Michael Fox

Michael Fox
Location
Orange County, California, USA
Company
Fox Barker Communications
Bio
Michael Fox has a J.D. from the University of Wisconsin Law School and an M.F.A. and Ph.D. from the University of California, Irvine. He is a partner in Fox Barker Communications, which provides expert public relations, media and communications support to progressive candidates and causes. His legal career has included clerking for the Chief Judge of the United States Court of Appeals for the Sixth Circuit, working for the National Labor Relations Board and the United Steelworkers Union, and arguing numerous cases before federal and state appellate courts. He has also published works on Shakespeare, Samuel Beckett, and French avant garde drama, taught acting, drama and literature, and directed more than 50 plays. He is Artistic Director of Moving Target Theatre and has received an AFL-CIO Award for Meritorious Service for Commitment to Human Rights. He is also a member of the Executive Board of the Democratic Party of California. Michael is married and has one son, one dog, two cats, and five guitars. He is currently directing the play "In Darfur" by Winter Miller.

MAY 8, 2009 1:28PM

Foreclosure King Rules Orange County Republican Party

Rate: 13 Flag

vulture_funds_gr1  

With California's Orange County real estate and mortgage industry-driven economy in shambles and local home foreclosures on the rise, you might think that our Republican politicians would want to distance themselves from those who are profiting from the misery of Orange County voters who have lost or are about to lose their homes.

Not so.

The Orange County Business Journal recently featured a glowing cover article on local Republican contributor, fundraiser, and king-maker Dale Dykema, founder and chief executive of Santa Ana-based T.D. Service Financial Corp, which bills itself as “one of the nation’s largest and most successful” foreclosure processing firms.

Not surprisingly, Dykema’s firm is “looking at record profits this year amid the foreclosure wave.”

According to the Business Journal, Dykema has helped lenders foreclose on more than 450,000 homes, and expects the current foreclosure crisis to make this his best year ever, with his company taking in more than $70 million in foreclosure fees.

Dykema also expects his good fortune to continue as the local economy tanks.

As Dykema told the Business Journal, “It takes time for the foreclosures to hit after the economy dropped. I wouldn’t be surprised if we hit a peak next year for this time around.”

The focus of the Business Journal article, however, was not on Dykema’s success as a foreclosure-profiteer or his record profits, but on his role as an Orange County GOP king-maker.

Dykema, the Business Journal explained, “has helped GOP congressmen get elected with money and campaign advice. His beneficiaries include nearly all of the county’s congressional delegation: John Campbell, Ed Royce, Dana Rohrbacher, Ken Calvert, John Lewis, as well as former congressman and Securities and Exchange Commission Chairman Chris Cox.”

According to the Campaign Money website, Dykema contributed $54,450 to Republicans in 2008.   He is also responsible for raising many thousands more from others.

Of course, all of the current GOP congressmen on this list voted against the stimulus legislation intended to relieve the economic crisis from which Dykema is profiting.

All of them oppose efforts to help homeowners avoid foreclosure.

And all of them, including former congressman Chris Cox, were instrumental in creating the deregulated mortgage mess that lead to the foreclosure crisis in the first place.

Amidst the rubble of Orange County’s housing market, Dykema and his Orange County Republican cronies can be proud of helping at least one business expand:

Dykema’s.

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How do any of these people sleep at night?
Ah, but it has to be Macallan 50-year-old single malt!

I'm not an expert on scotch by any means, but I googled "expensive scotch" and found a bottle of it for $17,000. Only the best for the "Foreclosure King"!
California is a state hard hit by foreclosures-- the market went more out of control there, as it did in Florida where I live. It is a really sad aftermath in the wake of the greed and corruption of mortgage securities fraud. Collateral damage is always a terrible thing.
Republicans always have and always will be the party of the rich. Democrats are more and more corporate, but at least they still espouse programs that are for everyone, not just for the rich. My father, a WWII veteran, and my mother both said the same thing about Republicans. They claim to be the party of "Joe The Plumber" and then they do everything that's NOT in their interest. Meanwhile these people have voted for them time and again. I don't get it.
Those interested in helping to create real change in California can support Melissa Fox for California Assembly.

http://www.facebook.com/group.php?gid=90628476440&ref=ts