It’s very free market. Milton Friedman would find a lot in this to like.

James Pilant

From around the web –

From the web site, Mike Vernon: Philosophy and Life Blog:

However, it was on the last issue that the conference demonstrated real philosophical interest too. Singer admitted that his brand of utilitarianism – preference utilitarianism – struggles to get to grips with the vastness of the problem of climate change. Further, there is an element that comes naturally to Christian ethics which his ethics might need in order to do so. It has to do with whether there are moral imperatives that can be held as objectively true.

Climate change is a challenge to utilitarianism on at least two accounts. First, the problem of reducing the carbon output of humanity is tied to the problem of rising human populations. The more people there are, the greater becomes the difficulty of tackling climate change. This fact sits uneasily for a preference utilitarian, who would be inclined to argue that the existence of more and more sentient beings enjoying their lives – realising their preferences – is a good thing. As Singer puts it in the new edition of his book, Practical Ethics: “I have found myself unable to maintain with any confidence that the position I took in the previous edition – based solely on preference utilitarianism – offers a satisfactory answer to these quandaries.”

Second, preference utilitarianism also runs into problems because climate change requires that we consider the preferences not only of existing human beings, but of those yet to come. And we can have no confidence about that, when it comes to generations far into the future. Perhaps they won’t much care about Earth because the consumptive delights of life on other planets will be even greater. Perhaps they won’t much care because a virtual life, with its brilliant fantasies, will seem far more preferable than a real one. What this adds up to is that preference utilitarianism can provide good arguments not to worry about climate change, as well as arguments to do so.

From the web site, AlevelRE.com: (This is a teaching site with a great deal of useful and well-written content on Utilitarianism. I strongly recommend it. You should go to the site and read more of the content.)

Preference Utilitarianism
This form of Utilitarianism is most commonly associated with Australian philosopher, Peter Singer.
His modern take on the greatest happiness principle focuses on the impact an action will have on
the preferences of those directly affected. In achieving the greatest happiness, Singer argues that
we should act in a way that satisfies people´s preferences—in other words, what people prefer or
would most like to happen.
Like Utilitarians before him, Singer emphasises that peoples’ preferences count equally—my
preference for something is no more important simply because it is my preference. This requires an
impartial perspective is taken when considering the correct moral action. In identifying the right
thing to do, we must consider all those affected by an action and aim to act in accordance with
the majority´s preferences.
This is different from the hedonism of Jeremy Benthem since Singer is considering a more
sophisticated view of what maximises happiness. Where for Benthem, actions are considered in
terms of pleasure and pain, Singer recognises that different people have different preferences and
it is best to act in the best interests of those concerned. Take the story of the Blacksmith & the
Baker—Bentham would argue that the execution of the innocent baker maximises the happiness of
the community, despite his protestations. However, Singer would not allow this as the action goes
directly against the preferences of the person most affected, ie the Baker´s preference for
continued existence.

From the web site, Philosopher in a Phonebox:

I am slightly puzzled by Preference Utilitarianism. This post is an attempt to tease out that puzzlement as much as anything else.

Preference Utilitarianism is a form ofConsequentialism, a moral system in which the rightness of an action is judged based on its consequences. The original form ofutilitarianism put forward by Bentham argued that whatever increased pleasure and minimised pain was right. Preference Utilitarianism instead says that whatever satifies preferences is right.

The Stanford Encyclopedia of Philosophygives a few problematic preferences in criticism of Preference Utilitarianism but it seems to me some miss the mark. A preference to torture children would be counterbalanced by the children’s preference to not be tortured which is likely to be stronger. A preference to drink acid in mistake for a cool beer is not really a preference to drink acid but a preference for beer directed in error at the acid (being told the drink is acid will not remove the desire for beer, merely change the person’s belief that the drink is beer). Preferring to write very small may seem trivial – but to some, so might ivory carving, or discovering the Higgs Bosom.

From the pdf file: http://lawrencetorcello.files.wordpress.com/2011/08/peter-singer-encyclopedia-of-global-justice-penultimate-draft3.doc

Peter Singer (b. 1946)

The work of Peter Singer spans the entirety of major applied ethics topics. It is no coincidence that the development of Singer’s career runs parallel to the development and growing prominence of the aforementioned discipline. Singer’s work both helped to define the range of concerns in applied ethics, as well as to elevate the standard of intellectual rigor in the field. Singer has made major and lasting contributions on issues of bioethics, environmental ethics, and global poverty. Part of Singer’s effectiveness as a philosopher, as well as his influence outside of the academy, rests on the fact that his most powerful arguments require only that one accept a seemingly innocuous set of premises, most of which his readers are likely to hold implicitly (e.g. suffering and death from lack of proper nutrition and medical care is bad; if one can prevent something bad from happening without compromising something of similar moral significance, then one ought to do so). Following from these established premises, Singer then leads his readers through their logical and practical implications, to a conclusion he hopes will impact their behavior. All of Singer’s principal insights are consistently grounded in utilitarian considerations.

 

 

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Zombie Housing Apocalypse Arrives

English: U.S. Household Property Foreclosure C...

English: U.S. Household Property Foreclosure Chart 2007 (Photo credit: Wikipedia)

evil_bankerZombie Housing Apocalypse Arrives

Foreclosed ‘Zombie’ Homes Exceed 300,000 Properties: Study

A national survey found 301,874 “zombie” properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation.
Florida tops the list of zombie properties with 90,556 vacant homes in foreclosure, according to a foreclosure inventory released on Thursday by RealtyTrac, a real estate information company in Irvine, California.
Illinois and California ranked a distant second and third with 31,668 and 28,821 zombie properties respectively on the list.
The number of homes overall in foreclosure or bank-owned rose by 9 percent to 1.5 million properties nationally in the first quarter of 2013 compared to a year ago, according to RealtyTrac.
Another 10.9 million homeowners nationwide remain at risk because they owe more than their property is worth, according to company vice president Daren Blomquist.
RealtyTrac for the first time analyzed data on zombie properties after a Reuters’ special report in January examined the special problem of zombie titles, Blomquist said.
Reuters revealed the plight of people who walked away from their homes not realizing that their names remained on the deed and that they were financially liable for taxes and other bills related to the abandoned property.

Foreclosed ‘Zombie’ Homes Exceed 300,000 Properties: Study

 

The zombie apocalypse has arrived but it’s not people risen from the dead, it’s houses. Our broken, ill administered foreclosure system has produced this mess. But don’t worry, Congress will quickly and simply fix the problem. Whoops! I forgot who I was talking about, the greatest band of malingerers since George III sent appointees to run the colonies.

Vital housing that could be used to shelter the nation’s homeless and unfortunate is decaying into wreckage while the homeowners – a colloquial phrase for those driven from their homes by a mortgage industry as calculating, cold and inhuman as the Martians in H.G. Wells, War of the Worlds.

See if I am mistaken: (From the opening paragraph of the book.)

“No one would have believed in the last years of the nineteenth century that this world was being watched keenly and closely by intelligences greater than man’s and yet as mortal as his own; that as men busied themselves about their various concerns they were scrutinised and studied, perhaps almost as narrowly as a man with a microscope might scrutinise the transient creatures that swarm and multiply in a drop of water. With infinite complacency men went to and fro over this globe about their little affairs, serene in their assurance of their empire over matter. It is possible that the infusoria under the microscope do the same.”

The law has not kept up in this relationship between predator and prey, and we all suffer for it. Foreclosure should pass the duty of care to the banks and not compound the misery of losing one’s home with an avalanche of fees to shatter any remnant of security and pride.

James Pilant

From around the web:

From the web site, Foreclosure Defense Group:

GG has been successfully fighting the banksters since 2008 and continues that battle today. She is still in her happy home, but the capitalist onslaught is relentless. On February 14th (although a judge had promised her personally that it wouldn’t happen), the court sent an eviction order to the Alameda County Sheriff to evict her, her roommate and all furniture and personal belongings.

The eviction is set for February 26 (next Tuesday) at 6 am.

GG is no stranger to the fight against capitalist imperialists. Her parents demonstrated for Tom Mooney at the 1932 Worlds Fair. Her mother got 6 months and her father got a year in prison. Her father was in the historic heroic general strike in San Francisco in 1934. Her father later organized the ILWU (International Longshore and Warehouse Union) local in Sacramento. He was a union leader and was paid the same as the workers. The Workers always said “he’d give you the shirt off his back”

From the web site, The Foreclosure Detonator:

Values declined not because of the market, they declined because those very same banks who oppose these write downs created this mess by providing mortgages to almost anyone creating a housing boom that was destined to crash.  Yes, they know what they were doing but greed took control of corporate governance and patriotic spirit.  The attitude of  let’s rake in as much cash as we can then when it all fails we can take back all those homes and rake in even more cash for homes we have no investment in.

The housing crash was created by the banks unlike what New York City’s Mayor Bloomberg says.  He says blame it on Congress (and Fannie Mae who he says makes loans – wrong!).  Yes, while I believe it was a direct mandate from the White House beginning with Bill Clinton, the banks could have and should have used their better judgment and declined the push from above.  But GREED is a very dangerous intoxicant.   Given the green light by those high up in our political circles – the ones in charge – they quickly did what they believed was their patriotic duty to comply and fill their own pockets.

And from the web site, Foreclosure Testimony /:

What is a Wrongful Foreclosure Action?

A wrongful foreclosure action is an action filed in superior court by the borrower against the servicer, the holder of the note, and usually the
foreclosing trustee. The complaint usually alleges that there was an “illegal, fraudulent or willfully oppressive sale of property under a power of sale contained in a mortgage or deed of trust.” Munger v. Moore (1970) 11 CA.App.3d. 1. The wrongful foreclosure action is often brought prior to the non-judicial foreclosure sale in order to delay the sale, but the action may also be brought after the non-judicial foreclosure sale. In most cases, a wrongful foreclosure action alleges that the amount stated as due and owing in the notice of default is incorrect for one or more of the following reasons: an incorrect interest rate adjustment, incorrect tax impound accounts, misapplied payments, a forbearance
agreement which was not adhered to by the servicer, unnecessary forced place insurance, improper accounting for a confirmed chapter 11 or chapter 13 bankruptcy plan. Wrongful foreclosure actions are also brought when the servicers accept partial payments after initiation of
the wrongful foreclosure process, then continue with the foreclosure. Companion allegations for emotional distress and punitive damages usually accompany any wrongful foreclosure action.

 

 

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