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78 comments:
tick toc tick toc
tick toc....
BOOOMMMMMMMM
Nothing is wrong, what are you worried about? Here are some of the jolly headlines for today that resulted in a 51 point jump in the DJIA:
Fed Predicts Slower Growth, More Jobless
Freddie Mac Loses $2B, Seeks New Capital
Single-Family Construction Falls
Oil Futures Jump on Dollar, Fed Forecast
Target 3Q Profit Slips, Misses Estimates
D.R. Horton Swings to 4Q Loss
Limited Brands 3Q Earnings Decline
Sector Snap: Homebuilders Drop
Office Depot 3Q Profit Falls 9 Pct
Fannie Mae down ANOTHER 25% today
Please tell me where all these families are moving too once they lose there homes?
http://tinyurl.com/3c3p6k
http://tinyurl.com/2r6tt8
What happens when the "off balance sheet" "Structured Investment Vehicle" that is Wall Street's dumping ground for hiding all the losses for the toxic sub-prime slime is "Under capitalized" to meet all their funding obligations triggered by downgrades?
The sup-prime slime goes back onto the books of the IBs and they have to report the losses.
I presume this is the bomb that you're hinting at Keith and not the other events of today.
real estate only goes up!!!!!
It's great time to buy!!!!
its gonna get worst before it gets better.
I think the dollar will get a big boost if the fed just doesn't cut rates.
Anonymous said...
Please tell me where all these families are moving too once they lose there homes?
November 20, 2007 11:06 PM
--
THE GHETTO!!!
Where rent is cheap and everybody is equal.
3:30 PM EST, 11/20/2007
Right on schedule, the PPT steps in once again to give the market an uptick. No crashes allowed until the bonuses are paid.
Prices are favorable!!!!
You reap what you sowed !
The chicken are coming home to roost in the land of the Americano. The land of the Leper, the Greedy, the Dishonest, the Enron, the Hoity-Toity, the Fat-Ass, the Obese, the Materialism-Craze, the Selfish, the Immoral, the Cheat, the Sell-Your-Mother-For-One-Dollar...
Unless the Americano creatures wake up and heed the warning sign, there is no hope for this Leper land !!!
How Perfect.
Not a single word needed for a caption, either....The pic says it all.
Yes, the FUSE has already been lit!
1) Financials will continue hemorrhaging. BB will do his best to save them. However, it's a lost cause. They're loosing blood faster than he can infuse them. There will be many more billions of dollars of losses claimed next two quarters.
2) Many financial institutions, hedge funds, insurance cos etc. downgraded to JUNK! More transparency please!
3) Many will file for bankruptcy protection... that will include Countryfried. Why would BofA acquire a company downgraded to JUNK with a penny stock value (projected). BofA will simply claim their investment in CW as a loss.
4) Our poor once mighty dollar will suffer throughout 2008. Other countries will do as we all suspect, pull out. They owe us anything. They can't stand GWB. There has been NO diplomatic effort on GWB's part in 7 years to warrant loyalty!
5) However, I predict that OUR U.S. dollar will rebound in 2009. When the NEW president removes (fires) BB from the Fed and replaces him with a solid economist that is committed to rebuilding this GREAT nation of ours and our currency! Mighty Mouse will come and save the day...
6) Unfortunately, we will have to continue suffering with the current INCOMPETANT, COMPLACENT & CORRUPT "Power's that Be" for another year! BUT, at least the END of this DARK tunnel is near...
I went to look at an REO listing this morning. Zillow says it's worth $480K, the bank foreclosed at $378K, and the RE agent has it listed for $339K. The place is a mess and I figure it will cost $40K to get it ready to rent.
The RE agent gives me all the usual bullsh_t about investment property, blah blah, and then says he's willing to kick back $5k of his $20K commission if I offer $329K. I looked at him and said the place will rent for $1k a month max, so I'd have to be crazy to offer more than $160K for it.
I saw fear in the man's eyes, then he regained his composure and sspewed more RE BS telling me the bank only wants serious offers. I wished him luck and left.
Dear Mr. Andrew Hac:
I hope you understand clearly that ASIA is heading in exactly the same direction you keep accusing US of! (the Americano as you call us).
I give your wonderful ASIA another 5 years. What's worse for you is the population growth and lack of space! Asia is now enjoying McD's, KFried, etc. Making $$$, buying cars, nice clothes, hiring models as stewardess'.
What do you think will happen if the U.S., under new leadership pulls the PLUG on importing your goods? Who do you think buys all of your crap (as you put it)? The U.S. will enforce higher manufacturing standards for Asia. Good bye to your profit making slave labor camps! and your prospering economy!
Just give it time, wait and see pretty boy! YES, Karma is a beautiful thing :)
Princess, you need some fresh air sweetie.
Bounty Program?
"San Francisco will begin issuing municipal identification cards to illegal immigrants next year, becoming the second city in the country to create such a program in the wake of stalled immigration reform efforts in Washington."
"This will recognize contributions of people who are part of the community," said Supervisor Tom Ammiano, who began developing the program this summer after Congress' inability to overhaul immigration.
The End of America in near if this is allowed to stand. Weigh in. DO something NOW.
Sick and Dying USA
Oops... Correction on point #4. I meant to write:
They (other countries) don't owe us anything!
Where is Paul Volker! He is the only one in the land who can diffuse this bomb. Throw these stupid clowns out of the Fed and lets have a Central banker with coyones. Do it now before the fuse goes out!
The DJIA climbs almost 200 points in the last 40 minutes of trading. Clearly there wasn't going to be another down day in the world known as "Market Manipulation"
Princess Mononoke said...
5) However, I predict that OUR U.S. dollar will rebound in 2009. When the NEW president removes (fires) BB from the Fed and replaces him with a solid economist that is committed to rebuilding this GREAT nation of ours and our currency! Mighty Mouse will come and save the day...
I agree with all of your predictions with the exception of this one. Hillary (our next President) will turn to Bernanke to help us through the dollar crisis. As usual they will seek advice from the people that caused the problem. I just can't help but feel that this is just part of the central banker's grand plan. The only way number 5 comes true is if Ron Paul wins. I suspect he will be assassinated shortly after winning. Hell, they might kill him if he gets the nod from the GOP. It's like that guy said in the X-files movie: "these people don't make mistakes".
LOL!!! Thanks Anon, I think you're right. That's what happens when all we have is TOXIC air to breath ;)
From the Marketicker-thanks Pcapete and Sushihorn
ACA Capital’s $1 billion Lancer Funding II is the first CDO Squared to have an event of default.
The CDOs typcially held mezzanine tranches of MBS - think BBB and A charts on the ABX that have been linked here several times. THAT is what much of those portfolios consist of. If you take those tranches, the whole thing can't be worth more than 40 cents on the dollar - meaning EVERYTHING below AAA tranche within the CDO is worth zero. If you repeat the process in a CDO-squared, most of the mezzanine CDO tranches it holds already have an effective value of zero - so not even the AAA will be worth much.
hmmm... you people are PATHETIC!
yes there is ALOT wrong right now but for crying out loud most posters on this site are a JOKE they lump ALL Americans into this horrible generalization of "greedy, obese, morally corrupt degenerates" and i hate to break it to you fools but it just aint so (maybe 1-2 percent of the population but 300 million ppl?)- no more than pathetic Franks generalizations about everybody that lives in scottsdale- its exactly the same as saying all asians look the alike, or all african americans are intellectually inferior to whites- its ABSURD! grow up!
that reminds me of ...
v for vendetta
princess mononoke has several good points, including:
1) China is way more screwed than the U.S., and we are screw hoo hooed.
However, I disagree about the light at the end of the tunnel being in sight after GWB and his cronies clear out. Whoever comes next will be much, much, worse. The process is pwned.
The GOP wackos REMAIN on the loose and out of control (while the democrats and MSM turn their heads - which by the way, is also a federal crime.)
TERROR ALERT LEVEL 5 (RED)
11/20/07
NOTE: It is now advised to stay off the streets and duct tape your windows and door seals tight in case Osama launches a long range rock throwing attack on the USA from his 1972 walkie-talkie command center, in a cave some 8,492 miles away. Bush, cheney and the rest of the republicans are trembling in fear!!
Hey, I thought the USA has the greatest military power in the world? Why are the republicans acting like a bunch of mamma's boys?
Bwaaaaaaaaaa!!!!!
* * * * * *
They're not making any more land!
Everybody wants to live in California!
Yep. This is a slowing moving train wreck.
Bond insurers are about to go off the rails soon as the payment shortfalls pile up and the first CDO squared default happened today. More downgrades and the wreckage keeps piling up.
Why do 90% of people spell lose loose?
Ron Paul Money Bomb!!!
Americano - ain't it the truth! SF has voted to give illegal aliens municipal id cards today. At first I was outraged, now upon reflection, quite a good thing. we will be able to round-them-up like animals for prosecution and deportation when we are done exploiting them. So, Americano it is. Thanks again HP for allowing another perspective of our Sick and Dying turd world nation.
Impeach Bush-Cheney. Its' not too late.
Anon said:"Please tell me where all these families are moving too once they lose there homes?"
------
Right. There's plenty of boarded up homes in Sacramento just waiting for the right squater.
Had to go down to the Hayward, CA chevrolet Dealer this evening to pick up a new company car.
Talked to one of the salemen for a few minutes...
Asked how sales were, and at first he said oh, they go up and down...then he elaborated that sales were down, and he was concerned about the future.
He said "no one is buying any cars" and I replied the reason way because everyone couldnt borrow from their homes any longer and he agreed.
It's going to just keep getting worse and worse for the dealerships...even Toyota and Honda arent selling as many cars-sales are way down from last year.
Please tell me where all these families are moving too once they lose there homes?
They become squatters in empty McMansions and start stripping the metal pipes and sidings to sell.
Princess M said:"Many will file for bankruptcy protection... that will include Countryfried. Why would BofA acquire a company downgraded to JUNK with a penny stock value (projected). BofA will simply claim their investment in CW as a loss."
Because BofA has only clowns running the show who think Countryfried is an excellent buy!
Where is Paul Volker! He is the only one in the land who can diffuse this bomb. Throw these stupid clowns out of the Fed and lets have a Central banker with coyones. Do it now before the fuse goes out!
Agree! The problem is, we won't get a Volker, because the Hedge funds, Mutual Funds & bankers don't want someone with (excuse the pun) balls to spoil the party.
Anon said:"The DJIA climbs almost 200 points in the last 40 minutes of trading. Clearly there wasn't going to be another down day in the world known as "Market Manipulation"
Yes, the PPT came to rescue yet again. When are they going to stop interfering with natural direction of the market?
Our role in this massive redistribuion of wealth is that of a consumer. The shock and awe will be massive as reality sinks in, especially for Americans who will no longer be able to hold up their end of the bargain with reality. Martial law will ensue, but too many Americans have guns. Problem there...
Keith, your blog has been my salvation. Joe sixpack barely understands things like currency devaluation, the IMF, petrodollars, history of the Federal Reserve, peak oil,common decency, Milton Friedman, Pakistan, Turkmenistan, phony war on terror,the Bush family tree, Pinochet, Nigeria, opium production and US involvement, Reaganomics, Franklin Roosevelt,and Fannie and Freddie to name a few. Good night and good luck.
For real!
* * 11/20/07 * * TODAY!
Scott McClellan TELLS ALL!!
THE BUSH-HITLER II BOMB! (#1,407)
Book Title:
What's Wrong With Washington.
Scott McClellan's new memoir, "What Happened: Inside the Bush White House and What's Wrong With Washington" is scheduled for release in April 2008 by New York-based Public Affairs Books.
McClellan, who followed Bush from Texas to the White House, was press secretary from July 2003 to April 2006.
"I stood at the White House briefing room podium for the better part of two weeks and publicly exonerated two of the senior most aides in the White House: Karl Rove and Scooter Libby,'' McClellan, 39, wrote. ``There was one problem. It was not true.''
McClellan wrote that he "unknowingly passed along false information. And five of the highest-ranking officials in the administration were involved in my doing so: Rove, Libby, the vice president, the president's chief of staff, and the president himself."
Here is the article:
http://tinyurl.com/yr2z5g
*********************
If our elected officials in DC do not impeach these clowns IN DECEMBER OF 2007, in duty to protect the people of the United States of America, there is something VERY, VERY, VERY, VERY WRONG, BAD, CHILLING AND SMELLY WITH OUR ELECTED US OFFICIALS (AND NON-ELECTED OFFICIALS) IN DC!
(both republicans and democrats!)
THIS IS BS, BS, BS, BS!!
We dont need another god-damn investigation either. We have been investigating your actions ourselves and have the documents to proove your low-life guilt, lies and cover-ups.
We demand clean-up accountability NOW! VOTE to impeach bush and cheney, nothing more, nothing less. You dont even need a reason, or just PICK ONE, all you need is a pulse and a majority vote. Done deal.
We'll be watching the 2007 impeachment process on CNN and Fox news.
Thank you.
K.M.Davis II -
Please tell me where all these families are moving too once they lose there homes?
--------
I asked the same thing m8 when this all started to come to light months ago....where are all these people going??
You reap what you sowed !
The chicken are coming home to roost in the land of the Americano. The land of the Leper, the Greedy, the Dishonest, the Enron, the Hoity-Toity, the Fat-Ass, the Obese, the Materialism-Craze, the Selfish, the Immoral, the Cheat, the Sell-Your-Mother-For-One-Dollar...
Unless the Americano creatures wake up and heed the warning sign, there is no hope for this Leper land !!!
----------
Andrew...please tell us how you really feel?,,Oh and by the way the land is fine...its scum like you that makes the air have that shit smell.
Don't blame only the Americans for being greedy. There are many European scum, too:
After 2.5 years, Midtown 3 is still an empty lot
Matthew Sarelson’s client gave a $125,000 deposit at Midtown 3 in May 2005, but there’s still no start date.
French investment banker Christophe Beguinot had heard through the grapevine about Miami's amazing condo market. So, in May 2005, the London resident decided to invest in Midtown Miami, despite never having been to the city.
He purchased a condo in the planned Midtown 3 building for $625,000, putting down a $125,000 deposit.
Two and a half years later, Midtown 3 is a field being used as a parking lot for laborers. Beguinot's repeated requests for a refund have been unfulfilled and the investor has filed suit.
It's the latest chapter in the ongoing saga of Midtown Miami, a 4 million-square-foot mixed-use project widely respected for its innovation, design and retail components, but fraught with delays - and now lawsuits.
Of the eight proposed residential buildings, only Midtown 2 has been completed.
In a market where speculators are doing whatever they can to get out of contracts, Midtown's delays have proven a ripe ground for breach of contract suits. To date, 46 suits have been filed against Midtown Miami in state court, and four more have been filed in federal court.
http://tinyurl.com/2fqj6y
Zillow is showing a 3% increase in the huge deflated bubble I live in. Whatta a unreliable POS site!
"It's not going to spread to the rest of the economy. It's contained!"
Signed three months ago by:
Bernanke
Paulson
Kudlow
Maria Bartiromo
Cramer
Bush
Wall Street
Orangillo
CNBC
Faux News
Cavuto
Faux and Friends
DOPES
etc, etc, etc...
Nation (I said it like Colbert), you got all wrong. That picture represents the Alt-A bomb coming up. Subprime meltdown ain't got sh!t on Alt-A.
Put your legs up, recline, and watch the real mess coming up.
We need to destroy the rich so everyone will be equally poor and depressed. The United Socialist States of Amerika.
Quote:
.....
Dear Mr. Andrew Hac:
I hope you understand clearly that ASIA is heading in exactly the same direction you keep accusing US of! (the Americano as you call us).
.....
Hurt, doesn't it ? Senorita Britney Mononoke !!!
Haaaaa, haaaaa, haaaaa...
Please tell me where all these families are moving too once they lose there homes?
November 20, 2007 11:06 PM
That's a no brainer......
Back to Mexico!
depresso said...
>>China will crash hard!
http://www.chinadaily.com.cn/china/2007-01/26/content_794156.htm
November 20, 2007 10:12 PM
Thanks Depresso for posting this article in another thread!
This is exactly what I'm talking about Andrew Hac. You hate us American's soooo much, yet Asia (your people) ADMIRE's us sooo much and is following in our foot steps exactly and at an accelerated pace!
I don't wish Asia or any other country our FATE in the least. As a matter of fact, I have many Asian friends with family members living abroad.
I just want YOU to understand the IRONY of your comments!
BUT, at least the END of this DARK tunnel is near...
Princess M
That light you see is a freight train.... and were not near the end, we've not even gone half way!
Andrew Hac, just STFU and keep preparing our order of flied lice and dumplings back there in the kitchen, along with your most precious possession, the Wok.
BTW, nice call center name you have picked, "Andrew".
I want to own a million Chinese pawn shops.
Please tell me where all these families are moving too once they lose there homes?
----------------------------------
Into my apartment complexes. Oh, wait, I haven't had any vacancies (other than occasional turn-over) for 18 months. Time to raise rents (again) and to upgrade the rent rolls.
Annon Said:
Anonymous said...
hmmm... you people are PATHETIC!
yes there is ALOT wrong right now but for crying out loud most posters on this site are a JOKE they lump ALL Americans into this horrible generalization of "greedy, obese, morally corrupt degenerates" and i hate to break it to you fools but it just aint so (maybe 1-2 percent of the population but 300 million ppl?)- no more than pathetic Franks generalizations about everybody that lives in scottsdale- its exactly the same as saying all asians look the alike, or all african americans are intellectually inferior to whites- its ABSURD! grow up!
Sorry that there is no way at this time to account for every feature of every human. Thats why we use statistics and the social sciences/demogrpahy to get average vules. The average american is fatter than the average eurpoean, the average african american has iq 15% lower than the average asian and the average american has more debt than the average frenchman. Its the aggregate figures that count when examining or understanding the policy of a large nation. Is there a black PhD in Physics with an IQ of 145--sure but he is one in a million. Is there an american who is fit and saves money--sure but increasingly rare. You are not pathetic, you are just stupid and a simpleton that does not understand how human and social knowldege works....You must be a U.S. highschool graduate.....
Anonymous said...
>>That light you see is a freight train.... and were not near the end, we've not even gone half way!
November 21, 2007 5:11 AM
LOL! Yes Yes I agree... Nevertheless, WE are going THROUGH. There is an END to this nightmare! Please you have to agree WE are NOT in this for ETERNITY.
Anonymous said...
November 21, 2007 6:04 AM
Thank you soooo much for cracking me UP! ;)
Anonymous said...
>>I want to own a million Chinese pawn shops.
November 21, 2007 7:07 AM
Totally! These pawn shops are the equivalent to our SUBPRIME loans, I mean slime.
What's worse is that these people are "pawning"/leveraging their homes to buy STOCKS?!?!?! Absurd.
Wowee! I'm watching CNBC worldwide exchange right now. All international markets are down... DAX, Nikkei, Hang Seng, etc. mostly due to financials! YIKES!
Is this an indicator of what it will be like over here later today? Stay tuned!
yes there is ALOT wrong right now but for crying out loud most posters on this site are a JOKE they lump ALL Americans into this horrible generalization of "greedy, obese, morally corrupt degenerates" and i hate to break it to you fools but it just aint so (maybe 1-2 percent of the population but 300 million ppl?)
Let's see, according to the Health Department more than 60% of the American population is obese. According to the Census Bureau, more than 25% of the American population is Mexican. Also, 40% of the American population don't have/can't afford health insurance, while 18% of the population live below poverty levels.
One more thing, gas is up 10% this year, and your Thanksgiving dinner total cost is up 18% from a year ago.
Wake up, sheeple, and turn off Faux channel, because the GOP is peeing on your back while telling that's raining. Get out of your bubble and take a good look around you...this country is a huge mess.
Once again someone informs us that if we attack the rich we will all be equally poor and depressed under Socialism.
Forget the Socialism. But dear rich: I am tired of being your buffer between the barbarians and you. I've been taking their abuse since the 60's and now they are past us and working their way to your door.Too bad! When they are done it will look like Tara in Gone with the Wind after General Sherman marched through.
Keith, just by posting that picture makes you a terrorist in the US. Don't ever think your going to get a passport now.
PS as a bonus we tazer people too
Wow, we appear to be in dollar free fall stage. Yen hit a 108 handle overnight which means the unwinding of the carry trade is in full force. The state of the Yen carry trade is the bellwether of global stock markets. We could now, finally, be in the stock market crash phase we have all been expecting.
>> Where is Paul Volker! He is the only one in the land who can diffuse this bomb. Throw these stupid clowns out of the Fed and lets have a Central banker with coyones. Do it now before the fuse goes out!
Gee, here's a better idea: no more central banking - ever again. Each bank is a completely independent business that actually has to compete to survive. Each bank will have to service their own loans, which means the end of fractional reserve banking.
Peter said...
Our role in this massive redistribuion of wealth is that of a consumer. The shock and awe will be massive as reality sinks in, especially for Americans who will no longer be able to hold up their end of the bargain with reality. Martial law will ensue, but too many Americans have guns. Problem there...
Keith, your blog has been my salvation. Joe sixpack barely understands things like currency devaluation, the IMF, petrodollars, history of the Federal Reserve, peak oil,common decency, Milton Friedman, Pakistan, Turkmenistan, phony war on terror,the Bush family tree, Pinochet, Nigeria, opium production and US involvement, Reaganomics, Franklin Roosevelt,and Fannie and Freddie to name a few. Good night and good luck.
November 21, 2007 2:56 AM<<<<<
good night and good luck????
is that it???
man you sound positive....
Anonymous said...
>> Where is Paul Volker! He is the only one in the land who can diffuse this bomb. Throw these stupid clowns out of the Fed and lets have a Central banker with coyones. Do it now before the fuse goes out!
Gee, here's a better idea: no more central banking - ever again. Each bank is a completely independent business that actually has to compete to survive. Each bank will have to service their own loans, which means the end of fractional reserve banking.
November 21, 2007 2:35 PM<<<
you are right. let us listen to a voice from the past as he speaks to us from the grave.....
josiah stamp, director , bank of england 1928 - 1941....
"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits."
and so it goes.
Anonymous said...
Please tell me where all these families are moving too once they lose there homes?
They can move into the apartments vacated by the people who buy the forclosed homes for a fraction of the bubble price.
In reality, apartment construction is booming, trailer park business is booming and a lot of kids are moving back in with their parents.
People with screaming kids running everywhere and shopping carts so full that crap was falling out on the floor for some of these folks.
This is what's called the last ditch effort to max-out credit cards. Debtors havent researched the new BK laws. They think nothing has changed...
I am so ashamed of my country.
November 21, 2007 4:08 PM<<<<
you are not alone. the founding fathers would share that sentiment as well.
We are like drooling, snarling swine. Not a single one of these hogs has a freakin clue what is coming their way and they don't care. They are like alcoholics with their shopping carts. Take it home, unload and back for more crap.<<<<
yes and where do you think these people are going and what are they going to do when the shtf? they are coming for you and they are coming for your stuff...
prepare for this. it is coming.
ApleAnee,
You are spot on. Please check out Doug Casey's "without borders". Recent issue has nice article on Uraguay. SAm is looking better and better every day. Educated (phd) folk I know are running, not walking.
-Matt C
Quote:
borkafatty said...
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Andrew...please tell us how you really feel?,,Oh and by the way the land is fine...its scum like you that makes the air have that shit smell.
-----
So BorkAFatty, you do not think the Americano is having these problems, or should I say characteristics below:
"""""
The chicken are coming home to roost in the land of the Americano. The land of the Leper, the Greedy, the Dishonest, the Enron, the Hoity-Toity, the Fat-Ass, the Obese, the Materialism-Craze, the Selfish, the Immoral, the Cheat, the Sell-Your-Mother-For-One-Dollar...
""""""
Then explain to me the Housing Bubble that is imploding right now in the land of the Americano, the SUV Escalade that drinks maybe 15 miles/gallon for one driver (not multiple passengers), the 3,500 square feet home for a family of 4, the Buy-The-Enron-Stock-Till-You-Drop. And while you are at it, do you find any WMD in Iraq ? Or is it you r answer will be: "God Darn it, the Iraqui have WMD, that is God' truth. But they destroyed the evidence before the liberating American army can catch them red-handed." ?
When will you face the truth, BorkAFatty, that this nation, the Americano, is going down the toilet, and soon enought, if the Americano people don't wake up and correct themselves morally, socially, economically ?
I will leave you and your hoity-toity, self-righteous, diabetic Americano buddies sometime to think for an honest, hurt-to-the-gut answer.
Apleanee 11/21 @ 4:08 PM, that was one of the best posts here in a long time. Right on!
You expressed my sentiments of what I also observe when out shopping - not just at Wal-Mart, but everywhere else as well.
And what really sharpens this impression of the American masses, is after returning from an overseas trip and viewing America from a more clear perspective.
-Mammoth
This is what's called the last ditch effort to max-out credit cards. Debtors havent researched the new BK laws. They think nothing has changed...
November 21, 2007 4:53 PM<<<
you really don't have to declare bankruptcy over credit card debt. cc debt is unsecured. now they will try and make it secured by getting a judgement agains't you, but this is where you have to stand up and ask the simple question: where is the contract, or better yet, like some people in ohio told some bank idiots who were trying to foreclose on them, ......where are the papers???? they never have a case. never. and almost all the fake ass judgements they get happen when people remain silent while they should defend themselves....in law, silence can be construed as no defense...
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