Yves Smith-
Readers may know I don’t do political endorsements. I’m making an exception because I’ve worked with Lisa Epstein and am extremely impressed with her knowledge, energy, and tenacity. And separately, readers may have come to recognize that county clerks and registers of deeds can be very important guards of the integrity of property records and legal processes. But only a very few, such as Jeff Thigpen in Guilford County, NC, and John O’Brien in Southern Essex County, Massachusetts, have bothered to investigate their own files and speak up about the large-scale problems they have unearthed.
Lisa is an oncology nurse who has become a self trained and formidable mortgage document and foreclosure procedures (as in abuse) expert. When I was invited by the Pew Charitable Trusts to pitch on a grant opportunity to do research on foreclosures, I asked Lisa to join the proposal team because I had already seen the caliber of her work and her ability to ferret out information and devise analyses quickly (short version of long story: we got approved but turned down the grant due to, among other things, Pew’s contract. For instance, they insisted on the right to audit my books and records even though this was a fixed dollar amount, and pretty modest grant, and I told them they could pay us in arrears, after we had submitted the final report and they had accepted it).
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These tactics were used in the 2008 Senate race in Colorado where one candidate was for the people, the other had strong connections to the banks. And Bennet as Superintendent of Denver Public Schools negotiated a derivative deal with JPMorgan called an interest rate swap that has left the Denver Public Schools reeling and losing millions from the deal. It became nasty and Banker Boy Bennet became our Senator. I don’t even bother to call or write about the problems facing ordinary citizens because I know Senator Bennet will vote with the Banks 100% of the time.
Folks in Palm Beach, Florida please vote for Lisa, she has what it takes. Don’t make the same mistake Colorado made. Good luck Lisa.
http://www.nytimes.com/2010/08/06/business/06denver.html?_r=1