Daily Archives: October 22, 2010

Union Worker Fired by Union for Wearing Sweatshirt with ‘BUSH’ Displayed on it

Like many of us, Duane Hammet works and goes about his business caring for his family. Duane is also a member of the IATSE (The International Alliance of Theatrical Stage Employees) Local 33 in Burbank/Hollywood, California.

Duane also has the distinction now of being fired from his job setting up a stage in preparation for Barack Obama’s visit because he showed up for work wearing a sweatshirt with the name “BUSH” prominently displayed on it, after refusing to turn it inside out.

Curious in this firing is that name on the sweatshirt is not that of the much maligned and hated George W. Bush, but of the United States Navy Aircraft Carrier George H.W. Bush, father of the 43 president and the ship that Duane’s son has been serving on.

Does this mean Union Workers and Democrats are barred from flying in to or out of Houston, Texas if they use George Bush Intercontinental Airport, the main airport for that city?

Can you imagine the riots if someone were fired for wearing an Obama shirt?

Democrats and Unions are responsible for spreading this hatred to the point that a man is fired for showing the name of a US Navy ship. Just like Bolsheviks long before them, anything not fitting their little realm must be destroyed and hated.

We cannot be the “land of the free” with Unions wielding this much power that they manipulate elections and hold someone wages over their head for expressing their free will.

After all, isn’t that why we were said to need unions in the first place, to protect workers? And now, as it long has been, it is unions harassing and firing workers for displaying the name of a US Navy ship named after a former president?

This outright hatred of conservatives, Republicans and Bush is out of hand.

H/T Big Hollywood

UPDATE: With egg all over their faces, Union officials have contacted Hammond, apologized and are “bending over backwards” to make it up to him.

KTLA

Tell ’em where you saw it. Http://www.victoriataft.com

Broke Back Military Decision

I don’t expect any credit for what I’m about to lay on you.
You don’t even acknowledge my correspondence at all.
However it won’t be long before you begin to hear the recent rejection of the “don’t ask don’t tell policy” referred to as the “broke back military decision”.
And indeed it will do just that as was and is the intent of this jurist and her peers.

B

Union Worker Fired by Union for Wearing Sweatshirt with ‘BUSH’ Displayed on it

Like many of us, Duane Hammet works and goes about his business caring for his family. Duane is also a member of the IATSE (The International Alliance of Theatrical Stage Employees) Local 33 in Burbank/Hollywood, California.

Duane also has the distinction now of being fired from his job setting up a stage in preparation for Barack Obama’s visit because he showed up for work wearing a sweatshirt with the name “BUSH” prominently displayed on it, after refusing to turn it inside out.

Curious in this firing is that name on the sweatshirt is not that of the much maligned and hated George W. Bush, but of the United States Navy Aircraft Carrier George H.W. Bush, father of the 43 president and the ship that Duane’s son has been serving on.

Does this mean Union Workers and Democrats are barred from flying in to or out of Houston, Texas if they use George Bush Intercontinental Airport, the main airport for that city?

Can you imagine the riots if someone were fired for wearing an Obama shirt?

Democrats and Unions are responsible for spreading this hatred to the point that a man is fired for showing the name of a US Navy ship. Just like Bolsheviks long before them, anything not fitting their little realm must be destroyed and hated.

We cannot be the “land of the free” with Unions wielding this much power that they manipulate elections and hold someone wages over their head for expressing their free will.

After all, isn’t that why we were said to need unions in the first place, to protect workers? And now, as it long has been, it is unions harassing and firing workers for displaying the name of a US Navy ship named after a former president?

This outright hatred of conservatives, Republicans and Bush is out of hand.

H/T Big Hollywood

UPDATE: With egg all over their faces, Union officials have contacted Hammond, apologized and are “bending over backwards” to make it up to him.

KTLA

Tell ’em where you saw it. Http://www.victoriataft.com

Pete the Banker: Mortgage Morass Metastasizes

by Pete the Banker
Can You Foreclose if You Can’t Prove Who “Owns” House?
With an already massive supply of delinquent and foreclosed homes weighing upon the housing market as “shadow inventory” due to the Administration’s HAMP (Home Affordable Modification Program) and HOPE NOW (Home Ownership Preservation of Equity) programs, the financial institutions servicing securitized mortgages have used faulty automated approval process (robo signing) in dispatching delinquent loans without adequate review and approval during the foreclosure process.  Secondly, years earlier, the original lender failed to provide adequate documentation showing the sale of individual mortgages which were subsequently transferred into securitized pools, making proof of current ownership of the now defaulted loans difficult. Now, because of these issues, the court system has resisted approving contested foreclosures citing this lack of proper documentation.
Flood of Home Inventory
Ally Bank, Bank of America, Fannie Mae, Freddie Mac and Wells Fargo which now service affected loans are all involved in the servicing controversy which ultimately will make worse an already massive potential inventory of homes for sale on the market. The Wall Street Journal says mixing the financial industry with the legal process is causing a clash of cultures: 

“The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners, the housing market and the broader economy—depends on how quickly a number of technical problems and legal challenges are resolved in the months ahead.  In  essence, fast-paced modern finance is colliding with the much slower machinery of the U.S. legal system. While finance aims for efficiency and maximized profits, the courts demand due process. [Here]” 

 Of the broader situation, the New York Times says the current system can’t cope with the problem,

“…neither Congress nor the administration has found a way to address an even more fundamental problem: What government and banks need to do to finally stanch the flood of foreclosures wreaking havoc on the lives of millions of Americans and threatening the recovery. …According to the latest figures, 4.2 million loans are now in or near foreclosure. An estimated 3.5 million homes will be lost by the end of 2012, on top of 6.2 million already lost. Yet the administration’s main antiforeclosure effort has modified fewer than 500,000 loans in about 18 months. [Here]”

But the Administrations who up until now hasn’t been shy of intervening in the financial industry and mortgage market suddenly backs off dealing with this ever growing mortgage morass.
“The Obama administration is insisting such a broad delay would hurt the economy. [Here]”
Red Tape Will Cause Red Ink
Regardless of the ultimate outcome of the latest legal challenges engulfing the housing industry and capital markets, in the intervening period the housing industry will continue to suffer, delinquent borrowers facing foreclosure will face continuing delays with little likelihood of keeping their property, investors in Residential Mortgage Backed Securities will continue to lose more money and purchasers of formerly foreclosed homes are likely to become mired in uncertainty about the validity of their purchase.
 
Is this really the Administration’s promise of Hope and Change? 
 

Tell ’em where you saw it. Http://www.victoriataft.com

Broke Back Military Decision

I don’t expect any credit for what I’m about to lay on you.
You don’t even acknowledge my correspondence at all.
However it won’t be long before you begin to hear the recent rejection of the “don’t ask don’t tell policy” referred to as the “broke back military decision”.
And indeed it will do just that as was and is the intent of this jurist and her peers.

B

Pete the Banker: Mortgage Morass Metastasizes

by Pete the Banker
Can You Foreclose if You Can’t Prove Who “Owns” House?
With an already massive supply of delinquent and foreclosed homes weighing upon the housing market as “shadow inventory” due to the Administration’s HAMP (Home Affordable Modification Program) and HOPE NOW (Home Ownership Preservation of Equity) programs, the financial institutions servicing securitized mortgages have used faulty automated approval process (robo signing) in dispatching delinquent loans without adequate review and approval during the foreclosure process.  Secondly, years earlier, the original lender failed to provide adequate documentation showing the sale of individual mortgages which were subsequently transferred into securitized pools, making proof of current ownership of the now defaulted loans difficult. Now, because of these issues, the court system has resisted approving contested foreclosures citing this lack of proper documentation.
Flood of Home Inventory
Ally Bank, Bank of America, Fannie Mae, Freddie Mac and Wells Fargo which now service affected loans are all involved in the servicing controversy which ultimately will make worse an already massive potential inventory of homes for sale on the market. The Wall Street Journal says mixing the financial industry with the legal process is causing a clash of cultures: 

“The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners, the housing market and the broader economy—depends on how quickly a number of technical problems and legal challenges are resolved in the months ahead.  In  essence, fast-paced modern finance is colliding with the much slower machinery of the U.S. legal system. While finance aims for efficiency and maximized profits, the courts demand due process. [Here]” 

 Of the broader situation, the New York Times says the current system can’t cope with the problem,

“…neither Congress nor the administration has found a way to address an even more fundamental problem: What government and banks need to do to finally stanch the flood of foreclosures wreaking havoc on the lives of millions of Americans and threatening the recovery. …According to the latest figures, 4.2 million loans are now in or near foreclosure. An estimated 3.5 million homes will be lost by the end of 2012, on top of 6.2 million already lost. Yet the administration’s main antiforeclosure effort has modified fewer than 500,000 loans in about 18 months. [Here]”

But the Administrations who up until now hasn’t been shy of intervening in the financial industry and mortgage market suddenly backs off dealing with this ever growing mortgage morass.
“The Obama administration is insisting such a broad delay would hurt the economy. [Here]”
Red Tape Will Cause Red Ink
Regardless of the ultimate outcome of the latest legal challenges engulfing the housing industry and capital markets, in the intervening period the housing industry will continue to suffer, delinquent borrowers facing foreclosure will face continuing delays with little likelihood of keeping their property, investors in Residential Mortgage Backed Securities will continue to lose more money and purchasers of formerly foreclosed homes are likely to become mired in uncertainty about the validity of their purchase.
 
Is this really the Administration’s promise of Hope and Change? 
 

Tell ’em where you saw it. Http://www.victoriataft.com