Jun 24 2009
$100,000 a Year Will Make you Go Broke with the California Tax System: Why California is a Fiscal Disaster. Broken Tax Structure built on Bubbles.
It is amazing how little attention on a national scale the California debacle is getting. California alone is the 8th largest economy in the world and contributes $1.8 trillion a year to the national GDP. In the mainstream press, all you hear is sound bites of “there goes California” yet the state is teetering on [...]
Apr 28 2009
California Loan Modification Scams: Kicking the Financial Can Down the Road. SB 1137 and SBX2 7. Mortgage Cram-Downs Stripped from Rescue Bill. Loan Mods that make your Payment go up.
In another chess move to reward banks and fleece the American public, cram-down legislation was stripped out of the new rescue bill. This is significant since this was one of the keystones in the new housing agenda. Yet the banking oligarchy wasn’t pleased with this legislation and applied pressure via lobbying to get this piece [...]
