The more I hear about the bailout (now a rescue) I think that it is just another Bush administriation calling wolf. The sky was falling after 911. Terrorists were all but rushing our boarders. Sadam had is finger on some sort of cataclismic button.
It's fear for sure that is being applied to us. Robert Paulson writes a reported three page document/plan asking for a seven hundred doller bail out. Hmmm. It seems that three pages of anything linked with seven hundred billion ($700,000,000,000)deserves more that than three pages. Not to harp too much on the Paulson plan, but a three page document associated with that much money seems to be more like the kind of the thing you slide to the teller an AnyBankUSA which says, "GIVE ME THE MONEY. THIS IS A STICK UP!"
Monday, September 29, 2008
Tuesday, September 23, 2008
mortgage mess
I paid my big mortgage the other day. I paid it for the previous month and the month before that. Come to think of it, I've been paying on that debt obligation since I signed on the dotted line several years ago. I got a 30 year fixed at a great rate (I know, I'm bragging a bit) because I wanted the security of knowing what my monthly payment would be give or take a few bucks.
Now comes the mortgage-crisis of the masses. Essentially it's folks who were lured in to homes, actually payment schemes that they could never afford from the onset by other not-so-fine folks (mortgage brokers, and the entire banking/financial industry that thrived on easy money.) Inevitably lots of these fine folk crapped out on there obligations only to leave their assets on the market. Skip to present day, when lots and lots of fine folks have stopped payment on their obligations likely because they were faced with a decisions like food or housing. As a result, the market is flooded with homes of decreasing value, no buyers and no lenders.
Now let’s talk about responsibility. The fine folks who originally purchased the homes are screwed. Their credit is a mess. They are likely out of a home, or a bunch of money, or maybe they are still struggling by to make the payments and sacrificing other necessities like food and/or medical care. The point is, that the individual is paying currently for their part in this whole debacle. My question is what responsibility is being born by the rest of the system - the brokers, the banks, the multi million dollar CEOs who are floating to ground on their golden parachutes even as wall street institutions (Merrill Lynch and Bear Stearns) crumble? Conservative rhetoric often pegs individual responsibility. So, I ask what is the responsibility of those who made (stole) all that mortgage money?
It seems that a partial answer is a 700 billion dollar bail out is on it's way. Our fine leader, Mr. Bush wants to ram it through congress (no lube) so that horrible things (depression) won't take hold in America. Hmmm, the private financial system (read in irony that conservatives will always say that corporate America does it better and more efficiently than government) which created the mess, (its executive and under-minions who all enjoyed the perks financial hey days) seem to the avoiding responsibility here. The bail-out is a 700 billion $ tax on the people (me and you and some who have already been hit with these f'ed up mortgages.) Great!
Now not only am I paying my own mortgage responsibly, but I’ll potentially be paying to bail out the fools (wall street institutions that we’ve tied our entire economy to) who have managed to orchestrate the biggest financial collapse since the great depression.
Thanks.
And finally, confidential to George Bush and the those right wing conservative think tanks: I’m trying to be independent and responsible, but your pro-corporation economic policy and blatant failures are making it really hard.
Now comes the mortgage-crisis of the masses. Essentially it's folks who were lured in to homes, actually payment schemes that they could never afford from the onset by other not-so-fine folks (mortgage brokers, and the entire banking/financial industry that thrived on easy money.) Inevitably lots of these fine folk crapped out on there obligations only to leave their assets on the market. Skip to present day, when lots and lots of fine folks have stopped payment on their obligations likely because they were faced with a decisions like food or housing. As a result, the market is flooded with homes of decreasing value, no buyers and no lenders.
Now let’s talk about responsibility. The fine folks who originally purchased the homes are screwed. Their credit is a mess. They are likely out of a home, or a bunch of money, or maybe they are still struggling by to make the payments and sacrificing other necessities like food and/or medical care. The point is, that the individual is paying currently for their part in this whole debacle. My question is what responsibility is being born by the rest of the system - the brokers, the banks, the multi million dollar CEOs who are floating to ground on their golden parachutes even as wall street institutions (Merrill Lynch and Bear Stearns) crumble? Conservative rhetoric often pegs individual responsibility. So, I ask what is the responsibility of those who made (stole) all that mortgage money?
It seems that a partial answer is a 700 billion dollar bail out is on it's way. Our fine leader, Mr. Bush wants to ram it through congress (no lube) so that horrible things (depression) won't take hold in America. Hmmm, the private financial system (read in irony that conservatives will always say that corporate America does it better and more efficiently than government) which created the mess, (its executive and under-minions who all enjoyed the perks financial hey days) seem to the avoiding responsibility here. The bail-out is a 700 billion $ tax on the people (me and you and some who have already been hit with these f'ed up mortgages.) Great!
Now not only am I paying my own mortgage responsibly, but I’ll potentially be paying to bail out the fools (wall street institutions that we’ve tied our entire economy to) who have managed to orchestrate the biggest financial collapse since the great depression.
Thanks.
And finally, confidential to George Bush and the those right wing conservative think tanks: I’m trying to be independent and responsible, but your pro-corporation economic policy and blatant failures are making it really hard.
Monday, September 15, 2008
The National
As I sit here at my da-man desk writing reports for da-man, I'm listening to the most excellent band The National.
These guys rock tunes with a message not bound in mundaine lyrics and bad melody. Fake Empire from the Boxer CD just makes me want to type faster. Of cours the only problem with that is that speed roughly coorilates to more mistakes.
Oh well. PS, I'm currently enjoying The National on non-Mac head phones, because they suck!!!
Crow...
These guys rock tunes with a message not bound in mundaine lyrics and bad melody. Fake Empire from the Boxer CD just makes me want to type faster. Of cours the only problem with that is that speed roughly coorilates to more mistakes.
Oh well. PS, I'm currently enjoying The National on non-Mac head phones, because they suck!!!
Crow...
Monday, September 08, 2008
Mac Ear Phones Suck
You know those little while ear phones that Mac. sells with iPODS and all the other marvelous gadgets? Yeah, you know what I'm talking about. Well, no news here, they suck! I'm not sure why it is that I've had to buy several to find this out. The sound quality is relatively poor and the durability is absolute crap. Namely, the white becomes not-so-white quickly, the comfy band around the ear contact area disintegrate quickly and the wire mesh that protects the inner components of the phone is too delicate to be durable except when it poking me in my ear part all too frequently.
I'm done with mac. earphones. I don't care that what I got sticking out of my head isn't trendy and white.
Crow out -
I'm done with mac. earphones. I don't care that what I got sticking out of my head isn't trendy and white.
Crow out -
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