State Attorney Generals are investigating ‘Foreclosuregate’ but no prosecutions for wrongdoing are being considered

Source:  http://www.realityzone.com/currentperiod.html State Attorney Generals are investigating ‘Foreclosuregate,’ but no prosecutions for wrongdoing are being considered. The focus, instead, is on how to keep homeowners in their homes and how to keep the banks in business. In the aftermath of the S&L fraud of the 1980s, there were over a thousand felony convictions. The recent …

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Meridian’s Berg arrested on additional fraud charges

Oct, 21, 2010 – Federal agents have arrested Frederick Darren Berg, the founder of the failed Meridian Group mortgage investment funds, on new charges of wire fraud and bankruptcy fraud after learning that he apparently tried to hide money from bankruptcy officials and federal prosecutors. http://seattletimes.nwsource.com/html/businesstechnology/2013225668_berg22m.html

Are You Prepared For The Largest Tax Hikes In The History Of The U.S.?

“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes… You will not see any of your taxes increase one single dime.” — …

Are You Prepared For The Largest Tax Hikes In The History Of The U.S.? Read More »

Meridian Mortgage investment company founder Darren Berg charged in fraud

Federal prosecutors charged Frederick Darren Berg, the founder of the failed Meridian Mortgage investment funds of Seattle, with 10 counts of wire fraud and money laundering Thursday, alleging he conducted a long-running Ponzi scheme that raised more than $350 million for purported mortgage investments but actually funneled millions of dollars to himself. Story:  http://seattletimes.nwsource.com/html/businesstechnology/2013164237_bergcharges15.html

How The SAFE Act Affects Seller Carryback Notes: Strategies For Note and Real Estate Brokers & Investors

UPDATED 12/1/10 I’ve published an analysis of the SAFE Act, How The SAFE Act Affects Seller Carryback Notes: Strategies For Note and Real Estate Brokers & Investors. It addresses questions such as: * Do you need a license? * How does the SAFE Act affect you if you want to buy, create or broker seller …

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Cash Flow Notes Return vs. Other Investments

Robert Veres, editor of the Inside Information financial-planning newsletter, recently asked his subscribers to estimate long-term future stock returns after inflation, expenses and taxes.  Several dozen leading financial advisers responded. Although some didn’t subtract taxes, the average answer was 6%. A few went as high as 9%. Historically, inflation has eaten away three percentage points …

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Does Poverty Cause Crime?

Did you know that poverty forces people to commit crimes? That’s one of the cherished doctrines of collectivists (those who want big government).  They don’t quite put it that way, but that’s what they want you to believe. Camden, NJ in various years has been named the nation’s most dangerous city. According to an Associated …

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