The World is
Not Going Back to Normal
After the Magnitude
of What They Have Done
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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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57 comments:
More doom and gloom.Get off our asses and support america.Quit having circle jerks all day in your moms basement.How is renting?
Wanna do something fun?
Call Tim Geithner here
(202) 622-2000
Ask if anyone's seen him, and if he's OK. You can ask for his voicemail to leave a message too.
Hey, it'll get you nowhere, but it is fun.
http://www.cnbc.com/id/29308196/
Did you see the CNBC article about AIG supposedly revealing the biggest loss in corporate history next Monday. Ouch!
Europe sure aint going back to normal, cause they would have had to be normal in the first place.
Man, if you all think things may be getting bad here, well; the land of the Eurotards will make us look good..
Ooooobaaamy!
Gimme Cheese
America is Dead.
DIE
Another great man that people won't listen to, Alan Keyes. A man I voted for in the primaries years ago. I have a lot of respect for this individual. he tells it as it is.
http://crooksandliars.com/david-neiwert/alan-keyes-we-must-stop-radical-comm
signed,
Angry Leprechaun formerly known as Taco Chowder
O.B.A.M.A = M.O.A.B.O
Obama will save us!
I want my mommy.
This system is broken, and will have no choice to fall apart - regardless of how much devaluated money is thrown at it.
Whether you rent, pay mortgage on a depreciating cracker-jack box home, or own, it makes no difference.
Life is going to get very hard for the majority of folks here in the states due to all the reckless spending and over-consumption for the past several years.
This phony economy is finished, and something of real worth will need to replace it.
Here's the headline today:
"Major stock market indexes fall to 1997 levels"
My question is, once you factor in inflation, what year are we REALLY back to now?
1987?
Angry Leprechaun formerly known as Taco Chowder
Agree with ya re: Alan Keys.
Immediatly after 911 he had a TV show, that in my opinion was the only one talking truth.
I certainly hope so. Real recovery CAN NOT start in this broken system. How long it will take until we take it to the street ?? I'm running out of patience.
keith said...
Here's the headline today:
"Major stock market indexes fall to 1997 levels"
My question is, once you factor in inflation, what year are we REALLY back to now?
1987?
February 23, 2009 10:02 PM"
1937. Looks like we NEED another Hitler (Obama doesn't count he supposed to be on OUR side...).
Hmm. Interesting.
Dow Gold parity man, comin back atcha (happens every 40 years or so). My guess is that they meet around 2000 depending on how much munny they print.
The house of cards is like a thousand Enrons and all their hubris filled something-for-nothing scammers have finally eaten the goose that was laying the golden eggs.
The super MOA shitstorms comes when China hits the skids and stops gobbling up the tbills they're printing like there is no tomorrow. Then the gig is up. O-V-E-R.
The funny thing I laugh at is the sheeple believe they are entitled to a bailout becuase they are Americans. For some reason they feel some supernatural powers above the laws of physics that keep them from being impoverished. That there is something in our soil that is all holy. What a joke. I can't wait to see some of these people in the food lines.
Maybe you're right about being past denial, Keith.
I think my sample is skewed here in San Diego by talking to people who are still busy working.
A little free time to read(the Internets) goes a long way(down.)
Best laugh: "...21 percent suggesting that things are going well..."
NO DOUBT Bush diehards.
Guy could've raped and butchered a goat on the South Lawn, invited a 1000 illegals for birria, and heard applause when he farted.
Angry Leprechaun said...
That there is something in our soil that is all holy. What a joke. I can't wait to see some of these people in the food lines.
-------------------------------
They must never forget that they are allowed to wait for their stone soup under "The Shining Beacon of Freedom on the Hill".
If this is not deflation, I'm not sure what it is:
WSJ - Railroads, which have seen shipping volumes drop by double-digit percentages in recent months, face a particularly vexing problem. The nation's five largest railroads have put more than 30% of their boxcars -- 206,000 in all -- into storage, according to the Association of American Railroads. Placed end-to-end, the cars would stretch from New York to Salt Lake City.
In December, residents in southern New Jersey were confused by the sight of a two-mile-long line of rail cars resting on a largely unused rail line in Cape May County. Some of the cars were parked only a few feet from houses.
In December, Union Pacific Corp. parked a three-mile-long string of cars in the small town of Thornton, Colo. After staring at the idled cars for a month or so, local residents revolted. The railroad eventually agreed to move the cars to a less-populated area.
A few months ago, Mr. Atkinson, who works for the county and has lived in the area his entire life, became so enraged he began posting YouTube videos of the graffiti-strewn cars to try to draw attention to the situation. "Block after block, lovely yellow cars," he says in one of the videos, shortly before the camera pans to a rail car painted with a picture of a marijuana leaf. "Can you imagine living next to those?"
And Cramer was just telling his legion of idiots to buy oil...bwahaha Oh, BTW all those rail cars use diesel. You're such a genius, Cramer!
.
It hath been foretold
.
Anyone that thinks China will continue to buy treasuries is delusional. They have already stated that they would not buy more without guarantees and they have already started spending those dollars on buying commodity companies around the world. Plus if they already own 600B in treasuries why would they double down now that they are even riskier. They will do what is in their best interest and buying treasuries is not it.
i am still waiting for BO to fill up my gas tank. I know he is busy trying to pay my mortgage.
BO is going to be a bigger loser than Bush II. we are witnessing the beginning of the end of the democrat party as we know it. It was taken over by the neo-liberals and they are now killing it.
BO now says he is going to lower the deficit, right after he raises it.
Anonymous Angry Leprechaun said...
The funny thing I laugh at is the sheeple believe they are entitled to a bailout becuase they are Americans. For some reason they feel some supernatural powers above the laws of physics that keep them from being impoverished. That there is something in our soil that is all holy. What a joke. I can't wait to see some of these people in the food lines.
HEY ASSHOLE/ANGRY LEPRECHAUN, YES AMERICA IS DIFFERENT. WE ARE THE LAND OF FREEDOM AND WEALTH AND OPPORTUNITY. I BELIEVE IN AMERICA AND BEFORE YOU KNOW IT WE WILL BE ON THE ROAD TO PROSPERITY (MID 2010 I THINK). SO IF YOU DON'T LOVE AMERICA, THEN LEAVE IT NOW!!!!!!!
Keith,
I've been thinking for a while now about expatriating myself to a pretty cool (well, warm, actually) 3rd-world country.
Not sure if I have the cajones... it would be damn complicated, and I'm no spring chicken anymore (running out of time for stupid mistakes).
Any general advice on the subject? Serious question.
So reading this blog, one would think the choice is between a right-wing nut job like Keyes or a left-wing dilletante like Obama.
In that case, I'd choose option 3: Australia.
Good idea...crank calls to Tim Geithner.
Leave messages from the IRS, Turbo Tax, Hank Paulson, Ron Paul, Nouriel Roubini, Ben Bernake, Karl Denninger, Karl Denninger, Karl Denninger, Karl Denninger and Karl Denninger.
By the way, why doesn't your light spin around like Drudge?
Just askin.
One of the best documentary I found so far on "what they have done"
http://www.pbs.org/wgbh/pages/frontline/meltdown/
your boy gives his big state speech tomorrow getting set to see how many times he blames bush lets see bush bush bush bush bush bush bush bush bush bush bush that should do it this will fly for another two three months then i think he owns it but we might all be underground by then except for the school bus drivers and every time i look hes following a bush policy amazing he even has billy ayers losing it
Some progressive radio talk show hosts are now calling on people to go out and spend!!! Spend what? The sheeple can't even borrow money now!
I wish I could borrow a million now. I'd sure spend it like crazy. Knowing what I know now, what do I care?
Yeah!! Let's go out and splurge folks! Let's spend the neighbor's money! Didn't we just bail him out? LOL!!
Greg Swann is forced to write his own fake positive reviews on yelp:
http://www.yelp.com/biz/bloodhoundrealty-com-phoenix
It get's much worse from this point forward, since the administration has decided to accelerate the problem - adding fuel to the fire by throwing devaluating dollars after dead dollars.
The only way to resolve this problem is to let the "too big to fails" actually fail, and to support the businesses that are actually viable - but that means the status quo must be broken up, and that they'll never do, even if it means throwing the world into a major depression.
May have been the only intelligent thing Glenn Beck said.
Here's the headline today:
"Major stock market indexes fall to 1997 levels"
Wake me up when we are at 5200.
Goodbye Citi. Goodbye BofA. Good Riddance.
Check this shit out.
I got an email from Don Harrold advertising that he was also a musician, with samples. It was actually quite good so I bought the $15 album, and after 7 weeks and 15 calls/emails, Still no contact of any kind.
So I wrote my final email today, "And you expect me to take financial advice from you?" Thanks Don.
I like Obama but he doesn't get the magnitude of the situation. IF he did he would had already proposed %3 percent mortgages to every credit worthy borrower!
Here Keith, more on your heroes:
WSJ - A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud.
The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors and also invested about $2.7 million of their own money in the fund, according to a lawyer for Paradigm. Paradigm Global Advisors is owned through a holding company by the vice president's son, Hunter, and Joe Biden's brother, James.
How 'bout a doing a poll, Keith, something like this:
What's Really Going On?:
[] Incompetence/Stupidity
[] Some Other Seriously Scary Agenda
"HEY ASSHOLE/ANGRY LEPRECHAUN, YES AMERICA IS DIFFERENT. WE ARE THE LAND OF FREEDOM AND WEALTH AND OPPORTUNITY. I BELIEVE IN AMERICA AND BEFORE YOU KNOW IT WE WILL BE ON THE ROAD TO PROSPERITY (MID 2010 I THINK). SO IF YOU DON'T LOVE AMERICA, THEN LEAVE IT NOW!!!!!!!"
Where you got that I don't like my country is beyond me? I hold my freedom and my wealth to a very high regard, and it is being threatened by our gubermint that is supposed to uphold the Constitution and is failing. I think I will be staying.
If anything I am to the point I am willing to fight to preserve the USA for future generations to enjoy what I have the last 32 years. Sorry if I am not big on a bunch fellow citizens who want the American Dream handed to them just because they live here. The dream is earned, not financed out of thin air, not given away because some feel everyone should have it just because. You create the dream within you. No one is entitled to it.
Don't ever put words in my mouth again. Make like 12 million illigals and get out yourself.
Is it time to walk away from those option Arms, Alt-A, and NINJA loans.
Aren't many of these type of loans beginning to reset.
http://seattle.bizjournals.com
/seattle/stories/2009/02
/16/daily40.html
Jumbo mortgage defaults rise
Defaults on jumbo loans are rising at the fastest pace since 1992, a sign that the financial crisis is reaching wealthy homeowners, according to LPS Applied Analytics, a Jacksonville, Fla., mortgage data service.
About 2.57 percent of prime borrowers who took out jumbo loans last year were at least 60 days delinquent, a percentage reached within 10 months. That’s almost twice as quickly as 2007 and a level that 2006 owners haven’t attained after almost three years.
So what will to happen to MBS investors, when all those option Arms, Alt-A, and NINJA loans reset.
http://www.chinadaily.com.cn/
world/2009-02
/24/content_7507589.htm
A recent Credit Suisse report has revealed that a potential $1 trillion of the so-called Alt-A and Option ARM mortgages would have their interest rates reset through 2011.
A second round of mortgage defaults - even more powerful than the sub-prime woes - will hit the US economy and lead to more bank closures and a prolonged recession, economists have warned.
It would deal a heavy blow to Chinese holdings of dollar assets and the country needs to take pre-emptive measures to ward off such risks, they have suggested.
So who is going to pay off those high leverage insurance policies now (hedged positions).
http://www.publicbroadcasting.net
/woub/news.newsmain?action=article&
ARTICLE_ID=1473136
American International Group Inc , rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss in a quarter in corporate history.
The $60 billion would exceed Time Warner's $54 billion single-quarter loss in 2002 and dwarf the $24.5 billion loss AIG posted in the third quarter, when the government increased its rescue package for the insurer to about $150 billion.
Isn't time to regulate lending standards and stop Yield Spread Premium.
http://story.malaysiasun.com
/index.php/ct/9/cid/b8de8e630faf3631
/id/469979/cs/1/
Economic crisis transforming finance industry
The crisis has wrong-footed observers repeatedly.
This should make us wary of firm predictions of the new financial world.
This sense of humility is reinforced by the realisation that the full extent of the damage caused by the crisis has not yet been realised.
Thus the current tally of losses incurred by banks worldwide is around US 700bn, but the final bill could be a mutiple.
As a result, the rules of the game may change several times before the picture becomes clear.
The law of unintended consequences has been at work in spectacular fashion in this crisis.
Every bank will be nationalized....how can a small bank compete with a BofA that has been taken over by the govt and has its own printing press to make money whenever it wants?
WE a screwed as generational debt slaves. Cheers!
Let it crash.
America will be a better place if people paid cash for the stuff they buy.
Although credit allows you to have stuff now, you'll pay it back in spades with interest. In the long run, it is inefficient. You can have more if you're patient and save for what you want.
Yes. It would be very difficult to save for a house. But, without credit, most houses in America would be half price. Also, houses would be more reasonable in size. McMansions would be a thing of the past and small, practical houses of 1000 sq ft will be the norm.
Frugality makes for better consumers. People will look for quality and durability in the products they buy. Look at the stuff America made between 1870-1960. Things were built to last. We need to quit buying junk or quit replacing things because it looks dated. Quality always looks good.
Let the big banks and insurance companies fail, we don't need them!
IF IT IS TRUE THAT THE DOW INDUSTRIAL AVERAGE DOW HAS DELISTED ALL COMPANYS UNDER 10 DOLLARS IN PRICE/VALUE HOW DO YOU TELL THAT THE 7200 AVERAGE IS NOT REALY 2000
WSJ - Railroads, which have seen shipping volumes drop by double-digit percentages in recent months, face a particularly vexing problem. The nation's five largest railroads have put more than 30% of their boxcars -- 206,000 in all -- into storage, according to the Association of American Railroads. Placed end-to-end, the cars would stretch from New York to Salt Lake City.
In December, residents in southern New Jersey were confused by the sight of a two-mile-long line of rail cars resting on a largely unused rail line in Cape May County. Some of the cars were parked only a few feet from houses.
THERE HAS NEVER BEEN A BETTER TIME TO BUY REAL ESTATE RAILROAD CARS!!!
Because it's all you'll be able to afford in the future. You're going to be living like a hobo. Get title to something that the railyard bulls can't kick you out of. And you can move your home to another state if you ever get a job.
Next up on RCGTV, the hit show "Pimp My Railroad Car!"
Look, I saw this one coming when I was an uneducated kid and have been waiting with bated breath these last 40 years. Uncontrolled growth in medicine is called cancer.
The new normal may be more user friendly if we think along horizantal lines rather than top down. It is not about power over but power sharing. People need to control their own work places, get rid of the bosses, get rid of the politicians. Democracy like Communism has been rotted out by corruption. The owner class just can't be trusted to work in the direction of the common good.
Gramma
Brian Miller said...
So reading this blog, one would think the choice is between a right-wing nut job like Keyes or a left-wing dilletante like Obama.
In that case, I'd choose option 3: Australia.
Brilliant idea! Glad I thought of it. Five years ago. Remember the old saying: "The rat who jumps off the sinking ship first -- WINS!"
"Bukko_in_Australia said...
Brian Miller said...
So reading this blog, one would think the choice is between a right-wing nut job like Keyes or a left-wing dilletante like Obama.
In that case, I'd choose option 3: Australia.
Brilliant idea! Glad I thought of it. Five years ago. Remember the old saying: "The rat who jumps off the sinking ship first -- WINS!"
Winner? Not Really, just a wet rat like you.
DIE PIGS
http://finance.yahoo.com/q/bc?s=%5EDJI&t=my&l=off&z=m&q=l&c=
We're going down - it's a long way to the bottom.
I heard some new through a friend that the Fremont, CA auto maker NUMMI has laid-off another shift and are only working 9 days a month. Next month will be worse.
Instead of these laid off workers sitting around while being paid union wages, NUMMI has partnered up with the city of Fremont to get these workers off the couch and do landscaping maintance around town.
Anyone heard of a sidewalk sweeper or leaf blower making $60 dollars an hour?!?!
Can this get any stranger?
"Defaults on jumbo loans are rising at the fastest pace since 1992, a sign that the financial crisis is reaching wealthy homeowners, according to LPS Applied Analytics, a Jacksonville, Fla., mortgage data service."
LOL....we know who those wealthy school bus drivers are!
We're going down!
In that case, I'd choose option 3: Australia.
Hey genius, you live in a police state that's about to censor your Internet. One of the reasons the Japanese didn't invade Australia was because Aussies were armed to the teeth at the time, but now the New World Order (from your master Britain) are confiscating all guns. Aussies are all being domesticated like Bukko. Australia is a puppet from the UK.
"...NEVER BEEN A BETTER TIME TO BUY REAL ESTATE RAILROAD CARS!!!...You're going to be living like a hobo..."
{LMAO}
"...move your home to another state if you ever get a job..."
Can't keep sweeping things under the rug much longer! When will the tipping point be?
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