Daily Archives: May 19, 2015

79 Members Of Congress Have Been In Office For At Least 20 Years

Submitted by Michael Snyder via The End of The American Dream blog,

No wonder Washington never changes – 79 members of Congress have been there since Bill Clinton’s first term in the White House.  This list includes names such as Reid, Feinstein, McConnell, McCain, Pelosi, Boehner, Rangel and Boxer.

In this article, I am going to share with you a complete list of the members of Congress that have been “serving” us for at least 20 years.  They believe that they are “serving” us well, but without a doubt most Americans very much wish that true “change” would come to Washington.  In fact, right now Congress has a 15 percent approval rating with the American people, and that approval rating has been consistently below 20 percent since mid-2011.  So of course we took advantage of the 2014 mid-term election to dump as many of those Congress critters out of office as we possibly could, right?  Wrong. Sadly, incumbents were re-elected at a 95 percent rate in 2014.  This just shows how broken and how corrupt our system has become.  The American people absolutely hate the job that Congress is doing, and yet the same clowns just keep getting sent back to Washington again and again.

Our founders never intended for service in Congress to become a career, but that is precisely what it has become for many of our “public servants”.  As of this moment, there are 79 members of Congress that have been in office for at least 20 years, and there are 16 members of Congress that have been in officefor at least 30 years.

No wonder so many Americans are advocating term limits these days.  When there are dozens of members of Congress that know that they are going to be sent back to Washington over and over again no matter how the American people feel about things, that can cause them to become extremely callous toward the will of the people.  Instead, often these politicians become increasingly responsive to the needs of their big donors, because it takes big money to win campaign after campaign.  I am sure that if George Washington, John Adams and Thomas Jefferson were running around today, they would be absolutely disgusted by how our system has evolved.

The following is a list from rollcall.com of the Republicans in the U.S. Senate that have served for at least 20 years and the dates when they first took office…

  • Orrin G. Hatch, Utah Jan. 4, 1977
  • Thad Cochran, Miss. Dec. 27, 1978
  • Charles E. Grassley, Iowa Jan. 5, 1981
  • Mitch McConnell, Ky. Jan. 3, 1985
  • Richard C. Shelby, Ala. Jan. 6, 1987
  • John McCain, Ariz. Jan. 6, 1987
  • James M. Inhofe, Okla. Nov. 30, 1994

The following is a list from rollcall.com of the Democrats in the U.S. Senate that have served for at least 20 years and the dates when they first took office…

  • Patrick J. Leahy, Vt. Jan. 14, 1975
  • Barbara A. Mikulski, Md. Jan. 6, 1987
  • Harry Reid, Nev. Jan. 6, 1987
  • Dianne Feinstein, Calif. Nov. 4, 1992
  • Barbara Boxer, Calif. Jan. 5, 1993
  • Patty Murray, Wash. Jan. 5, 1993

The following is a list from rollcall.com of the Republicans in the U.S. House of Representatives that have served for at least 20 years and the dates when they first took office…

  • Don Young, Alaska March 6, 1973
  • Jim Sensenbrenner, Wis. Jan. 15, 1979
  • Harold Rogers, Ky. Jan. 5, 1981
  • Christopher H. Smith, N.J. Jan. 5, 1981
  • Joe L. Barton, Texas Jan. 3, 1985
  • Lamar Smith, Texas Jan. 6, 1987
  • Fred Upton, Mich. Jan. 6, 1987
  • John J. Duncan Jr., Tenn. Nov. 8, 1988
  • Dana Rohrabacher, Calif. Jan. 3, 1989
  • Ileana Ros-Lehtinen, Fla. Aug. 29, 1989
  • John A. Boehner, Ohio Jan. 3, 1991
  • Sam Johnson, Texas May 18, 1991
  • Ken Calvert, Calif. Jan. 5, 1993
  • Robert W. Goodlatte, Va. Jan. 5, 1993
  • Peter T. King, N.Y. Jan. 5, 1993
  • John L. Mica, Fla. Jan. 5, 1993
  • Ed Royce, Calif. Jan. 5, 1993
  • Frank D. Lucas, Okla. May 10, 1994
  • Rodney Frelinghuysen, N.J. Jan. 4, 1995
  • Walter B. Jones, N.C. Jan. 4, 1995
  • Frank A. LoBiondo, N.J. Jan. 4, 1995
  • Mac Thornberry, Texas Jan. 4, 1995
  • Edward Whitfield, Ky. Jan. 4, 1995

The following is a list from rollcall.com of the Democrats in the U.S. House of Representatives that have served for at least 20 years and the dates when they first took office…

  • John Conyers Jr., Mich. Jan. 4, 1965
  • Charles B. Rangel, N.Y. Jan. 21, 1971
  • Steny H. Hoyer, Md. May 19, 1981
  • Marcy Kaptur, Ohio Jan. 3, 1983
  • Sander M. Levin, Mich. Jan. 3, 1983
  • Peter J. Visclosky, Ind. Jan. 3, 1985
  • Peter A. DeFazio, Ore. Jan. 6, 1987
  • John Lewis, Ga. Jan. 6, 1987
  • Louise M. Slaughter, N.Y. Jan. 6, 1987
  • Nancy Pelosi, Calif. June 2, 1987
  • Frank Pallone Jr., N.J. Nov. 8, 1988
  • Eliot L. Engel, N.Y. Jan. 3, 1989
  • Nita M. Lowey, N.Y. Jan. 3, 1989
  • Jim McDermott, Wash. Jan. 3, 1989
  • Richard E. Neal, Mass. Jan. 3, 1989
  • José E. Serrano, N.Y. March 20, 1990
  • David E. Price, N.C. Jan. 7, 1997 Also served 1987-95
  • Rosa DeLauro, Conn. Jan. 3, 1991
  • Collin C. Peterson, Minn. Jan. 3, 1991
  • Maxine Waters, Calif. Jan. 3, 1991
  • Jerrold Nadler, N.Y. Nov. 3, 1992
  • Jim Cooper, Tenn. Jan. 7, 2003 Also served 1983-95
  • Xavier Becerra, Calif. Jan. 5, 1993
  • Sanford D. Bishop Jr., Ga. Jan. 5, 1993
  • Corrine Brown, Fla. Jan. 5, 1993
  • James E. Clyburn, S.C. Jan. 5, 1993
  • Anna G. Eshoo, Calif. Jan. 5, 1993
  • Gene Green, Texas Jan. 5, 1993
  • Luis V. Gutierrez, Ill. Jan. 5, 1993
  • Alcee L. Hastings, Fla. Jan. 5, 1993
  • Eddie Bernice Johnson, Texas Jan. 5, 1993
  • Carolyn B. Maloney, N.Y. Jan. 5, 1993
  • Lucille Roybal-Allard, Calif. Jan. 5, 1993
  • Bobby L. Rush, Ill. Jan. 5, 1993
  • Robert C. Scott, Va. Jan. 5, 1993
  • Nydia M. Velázquez, N.Y. Jan. 5, 1993
  • Bennie Thompson, Miss. April 13, 1993
  • Sam Farr, Calif. June 8, 1993
  • Lloyd Doggett, Texas Jan. 4, 1995
  • Mike Doyle, Pa. Jan. 4, 1995
  • Chaka Fattah, Pa. Jan. 4, 1995
  • Sheila Jackson Lee, Texas Jan. 4, 1995
  • Zoe Lofgren, Calif. Jan. 4, 1995

This Former Bank Regulator Quit His Job to Fight For His House

Eric Mains is fulfilling a dream many Americans have had since the onset of the financial crisis seven years ago: He’s attacking fraud in the banking industry as aggressively as he can, using every possible tool under the law to achieve justice —and win some money back for himself.

Mains, a former team leader with the Federal Deposit Insurance Corporation (FDIC), has become so bitterly embroiled in a six-year dispute with his mortgage lender that he left the regulatory agency, fearing that he might have to eventually name it as a defendant in a federal lawsuit. He’s one of a small yet determined band of people still fighting foreclosure (the seizure of property) cases with obscure and sometimes arcane arguments, built on a simple yet mind-blowing premise: The true ownership of millions of mortgages issued during the housing bubble was fatally corrupted, and now it’s impossible to prove who actually legally controls those mortgages.

Recent Supreme Court precedent suggests that by rescinding his mortgage—canceling it, basically—Mains and people like him can put the onus on banks to prove they have the right to assets like his house in the first place. If Mains or his allies succeed, they would rip open a wound that virtually everyone in power has tried to stitch up and forget. But such a long-awaited victory wouldn’t make up for the years of stress and personal hardship Mains has suffered, including a failed marriage and now the end of his career in public service.

“I had to ask myself a question: Will I do this no matter if it hurts?” Mains told me. “I said yes. If I can afford to fight these suckers and bring this illegality to light, that’s why I went to law school.”

Read on.

Here is the lawsuit. Click here.

Ex-JPMorgan Exec Claims He Was Fired For OKing Settlement

Law360, New York (May 18, 2015, 10:14 PM ET) — A former JPMorgan Chase & Co. executive has filed a lawsuit in Pennsylvania accusing the financial giant of firing him after he advanced a settlement in a high-profile New Jersey housing discrimination case that could have cleared a major regulatory hurdle for the banking industry had it proceeded to the U.S. Supreme Court.

In a wrongful termination lawsuit filed Monday in Philadelphia Common Pleas Court, Wayne Trotman of New Hope, Pennsylvania, claims that unsubstantiated poor reviews, a bonus cut and his abrupt dismissal in 2014 followed…

Source: Law360

Argentine court bars Citibank from exiting custody of disputed bonds

An Argentine court on Monday ordered Citibank Argentina not to take any further steps toward quitting its role as custodian of some Argentine sovereign bonds while a row with U.S. creditors over unpaid debt rages on, the government said.

President Cristina Fernandez’s government announced last month it was suing the local subsidiary of Citigroup Inc for striking an illegal deal with a group of New York-based hedge funds fighting for full payment on defaulted debt.

Citigroup has portrayed itself as an innocent party sucked in the center of Argentina’s bitter legal battle with the funds, forced to choose between processing interest payments in defiance of a U.S. court or not processing payments and putting its ability to do business in Argentina at risk.

Read on.

US Bank, Bank of America win dismissal of mortgage claims

U.S. Bancorp (>> U.S. Bancorp) and Bank of America Corp (>> Bank of America Corp) won a dismissal of claims in lawsuits accusing them of breaching their duties as trustees for residential mortgage-backed securities that suffered losses tied to the global financial crisis.

The dismissals came in three decisions late Monday by U.S. District Judge Katherine Forrest in Manhattan.

In the first, Forrest rejected an attempt by funds from BlackRock Inc (>> BlackRock, Inc.), Allianz SE’s (>> Allianz SE) Pacific Investment Management Co and TIAA-CREF to hold US Bancorp liable for alleged defects in 843 RMBS trusts collateralized by $778.6 billion of loans, causing tens of billions of dollars of losses.

Read on.

Cash flow to Florida’s foreclosure courts is being cut off

PostNOW

012315-foreclosure-6 Senior Judge Richard B. Burk presides over foreclosure court Thursday, January 22, 2015. (Lannis Waters / The Palm Beach Post)

Florida’s foreclosure courts have been getting an extra allowance the past two years to expedite cases, but the cash flow is about to be cut off.

More than $21 million budgeted in 2013 to add judicial manpower to the bench expires June 31.

Without the added cash, attorneys are predicting a mixed bag of confusion as cases are transferred to different divisions, but also benefits to homeowners who may get a single judge dedicated to their case.

“The legislature gave us enough money to get to the five-yard line, but it would have been nice to get across the goal line,” said Palm Beach County Chief Judge Jeffrey Colbath.

Still, Florida’s once overflowing foreclosure system has tamed its backlog. Statewide, just 109,706 foreclosures were pending in January, a 66 percent…

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