Video of Vandalized Foreclosed Homes in Las Vegas
Submitted by
CalculatedRisk on Wed, 04/30/2008 - 3:02pm (119 comments)
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so why don't they ARREST some of these people?
I do think many of them probably felt better, for a while at least, after trashing the home that was "taken" from them.
To quote a 13 year old... "Duh!"
If you let people with the financial literacy of a 13yr old buy a place, you should expect them to treat it accordingly when they leave.
The lenders deserve it and the deadbeats should be prosecuted. Enough of the crybabies who lived high on the hog and then ransacked the house when the party ended.
That report isn't accurate.
These are bailout properties that angry renters and responsible taxpayers have ripped up in protest.
OT but does anyone know what happened in Brazil today? The iShares index jumped 7%. Thats a boatload for an index to increase...
so why don't they ARREST some of these people?
Because it's their property and they can do what they want to with it (even though they probably never had the ability to pay for it).
The whole point of homeownership is that you're free to cover the floor in all the feces your heart desires.
OT but does anyone know what happened in Brazil today? The iShares index jumped 7%. Thats a boatload for an index to increase...
Yeah, we talked about that earlier. S&P gave them a ratings upgrade.
Might peculiar timing, eh? Especially when people like GMO have been talking about an oncoming emerging market bubble.
Kinda hard for me to believe it's a coincidence.
ac, thanks!
I'm kinda shocked that that many people can still put that much faith in S&P.
How's that go... Shame me once.... Shame me twice....
Is there anything for Shame me the two hundredth time?
(Of course I bet these sentiments were also uttered earlier today!)
Does that first video play awfully for anyone else? Maybe big brother is politely giving me a message...
GET BACK TO WORK YOU BUM! ! ! !
...................
What's that "Cash for keys" mentioned in the CNN video? Banks are encouraging jingle mail, so to speak?
Yeah, destructive irresponsible homeowners are the cause of all our problems.
And did you hear about the lady who tried to dry off her poodle in the microwave? And it exploded?
"You mean somebody actually took the columns?"
"Yes, they took the columns."
Renterfornow writes:
The lenders deserve it...
...speaking of which, I love this headline at Reuters this evening:
US panel to examine Countrywide, bankruptcy
UPDATE 1-US panel to examine Countrywide, bankruptcy
| Reuters
The hearing will investigate allegations "that mortgage lenders like Countrywide have abused the bankruptcy system". however, Countrywide is only company scheduled to testify at the hearing.
And I didn't even know Countrywide had filed for bankruptcy yet....
I'm somewhat suprised no one has jacked a house off it's foundation and moved it to an undisclosed vacant lot or ranch, before mailing in the keys....can a bank get the structure back if it's address has changed?
It sounds outrageously funny now, but 3 2 1....
ac - The country will be one of the top 10 oil producers going forward. Huge reserve find was announced - but not yet confirmed by independent soureces. If the estimates are true it will be the third largest oil producer by 2011.
House damages? Next mortgage innovation: Upfront damage deposit for buyers - you get the deposit back after the 30 year mortgage is paid off
"can a bank get the structure back if it's address has changed?"
Bloody good question!
Let's see. They took out liar loans and put 0% down. Extracted big $$$ in HELOCs and bought electronics, plastic surgery and leased Hummers.
They don't pay (and will not pay back the HELOCS)and they have the audacity to destroy the place?
Oh yeah. I must be smoking crack. Our citizens are largely a$$holes - what was I thinking?
ac you say "Because it's their property"
I'm not so sure about this. Its the lender property until the money is paid off.
Tanta?????
Maybe lenders will start pricing loans with an appropriate risk premium...
Ask Sheila where she was the past 3 years when banks wrote and originate these toxic garbage. where was this bimbo?
chairman@fdic.gov
ac - The country will be one of the top 10 oil producers going forward. Huge reserve find was announced - but not yet confirmed by independent soureces. If the estimates are true it will be the third largest oil producer by 2011.
Again, I don't think that justifies a perfect parabolic meltup in the kind of stocks that you and I can buy from over there.
Do you think if there are companies over there that are that valuable people are going to be just handing out the property rights like that?
BTW EWZ is up almost 2000% since 2003. I had a similar fund until the end of 2006 (wish I'd kept it longer).
But how is it possible to justify stocks increasing 50% year after year in an economy growing 5% a year? Especially when over the long-term increases in real stock values tend to trail real GDP increases.
But how is it possible to justify stocks increasing 50% year after year in an economy growing 5% a year?
Weellllll, if they're paying higher dividends than the 10 year treasury rate, they are a screaming buy. Or so my cheery financial advisor (master of the Wright Model B), tells me.
Invest in Brasil - and emerging markets in general - at your own peril. To a far greater extent than the US, the ruling class there gratuitously loots wealth at the expense of the poor, and with little regard to the long term stability of the country. Politicians are judged not based on whether or not they are corrupt - they all are - but based on whether they actually complete any useful projects in spite of the corruption.
It could look really good from the outside and collapse in a rotting heap in no time.
-Jaso
hey guys, I have a question. a relative will be closing his gas station business soon and later in the year file for bankruptcy. There is lot of fixtures and equipment in the shop. Can he sell it, clean empty the shop before closing it and handing over to the bank? of course he will have to keep track of teh money received by selling the stuff.
I saw this on CNN today also. I was surprised (maybe I should not be) that people would actually do this, but as a friend once told me, desperate men do desperate things.
banta - I'm almost positive this is one of those questions you don't want to ask a bunch of nameless yahoos on the Internet. I say check with a lawyer.
It is the owner's property, subject to lien, until the bank takes it in foreclosure. However, I believe the mortgage requires that the asset not be wasted, by the removal of fixtures and such that would depreciate its value. Technically, making one of your bedrooms into a dressing room for your master suite may violate your mortgage, but banks rarely complain or even track such things when done in the pursuit of tarting up your house. In any case, knocking out your sink while you own the house violates your civil contract with the bank, but is not a criminal offense.
After the foreclosure process transfers ownership to the bank, things are a bit different. However, the law treats quite differently people who entered a property lawfully compared to burglars who break into a house under renovation to liberate the copper plumbing.
I expect a rise in the use of key money, though banks may start to make examples of a few of the least photogenic perpetrators in states where the law allows them to.
Wow here I am renting while homeowners get to paint their walls with feces. Am I ever missing out.
"closing his gas station business soon"
as long as its his property he can do with it what he likes..
As far a real estate sales goes if its not screwed to a wall its out of the sale. Unless in the itemized in the listing.
Save CA, is it is not excluded, it is deemed included.
Then again MLM has good advice. I'm not sure but you can profit once BK is initiatied.
Markel says:
"the law treats quite differently people who entered a property lawfully compared to burglar"
Yup! - a few empty REO properties that I know of have "hidden cameras" triggered by motion....
Why don't the mortgage holders go on a rampage? Oh wait, the fed is going to buy their mortgages and pay full price. After all, the mortgage holders are the reputable people. Subprime borrowers are, well, subprime. I guess the buyers are getting what they deserve...
A lot of the reputable people told homebuyers a lot of things that are turning out to be untrue and some buyers are angry. Imagine that? What nerve!
a few empty REO properties that I know of have "hidden cameras" triggered by motion
So is the theory they can sell the footage of a few full-on rave parties and make up some of their losses that way?
There is no place like Texas!
Houston Chronicle
Grand jury indicts justice's wife on arson charge
"A Harris County grand jury indicted Texas Supreme Court Justice David Medina's wife this afternoon, alleging she burned down their Spring home and damaged two neighbors' homes.
Prosecutor Vic Wisner said Francisca Medina was indicted on a felony arson charge for the destruction of her home, felony criminal mischief of more than $200,000 of damage to their neighbor's home and criminal mischief, a state jail felony, for damage done to the house behind the Medina's home."
404 Error, No such article | Chron.com - Houston Chronicle
Sorta reminds me of Roger & Me (1989)
Michael Moore, Director.
YouTube
- Roger & Me (1989 trailer) a film by Michael Moore
Only this time the whole country is affected.
MLM - Yup!
Want a rave? Search CFC for the nearest REO near you and party on! Just be sure to remove anything that looks like a disconnected motion detector
He can remove the leasehold improvements that he installed and paid for, provided he repairs any damage caused by removal (leaves the space "as was"). He can't remove any fixtures that are a permanent part of the real estate, such as electrical wiring or plumbing. Any tangible personal property or equipment (not nailed down) he can take unless their is a UCC on them.
FFDIC - luv to see ur thoughts on the FDIC plan to take on house mortgages..
Banta:
I think that your relative should rent a cotton candy machine and make it look like Charlotte's Web. All pinky and sweet looking...
Course, I'm not a lawyer...
Invest in Brasil - and emerging markets in general - at your own peril. To a far greater extent than the US, the ruling class there gratuitously loots wealth at the expense of the poor, and with little regard to the long term stability of the country.
You are right about Brazil, but not all emerging markets.
List of countries by income equality - Wikipedia, the free encyclopedia
a few hightlights: U.S. 45.0
Brazil 56.7
China 46.9
Indonesia 36.3
India 36.3
Uk 36.8
Sweeden 23
Those are the CIA Gini co-efficents. That is the best single meausre of income ineqality. Range from 0 to 100 (or sometimes represented from 0 to 1) with 0 being perfect equality to 100 being one person gets all the income in the country.
The Brazil oil is 6 miles deep...in the ground. It is hot down there.
Barley - Thanks for asking. Hope ya'll are doing good. I'm hearing two bank closings for mother's day weekend (probably small ones) and I really liked Denninger's comments on greasy hair Sheila Bair's latest stupid proposal titled, "Do We Have People That Are THIS Dumb in Government?"... The link is here:
The Market Ticker
I get angry, too. Sometimes very angry. And sometimes with very good reason.
Most of the time, though, it's reasonably easy to distinguish my behavior from that of a caged monkey.
Beware CR; you're becoming a talking head. This video means absolutely nothing. Your publication of it is 100% emotive. (Maybe the Milken conference is getting to you.) I had you and Tanta pegged for rational, clear-thinking observers and comentators. Now I'm thinking you're more like Lou Dobbs who made it a point to use the term "Communist" China when reporting on the Blackstone transaction. Go home and recover your clear-minded objectivity.
If China isn't Communist, then why do they have that cute little hammer and sickle on their flag?
As someone who managed property for too long,I an state that none of these vandals had a clue about ruining a house,or even just making it unpleasant to enter.I have projectile vomited as soon as I opened a door to a unit due to the smell,worn multiple pairs of gloves and a mask and disposed of the clothes I wore on a tarp before disinfecting any part f me that might have been exposed after raking filth into bags...aside from the stair rail and counter tops this is simple,reasonably easy to repair damage.As far as stealing houses,it has been done,but it takes a crew,organizational skill and a couple of days work cutting the house in sections and hoisting it on flatbeds.Not something you can store in your garage,and moving the sections can attract attention.A very doable theft in some areas near sacramento,but I think I'll pass.
Any chance BofA backs out of the countrywide deal or lowers their offer?
FFDIC, Denninger doesn't make it clear at all what the Treasury loan is for. Is it just to cover the amount by which the homeowner is behind on his loan? Is it for the amount the homeowner is underwater? I mean, if they can afford to pay their regular mortgage, what exactly is the Treasury loan for? Here goes Denninger, urging us to call our congressman or some such, but doesn't bother to tell us what it is we're supposed to be so mad about.
The two tools are symbols of the industrial proletariat and the peasantry; placing them together symbolises the unity between industrial and agricultural workers.
don't really get the communist part in that.
should we consider all those in kansas and michigan commies?
Any chance Prince will reutrn his '07 bonus?
Like the ultra deep brazil find, but don't know how to play it?
CLF
The Sheriff in the video said that she's seeing a lot of evictions due to the 'recession'. Whether it's 'official' or not, there are people who are experiencing a recession.
I know someone who is a police officer in Florida who is currently living rent free in a development in which new homes were being vandalized. The developers wanted police officers living in the development in hopes that their presence (bringing home their police cars) would reduce crime. If I recall correctly, after one year of living rent free, he has to buy the house at a reduced rate. They offered this to all the police officers in his town.
suecris go here:(register for free)
Watchdog urges state to refinance mortgages
FT.com / UK - Watchdog urges state to refinance mortgages
How the state can stabilise the housing market / by Sheila Bair
FT.com / Comment / Opinion - How the state can stabilise the housing market
Mixed response to Bair homes plan
FT.com / Financials - Mixed response to Bair homes plan
OT: What happens to all the "home warranties" from BK builders when these cracker boxes start crumbling?
They turn into weren'ties
Thanks, FFDIC. So, basically, it would be the Treasury getting banks to agree to take a 20% haircut on these loans. First off, they would have to agree. Second, perhaps since they're the idiots who made these horrible loans to begin with, them losing 20% beats them losing 40-50% (at least) in a FC. Better the banks than the taxpayer.
IMO.
The Communist aspect to the hammer and sickle is that it was the official symbol of the Communist Party of the Soviet Union, and is the official symbol of the Communist Party of China.
But it looks neat on a Chinese flag, though.
oops the Anon at 9:14 was me
FDIC orders Towne Bank of Arizona to clean up its act
FDIC orders Towne bank to clean up its act
OE,
I've seen the 2011/2012 timeline to production thrown out here and elsewhere which strikes me as utter bilgewater...er I mean an overly aggressive schedule.
2014 seems realistic on the aggressive side, any thoughts? Petrobras has done some great stuff bringing production online early, but that has been cookie cutter FPSO's in the Campos Basin...
Wanna see something really cynical?
Prudential Financial missed today for their first quarter by $1.62 (20 cents actual vs. $1.82 est.). But they reaffirmed full-year guidance of $7.50 to $7.80.
Not only are they gonna eliminate the problems that caused the tank.
They are gonna make it up in three quarters.
They also showed a window into life insurance company losses to come.
"The company's "closed block" book of business -- life insurance and annuity policies that were issued before the company went public in December 2001 but are still in force -- posted a loss of $26 million in the first quarter, compared with a profit of $137 million a year earlier. The results included $110 million of investment losses in the quarter, compared to investment gains of $207 million a year earlier."'
This is the tiny tip of an iceberg.
he didn't forget the cat there at the end did he? There's one confusing shot of it outside the box
If China isn't Communist, then why do they have that cute little hammer and sickle on their flag?
The irony is that officials in China are arguing that it's best not to interfere with markets to stop the decline in stocks there. They admit the dramatic failure of these types of policies in the past just as officials in America are arguing that we need to interfere more in markets and private businesses in this country.
Maybe we need the hammer and sickle on our flag.
El Cliffo,
Flad, scmalag. You have forgotten the "Jensen Cosmology" which was articulated in a scene of the movie "Network" (1976). It goes like this (quoting from the script):
JENSEN:
"You have meddled with the primal forces of nature, Mr. Beale, and I wont have it, is that clear?! You think you have merely stopped a business deal that is not the case! The Arabs have taken billions of dollars out of this country, and now they must put it back. It is ebb and flow, tidal gravity, it is ecological balance! You are an old man who thinks in terms of nations and peoples. There are no nations! There are no peoples! There are no Russians. There are no Arabs! There are no third worlds! There is no West! There is only one holistic system of systems, one vast and immane, interwoven, interacting, multi-variate, multi-national dominion of dollars! Petro dollars, electro-dollars, multi-dollars! Reichmarks, rubles, rin, pounds and shekels! It is the international system of currency that determines the totality of life on this planet! That is the natural order of things today! That is the atomic, subatomic and galactic structure of things today! And you have meddled with the primal forces of nature, and you will atone! Am I getting through to you, Mr. Beale?"
\t(pause)
\t
"You get up on your little twenty-one inch screen, and howl about America and democracy. There is no America. There is no democracy. There is only IBM and ITT and A T and T and Dupont, Dow, Union Carbide and Exxon. Those are the nations of the world today. What do you think the Russians talk about in their councils of state Karl Marx? They pull out their linear programming charts, statistical decision theories and minimax solutions and compute the price-cost probabilities of their transactions and investments just like we do. We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable by-laws of business. The world is a business, Mr. Beale! It has been since man crawled out of the slime, and our children, Mr. Beale, will live to see that perfect world in which there is no war and famine, oppression and brutality one vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock, all necessities provided, all anxieties tranquilized, all boredom amused. And I have chosen you to preach this evangel, Mr. Beale."
Tim:
The BoA/Countrywide legal relationship is not an "offer"; it's a done deal that includes a $160 million penalty for Countrywide if it does not perform certain things. Check out the papers on the SEC web site.
he didn't forget the cat there at the end did he? There's one confusing shot of it outside the box
Poor kitty.
I guess it's not surprising that people who buy houses they can't afford keep the pets in storage boxes.
Prudential is a public company still being run like a mutual, they've never adjusted. That's why Pru Sec ran away from them.
So what do we gotta do to get a "vando" tag around here?
I took some scrap metal to the scrap yard this week. Stuff I've pulled out of buildings while renovating. $3.20 a lb for copper, $2 for brass. That adds up quickly.
If vacant houses have copper in them, and most do, I would expect much of it to walk. I'd guess you could make a few grand a night stealing copper if you were ambitious.
Recently heard of a commercial project where they were doing demolition. The asbestos removal guys also took the copper - $20K worth.
Primary D. Ealer thanks I didn't see the SEC.
Argentine bonds show growing speculation that the country will default for the second time this decade as inflation and anti-government protests swell.
Argentine Bonds Plunge on Mounting Default Concerns (Update2) - Bloomberg.com
Da future.
If vacant houses have copper in them, and most do, I would expect much of it to walk. I'd guess you could make a few grand a night stealing copper if you were ambitious.
Mpls Star Tribune had a article a few weeks back quoting cops saying local gangs are clearing in excess of $20K a week and so far they easily evade the police. I no longer have the link since it is in 'archive' - need a subscription I believe.
Way Off Topic, but...
Somebody explain to me how Lehman goes down 5% today, and yet the Lehman options (puts) that I own supposedly went down in value?
In fact, 90% of the stocks for which I own Put contracts went my way (down) today, many of them by more than 2%. And yet I'm showing losses for the day!
I'm being robbed -- it must be the work of the Fed.
Explanations anyone?
Update on the story in the WSJ(
:
Calpers Takes Hit on Land Deal
Calpers Takes Hit on Land Deal - WSJ.com
The nation's largest pension fund is involved in one of the biggest land deals to fall victim to the housing bubble...
The deal involved a $970 million investment by an investment entity that included the California Public Employees' Retirement System in a venture that owns thousands of acres of undeveloped residential land north of downtown Los Angeles. Now, due to the downward spiral of the housing market, Calpers may find itself having to relinquish the well-located land to creditors and possibly lose much of its investment.
.
.
.
The deal could prove a rare public misstep for Calpers, which had nearly $21 billion of real-estate investments at the end of September, or about 8% of its total assets, and is one of the largest land owners in the country...
Explanations anyone?
ShortCourage | 04.30.08 - 11:43 pm | #
I don't know - try writing Gretchen of the New York Times... maybe she can get to the bottom of it.
Check out the papers on the SEC web site.
Primary D. Ealer
Yup solid deal - Unless CFC misrepresented things
Lets wait 'till the FBI thingy is over, K?
"Britain's big banks stand to lose as much as a fifth of their profits as the commercial property market implodes, the Bank of England has warned."
This assumes there are profiits to lose, dont it?
Bank of England sounds alarm on £5bn commercial property defaults - Telegraph
Does "pause" sound familiar? Thx CR!
Fed hints at pause as rates cut to 2%
By Krishna Guha in Washington
Published: April 30 2008 19:16 | Last updated: May 1 2008 00:11
The Federal Reserve cut interest rates by a quarter percentage point to 2 per cent on Wednesday and signalled its preference to pause at its next meeting in June
The video of the man packing up his cat made my day.
The video of the man packing up his cat made my day.
That wasn't his cat that was supper
My favorite is when they back up a truck to the electrical box of a little strip mall or office building, cut the power, tie the wires to the bumper, and see how much cable they can pull out of the walls. You could do several dozen of those in a night. Put an electric winch with a reel in the back of your truck to roll up the wire, you could do even more.
I don't think all the risks have been factored into the CRE projections yet.
I read about a guy who committed suicide that way. Tied one end of cable around his neck (other end was attached to the structure), got in his car, gunned it down the street, off with his head. Looks like he coulda found an easier way to end it all.
Federal Reserve to propose credit card lender limits
Credit card lender limits to be offered - Chicago Tribune
Insurance companies and pension funds need returns of at least 6 percent to match their liabilities, Zell said.
- Bloomberg.com
File this under "we're all subprime now" - http://www.nctimes.com/articles/2008/04/29/news/coastal/oceanside/nct24d2152364bf7fe9882574390066f.txt
By the way, Banker, I've been busy the last couple of days and I seem to have missed your welcome back party. Welcome back. How much of Bear Stearns do you own now?
albrt writes:
By the way, Banker,
Did you know we had two "Banker"s for a while? This one has a Homepage and is not from the Bankerdome (in Hawaii?)
Mpls Star Tribune had a article a few weeks back quoting cops saying local gangs are clearing in excess of $20K a week
Now they've done it. Published a dollar amount. My partner says when they let everybody know the trend will go through the roof!
We looked at a fourplex without copper and I figured we'd have to deduct not only the cost of replacing the copper, but also night security for the repair work. In that neighborhood it would be an 'active' copper mine. Decided against it.
BTW- that eviction was an apartment, I'm thinking houses and homeowners might be a tad touchier.
Regarding that Brazilian oil... the technology doesn't yet exist to pump that stuff. Heck, the technology was only recently developed to find it. We'll be lucky if they're pumping that stuff a decade from now.
Where are the Bandos supposed to stay now? With all this senseless destruction?
What does aluminum go for?
Vader: As Michael Moore might say, we're all Detroit residents now.
And Alec, here's some metals prices
Current Primary and Scrap Metal Prices - LME (London Metal
Exchange), COMEX, NYMEX, Copper, Aluminum, Nickel, Tin, Lead, Zinc,
Iron, Steel, Specialty Steel, Stainless Steel, Nickel Alloy, Chrome, Titanium,
Ferrochrome, Cobalt, Molybdenum, Antimony, Pla
Looked for myself, Aluminum $1.30/lb in futures, can't find a spot price.
"Somebody explain to me how Lehman goes down 5% today, and yet the Lehman options (puts) that I own supposedly went down in value"
Welcome to the world of option premium... A lot of people is buying option to bet on a major envets (today's event is the fed fund rate cut), the option premium is high before the event. But once the event occur, the premium drop significantly. In your case, it is probably a very short term OTM put option where the price is composed mostly of time/volatility premium. After today, if no one else see catalyst for continue price drop, your put is out of luck..
"One of the things we've done on home ownership is the Hope Now Alliance which hopefully makes people less anxious; hopefully it helps; it's kind of brought some, not only concern but action into the market place. I was told this morning that Hope Now has affected about 1.4 million homeowners."
-George Bush
Scary 3-page article:
Gangs ransacking house after house in search of copper
The new underground currency | StarTribune.com
This is the ultimate result of a no-doc loan, where the salesperson gets paid for a bad contract and the wrong people make a bad situation worse. This is also a great example of non regulation, non enforcement, lack of due dilligence, lack of collateral, collusion, corruption, CEO's being paid insane wages to generate chaos.
Rome is burning and the wealthy are buying bigger homes higher up on the hill!
I was told this morning that Hope Now has affected about 1.4 million homeowners."
I'm guessing it made them more bitter and resentful towards the government.
I don't mean to advocate anarchy, but stories of vandalism show that there are consequences to predatory lending practices. We seem to expect folks to be good soldiers while their lives are turned upside down. These acts of vandalism are criminal. They also strike me as a bit revolutionary. Maybe the huddled masses are getting restless.
Paul, us renters are the ones getting restless at the prospects of more bailouts. The high price of copper is a direct result of Fed monetary policy...we're bailing out the ARMs with low interest rates but the price is very high indeed.
Barley writes:
ac you say "Because it's their property"
I'm not so sure about this. Its the lender property until the money is paid off.
Just as a little aside here for all the people eager to charge the red blanket down at the corrida; you are being encouraged to make a false generalization based on your emotional reaction to a picked incident.
As to why, one of the better ways autocratic societies can keep the center powerful is not allowing anyone to own land, merely to lease it. This lets them destroy anyone at any time merely by confiscating rights to property.
No doubt, property was effectively seized immediately to protect the crown's interest, with your chattels held in escrow to cover damages. Damages assessed administratively, of course, meaning goods on the premises were auctioned off to someone with sufficient juice for a song to cover a purely notional debt, if you POed the personalities behind the state enough.
Watch out what you get outraged about, sometimes there's a wicked sticker behind that red blanket. You live in a deteriorating society, don't bet you won't be used as a shill to cover an attack on traditional ownership rights. It's rather a fixture of the milieu, really.
ShortCourage: The market was up most of the day and only dropped in the last hour or so. My guess is that thinly traded puts don't adjust instantly. There may be some gains early today due to the late market movement yesterday.
Not sure of the per pound cost but I got $13 for an aluminum screen door.
Lead isn't worth that much.
I brought back 660 pounds of iron. I got $51. Times would have to get really hard for iron vandalism to be a good idea.
Angry Renter: Oppose the Mortgage Lender Housing Bailout
ac you say "Because it's their property"
I'm not so sure about this. Its the lender property until the money is paid off.
I dunno. That makes sense to me but I vaguely remember Tanta slapping somebody down for making that argument.
Not sure of the per pound cost but I got $13 for an aluminum screen door.
At the rate it's going it's going to be cheaper to make a door out of gold soon.
Times would have to get really hard for iron vandalism to be a good idea.
i seem to recollect a large organization scrap out two substantially large buildings to the chinese . seemed worth it to them.
WASHINGTON (AP) -- The number of newly laid off workers filing claims for unemployment benefits soared last week.
The Labor Department reported Thursday that claims for unemployment benefits rose by 35,000 to 380,000. Private economists had expected claims would rise by a smaller 18,000.
Bzruins,
is your background in philosophy, law or arguments? i've been searching for ways to learn your method of argument attck, counter and such. any books , etc you might recommend?
tia
banta - I'm almost positive this is one of those questions you don't want to ask a bunch of nameless yahoos on the Internet. I say check with a lawyer.
MLM | Homepage | 04.30.08 - 8:53 pm | #
Hey, I resent that remark! I have valuable knowledge to sell.
Or trade for granite countertops and roman columns.
Chaos, mayhem, disorder - Mission Accomplished after all.
I smell an employment top post within a few minutes. 380,000 is not a good number and the content makes it hard to dismiss as an outlier.
Thought for a new show to replace "Flip that House".
How about "House Cops", which tracks sheriffs (or whomever) serving notices against foreclosed "owners".
Sound track: "Bad Loan, Bad Loan, whatchya gonna do, whatchya gonna do now, ya'll are scr*d".
I'm getting worn out. Every single day another bailout either gets closer or a new one gets hatched. The market can stay up forever on shreds of free money hope, even if a genuine bailout never materializes.
The total % of outstanding balance of P+I that you have paid is what you "own" and what is yours to destroy. Anything beyond that is criminal damage to property.
I suspect that the overwhelming majority of folks who are vandalizing these properties don't have a lick of either dollar equity or sweat equity in "their" houses.
The total % of outstanding balance of P+I that you have paid is what you "own" and what is yours to destroy. Anything beyond that is criminal damage to property.
That's some very authoritative nonsense you're spewing!
is your background in philosophy, law or arguments? i've been searching for ways to learn your method of argument attck, counter and such. any books , etc you might recommend?
I managed fan response on the internet for the better part of a decade. Then I was a conservative who wasn't secretly a fascist longing to seize control of the Republic.
After 9/11, I spent some time talking with my peers, the racist homophobic neo-boer Christian zealots, about my problems with their Hitlerite fantasies.
So I think the answer is, I learned my trade surviving the prison planet of underhanded rhetoricians.
What books should you read? Han Fei Tze for sure if you haven't yet. Christopher Clapham's essays on state decay, also a must, there is one in the Rotberg reader ". FMFM 1-1 Warfighting and 1-3 Campaigning or whatever they are designated these days are a don't miss. I guess Three Kingdoms is also a good un, given our times. Sorry, nothing on rhetoric.
Sorry, hit return there while editing. There is one in the Rotberg reader "When States Fail: Causes and Consequences" and one in the Milliken "State Failure, Collapse and Reconstruction" reader.