When I read this article, I kept hearing that song “Take It To The Limit One More Time”! They’ve changed the words “Sub-Prime” to “Non-Prime” and we re going to take it to the limit one more time…


Subprime mortgages make a comeback—with a new name and soaring demand
The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market.
Carrington Mortgage is now offering mortgages to borrowers with “less-than-perfect credit.”
Demand from both borrowers and investors is exceeding expectations.
Diana Olick | @DianaOlick
Published 10:45 AM ET Thu, 12 April 2018 Updated 1:54 PM ET Thu, 12 April 2018
CNBC.com
https://www.cnbc.com/2018/04/12/sub-prime-mortgages-morph-into-non-prime-loans-and-demand-soars.html
Subprime stages comeback as ‘non-prime’ loans Subprime stages comeback as ‘non-prime’ loans
1:41 PM ET Thu, 12 April 2018 | 01:28

They were blamed for the biggest financial disaster in a century. Subprime mortgages – home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned. Barely a decade later, they’re coming back with a new name — nonprime — and, so far, some new standards.

California-based Carrington Mortgage Services, a midsized lender, just announced an expansion into the space, offering loans to borrowers, “with less-than-perfect credit.” Carrington will originate and service the loans, but it will also securitize them for sale to investors.

“We believe there is actually a market today in the secondary market for people who want to buy nonprime loans that have been properly underwritten,” said Rick Sharga, executive vice president of Carrington Mortgage Holdings. “We’re not going back to the bad old days of ninja lending, when people with no jobs, no income, and no assets were getting loans.”

A home improvement contractor works on a house in Cambridge, Massachusetts. Here’s how much homeowners could cash out in home equity
2:32 PM ET Mon, 2 April 2018 | 01:14
All loans will not be the same


Sharga said Carrington will manually underwrite each loan, assessing the individual risks. But it will allow its borrowers to have FICO credit scores as low as 500. The current average for agency-backed mortgages is in the mid-700s. Borrowers can take out loans of up to $1.5 million on single-family homes, townhomes and condominiums. They can also do cash-out refinances, where borrowers tap extra equity in their homes, up to $500,000. Recent credit events, like a foreclosure, bankruptcy or a history of late payments are acceptable.

All loans, however, will not be the same for all borrowers. If a borrower is higher risk, a higher down payment will be required, and the interest rate will likely be higher.

“What we’re talking about is underwriting that goes back to common sense sort of practices. If you have risk, you offset risk somewhere else,” added Sharga, while touting, “We probably are going to have the widest range of products for people with challenging credit in the marketplace.”

Carrington is not alone in the space. Angel Oak began offering and securitizing nonprime mortgages two years ago and has done six nonprime securitizations so far. It recently finalized its biggest securitization yet — $329 million, comprising 905 mortgages with an average amount of about $363,000. Just more than 80 percent of the loans are nonprime.

A ‘who’s who of Wall Street’
Investors in Angel Oak’s nonprime securitizations are, “a who’s who of Wall Street,” according to company representatives, citing hedge funds and insurance companies. Angel Oak’s securitizations now total $1.3 billion in mortgage debt.

Angel Oak, along with Caliber Home Loans, have been the main players in the space, securitizing relatively few loans. That is clearly about to change in a big way, as demand is rising.

“We believe that more competition is positive for the marketplace because there is strong enough demand for the product to support multiple originators,” said Lauren Hedvat, managing director, capital markets at Angel Oak. “Additionally, the more competitors there are, the wider the footprint becomes, which should open the door for more potential borrowers.”

Big banks are also getting in the game, both investing in the securities and funding the lenders, according to Sharga.

“It’s large financial institutions. A lot of people with private capital sitting on the sidelines, who are very interested in this market and believe that as long as the risks are managed well, and companies like ours are particularly good at managing credit risk, that it’s a good investment opportunity,” he said.

As the economy improves, and rents continue to rise, more Americans are trying to become homeowners, but the scars of the Great Recession still stand in the way. One-fifth of consumers today still have very low credit scores, often disqualifying them from obtaining a mortgage in today’s tight lending market.

Relaxed lending standards
Last summer, Fannie Mae announced it would relax its lending standards for prime loans, allowing borrowers with higher debt and lower credit scores to obtain loans without additional risk overlays, such as large down payments and a year’s worth of cash reserves.

Fannie Mae raised its debt-to-income (DTI) limit from 45 percent to 50 percent. DTI is the amount of total debt a borrower can have compared to his or her income. As a result, demand from buyers with higher debt exceeded all expectations. The share of high DTI loans jumped from 6 percent in January 2017 to nearly 20 percent by the end of February 2018, according to a study by the Urban Institute.

“From January to July 2017, Fannie purchased 80,467 loans with DTI ratios between 45 and 50 percent. But from August 2017 to February 2018, Fannie purchased 181,911 loans in the same DTI bucket. This increase of more than 100,000 loans in just seven months exceeded our estimate (85,000 additional Fannie loans annually) and Fannie’s expectations.” – Urban Institute

The mortgage industry expectation was that Fannie Mae would mitigate the additional risk with other factors, like a higher necessary credit score, but that was not added. The mortgage insurers balked, since they would be on the hook for the risk, so last month Fannie Mae “recalibrated” its risk assessment criteria again.

“We got a bigger response than we thought we were going to, so we dialed back to make sure we were in the right spot where our governance kicks in to make sure we’re not taking excessive risk,” said Doug Duncan, Fannie Mae’s chief economist.

Millennials carry more debt
The outsized demand from borrowers with more debt as well as demand for nonprime mortgages in the private sector show just how many borrowers today would like to become homeowners but are frozen out of the mortgage market.

Millennials, the largest homebuying cohort today, have much higher levels of student debt than previous generations. Members of older generations who went through foreclosures during the housing crisis or other hits to their credit are still struggling with lower FICO scores.

In addition, credit tightened up dramatically. In fact, between 2009 and 2015, tighter credit accounted for just more than 6 million “missing” loans, according to research by Laurie Goodman at the Urban Institute. These are mortgages that would have been granted under more normal historical underwriting standards.

The rebirth of the nonprime market is focused on these missing mortgages. The hope is that the industry will also focus on better standards of underwriting and not take risk to the levels it once did, levels that resulted in disaster.

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Georgia: Disbarred Lawyer Richard Merritt Jailed on Theft, Elder Abuse Charges



Georgia: Disbarred Lawyer Richard Merritt Jailed on Theft, Elder Abuse Charges
Attorney Richard Merritt was disbarred Monday for pocketing a client’s $75,000 settlement and jailed Wednesday on multiple felonies.

Georgia: Disbarred Lawyer Richard Merritt Jailed on Theft, Elder Abuse Charges
http://www.barcomplaint.com/attorney-theft/georgia-disbarred-lawyer-richard-merritt-jailed-on-theft-elder-abuse-charges/

The problems of Richard Merritt have come to a head with his arrest. This has been long coming has his behavior has been in question for several years.


Richard Vinson Merritt

Former Smyrna attorney Richard V. Merritt, who was disbarred Monday after admitting to settling a client’s suit for $75,000 and then pocketing the money, woke up in the Cobb County Jail Thursday after being arrested on separate felony elder abuse, theft, exploitation and check fraud charges.

The spokesperson for the Cobb County Sheriff’s Office said he had no further information on the charges, which were apparently filed by the Smyrna Police Department. The booking report includes a notation that Merritt is to be held for the Fayette County Sheriff’s Office, where a press liaison said they received a bench warrant for “indirect criminal attempt.”

He provided no further information, and there was no immediate response from Smyrna police.

On Friday, Cobb County District Attorney Vic Reynolds said there was little he could offer concerning Merritt’s case so far.

“We have yet to receive the complete investigative file from the Cobb Sheriff’s Department,” said Reynolds via email. “When we do, our White Collar Unit will begin the process of determining what charges we will proceed to the grand jury with. In addition, our Investigators will begin reviewing the file upon receipt to see if there are any additional victims or charges which need to be pursued.”

Merritt remained in jail on Friday afternoon.

Merritt is the subject of multiple civil suits in Cobb County, including one filed by a woman who claims he forged her name on a $150,000 settlement agreement and check without her knowledge. She claims Merritt never turned over any funds.

He also faces several legal malpractice and fraud lawsuits in Cobb County from clients claiming he agreed to handle their cases and then never filed them and never pursued any actions.

Merritt has represented himself in each of the lawsuits.

The attorney for a plaintiff in one case, Sapp & Moriarty partner Daniel Moriarty—interviewed before word of Merritt’s arrest was known—said he was surprised at the mild tone in the state Supreme Court’s disbarment opinion, which only said Merritt “settled a client’s personal injury matter for $75,000 but failed to promptly disburse those funds to his client or her medical providers and failed to render a full accounting of the funds to his client.”

“That’s a euphemism for stealing money,” said Moriarty. “I talked to an investigator who has seen his bank records and determined that he had stolen hundreds of thousands of dollars. It just blows my mind what he’s gotten away with.”

According the bar complaint reviewed by the Daily Report, Merritt was retained to handle a personal injury matter in December 2016 and settled it last February, cashing the forged check Feb.7. On Feb. 10, he filed a lawsuit “and continued to lead me on until late May 2017 when I learned what he had done,” the confidential complaint said.

“I have never seen a dime of the $75,000,” said Merritt’s former client.

Another civil suit filed in Cobb County State Court last year said Merritt forged a husband and wife’s signature on a settlement and check in a medical malpractice case and never told them.

Another complaint said Merritt accepted a med-mal case and continually told his client that he was investigating it. Merritt sent emails saying “All is well and we are moving forward on your case,” and “No worries I’m on it!”

Then he stopped accepting the woman’s calls, and the filing deadline passed.

In that case, Judge Maria Golick struck Merritt’s answers and ordered a damages-only trial after finding he “willfully failed to respond” to hearing notices. Golick scheduled a show-cause criminal contempt hearing, and the decision is apparently still under advisement, according to court records.

In the case Moriarty is handling, Merritt also allegedly claimed to be conducting discovery and searching for experts, even scheduling bogus depositions for his clients, only to cancel them at the last minute.

Merritt was the principal for the Smyrna-based Merritt Firm, whose offices were the subject of several dispossessory actions between 2015 and 2017, according to court records.

Last August, Merritt sued two attorneys on behalf of spine surgeon and frequent medical expert James Chappuis. At the time, Merritt said he vice president and general counsel of Chappuis’ Orthopaedic & Spine Surgery of Atlanta.

That case settled confidentially shortly after it was filed.

California Attorney Pleads Guilty in National Securities Fraud



California Attorney Pleads Guilty in National Securities Fraud
A California attorney pleads guilty to a securities conspiracy charge in a pump-and-dump stock scam.
https://www.law.com/dailybusinessreview/sites/dailybusinessreview/2018/01/26/california-attorney-pleads-guilty-in-national-securities-fraud/
By Samantha Joseph | January 26, 2018 at 05:59 PM

U.S. Securities and Exchange Commission building.

Diego M. Radzinschi

California attorney Andrew H. Wilson pleaded guilty of conspiracy to unlawfully sell unregistered securities.

The Nevada City man was one of 10 people convicted in a conspiracy to sell shares of shell companies they secretly controlled, then inflating values in a pump-and-dump scam that involved participants from New York and Colorado.

Wilson pleaded guilty Thursday in federal court in Miami. He faces a maximum statutory sentence of five years in prison and a fine of up to $250,000 or double the proceeds of the offense, according to prosecutors. He is at least the second attorney charged in the scam.

Prosecutors say the scheme ran for about seven years and involved fraudulent U.S. Securities and Exchange Commission filings listing nominee chief executive officers for shell companies.

Participants presented the CEO as the owner and listed shareholders while maintaining full control over blocks of shares. When the shares become unrestricted, or free trading, participants secretly sold them to shell buyers or got SEC approval to sell them publicly.

Wilson created fraudulent paperwork to support the scam, according to court documents.

In October, attorney James M. Schneider of Hillsboro Beach faced a parallel civil enforcement action by the SEC, accusing him and Wilson of participating in a fraud involving 22 blank-check companies “secretly bound for reverse mergers.” Blank-check companies “have no operations, making them attractive targets for those seeking reverse mergers for use in pump-and-dump schemes,” according to prosecutors.

New York stock promoter Yelena Furman and Colorado registered stock transfer agent John Ahearn are among those convicted, according to a news release from the Department of Justice.

Sentencing for Ahearn and Wilson is set for June 8 before U.S. District Judge Kathleen M. Williams in Miami. Furman’s sentencing is set for April 25 before U.S. District Judge Cecilia M. Altonaga.

WordPress Posts By Others



You know, I try not to bitch about every little thing that pisses me off. I really do.
But every now and then, something happens, and I just have to bitch about it. Like the idiot stealing my documents on scribd.com and claiming to be the author of the documents, when there is no way in hell that person could have written that document.
Well, apparently, there are people here that want to post an article I have posted, and not give me any credit whatsoever for the post. I probably should not bitch, I was not the original author, the article came from ENENews. Still, a few hours after I posted it, with all the links to the article, and the articles within the article.
But still, all I can say is damn!

I always try to give credit to the poster, if I copy the post, and if I go to the site the poster got the article from, I try to give credit to the poster as well as the original author.
A lot of what I post, is articles by someone else, about Fukushima and radiation, so the articles are, what I consider, information that needs to be shared. I don’t condemn someone for wanting to share the news, but damn, at least mention where you get it from. We all want more traffic on our blogs.

Ok, I feel all better now.

🙂

“It’s like crime scene investigation” in ocean


Experts: ‘Scary’ problems on California coast — There may be “no food anywhere” along Pacific except in isolated areas — “It’s like crime scene investigation” in ocean — ‘Certainly’ Fukushima is one of stresses to sea life — Dolphins, whales more likely to be ‘bathed’ in radiation offshore (VIDEO)

Published: August 30th, 2014 at 12:39 pm ET
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Interview with Kristen Milligan(transcript excerpts), Oregon State University marine ecologist, by WheepingWillow, June 13, 2014 (emphasis added):

  • 4:30 in — “There‘s other issues going on, like with  dolphins and sea lions… There’s all these different stresses happening and certainly Fukushima is one.”
  • 8:30 in –” The problems we’re having in Monterey Bay, I think it’s pretty different than the sea star wasting. It is a very similar, heightened — scary, you know. Because the dolphins and sea lions, especially the dolphins, they’re moving way offshore, miles and miles and miles. So those animals are more likely to be bathed in whatever — if there is significant levels of radiation to cause that — they’re more likely to be bathed on a chronic long-term level in that stuff, because they’re out in that… So we’re getting different types of exposure between the marine mammals and starfish. I can’t say anything, because it’s not, and this is where I wish — I’m looking forward to seeing what reports we get from the scientists that are just meeting to assess this… [Sea stars are] not like the big tuna that are starting to show signals of radiation. They’re not like dolphins or whales that are transiting the ocean waters all the time to areas that are closer to Japan.”

Santa Cruz Hilltromper, Aug 13, 2014: The Summer of Crazy… Monterey Bay is a strange place these days…. WTF, Monterey Bay? It’s like we don’t even know you anymore. Why is our beloved Bay suddenly so moody?… All the bay’s food, including the whale food, is concentrated near the shore [in a] very narrow feeding corridor… there isn’t much food along the Pacific Coast anywhere [and] the whales and other animals may be here, [MBARI’s resident nutrient monitor Ken Johnson] says, “because there’s no food anywhere else.”… Del Monte Beach was green… sea lettuce, from Sand City to Monterey, folks were a little freaked out… Mike Graham, an associate professor at Moss Landing Marine Laboratories, has seen similar events, though admittedly slightly smaller… So while primary (plankton), secondary (anchovy), and tertiary (whales and such) production has been crammed into the narrow strip of nutrient-rich waters by the shoreline, there isn’t much happening farther out in the bay.

Jason Smith of Moss Landing Marine Laboratories: Domoic acid… has been present in all but one weekly sample since early spring…. This is also very weird… not sure exactly why it’s happening… “California sea lions are… demonstrating negative effects.”

Andrew DeVogelaere, Research Coordinator for the Monterey Bay National Marine Sanctuary: “Unfortunately we don’t understand the ocean well enough to be able to tell you with certainty what’s happening as it’s happening”…It’s not so much that there were more animals than normal… they were packed in close by the shoreline… action (i.e. whale sightings) was pretty slow offshore… “Strange days in the Monterey Bay right now. It’s not the normal year by any means… Lots of mysteries to solve. It’s like the CSI of the sea.”

Full interview with Milligan available here

Published: August 30th, 2014 at 12:39 pm ET
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Related Posts

  1. SF Chronicle: “Unbelievable hordes” of fish near California coast; Most birds, sea lions, dolphins, whales anywhere — Expert: ‘Off the charts’ pelican population “highly unusual… could reflect breeding failures elsewhere”; “Abnormal ocean conditions” to blame? May 1, 2014
  2. CBS News: 100s of whales in bay on California coast; It’s never been like this, we just can’t even believe it — Experts: We just aren’t sure what’s going on; “A once-in-a-lifetime chance… unheard of, it’s unbelievable, nobody’s seen this” (VIDEO) November 30, 2013
  3. US Gov’t Expert: Large marine animals likely sensed danger of Fukushima plume and fled, “Not going to wait until they start to die off” — Explains unprecedented concentrations of whales and other sea life clustering off West Coast? (VIDEO) March 2, 2014
  4. ‘Marine Mystery’ in California: “Toxic outbreak threatening marine life” — Birds falling from sky, sea lions convulsing — “Worst they’ve ever seen” — Toxin hits record level, almost 1,000% above gov’t limit — Heart lesions, severe shrinking in part of brain, nervous system failure (VIDEO) May 3, 2014
  5. Professor: Fukushima scaring ‘bejesus’ out of everybody in world… still flowing in ocean, radiation levels unknown — Clearly detectable in tuna at California coast… We focus a lot on bio-accumulation — Japan: Reactor leaks “may have gathered as a lump and drifted offshore, we need to continue monitoring it” (VIDEO) July 21, 2014

Plethora of Negative News In the Radiation World, Take Your Pick!


Latest Headlines:
‘Unusual… Troubling News’: Only about 1% of sockeye salmon coming to US waters from Pacific, normally 50 times higher — Lowest rate ever recorded — Had expected best numbers ever — Scientist: ‘Warm blob’ off West Coast may be to blame — Chinook salmon numbers also low

Official wept at prime minister’s office: “I’m sorry, we’ve tried… but we are in a situation beyond our control” at Fukushima — Hours Later: “People’s blood ran cold”… “Huge hole” suspected to have opened up in No. 2 Reactor

Nuclear Engineer: Studies show multiple fuel cores ejected from Fukushima reactors… I thought so too, it was one of my big concerns — Radiation Expert: Hot particles of uranium and plutonium fuels detected nearly 300 miles away (VIDEO)

LA Times: ‘Horrific Comedy’ at US Nuclear Site — “Mounds of radioactive white foam laced with plutonium” spewed out — Gov’t failed to do any radiation tests when releases peaked after ‘major’ leak — Experts: “Risk of additional eruptions is real” (VIDEO)

US Official: There were orders to not get within 230 miles of Fukushima Daiichi — Potassium iodide given to all defense personnel and families within 200 miles of plant — Over 1,100 kinds of radioactive material detected

Scientist: Massive spikes in radioactivity are being hidden from public — Radiation doses around nuclear reactors increase exponentially — It’s a major worry… very, very important — Something must be done (VIDEO)

Japan Newspaper: “The seriousness of the current situation at Fukushima can’t be understated” — Report: Unmitigated radiation is pouring into Pacific Ocean — Video: They don’t know how to stop the radioactive leaks… we’ll never know how to stop this

Scientist holds press conference in Tokyo: Urgent need to share new developments from Fukushima — Very, very striking results show radiation injury to whole ecosystems — Significant implications for Japan (VIDEO)

Time Magazine: Doctor links recent outbreaks of ‘mysterious ­rashes’ to Fukushima — Cancer Specialist: “There’s so much societal pressure to not even mention the word radiation” — Video: Huge number of cancers already… gov’t actively engaged in safety propaganda (VIDEO)

Top US Nuclear Officials Visit Fukushima: “The pain they’ve inflicted… innocent lives impacted forever… children” — “Sick to my stomach… as if I were in a science fiction movie” — “Very sobering” — “We raise the standard of living for millions… without us, heart surgery isn’t possible” (VIDEO)

NHK: Scientists to use detectors ‘deep underground’ to look for Fukushima fuel; It’s ‘believed’ to have cooled down, but no one can check — Officials: We don’t know if water is covering fuel — Expert: Water must be circulating around fuel or it will melt again (VIDEO)

New study finds radiation dose for US West Coast from Fukushima over 500% of recent gov’t estimate — Release from Japan disaster could exceed Chernobyl (MAP)

Report: “No one wants you to know how bad Fukushima might still be… gaining traction as the worst case of nuclear pollution in history” — Physician: “This is a global contamination of wide swaths of the biosphere” (VIDEO)

VIDEO: Children of US Navy sailors suffering from cancers after Fukushima exposure — “I couldn’t move… so much pain… I have leukemia” — More kids with thyroid cancer — Father: “We couldn’t figure it out… his body was changing” — Sailor: Right side of my body is shriveling up, one arm now almost 5 inches smaller than other

Tokyo Press Conference: Gov’t is committing crimes against humanity; Fukushima children living in war zone and can’t leave — Childhood cancer developing much faster than Chernobyl; Rate now 14 times higher — Parent: “I’m revealing the reality of what’s going on… it’s only way to get rid of the criminals” (VIDEO)

Experts: Plutonium and uranium flow into ocean from Fukushima — “Heavily contaminated” water is leaking out of plant — Melted fuel releasing hundreds of different radioactive materials — Officials refuse to investigate 90% of these (VIDEO)

Nuclear Expert: Fukushima fuel suspected to be in ground… “it’s going to melt right down into the ground” when heat isn’t removed, that’s why these are so dangerous — Physician: “3 of Fukushima’s reactors melted through containment… the crisis is clearly ongoing” (VIDEO)

Gov’t: Radiation level 60 km from Fukushima plant is as high as the most contaminated areas in Chernobyl — “Fukushima far exceeded any crisis previously encountered” — “A risk of destruction of the society” — Expert: “It’s unprecedented in scale and duration” (VIDEOS)

CBC: We all thought we’re doomed from Fukushima, it’s “going to spread across Pacific and they’ll be no fish and the sea life will be dead” — Professor: It’s releasing radioisotopes directly into ocean as we speak and we can’t predict when it will end; An ongoing disaster, reactors not under control (VIDEO)

Gov’t: Radiation levels on US West Coast spiked to over 1,000,000 times normal after Fukushima explosions (VIDEO)

Gov’t Experts: Fukushima fuel rods were melting 75 minutes after tsunami; Reactor core not covered with water 10 minutes after power blackout — Worker: Before explosion, Unit 1 “filled with what looked like steam or dust… a series of large bangs… noise never heard before” (VIDEO)

TV: Devastating mystery illness hits California horses — “Nobody will even tell us what it is” — Skin falling off, covered in painful lesions, eyes swollen shut, liver damage, fainting — Expert: Never seen anything like it in 40 year career (PHOTOS & VIDEOS)

The Energy Companies Don’t Give a Flying F__k About Your Life, The Almighty Dollar Is All They Care About!


Scientist: Massive spikes in radioactivity are being hidden from public — Radiation doses around nuclear reactors increase exponentially — It’s a major worry… very, very important — Something must be done (VIDEO)

Published: August 23rd, 2014 at 9:21 pm ET
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http://enenews.com/scientist-massive-spikes-radioactivity-being-hidden-public-radiation-doses-around-reactors-increase-exponentially-major-worry-very-very-important-video

Interview with Dr. Ian Fairlie, Radiation Biologist, Nuclear Hotseat hosted by Libbe HaLevy, Aug 19, 2014 (at 35:30 in): One of the key things I’d like to mention to your listeners is this; Up until 2012, we didn’t really know what happened with emissions from nuclear reactors. The only data that we had was annual data… we didn’t really know the time pattern — now we do. Now we know that the large majority — say two-thirds, three-
quarters — of the annual emissions from a reactor occur just once, during one spike. And that spike occurs when the reactor is opened up to take out the old fuel and to put in fresh fuel. During that time period — about a day, day-and-half — the reactors are depressurized… they open up the valves and the radioactive gases shoot out. It’s during that time that we think that the people down wind are exposed to high levels of radioactivity, i.e. high radiation doses… Instead of having even, little bits of emissions throughout the 365 days, you have one big, massive spike which happens over a day-and-a-half period. And that happens roughly speaking, once a year… That’s important — Very, very important — because it results in doses that are at least 20 times higher, maybe even as much as 100 times higher… That’s a major worry… I’ve said to a number of nuclear operators, “Why don’t you do this at night time when people are in bed? Why don’t you do it when it’s really, really windy out — and it’s not raining?” … When it’s very calm it just drifts everywhere and you get big doses — No response… These spikes have been hidden from us ever since the beginning of the nuclear power program … nobody knew about them apart from people who work in the nuclear industry and they keep really quiet about it.  I’d like to say to your American listeners, this is very important. You have to go to your regulator and say, “There’s no reason why this is not occurring at US reactors. These data are from German pressurized water reactors… We know that it’s very, very likely the same thing is happening with
US reactors.” I hope that at least some of your listeners will pick this up and say, “Whoa, we’ve got to do something here.” >>Full interview available here

Dr. Donald Mosier, Scripps Research Institute’s Dept. of Immunology and city council member in Del Mar near San Onofre nuclear plant,  Oct. 19, 2013 (at 27:15 in): The problem with the data is that tritium releases are episodic. They’ll have a release of tritium one day a month, but when they report that to the NRC, they’ll say this is the amount of tritium we’ve released over the year. You have 5 days of release, but you divide that by 365 days, it doesn’t look like so much tritium. But if you’re sitting right next to the plant on the day of the release, it’s quite a bit. There’s some data from Europe that says those spikes are dangerous. There’s no data in the US that you can interpret. >> Watch the community symposium here

Published: August 23rd, 2014 at 9:21 pm ET
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Related Posts

  1. Massive blaze burns through former uranium site in US — Idaho Official: There may be ‘minor’ increase in radioactivity levels — No firefighting going on as more contaminated areas threatened (VIDEO) September 22, 2012
  2. CBS News: Young kids playing at beaches “far too close” to Fukushima nuclear plant — Father: I do worry about radiation, but data says it’s ‘safe’ just 22 miles from leaking reactors (VIDEO) August 17, 2013
  3. Emergency plan activated after ‘massive’ crack found in dam near nuclear site — Official: ‘Serious problem’; Failure risk ‘sufficiently high’ — NOAA: “Potential for rapid increase in flows” — Gov’t: Flooding could release radioactive waste from Hanford (VIDEO) March 2, 2014
  4. Experts: Easily the worst single week for U.S. nuclear power industry since Fukushima — 4 major setbacks in 3 days — 6 reactors on chopping block May 8, 2013
  5. ‘Kitty litter’ blamed for explosive nuclear leak at WIPP — “Incredibly important to act quickly” — ‘All these drums’ are at risk, including at other sites — Must be gathered ‘right away’ before they also burst — Summer heat will increase instability — Storage rooms must be sealed off to contain future ‘events’ May 10, 2014