http://dtc-systems.net/2010/11/cnbc-mortgage-meltdown/
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Author: timothymccandless
I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked. View all posts by timothymccandless
The Hedge 
Great piece that supports the feeling held by most who read this blog, but it also raises the question of why it is that only those who are being exposed frist hand to the cuts made by the rough blade of this sword are the only ones who seem to see any injustice? It is hard to believe that there is not a larger group of judges, lawyers, Congressman, Senators, Governors, Attorney generals, Consumer Groups, etc that are screaming of this unchecked cancer being unleashed upon this nations citizens– These banks have rewritten common law and judges are allowing it. This affliction has been in the viral stage for sometime now yet a cure or even a call for a cure has yet to come on a level that acknowledges its seriousness. There seems to be a governing undertone that this widespread ignorance is “neccesary to preserve the economic vialbility” of these banks who concocted and unleashed the scheme, i.e. “too big to be punished”, yet a man who in desperation steals a package of diapers is put behind bars and marked for life as a social outcast who has defiled social order. Is this REALLY the true America? Is this what we have all sacrificed our sons and daughters for? This is a far more dangerous threat than 9-11 or any war on foreign soil; its a direct attack upon the principals of the Constitution that define this Republic as “free.” There should be no one who does not at least write to your local, state and ntional political leaders, to your local judges and to your local and national media… Maybe there needs to be a national protest held in Washington DC– but clear transparent answers need to be given… If not we are no better than any other poor soul living under a puppet dictatorship.