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.
sounds like depression era music.oh crap!
Cool cartoon. Unrelated but interesting: any thoughts on the lifespan of the DX parabolic moonshot?
I heard angello mozillo is hiding from the law in europe.Bank of america is trying to find him to figure out what to do with all the interest only loans he screwed people on.I saw casey at burger king in roseville yesterday saying, want to go big?
Get your assets out of Europe while you can.I have traded my BMW for a Toyota (wow, like going from a tin can to a real car) and can tell you for certain that since the EU came about, products made in Europe have gone to overpriced crap.They have been exposed as profesional liers. like an entire population of Bush-its
Like "Gone With The Wind," there's nothing like an old classic. I met a nice young couple down at Home depot last night who are signing this Friday. They didn't do to bad, FHA, 30yr fixed, 20% down, and 6.35%. Even so, as we talked I thought "God, I wish that I had got to you guys sooner!" Their new (built in the 1890’s) stick box, in a small town near where I live, was the only starter (Yes, they used the word starter!) place that they could find fit to live in, on their salaries. They said the they got the place for $40,000 below appraisal (didn't say who appraised it.) Both are newbies in the local school system, so they have got starting (but good) paychecks, and great benefits, and guaranteed jobs with no layoffs. I didn't want to rain on their parade and tell them that in a year they could probably have gotten the place for $80,000 below "appraised" value, since they seem to be mostly on the right track in regards to their financing, just young, naive, and uninformed as to the true state of the housing market. The way they talked, I sensed a lot of "pent up demand." I wished them well, they seemed so happy and upbeat. Perhaps the next generation has some hope after all?
Got a kick out of this: http://rammygram.com/index.php/2008/10/22/halloween-is-gonna-suck-this-year/
anyone read this?http://tinyurl.com/ytn8ru
"Stuck in So Pa said... Like "Gone With The Wind," there's nothing like an old classic.I wished them well, they seemed so happy and upbeat. Perhaps the next generation has some hope after all?October 22, 2008 5:01 PM"There is No Hope for Them...I predict 1 child within 2 years, 2new leased cars, granite and stainless steel psychosis, a second mortgage/HELOZ at exhorbidant rate, then an affair or illness or kid comes out retarded and only future for it is politics and then a job loss leading to divorce, anger, drinking, drugs and suicide. Maybe even some charges of sex with their students...The new American Dream.This couple is doomed and doesn't even know it yet.
Thanks, great video. I watched it a few times. For everyone that enjoyed this, Jim Randel's book The Skinny on the Housing Crisis is also a simple entertaining way to undertand this complex subject.Again, good work!
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