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Blog Archive

Saturday, October 13

Drowning in the Green River of Mortgage Collapse



Do you remember your President Nixon;
(do, do do do do do do)
That’s when the free trade scheme was a fixin’
Dollars value settled in London; slave of the free market machine
But if you get a lost, Remember you are now bankrupt!!!

Jimmy Carter pushed free trade one bit more;
Deregulated, spit on FDR;
Slave labor truckin’ destroyed the highways;
Railroads torn up, thrown in the junkyard;
And if this gets you lost; remember sonny you’re bankrupt!!

Do do do do do do!!

Then there was the stock crash of 87
Thought all the junk bonders, go to heaven;
Michael Milken went off the jail;
But, Alan Greenspan sent him some bail;
Started real estate bubble, now baby you are bankrupt!!

Yeah! Jump in the Green River!

With Al Gore getting the No Balls prize for his greenie crap, I thought I would do a take off on that old Green River, by the Creedence Gang! Nothin' like some down home funk, to get away from scientific junk.

Meanwhile there are rallies in Boston, Mass. against the Countryside Real Estate Creeps:

[LINK=http://www.larouchepac.com]About 100 people gathered at three Countrywide offices in Boston[/LINK] to protest its practices, yesterday, just hours after the firm announced that delinquencies and foreclosures in its portfolio were rising steeply. Some of the signs from protesters were "My Life is not Adjustable. Stop Adjustable Rates!!" and "Your Scam Got Us in this Jam!" (link to picture) This protest was organized by the Neighborhood Assistance Corporation of America, and is the second this week organized by borrowers' advocacy groups. On Tuesday, the Association of Community Organizations for Reform Now (ACORN) organized a protest in eight cities.

The fun has just begun. This is so sick. Anyone with a brain, who is not just trying to steal from some other loser, knows the system has been bankrupt and seized up since Bear Stearn's hedge funds went belly up in June 2007.

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