Matt Weidner – Fighting For The American People

Posts Tagged ‘Jr.’

That fella up above there is a guy called Henry Paulson, Jr. , but his friends call him Hank, so I’ll call him Hank.  He’s the key guy that put together the plan to write the banks and Wall Street Wizards a blank check for $750 billion of your dollars way back in 2008.

He’s widely viewed as THE ULTIMATE WALL STREET GUY if there ever was one.  Now it is very clear that if Hank and the other big shots in charge hadn’t done something in 2008, the world economy would have gone careening off a cliff.  I’m pretty sure history will reveal just how close we all were to a major catastrophe…but the real problem we’re all having now is the fact that all the Wall Streeters have profited GINORMOUSLY while the American people are continuing to suffer like never before.

When you watch all the news of this incredibly successful guy, you cannot imagine that he has any real connection to the suffering of the American people..he’s just too far removed from it….right?  I mean he’s been living up there in the rarefied air that you breathe in when you’re part of the Goldman Sachs cartel.

But here’s a very interesting and potentially humanizing thing.  According to Wikipedia:

Paulson received his Master of Business Administration degree from Harvard Business School in 1970.

Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972.

He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.

Here’s another thing, right around this time, a fella by the name of Henry Paulson was being evicted from a property down in sunny  Palm Beach, Florida.  Now Wikipedia also shows that Paulson, (Hank that is) was born in Palm Beach so it seems pretty likely that defendant in the lawsuit reflected below was none other than Hank Paulson’s father.  Hard to tell whether this was Henry Paulson senior’s home but there was actually another judgment entered sometime later related to the same property.

henrypaulson

Henry Paulson, Sr

Digging a little deeper, it also appears that an estate was opened up for Henry Paulson in 1982…and here’s what’s interesting…it was a  Summary Administration that appears to have been opened up by creditors.  Wikipedia says Hank Paulson became a partner at Goldman Sachs in 1982 while creditors opened a Summary Administration for Henry Paulson, Sr. that same year.  I just wonder what was going on here.  Did Paulson Sr. die broke and penniless while Jr. was on the trajectory straight up on his way to making untold wealth and prestige?  For me the interesting thing is it sort of humanizes a very imperial and distant figure. I wonder how these Masters of the Financial Universe tick…what they’re thinking and where they’re coming from.  This adds a whole new layer and dimension to my thinking about how Hank Paulson….one of the most powerful men in the world…..thinks and operates….

Do a search below and join in the speculation:

Search Palm Beach County Public Records

(Hat Tip to Michael Olenick at LegalPrise for this little bit of intrigue.)

I want to stand here in the middle of this digital town square and engage my fellow countrymen and women in an informed and factual debate about what is occurring in this country.  Like Martin Luther, I want to announce my 95 thoughtful and factually-supported complaints against the wrongs in the system.  Like Martin Luther King, Jr., I want to share connect with you on a very personal level and share with you the profound sadness I feel because of the gross and systemic injustices that I experience first hand.

But I cannot.  Speech in this country is no longer free and dissent will not be tolerated.  Things did not end well for my Luther boys and I’ve got to do what I must do in order to try and stay in this for the long haul.

I hope that there are those of you out there who are still able to keep the flickering flame of freedom lit.  I hope some will remain to share the history….the sad history…the decline….

One of the biggest problems in this Fraudclosure battle is the fact that those who are most directly impacted by the problems fail to speak out and fail to take any action.  This simply cannot continue if we are to expect any change in this practice environment.  With that in mind,

I WANT TO IMPLORE EACH ONE OF YOU TO TAKE A MOMENT AND SEND THIS FLORIDA LEGISLATOR YOUR COMMENTS

Please keep in mind that he is a public servant, newly elected and that this legislator did not create the problems that we are all faced with.  To the extent that he appears to be reaching out for real facts and honest input, please share with him your stories and your specific examples of the problems you see.  Write a personal email to him and let’s see whether we cannot cultivate an ally in the fight to restore integrity to the foreclosure process in Florida….

George Moraitis, Jr.

Dear Members of The Citi Board of Directors and Citi Senior Leadership Commitee:

I’ve got about $2 million dollars sitting on my desk here in Little ‘ole St. Petersburg….and it’s yours for the taking…..but you big shots apparently don’t want it.

You see I’ve got contracts pending or potential offers on houses here where (at least apparently) Citi holds mortgages on the property.  Now the rough combined principle value of the outstanding mortgages is $2.5 million, so you would be taking (at least on the surface) a bit of a loss if you accepted the money on my desk….but you’re going to take much bigger losses if you don’t accept the money sitting on the table.

Take the home pictured above….you guys have two mortgages on the home totaling $500,000….now months ago you might have gotten offers that would have netted you $400,000, but the market has continued to decline and the offers now would net you $300,000.  You owe or have paid $21,000 in property taxes over the last two years and by the time you get it back in foreclosure, you’re probably going to spend tens of thousands of dollars so I just don’t see how you’ll net even $300,000.

Here’s the damdest thing about this particular house….YOU’RE GETTING SCREWED BY YOUR OWN ATTORNEYS ON THIS ONE. No need to go into details on this, the bottom line is the homeowner filed for bankruptcy long ago and disclaimed any interest in the property he had…….your attorneys could have concluded this long ago…your “loss mitigators” could have gotten you money long ago, but they’re all sitting on their hands….I’ve been taunting them….emailing them…asking why they don’t want to get this property back for you….but nothing from any one of them…I’ve emailed your state court attorneys, your federal bankruptcy attorneys, your senior loss mitigation staff….but not a peep out of them other than to acknowledge receipt of my email.

This situation is not unique….I’ve got many just like this…and Citi is not unique…I’ve got literally millions of dollars worth of money sitting on the table that could go to banks like Citi, Wells Fargo, OneWest and Bank of America….the homeowners don’t care anymore (and frankly don’t have anything to lose.)

They’re totally ready to get on with their lives…give you guys money and get the property off their hands and into the hands of someone who can use it….so I’m asking you people….all you smart men and women that are tagged on this post.  Hopefully your staff will be monitoring tags and blogs and that sort of thing….I’m just hoping that one of you will be curious enough about what I’ve got to say that you might contact me….remember, you folks do answer to shareholders don’t you?

Can you all just afford to turn money like this away?  Is the government cheese, tax breaks and subsidies you’re living on just too good?