Posts tagged senior citizens

JP MORGAN CHASE: DON'T EVICT 78-YEAR OLD DISABLED GRANDMA SUSIE

In 1991, my mother Susie Johnson, now 78 years old, moved into her house in Orange, NJ. She instantly fell in love with the home and the neighborhood, frequently hosting barbeques and spending her days sitting on her front porch talking to neighbors.

In 1996, after she had been renting the home for five years, a representative of Homeside Lending knocked on her door, and asked her if she would be interested in purchasing the house. All her life, my mother had talked about wanting to accomplish two goals- going to college and owning her own home. She had already achieved the first goal, and now here was her opportunity to fulfill the second. She took out a mortgage with Homeside Lending and bought the house for $65,000, claiming her own piece of the “American Dream.”

My mother took pride in her home, faithfully paying her mortgage on time every month, and investing her own money to fix it up. Then suddenly, in February 2003, she received a notice from Washington Mutual Bank, returning her payment for that month and notifying her that she was in default, claiming she had not paid since October 2002. This was the first time she had received anything from Washington Mutual, who had apparently taken over her mortgage from Homeside and was now the servicer of her loan. At their instruction, my mother sent in copies of the missing payment receipts to Washington Mutual, attempting to reconcile the situation. Despite this, Washington Mutual filed for foreclosure claiming she was delinquent on her loan, even though until that time she had never missed a payment.

Her attempts to fight them in court failed, as the judge disregarded most of the evidence and granted them the right to evict anyway. In the meantime, John Stolarenko, the former president of Eastwood Mortgage Bankers who signed my mothers original loan documents, was convicted of mortgage fraud and served 10 months in prison. JP Morgan Chase took over the loan, and picked up where Washington Mutual left off, pushing forward with their attempts to evict my mother and take her home.

Over the years, I have watched my mother’s health deteriorate as the stress of the foreclosure has taken it’s toll. She has lost weight, and now suffers from anxiety and depression. Instead of sitting on the porch or hosting barbeques, she has become reclusive, afraid of answering the door for fear that it will be the sheriffs there to put her out on the street. We’ve watched as our community has been devastated by the housing crisis, while banks like JP Morgan Chase cash in on their crimes.

On January 1, my mother will be 79 years old. It’s time for JP Morgan Chase to do the right thing and give her home back to her for good so she can reclaim her dignity and go back to living her life in peace.


On May 31, the Social Security Board of Trustees submitted its annual report to members of Congress and the White House, which concluded that Social Security “does not face an immediate crisis,” as noted by the Center on Budget and Policy Priorities’ summary of the report. The report recommends that lawmakers prudently address long-term solvency concerns, but need not immediately adopt deep benefit cuts.
The Economic Policy Institute argued, contrary to most news coverage, that the challenges facing Social Security are “modest and manageable.” Nobel Prize-winning economist Paul Krugman had a similar reaction to the latest Social Security report, noting “the system will be able to pay most of its scheduled benefits as far as the eye can see.” Krugman also recognized the irrationality of arguments made by those who claim to want to save Social Security from eventual collapse:

The risk is that we might, at some point in the future, have to cut benefits; to avoid this risk of future benefit cuts, we are supposed to act pre-emptively by…cutting future benefits. What problem, exactly, are we solving here?



(via Media Coverage Of Social Security Ignores Proposals That Assist Beneficiaries | Blog | Media Matters for America)

On May 31, the Social Security Board of Trustees submitted its annual report to members of Congress and the White House, which concluded that Social Security “does not face an immediate crisis,” as noted by the Center on Budget and Policy Priorities’ summary of the report. The report recommends that lawmakers prudently address long-term solvency concerns, but need not immediately adopt deep benefit cuts.

The Economic Policy Institute argued, contrary to most news coverage, that the challenges facing Social Security are “modest and manageable.” Nobel Prize-winning economist Paul Krugman had a similar reaction to the latest Social Security report, noting “the system will be able to pay most of its scheduled benefits as far as the eye can see.” Krugman also recognized the irrationality of arguments made by those who claim to want to save Social Security from eventual collapse:

The risk is that we might, at some point in the future, have to cut benefits; to avoid this risk of future benefit cuts, we are supposed to act pre-emptively by…cutting future benefits. What problem, exactly, are we solving here?

(via Media Coverage Of Social Security Ignores Proposals That Assist Beneficiaries | Blog | Media Matters for America)

AARP is holding back-room meetings to strategize with Social Security opponents
The Huffington Post reports that AARP CEO Barry Rand is inviting outspoken safety net opponents to an “off-the-record, salon style” meeting on March 27th on the future of social security, called The E Street Exchange, including US Chamber of Commerce Tom Donohue, Merrill Lynch Executive Harold Ford Jr. and former MI Gov. John Engler from the Business Rountable for corporate CEO’s.
Once again, AARP is working behind the scenes to build support for benefit cuts while masquerading about as an ardent defender of the safety net to its massive, dues-paying membership.
This is outrageous, and AARP should immediately call off the event and disavow this shameful attempt to throw its weight behind benefit cuts. Can you join us in demanding AARP CEO Barry Rand cancel the back-room E Street Exchange meeting on cutting social safety net benefits?
If you are an AARP member, you should sign this petition because AARP is working behind the scenes with prominent advocates of benefit cuts like raising the retirement age. Please be sure to let us know you’re an AARP member by checking the appropriate box on the petition form.
If you are not an AARP member, you should sign this petition because with over 40 million members and billions of dollars at its disposal, AARP wields phenomenal influence on this issue and where they stand could ultimately impact your future benefits. This is just the latest in a series of attempts over the years to get AARP’s massive clout behind ‘changes’ to Social Security and Medicare, and we have to keep fighting back.

AARP is holding back-room meetings to strategize with Social Security opponents

The Huffington Post reports that AARP CEO Barry Rand is inviting outspoken safety net opponents to an “off-the-record, salon style” meeting on March 27th on the future of social security, called The E Street Exchange, including US Chamber of Commerce Tom Donohue, Merrill Lynch Executive Harold Ford Jr. and former MI Gov. John Engler from the Business Rountable for corporate CEO’s.

Once again, AARP is working behind the scenes to build support for benefit cuts while masquerading about as an ardent defender of the safety net to its massive, dues-paying membership.

This is outrageous, and AARP should immediately call off the event and disavow this shameful attempt to throw its weight behind benefit cuts. Can you join us in demanding AARP CEO Barry Rand cancel the back-room E Street Exchange meeting on cutting social safety net benefits?

  • If you are an AARP member, you should sign this petition because AARP is working behind the scenes with prominent advocates of benefit cuts like raising the retirement age. Please be sure to let us know you’re an AARP member by checking the appropriate box on the petition form.
  • If you are not an AARP member, you should sign this petition because with over 40 million members and billions of dollars at its disposal, AARP wields phenomenal influence on this issue and where they stand could ultimately impact your future benefits. This is just the latest in a series of attempts over the years to get AARP’s massive clout behind ‘changes’ to Social Security and Medicare, and we have to keep fighting back.
When next year’s election comes around, it looks like the so-called silent generation β€” those who are now 66 to 83 years old β€” won’t be so silent. A new report shows that this group is angrier with politics right now than any other generation in the U.S., and that is prompting it to pay close attention to the 2012 presidential election.

Its members express “not just frustration with Washington but real anger,” says Andrew Kohut, president of the Pew Research Center. “Thirty percent of them say, ‘I’m angry.’ If you look at the youngest voters, it’s only 13 percent.”


While the silent generation identifies closely with Republicans, Kohut says there is one issue that’s a wild card: Social Security. The generation’s members are big supporters of it and Medicare and they’re as likely to favor Democrats on this issue as they are Republicans.

They don’t give a damn about the future, they only give a damn about the here and now. They are counting on being dead when the check comes: forget about jobs, never mind decaying infrastructure in our world, your student loan problems aren’t theirs.

As screwed up as our electoral system is, you still have to vote, even if it is to nullify their petulant, self-serving votes.

NPR