tag:blogger.com,1999:blog-18675105.post7792629260854568869..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Bernanke tells the imploding mortgage bankers and homebuilders to not let the door hit them on the way outbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger85125tag:blogger.com,1999:blog-18675105.post-61478775473891209482007-08-09T21:51:00.000+01:002007-08-09T21:51:00.000+01:00Your ethnocentric view of the world and imaginatio...Your ethnocentric view of the world and imagination concerning some purported Chinese conspiracy to take over the world is amusing. Paranoid people were saying the same thing about Japan during the 1980's.<BR/><BR/>Have you ever been to China? If you did, I think you would have a better view of our supposed adversary. The reality is that China is a vast but mostly a rural country with dozens of minority groups. The Communist Party, while it rules, lacks substantive control. China is not even "communist," something I can't say about New York or California. The Communist Party has its hands full keeping 1.3 billion people fed and working much less dictating their every move in some conspiracy to take over the world.<BR/><BR/>The rise of China is inevitable but it should not be cause for alarm. They will join other Asian neighbors like Japan, South Korea, Taiwan and Singapore as they modernize. Like these other countries, China will have to pay its dues by being the low cost provider. As with the other Asian, European and Latin American countries, America will stay ahead of the curve because it must. If America cannot rise to the challenge, it deserves to suffer the consequences.<BR/><BR/>Everybody bashes China and free trade. Frankly, other countries, including China, could AND should have our low-end manufacturing jobs. Who the hell wants to pay $89 for a toaster made by some unionized worker making $40+ an hour?<BR/><BR/>Comments like this are simply beyond ignorant. It's hard to even fathom the idiocy that springs from a statement like this<BR/><BR/>This is the same kind of person that doesnt' for one second sit down and do a quick penciling of the numbers to arrive at the truth. Exactly like all the FB's out there about to eat what's in the gutter for lunch, not thinking to examine the loan document of the reality of boom-bust economic history.<BR/><BR/>ANYONE that has ever studied military and economic tactics is well aware of the enormous power of *attrition*. It's the cornerstone from which your opponent draws upon all his power over you. Attrition is constructed and employed in a vast array of means.<BR/><BR/>In Iraq, the insurgents and Iran can spawn enough fighters to grind the U.S. down for dozens of years. They have ample experience at doing for CENTURIES. In fact, much longer the the U.S. has even been in existence.<BR/><BR/>The same applies to China, an ancient culture, 1000's of years of fighting and scheming and winning, bred virtually into the foundation long before anyone even dreamed of writing the Bill of Right or Constitution.<BR/><BR/>A land with 1.3 BILLION persons. A land with the equivalent of the entire U.S. population on the move, with no permanent home, any given day, in search for enough subsistence to survive.<BR/><BR/>A land with the capacity to produce, in quantity and quality virtually EVERY product or service consumed by EVERY person on the face of the earth, with expanding markets, that the U.S. has no relation with.<BR/><BR/>But more importantly, a place where labor is frequently conscripted, unpaid and in fact slave driven. Where 100's OF MILLIONS are under a command directed COMMUNIST GOVERNMENT. A government that has put together a unprecedented form of hybrid capitalism of which the world has never before witnessed.<BR/><BR/>This is a place that in the none- to-distant past lived thru and experienced one of the most destructive famines and crop failures ever known to man, from which the political environment created forced collectivization upon the citizens, 100's of millions at a time!<BR/><BR/>The degree and depth of which China can go to 'grind down' the U.S. is far beyond the wildest machinations of anyone living in the United States. There is simply no frame of reference in our entire history and human experience that can guage where we would have to go to win a battle of attrition with China. The numbers are profoundly imbalanced even without and before considering how much control over our national debt they have.<BR/><BR/>So, for you, Mr. Brilliant, unless your are willing to produce U.S. products in a prison environment, entirely for NOTHING as your prevailing wage, and then do it for 100 hours per week while living out of a cell with 10 other 'roommates' in close promimity, 7 days week, you'd better think again how smart it is to turn over even our 'low end' wage jobs. There is virtually no depth so low that we can reach to in order to find an equalibrium in the debt environment we have backed ourselves into.<BR/><BR/>So called 'free trade' has handed over, on a 'silver platter' to the Chinese our entire economic security. To remain on the same track means we have entered into a 1000 year war of economic attrition we cannot win. They know this explicity and if you read the writings of both military and political figures in China, they clearly state their INTENTION to win this contest against us.<BR/><BR/>THEY MAKE NO SECRET OF THE PLAN. It is we who are too in denial to believe it.<BR/><BR/>They have our money, but much more critically to the point, they have time and patience on their side and a population and culture that doesn't scream me me me about everything. In fact, to be unique and contra to the governments direction can get you a prison sentence or death. A population that is marching (literally) to the same drummer in unison.<BR/><BR/>Our is a country of a collective attention deficit disorder, blinded by the facts and without the patience and appetite for the depth we will need to go to win a war of attrition with China.<BR/><BR/>The future will be very different than we have either planned or imagined.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25878520912434950852007-08-09T18:19:00.000+01:002007-08-09T18:19:00.000+01:00Chimperor says, "NO BAILOUT", sorry trolls, you lo...Chimperor says, "NO BAILOUT", sorry trolls, you lose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62096220611539753052007-08-09T10:06:00.000+01:002007-08-09T10:06:00.000+01:00rumours on "liquidating huge market neutral stock ...rumours on "liquidating huge market neutral stock portfolio"<BR/><BR/>I watched CNBC yesterday and the commentators referred to the Quant Funds that dealt in securities. Stated that there was some movement or technicalities (?) in those funds...unfortunately, could not remember exactly what they said. As of right now, European stocks down by 1% due to some hedge funds, one with triple A ratings, being frozen. Heard just now on CNBC, quant funds are being hit very hard right now (as of 0200 Pacific time}..."volatility extremely high."lili98https://www.blogger.com/profile/13846652033219292560noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5245619432319174032007-08-09T05:22:00.000+01:002007-08-09T05:22:00.000+01:00Also consider how many people were doing business ...Also consider how many people were doing business with AHM that had their funding pulled out from under them at the last minute.<BR/><BR/>Sequoia512Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46386539421801637462007-08-09T03:59:00.000+01:002007-08-09T03:59:00.000+01:00Hey dumb shits, without China, how do ya s'pose we...Hey dumb shits, without China, how do ya s'pose we financed the Iraq war through the back door. How do you think we kept our economy artificially afloat the last five or six years? Now, I would appreciate if you all would stop your silly ranting and stick to the subject of China, and quit calling each other names, morons! Excuse me, I mean "anonymous" morons! Especially you, you gutless wonder calling us HPer's as subhuman. HPer's actually have a conscience which is why we care about this whole damn mess that the Bush administration has drug us into. Oops, but again, keep the message on China.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82207911497389591262007-08-09T03:47:00.000+01:002007-08-09T03:47:00.000+01:00"So you have 500K people and $1B to give out. Leav...<B>"So you have 500K people and $1B to give out. Leaves $2000 per person."</B><BR/><BR/>The money is really for the banks, and it will be a lot more than $1B. I remember when the S&L crisis bailouts were first discussed and the politicians were talking $5B-$10B tops. Congress looked closer and the numbers went up to $50B. When the dust settled and the RTC was finished, it ended up costing $160B. <BR/><BR/>So bend over pal, this time around the cost will be $1T-$2T, or about $100K per taxpayer. Nobody has that kind of money, so the Fed will just print it. Can you say inflation? I knew you could.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90060919112908528312007-08-09T03:46:00.000+01:002007-08-09T03:46:00.000+01:00Over 55% of Americans believe FB's should be helpe...Over 55% of Americans believe FB's should be helped until they find out how much it will cost taxpayers. By that time it won't matter. I will take my money and leave this country to the idiots who already run it. Anyone else who is smart and educated would do the same thing. Everyone knows how this game is going to end.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90070600276551009862007-08-09T03:39:00.000+01:002007-08-09T03:39:00.000+01:00There is a term for the "China Syndrom": strong r...There is a term for the "China Syndrom": strong reciprocity, which is defined as the predisposition to cooperate with others, and to punish (even at personal cost if necessary) those who violate the norms of cooperation, even when it is impluasible to expect those cost will be recovered at a later date. In other words, do unto others as you would have them do unto you - but if other don't do unto you, then nail them, even at personal cost to yourself.<BR/><BR/>Ask yourself this, who has more to lose, the average Chinese or the average American?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89619093165879550192007-08-09T03:15:00.000+01:002007-08-09T03:15:00.000+01:00@ANON 11:20 PMI can't totally dismiss your logic r...@ANON 11:20 PM<BR/><BR/>I can't totally dismiss your logic regarding elections. However...<BR/><BR/><I>If the ARM is a $500 reset, that $2K is 4 months worth of help.</I><BR/><BR/>Aren't you assuming that these people are on solid ground right now with interest only, and will continue to be solvent on that basis? Is this a fair assumption considering the economy is already slowing down? Who knows if they would be OK even if they did NOT have a reset?Agent #777https://www.blogger.com/profile/02677055210515521498noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24284410094262597082007-08-09T02:46:00.000+01:002007-08-09T02:46:00.000+01:00Anonymous said... This is pretty bright of her. Th...Anonymous said... <BR/>This is pretty bright of her. The tards that want to hear this stuff don't know that 1 billion dollars won't do jack, but she still gets credit for "feeling their pain". I hate her, but she has a good chance on pulling this off.<BR/><BR/>$1B is a lot of money. People talk about 2 million people being in foreclosure trouble. Truth of the matter is of those millions, probably 1/2 are flippers/investors. That leaves a million. Of that million, say 50% are truly in danger of foreclosure as opposed to just in bad shape but can make it by cutting out eating out and vacations.<BR/><BR/>So you have 500K people and $1B to give out. Leaves $2000 per person...not a hell of a lot you say. But for these deliquent sub-prime idiots $2K is a lot of money. If the ARM is a $500 reset, that $2K is 4 months worth of help. And that 4 months will be perfect as 4-6 months later part 2 of the Hillary plan kicks in which is mandatory refinancing to 30 year fixed loans at the intro teaser rate combined with a new 1% fed funds rate.<BR/><BR/>If this were 2005 I'd say yeat housing is a gonner. A year from a presidential election, no way that's happening. <BR/><BR/>let's face it, elites in general suck the big one, and they are all like frenzied sharks feeding off the system. <BR/><BR/>As to what will be allowed, for getta bout it. $545 TRILLION dollars in derivivatives says that the powers that be don't control shit from shineola. The ball has started rolling downhill.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46010284200697142372007-08-09T02:38:00.000+01:002007-08-09T02:38:00.000+01:00Anonymous said... Everybody bashes China and free ...Anonymous said... <BR/>Everybody bashes China and free trade. Frankly, other countries, including China, could AND should have our low-end manufacturing jobs. Who the hell wants to pay $89 for a toaster made by some unionized worker making $40+ an hour? It isn't Bush that killed American jobs, it is the unions. Just look at GM, Ford and Chrysler. They are HMO's and Pension funds that make cars on the side. <BR/><BR/>Did you ever happen to think that higher wages would benefit our economy? For instance, if you live in CA, maybe someone could actually afford to buy the 650 Sq. Ft. shithole they are about to call home. You live in CA?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48458877632562434062007-08-09T02:28:00.000+01:002007-08-09T02:28:00.000+01:00Everybody bashes China and free trade. Frankly, ot...<I>Everybody bashes China and free trade. Frankly, other countries, including China, could AND should have our low-end manufacturing jobs. Who the hell wants to pay $89 for a toaster made by some unionized worker making $40+ an hour?</I><BR/><BR/><B>Comments like this are simply beyond ignorant. It's hard to even fathom the idiocy that springs from a statement like this</B><BR/><BR/>This is the same kind of person that doesnt' for one second sit down and do a quick penciling of the numbers to arrive at the truth. Exactly like all the FB's out there about to eat what's in the gutter for lunch, not thinking to examine the loan document of the reality of boom-bust economic history.<BR/><BR/>ANYONE that has ever studied military and economic tactics is well aware of the enormous power of *attrition*. It's the cornerstone from which your opponent draws upon all his power over you. Attrition is constructed and employed in a vast array of means.<BR/><BR/>In Iraq, the insurgents and Iran can spawn enough fighters to grind the U.S. down for dozens of years. They have ample experience at doing for CENTURIES. In fact, much longer the the U.S. has even been in existence.<BR/><BR/>The same applies to China, an ancient culture, 1000's of years of fighting and scheming and winning, bred virtually into the foundation long before anyone even dreamed of writing the Bill of Right or Constitution.<BR/><BR/>A land with 1.3 BILLION persons. A land with the equivalent of the <I>entire U.S. population</I> on the move, with no permanent home, any given day, in search for enough subsistence to survive.<BR/><BR/>A land with the capacity to produce, in quantity and quality virtually EVERY product or service consumed by EVERY person on the face of the earth, with expanding markets, that the U.S. has no relation with.<BR/><BR/>But more importantly, a place where labor is frequently conscripted, unpaid and in fact slave driven. Where 100's OF MILLIONS are under a command directed COMMUNIST GOVERNMENT. A government that has put together a unprecedented form of hybrid capitalism of which the world has never before witnessed.<BR/><BR/>This is a place that in the none- to-distant past lived thru and experienced one of the most destructive famines and crop failures ever known to man, from which the political environment created forced collectivization upon the citizens, 100's of millions at a time!<BR/><BR/>The degree and depth of which China can go to 'grind down' the U.S. is far beyond the wildest machinations of anyone living in the United States. There is simply no frame of reference in our entire history and human experience that can guage where we would have to go to win a battle of attrition with China. The numbers are profoundly imbalanced even without and before considering how much control over our national debt they have.<BR/><BR/>So, for you, Mr. Brilliant, unless your are willing to produce U.S. products in a prison environment, entirely for NOTHING as your prevailing wage, and then do it for 100 hours per week while living out of a cell with 10 other 'roommates' in close promimity, 7 days week, you'd better think again how smart it is to turn over even our 'low end' wage jobs. There is virtually no depth so low that we can reach to in order to find an equalibrium in the debt environment we have backed ourselves into.<BR/><BR/>So called 'free trade' has handed over, on a 'silver platter' to the Chinese our entire economic security. To remain on the same track means we have entered into a 1000 year war of economic attrition we cannot win. They know this explicity and if you read the writings of both military and political figures in China, they clearly state their INTENTION to win this contest against us. <BR/><BR/>THEY MAKE NO SECRET OF THE PLAN. It is we who are too in denial to believe it.<BR/><BR/>They have our money, but much more critically to the point, they have time and patience on their side and a population and culture that doesn't scream me me me about everything. In fact, to be unique and contra to the governments direction can get you a prison sentence or death. A population that is marching (literally) to the same drummer in unison. <BR/><BR/>Our is a country of a collective attention deficit disorder, blinded by the facts and without the patience and appetite for the depth we will need to go to win a war of attrition with China.<BR/><BR/>The future will be very different than we have either planned or imagined.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85961766599699868692007-08-09T02:25:00.000+01:002007-08-09T02:25:00.000+01:00August 8, 2007 (LPAC)--A San Francisco-based mortg...August 8, 2007 (LPAC)--A San Francisco-based mortgage lender, which is reported to have no sub-prime investments at all, appears to be following the giant American Home Mortgage down the tubes, according to MarketWatch. <BR/><BR/>Stock in Luminent Mortgage Capital fell 75% Tuesday, after the company, finding itself out of cash and hit by unpayable margin calls, canceled dividends and quarterly reports. <BR/><BR/>With only 20 employees and $365 million in annual loan originations, it is seen as a mine canary for other cases of high-end lenders. Luminent was investing mainly in Fannie Mae- and Ginnie Mae-rated prime mortgages. But the losses apparently came from bad investments in mortgage backed securities and collateralized debt obligations. <BR/><BR/>"Effectively, the secondary market for mortgage loans and mortgage-backed securities has seized up," the company said in a statement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41644384467941045162007-08-09T02:16:00.000+01:002007-08-09T02:16:00.000+01:00Here's a so called City of London financial inside...Here's a so called City of London financial insider hinting that something "BIG" occured today that will shake the financial system to it's core. Let's see in the days ahead if there is anything to this<BR/>================================<BR/>August 8, 2007 (LPAC) -- Late in the day of Aug. 8, a source working in the City of London reported to EIR that "There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE or DOW index numbers, but its looking like someone is liquidating a huge market-neutral stock portfolio," referring to an investment portfolio which is designed to make money irrespective of general market downturns. The sales took place across the globe, starting in Japan, then in Europe and the U.S. The source said that others in the City believe that, in order to have the market impact that this sell off is having, the size of the portfolio would have to be in the 3-6 billion dollar range. <BR/><BR/>It is not known as of this writing who is liquidating, nor why - whether it is a desperate need for cash, an intervention intended to impact the market by a central government, or something else, the source said, it is an "unprecedented event." In the dynamic global process now underway, it cannot be seen as an isolated event.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45302204316030865092007-08-09T01:47:00.000+01:002007-08-09T01:47:00.000+01:00Better read that story again. CFC does NOT have 18...<I>Better read that story again. CFC does NOT have 187 b in cash, they have ACCESS to 187 B. That means they can BORROW 187 b. from banks to finance their loans.<BR/>P.S. that access to 187 b could disappear tomorrow. That's what happened to American Home, the banks withdrew their credit. It could very well happen to CFC.</I><BR/><BR/>A banker is a guy that will loan you an umbrella on a sunny day, and ask for it back when it starts to rain. It's freaking pouring.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46249325627675468342007-08-09T01:43:00.000+01:002007-08-09T01:43:00.000+01:00FLASH:HP is history. The doom and gloom days are o...FLASH:<BR/><BR/>HP is history. The doom and gloom days are over. Markets up. Dollar up. Housing up. Foreclosure over as Hillary starts the bailout.<BR/><BR/>Game.<BR/>Set.<BR/>Match.<BR/><BR/>We (humans) win.<BR/>You (sub-human renters) lose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2017206710658839792007-08-09T01:21:00.000+01:002007-08-09T01:21:00.000+01:00the sub humans are funnystock market is on fire, m...the sub humans are funny<BR/><BR/>stock market is on fire, mortgage apps up huge, home prices flat, CFC has a gajillion doallars in cash and yet the renting sub-humans still think they will become rich renting apartments and buying 5% CDs.<BR/><BR/>Amazing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19485224180897455792007-08-09T00:29:00.001+01:002007-08-09T00:29:00.001+01:00Anonymous said... "About that whole mortgage meltd...Anonymous said... <BR/>"About that whole mortgage meltdown you sub-humans keep talking about....8% jump in mortgage apps. Yeah nobody is buying homes anymore. Whatever. You lose again."<BR/><BR/>Lender crunch stings state<BR/><BR/>-<B>About 110 lenders have stopped funding new loans, closed offices or gone bankrupt since the beginning of the year.</B> Half of those lenders have operations in Maryland, according to Rooney's office.-<BR/><BR/>-Lenders are also less likely to write risky second loans so that borrowers can avoid paying mortgage insurance, which is required when they can't afford the standard 20 percent down payment. Those loans became especially popular as home prices rose.-<BR/><BR/><BR/>"<B>If your home purchase was closing tomorrow and your lender is going out of business, you're going to have to start all over,</B> and that's a scary situation. That's where people are scrambling." said DiPino, who owns Universal Trust Mortgage Corp. in Columbia. "But there are still plenty of options out there." <BR/><BR/><BR/>http://www.baltimoresun.com/business/<BR/>bal-te.bz.mortgage07aug07,0,7864476.storyroberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91622414092011509742007-08-09T00:29:00.000+01:002007-08-09T00:29:00.000+01:00Oh and to the Dope who said people are still buyin...Oh and to the Dope who said people are still buying houses..maybe you should tell that to my Neighbor who's house has been up for sale since last June..and its priced to sell he just wants out...Open house after Open house..no one even shows up.Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62010310890477473922007-08-09T00:19:00.000+01:002007-08-09T00:19:00.000+01:00Congress just couldn't be that stupid................Congress just couldn't be that stupid.............could they?<BR/><BR/>--------------<BR/><BR/>You never know..they have been stupid for the last 7 years whats one more.Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12261739314882766312007-08-08T23:34:00.000+01:002007-08-08T23:34:00.000+01:00Everybody bashes China and free trade. Frankly, o...Everybody bashes China and free trade. Frankly, other countries, including China, could AND should have our low-end manufacturing jobs. Who the hell wants to pay $89 for a toaster made by some unionized worker making $40+ an hour? It isn't Bush that killed American jobs, it is the unions. Just look at GM, Ford and Chrysler. They are HMO's and Pension funds that make cars on the side.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36013690663761179472007-08-08T23:20:00.000+01:002007-08-08T23:20:00.000+01:00This is pretty bright of her. The tards that want ...<I>This is pretty bright of her. The tards that want to hear this stuff don't know that 1 billion dollars won't do jack, but she still gets credit for "feeling their pain". I hate her, but she has a good chance on pulling this off.</I><BR/><BR/>$1B is a lot of money. People talk about 2 million people being in foreclosure trouble. Truth of the matter is of those millions, probably 1/2 are flippers/investors. That leaves a million. Of that million, say 50% are truly in danger of foreclosure as opposed to just in bad shape but can make it by cutting out eating out and vacations.<BR/><BR/>So you have 500K people and $1B to give out. Leaves $2000 per person...not a hell of a lot you say. But for these deliquent sub-prime idiots $2K is a lot of money. If the ARM is a $500 reset, that $2K is 4 months worth of help. And that 4 months will be perfect as 4-6 months later part 2 of the Hillary plan kicks in which is mandatory refinancing to 30 year fixed loans at the intro teaser rate combined with a new 1% fed funds rate.<BR/><BR/>If this were 2005 I'd say yeat housing is a gonner. A year from a presidential election, no way that's happening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2541890893972749052007-08-08T23:07:00.000+01:002007-08-08T23:07:00.000+01:00One thing that really keeps me interested is the f...One thing that really keeps me interested is the fact that the large institutional lenders need to publicly state that they are in good shape. If history teaches us anything, it is that the corporatocricy is concerned with one thing and one thing only; profit.<BR/><BR/>Take this one step further, remember the book 'Confessions of an Economic Hit Man', this method is now being applied to the American middle class in what amounts to the biggest looting of our assets in history and further concentrating them in the hands of fewer and fewer individuals.<BR/><BR/>Just in case you haven't figured it out yet, we ARE going into a depression that will make 1929 look like a picnic.<BR/><BR/>Watch for it when Countrywide or Bear Stearns fall. Nothing the Fed or Humpty Dumpty do will be able to put it back together again.<BR/><BR/>Perhaps then we will begin to seriously entertain some meaningful social change and economic equality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55382419369364920832007-08-08T22:40:00.000+01:002007-08-08T22:40:00.000+01:00BOOYABOOYA BOOYABOOYABOOYA<BR/><BR/>BOOYA <BR/><BR/>BOOYA<BR/><BR/>BOOYAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10162575366385712762007-08-08T22:33:00.000+01:002007-08-08T22:33:00.000+01:00According to a Gallup/Experian Poll:* 55 percent b...According to a Gallup/Experian Poll:<BR/><BR/>* 55 percent believe the federal government should pass new legislation helping borrowers keep their homes and avoid foreclosure.<BR/><BR/>The bailout is coming folks. I hope you all enjoyed living in an apartment the last 5 years. And I sure do hope you will enjoy the new taxes to be paid while Juan Lopez lives in a 4000 sq ft home.<BR/><BR/>I believe the term for you people is IDIOT or DEMOCRAT, same thing.Anonymousnoreply@blogger.com