December 30, 2007

We need more housing crash videos like this one.

37 comments:

Anonymous said...

Ben Bernanke said that subprime is contained and I believe him over a bunch of kooks on a blog.

Anonymous said...

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That video should run non-stop on TV till all the idiots hear it "and understand it"

I am a diehard Republican, but am seriously leaning towards having my entire family of voting age vote for Ron Paul this time.

Anonymous said...

I particularly liked the subtle "Elect Ron Paul" message at the end during the credits.

Ron Paul is as electable as Angelo Mozillo, Yun, or your local realtor.

Get OVER it. Good ideas and a bedrock honesty do not make a political candidate electable in the 21st Century in America. Ron Paul appears to be a decent man. He is not electable.

The electorate wants someone like Tony Soprano to be President because we are basically like Tony, uneducated, inarticulate, lazy dishonest and greedy. We all want something-for-nothing.

We revile a Bill Clinton (add sexual addict and predator to above qualifications) and hate a George Bush. Why?

Bush is weak, stupid and a wimp, just like his daddy.

America HATES a loser. "Bush" is the textbook definition of LOSER. When they ammend the dictionaries next, there should be a pcture of the entire Bush clan next to the word 'LOSER'.

Get ready to be repeatadly Raped, Joe Six-Pack. You have earned it.

A Special message to those of you drowning in debt:

Go F*ck yourselves.

Happy New Year (and camping outside).

Burp, Fart, Belch...

Anonymous said...

Problem with renting is you put your savings into a bank. The bank then lends it out to subprime and everything goes up. Put it into gold and get it out of the bank.

Veronica Lodge said...

RE: We need more housing crash videos like this one.

Is that Bart Simpson I see lurking in the right corner of that real estate bubble-bursting video?

That little bugger is probably getting ready to make a crank call to Moe's Tavern:

MOE: Hello, Moe's Tavern, Moe speaking.

BART: Uh, yes I'm looking for a friend of mine. Last name Hunt, first name Mike.

MOE: Hold on, I'll check. There's someone on the phone looking for Mike Hunt. Has anyone seen Mike Hunt? No? Sorry, I can't find Mike Hunt.

BART: Ha, ha, hee, hee!

Oh Bart, you're too much!

Well, anyway... I don't think they used that one on the show. But they should have.

V.L.

Mark in San Diego said...

ANON's observation -

"The electorate wants someone like Tony Soprano to be President because we are basically like Tony, uneducated, inarticulate, lazy dishonest and greedy. We all want something-for-nothing."

I think he hit the nail on the head here - jeeze - doing some soul searching, I am just a better educated upscale version of Tony - I have contempt for most of the public (HP'ers exempt of course), will support sleazy politicians who will lower my taxes and cut aid to the poor,
keep the street criminals in jail forever (then invest in private jails), and make a quick buck shorting banks and finance companies. . .Tony Soprano is the icon of the decade. . .some PhD at Berkeley will likely write a book on the topic. . .

Ron Paul? I wish I could believe, I really do, but I believed in every reformer from Gene McCarthy to Ross Perot. . .and who do we get?? George Bush.

Signed - Depressed in San Diego

shtove said...

Here's a strange one I thought was pretty funny:

http://tinyurl.com/3ysdzu

OBL gets in on the act.

joe montana said...

I have heard that retail sales this xmas were simply pathetic.I got a shitty book for xmas that I might as well toss in the dumpster.Maybe I will re-gift it to the inlaws next year.Those cheap asses never get me anything.They would rather feed their fat asses at the casino buffet.I think ron paul is our man.Lets shock the world.

Anonymous said...

peter schiff should be running for president.

Mark in San Diego said...

That Osama video was the best yet - my award for 2007!!

Thanks SHTOV for the link.

Anonymous said...

Problem with renting is you put your savings into a bank. The bank then lends it out to subprime and everything goes up. Put it into gold and get it out of the bank.


Who the hell puts their savings into a bank for 2% interest? I don't even put my money into CDs or money markets because they loan it out to SIVs and CDOs. I invest in foreign stocks and precious metals along with energy.

Anonymous said...

I got a Fry's gift card for Christmas. Is there a place where I can trade it in for something I want?

Edgar said...

Give bush & cheney to the izzies!

Princess Mononoke said...

Keith thanks for finding and posting this video!!!

These people created the most PERFECT, AMAZING video description of what is happening RIGHT NOW!

I loved loved loved it! :)

These sheeple are going to be in for a shocker next year! A RUDE awakening of sorts... I no longer have any pity for their ignorance and complacency! Let the chips fall where they may...

Anonymous said...

that was the video that opened my eyes. besides this blog

Anonymous said...

a video that stands the test of time

Princess Mononoke said...

CORRECTION:

I no longer have any pity for people who continue to 'CHOOSE' to be ignorant and complacent!

Anonymous said...

I like the part
"Sellers still in Denial"

I've got a message to Y'all:

Put your head in the dirt like a scared Ostritch that doesn't know what to do.

Hold on to your dreams, cause thats all you've got, cause thats all a distant memory!

Anonymous said...

Benarke reminds me of the consumate professor assh*le we all had in college.
He's got the white trimmed beard, balding head, and the smug condescending attitude that's a requirement for every assh*le trying to make tenure.

And just like college professors, his verbiage is all nonsensical rhetoric that is exactly the opposite of what the economic truth is in our country today.

Why is it that the most incompetant people in our society reach the highest levels of office? Is it true that everyone rises to their level of incompetance?

Anonymous said...

Keep thinking that our financial system will end. Losers. Get out of your basement and be an optimist. House prices will decline but our financial system won't collapse. The same as said for the stock market bubble of the 1990's and that was supposed to collapse and it didn't.

oldhomestooexpensive said...

Had to post this.. BREAKING NEWS IN New Jersey

Farewell Foxtons
A discount real estate brokerage calls it quits.


Wait It gets better..

I was a realtor with Foxtons since March 2006 and was very satisfied with the job until September 26, 2007. On this day Foxtons sent an email to every employee email address stating that they will no longer have a job starting on that day. We had to turn in everything that was given to us which was not a problem. The only problem that I have is not have a warning that this was going to happen so that we could have a plan B. I also have problem that this company is going to keep my checks to pay their debt. THEY STILL OWE ME MONEY! Which they claim they are not going to pay!

I do not appreciate this type of treatment from Foxtons. I busted my behind to get these deals only to get nothing? Oh No! Something has to give, and it will most definitely be Foxtons bankrupt or not!

Ex-employee
NEWARK, New Jersey
U.S.A.

Anonymous said...

From your Blog, exactly 2 years ago.

The housing bubble is in the early stages of implosion. We do not know for sure how long the adjustment will take or are we sure how deep it will be, but we do know it has to happen and that the risks to our economy and the world economy are enormous.

Sub-prime loans now make up over 50% of mortgages and with those come all sorts of exotic mortgages that borrowers do not understand and eventually won’t be able to service.

That means many millions of Americans will go broke and bankrupt over the next several years.


Your good.

Anonymous said...

Anarchy from the UK.

Russ DoGG said...

Nobody but Ron Paul seems to get it. Hillary with her moratorium or freeze plan was just pathetic.

Bush's plan was just a farce- but not as pathetic because Bush knew it was just a ploy to look like he was trying to do something.

The pain caused by these price declines will be significant. It's beginning to screw up the college financing of neighborhood kids who had nothing to do with creating this mess. I don't take pleasure in this.

Woof.

Anonymous said...

This coming year the first wave of 78 million baby boomers will be eligible for early retirement benefits. The coming crash in home and equity prices along with inflation in food and energy costs(aka stagflation) will create an interesting scenario. These people might be serving you fries and waving at you at the local WalMarts.

Anonymous said...

I dunno this whole thing is confusing... I guess I will just move to a new country.... I hear Europe is a nice country, or maybe Mississippi but I don't know where that country is.

Anonymous said...

"I got a Fry's gift card for Christmas.Is there a place where I can trade it in for something I want?"

Get a bunch of candies and snacks and other consumables. I got rid of my Target gift cards by buying diapers. Use them up before you forget. They say about 20%, 5-8 BILLION went unredeemed last year. Now you know why retailers really like them, just like mail-in rebates.

Anonymous said...

House prices will decline but our financial system won't collapse. The same as said for the stock market bubble of the 1990's and that was supposed to collapse and it didn't.


The banks didn't loans out trillions of dollars to deadbeats and buy trillions of dollars worth of worthless dotcom ponzi stocks in the 1990's. The ponzi scheme was kept afloat by bond insurers who insured trillions more than they could actually pay out. The dotcom crash wiped out J6P. The housing crash will wipe out J6P and the banks. All those trillions add up. The financial system will remain the same, but the same can't be said for many of the banks. They will be majority-owned by the Chinese, Russians, and Arabs by the time this is over.

Anonymous said...

When you think about the difference in headlines from a year ago on 12/31/06 and compare them with today's business headlines, it is clear the country has finally moved out of the denial stage. Last year everyone was well-trenched in denial. Now we have undeniably moved into the "FEAR" stage.

If you could put the chart of various stages of bubbledom up again that would be great.

It seemed like we were in the "Denial" stage forever and I'm sure all HP'ers are glad that is over.
Unfortunately we were in that stage so long that when the sheeple finally woke up, it was so late in the game that that we'll probably zoom right past "FEAR" and into "Desperation" at warp speed.

Here's to 2008! Put on your seatbelts.

Anonymous said...

The video is no longer available.

Anonymous said...

This is the best video ever, EXCEPT the last 30 seconds where Peter Schiff is babbling a bit...he is a great speaker and a more articulate clip could have been place there...

VirtualChris-OC

GT said...

why are these videos always gone when i want to see them?!?!?!

eternitus said...

That is GREAT!!!!

theloknesmonster said...

That video gave me a chub...

Anonymous said...

Anonymous said...
Keep thinking that our financial system will end. Losers. Get out of your basement and be an optimist. House prices will decline but our financial system won't collapse. The same as said for the stock market bubble of the 1990's and that was supposed to collapse and it didn't.

December 31, 2007 12:47 AM
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The tech bubble did not ruin teh fin sys bec They dumped the rates to record lows, thus spurring the housing bubble. There are no more bubbles, pal. Game over. There is no backup!

eric in vegas said...

"The tech bubble did not ruin teh fin sys bec They dumped the rates to record lows, thus spurring the housing bubble. There are no more bubbles, pal. Game over. There is no backup!"

People didn't borrow money from the banks to bet on the tech stocks. What happened in the housing boom is people borrowed hundreds of thousands from banks that they can't/won't pay back if they went underwater on the mortgage.

Chris said...

Hey Keith, Good to see your reading my blog.