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Blog Archive

Friday, November 30

Blogging Oldies, th Baby Boomer Song Book

Isn't it fun to think about politics and the baby boomer song book? You can pretend that all these songs from the Grassroots, the Beatles, the Stones had hidden political messages. Or at least they could have. Now with LaRouche being right, the whole system is crashing. The financial derivatives and pyramid assure that the crash of the mortgages affect everything else, not just the real estate market.

Yesterday the city council of Philadelphia, Pa. joined Pittsburgh and a dozen other cities in endorsing the only solution on the table, LaRouche's Homeowners and Bank Protection Act, the HBPA. Scurrying for some solution of their own, the banks are scared to death of widespread "reverse leveraging". Whenever even one foreclosure appears on any residential block, the home values of the entire surrounding neighborhood begin to collapse.

According to RealtyTrac, foreclosures rose sharply to about 55,000 in October, up 35% over September, and triple those of October, 2006. And the beat goes on.

Posted by Howiecopywriter at 4:58 PM

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