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As Regulators and Banks Review Foreclosures, We’ll Be Watching

Kalinda Rose Stevenson — Fri, 22 Apr 2011 00:00:49 +0000

by Paul Kiel ProPublica, April 21, 2011, 10:19 a.m. The country’s bank regulators are launching an unprecedented plan to undo some of the damage done by mortgage servicers, compensating victims of shoddy or illegal foreclosure practices. Part of the plan involves a massive outreach effort to contact the potentially millions of borrowers affected. Exactly how [...]

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Government Vows to Curb Banks’ Foreclosure Practices, But Enforcement Still a Question Mark

Kalinda Rose Stevenson — Tue, 15 Mar 2011 20:50:29 +0000

by Paul Kiel ProPublica, March 11, 2011, 11:41 a.m. Hosts of federal agencies and regulators, along with the 50 state attorneys general, are hard at work on laying out new rules for banks and mortgage servicers. Those rules will likely require servicers to transform their approach to handling homeowners facing foreclosure. But this wouldn’t be [...]

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Money Stories And The Power of Myth As The Rich Get Richer

Kalinda Rose Stevenson — Sat, 12 Mar 2011 19:34:37 +0000

Myths are a particularly powerful type of story. Although myth definition in common speech tends to treat the word “myth” as a synonym for an untrue story, the real meaning of myth is much deeper. Myths are the real stories we live by. In his article, “Myth, Politics and the Erosion of The American Dream,” [...]

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Treasury Done ‘Very Little’ to Fix Gov’t Foreclosure Prevention Program, Says Watchdog

Kalinda Rose Stevenson — Fri, 04 Mar 2011 03:44:41 +0000

by Marian Wang ProPublica, March 3, 2011, 12:13 p.m. Making the argument that the Treasury Department has done “very little” to improve a foreclosure prevention program that has failed to meet its goals, the government’s TARP watchdog testified at a hearing on Wednesday that the case for keeping the program alive has worn thin and [...]

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The Fundamental Flaw In the Hamp Mortgage Loan Modification Program

Kalinda Rose Stevenson — Thu, 03 Mar 2011 19:21:54 +0000

By Kalinda Rose Stevenson, Ph.D. The Obama Administration Hamp program was originally advertised as a program that would help 3 to 4 million homeowners modify their bank mortgage loans. Has Mortgage Loan Modification Worked? To say that it hasn’t worked out that way is to dramatically understate the problem. Arthur Delaney, in Obama Administration’s [...]

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What the Federal Reserve Does

Kalinda Rose Stevenson — Thu, 03 Mar 2011 02:25:16 +0000

By Kalinda Rose Stevenson, Ph.D. What the Federal Reserve does is to control the flow of money in the economic system. This means that the Federal Reserve plays an important role in one of the fundamental functions of government, which is to control the amount of money in the system. Changing Federal Reserve Interest Rates [...]

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Punishment Expected For Wrongful Foreclosure On Bank Mortgage Loans

Kalinda Rose Stevenson — Mon, 28 Feb 2011 23:40:58 +0000

By Kalinda Rose Stevenson, Ph.D. HSBC North America Holdings is another bank that expects to be punished for wrongful foreclosure on bank mortgage loans. In his article, One Of World’s Largest Banks Warns Of Punishment For Improper Foreclosure Practices In U.S., Shahien Nasiripour explains why “HSBC expects to be subject to a regulatory order banning [...]

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The Money Rules Of Three Ways Of Making Money

Kalinda Rose Stevenson — Wed, 23 Feb 2011 03:25:08 +0000

By Kalinda Rose Stevenson, Ph.D. There are fundamentally three different ways to create money in the United States economic system. How To Make More Money The first way to create more money is by fiat, which means “by decree.” Fiat means “let it be done.” Only the federal government can create money by decree. The second [...]

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Are You Making More Money Or Losing Money When You Save It In A Bank?

Kalinda Rose Stevenson — Tue, 22 Feb 2011 02:37:35 +0000

By Kalinda Rose Stevenson, PhD Making More Money Secret The secret of making more money is contained in the word “currency.” Water flows in river currents. Money also needs to flow and circulate. Imagine you deposit $1000 in cash into the bank. Contrary to the images I had as a child, the bank does not [...]

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How Do You Have To Change Your Life To Be Your Authentic Self?

Kalinda Rose Stevenson — Sat, 19 Feb 2011 00:04:28 +0000

The hero journey is not really about how you have to change your life so that you become something you never were before. It is about becoming who you truly are. In Joe Versus The Volcano, the hero in Joe—Joe’s authentic self—had gone into hiding because Joe was afraid. How Joe Became Afraid We find [...]

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