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Showing posts with label private property. Show all posts
Showing posts with label private property. Show all posts
Thursday, June 30, 2011
Wednesday, June 15, 2011
America for Sale: Is Goldman Sachs Buying Your City?
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| Image source |
Huffington Post
In Chicago, it's the sale of parking meters to the sovereign wealth fund of Abu Dhabi. In Indiana, it's the sale of the northern toll road to a Spanish and Australian joint venture. In Wisconsin it's public health and food programs, in California it's libraries. It's water treatment plants, schools, toll roads, airports, and power plants. It's Amtrak. There are revolving doors of corrupt politicians, big banks, and rating agencies. There are conflicts of interest. It's bipartisan.
And it's coming to a city near you -- it may already be there. We're talking about the sale of public assets to private investors. You may have heard of one-off deals, but what we'll be exploring with the Huffington Post is the scale and scope of what is a national and organized campaign to shift the way we govern ourselves. In an era of increasingly stretched local and state budgets, privatization of public assets may be so tempting to local politicians that the trend seems unstoppable. Yet, public outrage has stopped and slowed a number of initiatives.
Sunday, June 12, 2011
Tuesday, May 31, 2011
Thursday, December 2, 2010
Madison County Man Being Evicted Off His Own Land for Living Too Simply
Youtube -Wish
Madison County officials are forcing a man out of his home — a recreational trailer — because they say he's breaking several ordinances.
If you would like to contact the Madison County officials to express your outrage please click here.
To contact Indiana Governor Mitch Daniels office, please click here.
Phone Contact:
Madison County Community "Justice" Center at 765-649-7341
Indiana Governor Mitch Daniels 1-317-232-4567
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Madison County officials are forcing a man out of his home — a recreational trailer — because they say he's breaking several ordinances.
If you would like to contact the Madison County officials to express your outrage please click here.
To contact Indiana Governor Mitch Daniels office, please click here.
Phone Contact:
Madison County Community "Justice" Center at 765-649-7341
Indiana Governor Mitch Daniels 1-317-232-4567
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Friday, October 22, 2010
The New Private Tax Man From Ancient Rome
| Anthony Freda Illustration |
Huffington Post
Sheila Rice, who sold her Maryland home to avoid foreclosure, was surprised to learn JPMorgan Chase was her property tax collector. But the bank can't claim to be the first private company to play the role of tax man: It's taken part in a more than 2,000-year-old tradition that, from its very start, has been tainted by abuse.
As the Huffington Post Investigative Fund reported this week, big banks and hedge funds in the U.S. have been quietly collecting taxes on hundreds of thousands of homes. The process, called "tax farming," is simple: A company goes to a local government and reimburses it for taxes that citizens aren't paying. In return, the company gets to act like an old-fashioned tax thug -- the kind rabbis condemn in the Bible -- charging up to 18 percent interest and thousands of dollars in legal fees, simply because it can. As the District of Columbia attorney general told the HuffPost Investigative Fund, there's "no oversight at all."
Like many great American traditions, the tax farming game was perfected by the ancient Romans. Provincial governors, and later Rome itself, sold tax-collection rights to private companies called publicani. As in modern America, this was a speculative bet -- a company paid a local government's tax debt, and then tried its own hand at recouping the loss. The Roman version was plainly brutal. In ours, the brutality is subtle. But in the estimation of one expert in ancient finance, it's just as bad: In our own way, we're sliding toward the conditions of ancient Rome, where private tax collectors employed soldiers to wring excessive amounts of cash from debtors.
Read Full Article
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Friday, October 8, 2010
Property Rights Gone Wrong
Dylan Ratigan
Huffington Post
Most mortgages in America are now backed by our government. And in order for a bank to get that backing from our government it must fill two criteria:
1. The borrowers must be verified by the banks and their agents as qualified.
2. Lenders must fill out paperwork accurately and make sure that when the home's title changes hands, so does the documentation.
But in the past two decades, a whole lot of the time, that never happened.
Why?
For banks and servicers, the motive was money. Banks profited by packaging and selling those toxic home loans. Then they profited again by betting against those same securities. A bet, in essence, that a fraudulent loan wouldn't be paid back.
Read Full Article
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
It is time to Wake Up! You too, can join the "Global Political Awakening"!
Print this page
Huffington Post
Most mortgages in America are now backed by our government. And in order for a bank to get that backing from our government it must fill two criteria:
1. The borrowers must be verified by the banks and their agents as qualified.
2. Lenders must fill out paperwork accurately and make sure that when the home's title changes hands, so does the documentation.
But in the past two decades, a whole lot of the time, that never happened.
Why?
For banks and servicers, the motive was money. Banks profited by packaging and selling those toxic home loans. Then they profited again by betting against those same securities. A bet, in essence, that a fraudulent loan wouldn't be paid back.
Read Full Article
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Live Superfoods
Print this page
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