John’s Daily Blog Older #18 Date (06/23/12- 05/9/12)

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June 23rd to March 5th

But click here for today’s daily blog

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June 23rd, 2012

I have received a huge response in regards to the Mitchell J. Stein and (Name Redacted) blog that I wrote. I am still in the process of responding to all the emails that many of you have sent me in regards to it – but I was happy to see that many of you agreed that Mitchell J. Stein and (Name Redacted)seemed to have joined forces in an attack against me. Now some of you wondered how I was able to put it together so quickly. However, nobody here should be wondering, if you consider that I built my blog in a way to defend myself from any unethical attacks from what used to be considered the largest bank in the world at the time. Let’s also not forget that I am very well versed in unethical law firm warfare tactics too — but as a way to protect myself from any potentially disgruntled Brookstone competitors that think I am a part of Brookstone Law. That is why it should only stand to reason that I would eat shit like this for breakfast. Now put that together with the fact that I know how Mitchell J. Stein’s shit stinks – and you would understand that it is very unlikely that he would get away with it for any long period of time with me. Unfortunately, everybody here seems to understand this fact, with the exception of maybe Mitchell J. Stein himself, who might have made a terrible miscalculation.

Nevertheless, many of you wanted to know what I thought about the content and the merits of the New York lawsuit itself. Well, to be honest, I actually thought it was very well written. It is exactly why I question even if Mitchell J. Stein had anything to do with writing it – in which I am more inclined to think that maybe one of the other attorneys might have written it. I say this because — Mitchell J. Stein might not be known for being all that talented in writing up lawsuits. In fact, there might be some who say that he actually sucks at it. If you do not believe me — all you have to do is ask the Honorable Judge Highberger what he thought of the Legaspi vs. Spivak lawsuit.

Judge Highberger: “The Complaint challenged by this motion is one of the most addled pieces of legal drafting this Court has ever seen in 40 years of legal practice and judicial service.”

Therefore, clearly, Mr. Stein might not be known for his lawsuit writing talents. What he “was known” for might be his talent to bullshit. This is exactly why it might be said that he tended to be better at representing a lawsuit that someone else wrote in the courtroom.

However, I am also afraid that the talented attorneys working for Spire might not be there long enough to defend the New York lawsuit. (unconfirmed) This is because I am not only afraid that just the homeowners might end up victims with Spire Law Group and Mitchell J. Stein — but I am actually afraid that the attorneys dealing with Spire Law Group might end up victims. That is if the best predictor of the future is the past. For example, I am guessing that right about now these other attorneys might not be being paid all the money they were promised by Mitchell J. Stein. (unconfirmed) I am guessing they are being told they are going to be paid on this day or that day — but then they never hear from Mitch — and cannot get a hold of him — until the next time he contacts them with another date when he wants something from them. (unconfirmed) If true — this is probably causing a lot of conflict behind the scenes between Mitchell J. Stein and these attorneys — in which the attorneys working for him might become more like a hostage crisis in the end. I say this because – I have spoken to many attorneys that used to work for Mitchell J. Stein & Associates in the past — and they have all told me about their experience working with Mitchell J. Stein. I was even sent an email that one of the clients had received from an attorney that defected. I like to title it the “Dear Selfish Mitch” email.

Dear Selfish Mitch,

Looks like “you got served”! You deserve it. I read the arrest warrant.

That is what you get for: dissing your baby in orange county, treating your staff like they are shit, taking in money but not paying any out, ripping off people, not returning your clients’ phone calls and trying to be something you’re not!!

What I’m trying to figure out is “How are you going to sue Kamala for your so-called rights, when you just got indicted by THE UNITED STATES OF AMERICA?”

Your probably still trying to brainwash your staff into thinking your going to win this…….and that—- “that raid was unlawful”. Well don’t let me be the one to pull your covers, dude, your going to serve prison time, and you will be forced to take responsibility for your own actions. Next, you’ll be claiming you are a Christian.

I don’t even know why Mike Riley and Eric Davis put up with you. I couldn’t, that is precisely why I left, why Roni Keller left, why Berger and Seth left.

Your train is pulling into the station pretty soon and everyone is going to have to get off.

Mitch is an evil person. He is a habitual liar, and to be honest with you, he must’ve never learned in first grade, (like the rest of us), that cheaters never prosper.

Ouch!

For the record, Mike Riley did leave.

Stein told me that he was — “escorted out in handcuffs.”

Hey! You know what this is? It is a bullshit detector! And it’s working!

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This is why I suggest everyone around Stein should carry one at all times. This is because, as usual, it ended up being another lie. We all know that Mr. Riley is known for his integrity in many circles — which is why not one person would ever believe this “bullshit.”

Well Stein should look at the bright side — which is that this email was a lot nicer than the words my twenty three year old cousin had to say about him — after Stein talked him into working for him — and my cousin went and did it against my wishes — and Stein potentially ruined my cousins life because he did not pay him. My cousin lost all the money (5,000) he had saved up and used to relocate where Stein was. However, for the record, the author of this email might want to know that Mitchell J. Stein did claim to me that he was a Christian. (Scratching my head) So now — what next?

All this — and yet — (Name Redacted) must disagree with all of us. This is because he was still working with him even though I told (Name Redacted) all about Stein when I first met him. Or, Arney and Covert are being promised money for their services of — not only doing the Spire Law Group title search — but for going against me and a few others that Stein might have a vendetta against. I guess (Name Redacted) did not learn that if you hang around a “Doberman” for too long — you get fleas. That is why I am guessing that the only motivator could be money (unconfirmed) — and that (Name Redacted) response to the first conversation with Mr. Stein might have been like the guy in the youtube below.

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He should keep in mind that the movie is titled — “Idiocracy.”

Either way — poor (Name Redacted) This is because he might have to learn the hard way what the others had learned after about six months of dealing with Stein. I say six months — because it has been said that this is about the time that the average person will last around Stein.

This is why, unfortunately, there are many who believe that Mitchell J. Stein might have used these attorneys in the New York lawsuit — without their knowledge — just to write up the lawsuit as one big gigantic marketing scheme to bring money in for himself and Spire Law Group. (unconfirmed) For the record, even though some of these attorneys do not like me, I am not giving a consumer alert because they are involved. That is because I have heard that Stein has been known to be able to potentially fool many very reputable and talented attorneys in the past. That means if I am correct — it might mean they standing there all dressed up and nowhere to go — if Stein and Spire do not actually give them all the money to litigate the New York Lawsuit. Even if he did — which I am doubting — I have also shared with you that I find it highly unlikely that Spire Law Group has the money or the resources or the staff to go up against the nearly two thousand financial institutions listed in his lawsuit. Nevertheless, the New York lawsuit itself seemed to be rather well written — if not actually rather impressive.

Even with that being said — everyone should be warned that a Mass Litigation Alliance affiliate said to me in a threat one time that “Mitch is only in this for the settlement money, not for your causes, but even Mitch knows his limitations and realizes when he is playing with fire. Mark my words, this blog won’t be here much longer. Enough said.” – Threat made to John Wright

However, let the record show that the person who wrote this threat might have been right about Stein — but would ultimately be wrong when it came to me and my blog. That is because Mass Litigation Alliance and Attorney Phillip Kramer are gone – but my blog and me are still here.

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Enough said.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 20th, 2012

Now many of you that have asked what I think about the Spire Law Group lawsuit that was filed in New York. In fact, even until today, I get asked this question, which is why I have finally decided to write my response in a blog. This way I will not have to say the same thing over and over in emails.

The simple fact is, in my opinion, I think the New York lawsuit is the biggest bunch of bullshit I have ever seen. This is because I have heard from many attorneys (not from Brookstone Law) that this kind of lawsuit would cost something like 10 million dollars. (Unconfirmed) There are also many who do not believe that Spire Law Group has either the money or the staff to sustain such a lawsuit. (Unconfirmed) That is why there are many who doubt that all the defendants will actually be served – in which they believe that the lawsuit is nothing other than a marketing attempt by Mitchell J. Stein. (Unconfirmed) Therefore, unfortunately, there are many who believe that Spire Law Group will end up dismissing the lawsuit without prejudice at a later date – such as happened with the other New York Lawsuit that Mitchell J. Stein had put together. (Unconfirmed)

The reasons I do not trust Spire Law Group:

• I do not trust any lawsuit that has anything to do with Mitchell J. Stein. – Click here
• Mitchell J. Stein & Associates were previously raided – Click here
• Get-Out-Of-Debt-Guy wrote an article about Spire Law Group – Click here

I mean — after considering the above — what’s not to love, right?

That is why I would probably call them “Fire Law Group” if I was with them.

It is also why I am happy that I am at Brookstone Law instead.

This, of course, does not mean that I think people should rush to Brookstone Law because I have given you my opinion here. The fact is — I could care less if people go to Brookstone Law or Spire Law Group. That is why I want to let people know to please not contact me to escort them to Brookstone Law. I say this because there have been many who have contacted me by email in the past that want to leave Spire Law Group for their own reasons. The fact is that I am only a client at Brookstone Law — and do not work for Brookstone Law – which is why I do not want to do it. The simple fact is that there are people who are paid to do that at Brookstone Law. This is why people need to just contact Brookstone Law directly if that is what they want to do. I am sorry – but I simply do not have time for it – and I hope you understand.

In conclusion, and for the record, I have no disgruntled feelings towards Mitchell J. Stein — or any of the other attorneys there at the firm. I have simply posted my opinion on this subject in an effort to avoid having to either ignore or answer a high volume of emails in the future about this topic. I have no inside information that would say that I have any knowledge that the Spire Law Group lawsuit is not a real one.

Yet — it is true that I might have the ability to smell the sulfur of Satan wherever he goes.

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Good day Mr. Stein.

• Mitchell J. Stein federal arrest
• California AG raid of Stein’s office
• Do you know Mitchell J. Stein

Well at least Mitchell J. Stein and (Name Redacted)can say that they have something in common. For example, they are both not able practice law in the State of California. (Wink) - Calif. State Bar

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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June 18th, 2012

Jamie Dimon, who is the Chief Executive Officer (CEO) of the JPMorgan Chase bank, testified on Capitol Hill last week before the Senate Banking Committee on June 13th, 2012. He testified in regards to the $2 billion dollars in trade loss that JPMorgan Chase experienced because of irresponsibility and risky bets back in March and early April of this year. He testified to the Banking Senate Committee that it was because “CIO’s traders did not have the requisite to understand the risks they took.” In other words, in short, it meant that they did not know what the fuck they were doing.

Now there were many who were shocked at the blatant public display of bravado and smugness that Jamie Dimon seemed to display before the Senate Banking Committee. There were even more people that were shocked and disgusted by the apparent “love fest” that was happening between some of the members of the Senate Banking Committee and the JPMorgan Chase CEO. This is because some of the Senators were caught on camera giving obvious “love stares” as they listened to Jamie Dimon answer their questions. For example, the youtube below will show you where one Senator starts by first lecturing Jamie Dimon by saying that he “understands the pressures” and he “is not labeling them or judging them” — but only feels that they are destroying Jamie’s potential. The Senator then tells Jamie that there are to be “no more shenanigans” and “no more tomfoolery” and “no more ballyhoo” — because he is not going to get off that easy. However, I want you to pay close attention to the readily apparent “love stares” that the Senator gives to Jamie when he tries to explain to the Senator just why he thinks he is this way.

Remember to look for the love stare.

(Please always watch the youtube attached because it is part of the story)

Okay, so that really was not the Senator or Jamie Dimon. However, I think you get the point.

Nobody should really be surprised that Jamie Dimon and the Senators acted this way though, after you consider that JPMorgan Chase has donated a substantial amount of money to at least six of the twenty two Senate Banking Committee members campaigns. This is including the Chairman of the Senate Banking Committee himself, Senator Tim Johnson from South Dakota. This is because it has been reported that JPMorgan has donated at least $80,000 to Senator Johnson since 1998 – but for the record — they have also donated $136,000 to the top Republican on the Committee, Senator Richard Shelby of Alabama. This might be why the Senate Banking Committee hearing ended up being nothing other than the usual ass grabbing and love stare looking event that we all witnessed happening between members of the Senate Banking Committee and the JPMorgan Chase CEO, Jamie Dimon.

I mean I don’t think I have seen such “love stares” since the BofA and Merrill Lynch CEO were together when BofA bought Merrill Lynch. Click youtube below pictures and listen while you view pictures.

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With that being said, there was one Senator who did challenge Jamie Dimon on the JPMorgan taxpayer Bailout issue. Senator Jeff Merkley (D-Oregon) pointed out to Jamie Dimond that JPMorgan:

1. Had benefited in Half a trillion dollars in low cost federal loans.
2. Had benefited in 25 billion dollars in TARP loans.
3. Had benefited from untold billions indirectly from the bailout of AIG — which helped address their massive exposure and repurchase agreements and derivatives. In other words, if the investors did not receive the insurance money because AIG went belly up – it is likely they would have sued JPMorgan Chase and the other banks for selling them loans that they had misrepresented as being stable. This is because, as we all know, the commercial banks originated loans with homeowners who could not afford the payments. This is because the loans were securitized or insured and, therefore, the banks did not give a shit because soon it would be someone else’s problem once they sold it.

Senator Jeff Merkley (D-Oregon) also implied to Jamie Dimon that JPMorgan would have gone down without the massive federal intervention that had come both directly and indirectly in 2008 and 2009. That is when a very potentially disgruntled and snarky Jamie Dimon told Senator Jeff Merkley that he was “misinformed.” This is because, according to Jamie Dimon, JPMorgan did not need the bailout money that was given to them at that point. He then goes on to explain to the Senator that they had only taken the money because former United States Treasury Secretary Hank Paulson asked them to. This is because Henry Paulson told them that they needed to take it to give to the other banks to save the entire American economy from collapsing. That might be why Jaime Dimon and the former CEO of Bank of Destroying The American Dream, Ken Lewis, think that you and I (the taxpayer) should thank JPMorgan and Bank of Defrauding America for being such great patriots by taking the bailout money to save the economy that they played a major role in ruining.

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Don’t worry Senator Merkley – I’ve got this one for you — because I have longer than five minutes to talk. I will tell America what you really wanted to say.

For example, I noticed that Jamie Dimon’s testimony neglected to mention that these INVESTMENT BANKS AND THE AMERICAN ECONOMY WERE COLLAPSING BECAUSE OF THE BAD HOME LOANS THAT JPMORGAN AND THE OTHER COMMERCIAL BANKS – SUCH AS BANK OF DESTROYING THE AMERICAN DREAM — HAD CREATED AND SOLD TO THE NOW COLLAPSING INVESTMENT BANKS.

The reality is that the investment banks were collapsing because — metaphorically speaking — the dope dealers (commercial banks) had made and sold a bad batch of crack (bad home loans) to their customers (the investment banks). I mean — of course the metaphoric drug dealers (the commercial banks) did not need the bailout money. That is because they had just made all that money selling that bad crack to their customers (the investment banks). However, the dope dealer’s customers (the investment banks) were all dying from buying and ingesting the bad batch of crack the dope dealers had just sold them. This would of course overload the hospital (AIG Insurance Company) with millions of overdosed crack victims (the investors) who had just ingested the bad crack (the bad loans). Unfortunately, the hospital (AIG insurance company) was not built to accommodate millions of overdosed crack victims (the investors) all at the same time. This resembled the investors making a run on the bank – or should I say – the insurance company. This would force the taxpayer (You) to give the hospital (AIG insurance company) a big fat taxpayer bailout. This would result in the drug users (the investors) not asking for a big fat refund from the bad crack (bad loans) that the drug dealers (commercial banks) had just sold them. Then the taxpayer (You) were forced to even give the dope dealers (commercial banks) a 16.6 TRILLION DOLLAR BAILOUT – just so the dope dealers (commercial banks) could buy back the entire batch of bad crack (bad loans) they had just made and sold to their customers (the investment banks such as Merrill Lynch) with taxpayer money. This is so the entire economy of the United States and the World would not eventually die from the bad crack (the bad home loans) that the drug dealers (commercial banks) had just sold them. This is because we were already seeing the effects of the bad crack (bad loans) that were sold to international investors – such as Greece. That is because the people of Greece (unlike the fat – dumb – and happy Americans who did nothing) were none too happy that their government wanted them to pay to save their investors by raising their taxes. Nevertheless, it seemed those chickens came home to roost for the dope dealers (the commercial banks) — because even the dope dealers had a problems now. This is because in 2009, nobody (meaning the investors) wanted to buy their bad crack (bad loans) anymore. What a dumb dope dealer to kill their customers with a bad batch of crack. However, the dope dealers (the commercial banks) could not help themselves because they were too greedy to stop long enough to see they were even killing themselves with the bad crack (bad loans). Now the dope dealers (the commercial banks) were about to also collapse – which incidentally – the United States economy was connected to both the good and the bad crack the drug dealers (commercial banks) had made. That is why the taxpayer (You) purchased Fannie and Freddie. That way Fannie and Freddie (the government) could stop the dope dealers (commercial banks) from collapsing — by buying up all the dope dealer’s (the commercial bank’s) bad crack they now had no customers (the investors) for anymore. Unfortunately, the result would be that Fannie and Freddie (the government and taxpayer) would now be the proud owner of bunch of bad crack (the bad loans). It is also why you actually have a zero balance with your lender — because the taxpayer paid off the loans to the banks. Nevertheless, in the meantime, the dope dealers (the commercial banks) realized that they now had a new customer that would continue to buy their bad crack (the bad loans). This new customer was way better than the old customer (the investment banks) — simply because this new customer would continue to buy their bad crack (the bad loans) even though they knew it was bad crack. The new customers were THE UNITED STATES GOVERNMENT. They knew that the United States government would continue to buy the bad crack in the form of bailouts – because like a junkie – the United States government needed the crack and the drug dealers to survive to get their fix that helped them survive too. There were also no laws to stop the drug dealers (the commercial banks) from making the bad crack (the bad loans). Well, I should say there used to be law against it, until the Clinton administration was able to get the Glass-Steagall Act repealed.

Now Jamie Dimon wants you to believe that they lost $2 billion dollars because the JPMorgan traders “did not have the requisite to understanding the risks they took.” However, in my opinion, Jamie Dimon and JPMorgan Chase are only trying to make one more last drug run before the drug is made illegal again.

That is why the American people will not be saying thank you for taking the bailout money, Mr. Dimon. Instead, the American people will be telling tell you to go fuck yourself!

See! I told you I got it Senator Merkley!

Click here to see second half of John Stewart show about Jamie Dimon & Senate
Now does anyone here still wonder why Iran wants nothing to do with implementing the American system in their country? (tongue- in – cheek) Come on Iran! It’s not so bad! Don’t be a dummy! Be a smarty! Come and join our banking party!

Well look at the bright side — which is that I guess we never have to worry about Iran destroying America with a nuclear weapon. This is because the Senate Banking Committee will have already let JPMorgan Chase and Jamie Dimon totally destroy America by the time Iran has built one.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

Full C-SPAN version Senate Banking Comimitee testimony

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June 16th, 2012

Brookstone Law filed the Wright et al vs. Bank of America lawsuit on February 9th, 2011. Then the Bank of America attorney, Stuart Price, filed a demurrer soon after, which is basically a motion the bank attorney makes to try and have the lawsuit dismissed. Fortunately, Mr. Price was not able to get the whole lawsuit dismissed. However, unfortunately, Mr. Price was successful at being able to get one of what used to be considered one of the main causes of action thrown out by the judge. This cause of action was the “intent to conceal fraud cause of action” that I spoke about in the last update. Yet this cause of action being thrown out was fairly predictable by the Brookstone team. This is because it was the very same cause of action that was thrown out the Ronald et al vs. Bank of America lawsuit months previous. As previously explained, the Wright lawsuit was virtually identical to the Ronald lawsuit at one time. This is mainly because the Ronald and Wright teams were working together when the Wright lawsuit was first drawn up. Things would only drastically change when there was a falling out between Brookstone Law and one of the main architects of the Ronald lawsuit. This resulted in not only a divorce of sorts between this potentially disgruntled and scandalous attorney and Brookstone Law — but it is also why the Wright lawsuit would metamorphosis into a completely different lawsuit than the Ronald lawsuit. Yet there were and are still parts of the Wright and Ronald lawsuits that are similar when it comes to the causes of action in them from the past. The only difference is that Brookstone has added many more updated and hybrid causes of action over time – which make the Wright and Ronald lawsuit completely different now. This mainly is because there has been so much more evidence and information that has come out about Bank of America and Countrywide, such as in the case of the whistleblower who testified that Countrywide and Landsafe purposely inflated the appraisals of homes. - whistleblower story In other words, there seems to be yet another blunt evidence of the “intent to commit fraud” now. This is exactly why Attorney Deron Colby made a “Motion for Reconsideration” by the judge for the “intent to conceal fraud cause of action” being thrown out. Yet even considering — Judge Andler announced in May that she would not be reconsidering her decision on the matter – even though she said she was quite sure that Brookstone Law would be appealing her decision. Nonetheless, the Honorable Judge Andler did, however, grant the Brookstone Law motion to amend to add Landsafe evidence to the lawsuit. In addition, and much to the Bank of America attorneys objection — the judge also granted the Brookstone Law request to have additional time to amend the Complaint. Why did they need additional time? Why did it take so long for Brookstone Law to complete this process? Well you are about to find out.

I am happy to inform the Wright et al vs. Bank of America Plaintiffs that on Friday, June 15th, 2012, Brookstone Law filed the 5,371 pages updated amended complaint you see below.

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Let it never be said that Brookstone Law has not been working hard on the Wright et al vs. BofA lawsuit. This is because, as I am sure you can imagine, there must have been a lot of hours and staff utilized to prepare every last detail that has been spelled out in these 5,371 pages.

This is a perfect example of why I can assure you that joining a mass joinder is the only way to go if you are going to sue what used to be the largest bank in the world. This is only after you consider the amount of money a person would have had to pay to have an individual attorney file 5,371 pages in an individual lawsuit. Even if you are independently wealthy enough to bring an individual lawsuit against a bank – you better make sure that law firm has the staff to take on such a monumental task.

That is why I can confidently tell you that Attorney Deron Colby and Vito Torchia and other Brookstone attorneys and the entire Brookstone Law staff are doing a great job!

The Wright Plaintiffs thank you for a job being well done Brookstone Law.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 14th, 2012

Martin Andelman from Mandelman Matters had written an article back in May about how a homeowner had committed suicide as a result of Wells Fargo “mistakenly” foreclosing on their home. Well it looks like Martin Andelman’s story might have caused some problems for a site that featured the Mandelman Matters article. This is because ML-Implode has let out a press release that Wells Fargo froze and closed their bank account with absolutely no warning — but as a result of them featuring the Mandelman Matters Wells Fargo homeowner suicide story. ML-Implode said they called a local branch to find out that their account had been “flagged as a credit risk” while stating that the account was to be “immediately closed.” — Read ML-Implode Story

I remember the Mandelman Matters story quite clearly. This is even though I have never read it. You see — Martin had called me late that night after he had posted it — and he read it to me over the phone. Martin told me about how Norman had bought an old beat up motorhome for his family to live in because they had nowhere to go after losing their home. Yet the motorhome had engine problems – and unfortunately – poor Norman could not fix it. It would be shortly after this that poor Norman would take his own life. Now I could tell that Martin Andelman was struggling to hold it together and not cry while he read it to me – but eventually – that big old heart of Martin Andelman’s would not allow him to hold it together anymore when he started crying while telling me about Norman. Martin said: “John, imagine what must have been going through poor Norman’s mind when he was trying to fix that engine.” I said to Martin that we both knew as men what Norman was thinking that day. In fact every man out there with a family to take care of knows what poor Norman Rousseau was thinking while he worked on that engine. That is when Martin asked me if I would help him get the story of what Wells Fargo had done to Norman Rousseau out to the public. I let him know I had no problem doing that. This is because the story struck home with me for several reasons. One of the reasons was because, as many of you already know about me, my real father killed himself when he was only 26 years old. So I already know the pain and confusion and abandonment issues the children will grow up with the rest of their lives because of it. The other reason is because a homeowner at the same law firm representing me two years ago had also taken his life under very similar circumstances as Norman Rousseau. His name was Allan Taylor — but the difference was that Alan’s story involved Bank of America. – Read Alan Taylor Story Rest in peace my brothers. We will never allow the world to ever forget what these banks did to you and your family. (Picture on upper left is of Norman Rousseau)

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I also know exactly how the ML-Implode people feel. This is because about a year and a half ago one of my business bank accounts was frozen by Bank of America for something similar. Bank of Destroying My Business told me that it was done because of the “Patriot Act.” They said that it was because I did not turn in all the required paperwork when I opened the account. There was only one problem though — because I had opened the account nearly twenty years ago! — click here However, I specifically remembered turning in all the right paperwork when I opened the account. This is because I used the attorney partner to open the account because they were giving me so much trouble when I opened it. However, Bank of America doing that to me was not as bad as when someone at the Bank of America Charlotte headquarters thought they would send me a message one day. For example, someone in the Charlotte headquarters debited money out of business accounts for personal credit cards on a payroll day – while at the same time – they debited money out of my personal accounts for business credit cards. They even debited money out of a trust account that I was only the Trustee on. So much for your trust accounts being safe at Bank of America. (Wink) Anyway, I thought I would send this little smarty pants a message right back by writing an article about the incident the next day, which was not the best part, because the best part was that I had posted their name, address, phone number and their picture smack dab on the front page of the article. I am sure they must have been shocked that I had the resources to find out who had done it – but even more shocked that I had the resources to find out all the other information about them. My investigation would show that the charges all seemed to be coming from the “Home Loan Department” at Bank of America’s Charlotte based headquarters. Now will someone please tell me just what the hell would someone at the “Home Loan Department” doing in my business and personal credit card and business payroll bank accounts? Nevertheless, I removed the article the very next day because I received a phone call from one of the top executives at BofA who said the employee had started to receive death threats from the public after I wrote the article. The executive was sure to let me know that “they no longer work here anymore,” while they assured me that the money would be credited back into my accounts. So trust me — I know exactly how Mortgage Implode feels.

Yet I think that ML-implode might be mistaken that Wells Fargo froze and closed their bank account on purpose. I mean — after all — there was some guy that killed himself because Wells Fargo “mistakenly foreclosed on their house.”

Well after hearing the story of what Wells Fargo did to ML-Implode and the guy who killed himself because Wells Fargo tried to potentially steal his home — I am guessing other Wells Fargo customers must be wondering what special thing the “Wells Fargo Wagon” is going to bring them.

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For my part — I am guessing the “something special” “The Wells Fargo Wagon” will probably bring them a potentially irregular, fraudulent, illegal and simply abusive fraudclosure and business practice. – See Wells Fargo Complaints

Boy I tell ya — that Martin Andelman — well he tends to cause problems wherever he goes.

That is exactly why he is my friend!

Husband’s Suicide Yesterday, Wells Fargo to Evict Wife Tomorrow Anyway

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I guess Wells Fargo just learned the hard way that us bloggers are birds of a feather who stick together. (Wink)

Notice: If you or anyone you know feels the way that Norman Rousseau or Alan Taylor did — please know that you are not alone. Please know that it is not your fault. Please know that there are plenty of people out here who know exactly how you feel. Please know we love you and want to help you. Do not hesitate to contact me or Martin Andelman if you need someone to talk to. There is nothing to be ashamed of. I promise you that we will do our very best to do whatever we can to help you through this. We will get through this together. It will all pass — and time will heal all wounds. I promise.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 13th, 2012

Mr. and Mrs. Neilander bought their three bedroom home in Connecticut in 2006 for themselves and their three small children. Aegis Lending Corporation originated their loan. It seemed that they were living the American Dream, until the Neilanders started reading various blogs and news articles that informed them that their “American Dream” might have turned into an “American Nightmare” because of what the commercial banks had done as a result of their greed. You see — the Neilanders found out that American homeowner’s around the nation might be paying the wrong company for their mortgage payment. They learned that in most cases there are multiple trusts and multiple beneficiaries existing — which makes it virtually impossible for the correct owner of the debt to be accurately identified.

Darrell Neilander: “Listen, I borrowed the money and I want to pay the loan back. However, I am not going to pay the wrong person and have some creditor come out in a couple of years and say – hey you owe me now! You paid the wrong person!”

That is why Mr. Neilander had two very simple questions for the company that said they were hired to service the Neilander’s loan for the investor — which is Specialized Loan Servicing (SLS).

Mr. Neilander’s questions were and are:

1. Who should he pay?
2. Who does he owe the money to?

Darrell Neilander: “If these alleged creditors have nothing to hide — why don’t they just show me the legal documents that we requested that shows they own the loan? Certainly, it should be no problem, if the alleged creditor has nothing to hide, right?”

The Neilander’s thought they were simple questions — however — they thought wrong — because the Neilanders have been asking those same questions for almost two years now without an answer. This is because the potentially irregular, fraudulent, illegal and simply abusive servicing company (Specialized Loan Servicing) or (SLS) simply told the Neilanders that they did not have the right to know the answer to these questions.

The story I am about to tell you started out as simple as two questions. However, it would end up developing into a much larger story that involves lawsuits, intimidation, a potential conspiracy and the bank trying to strip the Neilanders of their fundamental rights — such as their right to pursue life, liberty and the pursuit of happiness. This is including even their 1st Amendment right of freedom of speech.

Darrell Neilander told me the following story in comparison to his situation: There was a giant who was bullying and harassing the children in the village. One day, a 17-year-old shepherd boy came to visit his brothers and asked: “Why don’t you stand up and fight the giant?” The brothers were terrified and they replied: “Don’t you see he is too big to hit?” But David said: “No, he is not too big to hit, he is too big to miss.” David killed the giant with a sling.

Ladies and Gentleman of Jury of Public Opinion — it gives me great pleasure to introduce to you the real story of David and Goliath. I introduce to you the story of Darrell Neilander vs. RMS Residential Properties LLC and Specialized Loan Servicing LLC.

In October of 2011, Mr. and Mrs. Neilander decided to fight back. That is because they filed a lawsuit in federal court against both RMS Residential Properties LLC (The alleged owner of the Debt) and Specialized Loan Servicing LLC (SLS) (The alleged Servicer of the debt) for violations of the FDCPA and the FCRA and the Connecticut Unfair Trade Practices Act — while doing so pro se.

Mr. and Mrs. Neilander asked how an entity that cannot prove they have interest in the debt:

1. Can collect on that debt?
2. Can report the Neilanders to the credit bureaus?

For the record, Specialized Loan Servicing (SLS) and RMS Residential Properties LLC continue to refuse to prove to the Neilanders that they legitimately own the debt. This is why Mr. and Mrs. Neilander allege that they are in violation of the law — while he also alleges that attorneys representing these alleged creditors are potentially using “mafia like tactics” to try and intimidate Mr. Neilander and his family because they filed this lawsuit.

The First Law Firm the Bank hired:

• The Law Offices of Bendett and McHugh
• http://www.bmpc-law.com/

According to Darrell Neilander, the Law Offices of Bendett and McHugh had told him that if he does not pay the alleged creditor — they would sue the Neilanders and foreclose on their home. For the record, the bank attorney also refused to prove to Mr. Neilander that their client owned the loan. Neilander was basically informed that they don’t have to prove anything – and was just told to “pay or else.” I mean what next? Were they going to say something out of a mafia movie like, “Cough up the money?” (tongue-in-cheek) (Wink) Or, were they going to send someone to the Neilander’s house to intimidate them like the mafia would do? Well that is exactly what they potentially did. This is because Mr. Neilander became concerned for the safety of himself and his family when there seemed to be strangers coming to their home where Mr. and Mrs. Neilander are raising their three small children.

This is when Mr. Neilander contacted one of the bank attorneys from the second law firm that the bank involved. That’s right! I said the “Second Law Firm” the bank hired to go against the Neilanders.

2nd Law Firm bank hired

• Jonathan A. Kaplan
• Martha Croog, LLC
• The Brownstone
• 190 Trumbull Street, Second Floor
• Hartford, CT 06103
• http://www.marthacroog.com/martha_croog.html

Mr. Neilander asked Attorney Martha Croog if she knew anything about the strangers potentially stalking his family. According to Neilander, Attorney Martha Croog acted completely appalled that he would even suggest such a thing. She then categorically denied the allegation that the lawyers had any knowledge of any such thing. However, once Mr. Neilander informed Martha Croog that he would be asking the police to investigate – and inform the judge in the case – the Honorable Judge Janet Hall – all of a sudden Ms. Croog’s memory seemed to come back. This is because she now admitted to Mr. Neilander that her client (SLS and RMS) were indeed sending some unknown strangers to their home. Yet Attorney Martha Croog absolutely refused to give Mr. Neilander the names of these strangers who came to his house – but simply said: “We won’t send them to your home anymore.” However, didn’t Croog just say that it was her client that sent the strangers and not the law firm? So why would she say “we won’t send them to your home anymore” and then act as if she had authority to stop it? Was it because it was actually the law firm that sent them?

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Third Law Firm bank hired

• Valerie Kloecker
• Hinshaw & Culbertson of Boston.
• One of the largest law firms in the nation
• http://www.hinshawlaw.com/vkloecker/

Now, for the record, Attorney Valerie Kloecker recently filed a motion to the court to try and stop the Neilanders from telling their story to the press. In other words, she is trying to stop the Neilanders from telling their story to Piggybankblog.com. Yet slap me five Valerie Kloecker! Up high! Down low! Too slow! This is because the Neilanders have already told Piggybankblog.com their story, which was done way before any such motion was made to the court. Valerie Kloecker click here

Now the question is — why would RMS Residential Properties LLC and Specialized Loan Servicing (SLS) need to hire three law firms — one being the largest in the nation — to just answer two simple questions?

1. Who should the Neilander’s pay?
2. Who do the Neilanders owe the money to?

I will let you know why this blogger thinks RMS Residential Properties LLC and Specialized Loan Servicing (SLS) have hired three law firms and are worried. I think that it is because it is very likely that there are multiple trusts and multiple beneficiaries existing — which ultimately makes it impossible for the correct owner of the debt to be identified. How did this happen? It might have happened when Mr. and Mrs. Neilander from Connecticut had their loan originate from a company named “Aegis Lending Corporation” in the year 2006. This is because I am guessing that Aegis Lending Corporation probably created and sold off these loans — but much in the same way that Countrywide Home Loans Inc. and the other potentially irresponsible and greedy lenders did — thanks to the Glass- Steagall Act being repealed by the Clinton administration and Republican Congress.

With that being said, they probably used very little to no income verification because they planned on selling those loans off as mortgage backed securities to investors — while making them somebody else’s problem, which incidentally, that “somebody else” would end up being “you the taxpayer.” This is because THE TAXPAYER WOULD END UP BEING FORCED TO GIVE A 16.6 TRILLION DOLLAR BAILOUT TO THE VERY COMMERCIAL BANKS WHO CAUSED THIS WHOLE MESS — such as BANK OF AMERICA, JPMORGAN CHASE, WELLS FARGO, CITIBANK AND THE OTHERS – just so they could buy and save the investment banks — such as MORGAN STANLEY, MERRILL LYNCH –AND CURIOUSLY — NOT LEHMAN BROTHERS AND DICK FOLD — (SORRY DICK) – from collapsing from those bad loans that the commercial banks had sold to them in the first place. That is because the investment banks collapsing would have been the shot that was heard around the world. This is basically because it would have delivered the United States of America and the world into an economic Armageddon to biblical proportions — but in a way that would have made “The Great Depression” look more like “The Great Recession” in comparison. This is because the experts theorize that it was the banks messing with Wall Street that caused the Great Depression – which was why the Glass- Steagall Act was passed to stop them – but only for the Clinton administration to get repealed and start to cause it to happen all over again during our time. Thumbs up Bill! At least we have not been able to stop “thinking about tomorrow!”

At any rate, then there was a dry up of credit because the very banks who collapsed the economy knew that none of the people would be in a position to pay back the loans in the future because they knew they had just collapsed the future economy. That is another reason the commercial banks were given the bailout – because the government needed them to loan small businesses money because small businesses make up something like 85% of the economy. Then the banks took the bailout money and gave themselves bonuses instead of loaning us the money. This is one of the reasons I lost my 25 year company from the Great Recession the commercial banks had caused. Now I am sure the IRS would like me to get a job as fast as I can — just so I can pay taxes once again for them to give the private banks more money. I say Viva La Greece! (dramatic license)

The simple fact is that these commercial banks had collapsed the American economy in a way that only Bin Laden could have dreamed of doing. It is exactly why it was ironic that former President Bush was protecting us from what he perceived to be a foreign enemy and threat such as Saddam Hussein and Iraq — when the real enemy and threat was right here in our own backyard – which was the commercial banks. Ironically, one of the commercial banks that played a major role in all this would even bare our own name in it — which I like to call Bank of Destroying The American Dream.

I just want to know what Congresswoman Marcy Kaptur has to say about all this.

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My dream is to one day shake the hand of Congresswoman Marcy Kaptur.

Aegis Lending Corporation:

Aegis Lending Corporation was where the Neilanders loan originated. Aegis has been listed as one of the top 25 subprime lenders. It has been estimated that they are responsible for at least $11.5 billion in subprime loans. – Source Aegis Lending Corporation is also a subsidiary of the parent company named Aegis Mortgage Corporation. This is much in the same way that Bac Home Loans is a subsidiary of the parent named Bank of America. Aegis Mortgage Corporation is the head of a diversified family of lending institutions — and has four lending subsidiaries: Aegis Lending Corporation, Aegis Wholesale Corporation, Aegis Funding Corporation (which also uses the trade name Aegis Home Equity) and Aegis Correspondent Corporations. – Source

In 1998 a private investment firm named Cerberus Capital Management bought a controlling stake in the Houston-based mortgage lender Aegis Mortgage Company. – Source Cerberus Capital Management is an American private equity firm. The firm is based in New York City, and run by financier Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter who currently serves as a Senior Managing Director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia.

Cerberus is named for the mythological three-headed dog that guarded the gates of Hades. Basically, Hades — once translated — means “hell” in the Holy Scriptures. So as you can see — the old saying that sometimes hell is paved with good intentions may ring true after all. (Wink) Feinberg has stated to his employees that while the Cerberus name seemed like a good idea at the time, he later regretted naming the company after the mythological dog. At this point, however, the firm’s name has significant brand equity. I am guessing that the short version of the brand version might be 666. That is if you do the math on three dog heads representing the three places where they are located — such as the United States, Europe and Asia. We have finally solved the three headed wild beast spoken about in the book of Revelations. (Kidding) (Wink) (Sort of)

Dan Quayle, former Vice President of the United States 1989-1993, who served with former President George H. W. Bush (Senior) has apparently finally learned the correct way to spell both the word “potato” and “mortgage backed securities” – because he joined Cerberus in 1999 and is chairman of the company’s Global Investments division. – Wikipedia

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In August 2007, Cerberus announced that it was closing Aegis Mortgage Corporation. Then August 8th, 2007, the state of Connecticut issued a then-moot cease and desist order to make sure Aegis made no further loans there. – Source Then August 13th, 2007, Aegis Mortgage Corporation filed for Chapter 11 bankruptcy in Delaware to seek protection from its creditors. They said that it was because of the “extreme changes in the market conditions, coupled with the rapid decline in the secondary mortgage market severely affected its operation and led to this filing.” In other words, nobody probably wanted to buy their shit loans once they figured out they were giving loans to people who should not qualify. Nevertheless, Aegis Mortgage Acceleration Corporation has now changed its name to Equity Accelerator Program since the bankruptcy. They are basically no longer Aeigis Mortgage Corporation anymore. However, Equity Accelerator Program may be reached at 800-549-6445, P. O. Box 6506 Englewood, CO 80155-6506 — if you need records that Aegis Mortgage Corporation had while they were existing. – further information

Now there is very likely that there could be the problem for investors — including Fannie and Freddie — who bought these loans from the commercial bank or lenders such as Aegis Lending Corporation and Countrywide. This is because it is most likely that the lenders and investors did not legally or properly transfer the ownership of these loans when they sold them. What does this mean? Well, it could mean that the one foreclosing on your home does not really own the debt because the paperwork is either lost or all done wrong. It also could mean that the RMS Residential Properties LLC might not have the proper paperwork to show that they own the Neilander’s loan because of “Mortgage Fraud.”

Mortgage Fraud:

Mortgage Fraud in the past ten years, hundreds of thousands of residential mortgages were bundled together (often in groups of about 5,000 mortgages and other negotiable instruments with an average worth of 1 billion dollars), and investors were offered the opportunity to buy shares of each bundle/certificates. This process is called securitization. Securitization is a structured finance process that distributes risk by aggregating debt instruments in a pool, then issues new securities backed by the pool. The term “Securitization” is derived from the fact that the forms of financial instruments used to obtain funds from the investors are securities. As a portfolio risk backed by amortizing cash flows – and unlike general corporate debt – the credit quality of securitized debt is non-stationary due to changes in volatility that are time-structured dependent. If the transaction is properly structured and the pool performs as expected, the credit risk of all tranches of structured debt improves; if improperly structured, the affected tranches will experience dramatic credit deterioration and loss. All assets can be securitized so long as they are associated with cash flow. Hence, the securities which are the outcome of securitization processes are termed asset-backed securities (ABS). From this perspective, securitization could also be defined as a financial process leading to an issue of an ABS. This is a highly complex process which was developed by Wall Street. Basically, Wall Street figured a way to turn a 30 year mortgage, with small monthly payments, into instant, large sums of cash, which could and was, which was sold before the borrower even signed the Note, then sold or pledged and/or utilized multiple times over. - Source

This youtube below shows you how it works:

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Now you understand why I always tell you that it is very likely that there are multiple trusts and multiple beneficiaries existing at the time of the foreclosure — which ultimately — makes it impossible for the correct investor to accurately identify the correct owner of the debt. That means there has been a break in the chain of title.

U.C.C. provision, U.C.C. §3-305(c): “An obligor is not obliged to pay the instrument if the person seeking enforcement of the instrument does not have rights of a holder in due course and the obligor proves that the instrument is a lost or stolen instrument.” – read more laws

However, this is a very complex issue that judges and politicians are having a hard time wrapping their mind around. This is because the banks have done an excellent job in creating subsidiary after subsidiary after subsidiary — and affiliate after affiliate after affiliate – and corporate veil after corporate veil – after corporate veil — just so they can hide behind all the companies they created or contracted to avoid ever being held accountable.

Therefore, unfortunately, I am guessing that the Honorable Judge Janet Hall watching Darrell Neilander and the bank attorney going back and forth in court — while Darrell asks the bank attorney who owned his loan anf when they owned it — simply might look a lot like something out of that Abbot and Costello standup. For example, let’s pretend that you are the judge watching Darrell (Abbott) ask the attorney (Costello) who owns what – when – where – and how — and let’s see if you as the judge can follow the conversation in a way that you can wrap your mind around what company owned the loan at what time — and who owns it now.

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So as you can you can see — that is why – in some ways – finding out who the rightful owner of these loans might be compared to trying to find out who gave the order to shoot John F. Kennedy that awful day in Texas. This is because, if it was a conspiracy, I guarantee you that the shooters don’t even know who gave the order to shoot.

Yet unlike the Kennedy conspiracy — all one has to do is follow the money to find out who is behind this conspiracy. The United States Justice Department might just have to put up a chart in courtroom like they did with Al Capone to describe how all roads lead to Rome.

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Now the judge may wonder why the other investors are not making any claims to the loan if there are multiple investors and multiple beneficiaries – while not understanding that they are not making any claims because they have already been paid off by the insurance. That is why in the end we hope that the Honorable Judge Janet Hall and all judges will realize that it was basically one big insurance fraud scam from the beginning – to middle – to end — in which you the taxpayer were scammed out 16.6 trillion dollars and your homes.

Now remember Mr. Neilander — they are not too big to hit — but they are too big to miss.

They may also be too big to fail — but they are not too big for jail. (Wink)

Their names are the Neilanders AND THEY ARE FIGHTING BACK!

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My name is John Wright AND I’M FIGHTING THE 2ND LARGEST BANK IN THE WORLD!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 11th, 2012

I have heard that the bank attorneys absolutely hate it when a homeowner files bankruptcy. This is because it has been said that filing bankruptcy will bring a foreclosure proceeding to a screeching halt, in which the bank cannot foreclose or even try to collect any money until permitted to do so by the bankruptcy court judge. However, it has been said that in some cases bankruptcy can also help mortgage borrowers save their homes permanently. Yet the best part is that it will end all those harassment calls you get from debt collectors.

Here are five of the most common forms of bankruptcy:

1. Chapter 7: Also known as liquidation. This allows individuals or businesses to give up nonexempt assets and walk away from most debts. Now this will delay a foreclosure, however, eventually it usually results in liquidation of most assets. In other words, you are most likely to lose the house in a chapter 7 bankruptcy.
2. Chapter 9: This section allows municipalities to reorganize debt.
3. Chapter 11: This is for individuals and, more commonly, businesses to reorganize debt. It is Similar to Chapter 13. This is because it allows the filer to draft a plan to repay some debt while retaining assets. Chapter 11 has no debt limits — but it is much more complicated and, therefore, it is expensive. This is why it tends to be more financially feasible mainly for businesses and very wealthy individuals.
4. Chapter 12: This allows family farmers to reorganize debt. It works very much like Chapter 13, but with higher debt limits.
5. Chapter 13: This is for individuals who need to restructure their debt load. Some creditors will be paid back in full with interest — while others will be paid back in full. The remainder will be repaid a percentage of the debt. It has been said that filing Chapter 13 is usually more effective at helping people keep their homes. This is because it gives the person time to repair their finances. It usually gives the person three to five years. The court then agrees to an income based budget with monthly payments made to the trustees.

Now the owner of the debt must prove that they are the rightful owner of that debt while in bankruptcy court. This of course becomes a problem for the bank if there is a break in the chain of title, which is very likely, after you consider that the majority of the loans out there have multiple trusts and multiples beneficiaries existing, which might make it virtually impossible for the bank to identify the correct investor. That is unless they submit fraudulent documents in an act of perjury. However, if they do, you better hope that your attorney has evidence that will show the judge that the documents are indeed fraudulent. That is why it is very important to have a title and securitization search done by a REPUTABLE COMPANY that uses the Bloomberg terminal.

It is also very important that you find the right bankruptcy attorney to fight this issue for you. I cannot tell you how many nightmare stories that I have heard where people gave thousands of dollars to a bankruptcy attorney — but just to find out that the attorney did not know how to argue the multiple trust and multiple beneficiary issue. Unfortunately, this is because the multiple trusts and multiple beneficiaries’ argument is considered to be a complex issue by most – and believe it or not – even most of the judges have a hard time wrapping their minds around it. This is why I think it might be best to try and find a bankruptcy attorney within a law firm that has already filed a lawsuit or mass joinder against the banks concerning these very issues. This is because the bankruptcy attorney within that law firm will most likely understand the multiple trust and multiple beneficiary issue.

I have also seen some bank attorneys try and use character assignation tactics when in bankruptcy court. For example, I remember this one bank attorney trying to convince the judge that the person did not belong in bankruptcy at all. Then there was another incident where a bank attorney tried to convince the judge that they should be in a chapter 7 instead of a chapter 13. This is because a chapter 7 bankruptcy will allow the bank to get the house. Another time I heard the bank attorney accuse the homeowner of being a “strategic defaulter.” I thought those were pretty big words from a bank that is known for their “strategically foreclosing” on homes they do not own. Then there was the bank attorney that tried to insinuate to the judge that the homeowner was a “deadbeat homeowner” who is just trying to “abuse the system.” Once again, these are pretty big words from a “deadbeat banking industry” that has taken 16.6 trillion dollars in taxpayer bailout money — who incidently — “abused the system” and broke the planet. Now if you are a California resident in bankruptcy — this might be the time where you want to pull out the New York Times article that said that “Kamala D. Harris, the attorney general of California, is adamant that homeowners are not looking to abuse the system.” – see article

Calif lawmakers prepare to advance mortgage bills

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Associated PressAssociated Press

Posted: 06/09/2012 08:07:12 PM PDT

June 10, 2012 4:11 AM GMTUpdated: 06/09/2012 09:11:23 PM PDT

SACRAMENTO — Democrats in the Legislature are preparing to advance bills in the coming days that are designed to limit the runaround some homeowners have experienced with lenders and to allow them to sue under some circumstances.

The legislation expands on a recent nationwide bank settlement over home foreclosures in one of the states hit hardest by the mortgage crisis.

Sen. Noreen Evans, chairwoman of a conference committee crafting the legislation, said she hopes to have the bills ready this week so they can be considered by the Legislature before lawmakers leave for a monthlong July recess. Lawmakers are negotiating the mortgage legislation this week as they race a Friday deadline to approve a budget for the fiscal year that starts July 1.

Opponents are most concerned that letting borrowers sue bankers could delay legitimate foreclosures and further slow the housing market recovery in California.

“That is proving the sticking point,” said Evans, D-Santa Rosa. “How do we make sure that people have real rights and yet don’t overload the courts with frivolous lawsuits?”

The package also would require lenders to provide a single point of contact for borrowers who want to discuss foreclosures or refinancing, and ban what are known as “dual-track foreclosures” by barring lenders from filing notices of default while they are also considering alternatives to foreclosures.

“The goal that we are all trying to achieve is keeping borrowers who can afford to do so in their homes,” Evans said.

Democrats who control both the Assembly and Senate are writing the bills without consulting minority Republicans. But they are negotiating with business-friendly Democrats, aides to Democratic Gov. Jerry Brown, and the mortgage industry, along with consumer organizations that have been pushing for restrictions so strong that the California Bankers Association warned they would create “a de facto moratorium on foreclosures.”

The legislation would let homeowners go to court if they feel their rights have been violated by lenders. Opponents say that would push California closer to 20 other states that require judges to approve foreclosures, drawing out the time it takes to complete the process.

They cite a study for the Federal Reserve Bank published in December that concluded involving the courts delayed but did not prevent foreclosures.

It took an average 320 days to complete a foreclosure in California, according to the foreclosure listing firm RealtyTrac’s April report for the first quarter of 2012. Several judicial process states took years to approve foreclosures, on average: 861 days in Florida, 966 days in New Jersey and 1,056 days in New York, the nation’s longest delay.

“We don’t want the foreclosure process to be so burdensome that it affects the future of the mortgage market,” said California Bankers Association spokeswoman Beth Mills. The cost for mortgages could rise if lenders have to factor in delays, lawsuits and damage awards, she said.

Evans calls that fear nonsense because simple foreclosures could still take place without going to court as long as mortgage companies have done everything as required by state law and the national banking settlement.

The California legislation will mirror the federal settlement by giving lenders time to correct problems on their own before borrowers could file lawsuits or regulators could impose penalties, Evans said. Delinquent borrowers would also be limited to one legal challenge unless they can show a substantial positive change such as an improvement in their financial condition so they can afford to make their mortgage payments.

Sen. Sam Blakeslee, R-San Luis Obispo, a minority member of Evans’ committee, objected that Republicans have not been included in negotiations and no public hearings have been held on the most crucial part of the pending legislation. He said an early draft of the proposed legislation did not include the limits on lawsuits that Evans described.

“The core issue is whether or not the remedies for problems include a financial windfall for trial attorneys who create cottage industries launching frivolous lawsuits,” Blakeslee said.

Consumer groups and labor unions are heavily lobbying legislators to approve the homeowner protections sought by Attorney General Kamala Harris, who helped negotiate the February settlement with the nation’s top five banks that will bring $18 billion in relief to California. The bulk of the national settlement money is intended to help homeowners reduce mortgage payments and aid borrowers who were harmed by unfair lending practices.

“Whose Side Are You On: Banks or Homeowners?” the consumer groups said in letters to state lawmakers last week. They cite statistics that nearly 2 million state residents have lost their homes since 2008, while more than 2 million Californians owe more than their homes are now worth.

Previous efforts to increase homeowner protections have fizzled, but proponents say they have a better chance this year because California is following the national settlement. However, the most contentious provisions in Harris’ proposal stalled in legislative committees, forcing leaders to create a special conference committee to bypass the usual process.

Lawmakers have preliminarily approved other portions of what Harris, a fellow Democrat, is calling a “homeowner bill of rights.” They include bills that would increase protections for tenants in homes facing foreclosures; penalize homebuyer, investors and developers if they fail to clean up dilapidated homes quickly; and increase enforcement powers for the attorney general’s office.

What do I think of this? I think the opponents should not have any say over if a homeowner can sue a bank or not. This is regardless of their fears about it maybe delaying legitimate foreclosures and slowing the housing market recovery in California. I mean — some argued that freeing the slaves could have hurt the economy in the south – but slavery was wrong – which is why we made laws against it. There is also evidence to show that the MAJORITY ARE ILLEGITIMATE FORECLOSURES. – Read San Francisco audit

That is why I think these people voting on this need to understand something here. They need to understand that they might have the power with their vote today – but in future — the California people will have the power vote them right out of office if we catch them voting on the banks side.

That is because divided we might have fallen America!

But United We Shall Stand!

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 6th, 2012

“Don’t leave your homes! Because you know what? When those companies say they have your mortgage – unless you have a lawyer that can put his finger or her finger on that mortgage – you don’t have that mortgage! And you are going to find that they cannot find the paper up there on Wall Street! So I say to the American people! You be squatters in your own home! Don’t you leave!”

Those were the words of Congresswoman Marcy Kaptur who was before Congress in 2009. Marcy Kaptur has been the United States Representative for Ohio’s 9th congressional district since 1983. She won her 14th term in Congress with 74% of the vote in 2008 — and is the longest serving woman in the House of Representatives. She was named “Most Valuable Member” of the House by a magazine called “The Nation” in 1996. She is also a Piggybankblog Wall of Fame winner.

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“Mr. Speaker, tonight as General Motors, Chrysler, and the United Auto Workers struggle with the imposed government deadlines that will determine their survival, I wish to share with you Harold Meyerson’s article “Break Up the Banks” from The Washington Post last Friday.

You see, what has been holding up the deal to save the American auto industry, save America’s jobs, and breathe life into communities where wealth is actually created and not just traded away is something not much talked about, and that is the megabanks, centered, yes, on Wall Street, again.

Citigroup and J.P. Morgan Chase that were huge Treasury bailout recipients, billions and billions and billions of dollars, who turned a profit this year, by the way, are the leading culprits for the rest of the banks in slowing down or impeding the Obama administration’s efforts to restructure Chrysler. Currently, Chrysler’s bonds found on the books of Citigroup and J.P. Morgan Chase are trading at 15 cents on the dollar. Despite increasingly better offers than that, Citigroup and J.P. Morgan Chase insist that they and their fellow banks are entitled to more, more of your money. More of our money. That is greed in its purest form. More, more, and more for them and their cronies, and less and less and less for everyone else. They have bilked America on the front end and then on the back end.

First, the front end by restricting the availability of credit to consumers looking to purchase cars and car dealers looking to finance their showrooms. Just squeeze them down out of existence by shutting off their credit. And now at the back end by denying the restructuring of GM and Chrysler’s debt. Yes, they keep America’s cash but then deny us the ability to access it in the marketplace to buy cars and furnishing dealers’ showroom floors. Very clever. It’s a tourniquet at both ends.

Wall Street’s idea is to bleed Chrysler retirees, Fiat, and the American taxpayers dry. They care for their own interest at the expense of the national interest.

The American automobile industry is just one victim of Wall Street’s meltdown. The industry is the lifeblood of so many communities, and they were just on the cusp of a new green engine era, and they have been forced to their knees.

Of course, the banksters bail out their friends, firms like AIG. Beyond mere life support, they were handed over $70 billion. That’s putting all the auto bailout together and multiplying it times five. Not only does AIG have special access to policymakers and your tax dollars; they didn’t have to take any haircuts.

Compare that to what is being asked of autoworkers: first, give up your job, move out of your community, cut your wages and your health benefits too, and, oh, by the way, we want to go after your retirement benefits, even the widows and retirees out of those firms.

Meanwhile, AIG pensioners, well, they’re alive and well. Their health care benefits are not threatened. Their counterparties are kept whole. While hardworking blue collar America is squeezed dry, they’re just as happy as clams.

Right now it’s Wall Street versus the American people. Surely those that work hard and make things with their hands and end up with all the injuries to prove it, with bodily wear and tear, don’t they deserve some regard? Don’t they have some rights for three decades in an auto plant? Well, Citigroup, Bank of America, J.P. Morgan Chase, HSBC, Wells Fargo, and the rest of the high fliers up there on Wall Street, they want to deny these folks the right to their hard-earned benefits and wages.

American workers built and continue to build America, while Wall Street destroys not just capital; they destroy industries. They destroy communities. They destroy people’s lives. Now, we can see who has that power. But that isn’t what America was supposed to be all about. When you work hard and you build something real for the Nation’s might, you expect a fair deal. And that was supposed to be the American Dream, for the many, not just the privileged few. Today a real industry, auto production, gets stomped on, chewed up, spit out because Wall Street robbed the kitty. They stole our hard-earned money and continue to beg, borrow, and steal from American citizens. Sales in business after business, including the auto industry, have gone down because the bailout recipients didn’t make loans. Credit is frozen. People can’t buy cars. The Big Three is suffering. So what does Wall Street do? It gets its friends, its shills, on the op-ed pages and other media to shift the blame.

So who gets the blame for the strangled auto industry? Is it Detroit that’s the problem? No, my friends. It’s Wall Street that’s the problem. And it’s time that we put America back on its feet again. And as Mr. Meyerson suggests in his very last sentence, pass the anti-trust laws we need in order to scale down these banks and give America back to the American people.”

Her name is Congresswoman Marcy Kaptur AND SHE IS FIGHTING BACK!

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On April 12, 2011 Marcy Kaptur introduced H.R. 1489 to restore the Glass-Steagall Act. It states “To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called “Glass-Steagall Act”, and for other purposes.” There are currently 30 co-sponsors.

Congresswoman Marcy Kaptur has long since been a known for her calm and assertive and zero tolerance for nonsense delivery with both her questions and statements directed towards former Secretary of the Treasury Hank Paulson and current Secretary of the Treasury Timothy Geithner and major bank CEO’s testifying before Congress.

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“And you are going to find that they cannot find the paper up there on Wall Street! So I say to the American people! You be squatters in your own home! Don’t you leave!”

That is why Congresswoman Marcy Kaptur is a rock star baby! And I don’t mean maybe!
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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 5th, 2012

I am sure that many of you already know that the Bank of America shareholders had previously approved the purchase of Merrill Lynch for $50 billion dollars back in December of 2008. However, since then, the very same shareholders have filed a lawsuit in a Federal District Court in Manhattan against Bank of America. This is basically because it would later be determined that top executives at Bank of America, such as former CEO, Ken Lewis, had purposely held back information that showed that both companies’ would suffer severe losses in the years to come from this purchase. This is mainly because of Merrill’s severe mortgage losses. — read article

The article then went on to talk about how a disclosure, coming to light in this private litigation last Sunday, is likely to reignite concerns that the federal regulators have not worked hard enough to hold key executives accountable for their actions during the financial crisis. Yet let’s not forget here that it has long since been revealed that former Treasury Secretary Paulson threatened to have Ken Lewis fired and his board dismissed, unless Mr. Lewis cooperated by making sure that Bank of America bought Merrill Lynch.

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With that being said, I think that the above youtube is exactly why the regulators do not do anything to hold the banks accountable. This is because it is quite possible that the banks have been being run by the federal government for a very long time now — but don’t want that secret to get out. In fact –I have often wondered if that is what was on that wikileaks hard drive that was never revealed to the world. What I mean is — maybe it just might have shown how much our federal government was involved.

Now I am sure that many of you here will confirm that I am certainly not a big Bank of America or Ken Lewis fan. However, let’s be real here, because I hardly think it is fair that Ken Lewis should face any criminal charges for this particular situation. This is after you consider that it has pretty much been established that the man was threatened by a high ranking government official. Yet that does not mean that I do not think he should not be held accountable for any of the other crimes he might have committed. I just think that the bigger issue here is that a very high ranking government official has apparently threatened a “private company” in this way. Now I know that some people here might say that it was acceptable behavior from a former Treasury Secretary that thought the United States was going to collapse without the purchase of Merrill Lynch. However, I suggest to you that it has already collapsed in the day that high level federal government official is allowed to control and threaten a “private company” in this manner.

The simple fact is that Mr. Lewis being threatened could only suggest one thing and one thing only. It could only suggest that Ken Lewis was not too crazy about the idea of Bank of America purchasing Merrill Lynch.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 4th, 2012

Wow! What in the hell is going on? I mean, I woke up this morning to the news reporting that there seems to be an epidemic of people overdosing on bath salts – or something like that. Then there was something about how it makes them want to eat other people’s faces – or something like that. – Read story Then they talked about how some guy ripped out his own intestines – but just to turn around and start swinging them at a cop – or something like that. Now I always say “or something like that” because I tend to listen to the news while I am sleeping at night. This means, unfortunately, that I could be missing a very important part of the news story. For example, it could have been somebody else’s intestines he was swinging around at the cop – but at this point — does it really matter if it was his or someone else’s intestines? – Read story Then at some point I could have sworn they switched the topic over to being about if President Obama had kept his promise in helping people who were foreclosed on. I thought to myself “WTF?” (Scratching my head) I mean, what in the hell could be more important than an epidemic of people eating other people’s faces? Anyway, that is when I just shrugged my shoulders and went into the kitchen to go get my first cup of coffee. However, for some reason, I now think that Americans might have this irrational fear that someone out there wants to eat their face while under the influence of bath salt.

The news reported that it seemed that President Obama had pretty much kept his promise to try and help those who were foreclosed on. However, let the record show, that “trying” and “succeeding” are two different stories. This is because I am sure we all remember what a miserable failure President Obama’s HAMP idea was.

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Even considering, I would much rather that we have President Obama than good old Mitt Romney. This is because Mitt Romney suggested that Obama is slowing down the foreclosure process, in which Romney said he would allow the foreclosure process to move forward because it would help fix the economy. – click to hear Romney’s words (John slowly changes his facial expression to glaring at the monitor) Yes Mitt — it is true that Adolf Hitler might have solved Germany’s economic depression with his ideas. However, something tells me that Adolf Hitler’s “final solution” was somewhat evil and wrong.

That is why I am going to vote for President Obama – but just to make sure that Mitt Romney does not ever become President — or something like that.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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June 2nd, 2012

We learned in my last daily blog that the federal government might be protecting the private banks — because in retrospect — the federal government is a bank. This is after you consider the fact that the federal government owns and operates Fannie Mae and Freddie Mac. What does this mean? Well, unfortunately, it might mean that the federal government and the private banks have the same common goal, which might be to make sure it never gets out that both the private banks and the federal government have loans where there are multiple trusts and multiple beneficiaries existing. What does that mean? Well, it means there is a break in the chain of title, which probably exist in the majority of the Fannie and Freddie loans. – Click here for laws

Now this does not mean that I am suggesting that the federal government has a cozy relationship with the private banks. In fact — I think the federal government might be kind of pissed off at the private banks for selling Fannie and Freddie those defective loans. For example, the Federal Housing Financial Agency (Fannie and Freddie) sued 17 of the largest lenders last September for “misrepresenting the quality of mortgage backed securities sold to Fannie Mae and Freddie Mac.”

The FHFA sued the following 17 banks:

1. Ally Financial Inc. f/k/a GMAC, LLC ($6 billion)
2. Bank of America Corporation ($5 billion)
3. Barclays Bank PLC ($4.9 billion)
4. Citigroup, Inc ($3.5 billion)
5. Countrywide Financial Corporation (Owned by BofA) ($26.6 billion)
6. Credit Suisse Holdings (USA), Inc
7. Deutsche Bank AG ($14.2 billion)
8. First Horizon National Corporation ($883 million)
9. General Electric Company ($549 million)
10. Goldman Sachs & Co. ($11.1 billion)
11. HSBC North America Holdings, Inc. ($6.2 billion)
12. JPMorgan Chase & Co. ($33 billion)
13. Merrill Lynch & Co. / First Franklin Financial Corp. ($24.8 billion)
14. Morgan Stanley
15. Nomura Holding America Inc. ($2 billion)
16. The Royal Bank of Scotland Group PLC ($30.4 billion)
17. Société Générale ($1.3 billion)

Yet the question is — if Federal Financial Housing Agency sued 17 private banks for misrepresenting the quality of the loans — while stipulating the the “defendants falsely represented that the underlying mortgage loans complied with certain underwriting guidelines and standards, including representations that significantly overstated the ability of the borrowers to repay their mortgage loans.” — wouldn’t that suggest homeowners around the nation should now sue Fannie and Freddie for the same thing — since they now claim to own these loans?

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Now you may not think so — but the California Attorney General certainly did — because on December 19th, 2011, California Attorney General Kamala D. Harris sued Fannie and Freddie in an effort to further her probe into the mortgage foreclosure practices of Fannie Mae and Freddie Mac. California Attorney General Kamala D. Harris even went as far to call for FHFA director Edward DeMarco to step down — unless he was willing to reduce mortgage debt for underwater borrowers. The FHFA has still forbidden principal writedowns even until today. – read article

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Fannie, Freddie regulator still resists principal reduction

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April 10th, 2012 – Allowing Fannie Mae and Freddie Mac to offer principal reductions may save money thanks to enhanced government incentives, a preliminary analysis released Tuesday shows.

But that doesn’t mean their regulator, Ed DeMarco of the Federal Housing Finance Agency, is warming up to the idea.

DeMarco is facing tremendous pressure to allow the government-controlled mortgage titans to allow principal reduction on the mortgages they back. Some advocates say the best way to stabilize the housing market is to lower the balances for borrowers who owe more than their homes are worth.

DeMarco, however, has steadfastly resisted it, saying previous studies showed principal reduction would be too costly.

The Obama administration sweetened the pot earlier this year by tripling the incentive payments for Fannie and Freddie if they forgive principal. This prompted the firms to take another look at their analysis.

Turns out the increased incentives would make it more beneficial for Fannie and Freddie to offer principal reduction to homeowners who are deeply underwater and behind in their payments.

The $26 billion crapshoot

But DeMarco isn’t backing down just yet. Speaking at the Brookings Institution Tuesday, he brought up several other concerns and costs to principal reduction.

His primary worry is that providing principal forgiveness could prompt many of the 2 million borrowers who are current with their payments to fall behind. Having them default will hurt the housing market more than offering principal reduction will help it, he said.

“The far larger group of underwater borrowers who today have remained faithful to paying their mortgage obligations are the much greater contingent risk to housing markets and to taxpayers,” he said, adding these homeowners can lower their monthly payments through the government’s refinance program.

Also, he pointed out that no more than 600,000 borrowers would be eligible for principal reduction under Fannie and Freddie. This is the universe of folks who are delinquent in their mortgages and whose balances are more than 115% of their homes’ value.

“This is not about some huge difference-making program that will rescue the housing market,” the regulator said.

DeMarco touted a principal forbearance program that Fannie and Freddie already offer. It calls for the companies to defer payment of the underwater portion of the mortgage until the borrower sells the home or refinances. The homeowner pays no interest on the deferred principal.

The regulator said a final decision should be made in the next few weeks.

At least one analyst doubts that Fannie and Freddie will opt to reduce principal significantly, noting that DeMarco praised principal forbearance and warned forgiveness would help relatively few people.

“We see this as a strong political attack against principal reduction,” said Jaret Seiberg, an analyst with Guggenheim Washington Research Group. - source article money.cnn.com

Oh please Mr. DeMarco! Can we please have a principal reduction? We promise to be good little boys and girls if the federal government gives us a reward for paying on time! Who knows? Maybe we will get to go on a field trip if we are really good!

WTF was this guy thinking? This guy makes me want to down a can of Coca-Cola — just to let out a burp where I say “Prrrrick.” I mean — it is guys like this that sometimes make me think we should just go back to the practice of tar and feathering and marching them down the street!

Now correct me if I am wrong — but it almost sounded like this fool was talking about the people who are not paying as being not worthy of receiving help. Well, if so, those are pretty big words coming from a guy that is charge of a bank (Fannie and Freddie) that is the epitome of being rewarded for bad behavior with taxpayer money. This is especially after you consider that the federal government has generously pumped 16.6 TRILLION DOLLARS of our taxpayer money into bailing out the very banks who created this crisis in the first place. With that being said, I noticed that nobody seemed to worry about the taxpayer bailout “prompting other banks that were current to default so they could get a taxpayer bailout.” Where was the federal government to stop that moral hazard? (Dramatic license used with use of picture) (Disclaimer)

The simple fact is that the American homeowner is no longer fat – dumb – and happy. The American homeowner is well aware that there has most likely been a break in the chain of title in most of those Fannie and Freddie loans. — See S.F. loan audit done This is exactly why I think the real reason the FHFA sued those 17 banks in the first place. That is why Mr. DeMarco should have been farting magical fairy dust that created a principal rate reduction for every Fannie and Freddie loan. It might have been his last opprotunity to settle with the American homeowner — before we get more pissed off than we already are.

Well look at the bright side. At least there might be one thing that homeowner and Bank of America can finally agree on. That is that we both apparently do not like the Federal Housing Finance Agency and Edward DeMarco. – BofA Stops Selling Loans to Fannie Mae

This is exactly why I say the federal government might simply have the same motive as the private banks when it comes to the multiple trust and multiple beneficiary issue. This is because, like all the private banks, Fannie and Freddie (The Federal Government) simplyhave too much to lose — if people were allowed to receive their homes free and clear because there was a break in the chain of title. In fact, that might be the very reason the Federal Housing Financial Agency has started to lobby state officials in California in the same way the private banks do. For example, fourteen members of the California Congressional Delegation sent a letter to the Federal Housing Finance Agency blasting it for its involvement and opposition to key pieces of the California Homeowner Bill of Rights. – Click here for article

Copies of letters below:

1. May 30, 2012 Cded FHFA Mortgage Lobbying Letter
2. Federal Housing Finance Letter

This is exactly why I say that Fannie and Freddie and the Federal Housing Finance Agency should not be considered a friend to the homeowner.

Now — on the other hand — the fact that the California Attorney General sued Fannie and Freddie is exactly one of the many reasons that California Attorney General Kamala D. Harris will always be considered a friend to the California homeowner in the Golden Gate and the Golden State of California.

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That is why I am asking you to take action today by holding accountable any public official that does not vote in favor of the Homeowner Bill of Rights in any future election for office. This is because it is important that we let them know that the California homeowner stands in support of California Attorney General Kamala D. Harris and the Homeowners Bill of Rights.

This Is A Call To Action:

Therefore, please write and call today the six government officials that will be voting on the Homeowners Bill of Rights. Please send them a link to this page.

Their names are:

1. Noreen Evans: http://sd02.senate.ca.gov/contact
2. Mike Feuer: http://asmdc.org/members/a42/
3. Ron Calderon: http://dist30.casen.govoffice.com/
4. Mike Eng: http://asmdc.org/members/a49/
5. Sam Blakeslee: http://cssrc.us/web/15/
6. Don Wagner: http://arc.asm.ca.gov/member/70/

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Your turn Martin: Mandelman Matters

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

 

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May 31st, 2012

There have been many people who wonder why the federal government seems to be protecting the banks. That is because THE FEDERAL GOVERNMENT IS A BANK! This is after you consider that Fannie Mae and Freddie Mac were taken over by the federal government in September of 2008. Then on September 6th, 2008, the director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, announced his decision to place Fannie and Freddie into conservatorship run by the FHFA. Then in 2009 the United States Treasury Department announced that it would start buying Mortgage Backed Securities (MBS), which incidentally, are all those bad subprime loans that the banks created as part of a potential insurance scam. This is why Fannie and Freddie (The Government) owns a good portion of the loans. Therefore, in retrospect, it could be said that you have a zero balance with the bank that created your loan, because your taxpayer dollars paid off the loan for you. Nevertheless, Fannie and Freddie would then end up hiring the very banks that your tax dollars purchased these loans from — but to service the loans for Fannie and Freddie. This is why the banks are no longer really banks anymore, but instead, they have become “Servicing Companies” for the investors.

Now there really could be only two reasons why the government bought these loans.

1. They hoped to make a shit load of money off the mortgage backed security loans. However, this would not end up being the case, after you consider the taxpayer then had to bailout insurance giants like AIG.
2. Or, the government was just trying to absorb all these toxic loans so that the taxpayer would end up holding the bag in the end – instead of private investors and banks. In other words, it could have been just another sophisticated banking industry bailout. This would be further supported by the evidence that has shown that former Treasury Secretary Paulson forced banks to take the bailout money to purchase other collapsing investment banks, such Merrill Lynch, to save the bad economy the banks created from collapsing.

Either way, we can conclude that the United States government decided to go into the mortgage banking business. This is really a bizarre concept if you think about it. This is because, in essence, the federal government has become the private banks competitor. To help you better understand this concept – I want you to picture in your mind an oil field that has six big oil pumps on it. However, one of the oil pumps is painted with the colors of the American flag. This is to symbolize that this oil pump is owned by the federal government.

This is why now maybe some of you can understand why the federal government might feel a need to protect the banks. It might be because they are protecting themselves, because the federal government is a bank (Fannie and Freddie). You can also see why the federal government might not see that it is in its best interest to reveal that there are multiple trusts and multiple beneficiaries existing that do not allow the banks to properly identify the actual investor in most of these loans. This might be because Fannie and Freddie (The Government) might have more to lose than any of the other banks out there, after considering that they own a large majority of these loans.

That is why in the end it could be said that those who have loans owned by Fannie and Freddie have something in common with the American Indians. You see, just like the American Indians. This is because these homeowners have also been foreclosed on by The United States Government — which might be the real Bank of America at the end of the day.

Welcome to the American Nightmare!

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How long do you think the American people are going to allow you to hide behind these private banks Fannie and Freddie?

Not for long Mr. Edward DeMarco. (Wink)

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Related article: Advocates Applaud California Congressional Delegation’s Call for Investigation into FHFA’s Lobbying Efforts Against the Homeowner Bill of Rights

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you liked today’s blog.

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May 29th, 2012

I have to say that this time off from blogging every single day has been working exactly the way that I had planned it to. That is because not blogging every single day in “John’s Daily Blog” has been working effectively in helping me spiritually recharge – refocus – and reconnect – while I decide exactly what direction I would like to take Piggybankblog.com in delivering 765000 volts of power to any unethical opponent that stands in our way of protesting against the second largest bank in the world for its crimes against humanity. I know that you probably want to know what 765000 volts of electricity or power means, right? Well — it was something that I tried to explain to Martin Andelman when I talked with him the other night I told you about. I explained to Martin that I felt much like me and Piggybankblog were a high voltage 765000 volt power line that had been disconnected during a law firm warfare storm – but only to zap anything and everything that dared to come close to 765000 volts of electricity. Now, of course, only stupid people get too close to a hanging disconnected power line – however — “stupid is as stupid does.” (Wink) This is especially after you consider that I have built my blog to protest against the second largest bank in the world. Therefore, it should only stand to reason that I would have both the capabilities and resources to fend off any potentially unethical attack from a much smaller country. Nevertheless, even considering, I have never once felt any anger or aggression or revenge towards any perceived threat that would inspire me to write a blog defending myself from any unethical law firm or attorney or service. The fact remains that the only feelings that exist in me are: Disappointment, excitement, exuberance, bummed out, happy, sleepy, sarcastic, amazed, and impressed – but for the record – never angry or retaliatory — or as part of a threat.

The simple fact is that my daily blog is a journal of sorts. That means I write about whatever I am experiencing at that particular time I am writing. However, I must admit, I feel that sometimes the “consumer alert blogs” can have the ability to make me unfocused on my protest against the second largest bank in the world, Bank of Defrauding America. I have also come to realize that not everyone relates with some of these attorneys or services that I write a consumer alert blog on. However, EVERYONE relates with the blogs I write about Bank of Destroying The American Dream and the other banks.

Therefore, I have decided to take some time off to repair – reconnect –and manage the 765000 volt power line that came loose during the law firm warfare storm with the following changes.

1. Consumer Alert Blogs: These types of blogs will be kept in a separate section from my daily blog here at Piggybankblog.com. I may mention them once in my daily blog to kick off the page that I will be starting — but just not write every day about the same topic. At first — I thought about removing them all together from Piggybankblog. Yet Martin Andelman said that I should just keep them in a different section — but not delete them. I think this was excellent advice.
2. John’s Daily Blog: Martin has talked me into NOT DISCONTINUING the daily blog portion. Therefore, I have decided to keep it, but only write maybe once a week – or whenever I feel like it. This way I do not have to feel overwhelmed with the feeling that I have a deadline to write a blog every single day — keeping me from doing research for much more powerful articles. Yet — who knows? Maybe I will feel like writing one every single day here and there – but only if I feel like it and have the time.
3. Category Directory: I have already began to rearrange the category directory that you see on the very right hand side of your screen in the blue green area. I have made it to be more user friendly to new people who come onto my blog. That is because I cannot just take for granted that new people will instantly understand everything we have been talking about over the years. It is important that I remember that some of them come on here only knowing that there seems to be something wrong in the modification process they are in. That is why I have made the category section more accommodating to taking a new person on a journey of discovery. I will also be focusing more on the “THINGS I CAN TRY TO SAVE MY HOME FROM FORECLOSURE” category selection. This is because, let’s face it, this should not be just about education on what the banks did and are doing. It should also be about focusing on trying to find solutions that fit each homeowners needs. For example, where one homeowner might be having problems with a modification — another homeowner might be having problems with a short sale. Then there are the ones who are seeking litigation. Therefore, I plan on getting together with several others to discuss what acceptable options we can offer the homeowner with their needs while at Piggybankblog.com.
4. The Protest Against The Banks: Now I originally started this blog and protest against Bank of America. However, we all now realize the problems are not isolated to being with just ONE BANK. This is because over time we have realized that it is a problem with the entire mortgage banking industry as a whole. That is why I will be turning Piggybankblog.com into a site that is a protest against all the mortgage banks, such as JPMorgan Chase and Wells Fargo and One Worst Bank — and others. This is because it is important that our protest also strives to help other homeowners at other banks too. You can see the banks currently protested against in the category section on the right. It is under: “BANKS PROTESTED AT PIGGYBANKBLOG.” We will of course be adding more banks as we go. However, I figured out that it is way too much just for one guy to do and keep up with every single bank. That is why it is still my intention to eventually find a sort of “czar” to run each bank protest — but as I continue to be the “Bank of America Protest Czar.”
5. U.S. Justice Department Task Force: I will be creating a page where people can follow and keep track of Obama’s recently announced “Financial Crimes Unit” that has been directed to investigate crimes these banks committed while selling these loans on Wall Street. This will allow taxpayers to be able to hold those accountable that are in charge of holding the others accountable, such as the banks. We need to make sure that this “Unit” was not created in the same way as HAMP was created by the President — which means that it looks and sounds good — but does nothing. We want them to know that we are not going to go away — even if we lose our homes — because this is not just about losing our homes. This is because it is more about us losing our country to what Thomas Jefferson tried to warn us about in 1802 when he said: ‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.’ The simple fact is that these banks have hijacked our country — AND WE ARE HERE TO TAKE OUR COUNTRY BACK!

Once this 765000 volt power line is repaired — reconnected – and managed — it will provide light to every home that is connected into it – just as it was intended to do when it was created.

As far as me? How am I doing? And what am I feeling like right now?

Well — I ain’t happy! I’ m feelin glad! I got sunshine in a bag!

I’m useless, but not for long! The future — is comin’on!

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• Finally someone let me out of my cage
• Now, time for me is nothing cos I’m counting no age
• Now I couldn’t be there
• Now you shouldn’t be scared
• I’m good at repairs
• And I’m under each snare – Intangible
• Bet you didn’t think so I command you to – Panoramic view
• Look I’ll make it all manageable……..
• You see with your eyes
• I see destruction and demise
• Corruption in disguise
• From this fuckin’ enterprise….

Full Song lyrics: Click here

So pucker up buttercup! Because here comes 765000 volts of power right up your butt Bank of America, JPMorgan Chase, One West Bank and Wells Fargo!

“I’m useless, but not for long. The future is coming on – It’s coming on – It’s coming on.”

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Breaking News: Bank of America whistleblower receives $14.5 million in mortgage case

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you liked today’s blog.

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May 25th, 2012

So do you miss me? Well I sure miss all of you! I think of you all the time! That is why I thought I would take this time to check in with all of you. However, before I do, I would like to start off today’s blog by letting you know how deeply touched and humbled I was by the amount of emails that I received, after you heard the announcement that I might be discontinuing the daily blog portion of Piggybankblog.com. I was so deeply touched by how many of you shared with me that reading my daily blog with your morning coffee had become a part of your daily routine over the past two years. Yet nothing made my eyes tear up more than to read that it had encouraged many of you to find the strength to fight back Bank of Destroying The American Dream. Perhaps the most surprising revelation was that nearly 20 out of the 150 emails were actually from attorneys and political officials around the United States. However, that does not mean that every single email that I received had something nice to say to me. For example, there was one email from “Elizabeth” who seemed to be overly hostile and disgruntled over my last blog that I had written on May 16th, 2012.

“John, please consider sharing your next blog with someone before broadcasting diatribe of self-pity mixed with Narcissistic ideations of grandeur. How many people who struggle to buy food, pay electric/water, just to survive, donated to you? Did that money buy the car, BBQ or pay for the parties? This reads like a snub and it hurts. Liz”

Dear Elizabeth:

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Anyway, the above email was sent to me in response to a mass email that I had just sent out to update everyone that my house caught on fire the night before — requiring three fire trucks to put it out — but I had actually sent this email out to try and show that I was still having a good attitude about it. This is even considering that I was actually emotionally traumatized both physically and emotional from watching my own house go up in flames the night before. However, for the record, there was absolutely no request for donations made in this particular email that I sent out. It is also important to mention that I have no record of Elizabeth ever giving me a donation. That is why I was perplexed to why she would feel so “hurt” by something she apparently never donated to in the first place. It is also why, for the life of me, I do not know why Elizabeth felt that she was self-righteous enough to write me an email like this full of judgmental insults — while at the same time — she seemed to be trying to elicit some kind of pity from me in the end by saying things to me in her email such as: “it hurts.” Yet I am the one that is “broadcasting diatribe of self-pity mixed with Narcissistic ideations of grandeur? (John slightly turns his head sideways looking at the monitor with a look of confusion)

Please! This person’s email response to my house being on fire was the epitome of “Narcissistic ideations of grandeur.” This might explain why they would react so violently to any thought of anybody trying to elicit pity from them. This is because the reality is that the books say that a narcissist actually gets pissed off at anybody they perceive who is trying to elicit pity from them, because they simply feel inadequate when they realize they lack basic normal human emotions that make them not as perfect as they want to perceive themselves. That is why they also tend to speak out of rhythm with what has been written to them, because their sociopathic personality disorder simply lacks the ability to empathize enough (which requires they step out for one second of thinking of self) to actually understand the context of what the person has just written to them. That is why it would be no surprise that this person would choose an email where I just told people that my house was on fire the night before to inject their poison — just like the snake they are.

However, here is something that “Elizabeth” might want to know though. You see, a narcissist lacks the ability to even feel sorry for themselves, which means that her allegation made no sense when she said that I was displaying both “self-pity” and “narcissistic” qualities. That is why a lot of times what they say does not make very much sense in context to what was written either. For example, “Elizabeth” was saying that I am “broadcasting diatribe of self-pity.” Yet on the other hand Elizabeth is complaining that I do not appear to be suffering enough with the statement of: “Did that money buy the car, BBQ or pay for the parties?”

Nevertheless, I never really have understood these kinds of people who feel a need to write about their “feelings“ to someone that they just said was a “narcissist.” That is because — presuming that Elizabeth was correct that I am a narcissist – it would suggest that I do not have the ability to empathize with anything she had just written to me. (lol) However, Elizabeth should not be misled here. This is because I do not care about her little itty bitty feelings — not because I am a narcissist — but because I have a policy that says that I do not like anyone who sends me an email calling me names. Certainly not from someone I do not know. Once again — I know that is a strange policy for some people like “Elizabeth” to understand — but it is my policy — and it will be enforced in this situation.

Now please allow me to answer some of Elizabeth’s questions of: ” How many people who struggle to buy food, pay electric/water, just to survive, donated to you? Did that money buy the car, BBQ or pay for the parties? … “

1. The Car: None of the donation money pays for my car. It sounds like Elizabeth just presumed that I have car payments that I have to make. The truth is that my 2001 Benz is paid off — and it was paid off way before I even started my blog. The other truth is that I have only received somewhere just over $2,000.00 (rough estimate) in donations in two years that I have been blogging. This is mainly because I only started pushing the donation tab after I lost my company in November of 2011. Until then, let the record show, I was actually sending thousands of dollars to other homeowners to help them save their homes — and not the other way around — such as Elizabeth’s delusions might be telling her. At any rate, I highly doubt that it is possible for just a little over $2,000 to pay for my 2001 convertible Mercedes Benz. (Rolling my eyes) That is why I am not so sure that I am the one who is experiencing “ideations of grandeur” here.
2. The Parties: As if it was any of Elizabeth’s business in the first place, let the record show, it was actually my friends that treated me out for my birthday. This was because I could not accept their invitation back in March because I was too busy trying to help people save their homes on my blog. Apparently, according to Elizabeth, I must not be allowed to go out and have fun if I receive any kind of donations. This is even though I have not really left my house for any fun for practically the entire two years that I have been blogging. That suggests that I have every right to leave my cage sometimes if I want to. Yet– I am sorry Elizabeth — because I simply had no idea that I needed to ask for your permission first. (lol) Now that I know though — I guess I should ask Elizabeth a few questions before I get in trouble again. For example, would it be okay if I were to eat? How about use the bathroom? What about sleeping? Is that okay with you Elizabeth? Then again, maybe Elizabeth feels that I am allowed to do these things, but I am just not allowed to be honest about what I do on my blog. I guess that would make it “Elizabeth’s Daily Blog” instead of “John’s Daily Blog” though. Gosh — I can’t remember where it was that I said those very same words to someone else. (Scratching my head)
3. The Barbeque: For Elizabeth’s information — my friends actually paid for the barbeque we had. In fact, it might surprise Elizabeth, but they have always paid for the barbeques at my house. This is because that is what they do when they ask to have it at my house. This is because they want to enjoy both my friendship and the view of the city. You see — I provide the house and the view — and they provide the food — which apparently they also provided the fire. That is why I am hoping that Elizabeth can at least find peace in knowing that the barbeque was not fun in the end for me. In fact — maybe it will make her even more happy to know it actually made me feel pretty down the next day — but only to be followed up with such a nice email from good old Elizabeth on the day I could still smell the smoke in my house from the fire from the previous night.

Therefore, as you can see it was actually Elizabeth that seemed to be “broadcasting diatribe of self-pity with Narcissistic ideations of grandeur.“ This is after you consider that she has written something this emotionally charged to a complete stranger on the internet that she has never met on the phone or in person. Now, I don’t know about you, but it has always made my skin crawl when anyone writes somebody on television a letter saying things such as: “you are just so selfish!” That is when somebody usually yells “SECURITY!” That is why I decided to add this complaint to my “fuck it list’ instead of my “bucket list.” Since Elizabeth apparently seems to like airplanes — I wish she would just fly away. (Wink)

Now are we ready to stop playing these silly games of this attorney hiding behind your name?

Or, am I just going to have to win this game?

Yes — it is true — I can smell the sulfer of Satan wherever he goes.

Martin Andelman from Mandelman Matters blog called me the minute that he received the announcement that I might be discontinuing the daily blog portion of Piggybankblog. He said some very kind things about me and my blog that night on the phone — things that I very much appreciated. Thank you Martin Andelman.

Anyway, Martin urged me not to stop doing the daily blog. Martin said: “You can’t stop now John! You have thousands of people following your blog right now! Are you crazy? You can’t quit now! John – let me tell you something — I could hardly believe it – but I even know several prominent attorneys who admitted to me that they read your blog on a daily basis. I was like – you read fucking Piggybankblog.com?” Martin and I started laughing at this point on the phone because he made it sound like they were admitting they were watching porn or something. (lol) Yet it is true — because it appears that my daily blog has become a shameful guilty pleasure for some of you attorneys and political people out here. However, I explained to Martin that I truly loved writing the blog every single day, but that my situation has changed since I lost my company, which meant that I now needed to go and find a 9-5 job to survive. Unfortunately, it would also mean that I would not have the same amount of time to dedicate to writing every single day.

That is when Martin started to point out that we both have two different styles. He would go on to explain that he knew the difference between my blog and his though. He said that, unlike his blog, people really identify with me more than him. He explained it was like a phenomenon of some sorts. That is when I started laughing — but only for Martin to ask me what was so funny. I replied: “I guess it is because I now know I have the same story as Forrest Gump. Do you remember that part in the movie where Forrest would end up inspiring thousands of people across the nation to run behind him? Oh my God Martin! I have the same story as Forrest Gump! Just like Forrest — that day — for no particular reason — I decided to go for a little run.”

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But I asked Martin if he remembered what Forrest said at the end when he decided that he was done running. Forrest simply said: “I’m pretty tired. I think I’ll go home now. And just like that — my running days were over.”

Martin, in so many words, told me that I needed to remember who I was to everyone out here — and how much what I do meant to them. He reminded me that thousands of homeowners came on to the internet feeling like they wanted to give up after what the banks had did to them — and not just give up on saving their homes — but they would feel like just giving up on everything. That was until each one of them would read a few short words on the internet from some man they all felt like they already knew before they met him. And when they read these nine words — something magical happened — and it would give each one of them back something the banks had taken away from them. It would give them back their hope — and along with it — it would remind them of who they really were.

That is when Martin asked me if I remembered what those words were.

I simply answered: “Yes I do Martin. I have been saying them all my life.”

 

My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you liked today’s blog.

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May 16th, 2012

I have spent the past two weeks (even before my friend from NM visited) sort of getting out more. I have been now going to practically every social event that I am invited to for the past two or three weeks. This is even when I do not sometimes feel like it. This is because before this protest started two years ago I used to probably be one of the most social event people you could ever meet — if not more social than most of my friends I have known for many years that used to claim that I might have been going out a little too much. Yet I have sort of isolated myself into one room of the house blogging every day for two years now — without much contact physically with the outside world — until now. That is why I have been making it a point to go out on the weekends — and to any social event I can. For example, sometimes I just take a road trip to Santa Cruz or San Francisco to clear my mind. I just put the top down on the 2001 Benz (the only thing that I still own back from when I had my company) and let the wind blow through my hair while I listen to Steve Miller on the way. That is why I must admit that I not only rather enjoy the social events — but I actually miss them. It is exactly why I have decided to see if I can optimize my blog in a way that I can have my cake and eat it too by doing both. What I am saying is – it is time for me to stop just surviving my life — and now time for me to start living my life again. That is why I have decided to take some time off until I decide what direction I want to take the blog. I have, however, made an announcement that I have decided to keep all current consumer alerts posted. This is because many consumer advocates wrote in offering to help me with this section of my blog — while freeing me up to write more about the banks. Yet until then — I am going on a road trip Yo! That is because it seems I have some very important people that want to meet with me about some very important information I have that they are interested in.

See ya on the road!

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(Picture of John Wright taken on 05/14/12)

In conclusion, I have received an email legal threat from (Name Redacted) yesterday. For the record, nothing (Name Redacted) said in his email has changed my position at this time. That is because I simply think that (Name Redacted) is in a potential conspiracy with Mitchell J. Stein to maybe shakedown celebrities for investment money for (Name Redacted) potentially failing company — while at the same time – (Name Redacted) might be being used as a “pawn” by Mitchell J. Stein — to hide behind the scenes to maybe get some kind of revenge against me for supporting California Attorney General Kamala D. Harris — and because Brookstone handed him his ass in court. That is why we all stand ready to pursue any and all legal remedies available to us by the law — while holding EACH AND EVERY PERSON ACCOUNTABLE who was involved in this potential conspiracy. This might include a reward for damages from all parties involved on the day we are served with any bogus lawsuit meant to maybe extort us for investment money. That is because I think it is a conspiracy. For example, has anyone wondered why the very same “Emmett Lucero” that worked for (Name Redacted) is now calling clients on behalf of Spire Law Group? I don’t! Like Krista Railey might say: “Just do the math.” Either way — I just keep connecting the dots in this potential conspiracy for any potential future litigation. That is just in case I am forced to defend myself. That is why nobody should make no mistake here — because nobody here is afraid of any lawsuit from any of these parties. In fact — I could care less. This is regardless of whatever delusion they might be having that it bothers me. The fact is that it simply does not. Do I look like a guy who is afraid of attorneys or law firms or lawsuits? That is because I assure you we are all very well represented beyond any stretch of the imagination — and contrary to whatever lies (Name Redacted) might be being told from the other side. (yawn) Does he think we will not sue them back? We simply will. Either way — they simply serve no legal threat to me at this time. Neither will they — even in their wildest wet dreams.

In part — (Name Redacted) responded to my effort to seek peace as “friends” with the following response:

Email sent to John Wright From (Name Redacted) on 05/15/12:

“What you’re doing to me is twisted and illegal. Like I said – I am not pissed. I am bewildered as to how someone can simply not just admit when they’re wrong. You messed up a little John; you were given a contract. You signed it – probably without reading it. So what? You fucked up – get over it, take care of business and move on. I have never ever met anyone like you in my life; I never understood the concept of self sabotage until all this started. You took a small issue and blew it up to the point where nothing good can happen – and you took other people with you. Its mind boggling and senseless. You caused all of this – you couldn’t leave well enough alone.”

For the record, I still have not been paid for my services — which makes me a victim.

Nevertheless, this was an interesting response from a guy that was part of a company that let out a press release making potentially false allegations about myself and others — which can and will be unsubstantiated by the facts. However, for the record, I categorically deny any of the outrageous allegations spelled out in (Name Redacted) email to me on 05/15/12 – where he willingly admits that he remembers the conversation of the agreement between me and (Name Redacted) on the telephone. Unfortunately, his only response to it was the following: “You messed up a little John; you were given a contract. You signed it – probably without reading it. So what? You fucked up – get over it, take care of business and move on.”

Clearly – I could not help but think of all those homeowners (Name Redacted) “might” have gotten to sign loan documents when he gave the above response.  However, it seems to me that I remember him clearly admitting to me on the phone several times that he was “not such a good person back then.” In fact – he would talk about it all the time. So “maybe” the above email to me is what he thinks of all those people who signed loan documents. Maybe he thinks that they just messed up a little because they were given a contract. They signed it – probably without reading it. So what? They just fucked up – Maybe they should just get over it, take care of business and move on.

(Name Redacted) went on to say in his email that what I have written here are lies. Yet – he does not mention even one area of my blog where he thinks it is a lie — but just makes a flat statement — and then threatens legal action if I do not remove it. That is why – to be fair – I invite any response that (Name Redacted) might have that points out where I have lied in this article. I will be happy to post his response in its entirety — while I correct or remove any part of it that is not true.

Either way — the fact remains that I am the only one in this story that has:

1. Never been raided by the feds. – click here
2. Never been raided by the AG and arrested by the feds. – Click Raid Click Arrest

That is why maybe (Name Redacted) might be correct when he said that he has never met anyone like me in his life before. (Wink)

Now there might be evidence to show that (Name Redacted) might have connections with Mitchell J. Stein — who is clearly a controversial figure — considering that he has been raided by the California Attorney General and arrested by the feds. Great business move!

“Now do the math.”

Dear Washed Up Attorney:

Song lyrics:

• And as for me I can sit here and bide my time.
• I got nothing to lose if I speak my mind.
• I don’t care anymore
• I don’t care anymore about what you say.
• We never played by the same rules anyway.
• Do you hear? I don’t care no more.
• I don’t care what you say.
• I never did believe you much anyway.

Good day Mr. Stein.

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I am officially on vacation.

Until further notice.

 

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P.S. I will stop by and read your comments at the bottom every once in a while.

My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate only if you enjoy my blog and if you can.

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May 15th, 2012

I was talking to a friend about a week ago (Martin Andelman) about maybe taking Piggybankblog.com into a different direction. The simple fact is that my circumstances have changed here since I lost my company. This means that I might now need to go out and find employment just to survive. This of course will make it virtually impossible for me to write a daily blog practically every single day, such as I have been doing for almost two years now. I must admit — I have also grown increasingly frustrated with how the blog has also changed into more of a “consumer advocacy alert” for every potentially crooked law firm and mortgage service out there. That always frustrates me because that was not my original intention when I first started the blog. Yet it would somehow grow into that after I would receive pressure from so many advocacy groups and disgruntled clients to use the Piggybankblog.com platform to warn people and voice their complaints about certain services. Things seem to start to change with the blog when I was pulled into this law firm warfare that used to exist between Brookstone Law and Mitchell J. Stein when it first started, which by the way, I have to admit that it has been exhausting. I am simply not capable of fielding and processing the amount of complaints that come in on so many loan services and law firms and investor programs – and yet – be expected to stay focused on my protest against the banks. The fact is that it takes a lot of time away from me being able to study the issues that I need to study about with the complex issues that I need to understand to write an article about the banking issues that lead to the whole reason I started this blog. I just truly feel that all these other “consumer advocacy warning” articles confuse new readers on my blog about what this protest is really about. It is almost like they have to work through all the other law firm warfare bullshit before they can get to the main course – which is the complex issues surrounding the banks. That is why I am thinking of turning it into a more serious “newspaper” like format. Maybe like a “Huffington Post” sort of thing. In which who knows — maybe in five or ten years It might generate enough significant traffic that would make it maybe sellable as a serious online newspaper someday. Unfortunately, this of course would involve me leaving out all the funny stuff – while writing the details of the story with a more serious tone like the others do. I don’t know – but I just know that the articles I would be writing would be much better if I had the time to research and proof read everything I write like Martin Andelman does — instead of writing a daily blog everyday. (Picture of John Wright on the right taken on 05/14/12 in Santa Cruz)

What I am saying bloggers – is you might be seeing the last days of John’s Daily Blog.

Yet I have made no decisions as of yet.

Either way it turns out — I dedicate this song to all of you here:

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you can.

I need it more than ever right now.

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May 14th, 2012

Today someone from JP Morgan Chase called me about some business credit card amount due for a company I no longer have. They actually call me every single day (yawn) with the same boring conversation. What I mean is — they always start off letting me know that all calls are recorded for quality assurance. Then I always let them know that I also record all calls for quality assurance. That is when they let me know that they do not allow the calls to be recorded. (scratching my head) Yet isn’t it sort of revealing that these banks think they should be able to protect themselves by recording us — but without us being able to protect ourselves by recording them? Either way – this is when I usually deliver them the silver bullet by letting them know that it will be considered their permission if they continue the call. Usually they always hang up at this point. However, today I thought I would have a little fun. I just responded to every question with saying: “JP Morgan Chase lost two billion in six weeks due to errors and sloppiness. JP Morgan Chase created and invested the credit default swap process and broke the planet. Jamie Dimon should resign.”

I know — I know — Jamie Dimon is sorry.
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In the end the Chase representative said they were going to transfer my file to a third party — in other words collections. That is when I let them know that I was gonig to transfer it to my third finger in the air like I just don’t care. I ended the call wth: “JP Morgan Chase lost two billion in six weeks due to errors and sloppiness. JP Morgan Chase created and invested the credit default swap process and broke the planet. Jamie Dimon should resign.”

Elizabeth Warren: Jamie Dimon Should Resign From New York Fed Board

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Cross linked with huffingtonpost.com

May 14th, 2012

Elizabeth Warren called on JPMorgan Chase CEO Jamie Dimon to resign from his post on the Federal Reserve Bank of New York’s board, citing the need for “responsibility and accountability” in the financial industry.

Dimon, who disclosed a $2 billion loss by the banking giant last week, should “send a signal to the American people that Wall Street bankers get it and to show that they understand the need for responsibility and accountability,” Warren said in a statement following Dimon’s Sunday appearance on “Meet the Press.”

During that interview, Dimon said he “absolutely” believed that the enormous loss would give regulators more ammunition against the banks. Warren latched onto that comment, stating that Dimon’s place on the board of directors gave him the power to advise the New York Fed on “management oversight and policy,” creating what the Massachusetts Democrat feels is a clear conflict of interest.

Watch Warren discussing the JPMorgan Chase loss last week:

“We need to stop the cycle of bankers taking on risky activities, getting bailed out by the taxpayers, then using their army of lobbyists to water down regulations,” Warren said. “We need a tough cop on the beat so that no one steals your purse on Main Street or your pension on Wall Street.”

Warren, an outspoken advocate of banking reform who oversaw the Troubled Asset Relief Program and helped create the Consumer Financial Protection Bureau, is running in a closely-watched Senate race against incumbent Scott Brown, a Republican. She has stressed her role as a consumer advocate throughout the campaign.

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“JP Morgan Chase lost two billion in six weeks due to errors and sloppiness. JP Morgan Chase created and invested the credit default swap process and broke the planet. Jamie Dimon should resign.”

Welcome back from the weekend everyone! Welcome back to the American Nightmare brought to you by Bank of Destroying America and JP Morgan Chase.

Thanks for breaking the planet Jamie Dimon and JP Morgan Chase.

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Breaking News: Elizabeth Warren Asks For John Wright and Your Help

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you can.

I need it more than ever right now.

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May 11th, 2012

Something really ironic happened yesterday. However, before I can explain it to you what happened, I must first explain that a friend that I have known for over 22 years came out to visit from New Mexico yesterday — but just to make sure I was alright. He was out here about three years ago — but this time he said that he came out to make sure I was alright because a bunch of friends got a hold of that youtube I posted online with me being 30 pounds less with long hair after hearing that I lost my 25 year company that they always knew me having. Apparently they became worried because they have always known me with the “corporate haircut” or “air force haircut” that I have always sported since high school. Whatever! (lol) I can understand why they were worried though. It is because most of my friends never knew why I disappeared out of their life instantly two years ago until now. I explained to my friend that it was because I already knew they would not understand the complex issues surrounding just what these banks did to our country — if not even care about it — and worried they would try to stop me. Yet once my friend could see for himself that I was in better shape than they all previously thought — he was just fine with everything I was doing. Now that does not mean that he still did not look at me like I was from another planet when I started talking about the issues. In fact — he seemed to look at me like I was Noah building an arch or something the whole time we talked about it. It was not until once we tossed back a few beers (which I rarely do anymore) that he could see that I was still the good old John Wright that he knew for over twenty years. That is because I had him laughing his ass off at the stories I was telling him — just like the good old days that night.

It would not be until the next day when we went to breakfast at Denny’s that he realizef that the “Foreclosure Crisis” might be a bigger issue than he previously thought the night before. This is because, ironically, there were two gentleman in the booth behind us at Denny’s that were talking about how one of them was having problems with being foreclosed on by Bank of Destroying America. He told the other person that he did not want him to tell anyone else in the family because it was confidential. He then told him not to worry though — because he had a plan after reading some blog named “Piggybankblog.com.” He explained to the person that there might be multiple trusts and multiple beneficiaries existing with his loan that might end up helping him in BK Court after he showed the results of the title and search report to his attorney. Then he said: “By the way — you have to read the way this John Wright guy writes about things. This guy is a riot!” Little did he know that “My name is John Wright AND I AM FIGHTING BACK” was sitting just one booth over from him back to back listening to what he was saying. I am guessing he did not recognize me with my long hair, which by the way, is exactly ONE of the reasons that I have grown it out. It of course is not the main reason — but one of the major reasons after a few incidents in the public. For example, as I have shared already with some of you, there was a time I went to the mall and some 20 something year old young lady recognized me. She was all the way from Sacramento California (two hours away from where I live). She asked to take a picture with me because she said that her dad and she became fans after her college teacher had her class do an assignment on me and the issues on Piggybankblog. The assignment was “Whose side are you on? Are you on the side of the banks or John Wright?” It was funny — because one of her five friends took a picture of both of us standing together while she was on the phone with her dad saying: “Guess who I am with dad!? I ran into My name is John Wright AND I AM FIGHTING BACK at the mall in San Jose!” At the time I could not help but think it was more than ironic that I would be recognized by someone at the mall after not going to the mall in two years — let alone from a small banking blog on the internet. That is why it would only be more than ironic that the guy sitting in the booth next to me yesterday would be in foreclosure talking about Piggybankblog.com with his friend. It was right about then that I just looked across the table at my friend to just give him a “wink” before I dug into my breakfast. That is when a big smile came upon his face as he stared at me — just before he gave me “wink” back before digging into his breakfast.

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We would spend the rest of the time talking about more simpler things.

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you can.

I need it more than ever right now.

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May 10th, 2012

California Attorney General Kamala D. Harris has proven to become somewhat of a Rock Star here in California when it comes to trying to protect the California homeowner. This is because Madam Attorney General would not only stun the banks – but also many Californians around the state when she made a statement by “walking out of the 50 State Settlement Talks” in September 30th, 2011. This would then be followed up by her announcing “The Mortgage Investigation Alliance” that she would be forming with Nevada Attorney General Catherine Cortez Masto on December 6th, 2011 to investigate the banks potentially irregular, fraudulent, illegal and simply unsafe mortgage practices. The attorney general of California then would introduce what has become known to Californians as “The Homeowner Bill of Rights” on April 29th, 2012 — but only to receive much unexpected opposition from the Democrat controlled Banking and Finance Committee on April 19th, 2012.

Democrats delay California mortgage overhaul amid business opposition

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Cross linked with sacbee.com

April 19th, 2012

By Jon Ortiz jortiz@sacbee.com

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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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Please donate if you can.

I need it more than ever right now.

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May 9th, 2012

Martin Andelman from the Mandelman Matters Blog had a simply FASCINATING, SCHOCKING, AND ABSOLUTELY SCANDALOUS podcast interview with a former California State Bar Association Prosecutor named David Cameron Carr. The Mandelman Matters interview finally reveals the behind scenes political pressure that the California State Bar Association is usually under from the California Legislators, California Supreme Court and California State Governor — or all three at the same time. The interview reveals that this would be especially true during the times when it was considered “hunting season” for any attorney who dared to charge an upfront fee while offering homeowners representation in a loan modification process with the banks back in 2009.

Background on David Cameron Carr:

David Cameron Carr is a very highly qualified and respected. David Cameron Carr graduated from Loyola Law School in 1986 in Los Angeles County of the State of California. He was then admitted into the California State Bar Association in December of that same year. Additionally, Mr. Carr was admitted to Southern, Central and Northern US District Courts for California – and is a Member of the San Diego County Bar Association’s Legal Ethics Committee, a Member of the Association of Professional Responsibility Lawyers (APRL), and a Member of the American Bar Association and ABA Center for Professional Responsibility.

David Cameron Carr has been in private practice representing California attorneys and applicants since 2001. Mr. Carr was also a Staff Attorney at the California State Bar Association from 1989 to 2001 as a Manager of the Los Angeles General Trials Unit — where he was a State Bar Discipline Prosecutor.

Now in 2009 — many homeowners had just begun to feel the effects of the bank created Great Recession and Great Mortgage Crisis. It was at that time that homeowners had been informed by the various news outlets on television that they could apply for a loan modification with their bank. Desperate for some kind of relief — many of the homeowners applied for a loan modification with their bank. Yet a lot of homeowners complained that the process was too complicated and too frustrating. They also worried the banks would end up taking advantage of them. This is why many of them turned to “loan modification companies” or “loan modification attorneys” during that time. Then almost immediately there seemed to be warnings being given all over the news about these newly formed loan modification companies attorneys representing a homeowner in a modification.

Youtube below was before SB 94 Bill was passed.

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The State of California and the banks seemed to be using various news outlets to encourage the homeowner to seek a modification without the use of an attorney.

Then California Senate Bill 94 (commonly known as SB 94) was signed by the California State Governor on October 12th, 2009. This Bill now made it illegal for any lawyers or modification companies to charge any upfront fees to represent a homeowner in a loan modification. State officials announced that SB 94 had been introduced because there were “THOUSANDS OF ATTORNEYS” around the State of California that were taking the upfront fees and not doing the work. Therefore, SB 94 would effectively leave the homeowner to fend for themselves without the help of an attorney in the modification process. This was because there were not too many attorneys willing to work without a retainer. Now the homeowner would basically be left alone to be subjected by potentially irregular, fraudulent, fake, illegal and simply abusive home loan modification process without legal representation — thanks to the State of California.

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SB 94 must have been a Bank of America wet dream.

Then years later the homeowner would learn that it was actually the banks that were not doing the work — and not most of the loan modification attorneys — such as they had told us. We would find out that the banks were ignoring loan modification companies and attorney requests — but by saying they never received the paperwork. Now does that sound familiar? (Wink) You bet it does! That is because it is exactly what the banks told all of us when we dealt directly with them.

Suzan Anderson from the State Bar said in a 2011 annual meeting that it is their policy that you cannot break up services if you are a lawyer. Then Susan Anderson had a slide show where it said that it was not the State Bar’s official position. So Anderson said it was and it was not in same breath. (Scratching my head) Martin Andelman told me that he would hear that “old circus song” in his head whenever Suzan Anderson spoke about this issue. Click here for 2011 Suzan Anderson presentation

The Mandelman Matters interview with David Cameron Carr would go on to reveal that the California State Bar Association is actually steeped in politics. He said that the State Bar had been long accused by those in Sacramento for being “too lenient” in disciplining attorneys. Apparently, the State Bar understood that to survive politically they would need to “appear” to be tough after being given the “marching orders”to crackdown on any attorney charging an upfront feel to any homeowner with a loan modification. This was the result of people in Sacramento having some apparent delusion that there were somehow existing “THOUSANDS OF ATTORNEYS around the state scamming people with loan modification representation. Yet here is the best part! California State Senate Bill 94 was sponsored by none other than California State Senator Ronald S. Calderon. Who is Senator Ronald S. Calderon? Senator Calderon is the Chair of the highly bank lobbied SENATE BANKING COMMITTEE.

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The Martin Andelman interview revealed that the story ends with only 20 attorneys ever actually being prosecuted for loan modification scams. However, for the record, since February 2009, the Office of Chief Trial Counsel has pursued disciplinary charges related to loan modification services in approximately 1,186 cases involving about 153 licensed California attorneys. Of those, approximately 581 cases have resulted in discipline (involving 69 attorneys) and 18 cases have resulted in disbarment. Approximately 720 cases are still pending before the State Bar Court, with another 291 matters under active investigation. That is out of something like 206,000 attorneys in the State of California.

Bank of America!

 

Please stop wasting our state’s time and money Senator Ronald S. Calderon.

Welcome to the Golden Gate and the Golden State of California bank owned politics.
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My name is John Wright AND I AM FIGHTING BACK!

All Rise! The Honorable Judge John Wright has left The Courtroom of Public Opinion!

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