Read Excerpts From “13 Bankers”

I’m reading Simon Johnson and James Kwak’s new book — “13 Bankers, the Wall Street Takeover and the Next Financial Meltdown” – and posting a summary and excerpts of each chapter. Here is my progress so far:

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The Crap in Our Back Yard

These two pieces of crap sit behind the “Old Crack House”. The windows are all broken and the plumbing and furnaces have been ripped out. The back doors are open or the boarding is busted out and kids play in them. They were built around 1915 or so as two woodstove houses by Leonard Volkenand, who lived in our place from 1904 until his death in 1937. That means they were heated with a stove upstairs and one downstairs. They were problem rentals for us when we bought the place and in really bad shape. When the owner died they were left to her daughter who inherited another 7 just like them. She evicted the tenants for humanitarian reasons (nobody should have to live with that many fleas) and has done nothing with the properties for the last 4 years. She hasn’t paid the taxes either. Her daughter lives across the street and won’t do anything about them. She won’t even cut the grass. We would be happy to get these and demolish them and expand our back yard but we run into a problem. The county sold the tax liens to a bank in Florida. The liens total $12,000 and the cost to demolish these will be about $8000 and the two empty lots are worth maybe $6000 because they are too small to build on under the new zoning code.
There is a program that the city offers residents to acquire abandoned property and get the delinquent taxes forgiven. Taxes have to be two years in arrears for the property to qualify. Basically we would fill out an application form and deposit $1000 with the city. This is used to force a sheriff sale on the property. The first sale is for the taxes owed. If there is no sale it will be put up a second time with no minimum bid. If nobody buys it, the city acquires it and then gives it to us and keeps the $1000. If someone buys the property we get our deposit back. Since the liens keep getting sold to this bank in Florida, these properties taxes are no longer in arrears so we can’t attempt to acquire the properties. So they will sit empty and vacant for another 5 years or until the city sends out the demolition crews to tear them down. They add that bill to the delinquent tax bill so the problem perpetuates itself until the bank realizes that it is sitting on a very expensive piece of crap that they will never be able to sell or collect on.

I mentioned this problem to our mayor last week. The information entered her right ear, ricocheted off a couple of brain cells and created a foggy glaze over her eyes. She looked in my direction and said “You need to talk to the county auditor.” Now I’m willing to do that but my thought is “Yeah right, like my two crappy properties matter to the county auditor! Do you think he’s going to make a call to the bank in Florida that got bilked by him for a couple hundred grand to recall $12,000 in liens?” She said that this is a county problem, not a city problem but the truth is that it IS a city problem because there are many other houses like these within city limits.

My experience in this town is that the city administration does not communicate with the county administration. I think it is a political party thing which is so stupid in this day and age because our governments are supposed to serve “We the people …” and the people in the city of Dayton are getting served poorly as a result of our elected city leaders not being willing to work with county elected leaders because they aren’t members of the same political party, even though it would be the right thing to do.

I’m pretty certain that if the right person investigates this, they will find at least 50 or even more properties about the city in a similar situation. At least nine being owned by the above mentioned lady. If the person investigating would happen to work for the city and would approach the county auditor about this problem then these bad property liens could be swapped out for good ones that have more recent delinquent taxes. This would free these real crap properties up to be acquired by residents who care or land banked by the city planning department.

I have spoken with people in the planning department, the building inspection division and economic development since and will get the opportunity to present this at a neighborhood housing committee meeting that I attend next week.
I am so fed up with the way our city government doesn’t work as effectively as I KNOW it can that I went to the board of elections and asked what I need to run for mayor next year. The gentleman behind the desk looked me square in the eye and said “A

…continue reading the article The Crap in Our Back Yard

The Battlestar/SCIFI Podcast

I forgot to post the link to Ep III then we released EP VI…
But no fear we’re now on iTunes and if you are realy bored you can subcribe!.
Aren’t we special???

© jen for Very Big Blog, 2008. |
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Dayton photo of the day – 04/30/08

There are some great photographers (and photographs) online that showcase Dayton.  I think I’ll start sharing these with you more often.
From bkwdayton (pic is hyperlinked to flickr):

…continue reading the article Dayton photo of the day – 04/30/08

What The Strange Case of Jeremiah Wright Can Teach Us

I am dumbfounded as to why Rev. Jeremiah Wright would make such a spectacle of himself at the National Press Club. An older black woman, a commentator on Anderson Cooper’s show, said that, in her opinion, what had motivated Rev. Wright’s behavior was his perception that Barack Obama had “dissed” him, and, that Wright lashed out at Obama in anger. An interesting theory.

In today’s New York Times, Bob Herbert affirms that theory. In an article entitled “The Pastor Casts a Shadow,” Herbert writes, “Feeling dissed by Senator Obama, Mr. Wright gets revenge on his former follower while

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Party leader charged with DUI

The head of Butler County’s Democratic Party has resigned after he was charged with drunk driving over the weekend.

Ron Wardrup, 48, the party chairman since February 2007, said this morning he quit Tuesday night for the good of the party.

“It’s been a pretty rough few days for me,” Wardrup said in a phone interview. “It really was a tough decision and I had a lot of people asking me not to resign but I felt like it was the right thing to do.”

READ MORE: Party leader charged with DUI

Ohio GOP Flips on PayDay Lending Legislation

After months of debate over whether to cap payday-lending interest rates at 36 percent, House Republican leaders tossed a sharp curveball yesterday by proposing a 28 percent cap.

 

Stunning both the payday-lending industry and consumer advocates, House Financial Institutions Chairman Rep. Christopher R. Widener, R-Springfield, made major changes yesterday to a plan he introduced last week that did not lower the current 391 percent rate.

Widener introduced House Bill 545, which would cap payday lending rates at 28 percent, limit borrowers to four loans per year, cut the maximum loan size from $800 to $500 and require that borrowers get at least

…continue reading the article Ohio GOP Flips on PayDay Lending Legislation

Reasonable costs: What can Ohioans afford to pay for health care?

Wages in Ohio make health care unaffordable for many Ohioans. Approximately 20 percent of all Ohioans live in families earning less than needed to meet their basic family budget. A basic family budget for Ohioans includes costs for housing, utilities, food, health care, child care, transportation, clothing, school supplies, and taxes. When families do not earn enough to meet all of these basic needs, they spend more than they can afford on health care or go without health care coverage altogether. While some Ohioans manage to pay for health care or health insurance, often they cannot afford to do so,

…continue reading the article Reasonable costs: What can Ohioans afford to pay for health care?

Super Delegates Could Split Dems

The leaders of the Democratic Party, Dean, Pelosi, Reid et al are singing from the same hymnal when they chant the Democrats will unite behind the eventual Democratic Party Presidential nominee.

This is hopeful thinking on their part.

The Obama campaign has attracted historically large numbers of new voters to the Democratic primary process. Most of these voters became involved and voted in the Democratic primaries because of vision of the future offered by Obama and his campaign. In addition, large numbers of Democrats and even some Republicans jumped on the Obama band wagon because they were tired of the same

…continue reading the article Super Delegates Could Split Dems

Time Warner phone hell!

A few years ago there was an article about how a survey compiled about how people hate being in a circular “touch 1″ customer service phone hell. Sunday night I actually was a screaming, crying, ranting she-weevil to a TS guy. They broke me.
So my Mother in law has been having issues with

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McCain Strongly Rejected Long-Term Iraq Presence: “Bring Them All Home” [FLIP FLOP, FLIP FLOP...]

Sam Stein
The Huffington Post
When it comes to getting U.S. troops out of Iraq, Sen. John McCain was for the idea before he was against it.
Three years before the Arizona Republican argued on the campaign trail that U.S. forces could be in Iraq for 100 years in the absence of violence, he decried the very concept

…continue reading the article McCain Strongly Rejected Long-Term Iraq Presence: “Bring Them All Home” [FLIP FLOP, FLIP FLOP...]