Keith Sadler talks to Thom Hartmann as the police arrived & he is barricaded in his foreclosed home

[thomhartmann]

Run time: 09:27 https://www.youtube.com/watch?v=kK7YW03ZSos   Posted on YouTube: May 05, 2010 By YouTube Member: thomhartmann Views on YouTube: 1   Posted on DU: May 05, 2010 By DU Member: thomhartmann Views on DU: 1172

 
The Thom Hartmann Program can be heard daily M-F 12-3pm ET. Visit www.thomhartmann.com to listen live, join the community or purchase a podcast.

[Xipe Totec]

1. Never Surrender

Do not surrender even when defeated,
and do not be a slave even in bondage,
trembling with fear advance bravely,
and attack with fury, though badly wounded.

Be as stubborn as a rusting nail,
that refuses to yield though old and ruined,
and do not envy the peacock's plumage,
that drops in fear at the first noise.

Be as a god that never cries,
or as a devil that never prays,
or as the oak whose mighty canopy,
needs of water but does not beg it.

Even as it rolls to the dust,
let your head scowl and bite,
and scream for vengeance.

- Pedro Palacios Almafuerte
Argentinian poet 1854-1917

[timefortherevolution]

2. Keith is a hero...

He illustrates the fact that banks got the bailouts and the American citizen
has been screwed.

[sabrina 1]

3. Marcy Kaptur on Foreclosure: 'Don't leave, squat'.

So I say to the American people, you be squatters in your own homes. Don't you leave[br />

Marcy Kaptur of Ohio is the longest-serving Democratic congresswoman in U.S. history. Her district, stretching along the shore of Lake Erie from west of Cleveland to Toledo, faces an epidemic of home foreclosures and 11.5 percent unemployment. That heartland region, the Rust Belt, had its heart torn out by the North American Free Trade Agreement, with shuttered factories and struggling family farms. Kaptur led the fight in Congress against NAFTA. Now, she is recommending a radical foreclosure solution from the floor of the U.S.

She criticizes the bailout's failure to protect homeowners facing foreclosure. Her advice to "squat" cleverly exploits a legal technicality within the subprime-mortgage crisis. These mortgages were made, then bundled into securities and sold and resold repeatedly, by the very Wall Street banks that are now benefiting from TARP (the Troubled Asset Relief Program). The banks foreclosing on families very often can't locate the actual loan note that binds the homeowner to the bad loan. "Produce the note," Kaptur recommends those facing foreclosure demands of the banks.

"

ossession is nine-tenths of the law," Rep. Kaptur told me. "Therefore, stay in your property. Get proper legal representation ... Wall Street cannot produce the deed nor the mortgage audit trail ... you should stay in your home. It is your castle. It's more than a piece of property. ... Most people don't even think about getting representation, because they get a piece of paper from the bank, and they go, 'Oh, it's the bank,' and they become fearful, rather than saying: 'This is contract law. The mortgage is a contract. I am one party. There is another party. What are my legal rights under the law as a property owner?' "If you look at the bad paper, if you look at where there's trouble, 95 to 98 percent of the paper really has moved to five institutions: JPMorgan Chase, Bank of America, Wachovia, Citigroup and HSBC. They have this country held by the neck."

Kaptur recommends calling the local Legal Aid Society, Bar Association or 888-995-4673 for legal assistance.

Everyone should be doing what he is doing until the Banks produce the papers that prove they are the legitimate holders of the mortgage, and second sit down and work out adjusted mortgage payments as they agreed to do when they took our money, for those who qualify.