Tag Archives: Property/Assets/Rights

Fed Balance Sheet Hits Record $3 Trillion

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“The size of the U.S. Federal Reserve‘s balance sheet reached a record, Fed data released on Thursday showed, due to the central bank’s purchases of Treasurys and mortgage-backed securities that are part of its unconventional policy aimed at supporting economic growth.  The Fed’s ownership of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and the Government National Mortgage Association (Ginnie Mae) totaled $983.2 billion, up from $947.61 billion the previous week.  The Fed’s holdings of Treasurys totaled $1.697 trillion as of Wednesday, higher than $1.689 trillion the previous week.”

http://www.cnbc.com/id/100406121

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The Best American Cities for Economic Growth

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“So, you want to live in a place that is likely to grow. You want to own a home there. You want to own 20 more in 20 years. Where should you move to?  If you want a large city, you should move here.  If you want a smaller city, you should move here.  Are a lot of them in Texas? Of course.  Does Texas have a state income tax? No.  Is the weather good? Yes.  Is real estate cheap? Yes.  Are people armed? Yes.”

http://teapartyeconomist.com/2013/01/18/the-best-american-cities-for-economic-growth/

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Can the DEA Hide a Surveillance Camera on Your Land?

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“A case that began with reports of suspicious activity in northeast Wisconsin forest land last spring may be headed for the US Supreme Court. That’s because a US district court judge ruled in the case last fall that it was okay for the DEA to enter the rural property without a warrant and install surveillance cameras that were used to help convict five members of a family on charges they were growing marijuana.”

http://stopthedrugwar.org/chronicle/2013/jan/16/can_dea_hide_surveillance_camera

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Swiss Fort Knox: Bomb-secure Backup

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“A mountain in which are hundreds of meters deep into the rock top-secret data stored? What sounds like a spy thriller, is located in the Bernese Oberland reality: A team of 20 minutes online, paid a visit to one of the most protected places in Switzerland.”

http://www.20min.ch/digital/webpage/story/Bombensicheres-Backup-23545532

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ProPublica: Govt Now Runs the US Mortgage Marketplace

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“The American home mortgage market has, for all practical purposes, become nationalized since the 2008 financial meltdown, according to an analysis by ProPublica, the non-profit investigative journalism project.  The takeover, without which the housing market could barely function, has occurred against a backdrop of little planning or public discussion.  In fact, nine out of every 10 new mortgages are now backed by the U.S. taxpayer, up from three in 10 in 2006.  Fannie Mae and Freddie Mac, the taxpayer-supported housing giants, alone guaranteed 69 percent of new mortgages in the first nine months of 2012.”

http://www.moneynews.com/StreetTalk/mortgage-nationalization-Freddie-Fannie/2012/12/21/id/468658

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Evictions Become Focus of Spanish Crisis

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“There are now 1.7 million Spanish households in which not a single family member still earns a salary. Nearly 4 million people have lost their jobs since late 2007, when the real estate bubble burst. More than half of those out of work in Spain are now considered to be long-term unemployed. The result is that an increasing number of them can no longer service the loans they took to purchase apartments, houses and commercial space during the boom years prior to the crisis.  According to a forecast by the Spanish central bank, the number of foreclosures will increase by another 30 percent in the coming year.”

http://www.spiegel.de/international/europe/increasing-protests-in-spain-as-forced-evictions-continue-to-rise-a-874771.html

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Florida homeowners foreclose on deadbeat banks

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“Vigilante homeowners in Florida are turning the tables on banks by foreclosing on them over unpaid homeowner fees, which can amount to tens of thousands of dollars.  Although banks are typically the ones foreclosing on homeowners who can’t pay their mortgages, those same banks sometimes fail to pay the homeowners fees that come with holding those properties after foreclosure, reported CNN.  And when banks fail to pony up, associations have hit back by imposing liens on those properties. If they still fail to pay, associations pursue foreclosures against the banks — a reversal of the process that banks typically pursue against homeowners.”

http://www.rawstory.com/rs/2012/12/27/florida-homeowners-foreclose-on-deadbeat-banks/

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U.S. Courts Penetrate Domestic Asset Protection Trusts

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“Building on the burgeoning popularity of offshore asset protection trusts (OAPTs), 14 U.S. states have now enacted their own ‘domestic’ asset protection trust (DAPT) legislation.  These laws date back to the 1990s, but only in the last year have I learned of challenges to them in U.S. courts. The record is not encouraging.”

http://www.nestmann.com/u-s-courts-penetrate-domestic-asset-protection-trusts/

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The Five Largest Landowners in the U.S. (Three you probably never heard of)

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“1. John Malone – The cable tycoon has 2.2 million acres stretching from Wyoming to Maine. 2. Ted Turner – The media magnate has 2 million acres in Nebraska, New Mexico and other states. 3. The Emmerson family This low-profile family holds 1.8 million acres through Sierra Pacific Industries, the nation’s second largest lumber producer.  4. Brad Kelley The reclusive billionaire, who drives a pick-up truck and made his money from discount cigarettes, owns about 1.5 million acres and uses much of it for cattle ranching.  5. The Irving family The Canadian forestry family behind J.D. Irving Inc. owns 1.2 million acres in Maine and other locations.”

http://www.economicpolicyjournal.com/2012/12/the-five-largest-landowners-in-us-three.html

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Housing Up, Home Ownership Down: The Mysterious New Housing Bubble

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“If the number of people who actually bought a home and moved in dropped by 175,000, then what we’re seeing is industrial-scale investment by Wall Street speculators who are getting lavish financing perks from the banks to buy distressed properties that, if they had been sold on the MLS or via bank auctions, would have driven prices down even further pushing bank balance sheets deeper into the red. In other words, the Obama administration, the banks, the Fed and the behemoth private equity firms are all in bed together to reward the people who blew up the financial system with another backdoor bailout.”

http://www.counterpunch.org/2012/12/18/the-mysterious-new-housing-bubble/

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