Posts Tagged ‘Ben Bernanke’

60 Minutes, Big Ben and Roy Oppenheim’s Foreclosure Defense Workshop

Monday, December 6th, 2010

In case you missed it, Federal Reserve Chairman Ben Bernanke went on the record with 60 Minutes last night to discuss the current state of the economy. On Wednesday at 6 pm in his own 60 minutes, Foreclosure Defense Attorney and legal blogger Roy Oppenheim will discuss his thoughts on this interview as well as the latest foreclosure defense strategies at his 26th consecutive monthly Foreclosure Defense Workshop.

Oppenheim continues to coach troubled Florida homeowners via this month’s seminar, focusing on how homeowners can fashion their own bailout through strategic default.

Tune into Oppenheim Law TV or come in person to the Boca Raton studio located at 95 NW 11th St., Boca Raton, FL 33432.

Please RSVP via email jackie@oplaw.net or call 954.384.6114.

Happy Holidays and see you at 6pm on Wednesday, December 8!

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Posted in 60 Minutes, Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Foreclosure Defense, Foreclosure Workshop, strategic default, Underwater Mortgage | No Comments »

The Fed Finally Shows Its True Colors as to Homeowners and Foreclosure Crisis

Thursday, December 2nd, 2010

In Monday’s The New York Times editorial The Fed and Foreclosures, The Times finally took the Fed to task. They wrote: “There are two sides to every delinquent loan – a lender who made a bad lending decision and a borrower who cannot repay. Yet banks have never acted as if they bear any responsibility for the mortgage mess.” The harsh reality is banks take little to no responsibility for the fraud-closure mortgage nightmare.

The Fed on Foreclosures

According to The New York Times editorial, the Federal Reserve has proposed a rule that would disable one of the more effective legal tools that borrowers have to fight foreclosures.

The Truth in Lending Act from 1968 gives borrowers the “right of rescission,” the ability to undo a home refinancing or home equity loan within three years of the closing if the lender did not make proper disclosures. The Fed’s proposal would change all that.

But the bigger question is why would the Fed even get involved with this hot potato? Isn’t the Fed a non-partisan – above the politics – holier-than-thou institution that keeps the economy humming and rocking? Aren’t they the ones with the ability to print money and inject it into the economy as they have the ability to suck money out of circulation when things get too heated? Aren’t they the ones that paid 100 cents on the dollar for underwater virtually worthless sub-prime mortgage bonds under the ruse that the funds paid for the bonds was the fastest way to get money into the economy?
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Posted in Bank Fraud, Florida Law News, Foreclosure Defense, Foreclosure Fraud, Roy Oppenheim, The New York Times, Underwater Mortgage | 3 Comments »

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