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Maybe zombie banks can open branches in zombie buildings! I see dead companies! Everywhere I look!
Cool, Nemo ?.
haunted houses?
Zombie buildings eat owners gains...
Gains...
Me want gaaaaaaaaaaaaaaaaaaaains...
Agree, the question is how much is significant in a given area, age of owner, quality of property.
10% udnerwater at 60 yrs old is much worse than 20% at 30 yrs old. Yes?
Thread groove:
YouTube - Steely Dan - Haitian Divorce (With Lyrics)
nice...
zombie banks eat employee brains... (with exceptions, i.e. NaRm)
zombie buildings eat owners' gains...
Bullshit. That's what he wants not what is needed. Capital infusions? Is he still drinking the kool-aid? No, what these buildings need is debt extraction not equity injection.
Rob Dawg wrote:
Hey, you don't get to be "executive vice-president" at a real estate firm by putting your own money on the line. Duh.
what we need is a debt transfusion to collapse the illusion...
they did the mash
it was a monster mash
they did the mash
it was a graveyard smash
Ten-nants...Ten-nants... Ten..nants...
this phenomenon, where operating costs, maintenance (and things considered HOA costs in RRE) drag buildings down in an endless vortex once these costs alone exceed market rents is interesting
Rob Dawg wrote:
No, he's with Grubb & Ellis. He's serving the kool-aid.
Tim waiting for 2012 wrote:
Where is a debt/RE Pac-Man when you need one...?
HollywoodHack wrote:
kinda like putting your hand in the garbage disposal is 'interesting'
Tenants Players are at match point.
delaying maintenance will only make it more costly. the "owners that are really renters" will eventually be replaced, one way or another, by an owner with a long term goal in mind. real owners or investors will rehab these buildings eventually.
far off
for home depot, lowes, and grainger? maybe?
Juvenal Delinquent wrote:
Market serving Investors: Deuce.
Sneering Nihilist
Duct Tape Everyone sells duct tape. Not exclusive to any retailer
It is the exurbs that are going to get crushed. The core cities will be fine with their combination of affordable condos, CRE tax base and low cost of living.
,rad yagij,
I was thinking more along the lines of a strike anywhere model.
Speaking of gains, USD/JPY is moving back in its expected direction. Gotta love me some strengthening JPY!
sneering nihilist wrote:
Getting from here to there is a road with some very deep pot holes. Entire communities, cities and financial firms will disapear first.
I luv me sum yen...
"Virtually all the assets bought between '05 and '07 cannot be refinanced today without a significant capital infusion,"
Well Rob, this is written from the banksters perspective, of course. What these owners really need is a default and a bank sale at a market sustainable price. Of course banks would fail....
Juvenal Delinquent wrote:
I don't know. It seems to be a great doubles match between Market/Ruth Default v. Investors/Ben Heli. Not sure who will win if these rallies continue!
1st youtube result for zombie buildings
YouTube - Commercial Real Estate: The Next Hole in the Economy
i agree, duct tape is useful, but not for flooring, roofing, electrical, or plumbing.
edit whoops!
"The core cities will be fine with their combination of affordable condos,"
I was unaware section 9 housing had become desirable...or are you not talking about those lovely city condos bordering the I-5 just south of the 110 interchange?
"......Tishman Speyer, led by longtime developer Jerry Speyer, is in hard-nosed negotiations with officials of the Federal Reserve Bank of New York to rework an estimated $1.4 billion in loans. The Fed inherited the mortgages as part of the 2008 collapse and sale of Wall Street investment bank Bear Stearns Cos. With the talks at a stalemate, the Fed is taking an aggressive tack, cutting off a key source of capital for leasing costs."
The Fed playing the role of Scrooge. Bear Stearns as the Ghost of Christmas Past, and Jerry Speyer as Tiny Tim begging for new crutches. Not looking good for Tiny Tim........again.
Your not being creative. Great flooring can be made from duct tape and card board.
Nice find!
best wishes
Comrade Misean is Dope wrote:
True, this is what most RE needs, of any type. I don't see any way to stop that from happening, even if it takes 10yrs of extend policy.
Only small banks can fail, not the untouchable TBTF.
It sure took a long time to go from Voodoo Economics to Zombie Buildings, but here we are.
The Making of the Duct Tape Car
Comrade Misean is Dope wrote:
Like Citi and BoA and so on did when RRE was discovered to be way overpriced and overborrowed? The capital infusion will be found by Tim and Dodd and the rest of the crew, and it will go into the banks or directly to the borrowers. Which one hardly matters to the crew. But if you're a future taxpayer, you'll be providing that capital infusion, one way or another.
You remind me of a Man.
What Man?
The Man with the power.
What power?
The power of voodoo.
Who do?
You do.
I do what?
Remind me of a man
rps wrote:
By doing that, they reduce the value of the property even more. These guys are just stupid.
What I rode in back in the day.
http://carphotos.cardomain.com/ride_images/3/1656/721/29137860004_large.jpg
we should all put our really big minds together and make a duct tape squirrel trap.
rps wrote:
Last dance with Jerry Spey.
One more time to stop the pain
I feel defaultin' creepin' in and I'm
Tired of this town again
rps wrote:
I suspect Mr Speyer will remain very wealthy. The Fed will not push too hard.
I just heard on the teeeveee that I will get "actual cash value" for my trade in.
Wonder how much traffic they get on the lot from that.
"we should all put our really big minds together and make a duct tape squirrel trap."
Take hunk of C4. Press detonator in. Duct tape C4 to squirrel tree. Stand back and press detonate button on remote control.
HomeGnome
Big Business to US Consumer
"We Won't Screw you over anymore. Promise"
I will build a dove trap, there are usually 20 or more in my back yard. Do they make a shot gun with a silencer? Would be great for intercity bird hunting.
Josap
A very Wide bore Arquebus would not be much louder than a firecracker.... I think
Beeman Precision Airguns
yes they do make silencers for shotguns,they also make shells with internal silencers.$200 tax stamp if you are in a state that allows them.A good .22 is a better choice.
fire crackers sound like small arms fire in a confined city yard. Need something really quiet.
I have one of those,quail and morel mushroom pie is tasty.
Ad All-In
josap wrote:
Well, they are consistent in their policies based upon the lowest common denominator --Stupidity, taken to the nth degree of redundancy.
Caught this little quip from Dudley's speechifying:
"To argue with a person who has renounced the use of reason is like administering medicine to the dead." Thomas Paine
what the hell is a "squirrel tree"?
sneering nihilist lives in las vegas
what the hell is a "tree"?
Tom Stone wrote:
Society needs more morels, I tell you!
I am watching HGTV again (on background). The most financially careful of the buyers put down 5-10% of the price. Less careful buyers put down even less. This is the new world of responsible lending and borrowing?
My great grandmother guarded her morel patch so closely that no one in the family knew where it was.
Baskets and baskets of fresh morels.
In Az I can own pretty much anything. I would like to hit several birds at once. Enough for a nice dinner. LOL But, I live in the burbs and the neighbors would flip out completly.
Can they be grown at home? (Damn, I'm waaay OT, but these are morels we're talking about.)
JP<
They are one of the species that seems to elude human cultivation.
You can buy spawn and (with a little luck) make your own outdoor beds though.
Fungi Perfecti: the finest mushroom products for home and garden, farm and forest, people and planet
sneering nihilist wrote:
Or they'll remain as unused buildings. Re: gobs of vacant industrial properties in Detroit since the early '60's.
Morels are weird,I have seen them growing on plywood.Had them in the side yard growing up...have 2 sites near me now.
JP wrote:
Morel mushrooms or Great Morel? Be precise!
Rob Dawg wrote:
Both will likely get crushed. Exurbs for the reasons you mention, cities for unsustainable debts (pensions especially). We need a couple dozen 100K+ population cities to declare bankruptcy to know for sure.
The fungus are our friends.
Fungi Perfecti: mycotechnology
some of the work being done is pretty amazing.
Especially with the oyster mushrooms.
sneering nihilist wrote:
Not necessarily true. There were a lot of building constructed that never made any economic sense and are unlikely to do so before they are rendered unsalvageable by time, forces of nature, and lack of maintenance. I point you in particular to the site http://www.deadmalls.com/ that has been documenting this kind of thing for years.
re: detroit -- wasn't that all once prime farm land? depopulate the fertile areas but leave the farmers and bulldoze all the vacant buildings.
we can rebuild our export economy one agricultural product at a time.
http://i.ehow.com/images/GlobalPhoto/Articles/2138198/morels2_Full.jpg
HomeGnome wrote:
Food of the Gods.
Fungus spores can survive in a vacuum. I remain reverent.
sneering nihilist wrote:
Exurbs can do that, too.
patientrenter wrote:
You got me: I meant Morchella esculenta. Very very yummy Morchella esculenta.
Cool link HomeGnome thanks. Just bought me a huge pressure cooker (all american) and I'm lookin to start playing with it.
The fungies and the Great Morel Debate are a No No on the econ sites.
Charles Kiting wrote:
Agree 100%
We used to have miles of cotton fields. Now we have miles of empty forclosed McMansions.
What a waste.
exactly. i see a denser, more vertically housed, future. no building should sit on fertile ground. well, unless it belongs to a farmer or rancher.
sneering nihilist wrote:
Pretty much how the Native Americans felt about the land.
JP wrote:
"It seems obvious that the species name Morchella esculenta must be preserved, given its universal recognition (and, perhaps, because it is the type species for the genus Morchella). However, the name cannot currently be applied in any truly scientific sense, and neotypification will be required. Perhaps this should be done with well documented, genetically distinct collections from the region of Uppsala, Sweden, in order to preserve as much of the name's heritage as possible. It is quite possible, however, that there is more than one genetically distinct (but possibly morphologically inseparable) esculenta-like yellow morel growing in Sweden; if this turns out to be the case, the most common and widespread of the Swedish esculenta taxa should be selected for the name. Whether or not any North American morels match Morchella esculenta would then depend on morphological, ecological, and genetic comparison to neotypified Swedish material."
Sometimes the internet provides too much information. I like morels too.
I mentioned this a few days ago, but 2010 and 2011 will be years of reckoning for states, school districts, and municipalities. We've only seen the start of it.
O.C. schools to slash millions more this week | school, cuts, budget - News - The Orange County Register
Comrade Kristina
Thanks for the link on the Staten Island second mortgages going to debt collectors and wage garnishment
Comment by Comrade Kristina from thread 'NY Fed President Dudley: Still More Lessons from the Crisis'
Recall, a year or two back there was a move by debt collectors in NY to try to recover on debt that was over 10 years old (I read about it here). They would buy the debt, send a notice and then file a claim in courts and get judgment. Obviously they did not have invoices, etc to back the claim. Somehow that whole exercise died a natural death.
Disclosure: I too got an notice on a debt (about a 1K) from 1994 (grad student days), which I had subsequently paid. Never heard again for a second time.
..
I see years and years of large, cheaply built, mostly vacant houses. Areas where drugs are made and squaters fight for a room with a roof area that doesn't leak.
I don't think anyone will tear them don, this would be an addmition of failure.
agreed.
rps -- there is plenty of non-fertile land for us to pave and build on. which i'm all for really...
Mr Slippery wrote:
Much of State revenues come from sales taxes and income taxes. Sales taxes are cratering, same with income taxes. Loans for UE will be forgiven but feds will eventually stop backfilling. Gonna be grim.
josap wrote:
Or just a refusal to throw away demolition money. In the exurbs you can farm the land and leave the house up, just farm around it because it only takes up 20% of the parcel; in the cities the houses take up 75%.
,rad Slippery,
Countless hundreds of billions for a few select Unabankers, but education can go pound sand?
sneering nihilist wrote:
We did. It's called Las Vegas.
Juvenal Delinquent wrote:
Why not? All education did was create unabankers.
Charles Kiting wrote:
not here. these are 3500 sq ft houses on little lots. If you and your neighbor lean out the window you can just about shake hands.
I was under the impression it was unbridled greed...
!!!!
Dawg,
Is that sarcasm. My sarcasm detector is not that functional.
Interesting cuts... less institutionalization of knowledge (teachers) and behaviors (psychologists)... obvious budget-trimming, or is some amount of collective self-doubt of its institutions reaching public consciousness?
josap wrote:
Gotta come up with another name besides "exurb" then. The exurbs I know all were zoned as acre+ lots.
josap wrote:
Imagine having to cool down those houses in Phoenix with 105 degree Summer heat; unless one uses Solar cooling using heat pumps.
These subdivision are a good 40 miles from the center of the city.
rps -- you're right but the build wasn't done right. no residential greywater, rainwater harvesting, no alternative energy to speak of...
http://www.greatdreams.com/native/mesa-verde.jpg
So let me get this straight. We've got zombie buildings with commercial and residential zombie creditors and zombie debtors all connected in a graveyard dance.. My glod, It's time for the monster mash, YouTube - The Monster Mash Music Video
http://www.ex-robot.com/images/zombie-u.jpg
---The squid has eaten the squirrel.
Mesa Verde is increadable. There are several large areas you can see and take a guided tour into. It takes more than one day to see most of the larger sites.
Mesa Verde is a nice warm-up before going to the holy grail, Chaco Canyon.
Juvenal Delinquent wrote:
haven't been there yet. we go to Co every summer for a week, it will take many more years to see what we have on our list.
"Imagine having to cool down those houses in Phoenix with 105 degree Summer heat; unless one uses Solar cooling using heat pumps."
It's dark out when it's only 105.
HG - the squid has possessed the squirrel by taking its soul...
You guys think in a few years they will be giving tours of ghost McMansion towns? but instead of the tour guide explaining how the Americans utilized the environment they just kind of scratch their heads and say "Yea, I'm not sure what they were thinking here"
sbarrkum wrote:
It was a subtle dig at the people who for years thought my prediction that the cores would see at least as bad as the exurbs. It's been educational seeing the responses.
The places that saw the most and the most recent growth will experience the most pain regardless of location.
biochemist wrote:
If not maintained they will rot pretty quickly. Cheap built, China drywall, coroded pipes etc.
At least here in NorCal the Mcmansions were so badly built that they will fall apart in a few years.The Granite countertops will remain,but not much else...will Archaeologists of the future think they were sacrificial altars?
Ah Sam Zell, the Human Wrecking Ball of Chicago. from Wiki: Co-founder and Chairman of Equity Group Investments, a private investment firm. In 2007 the Blackstone Group completed its purchase of Zell's Equity Office Properties Trust for $39 billion, and sold off many of the portfolio's properties for record amounts. By early 2009 most of the properties sold were "under water." In April 2007, Zell completed a leveraged buyout of the Tribune Company, publisher of the Chicago Tribune and the Los Angeles Times. The Tribune Co. filed for bankruptcy protection on December 2008. Zell plans on selling the Cubs.
And finally the great philanthropist Zell quote of all time:
Do you believe in magic?
patientrenter wrote:
Wouldn't the most financially careful be putting as little down as possible?
Never heard of Mesa Verde and then I (and ex) gave a hitchhiker a ride from around Colorado Springs to Durango, while driving from NYC to LA thru Four Corners and Grand Canyon. The hitchhiker insisted I had to see Mesa Verde and the Durango Silverton railroad. That occasion stopped at Mesa Verde. A really fantastic place to visit.
Next year another conference and drove thru Fort Collins, Denver to Grand Junction to Silverton thru Molas Pass (14,000 feet) in March. In Sinhalese "Mola", means idiot/fool, which the ex kept reminding me. Did ride the Durango Silverton railroad (another must see ride) and to cover the cost camped out somewhere between Durango Silverton and ended up sleeping in the car because of the cold.
Good times, no money, Chevy Celebrity with 164K miles and traveled across the country over three times.
..
"Wouldn't the most financially careful be putting as little down as possible? "
No that would be the most careful speculators.
Broke Not Broken wrote:
Oddly enough, that doesn't usually happen. Regular people are still not systematically ruthlessly leveraging.
I've been in Silverton in June - and it snowed.
Some people I know put 20% to 30% down and are now underwater. They would have been much better off with 0 down.
They'd be even better off if they didn't buy in a flood zone...
josap wrote:
They won't do that again. Lessons will be learned.
I know this is a repost but it is just so f*cking unbelievable.
WASHINGTON (AP) — Pacific Investment Management announced Monday that Neel Kashkari, the first head of the government's $700 billion financial rescue program, would join the company as a managing director and head of new investment initiatives.
Pimco, one of the world's largest bond managers and a unit of Germany Allianz, said that Kashkari would be based in its Newport Beach, Calif., office.
Kashkari, a former official at Goldman Sachs, was selected by then-Treasury Secretary Henry Paulson, a former head of Goldman, to run the financial bailout effort in the fall of 2008.
Kashkari stayed on during the early months of the Obama administration to run the bailout program and was replaced in the spring by Herbert Allison, who now serves as Treasury's assistant secretary for financial stability.
Many McMansions of the 1930's Depression were donated to charities and/or transformed for public use, orphanages, halfway homes......The McRich never think about servicing costs of their mini-mansions...... Vanderbilts, Cabots, Astors, Wrigleys, Palmer, etc..... all donated properties
Is Pic #2 broward?
www.peopleofwalmart.com
HomeGnome wrote:
Why is it unbelievable? He knows a lot about Treasury thinking, and PIMCO profits from knowing that. In a world where asset prices are whatever our government wants them to be, what matters most is how close you can get to the people in government. It works that way in all centralized economic systems - Soviet Union etc being extreme examples. What mattered was not what you knew, but who you knew.
KK, a very smart cookie, learned the business of government finance from the inside... doubt not that there will be ample opportunities to apply that knowledge and the connections gained, especially in the private sector.
"KK, a very smart cookie"
Given that the average IQ of a cookie is nigh unto zero, that's really not saying much.
Will he be working from his cabin? Perhaps he will build another in the wilds of Newport Beach!
I can see it now: the unabanker manifesto...
And exploding derivatives contracts mailed off to unsuspecting trading departments
josap wrote:
Joke from the editor of the Silverton newspaper. "I proved you can have a garden in Silverton; both radishes did fine."
Also, in California , public entities (state, counties, cities, school districts, etc.) do not pay unemployment insurance on their payroll. Rather they reimburse the EDD as their former employees are receiving their benefits. And in the last few rounds of UE extensions, they are still on hook for the reimbursements, creating additional pains and needs for more layoff.
I manage a very small special district. We had one employee resigned voluntarily, then claimed that she had to resign and move away to get away from an abusive spouse. Apparently, it's a somewhat popular loophole for people to get UE benefits. I called up EDD, they do not require police reports, medical examination, etc. for such claims. Even if you can prove she still lives with the "abuser," is not enough to show she didn't quit to get away from the abuse. EDD people don't care because it's not their money. When that happened, I budgeted for it and figure it would eventually go away. And after two rounds of UE extensions, we are still paying for her UE benefits. For agencies with actual large scale layoffs, the hit is going to be much larger.
"It works that way in all centralized economic systems"
No it works that way in corrupt economic systems; a lot of centralized systems happen to be corrupt as well.
AP) ROGERSVILLE, Tenn. (AP) - A Tennessee man's homeowners insurance apparently doesn't cover "acts of cow."
Jerry Lynn Davis called the Hawkins County Sheriff's office on Thursday, complaining that a neighbor's cows had been licking his house. In the process, Davis says the curious bovines did about $100 in damage by ripping off a screen window, cracking the glass and pulling down a gutter.
The Kingsport Times-News reports that Davis' home is just a couple of feet from a fence enclosing the cows' pasture. They managed to poke their heads through to lick the house, though a deputy's report did not indicate what made the house so tasty.
Deputy Chris Funk was able to contact the cows' owner, who said he'd take care of the problem.
Demolitions derivatives contracts...the economy will soon free fall in on itself at the speed of gravity but planted financial demolitions (or weapons of financial destruction) will be denied by the official govt. version of what happened...then there will be an Economic Truth movement that will be deemed 'tinfoil'
HG - the cow had a tasty house... soon the house will have a tasty cow...
mof - I thought we paid off the mad bombers with TARP, TALF, etc. to avert their planned destruction of the financial system?
People will say they 'saw' what happened to the economy but there will be a debunking campaign to reprogram people to believe in an alternate reality called Bizarro World Order...any attempt to show there was any co-operation, coordination, planning, inter-related institutions, conspiracy of profits, pre-meditated fraud, etc. will be deemed insane and prescription drugs will be issued by the Dept of Economic Re-Programming...
in an unrelated note, the Department of Homeland Security announces a widescale expansion of their efforts in cracking down on Homegrown Terrorists...
merchants<
I have been Director of Perception Management at the Dept. of GnomeLand Security for a few years.
Let me know if you need assistance.
The financial destruction of the towering U.S. Empire was postponed to install a new Bizarro World puppet...and up the ante of the Sting operation while there is a temporary 'cooling the mark down' campaign...in theory
of course...
poic wrote:
All centralized systems tend to become corrupt. When you allow any group of people to attain a lot of power over the wealth of others, they will tend to become corrupt. The bigger the power, the greater the tendency to corruption. In the case of large corporations, many of their CEOs have become corrupted, in the sense that they tend not to act in the best interests of the owners. In the case of govt, allowing it to retain more powers leads to a similar corruption of many politicians.
< snark >
Sting is behind this? I always figured Bono was in on it, of course...
< /snark >
RRE - FHA, The Way to Build An Army of Vested Renters.
If it's not just one, but millions of lower middle class, upper lower class workers are "given" the opportunity to be homeowners in houses far beyond their capacity to ever purchase when the down is 20%, it's now obvious that the USG thinks that flooding the houses with vested occupants meets public policy goals.
I gotta hand it to them that they think this will work. Given how enormous the loss consequences should the economy shrink further, and the stream of "buyers" slows down, thus cratering RE value, this is a newer confirmation of the stress the economy is under.
It's absolutely fascinating to watch this.
Selective perception is a trait of true believers...cognitive dissonance is a socialization process...only a few 'saw' the financial demolitions but these few can be easily re-educated into the selective perception consciousness otherwise known as the mandatory denial of economic reality in United Global Central Bankers World Order (UGCBWO)...
Kanchou wrote:
Slumdog wrote:
Maybe they can keep shoveling more and more money into RRE price supports for another 30 years. I don't see a definitive point of failure. They are prepared to do anything to keep home prices high - absolutely anything.
MoF, can it really work?
The facts I just described are just what you're saying.
Slumdog: Sounds a lot like knowingly throwing money down a rathole to (again) inflate asset values... just long enough to give the appearance of stability prior to a catastrophic collapse that will "surprise" us all with defaults, bankruptcies, walk-aways and any other form of welshing on a debt by folks who outright KNOW they have no way to service it.
patientrenter wrote:
No BS, this is Bernanke's thesis! It dudn't matter what is tried because the alternative is failure; so if the current attempt fails, do something else, again because the worst outcome is failure. Burn the furniture and the porch and whatever, all to avoid total immolation.
Emmanetize the eschaton. (Never thought there'd be a use for that phrase, but it's happening.)
RIF,
Are all the people buying a shitload of guns and ammo...probably millions of people...are they Homegrown?
Slumdog,
Isn't this insane effort to keep the bubble prices UP just plain old price-fixing?
mof -- I think so, but I'll have to check with an expert to be sure I have permission to call them that.
RIF, we must all agree that BB is walking his talk. He's acting on his book. I'm impressed at the high level thought going into the games he and they think will keep the spectre of economic freeze/repudiation of fiat away from the present moment.
With the second wave of H1N1 infections having crested in the United States, leading epidemiologists are predicting that the pandemic could end up ranking as the mildest since modern medicine began documenting influenza outbreaks.
Flu pandemic could be mildest on record - washingtonpost.com
Call it whatever it may be, this is what's happening. This is the policy, and they're putting for actions that conform with that policy.
Now we supposedly teach kids to be honest...to grow up and lie to themselves and others about reality (conspiracy of silence and 'see no evil').
"Games" is exactly what they are. He is isolated from the consequences of his actions. Consequences are for the common folk. Big ideas are the realm of the self-created gods.
HomeGnome, there is no end of the waves of H1N1.
Please be highly aware of the latest developments in Ukraine, Norway, and elsewhere. D225G appears to be the (or a) polymorphism that causes the cytokine storm reaction in lungs. It's the extremely dangerous version of H1N1. Only nature will evolve away from it. Right now, I believe nature is evolving with it. Nobody can chart the next shift or drift. But to say it's over is beyond stupid.
A little local flavor which has absollutely nothing to do with economics.
SWANSEA, SC (WIS) - We received a call from viewer Jessie Gilliam saying she was upset about a book her daughter brought home from her school library.
Gilliam says it's too sexually explicit.
It's a book that describes a "cherry red bra and thong" and dipping body parts "in ranch dressing" and it's on the library shelf for any Swansea High School student to check out.
//snip
"That's not education, you'll get in the mood," said Gilliam. "This book will put you in the mood."
Swansea mother upset at book's explicit content - WIS News 10 - Columbia, South Carolina |
RIF, why are you so strong in arriving at such a strong opinion?
Instead, assume this is happening, be agnostic about it, or at least withhold judgment, and along with me and the crew here, and you, at least let's think of where this is going, without cognitive dissonance, without strong bias, as in the truth, we'll be liberated and able to take smart protective or at least proactive steps not to get sidelined or smashed.
--Then it is a good thing I didn't say anything like that.
Just read in The Guardian how the Brit gov will decide in 2 days on whether to impose a windfall tax
on bankers bonuses. I'm surprised they haven't brought that idea up in DC, or have they?
After all, a confluence of gov factors had to come together to make a bonus even possible,
let alone the very survivability of the concern.
Duh, what you posted stated that H1N1 has crested. That's bullpucky. Hey, 1929 happened. And guess what, here we are again. That's what's happening with this pandemic flu. Further, until H5N1 is resolved and drifted into nothingness, it too causes a reaction that results in severe lung damage in 60% of the cases of those who get it, the risk remains real and repeatedly proven so.
ResistanceIsFeudal wrote:
Bernanke and most of the other policy makers are the top of their class in ability. They know that they will always be able to surf the waves that drown the rest of the population. Because of that, they consider modest success and comfort a prize easily won, and lightly moved from one person to another. That's why the concerns over moral hazard have had no impact on their actions.
It is appropriate that BB and crew think disinterestedly. He's an academic.
It's what's really the outcome for those who are invested in the game, with stores of value and current streams of income, other than from the welfare state be that pensions or UE, that to me, as one who is yet striving for greater economic bene's at my own relatively low level, that's got my attention.
And I'll add that the RE boom happened without me as I have been so touched by Aldo Leopold and John Muir that it's physiologically untenable to do what the developers have done;
Maybe you should have a hush puppy...
"It is appropriate that BB and crew think disinterestedly."
Bwahahahahahaahahahahahahhahahaahaha!
BB and crew THINK!
Bwahahahahahahahahahahahahahahahahahahaahha!
Oh man...tearing up here...good one!
HomeGnome wrote:
Sorry for this am. I was being a little shit. Your comment was harmless mine yesterday was with a purpose.
tg<
What fun is it if the pot never gets stirred?
Slumdog,
The swine flu and the new War will be the distraction from the derivatives meltdown. Price discovery is pretty much a known...close to 10 cents to 30 cents? on the dollar on junk RE/CRE and RE/CRE paper and zero for some derivatives and securitization 'assets'...extend and pretend...to pump the govt. stimulus some more...blow the market up...blow commodities...deflate the Dollar...and then blow off the bagholders or zombie consumer taxpayers...dump and run with the pump-up cashed out profits converted into assets like gold?
Or whatever works for the take...leave the Zombie consumers to feed on one another...this is the remains of economic vampirism...horrible!
Blowing the mark off in the jargon of con...
where the hell is EHP when you need ém?
so much for Tiger just as long as Peyton stays clean and unbeaten...
I wanted to discuss manufacturing under CAFTA and my experience or knowledge of
the Mexican growing pains of trying to get car parts rejections under 3% in the early 90s.
...
next time.
MoF, so I think I hear you saying they don't think they have any other choice than doing everything to stop the bankruptcy of the fiat system.
Later Taters.
The dream realm beckons.
Slumdog<
You could at least read the link I posted before barking at me.
"What fun is it if the pot never gets stirred? "
FAR better to smoke it...I've never stirred it, but have deseeded it. Smoking is even more fun after that as the joints don't pop and stink badly.
Slumdog, I already assume this crap is happening. My goal is to survive what I have interpreted as a hostile regime with policies detrimental to all but the complicit dependents and the independently-wealthy overseers of an imposed confiscatory framework.
Slumdog wrote:
So you live in the woods?
On a related note,a bio Business & Technology | Neel Kashkari: Space engineer to "bailout czar" | Seattle Times Newspaper
Surfing the waves above the rest of the population...
rosethorn -- oh, rest assured, he's still engineering outer space
CR,
I'm giving myself a hat trip...I posted this link this morning on the Trapped thread at 714 a.m.
HomeGnome wrote:
PoWM is the trainwreck of teh internets.
Wasn't there someone on here giving us $%#T for linking and liking?
No, not the woods exactly, as I know no woods in SoCal, but some enclave that's yet close to pristine, far removed from most people. At this moment, the only sounds are the wind gusts.
Nine Gals and counting, hmm...
perhaps we should tie it to BFF?
along with YOUTube comes an interesting set of analytic tools that provide
you with quite a bit of info on who is watching your vids and where. at the market's
bottom I had the greatest number of hits on my finance/Wall St based tirades or spoofs
where I had embedded tags like Bernanke, Goldman, Dimon, Pandit, etc...
I have mapped it all as of yet but I'll let you know how it co-relates...
...
OT /
IMO, it was quite clever to buy the SOB. He knows the plans. Talk about buying the inside edge. What chance do the "people" have when the guy they hired to do the planning sells himself out for lucre and exposes not only his plan but every weakness associated with it/them. Is this legal? I know, I've argued the other side. It is.
Slumdog wrote:
Let me be more explicit then. You are not above living in the things developers build. You are doubly in denial as you live in a house that violates the pristine you so claim to protect. BTW the tree in front of our SoCal cabin is ~5ft across. We just don't pretend we aren't part of the problem.
Slumdog wrote:
You missed the Sunrise Highway, then.
Slumdog wrote:
Salton Sea?
Irvine lake?
Hollywood Hack
you're the horse player aren't you -
One Man’s Discarded Ticket Can Be Another Man’s Salary (Times)
For the past 10 years, Jesus Leonardo has been cleaning up at an OTB parlor in Midtown Manhattan, cashing in, by his own count, nearly half a million dollars’ worth of winning tickets from wagers on thoroughbred races across the country.
Discouraged bettors usually toss their tickets as soon as the race they have wagered on has ended, which may be a bit premature.
During his glorious run, Mr. Leonardo, 57, has not placed a single bet.
“It is literally found money,” he said on a recent night from his private winner’s circle. He spends more than 10 hours a day there, feeding thousands of discarded betting slips through a ticket scanner in a never-ending search for someone else’s lost treasure.
“This has become my job, my life,” he said. “This is how I feed my family.”
...
He said that stooping brings him $100 to $300 a day, and more than $45,000 a year. Last month, he cashed in a winning ticket from bets made on races at Santa Anita Park in Arcadia, Calif., for $8,040. His largest purse came in 2006, when he received $9,500 from a Pick 4 wager (choosing the winners of four consecutive races) at Retama Park Race Track in Selma, Tex.
It is all taxable income. “I file my winnings with the I.R.S. every year,” Mr. Leonardo said in his thick Dominican accent.
slumdog,
The fiat federal reserve system is bankrupting itself with the help of the Treasury and it's partners...the TBTF banks that 'own' the Fed...it's a circle of doom (for the marks)...and a BIG bonus for the bubble private/public managers and private/public administrators and private/public partners and related insider investors...it's incestuous...
Duke - is this our US version of panning for gold in Zimbabwe to buy bread?
I cut down everything that blocked the view, except the oaks as I didn't like the idea of doing something illegal. Want some firewood? When the place was first cleared in 1898 or so, all the original trees moved on to ash heaven. The place was huge and before I arrived was subdivided, so the jerks down below are blocking parts of the view with their abominable trees. I guess it's just a matter of a willingness to live in something very old, sort'a grandfathered in, or a recent addition yet already there.
I'm no advocate for equality. I believe economic empowerment has its rewards and rights, and I work diligently at accreting and storing safely, as well as occasionally enjoying the lucre.
BTW, sorry the tree is blocking your view. Cut it down?
Slumdog,
Obviously there's no other choice but fiat and where it goes...the public is powerless...
The public are the marks...they are being played...by an operation...
The public can't vote out the operation or change their role as marks...
Slumdog wrote:
Yup. That sounds like the spirit of John Muir alright.
RD, exactly. He would have hugged the view.
mof - a public toilet, above which is written, NO US DOLLARS... our future?
as a dim and inconvenient prospect)
(RIF contemplates wiping with
deleted
Just to keep you small-business people honest...
Record Keeping for Business Barter Transactions
merchants of fear wrote:
At this moment, the public is powerless. But each of us as individuals are not. We all have options. Most of us refuse to act. That's the same as acting.
Rob Dawg wrote:
Ah.. so North Dakota, Montana, and Wyoming actually will come back to reality soon?
picosec - do they have a similar guide for multibillion-dollar non-US-based financial conglomerates?
So the Dollar...maybe not toast in the long run...it's the worst currency until you consider all the rest...
How about if we just assume the operations just continue, ad infinitum?
That's what will happen. Muddling along.
IMO, as is PIMCO's view, is to see into the future. They just bought Kashkari. I'm hoping the group mind here can deduce what PIMCO's owned man already knows, or at least can scent the scent.
If they do, I'm not on the distribution list.
Might anyone have an idea of any sign to look for as to what's in Kashkari's mind on which PIMCO's doing its Vulcan Mindlock?
...as the truth is, the US people paid for that twerp to glean and deduce what he has deduced. He should disgorge that info to all of us, not be the whore he's proven once again to be... not that I have an opinion.
The 'premiums' on gold coin bullion are getting a little spendy...especially tenth ounces...still the deflation vs. hyperinflation debate has not been settled...both paths lead to despair and destitution...unless preparations are not made...of course...the War factor will settle the fate of the national economies maybe...
"Might anyone have an idea of any sign to look for as to what's in Kashkari's mind"
This is a family blog!
Operations will continue...but the U.S. marks and U.S. debt will be played out...good luck playing the Chinese consumers...who make pennies on the dollar...European consumers will be played out too...
I hope we can get 2 more(or 3 if those 9 don't include his wife) so we can make a calendar.....how about it? All proceeds go to KCoop and CR.
The thing with a Super Duper (global) Bubble is there's a few good years for maybe decades of bad years or hard times...if you didn't 'cash in or out' in a timely manner or load up on gold?, oil? or land (cheap distressed properties?), you're screwed...
The Big Trick will be to continue the Legitimation of this dubious operation in the eyes of the public...that's what shills and apologists are for...to make it seem inevitable...or the fault of the public...or a few chosen smaller targets of disdain...controlled opposition...
The truth is that ZOMBIE Planet or the global Third World Order will see hunger and starvation from this Bubble/Bust...de-population...
These late night threads are like late night talk radio. What time does the alien abduction discussion start?
Some good stuff in here:
Security for Liberty for All (The Day The Dollar Died Part VII) | Shenandoah
I've really been enjoying it. Anyone buying gold at this point? I'm thinking a few ounces might be handy, just in case... Being accepting that I could lose 20% or so pretty easily.
just saw a report embedded in someone's comment in Post that acc Drudge Nike just broke their contract... ?!
3AM is abduction time for me, so I won't be able to discuss much of anything until I'm returned 15 minutes later.
But who needs aliens when we have squid?
Dead Shtick wrote:
As a very general rule, yes. They'll still have the long term demographic and regional economic issues. They'll also have individual disasters. What they won't have is a systemic contagion. About the only thing they have to worry about is retaining a diverse population. Mobility of certain types of demographic can cause holes in the socioeconomic fabric.
That 'people of wal mart' site is like a freeway wreck. You know you shouldn't keep looking but you just can't help yourself.
Dope,
Who brought up 'alien abduction'? A Shill. Refute my comments with some facts or links or references. This Bust is serious sh!t.
What's your take on what's happening, dope?
the Brits just shut down their UFO investigative unit after 50 years!
nice! I don't play the ponies, but love sportsbook (only legit, never online). I'm sure one could have a nice sideline cleaning up after NFL days at the LV Hilton, or after the first week of the NCAAs at half a dozen Vegas spots.
I should have mentioned 'systemic contagion' too but I did in numerous financial/currency crisis links, references, and research...did you check out any of it dope? Never mentioned the word 'conspiracy'...shills use the word 'conspiracy' maybe...
Video blogger who has a few (just a few) things to say about the on-going collapse
YouTube - InflationUS Channel
My wife is noticing worse driving and more irritable people. People are getting stressed.
It's such a tragedy that we couldn't hang on to the feeling of being united after the shock of 9/11. That was the one time in my 12 years in this country where people didn't pretty much universally drive like assholes.
"the Brits just shut down their UFO investigative unit after 50 years! "
They sold tonnes of gold at the bottom of the gold bear too...go figure.
mof- A depopulation agenda is seen by many at the top as a requirement (of course, they're safe)... watching them sell it to the common rabble, though, should get interesting. Strangely the contingent pushing for depopulation has existed since at least the earliest days of the Club of Rome. Some superbug, a global war or two, and assisted suicide (deathcare) could be seen, by a true psychopath, as simply furthering the Darwinistic goals of natural selection by culling the unfit...
If you ever check out the bogus sites covering the Bust and the Flu, etc. there's tons of this alien abduction and UFO crap...mixed in with criticism of the 'global' (NWO) economy but the UFO sh!t discredits the legit criticism...this is how disinfo works...bring in bogus stuff to dilute the real concerns...
once in awhile I placed bets over at the OTB on West 72nd... boy, that place is full of some real characters, guys who have a system and guard it with their life...
at least someone showed me the advantages of boxing horses... of boxing Helena or maybe both.
mof - I have taken to rewatching my X-Files collection this past week -- there is a great line in one of the earlier episodes about the best place to hide a lie being between two truths.
I don't think it is so straightforward as the haus of gross being as bad as the
...
their bread and butter is really more stability than disaster, as I understand it...
we're getting close to the event horizon where the pull of political gravity places the fed in the same positions with states and municipalities as they currently have with RE - the IV drip that keeps the vegetable beeping
I was in an OTB once, amazed as the bet taker woman gave a favored patron 4 tips in a row on 4 races, and they all came up aces.
yeah, the characters you meet are easily worth the bad bets... I still don't understand why Vegas (and AC, finally) enjoy such a monopoly on legit sportsbook... I guess some injuns are more sovereign than others
RIF,
Yeah...the Club of Rome and the warning of over-population all the way back to Malthus (geometric progression)...for profit food causes starvation as do cash crops...water shortages loom too...over-population can be a problem especially in over-populated areas...but some eugenics 'strategies' are the wrong path or 'solution'...agreed?
".did you check out any of it dope?"
Man! Look, grand schemes and palace intrigue have existed since Ooog the clan leader wanted to get rid of Brag and his followers so he could bang Brag's beyatch. Nothing tin foily about it really. I prefer my late night aliens...thank you very much.
Hack
back in the 80s they had this commercial on TV promoting OTB (off track betting) and
this little Puerto Rican says, smiling , '" Í wish there were 8 days in the week so I could play more at OTB!''
'the IV drip that keeps the vegetable beeping' - good one!
I like aliens too...in the movies...of course...
"It's such a tragedy that we couldn't hang on to the feeling of being united after the shock of 9/11."
United, my ass - more like 250 million shitheads hypnotized by incredibly cheap fascism.
mof - I think depopulation schemes smack of limited imagination and need to exaggerate inequity. Perhaps we should purge those who believe they are fit to implement a eugenics program. then the problem solves itself, largely, once those types are eliminated from the gene pool. We have more than enough resources to support the present population, just not under the rule where 0.1% of 0.1% own 99.99% and the rest exist in varying levels of squalor
Squid are bald, Kaskari, Bernake, Greenspan, Volker, aliens are bald. Coincidence?
Misean,
If the mark was smarter than the player...then trying to figure this out wouldn't be necessary...because the operation wouldn't work...you know separating people from their money and lifetime savings and such...and making it seem like an accident or a fluke...cooling down the mark...do you know anything about con jobs?
Who can forget Paulson in the baldy club?
'...hypnotized by incredibly cheap fascism' - another good one...a zinger!
Good point Dawg. Pointy bald heads. Yes. Now we are getting somewhere...
These men are at the minumum enablers of the con...
I tip my hat to your sensitive and incisive comment.
edit: Holy crap, the government publishes nutritional information for emu meat:
~05627~^~EMU,FULL RUMP,CKD,BRLD~^61.97^168^33.67^2.68^1.35^0.00^0.0^0.00^7^6.89^34^323^324^110^4.32^0.285^0.036^52.1^0.0^0.430^0.645^10.569^3.647^0.987^10^0^10^10^^2.20^11^3^3^0^0^0^0^0^0.26^^^^0.870^1.079^0.613^129^495.96^~1 full rump, cooked ( yield from 695 g raw meat )~^85.00^~1 serving, ( 3 oz )~^0
"Squid are bald, Kaskari, Bernake, Greenspan, Volker, aliens are bald. Coincidence? "
HOLY CUE BALLS BATMAN! EEEEK!
"do you know anything about con jobs?"
I got entire episodes of The Rockford Files committed to memory. And if you think things are gonna change much, then why does 3 card monty continue to draw crowds to this day?
Sorry, folks. Hoocoodanode's database server decided to shut itself down for some reason, and it didn't automatically restart the way it ought to have. I brought it up manually, and it seems to be working fine.
I'm investigating both issues.
Thank you! I was going through withdrawals.
Edit: I lost electricity due to a windstorm at about 6 PST and didn't get restored until past 9. Then I get kicked off by my wife and when I try to refresh, Arrgh, the Drupal message! Site offline.
just in case you weren't satisfied with zombie buildings, guess what? We'll get zombie ratings agencies in the future too.
BACK TO BUSINESS; Debt Raters Avoid Overhaul After Crisis - NY Times
What is this thing? I dunno? Big pile o cash says its AAA. Kewl...
OT: What have you been doing while making up the U6 numbers? I've been playing in a band called Pepper Lane. If you want some night shift music, give it a listen. Thanks.
[ba-hrraaahhh!!!] /comes up for air.
Thank you kcoop.
Dubai equities tank 6.2%:
Bloomberg.com:
Personal Finance
Led by RE and financials. Curiouser and curiouser.
C
EDIT: sorry, that's DFMGI from wider UAE, DUAE:IND is down 6.68% acc to bloomie. (But the stochastics have it deep in oversold territory so it must be a screaming buy, right? )
No info on what happened yet, but we appear to be stable.
Normally I'd ignore this guy's numbers but everything else he quotes looks right.
Economic Numbers. There is no recovery!
Here's the part that caught my eye.
He claims we're losing 2 million jobs per month versus Fed claim of 100K -
*"We are still shedding half a million jobs every week according to the Unemployment Insurance claims. That approximately equals** two million a month** who have lost what was steady work (The state laws vary as to how long you have to have been working -- Usually 6 months to a year -- before you can claim your unemployment insurance.
The Federal Unemployment numbers say we are only losing about 100,000 jobs a month. For last month they claimed that we only lost 11,000. Something is seriously wrong about the way they are tabulating unemployment"*
And introducing one of DowJones' eFinancial News 100 rising stars of finance, the only female CEO working in the Dubai International Financial Center:
Rising Stars/FN100 - Financial News Online
Hey, give it a couple of weeks and she may be the only CEO working in the Dubai International Financial Center...
C
kcoop wrote:
Yes, I've managed to fool quite a number of people like that.
BACK TO BUSINESS; Debt Raters Avoid Overhaul After Crisis - NY Times
Yeah Team
Go team go
Washington's Blog
Bank of Korea Sees ‘Illusion’ in Gold, No Cash Return (Update2) - Bloomberg.com
Ohhh, goodie! Where's JD, Cinco, HK, BSR and crazyv? and wxwatchers. Looks like a high wind event with snow for the NE on the way for tomorrow with gusts to 60mph. KEWL! Snow rates of 1"/hr possible...if the low bombs off the coast of Maine, then we'll get more snow and also we are going to get orographic enhancement of the snow/wind...yippie! Then we get cold and won't get above freezing by the end of the week, finally. More seasonable for the NNE. I've got a little accumulation now.
Ok sorry for the OT, its the first large winter system of the season, I always get excited about it. I need to put out my snow gauge, I keep forgetting.
Snow/cold is like glod here for a lot of people who make their living on the long winter season and also the setup for Maple sugaring season and even apples for the next year.
It was probably for the best the site went offline. Bunch of morel degenerates.
Slumdog wrote:
Yes it prevents the workers of the world unite you have nothing to loose but your chains syndrome. The people think they have something to loose so the call does not work. More and more I come to believe that this is behind every president since and including Hoover pushing home ownership. This is quite Machiavellian but does make sense. They usually say a "home owner" has more ties to his community ... but reading between the lines.
ldmeier wrote:
It's not a secret.
One purpose of the educational system is to filter motivated people so they don't fall on the wrong side of the revolution.
The more I watch the post-Boomers, the less I see revolution.
They can't even come in to work on time, much less hike five miles in the snow.
Wow.
I'm starting to think that Tiger may be secretly bankrupt.
Too much stuff is going on.
http://www.msnbc.msn.com/id/34323757/ns/sports-golf
"A woman was transported to hospital from Tiger Woods' Florida home after firefighters responded to a medical call early Tuesday, NBC News reported."
broward wrote:
not to put too fine a point on it, but why should this be any of our business. I haven't been, and I suggest you as well should avert your eyes.
You know, with both the Mothers-in-Law in residence through all this (yes since when it started) I see little reason to believe an elderly woman like Tiger's mom could tolerate the stress without some sort of episodic event. And did you hear Elin moved out? Well, who can blame her. And the neighbors say they smelled alcohol on his breath when he was laid out snoring from when the nine iron left a beautiful swoop indentation curling both of those never to be kissed again lips.
But, I wouldn't know. I'm not paying close attention.
broward wrote:
uphill, both ways
volker the viking wrote:
Because it's the #1 news story at 5 am.
kcoop wrote:
Hmmm - the same time Blackberrys went dead - maybe the machines are revolting?
Nanoo - we are supposed to get 10 inches today and maybe a blizzard tonight - Florida is looking better all the time.
Nanoo-Nanoo wrote:
Here, take one of my Handi Wipes and clean yourself up a little. I keep them around for just this sort of occasion.
I can only imagine how much scurry and skitter might be needed for a busy time like that.
Ma: knitting a dog hair scarf. She wove the yarn from Excelsior, their variegated cockapoo.
She says to Pa as he's getting up for another shot of his hard cider reserve, "Take your sorry self out and get some more firewood. You promised. We got a lot more to do what the thinking portion of our busy season nearly over.
Not only am I worried about zombie buildings, but I'm worried about zombie states and NATIONS! Anyone see how we get out of this fine mess? I can't see it, and I'm not talking about one or two casualties of this economic fallout like jobs or RRE in the US. I see a failed system globally that is too interconnected via sovereigns, large broker/bankers.
I simply do not see how the negative feedback loop can be stopped which IMO will lead to a gigantic decline in stature of the US and quality of life for more and more people which will likely mean at the least an increase in crime and a greater chance of civil unrest that isn't peaceful.
If the Middle East gets angry, de-pegs the dollar from oil, then I can see the Chinese doing the same as an opportunity and hawking the Renminbi as the worlds currency reserve. Then the USD floats and I wonder then if the Yen too will cut itself free?? Do I see a currency crisis in the making or am I wearing a
?
This is like a chess game in the 7th dimension, I can't figure it out.
Nakheel Has $3.65 Billion First-Half Loss on Writedown (Update2) - Bloomberg.com
Nanoo-Nanoo wrote:
I know.
Tiger's up to ten mistresses & one mulligan, with no end in sight.
broward wrote:
From looking at their pictures, at least he has better taste than Bill Clinton.
No scurry and skitter, it normal seasonal here but its LATE! Oh and that hard cider is good stuff. I got introduced to that this year. Way better than ale and beer IMO but ima girl so there ya go and I don't like sports much either (recovering baseball addict).
On a more serious note, those wood piles seem larger than usual this year. A lot of people up here bought those outdoor wood fired furnaces. I'm too old so I have other 'provisions' for the long winter and potential loss of power. In the boonies...no electric means...no water.
But I will take the Handi-wipe because I do get overly excited when there is the potential an extra heaping helping of wind/snow/cold. I just love that white stuff and in particular POWDER which is way better than that sloppy stuff. Eyeballing, looks like 1.5" and its snowing now. I'm not happy until we have a snow pack of about 8-12".
Edit to add: I have a 19 year old cockatiel...I had no idea he would live so long. His name is Chipper after Chipper Jones. He talks too.
Nanoo-Nanoo wrote:
hes he asked you to knit him a scarf?
No scarf but he wants to shred documents, he loves to shred paper-its more energy efficient.
I'm thinking of raising a herd of Lhasa Apso's. They grow fur at an incredible rate during cold months, its as soft and fine as Alpaca wool, as warm too. They come in a variety of colors so no dyes are necessary. Perhaps I could spin it, knit a few scarf's, gloves, hats and sweaters and sell them starting at $800 a piece as collectible folk art. heh.
Nanoo-Nanoo wrote:
Easy there, settle down girl. You really are one of them now.
No worries, I'm completely talentless and stupid outside of my chosen profession. No dancing on street corners for money as eyes would turn away at the ugliness.
I've thought about starting my own church though, using our home as a chapel, have our services on the 32nd day each month based on the new calendar I've created. Then I wouldn't owe property taxes and could get postal for free! But there is some stiff competition.
Nanoo-Nanoo wrote:
and all I gotta do is fall down some stairs? no thank you
and from now on, she stays the hell in front of me where ever we go
I notice also he has penned a Sally series of books.
He could update them to current:
Sally Tries Pot Which Leads to Crack
Sally Is Approached By a Pimp
Sally is Kidnapped into the sex Trade
and later:
Sally and Her Section 8 Money
Sally Has a Child, What Now
Sally Trains to be a Pole Dancer
I'm already in a pessimistic mood about American culture.
You're not lifting my spirits.
oo! oo! Meredith Whitney is coming on. I gotta turn down the lights, put on some mood music, oh yeah.
nanoo--I'm gonna prolly need that tissue back.
she looks a little trampy, I likee
wonder if she did her own make up
If I could afford it, I'd have some of Huneck's work, I love it. I'm trying to channel Alexander Solzhenitsyn or perhaps Robert Frost only more hermit like
as to not disturb the neighbors in hopes they won't disturb me.
Nanoo-Nanoo wrote:
I don't worry about the neighbors much.
I consider them to be our auxiliary food supply, especially during hard snow.
Nope, I need it worse than you do.
U.K., U.S. Top Aaa Ratings Tested by Debt Burdens, Moody’s Says - Bloomberg.com
broward wrote:
the road's closed, the plows won't get this far up the pass until April at the earliest
lawyerliz wrote:
Are there edible fungi in Fla?
uh, thats not a joke where I live and I positively adore it. and Oh HEY..snowing hard now which wasn't forecasted. kewl.
broward: the axillary food supply would need to be braised for a long period of time to be edible as I suspect they are tough and stringy. I don't have any fava beans or Chianti either to compliment the dish.
The natives are getting restless elsewhere:
Hedge Funds Win on Chicago Sewer Debt at Public Cost (Update1) - Bloomberg.com
Nanoo-Nanoo wrote:
They're hispanic.
Mexican food is rarely tough or stringy.
good morning.
Dec. 8 (Bloomberg) -- Kenneth Feinberg, the U.S. paymaster for rescued companies, will exempt some executives at American International Group Inc. from a $500,000 salary cap after at least five employees threatened to quit because of the limits, people familiar with the matter said.
Cramdown legislation is being considered in the House again. The banksters will have to get to paying off the Senate again...
broward wrote:
Wow, my neighbors are Chinese. Some say they're delicious but in an hour you're hungry again.
Greek Stocks, Bonds Slide for Second Day on Downgrade Concern - Bloomberg.com
That Lyin' Media (Consumer Credit) - The Market Ticker
Nice take on consumer credit-
RE: BofA on trial modification paperwork
My apologies is someone has already pointed this out. And for being late to the punch.
But Olick's reporting of BofA says that this 2/3 is current with their trial modification payments. Wouldn't it be more logical then to assume that the borrowers under-reported their income verbally (such that it's physically possible for them to keep paying during the trial mod) than to assume that their income won't support the payment? Especially given that they have 5 months not 3 now where they've been making the payment in full and on time?
Liar loans of people who didn't have the income have already been foreclosed on. I expect we'll see that these trial modifications were primarily from people trying to game the system, and who wouldn't like to commit the full 33% or 38% or whatever of gross monthly income that's required to be eligible for the "real" mod.
Why should they be "punished" for having gotten a raise or two since they bought the house?