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This Goldman retard thinks homes increase in value 9X every ten years. Winkelried can't see the forest through the trees, even as the world crumbles around him because of the burst Housing Bubble.
Kucinich is noted for his opposition to "mind control satellites": 107th CONGRESS - 1st Session H. R. 2977 IN THE HOUSE OF REPRESENTATIVES October 2, 2001 Mr. KUCINICH introduced the following bill... SECTION 1. SHORT TITLE. This Act may be cited as the 'Space Preservation Act of 2001'. SEC. 7. DEFINITIONS. In this Act: (1) The term 'space' means all space extending upward from an altitude greater than 60 kilometers above the surface of the earth and any celestial body in such space. (2)(A) The terms 'weapon' and 'weapons system' mean a device capable of any of the following: ... (II) through the use of land-based, sea-based, or space-based systems using radiation, electromagnetic, psychotronic, sonic, laser, or other energies directed at individual persons or targeted populations for the purpose of information war, mood management, or mind control of such persons or populations; http://www.fas.org/sgp/congress/2001/hr2977.html
@3 -- didn't think it was funny either. Still waiting for SNL to get on the Biden train, where just last week he asked a Senator in a wheelchair to "stand up so people can see you": http://www.youtube.com/watch?v=C2mzbuRgnI4 Or how about this statement from The Messiah himself: http://www.youtube.com/watch?v=5BnLozS-TnM No parody required, those are the real thing. Libs always envision themselves as smarter than everyone else; makes them easy marks in life, and politics.
Attempting to "prevent" foreclosures is asinine. These people won't be "out on the street" -- they'll be back in apartments, where they should have remained in the first place.
Where it began: http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260 The New York Times September 30, 1999 Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. ... In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
Where are the pics of 745 from this morning? Was going to save them for posterity, but the latest one that replaced them sucks.
Fury at $2.5bn bonus for Lehman's New York staff By David Prosser Monday, 22 September 2008 Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night. http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html
Bloomberg: Fuld sold shares that were worth $247 million a year and a half ago for less than $500,000 this week after he failed to find a buyer for his firm. The 62-year-old CEO sold 2.88 million Lehman shares in the last two days at a price of 16 cents to 30 cents, according to a regulatory filing today. He still holds 503,744 shares, the filing said. http://www.bloomberg.com/apps/news?pid=20601087&sid=amhAWGlw71UA&refer=home
MayDoes Offer Bridge Loan To AIG@86 - "Palin is a total empty headed looser." Such irony, loser.
@16 -- "Does no one else in this country realize the implications of what is happening?" That's sort of ironic. The country, and the Street, didn't realize the implications of toxic mortgages for the last 5+ years. It's utterly retarded that a decent house in a decent town commutable to NY City costs about $700,000. Houses like this Bulldozer Special should cost $150K, not $700K: http://www.realtor.com/realestate/summit+city-nj-07901-1102882426/
Anyone know how pensions are handled? BSC didn't have pensions, but LEH does (did). Those fall under Federal jurisdiction, and can't be sold off/wiped out?
@82, 86, 88: The Palin "interview" was heavily edited to make Palin look bad. The full transcript has been made available: http://www.pajamasmedia.com/instapundit/archives2/024281.php
Moron @9, The Palin "interview" was heavily edited to make Palin look bad. The full transcript has been made available: http://www.pajamasmedia.com/instapundit/archives2/024281.php
@14 - Fuld just killed this firm. * Didn't take dump his own toxic mortgage waste as BSC was imploding in March, nor afterward. * Didn't put together a deal to save this firm in recent weeks. Check the chart, they had plenty of time to get things under control: http://finance.yahoo.com/q/bc?s=LEH&t=1y&l=on&z=m&q=l&c= Either it was arrogance, or stupidity, but the net effect is the same.
$5 says that's actually Bess in the clip. Takers?
Al Gore fancies farm animals, and is a liar too: http://www.youtube.com/results?search_query=Great+Global+Warming+Swindle+Pt&search_type= There are 8 parts, enjoy.
Bess rolls out a top-notch nuclear rant, and some douche is worried about typos... And the other (same?) mook -- author of NY Mag piece: "Bess Levin, editor, DealBreaker.com"
Deal Values Bear Stearns At $2 Per Share
$2 a share. Next week will be a shitstorm.
Check this hysterical "Subprime Explainer": http://docs.google.com/TeamPresent?revision=_latest&fs=true&docID=ddv7hj34_03774hsc7&skipauth=true Comedy gold, gets better as it goes along.
Funny so many geniuses think "the war" started with Iraq. Clue: We were at war on Sept 10, 2001, we just didn't know it. Clue: We will be at war long after Iraq has a McDonalds on every street corner. Clue: Longing for the "security" of Sept 10th is folly.