GOP backed Banks the real job killers. Family Restaurant forced to Close.

It occurred to me after reading the following story that Obama's Affordable Care Act isn't shutting down businesses, it’s the GOP’s biggest supporters…the banks. Yeah, the ones American’s bailed out.

The horror story started with an illness, and the owner falling behind on his bank payments. Instead of working something out, the bank foreclosed. It’s business, take a hike. Maybe depositor's should too.

The Mount Pleasant Patch: After nearly 60 years of serving Racine, Dino's Restaurant will close its doors at the close of business on Sunday.

Dino Dominici opened the restaurant at the corner of 16th Street and Phillips Avenue in 1955. Now 82, he said it feels terrible to see his life's work closing. "I've been here for 58 years, paying the bills and now the bank doesn't want to work with us," he said. "We're doing good business and we have good customers."

Dominici said the trouble began over two years ago when he had to have open heart surgery and couldn't keep up with the payments. When he was on the mend, the family tried to get the bank - Tri-City National Bank - to work with them, but the family couldn't meet the cash requirement.
Dave Ferderer, Dominici's grandson, told Patch Monday that the business is going through foreclosure despite an agreement that the bank would own the building and the restaurant would lease. Then, he said, he got a call from the family's lawyer saying the deal was a bust and foreclosure proceedings would commence.

"We started going through this two years ago, trying to get them to work with us, but they just wouldn't," he said. "For some reason, they'd rather see an empty building than give a local business another chance."

Dominici's daughter - and Dave's mom - Rosalie Ferderer said several times during an interview with Patch Monday that she can't believe the restaurant is closing after all these years. "I just can't talk about it," she said, wiping tears. "I worry about what will happen to our employees and the shut-ins who rely on us for food. It feels like my heart is being ripped out." Dominici shrugged and agreed. "This feels terrible," he said.

For Dave, the hardest part of closing is thinking about where his employees will go. "My chef has been here for 30 years, I see him every day," he continued. "And other employees, too. Chris Myhre, an assistant manager, has been with the restaurant for 16 years. her voice waivered and cracked occasionally during our conversation.

"We found out last week," she said, referring to when Ferderer broke the news. "And it hurts, to be honest. This is more than a job. I've worked here for 16 years, and this is my family."

Banks can come and take your Home away! Hey, Let's make government smaller?

As the tea party movement tries to hand everything we have over to private industry, all the while defending property rights (no one said they were smart), big money has other plans for you and your home.

Note: Republicans are big on “certainty” for business, but they’re less than enthusiastic about making their constituents feel certain. Like the bank or mortgage company taking your home...because they can.

Now, it looks like none of us can be certain about living in our own homes. Think I’m kidding? We've actually managed to get to this point, where banks are now saying they can do anything:  

rTV6: A Hamilton County (Indiana) family is taking legal action after they were locked out of their Carmel townhouse.

Michael’s family (in) April decided to move to a bigger home and rent out their townhouse. (One day) Michael found their townhouse was locked and the utilities were turned off. "Our lender changed the locks on us," Michael said.

A notice was left: alerted the family that, "all persons entering this property (must) provide an explanation of their visit, sign and date the form." Michael was locked out, even though his bank statements show he is current with his mortgage and his loan doesn't mature until 2033.

The family hired lawyer Kathy Davis to deal with their mortgage servicer Green Tree Financial.

"The woman told me -- this is something that I will never forget, honestly -- she told me that they were the mortgage company, and if they wanted to change your locks, they could," Davis said. Davis has handled more than 100 cases involving mortgage companies. "This is something I have never heard of, ever," she said. "(It's the) first time I've seen something like this." 

Davis has filed a lawsuit in Hamilton County seeking damages. Green Tree Financial and Safeguard Properties declined to comment on this story due to the pending litigation.

The Call 6 Investigators found foreclosure fiascos that caused headaches and heartaches around the country. In 2009, a Kansas City, Kan., man was notified his home was in foreclosure though he was current and his loan was up in 2032.

In 2010, a Fort Lauderdale, Fla., home was foreclosed even though the owner did not have a mortgage.

Big Bank lobby outraged, want our sympathy? They say member owned non-profit Credit Unions dodging taxes. They're not kidding!!!

Let’s see now, big bank CEO’s rake in millions each year charging customers billions in fees and penalties, and then get huge bonuses for their efforts. Like the ABC News story wrote:

“…banks got a bad rap during the financial crisis for their part in risky mortgage lending and for fees that many consumers view as unnecessarily greedy.”

Member owned credit unions don’t have that rap and are non-profit.

Banks and their high paid lobbying groups are now telling us to be “outraged” that our credit unions are tax exempt. Feeling the banks pain yet?

Wisconsin Bankers Associations: Taxpayers should be outraged that Wisconsin may soon have its eighth billion dollar credit union. Pioneer Credit Union and Capital Credit Union have agreed to merge, creating yet another megacredit union that won’t be paying any income tax to the state. That means the average taxpayer will pay more in income tax than these billion dollar institutions. This new credit union will also be larger than 98 percent of the tax-paying banks in the Wisconsin.

Cry me a river. Banks, not credit unions cause the global economic crash, so…it’s time to feel sorry for the banks? Good luck with that.

Iran's solution to Banksters...

Presidential Friends in Banking Get Death Penalty!

JP Morgan may be gouging electric customers and businesses by manipulating electricity.

Wanna get government off the backs of business, and let freedom and liberty ring?

Republican candidates and Mitt Romney say deregulation is the way to go. Heck, they know what they’re talking about, because many of them have been corporate executives themselves, right?

Oh, didn’t they tell you, you’ll be paying a lot more of your hard earned money to those same deregulated corporations, because...well, that’s capitalism. Go tea party.

In Wisconsin alone...

Financial Times: The US electricity regulator has subpoenaed JPMorgan Chase twice in the past three months investigating whether the bank manipulated power markets in California and the Midwest region.
The Federal Energy Regulatory Commission said the bank’s bidding practices may have inflated electricity costs by at least $73m.

Remember “the California energy crisis of 2000-01, when Enron and other traders were accused of rigging supplies and causing blackouts.”

FERC has in the past year alleged Barclays and Deutsche Bank manipulated electricity markets and has compelled Constellation Energy to pay $245m to settle another case.

JPMorgan is already under intense scrutiny since (they experienced) $2bn in trading losses related to credit derivatives.

The bank’s commodities business owns or has rights to output from several electric generators (and may have) extracted “inflated” or “excessive” payments from two wholesale power markets serving California and several Midwest states..

This manipulation, and inflated payments, are ultimately paid for you and me, "businesses and government entities that are the end consumers of electricity,” the FERC wrote.

Anybody for deregulation? That’s what the Republicans are running on. 

Big Banks Congratulates Walker. Hey, weren't they the ones who tank the economy?

Big banks like Walker’s win, with this blatant admission that they will be a part of his government by suggesting “potential legislative concepts.”

Statement by Rose Oswald Poels, Wisconsin Bankers Association president/CEO on the election results. “By any measure, last night was historic and the Wisconsin Bankers Association congratulates Governor Scott Walker on his victory. Moving forward, Wisconsin's banks are committed to helping the Governor and our state’s businesses and families grow the economy. We are optimistic WBA will continue to work on some of the biggest potential legislative concepts, including workforce development and training as well as economic development.

Canadian Harris Bank Forecloses on 52 Reedsburg business Owners for No Reason. Where's Walker?

It looks like Canada’s Harris Bank isn’t much different than the ones here in the U.S... For no reason, dozens of Reedsburg businesses are out of luck, and maybe out of business. This is almost unthinkable…and the Walker administration is missing in action. Channel3000:

Dozens of Reedsburg area business and property owners said Monday they are facing foreclosure even though many have never missed a mortgage payment. The move will force many owners to downsize their operations, but BMO Harris Bank's decision is perfectly legal, mortgage experts said.

Dave Gonzalez's flag-making company in Reedsburg is safe because it's financed at a different bank, but his nonprofit church in Lake Delton is in jeopardy because it didn't make enough money. As many as 52 owners face losing their property, sources in Reedsburg told WISC-TV. One confirmed he was laying off some employees, while another had already moved to a new facility.

The widespread foreclosure decisions will be a burden on Reedsburg's economy, said Dave Estes, the city's mayor.

The decision comes after BMO Harris, a subsidiary of the Canadian lender Bank of Montreal, took over the assets of The Reedsburg Bank. A bank spokesman declined to answer why the lender was removing from its books businesses that hadn't missed payments.

Gonzalez, whose church has 250 members and reaches people statewide on TV, said he was shopping for another lender to continue his church property loan.

Is this just another example of Walker's "It's Working" campaign?