The Power Is Now Media Inc.

Today I celebrate 32 years of marriage to Ruby Frazier.   She is the love of my life.   Ruby and I got married at 19, totally naive and optimistic about life.   Looking back I can say it was the best decision I have ever made.   I eventually became a man and she a woman.   We grew up together and jointly experienced the changes that adulthood and life brought about in our personalities.   Today we have 4 incredible daughters, a granddaughter on the way, a beautiful home in Riverside, CA and great businesses and careers that we are both passionate about.          None of this would have been possible without Ruby being a devoted mother, businesswoman and role model for our daughters.  She sacrificed her dreams to make my dreams and our kids’ dreams a reality.  As a family we owe her everything.  We have one more child at home and soon she will be off to college.  Her three older sisters all have MBAs and so the pressure is on.  Ruby has four MBAs under her belt, if you incl

The former president of South Africa, Nelson Mandela, passed on to glory today.  Mark this day in your calendar for it is the day that the world will never be same again.  An incredible icon and legacy of greatness and service to mankind has left us and the void will not soon be filled.  He has fought a good fight and has kept the faith in spite of the unimaginable challenges that he faced and overcame in his life.  After risking his life and the life of his family, imprisoned for years and sacrificing everything, he brought an end to apartheid, and liberated 34 million South African people socially and politically.  He went on to become a statesman not just for South Africans but for all people everywhere living under the tyranny of oppression and racism.  He is a champion of justice and freedom. Today he has achieved the highest office that any man or woman can achieve in life, and that is to be in the presence of God almighty.  He has set the bar very high as a great civil rig

The Justice Department, along with federal and state partners, announced this week a $13 billion settlement with JPMorgan - the largest settlement with a single entity in American history.   This settlement brings to a resolution the federal and state civil claims arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities (RMBS) by JPMorgan, Bear Stearns and Washington Mutual prior to Jan. 1, 2009. I know that there are many politicians who are happy that the Justice Department settled with JP Morgan.    I am disappointed, though, with all the statements in the press release from the various District Attorneys who are claiming victory and that justice has finally been done.   It is ridiculous and it is politics as usual.   Am I alone here?   Have we lost our minds as a country?   How is this a day of celebration?   The fact that this settlement represents the largest settlement with a single entity in American history is irrelevant when

Deputy Attorney General James M. Cole Delivers remarks at Money Laundering Enforcement Conference in Washington, D.C., illustrates just how serious the problem is in the banking and financial sector of this country. What he doesn't address is the size of these financial organizations and how the very size of these financial institutions alone makes government supervision and enforcement very difficult. The financial institutions themselves are inefficient to manage to all the compliance issue. They lack the human resources but not the financial resources because they do not value compliance. They despise compliance and invest in looking for every opportunity to work around it. It's the same issue with CRA. They have the resources to hire CRA loan officers but are not willing to hire loan officers who need salaries to do the difficult and time consuming work originate and close a CRA loan. Break up the Big Five. They are too big and clearly out of control. Congress needs to act

A few days ago, Vice Chair Janet L. Yellen made a very telling statement at her confirmation hearing before the Senate Committee on Banking, Housing, and Urban Affairs.  Overall, she is saying all the right things and will probably be confirmed, but I am bothered some by her remarks regarding bank stress testing.  Mrs. Yellen actually believes that the bank stress tests (with their minimum requirement of tier 1 capital) are sufficient to avoid or weather another financial disaster. Given the general consensus over the last two years about the danger of having our banks be “too big to fail,” it is both surprising and disappointing that the current stress tests being suggested would allow our banking system to remain more or less intact; meaning, too big to fail.  Is no one willing to address this elephant in the halls of Congress?  If five banks controlling 80% of the market does not constitute a “too big to fail” situation, I’m not sure what would.  It seems that our political

At present, there are several legislations being proposed in both houses of Congress that will greatly affect the ability of potential buyers to achieve their dream of owning a home.  Protecting American Taxpayers and Homeowners (PATH) Act My position:  Against H.R. 2767, which is more commonly known as the PATH Act, was introduced by House Financial Services Committee Chairman Jeb Hensarling (R-TX).  After a July 23 rd hearing, the bill, not surprisingly, passed through with the aide of an almost party-line vote of 30-27 (30 Republicans voted “yes,” 25 Democrats and 2 Republicans voted “no”).   With its 2 major goals of 1) eliminating housing mortgage giants Fannie Mae and Freddie Mac, and 2) restructuring and imposing limits on the FHA Mortgage Insurance Program, the PATH Act aims to enact a comprehensive restructuring of US mortgage markets.  Sadly, the desired comprehensive restructuring would do much to prevent credit-worthy and responsible families from pu

Irvine, CA. (August 11, 2013) – The Power Is Now Online Radio will cover an important discussion regarding Real Estate and marketing with the CEO of Qazzoo. The show will be live on Power Is Now Online Radio on Friday, September 27 th at 10:30AM PST. The live show will feature Qazzoo CEO Michael Urbanski, a highly successful entrepreneur and the founder of Heavy Hammer in 1999. Prior to establishing Heavy Hammer, Urbanski was the top Real Estate producer in all of Maryland. Urbanski is also a decorated Air Traffic Controller in the Air Force, a restaurateur, and has written and produced a number of award winning films and video games. This entrepreneur knows a lot of information in regard to profitable online platforms for local advertising, as he also owns several patents for geographic advertising on the web, and has other patents currently in the process of being established. Qazzoo is a consumer search engine designed for real estate agents and loan officers in mind,

Riverside, California (September 20, 2013) – On Tuesday, September 24, 2013, from 10:00 AM to 12:30 PM PST, The Power Is Now Online Radio will cover the Town Hall Meeting:   The Housing Crisis, being held at the Palm Desert Council Civic Council Chambers in Palm Desert, CA.   The event, brought to you by the Fair Housing Council of Riverside County, Inc. in collaboration with The Riverside County District Attorney’s Office, will be moderated by Host and Executive Producer Eric Lawrence Frazier, and will be aimed at educating and empowering past, present, and future homeowners concerned with the recent foreclosure crisis and its’ aftermath.  The four main discussion points of the meeting will be “Never Again”:   Lessons Learned From The Foreclosure Crisis, “Where Do We Go From Here?”:   The Road To Recovery, “Know The Signs”:   How To Identify Predatory Lending Practices, and “Educating The Public”:   The Importance of Homeowner Education. Town Hall attendants and online l