Howard Hinman on Mortgage Meltdown, KHC Aug. 15

(From  Mike Everling)


KARL HESS CLUB MONDAY  AUGUST 15, 2011     ennouncement    

Howard Hinman “The Secrets of MERS and the Massive Mortgage Meltdown.”

Dinah’s Family Restaurant 6521 S. Sepulveda Blvd. (at Centinela Avenue) in West Los Angeles  (310) 645-0456.  The club meets in the separate meeting room behind the main dining area.

7:00  p.m.  Gathering Time      [Dinner stipulations: $10.00 order minimum plus $3.00  Club Cover Charge ]
8:00  p.m.  Dinner  (Order from the regular menu)
8:45  p.m.  Announcements
9:00  p.m.  Guest Speaker: Howard Hinman
10:00  p.m. Q & A
10:30  p.m. Adjournment from Dinah’s    (Please depart premises promptly)
11:00  p.m. Afters: Mixing and Mingling    Lounge- Doubletree Hotel 1616 West Centinela Avenue Culver City

For information on the Karl Hess Club:


The topic for this month is a little known (outside of real estate and mortgage banking circles) system alleged to have exacerbated the real estate value crash of a few years ago, the effects which still reverberate through the economy.

Meant to facilitate the assignment and hypothecation of mortgages- a financial tool- it has instead worsened the foreclosure crisis, because its badly flawed implementation has prevented bad paper from clearing the market.

From Howard’s masterful thesis:

           The Secrets of MERS:  A Fiasco Unfolds– Or what you do not know can hurt you and many other people badly!
           In other words:  Welcome to the Massive Mortgage Meltdown.

           It is more than just the blue-gray and weatherworn house in Denmark, Maine.  As the summer of 2011 becomes the winter of 2012               the secrets – whether they involve widespread incompetence, fraud or even worse – perhaps the deliberate crashing of the                           American economy – regarding MERS  (“Mortgage Electronic Registration Systems”, abbreviated “MERS”) – and its effects – are             becoming apparent around the world. 

           Look at this incredible quote:

           ”’The whole financial system is becoming a lot less transparent,’ says Hernando de Soto, a Peruvian economist who has written                  on  the importance of well-defined property rights. ‘You can’t size up risk anymore.’”

Being able to reasonably assess risk is at the essence of practical investment.  The inability to accomplish this is a prime cause of the current stagnation.   Howard will proffer his analysis as to the why and wherefore.  As usual,  the answer to the question qui bono very often informs the answer to the question quare (why).

Please join us for an evening of relevance and revelation.  Howard will help us to understand the reasons for MERS, how this system operates, and the disturbing implications of its government “mixed economy” interference in the markets.


Howard has addressed our club on many occasions, chiefly on economic and financial topics. He is a Mortgage Fraud Professional, the Presider of the International Property Title Alliance, and Chief Financial Officer, Senior Legal Researcher and Director of Communications of the California Legal Rights Fund, Inc.  He also hosts the Karl Hess Community Technology Forum, an independent supperclub in Orange County devoted primarily to the topic of appropriate technology.

Howard is a graduate of  California State University at Fullerton College of Business and Economics with a degree in Business Administration.  Among his many associations and achievements, Howard is a member of Toastmasters International since 1983, and is a Distinguished Toastmaster.  Howard resides in Orange County.  Join him on Facebook and LinkedIn.


Upcoming Programs Scheduled:

September 19, 2011  Karl Hess IV “Whither Conservation in the 21st Century: More Government or More Liberty?”
October 17, 2011       Richard B. Boddie “SEK3 Was Right After All”
November 21, 2011   Will Otey “Freedom is Not for Everyone: Creating a New Libertarian Country”


Our regular venue is Dinah’s Family Restaurant in West Los Angeles.  The address is: 6521 S. Sepulveda Blvd. (at Centinela) (310) 645-0456. The nearest corner is W. Centinela Avenue.

The time for dinner is anytime between 7 p.m. and 9 p.m.  You may be seated in the meeting room at that time.  Other restaurant patrons may be there as well until  8 p.m.  The club will have exclusive use of the room between 8 and 10:30 p.m. The program will be from 8:45 p.m. until 10:30 p.m. (the restaurant’s doors close at 11 p.m. sharp).   Please exit promptly after 10:30 p.m.

Dinah’s minimum for our diner/attendees is $10.00. There is a $3.00 cover to the club (which, with notice, may vary upward by program but will be at least $3.00).  Order off the regular menu. Individual cheques. Pay your own tab.  The club dues will be collected from you.  Please note that KHC attendees must observe the minimum restaurant order.

Thank you to our loyal members for your continued support.


Please join us for the Aftermeeting in the lounge at the Doubletree Hotel Culver City.   When we adjourn Dinah’s at 10:30 p.m., proceed to the Doubletree and we’ll reconvene for an informal gathering by 11 p.m. until 2 a.m.

The Doubletree is at 6161 West Centinela Avenue at Arizona in Culver City 90230-6306 (one  block West of Sepulveda Boulevard).  It is possible to walk from Dinah’s in about two minutes or repark your car on Arizona one minute away, but it is recommended to park in the hotel lot. N.B.:  the available hotel parking is a pay lot, however the bar will validate your parking with any purchase.   The lounge is immediately inside the hotel lobby adjacent to the desk.

It is not permitted to make a left turn onto Centinela from Arizona, so a good way is to turn right and go to the intersection with Sepulveda, make a U-turn and drive back to the hotel, which will be on the right hand side.

Doubletree Telephone: (310) 649-1776
      For More Hotel Info, see: Radisson Website:

Random End Notes:  Although the corporate ownership of the Aftermeeting venue has changed, its policies, for our purposes, have remained unchanged.  We invite you to join us for a congenial time after the regular meeting.

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