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As American Politicians Bury their Head In The Sand, Homeowners Are Taking Action

Sign on I-75 in Detroit calling for President Obama to dump FHFA Acting Director Ed DeMarco

Mysterious St. Valentine’s Day banners have sprung up on the freeway overpasses in Detroit this morning calling on President Obama to sack the unpopular Acting Director of the Federal Housing and Finance Agency or FHFA.  FHFA is the government agency created as part of TARP to oversee the government bailout of Fannie Mae and Freddie Mac.

The banners are part of a national day of homeowner-led action to put pressure on President Obama to find a new director of the FHFA. In Michigan, the day of action was spearheaded by members of the Michigan Organizing Project.

Steve Dibert, MFI-Miami

Are OCWEN and Deutsche Bank costing seniors more money than thugs who rob them on the street?

“Growth for the sake of growth is the ideology of the cancer cell.” -Edward Abbey

When little old ladies get beat up and robbed by thugs on their way to the market for the few dollars they have left in their pocket from their pension checks or when a handful of rich old ladies from the Hamptons or Palm Beach lose millions of dollars to people like Bernie Madoff, everyone joins the fight to help prosecute the scumbags responsible faster than Chris Hansen busts pedophiles on NBC’s “To Catch A Predator”.

Steve Dibert, MFI-Miami

Mary Eveleigh lives in the picturesque town of Charlevoix, Michigan, a quiet resort town that caters to America’s low key and unassuming millionaires.  It’s the type of place where the Boy Scouts still recite the Pledge of Allegience out loud and Victorian homes look like something out of a Norman Rockwell painting.

But back in 2006, something was lurking behind the facade of this Norman Rockwell Americana that would almost cost Mary and her husband, Bob their piece of the Charlevoix landscape.

In the case of Roman Pino v. the Bank of New York, Royal Palm Beach-based foreclosure defense attorney Tom Ice got served yesterday when the Florida Supreme Court ruled that a bank cannot be held liable or punished for filing flawed or fraudulent documents in a case simply by voluntarily dismissing it.

While representing Mr. Pino in a foreclosure case back in 2010, Ice challenged a document created by the former Law Offices of David J. Stern.  He was scheduled to depose Stern employees about the document’s veracity when, wouldn’t you know it, the bank voluntarily dismissed the case, thereby preventing the court from addressing the issue of the fraudulently prepared document that had been presented to the court.

This post by Roy Oppeneim was originally published in Yahoo! Homes and is being redistributed on South Florida Law Blog with their permission.

My friends, the drumbeat is growing louder and louder. Each and every day another voice is joining the chorus.

Soon, I hope, it will be impossible for even the most devout pro-Wall Street politician to ignore.

It’s time to end Too Big To Fail, and there’s only one way to do that. Get out the hammer and break up the banks. Make them manageable and accountable, and remove the stranglehold they have on our economy, our politicians, and our government.