October 22, 2011

Bits Bucket for October 22, 2011

Post off-topic ideas, links, and Craigslist finds here.




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94 Comments »

Comment by jeff saturday
2011-10-22 04:33:56

Stolen from

Allan Sherman -(1963) -
Hello Muddah, hello Fadduh, Here I am at Camp Grenada
http://www.youtube.com/watch?v=D2Hx_X84LC0 - 95k

Hello Deadbeat
Hello Squatter
Well at least you, pay for water
That`s a nice car
Where`d you get it?
With the house payment you sixty times forgetted
How you do it?
What`s the deal?
You don`t pay them
And you squeal
That they shouldn`t
Have been givers
Of loans to a man who pizza he delivers

Comment by ProperBostonian
2011-10-22 15:53:46

Thank you Jeff. Another memorable addition.

 
 
Comment by Mel friedman
2011-10-22 05:06:56

So what about NYC ? When will a decent Tudor ne less than a million? No ones buying here at these crazy prices.

2011-10-22 07:53:27

If nobody’s buying, you’ve answered your own question.

Lots of supply, no demand.

I suggest you crack out Chap. 1 of any economics textbook to tell you what comes next.

Comment by Muggy
2011-10-22 08:11:35

“Chap. 1 of any economics textbook to tell you what comes next.”

Some trite story about how the author ended up in the field, beginning with a lemonade stand?

2011-10-22 08:18:12

I meant a real book not the ones meant for the mentally impaired.

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Comment by Muggy
2011-10-22 14:49:08

“not the ones meant for the mentally impaired.”

Don Lupre (RIP)!

 
 
 
Comment by GrizzlyBear
2011-10-22 10:20:06

Do economics textbooks consider old age and death?

2011-10-22 11:01:43

If renting is cheaper than buying all the way up to the point that you meet the Grim Reaper, shouldn’t you be celebrating the subsidy?

Try getting over the housing obsession. You might find that you have a quite a ways to invest/enjoy that surplus money that you have.

Humans are weird.

It’s just a house, dude! It can’t love you back.

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Comment by alpha-sloth
2011-10-22 14:22:45

“decent Tudor”?

Enlighten us non-New Yorkians what that means.

Comment by Realtors Are Liars®
2011-10-22 16:01:38

English Tudor…. They’re prominent in lower Westchester and nicer areas of the Bronx. They have prominent multiple gables and *usually* have a steep pitch to them.

 
Comment by NJGuy
2011-10-22 16:54:21

Following World War I many London outer suburbs had developments of houses in the style(Tudor), all reflecting the taste for nostalgia for rural values. It was also copied in many areas of the world, including the United States and Canada.

 
 
 
Comment by Mel friedman
2011-10-22 05:08:29

So what about NYC? When will a decent Tudor be less than 1.2 mill. No one is buying now.

Comment by Realtors Are Liars®
2011-10-22 13:12:57

So NYC prices have a long way to fall. Your point?

 
 
Comment by FB wants a do over
2011-10-22 05:10:33

Law Bans Cash for Second Hand Transactions
http://www.klfy.com/story/15717759/second-hand-dealer-law

Cold hard cash. It’s good everywhere you go, right? You can use it to pay for anything.

But that’s not the case here in Louisiana now. It’s a law that was passed during this year’s busy legislative session.

House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don’t even know about it.

“We’re gonna lose a lot of business,” says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.

“We don’t want this cash transaction to be taken away from us. It’s an everyday transaction,” Guidry explains.

Guidry says, “I think everyone in this business once they find out about it. They’re will definitely be a lot of uproar.”

The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill.

Hardy says, “they give a check or a cashiers money order, or electronic one of those three mechanisms is used.”

Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement.

“It’s a mechanism to be used so the police department has something to go on and have a lead,” explains Hardy.

Guidry feels his store shouldn’t have to change it’s ways of doing business, because he may possibly buy or sell stolen goods. Something he says has happened once in his eight years.

“We are being targeted for something we shouldn’t be.”

Besides non-profit resellers like Goodwill, and garage sales, the language of the bill encompasses stores like the Pioneer Trading Post and flea markets.

Lawyer Thad Ackel Jr. feels the passage of this bill begins a slippery slope for economic freedom in the state.

“The government is placing a significant restriction on individuals transacting in their own private property,” says Ackel.

Pawn shops have been forced to keep records of their clients for years. However under this bill they are still allowed to deal in cash.

Comment by scdave
2011-10-22 07:08:05

Law Bans Cash for Second Hand Transactions ??

Legal test ??

2011-10-22 07:55:48

This will fail in the courts.

There’s a reason it’s called “legal tender”.

Seriously people, you should let all this mickey-mouse shee-yat fly under your threshold for “important things that matter”.

Comment by Hwy50ina49Dodge
2011-10-22 08:52:53

fly under your threshold

I hear ya, somedays it feels like this: ;-)

Backseat driver: “The car antenna is bent!”
Driver retorts: “The brake pedal feels soft.”
Backseat driver: “When does this down-hill Mtn. road flatten out?”
Driver retorts: “The power-steering is gone”
Backseat driver: “Can’t you go faster, we’ll be late to church”
Driver retorts: “The front wheel is wobbly”
Backseat driver: “Did you empty the trash before we left?”

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2011-10-22 09:20:50

Are we there yet?
Are we there yet?
Are we there yet?

BWAHAHHAHAHAHHAHAHAHAHHAHAHHHHHHHHHHHHHHHH!!!

 
 
Comment by oxide
2011-10-22 09:01:36

I hope it dails in the courts too. Cash is the last fortress of privacy in the business world. If I buy something at the Goodwill, I don’t want datamining outfits like ChoicePoint knowing it. They’d sell the info and soon I’d be targeted for advertising for check cashing places and secured credit cards.

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Comment by polly
2011-10-22 10:44:05

I told them that earlier in the week, cat, but I don’t think anyone believed me. This law will be gone as soon as they find a simpathetic plaintiff to bring the suit. It shouldn’t matter legally, but they will probably look for a business that can demonstrate that they have never purchased/sold stolen property.

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Comment by Bill in Phoenix and Tampa
2011-10-22 07:35:47

That is too Marxist for America. Most people are going to ignore that law and should ignore it. Think garage sales. I am sure if the school marm was in Louisiana instead of Washington D.C.she would be pleased to write checks and get every one of her transactions followed by the cops.

Comment by oxide
2011-10-22 09:10:35

Agreed. Creating a paper trail in the gray market will just drive everyone to the black market.

And besides, who wants to write out a check for a 30-cent beanie baby?

Comment by SDJen
2011-10-22 09:24:46

My crystal ball says Louisiana banks will start charging a fee for every check written. Your 30-cent beanie baby now costs $2 :)

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Comment by polly
2011-10-22 10:59:24

Umm…oxide, when Bill says “school marm” he is talking about me, and I was the first person to say that this law is going to fail in the courts the first time anyone tests it (immediately). A little support would be appreciated.

For some reason, Bill thinks school teachers are bad, evil people, perhaps because they get paid vacations and health insurance and retirement plans and they educate children. I don’t think Bill has much use for any of those things.

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Comment by MightyMike
2011-10-22 11:11:51

Have you figured out why he called you a “school marm”? I thought that you were a lawyer.

 
Comment by Bill in Phoenix and Tampa
2011-10-23 09:53:36

Bingo. Hallway monitor. Hardly any law is a bad law if it was passed. In reality, most American laws are designed to initiate force against the individual and are unconstitutional. They should be ignored.

 
 
 
 
 
Comment by Muggy
2011-10-22 05:59:48

My realtor doesn’t respond to my emails that have links to homes that have closed at low prices, but he still sends me listings at wishing prices. What a dick.

We’re going to finish getting our kids through daycare, put my wife through grad school, and reassess in 2-3 years, at which point we’ll probably delay again. Lol…

Comment by Awaiting
2011-10-22 07:14:43

Our realturd has selective email replies, too. It’s a control game.

When he’s at a preview with us, he tells us keep us in line bs. We have fantasies of drowning him. lol

Comment by Muggy
2011-10-22 08:08:26

I have a problem though, my realtor is a strong leader within the community, and I like him as a colleague, so I have to tread lightly if I am going to fire him. My plan is to just stop looking/communicating altogether. It’s worse that he lives in one of the areas we like. He has a real strong interest in keeping prices up. He’s already lost about $100k on his home.

I haven’t signed anything or made any verbal agreements. I don’t have to use him, right?

I’ll probably end up buying directly from the county since he can’t wrap his flipping brain around working a low price for me.

Comment by iftheshoefits
2011-10-22 08:57:17

Does the realtor find any properties for you that you can’t just as easily find yourself through an on-line MLS search? Maybe we’re spoiled out here in SLC, we have a pretty good search tool available to us.

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Comment by Aonn In DC
2011-10-22 12:06:17

Muggy,
Hi. You or your wife or both of you should get RE licenses.
You’re thinking of spending ~ $200K right? You can spend a few hundred bucks and few weekends to get licensed and do your own search.

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Comment by Awaiting
2011-10-22 15:33:58

Realturd dot com
redfin
trulia
Print out homes of interest and put in 3 ring binder.
Follow the price changes until sold-record.
Then when you’re ready to look hard, you can go to the county for the price recorded.
You don’t need a realturd unless you want to tour (preview) a home.
We control our search by doing it online. Then you can hit the sob up for a rebate for doing a lot of the work.

If you get licensed you have all kinds of money going out to access the MLS, etc… It’s costly. We didn’t use my license and my husband asked for a rebate anyway. Had more to do with his chutzpah, than any license. His partner is an Iranian Jew who knows what a buck is. It rubbed off. LOL

 
 
Comment by Awaiting
2011-10-22 15:20:27

Ok, since I am licensed in Ca. I’ll catch the bait. (Did commercial REIT/residential on days permiting.)Realtors work on a relationship basis with each other. If the listing agent doesn’t like your pillar of the community realturd, then your offer is at the bottom of the pile anyway. It’s a honors and kiss arse situation. (Speaking from So Ca, mind you. But I assume it’s national.)
I would take the control back from him, like you plan. I would make him obey your command. He can’t control prices. Market forces always prevail.

In Ca (and I assume in Fl) all R E agreements must be in writing to be enforceable. You can walk. I found the biggest producers to be the worst to work with. They have relationships with other realturds, but many have burned many bridges. yin & yang. You owe this dude nothing.

Hey, ask him (or next pick) for a few thousand as a rebate at closing to buy appliances. That will tell you a lot. My Irish (but acts Jewish) husband did, and got it.

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Comment by GrizzlyBear
2011-10-22 10:21:45

And he’s “your Realtor” why?

Comment by Realtors Are Liars®
2011-10-22 14:11:57

Thank you Grizzly.

 
Comment by Muggy
2011-10-22 14:47:57

“And he’s “your Realtor” why?”

Well that’s the problem… he *WAS* cool for a while. Perhaps I will get my realtor license.

 
 
Comment by Neuromance
2011-10-22 20:17:46

He knows the game he’s playing. And so do you. It’s just business. Get a new UHS.

 
 
Comment by goon squad
2011-10-22 06:11:54

Enjoy your weekend HBB, the concept of weekend was brought to you by labor unions :)

Comment by combotechie
2011-10-22 07:54:45

“I’ve been rich and I’ve been poor, and rich is better.

I’ve worked union and I’ve worked non-union, and union is better.

Comment by combotechie
2011-10-22 08:14:42

With a company with a union you get set work rules. With an employ-at-will company you get ruled at the whim of whomever it is at the helm.

If your boss is benovelent then you are blessed. If your benoveoent boss gets replaced by someone less than benovelent then you are cursed.

As time passes the chances of having a benovelent boss replaced by a less-than-benovelent boss increases, and the chances are good that this change will occur just at the most inopportune time for the employee.

Comment by Bill in Phoenix and Tampa
2011-10-22 08:55:35

And you can take a 10 minute smoke break every 15 minutes. Thank goodness for unions.

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Comment by oxide
2011-10-22 09:08:40

Why isn’t there some happy medium between a union that oversteps and no union at all?

I don’t like the UAW idea of going on strike solely to extract blood from future workers (like lifetime healthcare). On the other hand, I like the idea of having a go-between type union to represent me in case something goes wrong, or to report unsafe conditions so I don’t have to fear individual reprisal, or to read through pending labor laws or budgets or retirement plan changes that may affect me.

 
Comment by GrizzlyBear
2011-10-22 10:24:31

“Smoke break.” Why is this allowed anywhere? As a non-smoker, I don’t agree with it at all. Where’s my “non-smoker” smoking break?

 
 
Comment by X-GSfixr
2011-10-22 09:08:32

I’m living that dream as we speak. Currently trying to decide whether to start job hunting again. Will probably mean a move to the coasts, or overseas; there aren’t many jobs requiring my skill set out here in BFE.

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Comment by Hwy50ina49Dodge
2011-10-22 09:02:22

7 days @ 3.95 hrs day = 27.65 total weekly work hours

*27.65 weekly hours = no benefit$ & no lunch break$

*(Employment requires you be on call)

However, the side benefit is it can/might qualify you for State & Federal $ub$idie$

Just the way “they” like it. ;-)

Comment by iftheshoefits
2011-10-22 10:01:53

If that’s what it took to get back on my feet, I’d take it, and be grateful. Then I’d figure out what I needed to do to move beyond that point.

Better than wasting away on the government dole. But to each his own, I suppose.

Comment by Hwy50ina49Dodge
2011-10-22 10:46:14

I’d take it, and be grateful

Eyes hear ya, but things seem to be different in Alabama:

Some Alabama Businesses Having Trouble Replacing Immigrant Workers:
by Seth Hoy / Immigration Impact

Just two weeks after Alabama’s extreme immigration law (HB 56) went into effect, many are reporting an exodus of immigrants, Latinos and their families from the state. While HB 56 supporters cheer the exodus as a victory, many Alabama businesses say they are left without an adequate workforce. Despite assurances from Governor Bentley that U.S. citizens will gladly take those jobs, Alabama farmers, meat processors and housing contractors are finding that U.S. citizen or legal workers are either not willing or able to take those jobs—leaving fruit to rot on the vine and home reconstructions projects unfinished. Not only will this hurt Alabama business in the short term, economists say, but will shrink the state’s economy and productivity over time.

To test Governor Bentley’s claim, Alabama tomato farmer Jerry Spencer recruited more than 50 U.S. citizen workers, gave them free transportation and paid them to pick fruit and work the fields. Only a few worked for more than two or three days. One stayed for the entire two weeks. According to Spencer, “people weren’t in good enough physical condition to work harder or longer hours and typically gave up when faced with acre after acre of tomato plants ready to be picked.”

Other farmers, like Helen Jenkins, are also having a problem filling labor shortages. “You can’t get the (American) workers out here to do the work that the Hispanics were doing. It’s just not working,” Jenkins said. Another farmer, Chad Smith, said his family’s farms stands to lose as much as $150,000 this season with no one to pick tomatoes.

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Comment by iftheshoefits
2011-10-22 11:12:26

You know, we’d all be way better off if everyone (left, right, libertarian, whatever) simply owned up fully to the consequences of what they advocate.

“Be careful what you pray for, you just might get it.”

 
Comment by Carl Morris
2011-10-22 11:12:37

Sounds like either pay needs to be increased, work conditions improved, or advertising and transportation from farther away implemented. The farmers were spoiled by not having to deal with any of that stuff and now they don’t want to or don’t know how. I know if I thought I was going to lose 150k this year I might think about ways to solve the problem even if it required spending some of that 150k.

If you have to, hire way more people than you need. The ones that can only work a couple of hours a day are free to leave and come back again tomorrow if they’re ready to try again. It’s not like the problem is unsolvable. It just isn’t as easy as it was.

 
Comment by MightyMike
2011-10-22 11:16:45

These farmers need to pay more. If the pay was high enough, Amercians wouldn’t mind the hard work.

 
 
 
 
 
Comment by aNYCdj
Comment by Patrick
2011-10-22 18:10:12

Last week when I was in Halifax the cabbie was complaining that the city was going to take back their licenses and then only issue permits to drive a cab. This would then take away the huge capital gain for the cabbie. I have also run across this in other Canadian cities.

The cab owners are mad.

 
 
Comment by aNYCdj
2011-10-22 06:43:41

Maybe a slogan?

At the front of the throng, marchers held American flags and a large blue flag that said: “Revolution Generation … Debt is Slavery.”

This stalemate comes after the Occupy Wall Street movement received an emotional and inspirational boost from folk music legends Pete Seeger and ‘60s folk singer Arlo Guthrie. The musicians joined demonstrators on Friday in their campaign against corporate greed while residents near the protest park encampment pushed to regain some peace and quiet in their neighborhood.

Seeger joined in the Occupy Wall Street protest Friday night, replacing his banjo with two canes as he marched with throngs of people in New York City’s Upper West Side past banks and shiny department stores.

The 92-year-old Seeger, accompanied by musician-grandson Tao Rodriguez Seeger, composer David Amram, and bluesman Guy Davis, shouted out the verses of protest anthems as the crowd of about 1,000 people sang and chanted.

They marched peacefully over more than 30 blocks from Symphony Space, where the Seegers and other musicians performed, to Columbus Circle. Police watched from the sidelines.

Comment by goon squad
2011-10-22 07:02:50

Written on Woody Guthrie’s guitar case: this machine kills fascists :)

Comment by Hwy50ina49Dodge
2011-10-22 09:13:59

George Carlin live outdoor remembrance skits!

1. “They care, about,…you
2. “They don’t give a F#@K about you…”
3.

Comment by SV guy
2011-10-22 11:42:30

3. “It’s all BS folks”

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Comment by combotechie
2011-10-22 07:06:46

“Debt is Slavery”

And it may mean poverty to those to whom it is owed but will not be paid.

Comment by combotechie
2011-10-22 07:17:32

Debt has two sides to it: Those who owe and those who are owed.

If a solution to too much owed debt is, say, bankruptcy then whoever it is that is owed gets screwed.

One person’s (or company’s or government’s) problem gets solved with bankruptcy but with the same stroke of a pen another person’s (or company’s or government’s) problems just begins.

2011-10-22 07:58:13

If only, they had been paying attention during all those Jane Austen novels, the Fitzgerald novels, and a zillion others, they might actually have figured this one out.

Critical analysis, where art thou?

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Comment by Hwy50ina49Dodge
2011-10-22 10:03:26

If a solution to too much owed leveraged debt is, say, bankruptcy then whoever it is that is owed gets screwed punished suffers immensely dies a sudden-death, say, like Lehman Bros.

There are certain “not-to-be-named” entities that are exempt an exception to this current law of “Bidne$$”

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Comment by Bill in Phoenix and Tampa
2011-10-22 07:39:07

I am sure none of those OWS people have $10 in stock mutual funds. Absolutely no 401k or IRA. Ha!

Anyone who is a regular 401k and IRA investor in stocks should consider himself a 1%er. I refuse to consider myself a 99%er. Too insulting to be grouped with whiners who do not want to achieve the American dream.

Comment by AmazingRuss
2011-10-22 08:57:42

Stokholm syndrome.

Comment by X-GSfixr
2011-10-22 09:10:42

:)

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Comment by GrizzlyBear
2011-10-22 10:41:23

LOL, perfect.

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Comment by Realtors Are Liars®
2011-10-22 16:14:38

“Stokholm syndrome.”

BINGO!

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Comment by oxide
2011-10-22 09:14:26

You’re working, right? You’re in the 99%. Even if you quit today, you’ll only bring home a little over $108K per year or so. You’re still in the 99%. Geez, even some retired firefighters are doing better than you. :razz:

 
Comment by Hwy50ina49Dodge
2011-10-22 09:48:46

Sometimes Bill this is how some of your posts conjure up memories from Hwy’s youth: (Eyes just jesting…who knows maybe you had these comic-books as well?) :-)

Characterization

$crooge McDuck: the maternal uncle of Donald Duck.

Under Rosa, $crooge became more ethical, he never cheats. He owes his fortune to his hard work and his money bin is “full of souvenirs” since every coin reminds him of a specific circumstance.

A Financial Fable, first published in March 1951, had Scrooge teaching Donald some lessons in productivity as the source of wealth, along with the laws of supply and demand. Perhaps more importantly, it was also the first story where Scrooge observes how diligent and industrious Huey, Louie and Dewey are, making them more similar to himself rather than to Donald. Donald is depicted as working hard on occasion, but given the choice often proves to be a shirker.

his more villainous side is present too. Scrooge is seen in a story attempting to reacquire a magic hourglass that he gave to Donald, before finding out that it acted as a protective charm for him. Scrooge starts losing one billion dollars each minute, and comments that he will go bankrupt within 600 years. This line is a parody of Orson Welles’s line in Citizen Kane “You know, Mr. Thatcher, at the rate of a million dollars a year, I’ll have to close this place in… 60 years”

$crooge is depicted as being fluent in Arabic, Dutch, German, Mongolian, Spanish, Mayan, Bengali, Finnish, and various dialects of Chinese. Scrooge acquired this knowledge from years of living or traveling to the various regions of the world where those languages are spoken.

There’s the story that introduces $crooge’s private airplane.He would later establish Scrooge as an experienced aviator.

In The Old Castle’s Secret (first published in June 1948), had Scrooge recruiting his nephews to search for a family treasure hidden in Dismal Downs, the McDuck family’s ancestral castle, built in the middle of Rannoch Moor in Scotland. Foxy Relations (first published in November, 1948) was the first story where Scrooge is called by his title and catchphrase “The Richest Duck in the World”.

In Christmas on Bear Mountain, Scrooge was a bearded, bespectacled, reasonably wealthy old duck, visibly leaning on his cane, and living in isolation in a “huge mansion”

http://en.wikipedia.org/wiki/File:ScroogeFirst.jpg
http://en.wikipedia.org/wiki/File:ScroogeMcDuck_Comic.jpg
http://en.wikipedia.org/wiki/File:Scroogemoney.jpg
http://www.thecoffeedrops.com/wp-content/uploads/2011/07/Scrooge-Duck.jpg
http://pithypontifications.files.wordpress.com/2010/12/scrooge-mcduck-make-it-rain.jpg

2011-10-22 11:04:14

Heaven forbid he blow $10K on something he enjoys.

Of course, you’d have to have ANY interests at all besides money to do that!

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Comment by alpha-sloth
2011-10-22 15:53:34

I loved those Uncle Scrooge comic books when I was a pup. The Terries and the Fermies was a classic.

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Comment by SaladSD
2011-10-22 17:43:04

Bill, bill, bill. You do realize you’ve become the resident HBB elitist, right? I’m still marveling over your comment the other day that you’d fight to the death if someone tried to take your retirement fund away. That’s it, that’s the full measure of your being? You really do belong to the 1%ers who have Midas-ized their lives. So just keep counting your money and look down upon us 99%ers. By the way, many of us are gainfully employed and have mutual funds, but are just sick of watching our democracy have the life sucked out it.

 
 
Comment by Montana
2011-10-22 10:24:29

heh, all the old lefty graybeards are showing up..

Comment by Hwy50ina49Dodge
2011-10-22 10:49:26

Age 92 and outside yelling at the $uffering $o’s behavior$, eyes hope to be so lucky! :-)

Comment by Hwy50ina49Dodge
2011-10-22 11:58:08

Anywho, Ra$h Limpbaugh$ is rabidly $crathing his groin itchie$: ;-)

Why Rush Limbaugh Is Freaking Out About Occupy Wall Street:

POSTED: October 18 2011 Rolling Stone / Matt Taibbi Taibblog

This isn’t evidence that mainstream politicians are caving to the movement, of course, but what it does show is that those same politicians are endorsing OWS rhetoric, and by extension tacitly admitting the basic truth of the great-many-versus-very-few protest narrative.

Rush chalks this up to a media deception, a mirage of TV images and “media-Democrat-industrial complex” manipulations designed to con the country into believing in the existence of a mass movement.

The reality, of course, is that people like Rush, Romney and Obama are all becoming cognizant of the deep frustrations that exist across the political spectrum and are growing desperate to prevent the powder keg from blowing completely – hence the intense effort to describe OWS as a top-down manipulation.

Of course the notion that this is all a media fabrication is ludicrous. Dylan Ratigan didn’t invent four million people in foreclosure, he didn’t invent ten trillion dollars in bailouts, and he didn’t invent Wall Street’s $160 billion bonus pool the year after the crash of its own creation.

People out there do not need media figures to tell them how fu#ked things are, or how pissed they should be that the same bankers who caused the crash are now enjoying state-supported bonuses in the billions, while everyone else gets squeezed. As someone who has been covering this stuff for three years, I can say with confidence that people across the country don’t need a push to be angry. They’re already there, and have been there for years. Rush should go hang out outside a foreclosure court in his home state of Florida for a few hours, if he wants to see where the rising heat under these protests is coming from.

Anyway, the hysterical responses from the Rushes of the world are just more signs that these protests are working. I never thought I’d see it, but some of the dukes and earls high up in America’s Great Tower of Bullshit are starting to blink a little bit. They seem genuinely freaked out that OWS doesn’t have leaders or a single set of demands, which in addition to being very encouraging is quite funny.

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Comment by Robin
2011-10-22 19:11:42

Having no single leader to attack confuses the hardcore conservative mindset.

 
 
 
 
 
Comment by jeff saturday
2011-10-22 07:07:16

Panel: Kill foreclosure mediation

By Kimberly Miller Palm Beach Post Staff Writer
Posted: 4:39 p.m. Friday, Oct. 21, 2011

The Florida Supreme Court should end its landmark mandatory foreclosure mediation program, a judicial committee concluded Friday.

Despite acknowledging the state’s foreclosure crisis is ongoing, the counsel of five judges and a court administrator said obstacles including homeowner mistrust of the mediation program and lender resistance marred its success.

Instead of requiring mediation in all residential foreclosure cases, as was ordered by the Supreme Court in December 2009, the committee recommended each of the state’s 20 circuit courts be allowed to join in to a newly created, uniform program or make mediation decisions on a case-by-case basis.

The report has been forwarded to the Supreme Court justices, but there is no timeline for when they will make a decision on its recommendations.

Lenders, who pay the $750 for each mediation, said they’ve already worked with a borrower to find a solution other than foreclosure before mediation and that meeting one-on-one rarely changes the homeowner’s circumstances.

http://www.palmbeachpost.com/money/foreclosures/panel-kill-foreclosure-mediation-1927455.html - 81k

 
Comment by jeff saturday
2011-10-22 10:41:21

APNewsBreak: Banks nowhere near deal on Greece

By GABRIELE STEINHAUSER The Associated Press

Updated: 1:11 p.m. Saturday, Oct. 22, 2011
Posted: 3:21 a.m. Saturday, Oct. 22, 2011

BRUSSELS — A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece’s debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds.

Although the ministers did not say how much of a cut they are aiming for, a report from Greece’s international debt inspectors suggested that the value of Greece’s bonds may have to be slashed as much as 60 percent to get the country solvent enough to repay its debt.

The ministers on Saturday sent their chief negotiator, Vittorio Grilli, to start discussions with banks and other private investors on a new deal for Greece.

However, Charles Dallara, the managing director of the Institute of International Finance, which has been leading the negotiations, said in an interview with The Associated Press that an agreement remained elusive.

“We’re nowhere near a deal,” he said

 
Comment by jeff saturday
2011-10-22 12:08:59

Mortgage insurer subsidiary seized by regulators

The Associated Press

Posted: 2:41 p.m. Saturday, Oct. 22, 2011

PHOENIX — Insurance regulators in Arizona have seized the main subsidiary of private mortgage insurer PMI Group Inc.

A statement on PMI’s website says a court order gives Arizona’s Department of Insurance full possession and control of the Arizona-based subsidiary, PMI Mortgage Insurance Co. The order was signed by an Arizona Superior Court judge on Thursday.

The seizure comes two months after state regulators ordered the company to stop selling new policies.

Beginning Monday, PMI says claims will be paid at just 50 percent.

Shares of the California-based parent company have traded below $1 apiece since late July. PMI shares topped $50 in 2007, before the housing bubble bust. Since then, the company has posted more than $3.5 billion in losses due to claims paid out on foreclosed

Comment by rms
2011-10-22 12:57:48

“Beginning Monday, PMI says claims will be paid at just 50 percent.”

The house of cards on saturated soil.

Comment by aNYCdj
2011-10-22 14:20:35

so whos out the other 50%…..the banks?

 
Comment by Robin
2011-10-22 19:39:04

A couple of weeks ago I inquired about the role of PMI in foreclosure. Only Slim replied.

I can be prescient at times.

Want more details.

 
 
 
2011-10-22 12:34:35

It’s almost impossible to have a coherent conversation about here. Most people are upset that the world that they have grown up in has disappeared!

The NEW reality:

Do you have any skills applicable in the global world, as opposed to being born in the right place.

Got skills?

If not, sucks to be you!

Comment by mikeinbend
2011-10-22 13:43:08

I am a skilled and qualified sub teacher; I teach personal finance(HA!), algebra, trig, spanish, anything k thru calculus. At least I can work almost every day. Wife is a lunch lady. trips to Spain were SO last decade for us. Just have one rental property left over from the bubble brings a little monthly income which we will use to rent a house near wife’s work/kids school. One day we will get bennies by keeping our feet wedged in the door in the education industry.

For now: get paid for teaching; try to keep health bennies, rent house; use food stamps. Keepin it out of the gutter! Just as happy as when we had money, you can’t sleep with money, you can’t cuddle money. Money don’t buy happiness, but it does go quite a ways trying.

Comment by Bill in Phoenix and Tampa
2011-10-22 17:44:26

Everyone knows only people under age 25 have the wild travel hair up their butt so they can have bragging rights that they met “everyone” and they are thus cultured. I figure you are older than 25.

Ha Ha! When I went down to Mexico my parents told me I should stick to America. From my perspective today, I agree. They were right. Not mucking fuch to get the feather in your cap from being in a different spatial location than anywhere in the USA.

 
 
Comment by aNYCdj
2011-10-22 14:25:39

Ooh ooh ooh faster what do you do? Yes the world has changed and btw what are those global skills you talk about?

I always get job offers but the new global economy means you work for free….cant do that much longer.

Resume is good but there is massive violation of wage laws in america and OH want to protect only the Illegals….whats a american boy supposed to do?

Comment by alpha-sloth
2011-10-22 16:03:02

“btw what are those global skills you talk about?”

Yeah, what are they, and why won’t a Chindian do them for $10k a year?

 
Comment by Bill in Phoenix and Tampa
2011-10-22 17:49:15

Global skills:

1) Consider yourself a sovereign individual. From the perspective of astronauts, there are no drawn borders on the nations. You cannot tell where Canada or Mexico begins from the northern part of the USA or from the southwestern USA.

2) Learn Mandarin and Spanish. With those skills and English, you open up a lot of opps.

3) Don’t confine yourself to a geographical area. A former colleague of mine is a consultant in Japan, now for the second time in his engineering consulting career. Plus he has an thing for Asian women.

4) Don’t worry about income. Worry about how much to make relative to the economy “over there.”

Break the chains of collectivist thinking.

Comment by alpha-sloth
2011-10-22 18:31:14

“Break the chains of collectivist thinking.”

We should do this as a group.

(Comments wont nest below this level)
 
 
 
 
Comment by Realtors Are Liars®
2011-10-22 12:55:23

Realtors Are Liars®

 
Comment by Realtors Are Liars®
2011-10-22 14:07:22

Did any of you see a report about this in the media? Was it even posted here?

The federal reserve must end. By force if necessary.

http://sanders.senate.gov/imo/media/doc/101911%20-%20THE%20SANDERS%20REPORT%20ON%20THE%20GAO%20AUDIT%20ON%20MAJOR%20CONFLICTS%20OF%20INTEREST%20AT%20THE%20FEDERAL%20RESERVE.pdf

Comment by alpha-sloth
2011-10-22 16:07:45

The ultimate good-ole-boys network. Looks like the missing link between all the various entities who got Fed bailout money is a connection with a current or ex-Federal Reserve official.

 
 
Comment by Patrick
2011-10-22 18:29:31

Funny how all these global companies have been reporting their world wide incomes the last few weeks.

How about reporting their global incomes to the IRS - and paying tax on their world wide incomes - like Canadian global corps have to do, and most European global corps as well.

When is the SEC going to do something about this massive sucking sound being generated by High Frequency Trading?

Will we be able to view any bank presidents in freezers soon? When is somebody going to be prosecuted for their mortgage fraud behaviour?

Comment by Realtors Are Liars®
2011-10-22 20:22:54

+eleventyzillion.

 
Comment by aNYCdj
2011-10-22 22:34:00

Boy Patrick you are asking for the moon here……even Cramer said the bids should be valid for 1 second 1 freakin second and most high trading would stop…1 freakin second

Now, maybe if we all chip in and find a bank president in a dog collar and all 4 ’s with a tranny whipping him…and show it to the wife….maybe he’ll off himself…

Heck the Big OH thinks black people getting killed in drive bys is cool, do you think he will go after bank fraud?

http://newyork.cbslocal.com/2011/10/21/witnesses-say-pregnant-woman-killed-in-crossfire-near-brooklyn-school/

 
 
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