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Homeowners Bill of Rights May Go the Way of the 48 State Settlement

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By Sherry Hernandez, Author and Member of Occupy San Pedro

When the US housing market tanked in 2008, former Federal Reserve chairman, Alan Greenspan admitted “that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending.”

You would hope that by year four of dealing with the fallout from the financial sector’s hubris that some of Greenspan’s newfound humility would have spread throughout the industry. Apparently it has not.

Foreclosure Workshop for the 99%

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On June 16, Occupy San Pedro is hosting a workshop to assist homeowners that are either in the pre-forclosure process or beyond, and struggling to make onerous mortgage payments. The workshop is intended to not only provide information and direct troubled homeowners to resources, but also function as a support group for homeowners dealing with the same issues. The workshop is from 9a.m. to 2p.m. and it’s free. 

Public Interest Journalists Expose Mortgage Settlement Bait and Switch

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On May 22, Propublica published a story highlighting how states are spending the $26 billion the states won as a result of negotiations between the nation’s state attorney generals and the nation’s biggest banks to forestall the massive number of lawsuits were facing as result of bank malfeasance leading millions of foreclosures and the financial crisis that plummeted the nation into a deep recession.

After the Settlement Settles…

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By Sherry Hernandez, Author and Member of Occupy San Pedro

Originally published in the Feb. 23, 2012 edition of Random Lengths News

Legend has it the Europeans purchased Manhattan for $24 worth of beads and mirrors almost 400 years ago. On Feb. 9, the U.S. Attorney Generals sold out the American people for $26 billion dollars to the banks that have defrauded our American dream.

The terms of the settlement has not yet been officially released. The terms need to be signed off by a judge and the results might not be in effect for more than a year. What this means to the home buyers is that the banks will escalate their foreclosures while they still can. Most of us will not see any relief for quite some time and others have already lost their homes and future revenue. The banks that brought on this massive fraud are getting by with a slap on the wrist. The $26 billion dollars is a paltry sum for causing the American people more than $700 billion in underwater debt.

Why Haven’t You Paid Your Mortgage?

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By Sherry Hernandez, Author and Member of Occupy San Pedro

An Excerpt of the is was originally published in Random Lengths News, Jan. 26, 2012

I sat in the lawyer’s office in the chair across from his massive desk as he asked me “that” question. “Are you behind on your mortgage now?”

“Yes,” I answered.

He raised a disapproving eyebrow as he looked down at the papers on his desk and shuffled them around.

I’m used to this response. People who didn’t buy a home during these years don’t understand.

In the past, these stories had been about lost jobs and poor planning, but today most of the stories involve some dishonesty on behalf of the lenders. And, because lenders have established a reputation over the years of operating with integrity, people have a hard time believing that they are capable of this degree of duplicity.

Harbor Currents–Family Fun–June 1, 2012

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June 2
National Trails Day
Help repair the trails that thousands of people enjoy each year between 9 a.m. and 12 p.m.
Details: (310) 541-7613; http://www.pvplc.org/_lands/portuguese_bend.asp
Venue: Portuguese Bend Reserve
Location: Park Place Rd., Rancho Palos Verdes (Entrance at Del Cerro Park)

Buddha is Big at Baramee

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By Gretchen Williams, Lifestyle and Cuisine Writer

“Chaos is inherent in all compounded things.  Strive on with diligence.”— Buddha

Escape the chaos and noise of downtown when stepping into Baramee, the new Thai restaurant at home in the old 6th Street Bistro location.  Calm and serenity reign at Baramee, with a frieze of Buddha and his brothers crowning one wall, opposite original aged brick.  Quiet music continues the calm feeling.  Dining al fresco on the patio, protected by sails overhead, is lovely in the spring and summer.

Driver Ed turned up the music (continued)

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By Matt Sharar

Pacing the wharf, Ed thought on his current choice of profession.  Being stoned, however, he digressed. Digressions were good, as long as he didn’t turn a blind corner into the Lair of His Premonition Demon, as Occula had called it in her reading profile.

Instead Ed thought of the stable of animals the troupe carted with them on tour: horses and goats, and only one lion, as Circus Venus, though the third biggest of the circus companies, fell at the bottom of the totem pole (next to Barnum & Bailey’s and that modern French conglomerate that sold thousand dollar items in an anteroom).  (Circus Venus also sold items in an adjoining tent, though nothing breeched the fifty dollar range.)  Even further down the evolutionary scale, dwelled Venus’ concession stand, bursting with clouds of cotton candy, which fetched thirteen dollars at the French Fantasmagoria.

Iowa Fever

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Have You Caught it Yet?

By Terelle Jerricks, Managing Editor

Update: This story gives attribution to Robert Kent, the president of Pacific Battleship, the line about the Gray Panthers donating a welder. 

If you live or work in close proximity to San Pedro, there’s a good chance you have caught the fever… the fever for the USS Iowa that is. The fever has been slowly spreading since 2010, but with the arrival of the 60-year-old battleship and its official opening a month away, the fever is now approaching epidemic proportions.

The fever isn’t a necessarily a bad thing. Anti-war pacifist or not, one of it main side effects of the fever is a hopeful optimism  that the USS Iowa’s arrival will mean good things for San Pedro as this town pursues its goal of becoming a tourist destination and place where jobs are plentiful.

“I’m very excited,” President of Jericho Development and San Pedro resident, Alan Johnson said. “It’s going to be a very good for the town… I know a ship like that will bring people from the larger Los Angeles area for years to come.”

Harbor Interfaith Services Set to Move into New Home

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Executive Director/CEO Tahia Hayslet of Harbor Interfaith Services at the new Family Resource Center

By Terelle Jerricks, Managing Editor

Tahia Hayslet, executive director and CEO of Harbor Interfaith Services spoke excitedly about the features of the newly built facility the service organization will be officially moving into on June 10. Comprised of 15,000 square feet that includes the family resource center, a conference room, a computer lab and small playground for toddlers. But Hayslet, is really excited about the extra bathrooms.

“Before, we only had one bathroom for all of us and the clients, so we got to know each other really well,” Hayslet jokingly said.