SILVAR breakfast meeting. Larry Stone #1 of 3
SILVAR breakfast meeting. Larry Stone Assessor to lower values of 26000 properties By Rose Meily For the Los Gatos Weekly-Times Article Launched: 04/02/2008 05:51:14 PM PDT Home sales may be down in the county, and in some areas home values have dropped due to the subprime loan situation and resulting foreclosures, but the problem is not as serious in Silicon Valley as in other parts of the county, Santa Clara County’s assessor Larry Stone told members of the Silicon Valley Association of Realtors at a recent meeting. This year, in light of the problems besetting the housing market and in accordance with Proposition 8, the Santa Clara County assessor’s department is going to lower the values of about 26000 properties in order to reflect the lower market value. He said the same situation happened when the economy was down in 1995, but at that time, the county assessor placed 98000 properties in Proposition 8 status. Proposition 8 requires the county assessor to take into account any factors causing a decline in value of a property, and consequently reduce a property’s value. The reductions are temporary and recognize the current market value of a property has fallen below its current factored Proposition 13 base year value. When and if the market value of the previously reduced assessment (Proposition 
increases above its Proposition 13 factored base year value, the assessor will once again enroll its Proposition 13 factored base year value. Stone said he closed Santa …
William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One.
excellent work!
Jews resposible for these frauds. Geithner, Rubin, Larry Summers, Paulson, Greenspan. All these people are Jews.
@mephistophelespav We can demand justice. LOUDLY. We are 99%. They are less than 1%. They always fear the masses. Always.
I want to ask all who watched the video the following:
What answers did K.Black provided at all , and most importantly what can the average american do to stop bailing out the banks according to K.Black ?
I ask this because after watching I’m left with the impression that average americans can do absolutely NOTHING. Which is kind of shoking.
He is so right when he says that Madoff is a piker , the other guys were way more intelligent , they invented and used credit default swap hahahahaha to swap the inevitable bankruptcy to assurance companies. They didn’t break the laws they fixed them at their advantage , these guys are truly genius. You wanted a free market? You got one!
@argentumliberty No he is right , it’s 2 easy to point finger ,you have to be careful and use the good words or you can be sure they will be used against you by demagogues. It’s easy to judge but I think most people would do the exact same thing those bankers are doing. It’s not a seeds of evil it’s a mentality and almost everyone have this mentality today…sadly.
the lady is correct…if it walks life a duck, sounds like a duck and looks like a duck…….then IT IS A …DUCK, mr Black needs to have B…s an tell wath it is,….all this are conspiracies …what else we want to call it?. I think he is trying to hard to be politically correct….sorry but lets call the criminals……criminals, thiefs and why not CONSPIRATORS.
Research all things Bill Black, this guy has the most insight of the inside
thievery of the finance industry -bad loans and the crooked derivatives market
fraud that followed. Why more people don’t view these videos is because of the deliberate obscurity these sociopathic white collar criminals have left in their wake.
The greed demonstrated by these people was demonic.
Very clever lies. The truth is so much worse.
That or American Idol. I thought it was insiteful as well. Took me awhile to come across though. Broaden the tags maybe. Should have way more than 600+ views. In theory at least.
Skate on.
Very interesting content. I’m surprised it does not have more views. It seems people are more interested in tmz crap. (sigh)