Stacy Summary: More US mortgage holders sliding underwater.
Tags: Jibber Jabber46 Comments
February 3rd, 2010 by
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game theory for activists. get hedge funds to attack companies for you.
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Latest News Appearances
Max explains Wall St.'s financial terrorism to radio listeners in Moscow
right on!!
Run away!!
DING DING on cue Body scanners fer anyone …..anyone
http://www.infowars.com/terrorist-attack-at-st-petersburg-station/
Hic
@maxkeiser.com
mornin’ was playing this… made me think of Y’ALL!!!
Talking Heads – Life During Wartime.
http://www.youtube.com/watch?v=NedwmkhHpKI
Heard of a van that is loaded with weapons
packed up and ready to go
Heard of some gravesites, out by the highway
a place where nobody knows
The sound of gunfire, off in the distance
I’m getting used to it now
Lived in a brownstone, lived in the ghetto
I’ve lived all over this town
This ain’t no party, this ain’t no disco
this ain’t no fooling around
No time for dancing, or lovey dovey
I ain’t got time for that now
Transmit the message, to the receiver
hope for an answer some day
I got three passports, couple of visas
don’t even know my real name
High on a hillside, trucks are loading
everything’s ready to roll
I sleep in the daytime, I work in the nightime
I might not ever get home
This ain’t no party, this ain’t no disco
this ain’t no fooling around
This ain’t no mudd club, or C. B. G. B.
I ain’t got time for that now
Heard about Houston? Heard about Detroit?
Heard about Pittsburgh, PA?
You oughta know not to stand by the window
somebody might see you up there
I got some groceries, some peanut butter
to last a couple of days
But I ain’t got no speakers
ain’t got no headphones
ain’t got no records to play
Why stay in college? Why go to night school?
Gonna be different this time?
Can’t write a letter, can’t send a postcard
I can’t write nothing at all
This ain’t no party, this ain’t no disco
this ain’t no fooling around
I’d love you hold you, I’d like to kiss you
I ain’t got no time for that now
Trouble in transit, got through the roadblock
we blended in with the crowd
We got computers, we’re tapping phone lines
I know that ain’t allowed
We dress like students, we dress like housewives
or in a suit and a tie
I changed my hairstyle so many times now
don’t know what I look like!
You make me shiver, I feel so tender
we make a pretty good team
Don’t get exhausted, I’ll do some driving
you ought to get you some sleep
Get you instructions, follow directions
then you should change your address
Maybe tomorrow, maybe the next day
whatever you think is best
Burned all my notebooks, what good are notebooks?
They won’t help me survive
My chest is aching, burns like a furnace
the burning keeps me alive
Try to stay healthy, physical fitness
don’t want to catch no disease
Try to be careful, don’t take no chances
you better watch what you say
@More US mortgage holders sliding underwater
In general on long articles…
OK, I read the article .. nothing really unexpected or new IMO ( correct me if I’m wrong please ).
What I wish for !!! ….
… is that the people that write those articles help the reader by doing the following – for example :
1. set KEY sentences with FACTS to “Bold + Underline”
2. set sentences with KEY OPINIONS to “Bold + Italics”
3. set sentences with OPINIONS to “Italics”
It allows one to scan the article to see if it is worth reading in full.
Too much “information” ( people’s opinions mingled in with only “some” facts ) these days IMO.
FWIW
@Phil,..People will always do what they will do,.
your job is to keep an eye on things without your emotions clouding your judgment,..maybe : )
BTW: I agree with ya!
@ P/G
I rarely check links
I prefer Youtube links
Dont like reading
ROFL
Hic
Housing vacancies elevated in fourth quarter http://tinyurl.com/yzrxnyb
U.S. construction outlays sink 1.2% in December http://tinyurl.com/yghsaoh
Total baloney in the facts department cause those too are dressed up opinions.
@SG
How prophetic
You lost your house – but you still have to pay
http://money.cnn.com/2010/02/03/real_estate/foreclosure_deficiency_judgement/?hpt=P1
@ Stacey H/T ???
Hic
Home Depot to cut 1,000 jobs, shut three stores http://tinyurl.com/ydbc48w
Glass Steagal crash course on
http://money.cnn.com/
Supprising CNN & Other MSM’s are realising slowly that they are’nt part of Club of Rome
ROFL
Hic
@Bonn
Yep, that’s a good one Bonn. This will further hamper the U.S. economy cause you only can spend your dollar once on somtin and than it’s gone. The more debt is piled upon the consumers also in taxes, higher credit card rates, bank costs, police fines and now paying for foreclosed mortgages the more the economy will suffer. Everyone is trying to take a bite of the shrinking middle class pie till it’s gone!
Lenders Pursue Mortgage Payoffs Long After Homeowners Default 28 January 2010 (Bloomberg) http://tinyurl.com/yg378q4
Reuters Withdraws ‘Backdoor Taxes To Hit Middle Class’ Story Linked By Drudge Report http://tinyurl.com/yj32czq
Banking banana skins 2010: a survey under 450 senior banking executives on danger facing the banking sector:
1. Political interference
2. Credit risk
3. Too much regulation
Moral of the story: ” Leave us alone, we know best.”
http://www.pwc.com/gx/en/banking-capital-markets/banana-skins/banking-banana-skins-2009.jhtml
Unemployed people default on their mortgages.
Big Suprise 2012
A Third Party Emerges In The United States- When Obama’s first and last term ended the American public was fed up with anything that had to do with the elite- Wall Street, the big banks, Congress, the Senate, the Federal Reserve and both of the big parties. As a result a third party emerged which managed to get a large amount of seats in both houses. The party’s candidate for president got 25% of the votes in 2012 and won the election in 2016. The third party fundamentally changed the way politics is done in Washington and resulted in a large change in United States foreign policy. A lot of countries where left to deal with their problems alone. At the beginning, this policy caused havoc and even chaos in different countries around the world which suddenly where shocked by the shortage of American financial and military aid.
http://israelfinancialexpert.blogspot.com/search/label/predictions%202010
Obama budget attacked over deficit, lending fund http://tinyurl.com/ycsmrpu
Obama’s Pyramid Schemes Would Make Keynes Happy http://tinyurl.com/y8dacdo
In the UK I wonder? There wont be much free market as everything still works?
1. I wonder how many mortgages are paid via housing benefit?
2. I wonder how many government dependent economically protected via in built professional protection, none export jobs are holding up this housing tent.
Question 1 and 2 are the same that is government feed via poverty or professional or protected pools to the banks.
My answer is in the fact that nothing moves in the UK there is no market its a fix. Its great, we don’t need free markets we just need a good fudge and all is well.
They must not be as good at this in the USA
The boom is back !!
@fib
er… put the kettle on and just play your scrabble, play your dominoes… or maybe you prefer a crossword or sudoku… no wonder the russians are so bloody good at chess… oh maan I hate BORED games!!!
: )
From an email I got, interesting in that it implies Australia will have hyperinflation …
I however expect USD devaluation before AUD hyperinflation.
=================
Property hype signals next wave of crash
=================
Media hype about skyrocketing house prices is calculated to lead more lambs to the slaughter, when almost half of the 135,000 suckers conned by Kevin Rudd into taking out a mortgage last year are already struggling to make payments.
The Rudd Government’s $21,000 first homebuyer’s grant, now expired, made housing more unaffordable, by driving the property market up to record highs; increased the average first homebuyer’s mortgage by more than double the amount of the grant; and exploded Australia’s household debt to equal the national GDP.
Now, coinciding with the end of the first homebuyer’s grant, the media has started hyping the property market, playing up the 18.5 per cent jump in Melbourne’s median house price last year, and trumpeting forecasts of million dollar average house prices within ten years.
Meanwhile, a Fujitsu Consulting survey has revealed 45 per cent of first homebuyers from the past 18 months are either in “mortgage stress”, and using credit cards to meet obligations, or in “severe mortgage stress” and are missing payments.
Future interest rate rises, and job losses, will drive many more homeowners into crisis, which in turn will collapse the property bubble, wiping out millions of individuals, as well as Australia’s entire banking system.
(All of Australia’s banks were technically bankrupt in October 2008, squeezed between $643 billion in foreign debt, and falling domestic property prices which raised the spectre of negative equity—properties worth less than the mortgages. However, the Rudd government didn’t reorganise the bankrupt system, but, at the banks’ request, covered it over, by guaranteeing their foreign debt, and extending the first homebuyer’s grant, to reinflate the property bubble.)
Citizens Electoral Council leader Craig Isherwood today declared the only solution is the CEC’s Homeowners and Bank Protection Bill (HBPB).
“We can’t keep creating more debt to save the bankrupt financial system,” Mr Isherwood said. “We must reorganise it, using the HBPB.
“The Government’s responsibility is the common good of the people—not propping up housing bubbles and bankrupt banks.
“Instead of protecting the people, the government—and the media—are shysters preying on suckers, to feed them to the banks.”
The CEC National Secretary explained, “The HBPB will keep families in their homes, while putting the banks through bankruptcy reorganisation, which involves: sorting through their debts and cancelling the bad ones; writing off their unpayable derivatives obligations; and restructuring their mortgages.
“Because this wasn’t done when we first proposed it in August 2007, we have created a lot more debt, and are now in an even bigger mess.
“Any more debt will trigger a hyperinflationary meltdown, so now the HBPB is our only choice.”
=================
Jibber Jabber I need to let out:
As the European Union already have the Data Retention Directive (Directive 2006/24/EC) and my country are in the process of getting it, here is the next step to look out for under developing:
Project INDECT (Intelligent Information System Supporting Observation, Searching and Detecting for Security of Citizens in Urban Environment)
The main expected results of the INDECT project are:
*to realise a trial installation of the monitoring and surveillance system in various points of city agglomeration and demonstration of the prototype of the system with 15 node stations,
*implementation of a distributed computer system that is capable of acquisition, storage and effective sharing on demand of the data as well as intelligent processing,
*construction of a family of prototypes of devices used for mobile object tracking,
*construction of a search engine for fast detection of persons and documents based on watermarking technology and utilising comprehensive research on watermarking technology used for semantic search,
*construction of agents assigned to continuous and automatic monitoring of public resources such as: web sites, discussion forums, UseNet groups, file servers, p2p networks as well as individual computer systems,
*elaboration of Internet based intelligence gathering system, both active and passive, and demonstrating its efficiency in a measurable way.
http://www.indect-project.eu/
http://cordis.europa.eu/fetch?CALLER=FP7_PROJ_EN&ACTION=D&DOC=4&CAT=PROJ&QUERY=011f30e52539:b685:00e1e967&RCN=89374
Together with
‘Anti-Counterfeiting Trade Agreement (ACTA)’ and ‘Automatic Detection of Abnormal Behaviour and Threats in crowded Spaces (ADABTS)’ and the already implemented ‘Data Retention Directive’
you are being watched – but do you feel more safe?
Defense shares gain on spending boost in U.S. budget http://tinyurl.com/ykwx7qr
Obama Proposes Another Surge in Military Spending http://tinyurl.com/y8elmjs
Obama’s Budget Calls for Billions in New Spending for Drones http://tinyurl.com/yjtgmj7
Obama’s Preposterous “Partial Spending Freeze”; Lessons of 1937 (Miss Shedlock) http://tinyurl.com/y9yptze
A decade of zero, except for defense spending (Miss Shedlock) http://tinyurl.com/ybrpukk
For anyone interested in what Edward G Griffin has to say in his talk ” The Quigley Formula”,..
http://casazaza.blogspot.com/2008/05/g-edward-griffin-quigley-formula.html
2minstral has a couple of shocking videos over at utube.
A budget that only Republicans could love http://tinyurl.com/yewwwnb
The US Can No Longer Afford Its Empire http://tinyurl.com/yd8dp5g
Obama Budget Defended, Challenged on Capitol Hill http://tinyurl.com/yeuo7ar
Fiscal year 2011 spending plan PDF http://tinyurl.com/ycoe8ou
Obama’s $215 million proposal for 500 naked body scanners in ‘11 http://tinyurl.com/yllh5qm
Stimulus to bring body scanners to airports 5 January 2010 (CNNMoney) http://tinyurl.com/yfa3shg
“More US mortgage holders sliding underwater”
Although this aritcle is mostly chit-chat, it’s amasing that the yanks are feeling guilty about walking away. In the UK, if you walk away, the bank can legally sell your home and chase you for the missing money. In the US, you can at least walk away.
There are loads of comments in the article like, “I don’t believe this is the right thing to do,” Why isn’t it the right thing to do? If the banks had the chance to walk away from a bad deal they would do it. They would say, “it’s just the best business decision, sorry bud”. There is no morallity to this, other than a moral duty to screw the banks.
Actually, looks like the fekkers will come after you in the US too.
http://money.cnn.com/2010/02/03/real_estate/foreclosure_deficiency_judgement/index.htm
If any F@#K’er advised me not to walk away from a mortgage because of morality
I’d ask him to pay the balance amount fer me
Thats one of the stupidest latest capagines to prop up the housing bubble; these peeps seem to have an IQ of negative 30 IMO
Hic
@Y’All
posted this song before but without… the nice little David Lynch visuals and the mp3!!!
Tom Waits – Walk Away.
http://www.youtube.com/watch?v=B2bNMpAGfFQ
(mp3) http://tinyurl.com/nh7aly
‘Dot King was whittled from the bone of Cain
with a little drop of poison in the red, red blood
She need a way to turn around the bend
She said I want to walk away and start over again.
There are things I’ve done I can’t erase
I want to look in the mirror, see another face
I said never would I do it again
I want to walk away, start over again.
No more rain
No more roses
On my way, shake my thirst in a cool, cool pond.
There is a winner in every place
There is a heart that’s beating in every page
The beginning of it starts at the end
When it’s time to walk away and start over again.
Weather is murder at a hundred and three
William Ray shot Corabell Lee
A yellow dog knows when he has sinned
You want to walk away and start over again.
No more rain
No more roses
On my way, shaking my thirst in a cool cool pond.
Cooper told Maui the whole block is gone
They’re dying for jewelry, money, and clothes
I always get out of the trouble I’m in
I want to walk away, start over again.
I left my bible by the side of the road
Carve my initials in an old dead tree
I’m going away but I’m going to be back when
It’s time to walk away and start over again.’
Who woudda thunk !
Obanana is quite a consumate piece of shit indeed. That’s a quarter billion US in pure waste. Mind you since this guy is nazi like Bush, maybe he will use all the photos for masturbation. Sick american fuck.
If you have 215$ millions to waite while a couple of thousand people are losing their jobs each 24 hours, you are indeed a consumate piece of shit. Just wondered like that. Bet you that most major shareholders of the scanners are Democrats and Repubiican pieces of brownshity shit ?.No partisanery here. the Republicans too are consumate pieces of nazis shits too.
Alex Jones is nott the crazy crackpot that people think he is. l USA and UK areis really becoming a nazi state. Even your penis and vagina aren’t private for these bastards. Had a question like that ? When will they be checking your rectum with their proctlogics implantable probe ? It’s next model in productio soon to be introduced in your body USA slaves.
Bend over slave that the Washington and Wall Street let’s you have it.
@Mep
You are right. Run away ! But where to ? Where to ?
@Bpnn
Don”t forget to whom you are speaking to. Lloyd Blankfien, its Goldman Sachs Lordshit is an God’s envoy. I find very funny hearing banksters talking about moral duty. It’s like a whore talking about virtue and chastety or a serial killer from the Pentagon talking about the sanctaty of life.
No one is paying attention to the negative headlines.
Afterall the main stream media are reporting better housing statistics.(red the fine print)
Jump for joy the recession is over. Sheeesh, Depression averted. Happy Days are here again. Come on now people clap. Sing and do a tap dance , remember positive thoughts result in positive results.
Lets be serious………..There is a economic depression coming, but so what. There are always great oportunities (as the elites know) in times like this, that those with knowledge prosper, beyond what they need to survive.
Personaly I’ll still have my beer, a few dances with the wife, and time with my friends while always staying in conciousness. Im happy and grateful for everything I have and even the things I don’t have, dont need.
Don not be fooled by my avitar. Just becasue I can read the road signs and pay attention to them just makes the upcoming part of the highway we are traveling on much easier to navigate.
For those who ignore the signs and refuse to prepare for the huge pot holes ahead, well these folks may find themselves stranded on the side of the road.
Best of Luck , no matter what road you travel
Alex Jones and his buddies, think we will be implanted with RDIF Chips.
Well I have news for him, we are laready being chiped.
Chips in Credit cards, debit cards, passports , drivers licenses and more to come. Plus retinal and hand scans are being introduced . Its already being done. They don’t need to put it under our skin. ( Im not a bible thumper , but , its says the mark the beast in our hands and in or in our heads).
The implanted IDs that Alex talks about will only be for criminals or enemies of state(terrorists) So. Be a good debt slave and you have nothing to worry about. (Yes, private jails are ramping up to put chips in prisoners). Google
http://www.forbes.com/2008/09/16/barclays-lehman-update-markets-equity-cx_tw_0916markets52.html
http://ftalphaville.ft.com/blog/2009/06/12/56965/diamond-bobs-bgi-jackpot/
http://www.indexuniverse.com/sections/newsinfocus/5982-its-official-blackrock-swallows-bgi.html
3 Trillion in assets. And joined-at-the-hip to the Obama .gov.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5518235/Sovereign-wealth-funds-back-BlackRock-move-to-acquire-Barclays-Global-Investors.html
sovereign wealth funds= access to sdr-denominated investment vehicles
win/win!
Good!
The bankers have the gall to talk about a moral obligation in light of their collective behavior….just takes your breath away.
@Depression Alert
I agree with your comments regarding the economic data.
I just reviewed the State of California Unemployment data from December 2009.
Here: http://www.labormarketinfo.edd.ca.gov/?PAGEID=1006
http://www.calmis.ca.gov/file/lfmonth/countyur-400c.pdf
When you look at this file,
http://www.calmis.ca.gov/file/lfmonth/allsubs.xls
You find that some cities have hit near 30% unemployment!
The Depression isn’t coming. It’s already here for many cities.
In fact, in looking at the Los Angeles County data, you can find some cities with near 20% unemployment as of two months ago.
Figured you’d be interested to read about the new fear mongering the US media is starting regarding defaults. Think you can simply walk away from your mortgage? Think again!
http://money.cnn.com/2010/02/03/real_estate/foreclosure_deficiency_judgement/index.htm?hpt=Sbin
So if you try to do the responsible thing and short sell the property, the banks come after you for the difference. Nice. I wonder when it will become official US policy to restart debters prisons.
Anyone hear O this morn talking about all the money that can be saved by moving agencies out of expensive building leases and restructuring assets in government. But if you are under water in your home the he recommends you keep paying.
@Dizzo
That’s why the Homeland Security has all these FEMA camps.
Portugal and Spain UNDERWATER this morning
Spain and Portugal bonds KRACHING. Snap Pop Crakle !
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMt1e_.q_sOU&pos=1