Posts Tagged ‘banking’

Suffer the Nevius: San Francisco’s Very Own Forrest Gump Goes Full-Maudlin Over “Occupy Bernal” and Foreclosures

Tuesday, May 8th, 2012

Leave us begin with “Occupy Bernal succeeds in stalling foreclosures.”

Take it away, CW Nevius:

“An organization founded by a porn performer, a Summer of Love radical, and a guy named Stardust Darkmatterji, is challenging the eviction of homeowners in their Bernal Heights neighborhood. For the past week the group has been staging very polite, but noisy, demonstrations next to the steps of City Hall to disrupt bank auctions.

SO BLOWING WHISTLES TO STOP SOME LEGAL ACTION SOMEBODY DOESN’T LIKE IS NOT ONLY “POLITE” BUT “VERY POLITE?” THAT DOESN’T SOUND VERY NEVIUS, DOES IT?

And as offbeat as they are, their ’60s street theater is actually getting results.

ACTUALLY? HERE THE NEVIUS SIGNALS THAT THIS WILL BE ONE OF HIS MAUDLIN COLUMNS, THE KIND WHAT ALLOW HIM TO NOT CONSIDER HIMSELF A SAN FRANCISCO-STYLE REPUBLICAN. LET’S SEE IF HE GOES FULL-MAUDLIN.

Of course, the issues of bank meltdowns, the mortgage crisis and defaulting homeowners are complicated. But it seems every neighborhood knows someone who wasn’t served well by his bank. When responsible homeowners find themselves underwater on their mortgages, there’s a sense of hopelessness.

UH WTF, NEVIUS? AREN’T YOU A FUCKING SUBURBAN REPUBLICAN, YOU KNOW, FUNDAMENTALLY? SO LET’S SEE HERE, SOMEBODY BUYS A HOUSE USING A SUBSIDY FROM THE U.S. GOVERNMENT AND THEN WHEN THE PRICE OF THE HOUSE GOES DOWN AND IF THE HOMEOWNER IS A “RESPONSIBLE” ONE,  AND IF HOMEOWNER, THE SAINTED HOMEOWNER SOMEHOW WASN’T “WELL-SERVED” (WHATEVER THE HELL THAT MEANS) BY HIS OR HER BANK, THEN SAID BANK SHOULDN’T BE ABLE TO CUT ITS LOSSES, YOU KNOW, THE WAY IT’S ALL LAID OUT IN THE PAPERWORK? ALL RIGHT. THAT’S YOUR POSITION, NEVE.

NOW, GENTLE READER, BRACE YOURSELF FOR THE NEXT PART.

Occupy Bernal disagrees,

DISAGREES WITH WHAT, NEVIUS? DISAGREES WITH “…THERE’S A SENSE OF HOPELESSNESS?” USE YOUR WORDS, NEVIUS, USE YOUR WORDS!

…and if it means staging old-fashioned protest marches in front of the residence of the Wells Fargo CEO – as they did in February – or blowing police whistles to disrupt the auction (after first handing out free ear plugs to everyone), they are taking action.

WTF, NEVIUS? DON’T YOU ALWAYS OBJECT TO SIMILAR ACTIONS DONE BY PEOPLE NOT IN YOUR POLITICAL FACTION? SO PLEASE EXPLAIN. WHY THE CHANGE OF HEART ALL OF A SUDDEN? WHAT’S THE DIFF?

Their noisy, funky tactics have been far more effective than the Occupy wannabes marching up and down the city streets and smashing the windows of small businesses.

SO LET’S SEE HERE, NEVE, IN YOUR WORLD, THE “OCCUPY WANNABES” ARE THE LOCAL OCCUPY MOVEMENT AND THE JOHNNY-COME-LATELY, HOMEOWNER-OBSESSED OCCUPY BERNAL PEOPLE ARE WHAT, THE REAL THING? DOES THAT MAKE ANY SENSE? AND IT’S OK TO BREAK THE WINDOWS OF BIG BUSINESSES BUT NOT SMALL BUSINESSES? DOES THAT MAKE ANY SENSE?

Granted, some of the auctions involve homeowners who simply borrowed too much…

NOW WE’RE TALKING, NEVE! WE HAD TO WAIT FOR YOUR “TO BE SURE…” GRAF, BUT, YES, SOME OF  THESE HOMEOWNERS SIMPLY BORROWED TOO MUCH. ACTUALLY, ALMOST ALL OF THEM DID. PERHAPS THE FEDERAL GOVERNMENT SHOULDN’T HAVE BEEN PUMPING UP THE REAL ESTATE MARKET ALL THESE YEARS AND DECADES? YOU EVER THINK OF THAT, NEVE? YOU EVER THINK THAT MAYBE WE SHOULD STOP SUBSIDIZING THE REAL ESTATE INDUSTRY AND GET RID OF PROP 13 AND STUFF LIKE THAT?

…however, some are trying to take responsibility.

BY WHAT, PAYING THEIR MORTGAGES AS AGREED?

Particularly vexing is “double tracking,” which is where foreclosure proceedings are taking place while the owner is in the process of refinancing.

ARE YOU SUGGESTING THAT THAT’S ILLEGAL OR SOMETHING? IT’S NOT, NEVIUS, ACTUALLY. MAYBE THESE UNDERWATER PEOPLE SHOULD MOVE ON AND BECOME RENTERS SOMEPLACE. MAYBE THAT’S AN OPTION?

A report from San Francisco Assessor-Recorder Phil Ting found that 84 percent of a sample of foreclosures in the city included at least one legal violation. Some were minor infractions, but even so.

AND I’M SURE THERE’S A REPORT SOMEWHERE, PERHAPS FROM THE PUBLIC DEFENDER’S OFFICE, WHAT FINDS THAT 84% OF SAMPLE ARRESTS AT OCCUPYSF LAST YEAR INCLUDED AT LEAST ONE LEGAL VIOLATION. RIGHT? SO, “YES I TOSSED A BUNCH OF PAINT AT THAT COP BUT NOBODY SIGNED MY ARREST WARRANT SO THAT MEANS MY ARREST WAS ILLEGAL SO PLEASE PROTEST MY INCARCERATION.” WHAT’S THE DIFFERENCE, NEVIUS?

“The tactics are a sign of the frustration almost everyone is feeling with the current system,” Ting said. “The current system is broken. Hopefully, given all the dialogue and action going on, we will see more underwater families being able to refinance their loans and take advantage of these record-low interest rates.” That’s the dream, and Occupy Bernal, although older and grayer, stands ready to fight until a modification can be made.

SO, NEVE, ARE YOU NOW ON THE RECORD SUPPORTING ILLEGAL TACTICS TO DRAW ATTENTION TO ISSUES? IT SURE SEEMS THAT WAY.

“If you’d told me six months ago I’d be working with Annie Sprinkle and a guy named Stardust,” said Bagot, “I’d have told you I haven’t done acid in a long time. But now, well, it may sound a little cocky, but we feel like we’re the future of the Occupy movement.”

WAIT FOR IT, WAIT FOR THE STINGER.

Righteous.

HERE’S WHAT YOU SHOULD DO, NEVIUS, IN THIS SPECIFIC ORDER:

1. LEARN HOW TO CRAFT AN ARGUMENT SUFFICIENT TO ACTUALLY SWAY OPINION.

2. SOMEHOW BECOME A BIG-CITY NEWSPAPER REPORTER AT AN OUTFIT WHAT TURNS AWAY HUNDREDS OF SUMMER INTERN APPLICANTS WHAT ARE ALL SUBSTANTIALLY SMARTER THAN YOU.

YOU’VE GOT THE SECOND PART DOWN, NEVE, SO NOW IT’S TIME TO WORK ON THE FIRST PART.

YOU KNOW, SOMETIME THIS DECADE BEFORE YOU RETIRE, OR GET RETIREDNESS THRUST UPON YOU, WHICHEVER.

It Will Cost You Five Dollars a Month to Use Your Debit Card Starting Next Year, But Here’s a Call to Stop That

Tuesday, October 18th, 2011

Consumers Union is on the case.

They’re trying the old moral suasion - perhaps some enterprising pols will join in?

All the deets:

“Consumers Union Calls on Bank of America & Other Major Banks to Drop Unfair Debit Card Fees

CU: It’s Unfair to Charge Customers When Banks Collect Enough From Retailers to Cover Debit Card Costs

SAN FRANCISCO, Oct. 18, 2011 — Consumers Union called on Bank of America and other banks to drop plans to charge consumers monthly debit card fees. Bank of America recently announced it would charge its customers $5 each month starting in 2012 to make debit card purchases. SunTrust has started rolling out its own $5 fee and Wells Fargo and Chase are testing debit card fees in select markets.

“Americans are tired of being hit with new banking fees, especially since they’ve already paid to rescue firms like Bank of America, whose behavior helped spark the economic meltdown,” said Norma Garcia, director of Consumers Union’s financial services program. “This debit card fee just adds insult to injury. It’s unfair for the banks to stick consumers with a monthly fee just to use their own money. Bank of America and other banks can still collect enough money from retailers to cover debit card costs.”

Garcia added, “If Bank of America and the other banks refuse to drop the debit card fee, consumers should consider dropping them. There are plenty of banks and credit unions that don’t charge debit card fees that will be more than happy to accept new customers.”

Consumers Union has published a set of tips for consumers who want to switch banks.

Below is Consumers Union’s letter to Bank of America urging it to drop its debit card fee. Similar letters were sent to Chase, SunTrust, and Wells Fargo.”

See the letter after the jump.

(more…)

Renegotiate Your Mortgage: NACA “Save the Dream Tour” in the Bay Area October 16-20

Thursday, October 15th, 2009

I don’t know, haven’t heard too much about this in the local media, but if you’re thinking about renegotiating your home mortgage, then you might want to toy with the idea of heading on down to the Cow Palace to see the “Save the Dream Tour” being put on by the Neighborhood Assistance Corporation of America.

Is NACA a “bank terrorist” or “banking terrorist” or something like that? Sure, but what’s wrong wiith that, right homeowners?

The Tour as receny seen in Cleveland, Ohio:

NACA-Save-the-Dream-event-in-Cleveland

The event is free and the Cow Palace parking is free. What do you have to lose?

“NACA is doing the nationwide Save the Dream Tour. The tour has already been extremely successful with over 35,000 participants in Cleveland, 45,000 in Chicago and the same in St. Louis. We are receiving same day solutions for thousands of homeowners with many having their interest rates permanently reduced to 4%, 3%, and 2% saving hundreds of dollars a month and some over a thousand dollars.

NACA has the most effective long-term mortgage solution for at-risk homeowners because it permanently reduces the interest rate and if necessary reduces the outstanding principal based on what the homeowner can afford. NACA’s restructure solution has established the national standard for long-term solutions for thousands of owner-occupant homeowners. NACA can do this because it has secured legally binding agreements with most of the major lenders and servicers, which covers 90% of the at-risk homeowners.

All of NACA’s services are FREE. Homeowners drive and fly from long distances to attend these extraordinary Save the Dream Tour events. NACA had over 500 staff and volunteers who put in long hours and lots of hard work to help so many homeowners save their dream.