Saturday, November 26, 2011

OCCUPY A. HOWARD MATZ: Federal Judge Covers for Criminal Banks?

Jose L. Pineda v. GMAC Mortgage. We've seen too many cases like it. A big bank makes an illegal foreclosure on a home. In this case, the homeowner sues -- and wins, thanks to Judge A. Howard Matz. Score one for the 99%. Or perhaps not. It’s the casual handling of the bank's crimes that caused a stir, sparking an online petition for the impeachment of Matz, who was appointed to the Central District of California by President Bill Clinton in 1997.

In delivering justice for the little guy, Matz characterized GMAC's illegal claim to the home as "misrepresentations that may have been inadvertent and unintentional and short of fraud, but [are] extremely aggravating." Stop. Right. There. Misrepresentations = lies to steal a house. That’s a serious crime. The judge is clearly saying that evidence leads him to believe that GMAC has committed a crime. However, if GMAC walks away from this one, His Honor will forget the matter, and even be willing to consider the crime “inadvertent.” As if ignorance of the law could somehow free GMAC from prosecution. Well, it did.    

Matz actually threatened to blow the whistle on the cover-up. He bluntly told GMAC’s attorney, “If this case doesn’t settle and settle quickly, I am prepared to…take this case as a paradigm for a much larger problem, a much larger financial, regulatory and litigation problem that can stem -- that has stemmed from the way these loans were issued, packaged, [and] securitized…Now, you tell your clients that unless this case can be disposed of, this case is going to be something that’s going to go far beyond this case.”

Lawyer Charles Lincoln writes that Matz obviously “possessed full information regarding the truth of the illegality of the foreclosure epidemic as a crime against the American people. Can the judge actually be doing anything other than threatening GMAC with ‘telling the truth’ about misrepresentation in non-judicial mortgage foreclosure proceedings? What does this tell us about Judge A. Howard Matz’s versions of reality and truth?”

Monday, October 17, 2011

Bill Rosendahl: Not an Enemy of Occupy LA?

"We are not your enemies," L.A. Councilman Bill Rosendahl told a protestor on his pass through the Occupy L.A. encampment. Really? Well, that does sound preposterous, but okay, we’ll bite. True, with a salary of about $180,000, Rosendahl is one of the highest-paid elected city reps in the country. But that doesn’t necessarily make him a much-maligned one-percenter. Let’s look at the company he keeps. Who is Councilman Rosendahl’s Royal We?

First and foremost, Rosendahl’s people are law firms and real-estate-development corporations. They’re his two largest campaign contributors. The finance sector ranks fourth, with business interests, and Securities and Investment firms rounding out his Top 10 donor groups. In short, banks and private-interest groups are responsible for placing Rosendahl's hand on the spigot of public money. So on the surface, Rosendahl could be the poster boy for everything Occupy L.A. is protesting. But let’s look a bit deeper before we go as far as to suspect a lie from a wealthy politician. Let’s look at each of his friends in turn:

PART ONE: Bill Rosendahl’s Real-Estate Pals


Here’s how Councilman Rosendahl pockets millions from land-development corporations for quietly cutting deals with public assets. It’s easy. Rosendahl has this "discretionary fund" (i.e. slush fund). He can use that cash any way he likes. To get cash into the fund, all he has to do is sell off city-owned property or land. Because of the city’s “profit-sharing agreement,” half of the profits go to the city’s general fund, and half of the money goes into Rosendahl’s account. His fund has amassed over $4 million.   


This month, Rosendahl cut a deal to clean up some “visual blight along Sepulveda Boulevard.” Now there’s a guy who is looking out for us. Rosendahl is quoted as cheering a commercial real-estate “developer [who] has generously agreed to provide $2 million.” So a kindly commercial real-estate developer just gave him $2 million for beautification. How generous indeed. This gift wouldn’t have anything to do with developers getting favorable terms on their plans to build around the Howard Hughes Center. No. No, this isn’t undue private-money influencing a public official at all. These quiet corporate/government deals are just good people doing good works.

Rosendahl is currently building skate parks all over town. Now there’s a guy helping “kids” to play with our money. Even during a recession. Of course he’s broken a laundry list of EPA, zoning and noise-pollution laws, and funneled a truckload of public money to private cement contractors. This is to pave over community green spaces in favor of skaters, a small group of predominantly white men -- without community involvement or approval. And the money? You guessed it. It comes from private real-estate developers, channeled through Quimby Funds. Move along taxpayers, no funny money dealings to see here. And there’s so much more. Google any of Rosendahl’s real-estate wranglings for a lesson on how democracy really works. 




Sunday, October 16, 2011

OCCUPY LA: The Day Before Going Global

You can smell it from across the street. It’s not overpowering, but it’s there, the smell of human funk. It’s a smell common to most of the world’s cities, though the suburb-o-tropolis of Los Angeles tends to keep its funk dispersed, sun-bleached, harder to wrap your nose around. But not here. Not now. Not along the line of sidewalk port-o-potties on the outer apron of the Occupy Los Angeles encampment. Nearby steps rising to City Hall are marked with chalk graffiti in protest of corruption and greed. A large cement planter is marked with the imploration to “Revolt.” An Oscar Wilde quote is etched along risers, “We are all of us in the gutter, but some of us are looking at the stars.” One wonders if protestors in Italy or Spain would have been so kind as to have made their human-rights demands in wash-away pastels.


­­It’s Friday afternoon, two weeks into the L.A. occupation. The movement will go global in less than 24 hours, with huge Occupy protests rising up in nearly every major city across the planet. There will be mass gatherings, and mass arrests, worldwide, with violence and fires breaking out in Rome. The space here will fill with thousands of protestors for Saturday’s march under the banner "Global Day of Action." But it’s quiet now, cool under the canopy of tall trees, though the downtown mercury reads 98-degrees. Occupiers mill about, going through the newly established routines of life on city hall’s south lawn, which hundreds now call home.


The tent city’s residents are mostly in their 20s and 30s, given to sport tattoos, backpacks, mohawks and skinny jeans, with a few shirtless dudes donning slim-wear that we'll graciously term "European." Though the mix does include older occupiers, parents toting protest signs with toddlers in tow. There’s a smell of incense burning throughout. Bicycles abound. Laptops are everywhere, in tents, on the cross-legged knees of occupiers across the lawn, lined up in the media tent that offers free wi-fi. Two large solar panels provide power. A few budding female journalists, college students in sun dresses, conduct interviews with occupiers, recording into iPhones. A fire-department medic stands away from the community hub, lazily checking his phone. A hammock hangs between trees. A handmade sign offers services like life-coaching, chokra adjustment and the Japanese healing art of Reike.  


A class on the basics of banking is being held in a standing semi-circle by the central fountain. The teacher is a tall young man, in a collared knit shirt and camouflage shorts, whistle around his neck. He invites the gathering of a few dozen to call back fundamentals like, “Banks are investment firms.” His Socratic questions about corrupt-banking practices draw a call-out from an enthusiastic occupier who circles on a bicycle. “Let them answer,” the teacher laughs with a head nod to his freshman class, continuing with a lesson on moving one’s money out of the hands of big banks. Class end with an announcement that a Spanish-language march is gathering at one end of the tent village.


Signs hang everywhere throughout the mini city, sending out a multitude of messages, from a general call to retake democracy, to the need for public housing, and the dangers of chem-trails. The one unifying theme is that the “99-Percent” has had it with the corrupt financial tactics waged by the uber-wealthy one-percent. A few names are named. A rogue’s pumpkin patch is on display for pedestrians and passing cars, under the banner “Bring Me the Head of…” Pumpkin heads ripe for the carving include former U.S. Treasury Secretary Henry Paulson, Goldman Sachs CEO Lloyd Blankfein and JP Morgan CEO Jamie Dimon, among other accused banksters in the pumpkin patch of shame.


A lively troupe arrives to bring some noise. They’re cartoonishly bedecked in black-tie evening wear, cash literally spilling from their pockets, brandishing signs in support of Wall Street’s plundering. A ringleader in a top hat takes to a megaphone to call for stiffer measures against the insufferable poor, harsher treatment for the country’s undeserving 99-percent. A slim, shaggy madman, pounding a native drum, swoops in to fight the fat cats. “Whoa! It’s satire! It’s parody,” occupiers cry, stepping in to stop the lunatic’s advances. No matter, the drum-beater fights on. There will be no comedy, no sarcasm and certainly no satire in any protesting as long as he’s around. And he’s been around a while. An Occupy organizer later sighs that she’s spent hours trying to talk some sense into his senselessness. One is reminded of the maxim to never argue with a crazy person -- other people won’t be able to tell the difference.      


    contact: freemedia@post.com