Michael Collins

You're headed for bankruptcy court tomorrow. It's been a long and difficult road. You and your husband both worked. You made decent money. Then your husband became ill. There was no sick leave because he worked for himself. His disability insurance had a six-month delay and only covered half of the lost income. That was all you could afford. (Image Wikimedia Commons)

His condition was critical and required medication three times a day at a monthly cost of $2500. Your company plan covered your husband but it didn't cover the medication because the insurance company termed it experimental. It was the sole option for the crippling illness according to the three specialists consulted.

Your husband contributed 40% of the family income. The loss was a big hit but you persevered. You couldn't sell the house, even if you wanted to. It was $150,000 upside down. There was no federal or bank program to relieve that burden. After four months of cashing in a modest 401(k), it became obvious that you couldn't make it. You needed relief and time for your husband to get well.

You consulted your accountant. On his advice, you decided to file for bankruptcy.

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Michael Collins

The ForeclosureGate scandal poses a threat to Wall Street, the big banks, and the political establishment. If the public ever gets a complete picture of the personal, financial, and legal assault on citizens at their most vulnerable, the outrage will be endless. (Image)

Foreclosure practices lift the veil on a broader set of interlocking efforts to exploit those hardest hit by the endless economic hard times, citizens who become financially desperate due medical conditions. A 2007 study found that medical expenses or income losses related to medical crises among bankruptcy filers or family members triggered 62% of bankruptcies. There is no underground conspiracy. The facts are in plain sight.

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Michael Collins

The Money Party is destroying the United States. For ten years, there have been no new jobs with flat income. Unemployment and poverty are making a big comeback. The party consists of those who own and control concentrations of great wealth and the select few who serve them (their Mandarins). Based on the efficiency of the demolition job, you have to wonder, is this is by design? If greed, ignorance, and paranoia constitute a plan, then they are master planners. (Image)

Look at the glaring problems below. Then ask yourself, has there been one single program implemented to address any of these problems, just one? Our elected representatives enable the relentless process of driving down the United States. They bicker and fume at the edge of issues. However, when it comes to neglecting the real needs of citizens and the country, they are as one. All rewards and resources flow to their patrons and owners, the made men and women of The Money Party. We are nothing to them.

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Michael Collins

Not if a state owes you money!

Jeb Bush and Newt Gingrich just published an OpEd in the Los Angeles Times arguing that states would be wise to consider filing bankruptcy to relieve their financial troubles. They cite three states, California, Illinois and New York, while failing to mention the angry elephant in the living room with similar problems, Texas.

Texas faces a $25 billion shortfall for a $95 billion two-year budget. That equals California's 18-month deficit inherited by the recently inaugurated Governor Jerry Brown.

"So why haven't we heard more about Texas, one of the most important economy's in America? Well, it's because it doesn't fit the script. It's a pro-business, lean-spending, no-union state. You can't fit it into a nice storyline, so it's ignored," said Business Insider

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by Barbara Ann Jackson

NOTE: For complete details and facts about what “foreclosure mills” have been accused of doing –for details about why questions are being raised regarding foreclosure legalities and why foreclosures are being halted in some areas; and for details of why members of Congress are probing Fannie Mae and Freddie Mac about hiring foreclosure mills, GOOGLE and read the hundreds of news stories concerning what is going on in Florida.

Also, see how other States are starting to take notice of fraudulent “foreclosure mills” practices. The same activity goes on in Louisiana. But with corruption being so well-thought-of here in Louisiana (as boasted about on Capitol Hill at the impeachment trial of federal Judge Thomas Porteous, it’s the “Louisiana way”), and with our various State Attorney Generals’ decades of disregard for abhorrent Debt Collection practices, Louisiana firms like those mentioned below have thrived with fraudulent and deceptively foreclosures and repossessions.

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Walter Brasch

The chairman of the Republican National Committee may have begun an irreversible descent into a future as a fear-bound paranoid victim of functional amnesia, possibly caused by a hysterical post-traumatic event such as the overwhelming victory of Democrats in the 2008 election and the nation's repudiation of Republican policies.

In a two-page vitriol-loaded letter dated "Friday morning"--he apparently was unable to remember the exact date--Robert M. (Mike) Duncan, RNC chairman, told Americans that the Democrats plan to "impose their radical leftist agenda on America," and that Republicans "must work vigilantly to guard our country's freedoms from the inevitable assault [by Democrats] they will face." He didn't mention that not one of Barack Obama's proposed cabinet members nor any of the members of the current Congress is a "radical leftist."

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