Too bad we didn't have investigative journalists in America these past few years. Because REAL reporters would have LOVED to uncover a mess like the one we're in now.
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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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19 comments:
The MSM can shrivel up and die. Unfortunately it won't and therefore I won't be able to have any conversations with friends or family about "the world."
I cannot believe they are so behing the eight ball here.I think we have been talking about this crap since 2004.That is when I started to see the bubble get out of control.Do these people live in caves or are they that stupid.
You are going to have a shitload of loans to so called good credit people go bad.This is a total mess, worse than I imagined.
Why do I have such a problem with Authority figures. As soon as he said "When it comes to bailouts..." I wanted to shout SHUT THE FUCK UP!!!
But then watched it anyway :)
wait -- there was a real estate bubble?
Got to love a good Ponzi scheme!
Buy now or be priced out forever!!!
Ouch.
http://www.marketwatch.com/tools/quotes/intchart.asp?symb=DXY&time=4&freq=1&comp=&compidx=aaaaa%7E0&compind=&uf=0&ma=&maval=&lf=1&lf2=&lf3=&type=2&size=1&txtstyle=&style=&submitted=true&intflavor=basic&origurl=%2Ftools%2Fquotes%2Fintchart.asp
HI AGAIN TOOLS!!!!
WOW, A LITTLE LATE ON THIS DEAL!!!!
KEITH, YOUR MOABO IS 2012 - 2013!!!! HOLD DOPES TO THIS!!!!
THAT MIAMI MUNOZ F*CK IS A TOTAL DOUCHE!!!! GOES FROM BEING A REALTWHORE TO KICKING THE PEOPLE OUT OF THE HOUSES HE SOLD TO THEM!!!! I'LL SEE HIM IN HELL!!!!
HEY SATAN, YOU GOT ONE MORE COMING YOUR WAY!!!!
NEED TO RUN!!!!
TOOLS!!!!
DOLTS!!!!
DOPES!!!!
The media did fail the public regarding the fake economy ,for that matter 'Experts fails us ,the regulators failed us ,every normal check and balance failed us .
The History books will treat this as
the biggest scheme in history that was a repeat of what the greedy pigs did in 1929 .
How dare the Corporate/Political world claim that regulations weren't necessary / These people are Ponzi scheme thieves ,always
have been . This time Wall Street might never be able to get trust back /
yup, we are screwed. i just don't see how the market can recover until all of this passes. that one guy says now is a great buying opportunity; i don't think it is. when the alt-a's and option arms start going under next year the market is going to tank, tank, tank.
that woman who bought six properties is probably representative of most of the alt-a's and option arms out there....investors and speculators who had no intention of living in their units...and who owned multiple properties. she, and all the rest, will simply walk away from all of them. or sell back to the govt, which i am sure is getting ready to purchase all of these homes. hell, the Feds have pumped 8.5 trillion dollars in already...what's another 1.5 trillion (or less actually) for alt-a and option arms mortgages. paulson said it today: there will be no more bank failures. in other words, "we will buy further toxic mortgages".
canned food, bottled water, live ammo. go buy 'em.
Now the down economy is spreading across the globe in Europe.
http://online.wsj.com/article
/SB122943453980210289.html
The euro-zone economy is continuing to slow as 2008 draws to a close, with fresh data showing that the contraction in manufacturing and services is deepening.
Markit Economics also reported a darkening outlook for the euro-zone economy, saying the decline in new orders was the steepest since the survey began. New orders have now fallen for eight straight months. Employment declined for the sixth straight month in December in response to declining demand, while manufacturing registered a new record pace of job losses, a rate far above that seen in services, Markit Economics said.
"The further fall in the euro-zone flash PMI surveys confirm that the rate of contraction in economic activity in the region is accelerating fast," said Ben May, European economist for Capital Economics.
The economy around the world is doing just as bad.
The UK economy needs a Fed-style. The message from the real economy of output and jobs becomes more ominous by the day. The latest unemployment figures are shocking, way above expectations, and represent the worst monthly return since 1991. The agents' report from the Bank of England is equally grim, noting that activity in retailing, consumer services, business services, manufacturing output and construction are all at record lows. In other words the British economy is crying out for a touch of the emergency treatment applied by Ben Bernanke and the Fed on Wednesday night.
The German economy may shrink by at least 3 percent next year, a post-World War II record, the Frankfurter Allgemeine Zeitung reported, citing an Economy Ministry forecast.
Australia's Economy Sinks Further into Recession. The AIG (Australian Industry Group) report for November states that "manufacturing activity fell for a sixth month in a row".
New Zealand economic outlook gloomy. Finance Minister Bill English told reporters New Zealand was still in recession and he did not know when it would end. Unemployment is predicted to rise to 6.4 percent from the current 4.2 percent. The Reserve Bank of New Zealand has cut interest rates by a total of 325 basis points since July to try to stimulate the economy and cushion the impact of the global downturn. It is expected to keep cutting to a low of 3.50 percent by the middle of next year.
Singapore Nov exports slip, recession seen continuing. November's 2.8 percent fall after seasonal adjustments in non-oil domestic exports followed a revised 7.5 percent drop in October, amid a weakening global economy that pushed the country into its first recession in six years in the third quarter. 'It's just further evidence that the contraction in global export demand is impacting Singapore. For the fourth quarter we'll probably have another quarter-on-quarter contraction,' said David Cohen of Action Economics.
Will ECB follow the US Federal Reserve lead and cut interest rate to zero.
http://news.theage.com.au/business
/ecb-could-cut-rates-under-20-per-
cent-20081218-70z5.html
ECB could cut rates under 2.0 per cent.
Pressure has grown on the ECB to slash the cost of eurozone borrowing after the US Federal Reserve cut its base lending rate to virtually zero on Tuesday.
ECB governors have lowered their bank's main rate by a total of 1.75 percentage points in three months to its current level of 2.50 per cent, but business activity in the 15-nation eurozone has continued to slump to the lowest level since the bloc was formed 10 years ago.
C'mon, y'all! This is supposed to be forward-looking, idea-swapping forum now.
So, let me ask all you geniuses, how do we make a boatload of money off of these new alt-A and option-arm failures?
Seriously, with volatility like this, there has to be money to be made.
"...GOES FROM BEING A REALTWHORE TO KICKING THE PEOPLE OUT...
Presidential Medal of Freedom candidate.
He's freeing up those fees, and liberating the houses he sold.
But wait a minute:
"Real Estate always goes up"
"God is not making anymore land"
"There is only so much waterfront property"
Look, it's simple. The parents were gone on vacation, the boomer kids took over the rec room, turned up the hi-fi, raided the liquor cabinet, then called their friends to come over, yelled Toga Party!, founds Dad's car keys and took out the jag and wrecked it, set fire to the house, now they are all sitting in the holding tank waiting for the parent figures to come and bail 'em out. But wait -- who exactly are the 'parents'? And when the hell are they comin' back from vacation???
"I think I might have like kind-of sort-of a little like 6 properties. I think, maybe."
Bet she voted for McCain!
60 minutes should do their homework. The guy who talked about his company doing the foreclosure "clean-up" was also into real estate investments. According to a few sources, he has foreclosured on some of his own properties...go figure!
I thought Dentists were the dumbest, mnost greedy so-called 'professional'.
This douche makes dentists look smart. That is saying a mouthful.
Pun Intended.
DIE U PIGS
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