Bits Bucket for August 22, 2014
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
About Me
Name:Ben Jones
Location:Northern Arizona, United States
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http://www.breitbart.com/Big-Government/2014/08/21/DNC-Chair-Bigotry-Deeply-Embedded-in-Too-Many-House-Republicans
Anyone opposed to the DNC’s plans to flood the country with Democrat-on-Arrival Third World voters is a bigot, according to DNC Chair Wasserman. Got that?
Progressive = Exterminate Whitey
Unsurprisingy, the masters of the universe are using their MSM propaganda outlets to try to convince the rubes that having your privacy stripped away is a good thing.
http://time.com/3151915/how-your-uber-rating-can-make-you-a-better-person/
Even families formerly secure in their upper-middle class status are losing ground and hope as “this economy is ruined for everyone” (except the Fed’s accomplices on Wall Street).
http://wolfstreet.com/2014/08/21/this-economy-is-ruined-for-everyone/
The middle-east is why the U.S. doesn’t have national health care and why families are going broke for the college experience.
The middle-east is why the U.S. doesn’t have national health care and why families are going broke for the college experience.
Exactly. Same thing happened during WWI, WWII, the Korean war and the Vietnam war. During those times the world, Korea and finally Vietnam were why the U.S. didn’t have national health care and why families were going broke for the college experience. I betcha the situation was even worse for national health care and college during the Civil war.
Oh, wait, maybe your logic and understanding of cause and effect is off?
“Oh, wait, maybe your logic and understanding of cause and effect is off?”
America’s prosperity is not for Americans. Got it. Thanks!
“Oh, wait, maybe your logic and understanding of cause and effect is off?”
America’s prosperity is not for Americans. Got it. Thanks!
Non sequitur. Didn’t get it. Thanks…for nothing!
“I betcha the situation was even worse for national health care and college during the Civil war.”
Back then it was the space shuttles and the moon base.
Yes I agree. But I am STRONGLY opposed to socialized health care still. I will put it this way:
The Korean war, Vietnam war, defense of Israel ($120 billion since 1947 and maybe $150 billion to its enemies since 1947), Gulf war 1 and Gulf war 2 are why we Americans cannot have one income households like in the 50s.
You should rejoice at the chance to sacrifice for endless AIPAC/neo-con wars.
The economy is actually pretty good for gov’t contractors and people who own essential assets like IP or trade secret protected products.
In any economic system, it matters quite a bit who the holders of these important rights are. They hold much more power than people who earn their money by working & saving.
(This is among the key takeaways from Capital in the 21st Century… unfortunately I only made it about half way through before I had to return it to the library… there is a long wait-list for that book so it might take me a few weeks to get it back!)
A real left-leaner would buy the book (hardback), finish it, and then donate it to the library so that others don’t have to wait so long to borrow it.
After all, it’s not like you’re a “poor” and can’t afford it.
Where do you get that I’m a left leaner? I’d skeptical of both sides, especially the hard liners on the blue and red teams.
I go to the library with my wife as an activity. I buy books sometimes.
Capital is a tough book to read, the people who are able to read and understand it largely can afford it easily.
The economy is actually pretty good for gov’t contractors and people who own essential assets like IP or trade secret protected products.
I had a long talk with a recruiter on the phone a week ago - he was from Boston, as lots of staffing firms are from there. He was trying to see if I am ready to go on a gig. I managed to get him to tell me that most of the contract work in engineering is for defense jobs. Yes they pay well. But commercial work like I’m doing is not big in contracting. I told him I will tolerate the commercial work for longer. I’m trying to get my foot in the door into Silly Cone Valley. It will take a few years of reputation. I already got a headhunter trying to get me to work for Amazon in Seattle. She said her boss saw my profile on LinkedIn and told her to try to get me up there. I told the lady to get back with me in January.
Actually I see Phoenix as a hotbed of Java. Irvine and some surrounding cities are a hotbed of Linux. My old office location was taken over by a computer game company.
I’m scraping by. It would have been far easier if I got out of contracting in 2017 instead of 2013 but I think I can break through.
David Stockman: The collapse of the American Imperium.
http://www.peakprosperity.com/podcast/86441/david-stockman-collapse-american-imperium
what do you do to get the private sector back to supporting the govt vs the govt borrowing from uncle fed to support itself?
Let prices collapse.
how is that going to get people that actually produce something back to work?
Lower prices create demand. Use housing as an example. Housing demand is floundering down at 20 year lows because prices are massively inflated.
Are lower home prices really going to revive the economy? Is housing the backbone of the economy?
I agree with you that lower home prices would create more demand.
Im just not sure all of our economic problems and lack of tax revenue to support spending are related to housing. Its part of the problem for sure.
Why do you think they want to keep prices high?
1) No
2)No
3) Their motive for creating this disaster is unknown and immaterial and I’m not going to speculate.
“Im just not sure all of our economic problems and lack of tax revenue to support spending are related to housing. Its part of the problem for sure.”
Strawman troll alert.
There is no need or sensible reason to solely rely on housing as the primary vehicle of taxation. For instance, why not tax all accumulated wealth on a comparable basis? And scrap the income tax while we are at it? Taxing income on the margins reduces the value of household contributions to our collective wealth.
We don’t need people to pay more taxes. What we need is more people paying taxes.
Let’s drop the tax nonsense and get some bleeding CAREER JOBS back in this country instead of lucky ducky burger flipping.
“Let’s drop the tax nonsense and get some bleeding CAREER JOBS back in this country instead of lucky ducky burger flipping.”
You mean by more illegal alien labor and more work visas to fill those jobs Americans won’t do or are not qualified for? Congress is on it!
Guillo, lol, I don’t think Oxy meant that!
Oxy - preach it, sister!
BREAKING NEWS:
“Some people recently expressed surprise that New York City — the home of Broadway, the Statue of Liberty and Central Park — was ranked as the No. 1 city where Americans are unhappiest, according to an analysis of data from the U.S. Census and the Centers for Disease Control and Prevention authored by economists at Harvard University and the University of British Columbia.
“Newer residents of these cities appear to be as unhappy as longer term residents, and yet some people continue to move to these areas,” it found. (Incidentally, Lafayette, La. ranked No. 1 for the happiest.)”
New York City? Who could have ever guessed?
Linky:
http://www.marketwatch.com/story/5-reasons-americans-are-unhappy-2014-08-19?siteid=rss&rss=1
When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.
― Ayn Rand
Gee, that comment was probably made 50 years ago. Clearly not much has changed. But keep hoping….because…
This time it will be different!
Not.
Get over it and get on with it.
The Government Accountability Office is racist.
FEDS: OBAMA BROKE LAW WITH BERGDAHL SWAP
DOD vioates section 8111, Antideficiency Act
by JOEL GEHRKE | NATIONAL REVIEW ONLINE | AUGUST 21, 2014
President Obama violated a “clear and unambiguous” law when he released five Guantanamo Bay detainees in exchange for Army Sergeant Bowe Bergdahl, the Government Accountability Office reported Thursday.
“[The Department of Defense] violated section 8111 because it did not notify the relevant congressional committees at least 30 days in advance of the transfer,” the GAO report said. “In addition, because DOD used appropriated funds to carry out the transfer when no money was available for that purpose, DOD violated the Antideficiency Act. The Antideficiency Act prohibits federal agencies from incurring obligations exceeding an amount available in an appropriation.”
The GAO rejected the idea that the action was legal and sidestepped the Obama team’s suggestion that the law is unconstitutional.
This article is a joke
After escaping, debt slaves can’t wait to get back on the plantation
With this Realtor® quote:
“Most buyers I work with now, especially if they lost a home in the past, don’t want to get in over their heads … They start with a monthly payment that they want to stick to, and then I show them what they can find on the market that fits in that budget”
Howmuchamonth debt donkeys overpay by hundreds of thousands of dollars, drinking the “interest rates are at record lows” koolaid, if Mr Banker and Amy Hoak had a baby, it would be the loosers in this article
http://www.washingtonpost.com/realestate/after-losing-their-homes-in-the-foreclosure-crisis-boomerang-buyers-are-back/2014/08/21/1a6f7092-18ca-11e4-9e3b-7f2f110c6265_story.html
“Most buyers I work with now, especially if they lost a home in the past, don’t want to get in over their heads … They start with a monthly payment that they want to stick to, and then I show them what they can find on the market that fits in that budget”
This right here is a tragedy and it should be illegal. The price never gets discussed. Car salesmen use this all the time as a means to avoid discussion of price.
most people only care about a monthly payment cause they have no money saved and live paycheck to paycheck.
Speak for yourself Poet.
Hagel goes full fearmonger! We’re all gonna die!
http://www.zerohedge.com/news/2014-08-21/chuck-hagel-goes-full-fearmonger-isis-poses-greater-threat-911-prepare-everything
What a complete a-hole. If this were really true, the southern border would be closed tighter than a tick. But please note that, in the best tradition of never letting a good crisis go to waste, we MUST re-boot the Syria effort.
Now that the Ferguson hoo-ha has blown over, the Drudge Report is pimping hard for another Middle East war. Drudge often links to Infowars, which is usually a good website for articles about surveillance, immigration, and race relations.
Today he links to a few World Net Daily articles. World Net Daily are Christian Zionist slobbering Israel lovers.
Last I checked, Israel is not the 51st state. It is an apartheid terrorist regime.
The knuckle-dragging, mouth-breathing, Earth-is-6,000-years-old crowd want an American foreign policy to “save the Jews” by securing Israel, so that they can hasten their own Rapture up to heaven (funny they never mention what happens to the non-saved Jews after the Rapture). These people are truly sick, there is nothing “Christian” about their beliefs.
“The knuckle-dragging, mouth-breathing, Earth-is-6,000-years-old crowd want an American foreign policy to “save the Jews” by securing Israel, so that they can hasten their own Rapture up to heaven (funny they never mention what happens to the non-saved Jews after the Rapture). These people are truly sick, there is nothing “Christian” about their beliefs.”
Amen. I like most Christians I know, of the non-rapture variety. Many of them do really try to walk the walk.
The others are busy trying to destroy the planet and ISIS and all that crap just feeds into their end-times meme. They are truly bat-sh*t crazy.
Having spent a fair amount of time in both of the two camps at different points in my life, I would say the main difference between the Rapture fundies and the warmenists are random circumstances that prompted them to head a particular direction in life. Sure, they act a lot different but that’s just based on the social conventions of the groups that they happened to fall into.
Both are apocalyptic end times scenarios based on particular sins, requiring a particular means of redemption. Both have evidential holes so big you can drive a freight train through. Don’t forget that Al Gore is a divinity school dropout.
Never forget: Rand Paul is a young earth creationist. He’s also been coming around lately to more support for Israel and a more robust military presence in the middle east. (Ted Cruz and Rick Perry have said they would put US troops back on the ground in Iraq.)
“more support for Israel”
How “presidential” of him, if presidential is defined by how deep throat you can fluff Sheldon Adelson.
And regarding boots on the ground, let the First Congressional Battalion lead the ground invasion since they’re so brave.
Shelden Adelson (AIPAC Warbucks for the Crony Capitalist/neo-con wing of the GOP) will make sure Rand Paul doesn’t have a hope in hell of securing the GOP nomination unless he’s onboard with kow-towing to Israel and it’s all-powerful lobby on Capitol Hill. Cruz and Perry are both craven neo-con stooges.
I realize that about Rand. Enough so that it’s the main reason I don’t like him. the adage about the older you get the wiser is true. His dad Ron is essentially an anarcho capitalist - voluntaryist like me.
+1 Goon!
” If this were really true, the southern border would be closed tighter than a tick.”
‘The border fence is a joke’: Filmmaker crosses from US to Mexico dressed as Osama bin Laden as Border Patrol says ‘we can’t be everywhere at once’
James O’Keefe, known for guerrilla documentaries targeting liberals, says US Border Patrol was nowhere to be seen when he crossed border twice
The conservative firebrand wore a bin Laden mask to show the national security implications of unmonitored borders
A Border Patrol official said agents who ought to be on the ‘front lines aren’t even on the front lines anymore’
Texas sheriff showed how a section of border fencing ends abruptly, providing easy access for immigrants to sneak in from Mexico
By DAVID MARTOSKO, U.S. POLITICAL EDITOR, MAILONLINE
PUBLISHED: 10:41 EST, 11 August 2014 | UPDATED: 11:04 EST, 11 August 2014
A flamethrowing American conservative activist raised eyebrows in the U.S. on Monday by releasing a video of himself crossing the Rio Grande River from Mexico into Texas, dressed as the late al-Qaeda terror mastermind Osama bin Laden.
Guerrilla documentarian James O’Keefe’s footage comes at a time when Americans are engaged in a national debate about border security. Tens of thousands of unaccompanied minors from Central America have entered the U.S. illegally in recent months, drawn by a confusing White House policy that appears to offer amnesty for those who make it safely.
In Monday’s video release, O’Keefe focuses on the implications for national security: He illegally crosses into Mexico twice and returns – first in street clothes and again in army fatigues, wearing an Osama bin Laden Halloween mask
.
SCROLL DOWN FOR VIDEO
The video stunt is the latest online expose from the same filmmaking activist who brought down the liberal group ACORN with a video showing its employees agreeing to help a purported pimp run a human trafficking ring and evade income taxes
The official White House website includes a claim that ‘today border security is stronger than it has ever been.’
But O’Keefe told MailOnline that his stunt proves the federal government’s policy is lax and needs a dramatic overhaul.
‘President Obama is trying to deny the obvious,’ he said.
‘We proved that border security is national security. The fence is not complete. The border is not secure. In fact, the video shows the border fence is a joke.’
‘The primary responsibility of the commander-in-chief is to protect the homeland,’ said O’Keefe. ‘With a single trip to the border, we proved that President Obama and Congress have failed miserably and are misleading America.’
A U.S. Customs and Border Patrol official told MailOnline that his agency’s forces are stretched to the breaking point.
‘We can’t be everywhere at once,’ the official said Monday. ‘This is typical of what you’ll find in Texas.’
‘The guys who are on the front lines aren’t even on the front lines anymore. They’re dozens of miles inside the U.S. How can we catch the bad guys if we never see them until they’re standing on American soil?’
The official spoke on condition of anonymity because he is not authorized to make public comments about U.S. policy.
Read more: http://www.dailymail.co.uk/news/article-2721991/The-border-fence-joke-Filmmaker-crosses-US-Mexico-dressed-Osama-bin-Laden-Border-Patrol-says-once.html#ixzz3B7z2MtCm
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Linked from Google News, Foxnews dot com article pimps the fear. Article is titled “Hamas kills 18 suspected Israel informants”.
Sad panda boohoo Hamas, time to rally the progressive-neocon “base” to support another trillion dollar war for Israel.
Florida RE anecdote:
We’ve got a couple of abandoned houses here in my nabe. The one across the street has been in limbo for a year and a half. The elderly man who lived there had a garage sale one weekend, and then a couple of weeks later got into his car and drove off. Rumor was that he had family in Kansas and was going to live with them. He was kind of out of it, came over a number of times to introduce himself, used to sit out in his carport whenever it rained and watch the road, etc.
Anyway, the HOA still maintained the landscaping and over time, one property preservation person or another would stop by, wander around the exterior, take some photos and then take off.
As of a couple of weeks ago, things started to happen. They sent three teams of property preservation people out to take photos, inside and out. People began posting so many notices on the house that it looks like a bulletin board. A realtor was assigned to the property.
This week another team of property preservation people came by and opened up the place. Nice guys, the lead let me into the house to look around (told me not to tell anyone). Gawd, the place was a shambles, stuff all over the place. Most of it crap,but a few items with value.
I talked to the property preservation lead for a while. He was assessing the place to determine what it would take to trash it out. Told me that under a certain amount, he was authorized to remove everything, but over a certain amount, they had to let it out for bid, since it’s an FHA repo.
One of the interesting things he told me was that he had been working with a lot of reverse mortgage houses formerly occupied by retirees who had passed away or gone into nursing homes or whatever. He didn’t get into the major details, but apparently this reverse mortgage business is a huge scam.
What’s the mold and mildew like in FL houses such as this one, where it’s been shut up with no AC on for a long time? I beginning to think that there’s millions of such homes in the shadow inventory in high humidity regions that will never be livable again
Actually, I was surprised, didn’t catch a whiff of any mold or mildew while I was inside. There was a sort of musty odor, but that was about it. Which is weird, considering the property backs up to a pond. Of course, they did have the doors and windows up, but considering this is Florida in August, I should have been able to detect something.
Since the founding of this nation, credit worthy immigrants have lived long productive lives without debt because they know it is a moral failing. Not true for their offspring.
Living in a rental will never feel like a real home.
The hard knock life of an internet troll:
http://www.picpaste.com/internet-troll-20110516-102141-9S94zmW1.jpg
Note this pic of Amy/azdude is labeled with a belly full of Cheetos
‘Comment by Amy Hoax
2014-08-22 08:20:04
Living in a rental will never feel like a real home.’
On weekends, I attend open houses and when I wander into an empty carpeted room, I drop trou and scoot around on the floor like a dog. Your right, though- it does feel like I’m doing it in a real home. Thank you. Keep up the good work.
A home is any house with a family, rented or banked-owned (and until you’ve paid off the mortgage, it ain’t yours.)
until you
’ve paid off the mortgageno longer have to pay taxes on it, it ain’t yours.FIFY
And Realtors are hopelessly corrupt and useless.
Public Service Announcement: don’t have weed in your car driving through prohibition states still living in the stone age. Remember, it has *nothing* to do with public safety, it’s all about the revenue. And to quote the timeless wisdom of NWA, “F*** Tha Police!”
http://www.bloomberg.com/news/2014-08-22/marijuana-law-mayhem-splits-u-s-in-two-as-travelers-get-busted.html
And especially don’t do it if you have Colorado license plates.
Re-post of an anecdotal: an attorney friend has a client who was returning through Kansas after illegally selling a quantity of Colorado’s finest export crop in the Midwest. He had $45,000 of cash and no weed in the car. And unmarked pace car rode up along side of him for a minute, used what I assume is some kind of RFID chip detector to identify the cash stash, then dropped back into traffic. Minutes later, Kansas Highway Patrol pulled him over, arrested him and confiscated the cash. How is this even legal?
Does RFID work through steel? I ask because the RFID readers at the local library fail all the time on the book return conveyor belt and the sensors are just inches from the books.
I wouldn’t assume anything about how this sting was made. Perhaps the other end of the transaction had been filmed, and the unmarked car was simply matching the photo of the perp to the face of the car’s driver. Or maybe they used a device to smell the money.
Are ever-spiraling housing costs still regarded as an “improvement”?
San Diego Hard to Afford for Housing? Only 3 Cities Worse Off
Posted by Chris Jennewein on August 21, 2014 in Business
For sale signs in California. Photo from Wikimedia Commons.
A new survey released Thursday by Zillow, an online real estate company, identifies San Diego as one of the four least affordable housing markets in the United States.
San Diego ranked fourth among 100 U.S. metro areas in share of income need to buy a median-priced home or afford the median rent. The median is the halfway amount, with 50 percent priced higher and 50 percent lower.
Los Angeles, San Francisco and San Jose, the metro area that includes Silicon Valley, were less affordable for home purchases, while Los Angeles, San Francisco and Miami-Ft. Lauderdale were less affordable for renting.
In San Diego, residents needed 35.5 percent of their income to afford a median-priced home and 42.6 percent of their income to afford the median rent.
Zillow said that thanks mostly to low mortgage interest rates, the national affordability of for-sale homes looks much better than for rental houses and apartments.
“As rents keep rising, along with interest rates and home values, saving for a down payment and attaining homeownership becomes that much more difficult for millions of current renters, particularly millennial renters already saddled with uncertain job prospects and enormous student debt,” said Dr. Stan Humphries, Zillow’s chief economist.
“In order to combat this phenomenon, wages need to grow more quickly than they are, particularly for renters, and growth in home values will need to slow.”
Ah, California… the state where you have to spend at least 1MM to have a SFH that’s near decent jobs and has halfway decent schools that aren’t overrun by gang members or kids of gang members.
This explains why the bubble was so acute in hellish areas like the IE, Central valley, and Sacramento.
Another Liberace strawman.
Rent the house for half the cost of buying.
Infosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, Frankfurt
BANGALORE: Companies founded by Bill Gates and Jeff Bezos may be the biggest employers in Seattle, but SD Shibulal is a person of no mean influence in the home of Microsoft and Amazon. A savvy real estate investor, the chief executive officer of Infosys owns over 700 apartments in the Seattle area.
http://articles.economictimes.indiatimes.com/2014-06-23/news/50798685_1_shruti-shibulal-infosys-ceo-sd-shibulal-tamara-coorg
Amy Hoak guest column in the Denver Business Journal pimps the NAR:
http://www.bizjournals.com/denver/blog/real_deals/2014/08/rents-in-denver-are-very-unaffordable.html
Downtown Denver is soooo overrated. It is overrun with panhandlers, it smells like urine, and it is an open-air drug bazaar (not the good kind of drugs). Yet the pretty young things all want to overpay on rent and live there.
I pay less than half of someone I know who lives 3 miles north of me.
And someone paid $400k for the house MMM bought for half that price a few yrs ago (granted, he did fix the place up nicely).
Are you sure about that Liberace?
I’m sure you can look it up in a few months on CO’s taxation site?
The other thing that will piss you off about MMM is, his house sold quickly. I think he said less than a month.
Unsubstantiated. .. like all your tripe Liberace.
Video: Harry Reid Cracked Two Jokes About Asians in Las Vegas
Aug. 22, 2014 11:48am
Jonathon M. Seidl
Senate Majority Leader Harry Reid is making the rounds Friday after video surfaced of him cracking two jokes about Asians at a Las Vegas meeting.
Speaking to the Asian Chamber of Commerce, Reid joked about the stereotype regarding Asian intelligence.
“I don’t think you’re smarter than anyone else, but you’ve convinced a lot of us you are,” he said to chuckles.
Later, when someone mentioned a person with the last name “Wong,” Reid cracked: “One problem that I’ve had today is keeping my Wongs straight.”
Watch it below:
While the jokes did elicit laughs, National Review notes Reid wasn’t so kind to a former challenger who cracked an Asian joke:
While on the campaign trail in 2010, Reid criticized Republican challenger Sharron Angle for her own “Asian” comments. Angle came under fire for telling a group of Hispanic students that “some of you look a little more Asian to me.”
And they weren’t successful. Reid was there stumping for Lucy Flores, the Democratic nominee for Nevada lieutenant governor. After he left, the group voted to support her Republican challenger, Mark Hutchison, the Las Vegas Review Journal reports.
UPDATE:
Reid has now apologized, according to Politico: “My comments were in extremely poor taste and I apologize. Sometimes I say the wrong thing.”
http://www.theblaze.com/…/video-harry-reid-cracked-two-jokes-about-asians-in-las-vegas/ -
BLACK COP KILLS UNARMED WHITE YOUTH — MEDIA AND FEDS SILENT
Another American city is also grappling with the death of an unarmed young man at the hands of police
by SELWYN DUKE | THE NEW AMERICAN | AUGUST 22, 2014
While Ferguson, Missouri, burns with racism and rioting, misinformation and mayhem over the Michael Brown shooting, another American city is also grappling with the death of an unarmed young man at the hands of police. The incident occurred just two days after the Ferguson event, but, unlike in that case, where a white cop shot a black youth, in this instance the races are reversed. Unlike in Ferguson, there is no allegation that the young man attacked the officer. And there is another difference:
The national media, Attorney General Holder, and Barack Obama are silent.
The young man was 20-year-old Salt Lake City resident and father-to-be Dillon Taylor. Taylor was leaving the 2102 South State Street 7-Eleven on August 11 with his brother, Jerrail Taylor, and cousin, Adam Thayne, when the incident occurred. Writes Fox 13:
According to [South Salt Lake police] Sgt. Darin Sweeten, police were called to the scene just after 7 p.m. after receiving a 911 call of a man waving a gun in the air.
When police arrived they spotted the suspect leaving the gas station with two other individuals.
According to Sweeten, the officers demanded that the suspect and the two others surrender.
The suspect did not follow orders and was shot.
Police have not confirmed whether or not the suspect had a gun or why he was shot.
The two other individuals [Jerrail Taylor and Adam Thayne] with the suspect did comply with police.
Allegations have been made, however, that Taylor was a victim of mistaken identity and, perhaps, overly-aggressive policing. As KUTV reports:
Dillon’s brother and cousin claim they were on their way to visit his parents’ graves and that Dillon was surprised by the police presence. He was not aggressive, they said.
“He had headphones in, and he couldn’t hear [anything], and then they finally surrounded him,” Jerrail said. “They’re like, ‘Get on the ground,’ and [he] pulled up his pants and [they] shot him.”
Thayne believes police might have thought his cousin was reaching for a gun when, in reality, he grabbed his cell phone.
“I was in shock, because he was wearing a white t-shirt and there was blood all over it,” Thayne said. “They ran up and handcuffed him. He wasn’t moving.”
A witness’s video shows police yelling for the two men to remain on the ground as Thayne repeatedly screams that they have shot his cousin.
The two men were taken to the police station, but released hours later without being charged or cited.
Unlike the Ferguson Police, many Salt Lake City law-enforcement officers wear body cameras, and the incident was caught on video. The video is currently being withheld, however; Police Chief Chris Burbank says that it, along with the name of the officer firing the shots, will be released at the “appropriate” time.
On noez! Prez Obola sez watch out for ISIS, they’re going to destroy his beloved Chitcago (insurance bets already been made, I’m sure). We need to bomb Syria (team mascot - the red lines) or else. False flag in 3 . 2. 1 .
Another slap-on-the-wrist fine for the Vampire Squid.
http://finance.yahoo.com/news/goldman-paying-3-15b-over-215536721.html
Charles Hugh Smith: Why the Fed is being forced to end QE.
http://www.zerohedge.com/news/2014-08-22/why-fed-being-forced-end-qe
There’s a great IMF cartoon in the comments. LOL!
The home-flipping bubble starting to implode (again).
http://wolfstreet.com/2014/08/22/the-home-flipping-bubble-implodes/
Ferguson: When Assholes Collide.
http://www.ivymikecafe.com/2014/08/21/ferguson-when-assholes-collide-2/
phony scandals
scandals