December 30, 2007
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
About Me
HP blogs & websites
- AmericaPANIC
- Angry Bear
- Angry Renter
- Bank Implode-O-Meter
- Big Picture
- Blown Mortgage
- boom 2 bust
- Bubble Blog News
- Bubble Markets
- Bubble Meter
- BusinessWeek Hot Property
- Calculated Risk
- Case Shiller Graphs
- Charles Smith
- CNBC Realty Check
- Contrarian Chronicles
- Countrywide Foreclosures
- Deflationland
- Denninger Market Ticker
- Dirty Scottsdale
- Dollar collapse
- Dr. Housing Bubble
- Drudge Report
- Fed Up USA Protest
- Financial Sense
- firedoglake
- Flippers in Trouble
- Foreclosure Data
- Gawker
- Gold equals money blog
- Gold Prices
- High Probability kid
- homegain blog
- Housebubble blog
- Housing Blog Recap
- Housing Bubble Bust
- housing bubble hall of shame
- Housing Doom
- Housing Fear
- Housing Tracker
- Housing Watch Price Tracker
- Housing Wire
- I Can't Sell My House
- Infectious Greed
- Inventory Overload (realtor)
- Irvine housing blog
- itulip
- J-walk blog
- Kitco
- Kunstler
- LA Times Bubble Blog
- LA Westside Bubble
- Lasner on Real Estate (OC)
- Lawrence Yun Watch
- Long Island Bubble
- Marin Bubble
- Media - BusinessWeek
- Media - Financial Times
- Media - New York Times
- Media - News Hounds
- Media - Olbermann Blog
- Media - TV Newser
- Media - Wall Street Journal
- Media Matters
- millionaire mommy
- Mish's Global Economic
- ML Implode-o-Meter
- Moneyfiles Bubble Blog
- Mortgage Fraud Blog
- Mortgage Insider
- Mortgage Ledger
- mortgagefit portal
- My Two Cents Blog
- National Mortgage News
- News: Reddit
- Northern New Jersey Bubble Blog
- NYC bubble
- Paper Economy Blog
- Paranoid Ben's boring blog
- Patrick.net
- PeakOil - Life After the oil crash
- Phoenix Flippers in Trouble
- Piggington
- PIMCO Bill Gross
- Politics - C-Span Videos
- Politics - Dick Morris
- Politics - First Read
- Politics - FreeRepublic GOP Talking Points
- Politics - Huffington
- Politics - Kos
- Politics - Malkin
- Politics - National Journal
- Politics - Politico
- Politics - PoliticsTV.com
- Politics - realclearpolitics.com
- Politics - RedState GOP Talking Points
- Politics - The Note
- Politics - TPM Cafe
- Portland Oregon Bubble
- Prudent Investor
- Ramen Recipes for Realtors
- rancid truth
- Real Clear Politics
- Real Estate & Housing Outlook
- Real Estate Bloggers
- Real Estate Decline
- Redfin.com
- Republicans Are Assholes
- Sacramento Landing
- Scottsdale Sucks
- Seattle Housing Blog
- SlackerRevolution
- SoCal Bubble
- Soot & Ashes - New from HousingPANIC
- Speculative Bubble
- Stocks - Blogging Stocks
- Stocks - Bob Brinker
- Stocks - Cramer Mad Money Videos
- Stocks - DealBreaker
- Stocks - Denninger
- Stocks - Financial Times
- Stocks - Forex expert
- Stocks - I Bank Coin
- Stocks - Market Ticker
- Stocks - Money Week
- Stocks - Motley Fool Caps
- Stocks - Option Addict
- Stocks - Options Trader
- Stocks - Portfolio.com
- Stocks - RealClearMarkets
- Stocks - Seeking Alpha
- Stocks - TheStreet.com
- Stop the Mortgage Bailout
- the greenspan mess
- The Superficial
- Trulia
- Truth about mortgage blog
- UK House Bubble
- Video - Blip Radical TV
- Video - BrassCheckTV
- Video - Countdown
- Video - Fox Business
- Video - Movietone News
- Video - NBC News
- Video: Bloomberg Live
- Video: BNN Bubble News
- Video: C-span Junkie
- Video: CNN Live
- Video: Crooks and Liars
- Video: Daily Show
- Video: Housing Crash TV
- Video: Jim Cramer
- Video: MSNBC
- Video: PBS Frontline
- Video: Peter Schiff EuroPacific
- Video: Politics Videos
- Video: Presidential Debates
- Video: TPMTV
- Vigilant Investor
- Voice of San Diego
- What Bubble?
- Wiki US Bubble
- Zillow.com
- zz HP Mandatory Terms of Use
Blog Archive
- February 2022 (1)
- August 2018 (1)
- November 2016 (1)
- June 2013 (1)
- December 2010 (1)
- November 2008 (22)
- October 2008 (155)
- September 2008 (164)
- August 2008 (141)
- July 2008 (108)
- June 2008 (129)
- May 2008 (128)
- April 2008 (161)
- March 2008 (198)
- February 2008 (168)
- January 2008 (190)
- December 2007 (151)
- November 2007 (132)
- October 2007 (146)
- September 2007 (157)
- August 2007 (143)
- July 2007 (163)
- June 2007 (147)
- May 2007 (153)
- April 2007 (135)
- March 2007 (118)
- February 2007 (147)
- January 2007 (138)
- December 2006 (157)
- November 2006 (154)
- October 2006 (193)
- September 2006 (199)
- August 2006 (182)
- July 2006 (184)
- June 2006 (140)
- May 2006 (200)
- April 2006 (166)
- March 2006 (154)
- February 2006 (105)
- January 2006 (74)
- December 2005 (119)
- November 2005 (132)
37 comments:
Ben Bernanke said that subprime is contained and I believe him over a bunch of kooks on a blog.
.
.
.
.
.
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.
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...
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.
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.
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
Here's a strange one I thought was pretty funny:
http://tinyurl.com/3ysdzu
OBL gets in on the act.
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.
peter schiff should be running for president.
That Osama video was the best yet - my award for 2007!!
Thanks SHTOV for the link.
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.
I got a Fry's gift card for Christmas. Is there a place where I can trade it in for something I want?
Give bush & cheney to the izzies!
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...
that was the video that opened my eyes. besides this blog
a video that stands the test of time
CORRECTION:
I no longer have any pity for people who continue to 'CHOOSE' to be ignorant and complacent!
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!
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?
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.
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.
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.
Anarchy from the UK.
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.
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.
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.
"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.
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.
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.
The video is no longer available.
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
why are these videos always gone when i want to see them?!?!?!
That is GREAT!!!!
That video gave me a chub...
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
---------
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!
"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.
Hey Keith, Good to see your reading my blog.
Post a Comment