Quantitative Easing For Joe Six Pack

If big shot Chairman Ben Bernanke can hang his bare, hairy ass out of the Federal-Reserve-Fun Bucks-Jet Copter 1 and shit Benjamin’s & Jackson's all over this great country, why shouldn’t Joe Six Pack be able to do a little do-it-yourself project in the basement of his over leveraged shack and pay off his crushing mortgage down at the First National Bank of East Jesus?

... to live and die in L.A..... da da da da da da da da.....

"Women face host of obstacles to retirement" - USA Today

"Women face a host of obstacles that are tarnishing their golden years:"

Income gap, unemployment, retirement savings plans.... yada, yada, yada but they neglect to address the elephant in the room....

....the elephant called

"I could not for the life of me pass up a fucking shoe sale/dress sale/Bed Bath and Beyond white sale back when I was working and I blew a shit load of money on a bunch of craptastic clothes and accessories and sheets and towels and other assorted bullshit"

Cry me a river and eat your damned Manolos, honey bunches.

You've Heard of the George Foreman Grill, Right?

Well then, let me introduce you to the Roger Clinton Rice Cooker...

...for just $150 USD, get "your rice steamed".  Call now, and you get the "Pocket Fisherman" for just $5 more (plus shipping and handling).

"The self-employed 36-year-old claims Mr Clinton invited her over to his Torrance, California, house on April 1, 2011 to cook rice for him. She says he offered her $150. "
Read more: http://www.dailymail.co.uk/news/article-2209084/Bill-Clintons-half-brother-stood-women-fought-home.html#ixzz27hJfn55w 

Hello Sweet Ass Mamma Voter - This is Barry

250 minutes per month covers a LOT of emergency contact... that's a shit load of bam-ba-lance, fire, poh-poh calls...know what I'm sayin'

How do I get in on this sweet ass deal? You ask.... well look no further

Yes..another happy Lifeline customer ... consumer ... patron ... deadbeat ... assclown lacking any self - respect ... citizen of the Republic ... voter.

Run Casey Serin, Run!!!!

"If there is any indication that you falsified information on your new loan application, the OIG is “absolutely” going to refer you for criminal prosecution, Wolfe said.  ”We’re not just going to demand repayment,” he said.  ”We’re going to lock people up.”

But then on the other hand....

"So a 45-person enforcement office at the FHFA has the resources and incentive to put strategic defaulters in jail, but mention the name Jon Corzine to the 5,000 prosecutors at the Eric Holder Covington & Burling Department of Justice and they stick their heads so far down in the sand, their asses sprout beach umbrellas."

Bwahahahaha!!!

"Chicago Tribune - Strategic defaulters, beware.  The feds are coming for you.  And they are not happy."

"And if you think the mortgage cops won’t find you, think again.  The OIG’s investigative office has a 45-person staff, “all experienced people with 15 to 20 years as investigators and prosecutors,” according to Peter Emerzian, deputy inspector general in the Office of Investigations.  They work out of 11 field offices, soon to be 14, nationwide, and they’re looking for you."

Got popcorn?  If you were a more or less honest person sitting on the sidelines watching this clusterfuckesque perfect storm gather on the horizon, this is where the show gets interesting and funny and maybe a little tragic.  To borrow a phrase that the ex-Mrs. Bing's pencil-dick equipped divorce attorney once used, "The saga continues" (to which I replied "Go fuck yourself" in a nice way).  This is where you can shake your head in silence with a "I tried to tell you, dipshits" look on your face when in the company of assclowns who actually denied the existence of the credit bubble chasing real estate back in "the good old days".

Cures Hiccups...for Realsies

KILLEEN, Texas • A soldier from Missouri died in Texas after gunfire blamed on a buddy who allegedly wanted to help cure the victim's hiccups.  Killeen police say both soldiers were drinking alcohol and watching football Sunday when the shooting happened.

The Fattest Poor People in All The World!!! USA!! USA!! USA!!

At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day’s trash for her next meal. Already, she had found a dozen aging potatoes she deemed edible and loaded them onto a luggage cart parked nearby.  “When you don’t have enough money,” she said, declining to give her name, “this is what there is.”

Spain's newly minted poor dumpster dive for next meal.

Hey Haans, Bait Shop Phoned, One of Your Fingers is Ready

Galassi had been on a camping trip at the scenic lake when he decided to go wakeboarding. He told the newspaper his hand got caught in a loop in the towline, and he couldn't pull it out before the line tightened behind the boat that was going to pull him.When he finally broke free, he didn't feel much pain. But then he looked at his hand."I pulled my hand out of the water and it had pretty much lopped off all four fingers," he said. "It was a lot of flesh and bone, not a lot of blood."

...might be an idea for a new lure...the Kenny Bing Fickle Finger of Fate...or an X-rated version, the Kenny Bing Dick of Death

African Pussy Ravaged By Somali Pirates

"Prostitute Faduma Ali longs for the days when her pirate customers had money. As she smoked a hookah in a hot, airless room in Galkayo last week, she sneered as she answered a phone call from a former customer seeking some action on credit."

"Those days are over. Can you pay me $1,000?" she asked. That's what she once got for a night's work. "If not, goodbye and leave me alone."
"Money," she groaned as she hung up.
The caller, Abdirizaq Saleh, once had bodyguards and maids and the attention of beautiful women. When ransoms came in, a party was thrown, with blaring music, bottles of wine, the stimulant khat and a woman for every man.
Now Saleh is hiding from creditors in a dirty room filled with dust-covered TVs and high-end clothes he acquired when flush."

K-A-B-O-O-M!!!!!!!

Taxes...Beautiful, Lovely Taxes

"With this year's budget deficit target looking untenable, the conservative government is now looking at such things as cuts in inflation-linked pensions, taxes on stock transactions, "green taxes" on emissions or eliminating tax breaks."

...forgive me a cruel chuckle....power....

SNAP - Bipartisan Politics At Its Finest

If you have to guess who the goose represents....nevermind.

"Bringing Farm State Republicans/Southern Democrats together with Urban Democrats".  A nice little slideshow.  No, it is not from my Kenny Bing Summer Vacation.

Discount Grocer Badonk-a-donk

While Congress is fussing over the farm bill, Michele Simon’s new report, Food Stamps: Follow the Money, identifies the businesses that most stand to gain from the $72 billion spent last year on SNAP.

and then this:

Last year, the Supplemental Nutrition Assistance Program (SNAP) — i.e. food stamp program — in the United States spent $7.4 billion more than it did the year before. $7.4 billion happens to be almost identical to the entire GDP of Nicaragua, a nation of 5.9 million inhabitants. SNAP used its additional $7.4 billion to feed 4.4 million of America’s poorest citizens. Meanwhile, all 5.9 million Nicaraguans — rich and poor alike — managed to “live on” $7.4 billion.

Always lots of "food for thought" over at the Daily Reckoning.

A Peek Inside the Mind of a "Job Creator"

"Africans want to work, and its workers are willing to work for less than $2 per day. Such statistics make me worry for this country's future."

Yep, it's getting harder and harder to be a job creator.

Rinehart knows what it means to pull yourself up by the bootstraps. She inherited a fortune now estimated to be worth about $18 billion.



How'd you like to eat dat pussy???... I wonder if an African would do it for $2 a day or hold out for $3....

By these standards, Aztecs would almost be considered "job creators" and their enslaved would be "labor"...

Sensing a Void in the Market, Kenny Rogers Roasters Moves In

KFC shuts all Pakistan restaurants amid protests

  delicious chicken baawwwwwwwkkkkk!!!!

When You're Right, You're Right...Please Pass the Vodka, Vladimir

November, 2002

The Russian president, once a high-ranking KGB official, spoke at great length about the dangers of Islamic fundamentalism and the war in Chechnya. He said Chechen Muslims want a Caliphate, or Muslim state, "on Russian soil".  Islamic "radicals have much more ambitious goals. They talk about setting up a worldwide Caliphate and the need to kill Americans and their allies," Mr Putin said.  "They talk about the need to kill all ... non-Muslims, or ‘crusaders’, as they put it. If you are a Christian, you are in danger.  "If you decided to abandon your faith and become an atheist, you also are to be liquidated according to their concept. You are in danger if you decide to become a Muslim. It is not going to save you anyway because they believe traditional Islam is hostile to their goals."  

September, 2012 - "Pakistan's "Day of Love for the Prophet" turned into a deadly day of gunfire, tear gas and arson. 

But it is Pakistan that has seen the most sustained violence, driven by a deep well of anti-American sentiment and a strong cadre of hard-line Islamists who benefit from stoking anger at the U.S. At 49 people — including the U.S. ambassador to Libya — have died in violence linked to the film around the world."

Feel the love....

"I only want to warn you that you should not create any loopholes for these people. Anything, even the smallest trifle that's to their advantage, is perceived by them as a weakness and will be used by them against those who demonstrate this weakness." - yikes!

They are still fighting there.  Of course it might have something to do with oil.

"Chechnya, a Russian republic, is a remote, oil-rich area bordering Georgia, whose population is predominantly Muslim. Historically, its residents resisted Russian control. Since the collapse of the Soviet Union, the territory has been the scene of two wars that caused thousands of deaths and at times embarrassed Russia's military."

Clowns, Please Line Up to the Left and Jokers, Please Form a Single Line on the Right

We're all zombies Keynesians Now...

"One thing I’ve been struck by in the latest phase of this debate, noted in passing here, is the extent to which Repubicans, who for years have insisted that government spending doesn’t create jobs, are all the sudden clamoring about how the defense cuts in the sequestration will be a massive job killer."

Want to see locals go apeshit? Tell them Uncle Sam is going to close a military base in their community.

"The government is handing out money – often $3,000 to $10,000 – to low- and middle-income home buyers around St. Louis.  If you're earning a decent wage, but not a lavish one, this government giveaway might just put you into a house."

“It's wonderful,” she said. “I don't know how I could have come up with that $7,500 on my own.”

It's like hitting the goddamned lottery, huh?!?!? <smug bastard squeals of delight>

Both Parties Are Fans of Redistribution

“In 1980, about 30% of Americans received some form of government benefits. Today, as Nicholas Eberstadt of the American Enterprise Institute has pointed out, about 49% do.
“In 1960, government transfers to individuals totaled $24 billion. By 2010, that total was 100 times as large. Even after adjusting for inflation, entitlement transfers to individuals have grown by more than 700% over the last 50 years. This spending surge, Eberstadt notes, has increased faster under Republican administrations than Democratic ones.”

As far as I can tell, Republicans will let you suck on Uncle Sam's teat if you do something for them in return - for the unwashed masses: join the Army and go on fantastic journeys abroad, pay into the Social Security system for several decades, keep your lawn cut, be a good worker bee and of course, vote Republican....
- for those who are, ahem, a bit more refined, become an investment banker

Democrats tend to whore Uncle Sam out for a little less in return - just sign up for loans you haven't a Chinaman's chance in hell of repaying and vote for Democrats.

Poor Mr Brooks is indignant. “Who are these freeloaders?” he wants to know.

Mitt's Candor

“There are 47% of the people who will vote for the president, no matter what… All right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that’s an entitlement. And the government should give it to them. And they will vote for this president no matter what… These are people who pay no income tax.”

Daily Reckoning

A politician running for president has uttered a heresy that brings into question the holy grail of democratic politics. Romney has failed to pretend as if the country is one big happy family that uses our glorious voting system to discover ever better ways of governing ourselves.

Every family has 'em - you're just not supposed to talk about them and pretend it's all OK...  what would the neighbors think?

Thieves in the Night

“Community banks are a critical part of our financial system,” said U.S. Attorney Jenny A. Durkan. “Mr. Portmann lined his pockets with millions of dollars in commissions and bonuses, at the expense of the families who now find themselves underwater on their mortgages. His fraudulent conduct led to the demise of Pierce Commercial Bank and significant losses for other financial institutions.”

According to records in the case, between 2004 and 2008, Portmann and the other defendants conspired to submit false documents within various loan documents and applications.   They falsified information about the borrowers’ qualifications as well as their intention to reside in the homes being financed.   Based on a review of a sample of loans, the co-conspirators caused more than 270 loans that contained false and fraudulent documents and information to be funded by Pierce Commercial Bank representing in excess of $45 million in loan proceeds.

There were a boat load of these guys working the 3 Card Monte' during the credit bubble run up.

Trust your old Uncle Kenny here kids - these guys are like mice.  When you find one and kill it, you can bet your sweet ass that there are about 50 other ones crawling around in the walls unseen.

When longstanding frauds unravel, things usually get ugly.  I would make the argument that a large part of the US economy was built upon interconnecting schemes that involved many people from many walks of life.  When I read www.mortgagefraudblog.com or www.stopfraud.gov, what I see is the perpetuation of longstanding frauds that were allowed to fester.  The gambits and Three Card Monte’ games were perpetuated by doctors, lawyers, Indian chiefs, etc.  Some of the schemes date back two decades or more.  I think that many of them were carried on with either the expressed blessing of government (at worst) or with the government agreeing to just “look the other way” (at best).  At heart, I am a Mississippi hick with a 12^th grade ed-u-mah-kay-shun and a bit more schooling at the “Institution of Hard Knocks” and even a dummy like yours truly could see it.  There are many bloggers who were writing about this way before the credit bubble stalled and began deflating.  They were writing about the fraudulent behavior occurring within the bubble – sometimes in plain sight.

To clarify - I do NOT think that bubbles in the US economy are fraudulent.  They are very real but not sustainable.  Our economy has ALWAYS been marked by periods of rapid expansion followed by a collapse that plays out over a few years – until the “next big thing” sweeps over the country.  What I am talking about are the frauds and hucksters who use these naturally occurring bubbles just as a thief uses the cover of night to his advantage.  Like them or not, bubbles happen.  Euphoria and the pitter patter of fluttering hearts happens.  People have emotions – they love things and they hate things and sometimes love turns to hate and hate to love – the head is ever the dupe of the heart – know what I’m sayin’ Homie?  So, their money (and credit) goes toward that which they love.

 

If The Shoe Fits....

It's true... I don't know if 47% is a legit number or not but there are a shit load of assclowns in this country who are coasting, phoning it in, etc. and the number seems to get larger and larger every year.

"FT Washington correspondent Stephanie Kirchgaessner and DC bureau chief Richard McGregor re[prt pm tje fa;;pit pf tje vodep. how Romney and his campaign team are dealing with the revelation, acquiescing that his remarks on the 47 per cent – including that they are “dependent on government”, do not pay tax and “believe that they are victims” – weren’t “elegantly stated” and he wanted to help “all Americans struggling in the Obama economy”.

FT article - as far as this being all on Barry, you can't really say that. This culture has been coddling deadbeats and backing wrong headed notions like single parenthood, helicopter parenting, tax incentives for squirting out children one can not really afford, etc., etc., etc., for a very long time. It has become / is becoming engrained in the culture. It's bullshit and if we are not careful, we're all gonna choke on it.

And Leon is Getting Larger!!!!

46 second mark... that guy just kills.

Building on the state-by-state obesity data CDC released in August, "F as in Fat" projects obesity rates of at least 44 percent in every state and over 60 percent in 13.

Fat and getting fatter....  Yikes.

Canary in a Coal Mine

Canadian-based Bombardier Recreational Products Inc. announced last week that it's closing the plant in Benton. The company cited a decline in sales in the marine industry, most notably those involving sport boats.

Row, row, row your boat... gently down a stream.....

In the past five years, Brunswick (a major playa' in the sport boat industry) stock is up around 11%.  The company's stock took a major hit going from roughly $24 a share down to around $4 a share in 2008.  With no outside intervention, the company might well be reorganized in a bankruptcy or completely out of business.  But, it has rebounded nicely since 2008 but only because of the massive intervention that had to occur via ZIRP.  The momentum has slowed.  BC was up 67% during 2010 and 2011.  During 2012, BC stock was still up but just under 16% and appears to be stalling.  Recreational, gas-powered watercraft are THE picture of non-necessitous consumer spending.

When You Wish Upon a Star and Crescent....

you could re-use this poster if you were making a documentary about the Arab Spring....

When liberals dubbed the 2011 Middle Eastern uprisings an “Arab Spring,” they were doing what they always do, seeing what they wanted to see: aggrieved underclasses overthrowing tyrannical dictators in order to achieve democracy. And on the surface, that remains an accurate description of what occurred. The problem is that liberals assume democracy is a step toward their utopian vision of a people’s state — complete with women’s suffrage, freedom of speech, gay adoption and government-sponsored health care for all. But, given a democracy, most Muslim societies choose to live under Sharia law.

The truth is that democracy is not inherently good. It never was. According to Aristotle, democracy was the oppressive and self-serving rule of the people.

Coupled with my policy of Extreme Benign Neglect, I add a "Good Fences Make Good Neighbors" clause.

I Would Not Hold My Breath Waiting for That to Happen, Hillary

"The people of Egypt, Libya, Yemen and Tunisia did not trade the tyranny of a dictator for the tyranny of a mob," she said Friday during a ceremony in which the bodies of the four killed in Benghazi returned to the United States.

"Reasonable people and responsible leaders in these countries need to do everything they can to restore security and hold accountable those behind these violent acts. And we will ... keep taking steps to protect our personnel around the world."

What a clusterfuck...

Stevens (when he was still among the living): "build a free, democratic and prosperous Libya..."

O-kaaaaaaaayyyyy.......well, good luck with that......

I offer an alternative policy - it is the "Kenny Bing Policy of Extreme Benign Neglect".  Winter is coming.  Food producers here just finished a summer of extreme drought.  Production is waaaaayyyy down.  Hungry motherfuckers?  Good luck with that.

Jacked Up!

Sean Lee probably thought his name was fuckin' Sean Connery after taking that hit.

The Plot Thickens for Ahmadinejad

She said that steps the United States and other countries are taking to pressure Iran are working.
"We have just seen the imposition of another layer of the toughest sanctions that have ever been imposed on a country," Rice said, adding that Iran's oil production and currency have both plummeted 40%.

Susan Rice on the boob tube this weekend... wonder what her tata's look like....

In the "Weekly Petroleum Status Report" from some dude named James Beck on Mish says demand for oil and oil products is down... way down.  Dude has some charts and shit to back up his claim... I think he needs to get some hobbies or a girlfriend.

And meanwhile back in Iran, there are still no gay people.

Chinese Tips On "How To Throw a Proper Riot"

from Zero Hedge  ---  more picture tips on how to throw a proper riot... what to wear (remember it is after Labor Day so no white shoes or belts as summer is over), snacks to bring (rioting will work up a powerful craving for snacks), proper hydration (...and a powerful thirst), good tunes to play on the i-Pod while smashing windows and burning the cars of your fellow countrymen, etc.

Conform Or Be Cast Out

1700 Years Of History Down the Shitter

 "We do admit the relics were the cultural heritage of Afghanistan, but the part that contradicts our Islamic beliefs we would not like to have them any more."

Step One: Find something to be pissed off about
Step Two: Gather some of your other Kool-Aid drinking friends
Step Three: Blow it up or burn it down - doesn't matter if it was a fried chicken stand built a few years ago or a Buddah carved from sandstone 1,700 years ago

That was in March, 2001 folks.  Can someone clue me in on what has changed?

Arab Spring My Ass

CNN Headline... for realsies....

"Arab Spring nations don't yet grasp freedom of dissent"

http://www.cnn.com/2012/09/14/opinion/husain-arab-spring-democracy/index.html

Newsflash for you - these jugheads will NEVER understand that in order to have a free and open democracy, you MUST allow (even encourage) free speech.

These people LOOK for something to to be pissed off about.  It is as plain as that.

"The Arab uprisings have overthrown tyrants in Egypt and Libya, but the populations and lawmakers have yet to grasp that democracy is not only about free elections but creating free societies."

Never try to teach a pig to sing. It wastes your time and annoys the pig. - Mark Twain

We wasted a shit load of time, blood, treasure, resources trying to teach a pig to sing.  Jesus H. Christ, a two bit, asshat movie comes out about their religion and they go completely apeshit.

"Try to imagine what they would be like if they were a religion of terror."

from http://iowntheworld.com/blog/?p=149719

I'm Betting It Was a Delicious Smelling Fire

Too Much Feel Good Crapola in the 80's

Ambassador to Egypt Anne Patterson “did not permit U.S. Marine guards to carry live ammunition,” according to multiple reports on U.S. Marine Corps blogs spotted by Nightwatch. “She neutralized any U.S. military capability that was dedicated to preserve her life and protect the US Embassy.”

If true, the reports indicate that Patterson shirked her obligation to protect U.S. interests, Nightwatch states.
“She did not defend U.S. sovereign territory and betrayed her oath of office,” the report states. “She neutered the Marines posted to defend the embassy, trusting the Egyptians over the Marines.”

Hungry Ahmed? Pay More to the Indians For Grain or Eat a Koran and Wash it Down With Some Sand

(Reuters) - Demonstrators attacked the U.S. embassies in Yemen and Egypt on Thursday in protest at a film they consider blasphemous to Islam and American warships headed to Libya after the death of the U.S. ambassador there in related violence earlier in the week.

"King said the U.S. should suspend aid to Egypt until Morsi makes "absolutely clear" he is condemning the demonstrations and taking "forceful action" to protect the U.S. Embassy. 

Obama, in an interview with Spanish-language network Telemundo, pushed back on the idea of suspending aid, saying the U.S. "doesn't have an option of withdrawing from the world." 

On Egypt, he said pointedly: "I don't think that we would consider them an ally, but we do not consider them an enemy." 

King countered: "If he's not an ally, why do we continue to give him billions of dollars in aid?" - Fox News

"The Middle East (with Iran, Iraq, and Saudi Arabia the biggest buyers) is the second- or third-largest global rice import market." - USDA

"MENA (Middle East North Africa) countries are being affected by the global food crisis because they are large net food importers and have to rely on imports to meet about 50% of their food needs." 2008 World Bank

They can't produce enough food to feed themselves but one thing they've got in spades is sand.

"In arid northern China, for example, dunes are advancing on some villages at a rate of 20 meters per year. Parts of Africa and the Middle East are likewise threatened." - NASA

Pay more to the countries willing to export to your region or starve assholes... makes no difference to me as I am sick of your shit.

Colonel Klink To Attempt Jump Across Snake River Canyon

Klink & Schultz make last minute modifications before the big jump!

EU leaders and analysts expressed relief, and financial markets lifted, on Wednesday after the German Constitutional Court cleared the way for the launch of a bailout fund and debt brake.

This should be interesting.

You Can Not Make this Shit Up

"The shooting stemmed from an argument between Lowe and Cunningham over whether the cuts of meat they were planning to cook were pork steaks or pork chops, police say.  Cunningham said they were pork steaks, police said. Lowe disagreed."

"Lowe died later at Barnes-Jewish Hospital. Cunningham, who was correct about the meat, was taken into custody."

Fuckers are killing each other over Cheeto's and pork BBQ...

My Song for the Day

Back from Camp



hey...where you been asshole?



Uncle Bill's Camp Grenada





yeah, I missed you too, pencil dick



well... I've enjoyed having the Shack de Graff all to myself.... sort of









Hey, up yours... it was pretty quiet while you were gone... sort of boring...

no cats there - sort of missed giving you shit

 

'Tis the Season to Express Your Political O-Pinion



...just remember that your O-Pinion and 3.95 Ben Bernanke Fun Bucks will get you a Starbucks Grande Mocha



We've Come a Long Way from Gub'ment Cheese

It ain't easy being cheesy...

Lifeline is a government benefit program supported by the Universal Service Fund that provides a discount on phone service for qualifying low-income consumers. Lifeline helps ensure that eligible consumers have the opportunities and security that phone service brings, including being able to connect to jobs, drug deals, family, and emergency services.

Phones for votes. Why is the Ben Franklin answer to a question constantly popping into my noggin lately (?) : A republic, if you can keep it.

Don't Stop Thinkin' 'bout Tomorrow

from Of Two Minds

It wasn't just wage stagnation.  Prices were lower for everday items.

These are some of the things you may have seen advertised Below and how much food and groceries cost in the 80's
2% milk $1.59 a gallon Iowa 1987
Apple Juice 99 cents per gallon New Jersey 1986
Apples 39 cents a pound Wyoming 1986
Bacon $1.69 cents per pound New Jersey 1986
Blue Bonnet Margarine 50 cents per pound Pennsylvania 1981
Bratwurst $1.69 per pound Iowa 1987
Bread Sliced 55 cents New Jersey 1986
Broccoli 39 cents per pound Wyoming 1986
Cheese Puffs 89 cents a bag Kentucky 1986
Corn $1.18 for 12 Pennsylvania 1981
Flour 99 cents for 5 pounds Pennsylvania 1981
White Sliced bread 50 cents Pennsylvania 1981
Grapefruit 33 cents New York 1988
Ground Beef $1.39 per pound New York 1980
Ham and Cheese Pizza $2.49 New York 1988
Heinz Ketchup 99 cents Pennsylvania 1981
Ivory Dish Soap 79 cents New York 1980
Kiwi fruit 99 cents per pound New Jersey 1986
Kraft Singles Cheese $1.47 for 12 Pennsylvania 1981
Leg O Lamb $2.19 per pound Wyoming 1986
Miracle Whip $1.27 Pennsylvania 1981
Navel Oranges $1.39 for 10 New York 1980
Peanut butter, Skippy $1.49 jar New Jersey 1986
Pineapples $1.69 each New Jersey 1986
Plums 39 cents per pound Pennsylvania 1981
Pork and Beans 40 cents Iowa 1987
Pork Chops $2.49 per pound New York 1988
Pork Loin $1.39 per pound New York 1988
Pot Roast $1.49 per pound Wyoming 1986
Potatoes $1.00 for 5 pounds Wyoming 1986
Rib Eye Steak $3.89 per pound Iowa 1987
Ritz Crackers $1.59 Wyoming 1986
Strawberry Jam $1.39 Pennsylvania 1981
Tomatoes 39 cents per pound New York 1980
Tuna, Star Kist 99 cents per bag New Jersey 1986
Turkey 55 cents per pound New York 1980
If you were part of the middle class in 1983 and voted for the Republican & Democratic party procession of witch doctors with lots of feel good, bullshit, central planning assclown ideas about how to “help the unwashed masses” shoehorn themselves into a house and lifestyle that they would eventually lose in a foreclosure anyway, then congratulations from your old Uncle Kenny.  Awww shucks…. looks like you managed to shoot yourself in the foot, Dumbass Beaver.

Home Mortgage Deadbeat Heroes

find an excuse... any excuse

"In fact, Chapter 7 Trustee Nauni Manty had actually scheduled the hearing with Nancy Dreher, the Catholic judge, for 1:00 p.m. but sent notice to the Debtor that the hearing was set for 1:30 p.m. Debtor seriously questions Chapter 7 Trustee Nauni Manty’s motive in informing Debtor of the wrong time for the hearing. Was it to the make the job of the black-robed bigot that much easier? So, rather than forcing the Court to hear the case on its merits, the matter can just go by default? Debtor is suspicious of the Chapter 7 Trustee Nauni Manty’s motive given her track record of lies, deceit, treachery, and connivery, particularly, since the Chapter 7 Trustee Nauni Manty, the U.S. Trustee Colin Kreuziger, and Nancy Dreher, the Catholic judge, have been communicating with each other about this Debtor on an ex parte basis. U.S. Trustee Colin Kreuziger, Chapter 7 Trustee Nauni Manty, and Nancy Dreher, the Catholic judge, are of the same race and religion and their track record demonstrates their conspiracy and deceitful practices to hurt the Debtor."

There is a wrong headed assumption made by all these "let's make decent & clean housing affordable for ALL people in these great United States of America". Some of these idiots are NEVER going to make good on financial commitments. It goes against every grain of DNA in their miserable deadbeat bodies. They simply can't do it and never will. Lending them your money is stupid and that's why all these assclown policy makers lend them your money instead.

"As negative equity increases, we see corresponding increases in the number of new problem loans," LPS said Monday. "In Nevada and Florida, two of the states with the highest percentage of underwater borrowers, more than 3% of borrowers who were up to date on their payments are 60 or more days delinquent six months later. This suggests that further home price declines - should they occur - could jeopardize recent improvements."

I don't think the fat lady is quite done singing yet... or she is coming back on stage for an encore.

Central Planning Dudley Do-Right Do Gooders Unite

For you have the poor always with you; but me you have not always.

Henry Cisneros (former HUD secretary back in the good old 90's) bitching about the lack of affordable housing available in Texas... Really?  Newsflash for you Henry - you helped create this clusterfuck.

Be Careful What You Hope For - You Might Get It....Good and Hard

"Beginning in 1992, Congress pushed Fannie Mae and Freddie Mac to increase their purchases of mortgages going to low and moderate income borrowers. For 1996, the Department of Housing and Urban Development (HUD) gave Fannie and Freddie an explicit target -- 42% of their mortgage financing had to go to borrowers with income below the median in their area. The target increased to 50% in 2000 and 52% in 2005.  For 1996, HUD required that 12% of all mortgage purchases by Fannie and Freddie be "special affordable" loans, typically to borrowers with income less than 60% of their area's median income. That number was increased to 20% in 2000 and 22% in 2005. The 2008 goal was to be 28%. Between 2000 and 2005, Fannie and Freddie met those goals every year, funding hundreds of billions of dollars worth of loans, many of them subprime and adjustable-rate loans, and made to borrowers who bought houses with less than 10% down."

Everybody have fun tonight, everybody wang chung tonight.

Perverting That Which Should Be Special

home  (hm)

n.

1. A place where one lives; a residence.

2. The physical structure within which one lives, such as a house or apartment.

3. A dwelling place together with the family or social unit that occupies it; a household.

4. a. An environment offering security and happiness.

    b. A valued place regarded as a refuge or place of origin.

5. The place, such as a country or town, where one was born or has lived for a long period.

6. The native habitat, as of a plant or animal.

7. The place where something is discovered, founded, developed, or promoted; a source.

8. A headquarters; a home base.

 

Just to remind people where this clusterfuck was born....

pervertingpresent participle of per·vert (Verb)

Verb:

Alter (something) from its original course, meaning, or state to a distortion or corruption of what was first intended. Lead (someone) away from what is considered right, natural, or acceptable.

Money For Nothing, Chicks For Free

"There is a country that, more than any other, needs the Federal Reserve to embark on QE3.  It is not the U.S., however."

"For one thing, Beijing these days needs a weak dollar."  - Forbes

"If money isn't loosened up, this sucker could go down" - Dubya, NY Times, September 25, 2008

I wonder how you say that in Chinese...

Five Different Flavors!!!!!

Mish today.

 

"Key Findings

• 48% depleted a good portion or all of their savings prior to making a decision to walk away. 
• 68% cited property values as the key reason for walking away. Only 5% cited health issues and few still (4%) cited loss of income.
• 53% said they would have walked away if they were 20 years younger while 23% said they would not have. The remaining 24% said the question was not applicable (they were not old enough to have a house).
• 30% said retirement was a factor in their decision.
• 22% made the mistake of tapping retirement accounts before walking away and another 16% considered doing so but decided against it. 63% never considered it.
• 88% readily admitted they were "strategic defaulters". 12% said they were not. This result is consistent with the 9% citing health or loss of income as reasons for walking away. 
• 75% struggled with the morality of walking away. 25% did not.
• 97% said they would recommend walking away to family members if they were in the same situation. 

That last bullet point is an indication that having walked away, the struggle over morality quickly ended, most likely in relief."