#OccupyWallStreet: "That's the bank that took my parents home."

[Admiral Loinpresser]

http://www.youtube.com/watch?v=uDn86_GKalA&NR=1

This is a compelling video. Apologies if it has already been posted from the face view. I saw it earlier from the back, without the student's name. But this version is clearer and more dramatic.

[Luminous Animal]

1. It has been posted but thank you for posting it again.

[midnight]

2. I didn't see this yet... So thanks for posting it.. Boy this puts a lump in my throat...

I hope this young man gets through law school and helps his parents, and others...

[Name removed]

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[lunatica]

6. You seem to be one for the banks.

Have you heard about the illegal tactics the banks used to foreclose on people's homes? Have you heard of people who actually owned their homes who were foreclosed on? If you haven't heard any of these facts then you really don't know much about the subject. And since you don't know the circumstances of this young man's parents then you're the one being a useful idiot for the banks.

[taught_me_patience]

10. The most likely reason is because they didn't pay

Foreclosure fraud, where the bank forecloses on an owner that is current or mortgage free is exceedingly rare. However, we don't know why his parents didn't pay the mortgage... if they were laid off, then he should direct his anger at the company that laid off his parents.

If his parents did indeed stop paying the mortgage (99.99% probability), what should the bank have done? Let them just keep the house?

[lunatica]

18. Why don't you find out what happened instead of making stuff up?

[taught_me_patience]

22. I'm going by overwhelming probabilities

The guy in the video should have brought op the circumstances if he really wanted to make a powerful point.

[lunatica]

23. You're going on your own opinion which is just that. An opinion

[Name removed]

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[lunatica]

26. If you have proof then provide a way for others to get to it

Link? Telephone numbers? Names?

That's pretty much a rule on DU. We don't take anyone's word for it when they claim something without backup corresponding links.

[Admiral Loinpresser]

47. Credible link, please. n/t

[Name removed]

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[lunatica]

27. Link?

[Name removed]

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[sabrina 1]

34. Lol, the Blaze? Glenn Beck??

Welcome to DU! :rofl:

[Name removed]

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[sabrina 1]

37. Glenn Beck puts facts on his website???

Omg, I needed a good laugh today! :rofl:

But just for fun, where did the great Glenn Beck get these facts? Did God whisper in his ear?

Too funny. Seriously, Glenn Beck is nuts. That's why they use him to make a fool of himself, sane people would not do what he does even for all that money.

I will give the blog credit for one thing, they once did cover a story about Breitbart which they, surprisingly, did not lie about. But then it was hard to deny the facts in Breitbart's case. Why does the far right take these lunatics seriously? Perhaps you can explain that. Because most of my Republican friends are embarrassed by them.

[sabrina 1]

40. 'Short sale'. That is what people are doing when they are facing

foreclosure in an attempt to stop it. Advise given by attorneys before the actual eviction notice takes place. They will lose everything they put into the house, and IF the numbers are correct, they put a lot if it's true their mortgage is nearly paid off.

What a shame, no wonder he is upset.

[sabrina 1]

36. What other garbage, have you ever travelled outside of the US?

This is pure rightwing trash. People in Europe and Australia and Canada and New Zealand, and now in many South American countries and in ME and African countries, get top class education, free if their parents cannot afford it and without being burdened with massive student loans for the rest of their lives.

Stop watching Glenn Beck and Rush Limbaugh and Fox News. Studies have SHOWN that the most ignorant people in this country are rightwing media indoctrinated.

That statement you just made is laughable. The US now is among the worst countries to be in regarding getting an education.

And your numbers are based on the information given by Robert Stevens without any knowledge at all, since he did provide it, how he was able to afford to go school. Most likely, like most unfortunate Americans in Bush's America, he will have a student loan debt for the rest of his life.

Try this somewhere else, people here are far too imformed to fall for this RW BS. Stick around, maybe you'll learn something.

America's capitalist society has stolen his future and outsourced it to China and India and pushed his parents and millions of decent, formerly Middle Class Americans out of their jobs and out of their homes through corruption and fraud and crime. Where have you been?

[sabrina 1]

9. Do you know anyone personally who has lost their home?

Are you aware of all the law suits filed that have uncovered massive fraud in the mortgage industry, so much in fact, that the Government is trying to 'make a deal' to get them off the hook?

Unless you know the circumstances of the man's situation there is no way you can say it was their fault. I know someone who was in that situation, and I know what the bank did. Their law mill is now being sued by 50,000 people whose homes they took ILLEGALLY, in a RICO class action suit. That suit in the discovery phase has uncovered fraud, corruption, outright forgery of documents and other criminal activity. The Law Mill is now facing criminal charges. Sadly for many of the homeowners who have lost their homes, they will never get them back.

In this man's case the bank was Chase Bank. In my friend's case it Wells Fargo. I know, we knew during the process that she was being foreclosed on illegally but because most people now in that situation have probably lost their jobs, or as in her case, lost her husband, they cannot access good legal counsel, which is why the Banks rush these foreclosures before anyone can figure out how to get help.

You just called that man a LIAR without providing a single shred of evidence. We don't give much credibility to posts like yours here. Post some links to back up your smears, or expect to have zero credibility.

[PA Democrat]

14. Yes, useful idiots are people who fail to see the corporate

malfeasance that brought about the mortgage meltdown.

[SammyWinstonJack]

15. Does it mean anything to you. Seems like a bit of projection going on.

:evilgrin:

[Fire Walk With Me]

21. Welcome to DU!

:toast::hi:



:rofl:

[Ignis]

42. "All of you have been duped." But not you, right?

Back under your bridge. :spank:

[Shagbark Hickory]

44. Enjoy your stay.

[rdking647]

4. in trhe vast majority of cases the bank didn't "take their home"

they failed to pay the mortgage.. they promised to pay x amount every month... they didn't pay.. in other words they LIED when the agreed to pay it...

[DrunkenBoat]

5. wtf? a lot of things can happen to make people unable to pay, not just "lying".

[lunatica]

7. You don't know the circumstances of this case do you?

Yet you jump in to defend the banks. You have no idea what happened.

[PA Democrat]

11. That poster has also jumped in to defend police brutality.

[lunatica]

20. I know. I've had a few exchanges with him/her. Mostly confrontational

[Name removed]

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[rdking647]

53. im sorry if i dont toe the extreme left party line

i prefer the real world... where everything isnt black and white... where sometime the poor innocent homeowner isnt all that innocent and the big bad bank isnt that evil...
the world that 90% of us live in

[PA Democrat]

55. Your statement that most people who lose homes to foreclosure LIED

when they signed their mortgage documents is bullshit. If saying that makes me "far left" then I stand guilty as accused. Here is an article about the top 10 reasons for foreclosure. Please note that a LYING homeowner is not on the list.

http://blog.doorfly.com/articles/2011/top-10-reasons-people-lose-their-homes-to-foreclosure/

The truth is that banks made loans that they KNEW people could not afford because the banks had no risk. They knew they could bundle the toxic loans, get a AAA rating from corrupt rating agencies, sell them to unsuspecting investors, and make a nice fat fee in the process.

To say that most people who lost homes to foreclosure LIED about their intentions to make their mortgage payments would be laughable if it weren't so tragic for the people involved. Who in their right minds would choose to be harassed by collection calls, destroy their credit rating, and lose their home? Are you serious? There may be a number of people who were naive, misinformed, or irresponsible, but to say that the vast majority LIED is untrue and inflammatory.

[rdking647]

56. you agree to do something

you dont do it....
that makes it a lie,regardless of the reason...

the homeowner agreed to make the payments
they didnt for whatever reason

that make their agreement to make the payments a lie

[Gormy Cuss]

57. Nope. That makes it a failure to live up to the terms of the agreement.

A lie requires overt intent, such as signing a contract knowing that you won't abide by it.

[PA Democrat]

58. Definition of LIE:

a false statement made with deliberate intent to deceive; an intentional untruth; a falsehood

Oh yeah, you live in "the real world where everything isn't black and white...

except that every homeowner who loses their house to foreclosure "for whatever reason" is a LIAR.

:rofl:

[blindpig]

12. Nice, really nice.

Luv you some Capitalism, huh?

Despicable.

[truedelphi]

16. However, they assumed that when they signed the paperwork,

that they were going to continue to have a job.

Have you been aware of how many jobs went down the toilet when the Housing Bubble broke the Summer of 2006?

They also were told, when they signed the paperwork, that the housing prices were most assuredly going to continue to go up up and up. And that only by buying today would they ever get a home.

I realized way back in the early eighties that most Americans do the exact opposite of the four rules of keeping their money.

These four rules are:

1) Don't count your chickens before they are hatched.
2) Don't put all your eggs in one basket.
3) What goes up, (price wise) must come down.
4) Buy low, sell high.

People in the USA only buy when there is a bubble.

And after observing the markets and the "bubbles" since 1987, I would add one more caveat - never believe anyone when they say that "This is a new economy. It is based on ... (fill in the blank with whatever current bubble is raging.) The price of this (bubble) commodity can only increase, so buy today before prices are higher."

[Ignis]

43. Spoken like someone whose family never suffered a medical catastrophe.

Thanks for your compassion. If you save it up for a year, you might gather enough to shed a single tear.

[Earth_First]

54. Your contempt for the entire #occupywallstreet topic is very revealing...

You've been shitting on this topic for nearly a week now.

What are your intentions here at Democratic Underground, anyways...?

[taught_me_patience]

8. This guy seriously needs to read up on how a deed of trust works

If you don't pay the obligation, the deed of trust holder has a right to foreclose. His anger is really misdirected.

[sabrina 1]

13. You know what happened to his parents? Please post a link

so we can judge for ourselves. I am very familiar with this subject and I can assure you that banks have taken people's homes illegally using all kinds of tactics to do so. Some judges have even given the homes free and clear to homeowners after seeing the illegal actions of the Banks.

So, before anyone takes your comment as fact, I would like to see your evidence that this is not one of the millions of cases, many now in court, where the home was taken illegally.

[truedelphi]

17. How is it worse for the homeowner to be behind on their payments regarding their

Mortgage, than for the Biggest Financial firms to create some of the seriously most onerous "gambles" on CDO's and CDS' - to the tune of some half quadrillions dollars worth of losses? And those "gambles" continue to plague our economy to this day.

And guess who bailed out the Biggest Financial firms? Among the people helping to keep AIG, Goldman Sachs, Bank of America, JP Morgan, Chase, Wells Fargo et al afloat, are the very same people who are homeless.

in Ireland, where the government is afraid of the people (and with good reason, given how many households there knew how to create incendiary devices) the government made the banks realize that when they received the Bailout monies, the homes of the people of Ireland were underwritten by those Bailout amounts. It could have happened that way here, if anyone in our Congress really gave a damn about the average person.

Fourteen trillions and counting have gone off to pay for the damn Big Financial Firms, who are simply not returning the money to Main Street.

[Dreamer Tatum]

19. After consulting my loan docs, I can't see a contingency

that allows me to stop paying if I don't like the behavior of other lenders.

Fail.

[Name removed]

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[Admiral Loinpresser]

46. Can you provide a real source?

The only link I have seen provided is a RW blog "versumserum.com" . A casual inspection reveals it to be RW. RW blogs are notorious for misinformation campaigns. If you can provide a credible link which rebuts what this young man is saying I am interested to read it. But RW blogs are notoriously mishonest. Can you find a credible source?

[Name removed]

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[steve2470]

45. link ? nt

[IndyPragmatist]

32. This is why this movement isn't getting any attention

This punk lies to get attention and takes away from those with a message.

Personally, I think most of the people out there don't know what the heck they are talking about; they just wan't to be part of the crowd. There doesn't seem to be any consistency or end goal in the protests.

This video, along with the fact that he was lying, will get more attention than anything else from the protests. For many, this will be the first they have heard of it. So now, all they know of these protests is that some kids are lying (or just woefully misinformed) to get attention.

Sad.

[lunatica]

39. Please provide a link about his lying

That is, one that isn't Glen Beck making up his own reality.

[B2G]

41. All of this is public information

Feel free to make afew phone calls if you so wish.

This guy should be ashamed of himself.

[Admiral Loinpresser]

48. So link to it or go back under your bridge. n/t

[Name removed]

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[Admiral Loinpresser]

52. I meant a *credible* link.

I've already seen that one. That website is RW trash, wouldn't you agree?

[steve2470]

51. k&r nt

[badtoworse]

59. There isn't enough information in the video to draw a conclusion

Just some kid hocking about the bank's taking his parents' house. If we knew why they did that, we'd be able to say whether the kid was justified or not.

Most times, when a bank forecloses, it's because the borrower stopped paying off the loan. If that is the case here, what did he expect the bank to do?