Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-61526 Fri, 20 Jan 2017 23:04:23 GMT Now we care about how Steve Mnuchin at OneWest Bank handled foreclosures? | Mandelman Matters http://implode-explode.com/viewnews/2017-01-20_NowwecareabouthowSteveMnuchinatOneWestBankhandledforeclosuresMan.html iehi-feed-61416 Thu, 05 Jan 2017 14:40:34 GMT So, this is what actually happened on Monday in Washington. | Mandelman Matters http://implode-explode.com/viewnews/2017-01-05_SothisiswhatactuallyhappenedonMondayinWashingtonMandelmanMatters.html I don't care which side of the aisle you're on, what the House Republicans did here clearly shows the dangerous level of hubris that's shared among House Republicans now that they feel like they alone are running the show.  

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I'm sure "tons" of constituents were "upset," at the very least. After all, a secret ballot cast in the middle of the night on a holiday weekend by the members of only one party alone is the sort of thing I'd expect to hear that "comrades" were involved in, not congressmen.

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House Republicans managed to transform what could have been perhaps the easiest or even best day for congress in over a century, and turn it into something so ugly and humiliating that it's hard to imagine how they could have done any worse.

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A few hours and the whole thing was over... with the independence of the Office of Congressional Ethics intact. If you'd forgotten who truly runs this country, I hope this reminded you. The power is ours, if we want it, not theirs. It always has been, whether we've always realized it or not... And I'm proud of President-elect Donald Trump for taking a stand in opposition to the House Republicans and for showing the country that he is capable of thinking like US and about US.

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iehi-feed-61360 Thu, 22 Dec 2016 10:34:56 GMT It's the END OF HAMP... And the Beginning of a New Era in Loan Modifications | Mandelman Matters http://implode-explode.com/viewnews/2016-12-22_ItstheENDOFHAMPAndtheBeginningofaNewErainLoanModificationsMandel.html HAMP is ending this year, as of December 31st, it will be history.

What won't be history, unfortunately, are the foreclosures that we've been trying to prevent since 2008.  Sure, the numbers of new foreclosure filings have fallen as compared with the numbers reported in 2009 or 2010, but that doesn't mean the foreclosure crisis is over... Looking at RealtyTrac's foreclosure chart for 2016, it appears that we still had almost a million foreclosures this past year. Yeah, it's not two million or four million, but it's still a million, which works out to 2740 a day, 365 days a year... and seems like too many at least to me.

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The good news, however, is that the end of HAMP does not necessarily mean the end of loan modifications. Last week, Fannie Mae and Freddie Mac announced a HAMP replacement called the "Flex Modification" program, which Fannie says, "leverages components" of HAMP with those of Fannie's "Streamlined Modifications."

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iehi-feed-61321 Thu, 15 Dec 2016 00:16:40 GMT St. George Bank Gave Man $2 Million For Booze, Drugs And Prostitutes http://implode-explode.com/viewnews/2016-12-14_StGeorgeBankGaveMan2MillionForBoozeDrugsAndProstitutes.html iehi-feed-61293 Mon, 12 Dec 2016 03:12:06 GMT NACA And CRA Housing Agencies Shafted Homeowners http://implode-explode.com/viewnews/2016-12-11_NACAAndCRAHousingAgenciesShaftedHomeowners.html iehi-feed-61252 Tue, 06 Dec 2016 23:33:32 GMT The Deepening Deep State - KUNSTLER http://implode-explode.com/viewnews/2016-12-06_TheDeepeningDeepStateKUNSTLER.html A little paranoia about the growing fascist behavior of the US government is a useful corrective to trends that citizens ought to be concerned about -- for instance, the militarization of police; the outrageous "civil forfeiture" scam that allows police to steal citizens cash and property without any due process of law; the preferential application of law as seen in the handling of the Clinton Foundation activities and the misconduct of banking executives; the attempt to impose a "cashless society" that would herd all citizens into a financial surveillance hub and eliminate their economic liberty.

These matters are especially crucial as the nation stumbles into the next financial crisis and the Deep State becomes desperate to harvest every nickel it can to rescue itself plus the cast of "systemically important" (Too-Big-To-Fail) banks and related institutions like Fannie Mae and Freddie Mac, which are about to once again be left holding colossal bags of worthless non-performing mortgages, not to mention the pension funds and insurance companies that will also founder in the Great Unwind that is likely to commence as Trump hangs his golden logo over the White House portico.

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iehi-feed-61227 Sun, 04 Dec 2016 20:39:45 GMT Liberal Billionaire Buys The Bob Hope House In Palm Springs http://implode-explode.com/viewnews/2016-12-04_LiberalBillionaireBuysTheBobHopeHouseInPalmSprings.html iehi-feed-61193 Thu, 01 Dec 2016 01:19:16 GMT Trump Campaign Operative Convicted Of Election Fraud http://implode-explode.com/viewnews/2016-11-30_TrumpCampaignOperativeConvictedOfElectionFraud.html iehi-feed-61161 Mon, 28 Nov 2016 18:29:08 GMT Trump threatens to prosecute Clinton if she pursues recount? Now there's a good reason for her to do it. | Mandelman Matters http://implode-explode.com/viewnews/2016-11-28_TrumpthreatenstoprosecuteClintonifshepursuesrecountNowtheresagoo.html How would it even work? How would you use dead people to pad the voting for Hillary Clinton? How would anyone know in advance in which states those dead people votes will matter most? I guess you'd need teams of thousands standing by throughout maybe 30 states... and they'd have to be stealthy... very stealthy. And loyal... very loyal. Ridiculous... right?

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Bottom-line... Hillary, start recounting in Wisconsin and let's see what we can find out about the election's real results... and also let's see what can be learned about voter fraud... how much of it is real and how much is just a stat that on the surface looked like it fit the narrative perfectly, but ended up making Lou Dobbs look like he's working with a hole in his head through which all of his common sense has escaped.

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iehi-feed-61150 Fri, 25 Nov 2016 22:35:25 GMT Regions Bank VP Fired For Racist Facebook Rant About President Obama http://implode-explode.com/viewnews/2016-11-25_RegionsBankVPFiredForRacistFacebookRantAboutPresidentObama.html iehi-feed-61129 Tue, 22 Nov 2016 19:33:35 GMT Understanding the Real Story on Immigration and Sanctuary Cities | Mandelman Matters http://implode-explode.com/viewnews/2016-11-22_UnderstandingtheRealStoryonImmigrationandSanctuaryCitiesMandelma.html To listen to politicians advocating the solutions proposed by Donald Trump while campaigning for the presidency, you'd think that the task of determining whether someone is here legally or illegally is a simple and straightforward one... a task that local cops anywhere could easily handle.

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We also have to understand that in the 2012 case, Arizona v. United States, the Supreme Court ruled that only the federal government has the authority to provide border security and enforce the country's immigration laws. The high court ruled that local law enforcement are NOT ALLOWED to start investigating and arresting people solely because they suspect that they may be here illegally.

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Many things can't be understood by listening to soundbites on T.V. news. Immigration is one of those things, but trade agreements and tax cuts are no different. Saying you're going to repeal the Affordable Care Act is a lot easier than actually coming up with a plan to replace it.

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But, while Mr. Trump has been the king of his company and then his campaign, he has now, by winning the election, been demoted to lowly president, and like all presidents in my lifetime he's destined to discover that most things are much more complex and difficult to change than it appeared from the sidelines.

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iehi-feed-61121 Mon, 21 Nov 2016 15:18:12 GMT Why Is Nationstar Mortgage Scamming A 9/11 First Responder? http://implode-explode.com/viewnews/2016-11-21_WhyIsNationstarMortgageScammingA911FirstResponder.html iehi-feed-61059 Sat, 12 Nov 2016 23:25:34 GMT Donald Trump is about to face a rude awakening over Obamacare (AND THE SOLUTION) http://implode-explode.com/viewnews/2016-11-12_DonaldTrumpisabouttofacearudeawakeningoverObamacareANDTHESOLUTIO.html After reiterating his promise to repeal and replace the Affordable Care Act, President-elect Donald Trump has indicated that he may keep two of the law's most popular provisions... preventing insurance companies from denying coverage because of preexisting conditions -- offers a perfect illustration of why Trump and most of the other Republicans critics of Obamacare don't understand the health insurance market.

... to guarantee that people with pre-existing conditions can get affordable health insurance, you need to have rules requiring guaranteed issue and community rating.  To keep insurance companies in business because of guaranteed issue and community rating, you need to have an individual mandate.  And because poor people can't afford health insurance, you need subsidies. Combine all three, and what you have, in a nutshell, is ... Obamacare.

The article is right, it won't be straightforward to replace Obamacare; you can't just surgically remove a few bits here and keep choice bits here -- it's like playing "Jenga". What needs to be done is to make fundamental changes so that market and regulatory forces lower the cost/incentive structure. Yes, it's probably a good thing for society to keep the guaranteed coverage, but the way to keep it and not fiscally blow up the whole system is to separate the free market component of health care from the subsidized component. The way to do this is: for anyone who the market won't cover at an affordable rate, put them into Medicare. At the same time, Medicare must not only be allowed to, but have as a major operating objective to bargain with care and pharmaceutical providers on prices (and quality). With the fiscally unsustainable cases out, the free market insurance system can work properly. Costs would begin to fall both because of the free market portion working, well, freely, and because of the public portion bargaining on cost.

Once that is done, add to it the effect of deregulating state markets into a national unified whole, and removing the ban on charging lower cash costs outside of Medicare. Then, prices would really plummet.

Who would be the ultimate losers in this? Well, the bulk of the medical "sick care" industry. But, the survivors would be more efficient and more effective at delivering true health care -- not sick care.

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iehi-feed-61003 Fri, 04 Nov 2016 02:19:39 GMT The Crazy Presidential Election: Might Foreclosures Be Responsible? - Mandelman Matters http://implode-explode.com/viewnews/2016-11-03_TheCrazyPresidentialElectionMightForeclosuresBeResponsibleMandel.html iehi-feed-60909 Tue, 18 Oct 2016 21:32:53 GMT Duterte Visit to China; Failed "Pivot"? http://implode-explode.com/viewnews/2016-10-18_DuterteVisittoChinaFailedPivot.html Philippine President Rodrigo Duterte arrived in China to meet with Chinese Premier Xi Xinping. Duterte has become a very controversial figure in Asian politics as he has publicly excoriated U.S. President Barack Obama's treatment of him and his country.

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His meeting with Xinping comes after multiple public clashes with Obama which has led to ending joint sea patrols with the U.S. Seventh Fleet in the disputed South China Sea.

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iehi-feed-60880 Thu, 13 Oct 2016 23:50:19 GMT Did Michigan Taxpayers Pay For Judge Susan Jonas To Get Lei'd In Hawaii? http://implode-explode.com/viewnews/2016-10-13_DidMichiganTaxpayersPayForJudgeSusanJonasToGetLeidInHawaii.html iehi-feed-60817 Tue, 04 Oct 2016 22:43:18 GMT The Media Continues to Get it Wrong on Reverse Mortgages | Mandelman Matters http://implode-explode.com/viewnews/2016-10-04_TheMediaContinuestoGetitWrongonReverseMortgagesMandelmanMatters.html iehi-feed-60809 Tue, 04 Oct 2016 14:53:03 GMT Fannie Mae CEO Agrees: Trump and Hillary should talk more about housing | Mandelman Matters http://implode-explode.com/viewnews/2016-10-04_FannieMaeCEOAgreesTrumpandHillaryshouldtalkmoreabouthousingMande.html iehi-feed-60802 Mon, 03 Oct 2016 19:57:25 GMT Protesters Converge On Quicken Loans Headquarters http://implode-explode.com/viewnews/2016-10-03_ProtestersConvergeOnQuickenLoansHeadquarters.html iehi-feed-60759 Wed, 28 Sep 2016 14:27:04 GMT Wells Fargo Tries To Evict Woman From House They Don't Own http://implode-explode.com/viewnews/2016-09-28_WellsFargoTriesToEvictWomanFromHouseTheyDontOwn.html