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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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From Steinbeck’s “Grapes of Wrath”:
If a bank or a finance company owned the land, the owner man said, The Bank—or the Company—needs—wants—insists—must have—as though the Bank or the Company were a monster, with thought and feeling, which had ensnared them. (…)
The squatting tenant men nodded and wondered and drew figures in the dust. (…) The owner men went on leading to their point: "You know the land is getting poorer. You know what cotton does to the land; robs it, sucks all the blood out of it." (...)
And the owner men explained the workings and the thinkings of the monster that was stronger than they were. "A man can hold land if he can just eat and pay taxes; he can do that." "Yes, he can do that until his crops fail one day and he has to borrow money from the bank.” “But—you see, a bank or a company can't do that, because those creatures don't breathe air, they breathe profits; they eat the interest on money. If they don't get it, they die the way you die without air, without side-meat. It is a sad thing, but it is so. It is just so."
The squatting men raised their eyes to understand. "Can't we just hang on? Maybe the next year will be a good year. God knows how much cotton next year. And with all the wars—God knows what price cotton will bring. Don't they make explosives out of cotton? And uniforms? Get enough wars and cotton’ll hit the ceiling. Next year, maybe."
They looked up questioningly. "We can't depend on it. The bank—the monster has to have profits all the time. It can't wait. It'll die. No, taxes go on. When the monster stops growing, it dies. It can't stay one size."
well what did this electorate do in november they elected a person who did not hide his intentions did not run on a no tax pledge but in fact proudly asserted that he was going to increase spending increase taxes on a particular class of people and put upwards of 2 million on the government payroll fixing infrastructure in cities run by liberals for 50 years kind of spread the wealth around
Just made a $15K lump payment on my land's loan.
Sorry, Mr. Banker - that's ~$880 less profit you'll be getting per year.
Go suck air and die!
And in other news:
An electronic billboard in NYC known as the National Debt Clock is out of service. The clock shows the accumulated national debt in dollars. When the debt passed $10 trillion recently, the counter on the billboard ran out of digits and it could no longer properly display the total.
The US national debt will have doubled from 5.5 trillion US taxpayer dollars to 11 trillion US taxpayer dollars in the 8 years of the bush.
I have said all along Supply-side Reaganomics where one borrows to grow is a fools game, but team bush with help from Chaney had to take this one step further.
What is going to happen as Obama's team takes this to the next level? I do not see how gold does not do a moon shot here, and the dollar goes right threw the scheitter.
Trying to create more debt on top of the old debt is like watching the inmates run the asylum.
US healthcare costs are nonsense.
We can easily turn the first world (but bloated) healthcare sector into a lean and mean, third world operation.
In other words, end the Cuban embargo and send our elderly over there for intensive care operations. FYI, their doctors are actually well-trained but w/o the big salaries of a Miami. Then, break the AMA guild and turn our stateside physicians (who BTW, don't have a right to an median $200K/yr salary) into physician assistants who do exactly that, assist but refer the big operations abroad. No more of this kickback system between generalists and specialists.
Wealthy Americans, on the other hand, can have their own personal physicians who operate outside of the reimbursement system. These doctors will be the greedy ones in the profession.
The physicians, who serve the public, however, will be reduced to that of a salaried engineer ($65K/yr-$100K/yr) with no collective bargaining AMA behind them. Allow international doctors to take the USMLE boards, not the adulterated foreign one. That'll insure a cheap labor supply because the AMA has been preventing this for years.
There is a reason why you save, it is for times like these.
http://online.barrons.com/
article/SB122790845583965243.html
Layoffs Are High and Headed Higher in Silicon Valley
BY THE TIME THE ECONOMY HAD WRUNG OUT the excesses of the Internet bubble, Silicon Valley-or more precisely, California's Santa Clara County-had lost 200,000 jobs, or more than 20% of its total job base. At one point in 2002, its unemployment rate hit 8.4%. This time, I fear, could be even worse.
Even though we Americans have a very low savings rate, it doesn't matter. It doesn't matter because foreigners are tripping over themselves to give us their hard earned savings. They are tripping themselves over just to buy our Treasury Bonds. Note, the 10 year Treasury Bond is almost 3%! So for all of those doom and gloomers, the U.S.A. is still number one!
Didn't you once believe that your house was your saving.
Will the high end home get effected also.
http://www.housingwire.com/2008/11/20/alt-a-losses-outstripping-expectations-moodys-says/
Alt-A Losses Outstripping Expectations, Moody’s Says
Credit ratings agency Moody's Investors Services said late Monday that serious delinquencies on alt-A mortgages originated in 2006 and 2007 has increased sharply over the past six months.
As of Oct. 2008, serious delinquencies for Alt-A pools — including option ARMs — averaged 20.3 percent of current balance for the 2006 vintage and 17.5 percent for the 2007 vintage, up from 16.9 and 12.2 percent six months ago.
Serious delinquencies refers to mortgages more than 60 days in arrears, in this case.
What happens if you live but don't work in Los Altos, do you need to keep a saving.
Los Altos, CA
3 beds,
2.0 baths,
1,474 sq ft
Lot 11,662 sqft
Built in 1951
Sep 14, 2004, Sold $1,150,000
Oct 27, 2008, Sold $303,000
Los Altos, CA
4 beds,
3.5 baths,
2,637 sq ft
Lot 50,094 sqft
Built in 1963
May 31, 2007, Sold $2,700,000
Oct 27, 2008, Sold $270,000
Los Altos, CA
3 beds,
2.0 baths,
1,852 sq ft
Lot 20,000 sqft
Built in 1948
Aug 30, 2001, Sold $1,400,000
Jun 06, 2008, sold $349,500
http://www.losaltosonline.com
/index.php?option=com_content&
task=view&id=1641&Itemid=123
If you live and work in Los Altos, you don't have much to worry about
At one time, Cardus said, the state saw the median home price increasing because higher-end homes in the market were selling.
These days, the state’s median price has fallen because it is more difficult to secure jumbo loans to finance pricier homes, and there has been a significant shift toward a higher portion of sales occurring in lower-cost inland markets.
These distressed sales are making up a large percentage of the sales transactions and the discounted prices of these homes are pulling the median price down.
I'll be all around in the dark. I'll be everywhere. Wherever you can look, wherever there's a fight, so hungry people can eat, I'll be there. Wherever there's a cop beatin' up a guy, I'll be there. I'll be in the way guys yell when they're mad. I'll be in the way kids laugh when they're hungry and they know supper's ready, and when people are eatin' the stuff they raise and livin' in the houses they build, I'll be there, too.
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