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Real Estate Taxes/Collusion/Graft

Thursday, August 29th, 2019

by: Marceline Donaldson

It never ceases to amaze me how many people are willing to take part in an obvious rip-off of others with those “others” including themselves and they do this for nothing – mostly not even realizing the rip-off. How many “good” people are willing to ‘go along to get along’ turning their backs to the suffering of others caused by their ‘head in the sand’ attitude towards life.

Real estate taxes is one of those areas. A collusion between the banks and the government entity levying the taxes.

Take a close, clear look at what that is all about.

Many government entities, which have decided to charge real estate taxes to those within their boundaries join the corporate and financial mafia which is totally ripping off the average citizen, daily, and these government entities contribute their share in that kind of enterprise. They join in making the banks overfed, arrogant and with an attitude that the banks rule.

How does that happen?The right to collect real estate taxes is declared and the reasons and areas which will benefit are also outlined. Those having to pay the taxes are in general agreement because they see the benefit to themselves and their generations to come.

And then things go off the rail. What enters is graft, theft, rip-offs, greed, power and much more.

How could something which started off as a benefit become such a tool to the grifters and others who insert themselves into the process? Think about who benefits before the real estate taxes you pay reach their destination. Very few people pay their real estate taxes to their government entity. Their taxes are collected by the banks. When they sign for the mortgage they are given a story which is clearly not true as to why the bank should pay the taxes. They are convinced that is the best way and their mortgage papers have a clause they have to sign – even under duress or they don’t get the mortgage – that the bank can take over paying their real estate taxes at any point the bank decides. That means many who start off paying their taxes directly to the government entity, in a short time receive notice from the bank that their mortgage amount is increased by the amount of real estate taxes and it must be paid at the same time their mortgage is due.

Real Estate Taxes have made the banks of America fat, overly arrogant, feeds them for free so they can do their thing in other areas ignoring their customers and much, much more. It is free money for six months. Money the banks knows will come in on a certain day and will remain for the next six months. The banks know that will continue for the life of the mortgage, which in some cases is 30 years. Billions and Billions of dollars free – from John and Jane Q. Public.

The public could put that money monthly into a savings account if they so decided and receive interest payments at the retail market rate. They could buy bonds which come due a few days before their real estate taxes and receive appreciation and interest. They could do a number of things with their own money and earn for themselves instead of giving that money to the bank to be held – for free. The banks are not charity organizations to whom you contribute because of the good humanitarian work they do.

Think of what a bank can do and is doing and has done around real estate taxes. The billions and billions they collect and use to up their bottom line comes from the hard earned money of John and Jane Q. Public who makes the money by hard work and gets zero return on his or her dollars because the bank’s evil geniuses have figured out how to set in place such a system and make it palatable to the general public. It is normal – is what we’ve heard. Everybody has to pay their taxes to the bank – we’ve also heard. And how does that make it right – we are asking?

Today you are required or convinced by the bank’s smooth talk to make mortgage payments to the bank which include your real estate taxes. The bank’s requirement is that you make these tax payments to them six months in advance. The bank holds that money – can use it anyway they choose – and for six months they have money in the billions on which they don’t pay anything to the people whose money they are holding. Banks have billions of dollars they can use – free – to do whatever they choose and they don’t have to answer to anyone for the money nor pay interest nor anything else on those real estate taxes which they hold for fully six months.

If you have a 30 year mortgage, the bank knows that for the next 30 years they have your money to use for free for six months ongoing for the next 30 years.

And then come the games.

Foreclosure and default are very lucrative for banks. If you pay your mortgage plus interest in full and do not pay your real estate taxes to the bank you are found in default for money owed to no one. but which the bank has declared a part of the repayment of your mortgage and they hold that you are in default or foreclosure because the real estate taxes you do not owe have not been paid.

We have been contacted by people who are in default on their mortgage and some who are in foreclosure. Those in default have had massive fees added to the mortgage amounts in spite of the fact that their mortgages were paid in full and on time. For three months they did not include the real estate taxes because they figured out the game the banks were playing and refused to go along. They contacted the bank and said they were going to pay their real estate taxes directly to the government entity and the bank said no. That is not possible. If you don’t pay directly to us and if you don’t pay six months in advance of when the amount is due you will be held in default after three months of not making those real estate tax payments to the bank.

They have tried to send money each month to the government entity – which was fine, but because it was not in the bank, they were found in default by the bank when, in fact, there were no monies due because the government entity had been paid.

So, in spite of their mortgage having been paid in full and on time – and their real estate taxes having been paid six months in advance of their being due, but directly to the government entity instead of to the bank, the bank put them into default and a couple such people we knew about into foreclosure for not paying monies they didn’t owe. The problem was resolved, but with the bank keeping the many fees charged because the mortgage had been declared in default and with the other family, the fees kept because the mortgage was in foreclosure.

The bank, knowing the real estate taxes were paid in full ignored that and paid the government entity the real estate taxes in full. In another case, the bank overpaid the taxes because they needed the extra few thousand dollars they overpaid to throw the family into default on their mortgage. In another case, the bank paid other bills, which they had no right to pay, but which they did anyway causing the family untold problems to work through and all of that with attorneys – causing the family to expend even more money. Is that fear and intimidation?

One such person had an agreement with their bank that they would pay their own real estate taxes. After several months of going along with that, the bank notified the person that their real estate taxes needed to be escrowed in addition to paying the mortgage. They refused because they had a different agreement going into the mortgage – the mortgage was paid on time and the real estate taxes also. The family put real estate tax monies into bonds which matured in six month increments so they could use that money to pay the government entity. That didn’t matter, the bank wanted the money to use for its own purposes, for free and demanded that their mortgage holders pay their real estate taxes directly to the bank or face foreclosure.

Did you know the bank can attempt to foreclose on your property even if your mortgage plus interest is paid before its due date and in full?

Into this money game – enter the government entity collecting the real estate taxes. They have several games they play in collusion with the banks.

  1. They go along with the banks demanding that the real estate taxes be paid six months in advance and the money held by the bank – without recompense to the mortgage holder. And, on one account we saw where the mortgage holder paid an average of $5,000 to the city for real estate taxes over six months, that mortgage holder’s bank was one of the more generous banks paying them $.31 interest on their $5,000 for six months.
  2. Enter the elderly. Many government entities have passed laws which say those over 65 – although some say those over 75 – may defer their taxes on their property until either they die or sell the house. The interest on such ranges from 3% to about 7% depending upon the amount of interest so stipulated by the particular government entity.
  3. Enter the games against the elderly. Some government entities on their admin side don’t want that, but it was passed anyway. So the admins and their managements have found a way to by-pass this. They make sure to discombobulate, to dissemble, to refuse to accept the applications from the elderly for such deferrals. Many we have encountered are very good at this pushing away and not accepting applications yet claiming the applications were not complete, not offered, not submitted, etc.
  4. If that doesn’t work and the elderly person is particularly good at dealing with bureaucracies what then comes into play is the collusion between the banks and the government entities. The government agrees that the application is complete, good, passed on positively and the elderly person sends it to their bank holding their mortgage and the bank refuses to honor the deferral.

5. Given the fact that the bank should not be able to dishonor such an application, especially if the equity is substantial enough to insure the taxes will be paid upon the person’s death or sale of the property – the bank refuses to accept the deferral and does not have to give a reason. Just a blanket refusal. We call that bank-greed and elder-abuse.

6. We call it bank-greed because we have tracked down a few such instances and have found that there will be people in the bank with their eyes on a particular property where the elderly owners are going through this process and they want to buy the house, but not at the retail price which everyone else has to pay. With machinations, the elderly person is, in effect, swindled out of their property and the city or bank person goes away happily owning a new piece of property or have passed it on to someone who gives them a kick back.

7. The rub from all of this is that the elderly person will generally wind up without their property living in subsidized elderly housing and the person paying that bill is John Q. Public who was swindled by the banks and the government entities in the first place in this real estate tax dealing. So that swindle comes around again and payment is extracted again from the tax paying public.

There is a whole lot more to this than the above and we encourage you to send us information from your experiences. We will continue to write about it in installments so that you can see how banks, taxes, mortgages, government entities work hand and glove in ways we feel are illegal, but they feel as their right against those working hard to put bread on their tables and keep their heads above water let alone attempting to do anything more that they deserve because of their hard work over a lifetime.

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Want to join us? Have a home that you want to open to become one of Bettina Network’s Hedge Schools? Call us and lets talk – or email us.

Ed. Note: Members of the Bettina Network Lifestyle Community can contribute to the Bettina Network Blog whenever they have anything they want to say and be heard by this fantastic group of people. Send your blog to bettinanetwork@comcast.net or mail it to us at P. O. Box 380585 Cambridge, MA. 02238 or call us on the telephone at 617-497-9166 to tell us what you want to say and we will write it for you.

Volunteer with Bettina Network Foundation, inc. to work estate sales; to help move items from one home to another; to contribute your ideas on how we can better use our resources in this effort to relieve and eliminate homelessness and poverty. We also need photographers; designers; and more. However much or little time you have, we are grateful.

Send your event information to be included in Bettina Network’s Menu of Events to: bettina-network@comcast.net

This is a curated blog so you cannot write your responses at the end of each entry. TO RESPOND TO THIS BLOG email bettina-network@comcast.net





Homelessness – What Causes It?

Friday, January 4th, 2019

We have been studying this for years.  I can remember a time when there didn’t seem to be homelessness.  At least it was so carefully hidden most of us were not aware of anything except the romantic tale of the hobo who couldn’t live in a house – did not want to be closed in, but spent his life riding the freight trains from one place to another.  Little did we know that was real, except for the part about the hobo not wanting to live in a house and wanting to spend his life riding freight trains, cooking over fires he made from whatever he could gather that would burn, freezing to death along the railroad tracks, etc.  He was pictured in movies and other media as a happy camper living this life. There was usually happy music in the background when talking about such.

That was and is an extremely painful way to live and not one lived that way by choice.  What was also carefully hidden from John and Jane Q. Public was the fact that the hobo was the hobo he and some were the hobo she.    

I have always asked – why would a seemingly wealthy society allow such within its borders?  I have no answer.

Homelessness is caused by banks.  Oh, Wow!  I can hear the screams, objections and denials.  You can hem and haw.  You can object and protest.  When you sit down, clear your head and do the work and the investigation you will discover HOMELESSNESS IS INDEED CAUSED BY BANKS.

Within the bank, accountants and others sit and get paid to figure out ways banks can make more money at the expense of the middle class.  Sometimes banks hire consultants – usually outside accountants to do the same thing. “How can we charge for  services we don’t render.  How can we increase what we make on services we do render.”

Well lets take this one profit making pocket at a time.   What is the number one way banks cause homelessness?  House foreclosures.  How does that make so much money for banks?  

The fastest way banks cause homelessness and increase their profits exponentially in the process is through their ability to collect the real estate taxes (RET) levied on John and Jane Q. Public, by the government.  

Cities and other governmental entities are supposed to levy and collect their own real estate taxes.  In fact, that has been turned over to banks to do and it is done by banks in such a way that hundreds of billions of dollars flow into banks from this function.  Bank charges to city entities; fees of all kind levied on home owners for many reasons, etc. It is one of the reasons we have such huge banks and why it is difficult to impossible for the smaller banks to grow at the rapid rate seen in the larger banks.  

If you take out a mortgage with a bank – you most likely have to agree to paying your real estate taxes directly to them instead of to the city or other governmental entity.  Those RET are kept within the bank for at least six months doing nothing except making money and being used by the bank.  That is an amount of money the bank can “bank” on receiving and when and know it will be received with regularity and they know how long it will be in the bank.   From that they can plan how to use that money to increase their profits exponentially because you can’t come to withdraw any of that money, it has to stay put for the requisite period of time and when it has to be turned over it will have been a work horse for the time it stayed.  But – you should say – that money should be a work horse for the governmental entity to which the real estate taxes are owed.  

Look at how much better that money would work for you and me instead of being used to work against you and me keeping us poor or with a glass money ceiling over our heads. How did this happen?

This is one answer to the question – “How did banks grow so big!”  How come they have so much money!  Why are they so arrogant, independent, can be ugly to their own customers and still grow and stay in business. How can they throw so much money around (not the least of which is throwing it around political campaigns to keep the politicians beholden to them). This is one of the ways banks have grown so very large and are awash in hundreds of billions of dollars and it is a biggie.  It is also one of the ways banks promote foreclosure. – It is one of the ways they become the largest promoter of homelessness in this society.

 Homelessness is not about mental institutions which put its patients out on the street for lack of money to sustain, treat and cure them where possible? That is the marketing/advertising campaigns that are out there to mislead us all.  NO! Susie.  It is not.  That is and was a smoke screen.  Homelessness can be traced directly back to banks as its beginnings and root cause.  And, banks are a causer of homelessness dates back beyond the founding of these United States.  Banks have had this role for eons of time.

There is no reason for banks to collect real estate taxes on houses.  The taxes have work to do taking care of different needs of the people who pay the taxes.  If your real estate taxes must sit for six months in a bank – having been paid some six months before they are due so the bank can have that bit of huge money inflow to help it grow ‘big time’, that is a ‘big time’ problem for the people for whom those funds should be working.

The money paid to banks far in advance of when the city says they are due should actually be working to gain more income for you or for the city – if indeed it is not obscene and a violation of your rights to make such a requirement.  In fact, almost all of the real estate monies are collected in this country by banks; sit in the bank working very hard for the bank; and earning untold billions to help grow that banks strength and reach into the community.

Many games are played around real estate taxes and banks.  We, the tax payer,  assumes the present system is the way it should be and we go along with the program – much to our detriment.  We make that assumption because we don’t think of ourselves and our rights. We accept what is, if it is dressed up in Patrician clothes and exhibits the mores of a Patrician class.

Banks collect RET (Real Estate Taxes) on a monthly basis from people who acquire mortgages from them.  The people must then repay the mortgage, usually monthly,  along with 1/12 of that years real estate taxes each and every month.  The bank keeps that money and uses it because real estate taxes are usually only paid by the bank to the city every six months.  The average mortgage holder much pay their real estate taxes monthly and six months in advance of their being due. 

This is an inviolable thing.  No one questions it – and it goes so unquestioned that banks can foreclose and they do foreclose on homes and families even if the mortgage is paid in full each month.  If the real estate taxes are not paid six months in advance the foreclosure happens – not by the city because it does not see taxes owed by citizens and does not foreclose if a citizen misses one six month period of paying taxes, but the bank does this on a regular basis.  Claiming a person is behind in their mortgage even though that is not true and even though the taxes – which they are behind in paying – are taxes, amounts of money, not due for another month or two.

To put that in its proper context. Banks make substantial sums of money on funds that stay in the bank overnight. And they maximize that in every way possible. These are funds that stay in the bank for six months, definite, not able to be withdrawn, tied up in the bank no matter what. Imagine the money made on that. The bank pays a very small amount of “interest” to the mortgage holder on their “escrowed real estate taxes” – minuscule to the amount it is making on those funds.

When that happens – add a little push to get the family headed into financial problems which results in the house being foreclosed, and banks have been known to do this frequently.  Add a minority to whom the bank has given a mortgage; add a minority who has somehow skipped past the banks red-lining policy; add to that a property which has a very small mortgage compared to the large equity position of the property owner – no matter the race, color, class, ethnic origin, religion of the property owner and, in a bank with lousy ethics which is or is bordering on becoming a criminal enterprise, another game usually moves hand in glove with the real estate taxes game.

Banks have been known to target families where there is a large gap between the value of the house and the balance of the mortgage.  When a person has a small mortgage and a large equity position they are sitting ducks for a bank to salivate over future profits.

That was out of control during the last recession and banks were so overcome running where their greed pushed them that our banking system almost collapsed.  Their greed overcame their ability to function any other way.  Many bankers and realtors became wealthy with such a scheme – one amongst many.  Many individuals faced poverty, bankruptcy, homelessness – especially homelessness.

 More on this story in another blog.  Maybe even a few real life stories!

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Project 1 – Estate Sales after the Sale

Project 2 – Wells Fargo Boycott

__________________________________________________________

Want to join us? Have a home that you want to open to become one of Bettina Network’s Hedge Schools? Call us and lets talk – or email us.

Ed. Note: Members of the Bettina Network Lifestyle Community can contribute to the Bettina Network Blog whenever they have anything they want to say and be heard by this fantastic group of people. Send your blog to bettinanetwork@comcast.net or mail it to us at P. O. Box 380585 Cambridge, MA. 02238 or call us on the telephone at 617-497-9166 to tell us what you want to say and we will write it for you.

Volunteer with Bettina Network Foundation, inc. to work estate sales; to help move items from one home to another; to contribute your ideas on how we can better use our resources in this effort to relieve and eliminate homelessness and poverty. We also need photographers; designers; and more. However much or little time you have, we are grateful.

Send your event information to be included in Bettina Network’s Menu of Events to: bettina-network@comcast.net

This is a curated blog so you cannot write your responses at the end of each entry. TO RESPOND TO THIS BLOG email bettina-network@comcast.net or info@bettina-network.com

TO LEARN MORE try www.bettina-network.com

WHY VOTE FOR DONALD TRUMP!

Saturday, October 1st, 2016

What we all have been trying to understand is why so many people – good, kind, loving, caring people – are supporting and intend to vote for Donald Trump.

They have seen – as we all have – Trump’s negatives.  So why and where does this support come from?  We are past the racism, and sexism which has been used to explain Trump.  We are looking at and talking to the many who are 120% behind Donald Trump and nothing is coming between them and the “Don”.  How come!

His supporters have heard his lies and knew they were lies.  They’ve heard how he treats women and know that to be true.  They’ve heard about his racism and knew that also to be true.  They’ve heard all the hints about his bad temper and thin skin and have seen and heard how he will quickly and viciously insult anyone who he even thinks has insulted him.  They’ve heard the hints at the possibility of his being tied to the mafia – both within the United States and Internationally.  And they have heard and seen how all of the greats and near greats who are greatly respected in the United States are now falling all over themselves to detach themselves from being seen as even passively supporting Donald Trump.

So why are there so many still in his camp?

Much of this support is coming from people who have been lied to – cheated – who have seen their hard earned money stolen from them by those within the system in what has been made to look like ways supported by our laws.  They understand the evils of this system in which we live better than those at the top or near the top who have benefitted from the ugly ways of those who pull the strings for the money to flow from the have nots to a handful of the haves who can then step out into the spotlight looking clean, honest and working for the people.  They have lived through some financial horror stories, which most people can’t or won’t believe and which no one is fixing.  Given that, it is totally possible to overlook Trump’s negatives and hope that their lives will be better because Trump will fix it.

Let me give you a few examples – real life examples in which we have been involved.  Having a Foundation you can use it in one of many ways.  One way is to give money to be able to take a 501(c)3 deduction on your income taxes.  Or, you can give money, take the deduction – which doesn’t mean a lot to you – but you take away what you really need, which is the feeling that you have helped those in need. (But you have not had to rub elbows with those in need the “Foundation” people have been hired to do that – and even the “Foundation” people keep themselves removed from the actual recipients.)  Or, you can get involved, personally with the people your Foundation is working to help and therein lies the path to depression, frustration, disbelief, the death of your idols and the ideology with which you were raised, and for many,  your belief in the religious structures in which you function  and more.

Let me tie into the Wells Fargo mess and give you an actual example.  Put yourself into this one persons’ place and then you will see Donald Trump in a very different light.

A Disclaimer:   We are not advocating that you vote for Trump.  That vote would only make things worse, because all of this pain and suffering we have seen would be brought into the light and done without the cover under which it now functions.  Under a Donald Trump administration the front under which all of this evil operates would be stripped bare and made totally legitimate and we would then have to function seeing evil with nothing shielding us from the seriously infected swamp in which it lives.

Back to WELLS FARGO:

Why fight such a giant?  What have they done?  You’ve heard the Congressional hearings.  You’ve read in the papers how President Stumpf has been forced to give back millions to the company. Lets take a  look at the human cost to John and Jane Q. Public:

Assume you have a mortgage with Wells Fargo.

That opens you up to some incredible financial games, created by greed which has created today’s billionaires.

How?

There are many ways – this is just one.

Given your mortgage, Wells Fargo people are now able to open your finances and look in – and from what we have seen, they do just that. What do they have to gain? If they cause you financial trouble across the street, then at home, you will be subject to fees and penalties because they have set up a situation in which you stumble.  If you fall, so much the better, they have everything.  If you just stumble, that’s not so bad and that’s ok too because their fees are high.  They benefit under either scenario.

One other way you are vulnerable to them is through their Wells Fargo Shareowners Service.  A seemingly small, innocuous bureaucratic division which seemingly is quite straight forward in what it is tasked to do.  A little bureaucratic place in this great giant that you probably don’t realize exists.  A little place that interacts with and can control your assets in larger corporations whom they serve.

They are the agents – handling the stock transactions for several large corporations – like Target Stores.  So, let us assume you have a Wells Fargo mortgage and you own Target stock.  Now, lets assume that stock was purchased through Targets Direct Purchase Plan.  What a benefit.  You can send the company small amounts of money to purchase their stock.  So you establish such an account for your children and over the years accumulate Target stock by sending them just a few dollars each month.

Those few dollars add up to a few thousands of dollars and on and on it goes.

Now comes the time you need to sell that stock.  So you contact the transfer agent and ask them to send you the forms necessary for you to sell the stock.  They refuse.  You call again.  They refuse again.  And so it goes. What does that do to you?  You live your financial life assuming this is an asset you can convert to cash in a matter of days – or at least in a matter of a month at the longest, given the excessive times bureaucracies take to work.

Finally – months later – after much time spent on many telephone calls,  you get the forms.  You fill them out and spend over $20 sending the forms back to them – the original forms – via overnight mail to insure they get where they are going and so you have a record and can trace anything that might go wrong with the mail.  And then you wait – and wait – and wait.  But, nothing happens. They received the correctly filled out forms the very next day.  How do you know the forms are correctly filled out?  Because you took them to a bank and to a stock broker friend and you and the banker and the stock broker filled them out.  The banker executing a couple of the forms, as required by Wells Fargo Shareowner Services.

What happens as you wait for your money to be transferred into the account you indicated on your forms?  NOTHING!

So weeks later, you call – not Target, but Wells Fargo Shareowner Services.  Two large corporate entities tied together via this kind of transaction.  These two corporations are also tied to tens of thousands of people with small amounts of money they have accumulated over years of sending their bits and pieces of money to purchase Target stock. There are other large corporate entities so tied together.  Without knowing this you would not connect something happening to you through Target, inc. with Wells Fargo.

An interesting fact, but nothing that bothers you at the time – checking out Target to decide whether to continue investing in them at a later date you discover there is no way to contact their Executive Offices.  You don’t need to, but it is curious that their CEO is totally enclosed and cut off from any and all people except those close to him.  No telephone, no email, no way for the public to reach them. And this is a publicly owned corporation?  So you put that aside for later review.

What happens with the stock you are trying to sell?  The Wells Fargo Shareowner Services Company knows nothing about you, nor the forms you sent to them, and you have to hold on the telephone for over 45 minutes and insist and prove you sent forms to them while they search for these forms they claim to have “LOST”?

Finally, when you produce your proof of mailing, they find the forms and assure you the stock will be sold and you will be sent the money.

And then?  You get a telephone call from someone else from Wells Fargo Shareowner Services days later to say your forms are being sent back to you because they are not filled out correctly.  You ask why?  The person on the telephone does not know.  You hold on the phone and when someone finally comes back – they don’t know either.

So you get the forms back – and your finances are becoming a mess because you were selling the stock for a reason – you need the money. You have a business to expand.  You have projects you have started that need more funding. You have people you have promised to help who need the help now!

And then the fun begins.  For months nothing happens and you go round and round – sending letters, making telephone calls, getting nothing.  And your money is still tied up in Target stock – which you cannot use as money – it is just, at this point, worthless. You can’t even sell the stock through another stock broker because you don’t have the stock certificates – Wells Fargo Shareowner Services holds those and won’t send them to you either.

An interesting side note – Target, inc. comes from Dayton-Hudson, a Minneapolis based corporation.  Back in the day, Dayton-Hudson was known to be part of an interlocking directorate with influence and no inhibitions on using that influence to manipulate individuals – among other possibilities.

And remember – back a few paragraphs – your mortgage is being held by Wells Fargo.  So, is this accidental with one having nothing to do with the other or is something else operating here!

And then your door bell rings.  It is a Chinese Real Estate Agent who is offering to buy your property, claims she understands that you need the money and she has a client who is willing to pay cash – at half the value of the property, in a hot real estate market, where half leaves you a few million dollars short of the real value of the property, but here is the next step in this evil and greed which strips people of everything financially in the end.  It is nothing you could conceive in a country which touts itself as good and other countries as evil or at best as not so good.

You turn down the real estate agent – and at first you are mystified as to why she comes to your door with such an outlandish offer.  You don’t have financial problems so what is she talking about!  The door is slammed with some anger because it is dawning on you that  there is a connection between this and what is going on with Target, Inc. and Wells Fargo.

This story has throw backs to Pontius Pilate all throughout.  He called for the bowl of water to wash his hands and symbolically wash away his guilt at what will be the unbelievably brutal killing of Jesus.  This story is a modern, institutional adaptation of that old, old story which many in this society are experiencing.  The symbols of the bowl of water with rag and soap have changed to new 21st century symbols of the same thing.

The realtor reappears in a few weeks.  This time, after you have called and written to Wells Fargo Shareowner Services a lot – gotten angry – done lots to get your stock sold so you can move on with your financial life..  None of which was effective, even almost two years later.  The Wells Fargo Shareowner Services door is solidly closed.  Their refusal to sell your stock is clearly a refusal and violates everything on which this society is built.  Wall Street could not function without the guarantee that you could convert your stock into cash within days.  So they are violating the very foundation of our economic system and with impunity.  Even contacting the SEC hasn’t helped.

You do get one foot in the door – so you think.  Wells Fargo has appointed someone to investigate this stock problem.  Who?  Someone from their mortgage department.  And who holds your mortgage?  Wells Fargo!

It doesn’t dawn on you what that means.  Your assumption is that this is the company process and the person appointed is probably someone they have trained and designated to head such investigations.  Dumb dumb – she is with the mortgage department.  What you discover in the process is that she does not have access to the people she needs to talk to, nor the records she needs to access to do an investigation.  So why was she chosen to head this investigation?  You gave her the right to access your records with Wells Fargo Shareowner Services Company in a three way telephone call with someone from Wells Fargo Shareowner Services Department, but months later you are told that was only for that particular telephone conversation.  When the three of you ended that telephone call,  so did that sham of an investigation.  Interestingly, you were not told that during the conversation – a conversation which was the initiation of the investigation.  In fact, you were led to believe the opposite – very specifically, that she would continue the investigation and get back to you with her findings.

After this “investigation” came to an end with no results and the mortgage person told you she was in mortgages and had no access to other departments – and you asked why was she assigned to head this “investigation” given those circumstances and you didn’t get a straight answer you realize you have been played. Played to your detriment and the company’s need to buy time to make sure you were becoming more and more financially destabilized.

And then comes the real estate agent again.  This time with an elderly Chinese gentleman to assure you there is a “buyer” who is willing to pay cash.  And, oh by the way, you are really too old to be saddled with owning such a large house.  And, oh by the way, we are willing to pay you half of what the house is worth.  And oh, by the way, you should be thrilled because that will allow you a very comfortable old age – you won’t have to work anymore. And for reasons that made no sense – her last ‘oh, by the way’ was did you get out for a walk today, you need to do that, you know.  With my mouth hanging open wide enough for bugs to fly in from the shock of this – she went on to say they understand we were having troubles with our mortgage and they came to help.  And where did they get this information – you ask?  And they answered – Wells Fargo!  So you throw them off your porch – because you were astute enough not to let them into your house.  And you thank God you were raised to control your anger and not revert to the most primitive kind of violence because this certainly is the point at which that would have happened if your family had not been so tenacious about raising someone who is -on the surface, at least – non-violent.

So the game continues.

Next up – Herb Chambers Automobile Sales and Honda Financial Services.

Because you have been put into this cash flow problem – you have to move assets around to have enough to make up the short fall from the money you expected from selling stock you legitimately own and have been assured, from all the federal statues, the traditions, the law which set in place the Securities and Exchange Commission,  that you would be able to sell and settle in four business days.  This is now over one and a half years later and even with constant telephone calls, letters, emails, the stock has not been sold.

In the process, your car note falls behind by 52 days because you were foolish enough to continue to expect the stock to be sold so you did not transfer assets needed to get all the things done you planned to do before this mess started.  You pay the car note by wiring money into the bank account of the Honda Financial Services Corporation and go about your business.  You have, after all, transferred the assets you need.  You will be fine for months – although your business will not have the money it needs to grow according to the plans you set for it.  You will have to take a little from here and there to make up for the personal financial problems you would have otherwise.  So you do that.

And  behold, arriving at your door is this huge truck to repossess your car.  Surely they are mistaken.  You owe nothing and the total balance due  on the car note is very miniscule.  Well, therein lies the problem.  If it were a huge car note owing – no problem and no one would bother you.  You would have been charged a $5 late fee, which you would pay happily because you know that was owed, but instead, here comes this truck to take away a car on which you have no monies overdue.

The truck driver is not fazed and does nothing because you have threatened him with theft, criminal trespass, fraud and a whole lot more.  So he steps away and waits for his bosses to tell him what to do.  He is clear that he is not going to risk being arrested.

As all of this happens you reflect back on a couple people you worked with in the past to help them save their cars from such a problem.  The total pictures of what they were going through was lost on you because you still had some trust in the system and how it worked.  The greed had not surfaced for you in all of its brilliant magnificence.  Even as you see this truck trying to take your car, the greed intrinsic in this still has not manifest itself.  This just seems like a bureaucratic mistake.

As this all plays out for you, the realization hits that the people you tried to help and who lost their cars did so because they became too afraid of the car company trying to repossess their cars.  And, they never lost the expectation that there was human decency and some honesty in all of this and no one would do to them what ultimately happened.  They were so wrong.

What all of the people you helped with their car problems had in common was a very small amount owing on their car and they were over 30 days past due on their current payment.  You gave them their note payment, which they made to the company, but they still lost their car even though when they lost it, their car payments were up to date.  How could that be?  It was a mystery then, but your faith in the system didn’t lead you to tear it apart to see what was wrong.  It was all revealed, however, with this experience.  The evil is overwhelming.  You can see it as it dances around the people with whom you are dealing – it is all bright and gold and shining unbelievably.  And you thought only good was bright and shining and full of light.  The society that helped raise you taught you that evil was all dark and suspicious and, well like Africans and here you were looking at evil bright and gold and shining unbelievably.  What a break through moment!

What was the difference between you and the people you tried to help?  You were calling the police to have this repossession guy arrested.  The people you moved to help were too afraid to do that and instead put their faith in the goodness of the company.  So they lost their cars.  And what happened to their cars?  With the balance owing on their car being under $3,000 and they having used the money you gave them to bring their monthly payments up to date and the car company demanding that they pay twice that because since they were behind and a repossession notice had been issued, their cars could not be released until the payment they had already made was made again. The fact that the car company had received their cash and put it in their bank account, but still demanded that the amount due – even though it had been paid – be paid again either by bringing cash to the company or sending cash via Western Union’s “Quick Collect” – those car owners were lost.  They didn’t have the car payment they were behind – we gave them that.  Once that was paid they were too ashamed to come back to us to ask for their car payment twice – they thought we would not understand and would think they were trying to game us.

So, being too ashamed to come back to us to ask for their car payment twice or to tell us what happened – something they didn’t understand and didn’t know how to explain, they just kept quiet and lost their cars.  Apparently, Honda Financial Services depended upon that and knew this was the normal outcome.

Once the car payment was made a second time – according to Honda Financial Services employees, – the cash received by them  would be refunded, their car would be released and everybody would be happy.  Since we had given folks the money to make the car payment, they clearly did not have money to pay it again and were too embarrassed to come back to us for more money so they lost their cars.  That part of the story we didn’t know and didn’t understand until now.

What happened to the cars?  With less than a $3,000 balance due – the cars were sold in the used car lot for over $10,000 and who made out with a substantial profit?  Not the original owner, because title was transferred away from them before the sale was made so they had no right to pay Honda what was due and keep the balance.

So, with no money to buy another car and with the car company having wrecked their credit – the car company experiences yet another dividend.   The people so negatively affected could buy another car from the same company – but they would have to pay very high interest and make two monthly payments – one for the downpayment, and one for the regular payment for the car.  A couple people we tried to help did that and nearly killed themselves in the process.  We lost track of them so we don’t know how that story ended.

But I am getting ahead of myself in this story.

What we experienced from Herb Chambers and Honda Financial Services was a demand for a second payment of the monthly car payment even though there was no payment due.  They tried shame; threats; acknowledged they had received the monies sent to them; that the account was not delinquent on any level; but they still demanded the amount due be paid again and even though they had received the cash which brought the account up to date, we would have to either bring them cash for that exact amount or send them a Western Union “Quick Collect” amount.  After they received that Western Union money or we brought them cash to their company, they would take the cash they had already received out of their account and, in due time, send it to us  as a refund.   They claimed this demand was legal.  It was amazing!  What they were demanding was totally illegal and as of today we have not received a refund nor has the second payment been credited to our account.  WOW!

We wanted an explanation as to why they could not keep the money already in their account – why they wanted us to bring them cash so they then could take the cash previously sent to them and received by them out of their account and send it to us as a refund.  It is the demand which made the people we helped lose their cars.  The expectation was that you would not be able to pay this second amount demanded because you had been late on the first payment.  So they were foaming at the mouth looking at a car that they could sell and make a very substantial profit on,for their company, showing they had done an excellent job.

They became so helpful at this point.  They would see to it that the car was returned as soon as we notified them this second payment had been made and they would do everything possible to make sure we would not have to wait a moment longer than necessary for the return of the car.  When we brought them this second payment they would contact the repossession company and have our car released immediately.  What they didn’t realize was that they didn’t have possession of the car throughout all of this because the car repossession guy had gone home without the car.  He got the message, did not want to be arrested, because he knew what he was doing was illegal.

We sent the second amount via Western Union because we wanted to follow this through to the end.  When we called to verify that the monies had been sent and received by them, according to Western Union, we couldn’t help but notice the disappointment and surprise in the voice of the person from Honda Financial Services with whom we spoke.

When we realized what the people we were helping had gone through and some were still going through,  it was beyond belief. It began to dawn on us the extent of  the fraud involved and how intimidating the people were who were practiced at this.  How many people have so suffered.  Most people have buckled under this kind of thing.  We tend to be mean and angry so we call out the police, the attorneys, the relevant governmental departments and agencies involved and everyone we know, to attack.

What makes this possible and why is it so widespread?  SHAME!  People are ashamed even when they are being ripped off

We have no shame.  We are outraged.  And unfortunately for those trying to rip us off, we were not broke – we simply had a transfer of assets problem and in that situation many are caught unawares that this is what happens to people who are actually in a financial bind.  Everything they have is taken away.  Stripped away with great glee.  It is amazing to see how unprincipled, how greedy, how many lies people will tell to strip another person of their money and assets.

What is even more alarming – the people doing the stripping don’t benefit from what they have ‘stolen’.  The company for which they work benefits.  And in that company, the people at the top of those companies benefit.  Those doing the stripping are simply allowed to keep their jobs and, in the evenings, to sit by the fireplace to watch the flames that will consume them when they die – and they will not even have had the benefits of the ill-gotten gains they made possible for others to enjoy.  A very few others, but others indeed.

This has been an experience we are going to push to the limits because this needs to stop.  We realize we won’t be able to stop it – its like using a small wooden fence to stop a tsunami, but we are not going to sit by and let that tsunami swamp everything without trying to stop it.

This experience did enlighten us as to why so many people are willing to overlook Trump’s negatives and support him.  They are looking for relief from an extremely oppressive system.  If you dig into the past of many Trump supporters you will find a situation much more dire than the one I have described to you because at some point, someone in their family has probably been made destitute by these machinations.

As for us – we are supporting Hillary Clinton.  Our more sane side has won and we realize that what we described will only be made worse by someone like Donald Trump coming into office.  We are sure he has had enough experience to know how to take advantage.  What those supporting the “Don” don’t realize is that he has done some of what I described above.  Not the same particulars, but in his own corporate way he has made many people destitute – many others have lost their businesses because of his greed and on and on and on.  But those who have gone through this kind of thing are looking for a way out and someone to come to their aid and they see that someone as Donald Trump.

Clear your eyes people.  He will only make a bad scene worse.

We don’t know where the solution lies, but we are going to continue to move the needle and do what we can to expose and stop these scams – thefts – destructions – horriblenesses of this system out of control.  It is time for that 1% to get real and do something to level the playing field instead of stealing all the turf and exposing the swamp underneath.

Wasn’t it an emperor of Russia who had a wonderful life until the peasants revolted?  And the king of France? And many others, who were so busy ripping off their citizens that they didn’t realize they had gone too far until the ax fell on their heads wielded by the very citizens whose economic and financial lives they were destroying.

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Everything talked about in this blog and in any other blog in the Bettina Network, inc. is the opinion of the person who wrote the blog and does not necessarily represent the opinions of Bettina Network, inc. It is the property of Bettina Network, inc. and/or the person who wrote the original blog.

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