Man Screws Bank By Bulldozing $350,000 Custom Home

February 2010

Is this the tipping point? Americans have been taken advantage like no one on earth by greedy Banksters and corporations. Like many of them, a man named Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be somewhat unique.

Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home.

"When I see I owe $160,000 on a home valued at $350,000, and someone decides they want to take it – no, I wasn't going to stand for that, so I took it down," Hoskins said.Hoskins said the Internal Revenue Service placed liens on his carpet store and commercial property on state Route 125 after his brother, a one-time business partner, sued him.

The bank claimed his home as collateral, Hoskins said, and went after both his residential and commercial properties."The average homeowner that can't afford an attorney or can fight as long as we have, they don't stand a chance," he said.Hoskins said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.Hoskins issued the bank an ultimatum:

"I'll tear it down before I let you take it," Hoskins told them. And that's exactly what Hoskins did.

Hoskins says one of his businesses is going on the auction block in March over the tax liens but says he's considering bulldozing it down too.

Before Chase Bank Forecloses on You, Please be Comforted to Know that Chase CEO is Reported to Receive a 17 Million Dollar Bonus

February 2010

Jamie Dimon, CEO of JP Morgan Chase Bank, is one of the biggest of the big dogs on Wall Street.
So a lot of people were waiting to see what his "number" would be, his 2009 bonus. The wait is over; he will get a bonus valued at around $17 million according to a company filing with the SEC. But instead of it being in cash, it will be in stock and options.

The non-cash approach is all the rage on Wall Street for the topmost executives at the big firms, as companies try to show that they got the message that Washington policymakers and voters are outraged by Wall Street compensation that in past years past resembled Powerball prizes.

Especially galling has been companies paying bonuses after they and their industry were bailed out by billions of dollars from taxpayers.

By getting stock, Wall Street's top bankers are trying to demonstrate that they have a stake in their companies not taking foolish, short-term risks since that could negatively impact the value of their stock bonuses.

According to the SEC filing, Dimon would receive 195,704 units in restricted stock and 563,562 stock options.

Now all eyes turn to the bonus watch for Lloyd Blankfein, Goldman Sachs' CEO. There's been speculation that he could come in with a really big number, maybe even $100 million, although those who are talking don't know and those who know aren't talking.

How Indymac Scammed This Entire Country and How The FDIC Bailed Them Out

February 2010

Click on the photo above and watch a 5 minute clip that explains the dirt on Indymac and how the American Public got Dooped. This video explain it all and will make your head spin. Talk about the BIGGEST Lender Lie and a slap in the face to every IndyMac Borrower that lost their home.