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Blog Archive

Sunday, October 28

Witchcraft, Said Frank Sin--atra, is the Mortgage



Yes it’d be Witchcraft;;
To elect Giuiliani;;
And his Norman Pod-heretz;;
Nuclear War Crew;;

The Dems just can’t allow it more;;
This wimpy opposition score;;
A Blackwater genocide plot, it’s
Witchcraft;;


The evil of the bubble too;;
Hedge fund money that really is taboo;;
That’s in Pelosi’s witches’ brew.

A bailout of some trillions more;;
For mortgage backed securities;;
Giuliani and Pelosi are witches too.

pix at: http://www.franktribute.com/images/sinatra_shots/Frank_TomDS5-30.jpg
and http://www.franktribute.com/frank_sinatra_impersonator.html


With the private war of Blackwater being shown to be nothing but a human shooting gallery, it's time to tell the truth. That the Iraq war is just a rehersal ground for bands of mercenary mass killers that will be sent all over the world, if Guiliani or anything like him is elected President.
And the real estate collapse is on, no matter what these idiots do. See larouche for the answer.

Monday, October 22

What the Real Estate Crash Means for the World

The London Telegraph's Ambrose Evans-Pritchard picked up recently on the story. Home prices in Riga, Latvia, rose a staggering 61 percent in the 12 months ended in March, making houses in Riga more expensive than houses in Berlin, but prices are now falling, down nearly 5 percent over May and June, and more since. In Kazakhstan, where mortgage credit expanded 100 percent in a year, the $40 billion bubble has popped, with homes in some quarters of Almaty, the nation's largest city, falling 20 percent over the last three months. The share prices of six of the top Kazakhstan lenders halved between July and early October, and some banks are experiencing runs. While the sums involved pale in comparison to the size of the U.S. mortgage market, the effects on the people of those nations is every bit as serious, and the welfare of the population is the metric by which such crises should be measured.

Of course, that is not the whole story. Because of the pyramid game that has been played, a whole series of other instruments are crashing. This includes various pieces of or "tranches" of Mortgage Backed Securities, with the more risky parts of various layered and spliced mortgages crashing first. Then on top of that, the MBS themselves have become the basis for CDOs, Collateralized Debt Obligations, which can have other tranches of other things mixed in, like in Credit Debt and Student Loans.
Also see, this.

Flying to India, to Escape the Crash




If you have made some money in the good times, it is time to do lots of travel, like flying to India. Flights to India don't have to be hugely expensive. Once you get there, your Holidays in India can be remarkably varied and reasonable. DialAFlight can make your dream come true.

This post is sponsored by DialAFlight, reachable at http://www.dialaflight.com/flights/india/.

Cheap flights to India can make your dream come true. Goa Flights, Delhi flights, and Bombay flights are some of the landing locations available to you.

These flights to India can get you to a beautiful hotel or ashram to relax, so you can see the collapse of the financial markets in a new, higher spiritual light.

Sunday, October 21

If I Could Escape, said Gwen Stefani




If I could escape this Bankrupt economy;;
Where people give up billions for dumb songs from me;;

Cause I've been looking at this fishy MLEC deal
and that is the reason I don't feel too real.
Maybe that's how I fee-eel.


If I could escape;
And get a little bit very far;;
Go back to good ole Pres. FDR;;
That could be my favorite for the general welfare, yeah;;
If we can recreate;;
We know we've been real bad guys;;
To go along with all these Enron-type lies;;
Have some little future;;
Something that is not fascist creeps;;
Why can't we escape??

This is the real question. Can we listen to LaRouche, and stop being bamboozled by all this crap. This $100-billion MLEC scheme is just an idea to repackage crap, that everyone knows is crap. Even some of the gurus warn us, don't do it, like:

Warren Buffett is not really a nice guy, even though he did give away a lot of money, but he gave away the game on a Fox Business Network show. This is just some insane power game. Someone forced Hank Paulson to go with this crap, just to show what a doggie he really is. Was it someone from the Cayman Islands or London?

Bill Gross, CIO of Pimco called the superfund "pretty lame."

Pix link at: http://news.bbc.co.uk/1/shared/spl/hi/entertainment/05/songwriters/songwriters_jamlewis/html/6.stm
pix link

The Junk May be in Your Garage, Not just the Markets



This is a sponsored post by Car Guy Gargage Inc. (carguygarage.com).


On this blog, we talk a lot about the junk bonds ,and the MBS (Mortgage Backed Securities) which are becoming junk, and then have the CDOs (Collateralized Debt Obligations) piled on top of them. However, don't forget about the junk in your closets and garage. You may be interested in some storage solutions.


So, I rent a floor of a two story house, and I have been alloted a good deal of garage space. And I admit that is rather junky. It can get pretty complicated. First there are the two air conditioning units I have to put down there soon, since the heat is beginning to go on. Then there are the baby's toys that he doesn't like any more, or has outgrown, but I promised to give them to another couple that is expecting a child. So you can see I have some real storage needs.

A Fishy Story of the MLEC- aka- the Toxic Waste Fund

You've probably heard all about it now. The US Treasury of Hank Paulson is encouraging Citibank, B of A, and a few others to form a massive SIV (Structural Investment Fund) to take all the crap from the other SIVs, and somehow recycle it all and make it all good news. Even for a bunch of enron-style Wall St. criminal, it seems like the impossible dream.

While Citigroup, J.P. Morgan Chase, and Bank of America maneuver to gather cash commitments for their proposed structured investment vehicle (SIV) superfund--the Master Liquidity Enhancement Conduit (MLEC)--from U.S. and foreign banking suckers, there has been a flurry of counter-attacks by heavy hitters within the the financial sector. Even Former Fed Chief Alan Greenspan has questioned the usefulness of the MLEC superfund scheme, quoted in the Oct. 20th Financial Times (of London).

Warren Buffet's point is if the mortgages behind the MBS are going to crash, it is the way it is anyway. See an interview to Rupert Murdoch's new media outlet Fox Business Network in its debut on Oct. 18, where he declared that "pooling a bunch of mortgages, changing the ownership" would not change the viability of the mortgage instrument itself. "It would be better to have them on the balance sheet so everyone would know what's going on."


Financial commentators both in print and online media ranged from skeptical to outraged by the collusion of the banks and the so-called regulators, to bail out the rapidly devaluing SIVs by giving them a face-job and a new wardrobe, then lending money to "lure" suckers to buy the toxic wares. The FT even blamed the plunge in the stock markets in recent days partly on investor "unease" exacerbated by news of the MLEC scheming.

Undaunted, Treasury Secretary Paulson declared at the Oct. 19 G-7 meeting, that the superfund would go forward, and be in place by the end of the year. So the big question, is who is doing what to whom?

Your Nevada Corporation




The inside word is that it is worthwhile to form a Nevada LLC. That's a limited liability corporation. There are different corporate forms but they are all available at a click of a mouse.

This is a sponsored post of www.incparadise.com.

But, in any case, why do you need to incorporate at all? Can't you just go along and get along with a sole proprietorship type of company? The answer is no. You can have the bejesuses sued out of you if you are personally liable for all the misdeeds of your company, and there can be many accidents, damaged goods in shipping, and sometimes more exotic stuff. Let your corporation get their own tax id
, that will make things all better right from the start. Now, this can get a little bit complicated. Even with a wonderful, secretive Nevada corporation, you still have to take corporate minutes
. That means that you have to have some notes on your corporate meeting, and your by-laws, even if it is a one-man corporation. The IRS gets interested in little things like that. And with the real estate collapse, you have enough trouble, you don't want to get in trouble with Aunt IRiS. Also, the other thing, is that Nevada has great corporate secrecy laws, and it has no state income or corporate income taxes. So you could even form your corporation in Nevada, and in your home state. Send income to the Nevada corporation for advising your home state corporation. Of course, you have to be careful and reasonable, so do a click and get some good advice today, you won't be sorry.

Saturday, October 20

Sonny and Cher on the Housing Slump



And the beat goes on, the beat goes on;;
Housing Slump continues, going down;;
La da da da dee, la da da da da;;

Fannie Mae says it'll last so far.
Now's the time to listen to the big cigar.
Depression's hyperinflated, ya uh huh;
Time to reorganize like FDR;;

And the beat goes on.....

And Cheney wants to start another war;;
Televised with electric baseball scores;;

And the beat goes on.....

pix link: http://www.museum.tv/archives/etv/V/htmlV/varietyprogr/varietyprogr.htm
sonny and cher

The San Francisco Chronicle, from the front page of its Business section, awakened its readers on Friday, October 19, 2007:

Home Sales in Bay Area Crash to 20-Year Low

County Number Sold Percent Change Median Price

Santa Clara 779 -39.0% $775,000
Alameda 565 -51.8% $599,500
Contra Costa 484 -55.8% $585,000
San Mateo 371 -37.0% $800,000
Sonoma 270 -37.2% $522,500
San Francisco 229 -30.4% $850,000
Solano 214 -52.2% $399,000
Marin 158 -24.4% $860,000
Napa 48 -49.5% $521,000
Bay Area 3,113 -44.8% $670,000

Figures are for sales of existing homes in 2007 compared with 2006 (A single year!) Now if you made an "investment" by buying a house you couldn't really afford, and then the price collapsed 40-percent, you would be up sh#ts creek too. And that's whether you had a fixed rate mortgage or a more exotic ARM or IO. People were convinced (brainwashed) that housing prices would go up forever, which by the way, is not necessarily a good thing!

Tuesday, October 16

It Hurt , said Christina Aguilera




I hurt so bad, when the markets crashed;
When my mortgage fell on me flat;
Then I realized that the system was finally, finished,ooooh!

Would you tell me I was wrong;
To go with the Brits Empire;
Let the money people decide;
Just who lives and who must die;

There’s nothing I wouldn’t do;
To be American again;
To have the general welfare;
To believe in Constitution;

Woowoow! I’m sorry for, betraying you;
For all the things, that I just wouldn’t do;
And I hurt myself, by hurting you;

pix link: http://www.celebworm.com/magazines/christina-aguilera-does-italian-vogue/

October 15, 2007 (LPAC)--That's the Goldman Sachs bailout plan, according to globaleconomicanalysis.com. "Don't ask" what the asset is worth. "Don't sell," or you will find out, and not like the result. So the mortgage collapse, and the pyramid on top of it will continue to be covered up, they think.

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.

Sunday, October 7

American System Revival needed for Finances


Now that the monetary system has crashed and barely exists for 3 months, the big question is, what is next!


The monetary system is in shambles
If you bail it on out, only getting worse;
You might be gettin' tired of takin a gamble
Go with that doo doo doo doo doo Lyndon stuff;

The leveraged buyouts are left in the lurch now;
The crashin bankers, say, nothing you can do;
The Dems and Repubs have hit the floor, wow;
Saying it's time to get a little of that old LaRou;

Doo, Doo, doo doo doo doo;

Report from the Daily Morgue:

Merrill Lynch announced it will report a quarterly loss, after writing off $5 billion in mortgages, mortgage backed securities (MBS) and collateralized debt obligations (CDO). This has caused the biggest freakout, because ML is a lot smaller than the other firms taking $3-4 billion in losses.This compares with a UBS write-off of $3.4 billion, and Citibank of almost $6 billion, announced earlier this week.

Washington Mutual, the largest U.S. Savings and Loan, wrote off $1.39 billion.

With more than 100 mortgage companies closed or sold off this year, Bloomberg quotes Mark Adelson, a mortgage consultant in NY City, saying that the trouble in mortgages has just begun. "The alarm is going off from the detector on the ocean floor, but the tsunami hasn't hit the shore yet."

photo, John Fogerty, Revival, Creedence song, http://yu.ac.kr/~bwlee/gifs/bmpcv.jpg

Friday, October 5

We can't pay the mortgage any more- say the Beatles


We can't pay the big Mortgage anymore
the mortgage anymore, the mortgage anymore (2x)

When they sold me the new mortgage
Thought it perfect for the Submarine
Now I'm yellow and yellower
When I think we can't pay it back.

Arms and IOs kicking in
After 3 years, pay twice as much
It is really, a sea of green;
For our yellow Submarine;

It seems everything got mortgaged, and re-mortgaged, even the Yellow Submarine. Isn't time to go with LaRouche's Homeowner and Bank Protection Act? Otherwise, the situation just gets worse and worse and the chain reaction goes around the world.

Wednesday, October 3

Crazy About Digital Cameras

You can see that I am crazy about digital cameras. If you look back a few blog posts, you can see the picture I got at the Jennifer Lopez, Marc Anthony appearance in the Bronx. The camera I used, the Olympus FE-190 is not a bad camera, but it needs a bit more power. What I'm really interested now is a Kodak EasyShare Z712, which has a 12x optical zoom, a lot more than a 3 or 4x optical zoom. That way it gets pictures that are really publishable. My picture do get published with articles that I write for a Harlem-based giveaway paper.

This post is sponsored by ritzcamera.com.

Anyway, see what you can get at digital cameras. When I take pictures of my young son, I prefer to use the Olympus FE-190 or similar cameras. After all, you can take time setting up the shot, it really is much easier. Then you download it onto your computer, and you can print it in your home, or outsource it to the many services that will print pictures for you. You can even photograph the real estate you want to sell.

Tuesday, October 2

Crunch Finger


(to the tune of "Goldfinger"

Crunch Finger;
He's the man who wants to crunch credit
This could be it;

Strangled monetary system (doo doo doo)
Going down because debt just overwhelms
And drowns the realm;

Marketplace talk will drone on and on;
But you know what phase you've come upon;
Because endless cash, inflation is the name;
For the end of this endless game;

He loves only gold, only gold, only gold!!!!


With the credit crunch, we are into the Dr. No range of the universe, that is, no way out, without some ideas from Larouche. Here is an example why:
Pending U.S. Home Sales Plunge to Record Low

Oct. 2, 2007 (LPAC)--The National Association of Realtors' index of pending sales of existing-homes, fell to 85.5 in August, a sharp drop of 6.5% from July of 2007, and of 21.5% from August of 2006, the NAR announced Oct. 2. The index, which sits at its lowest level on record, measures the number of Americans who have signed contracts to buy previously owned homes, although the transaction has not yet closed. The index's deterioration, which fairly closely indicates future home sales, shows that the housing collapse in the U.S. is a good way from its bottom.

"Fewer [mortgage] contracts were being written because of mortgage-availability issues," said Lawrence Yun, the NAR's senior economist. "More than 10 percent of sales contracts fell through at the last moment in August," Yun said. "The impact was greater in high-cost markets that are more dependent on jumbo mortgages. In some areas, as much as 30% of signed contracts were falling through in August."

In a related development, during August, United Kingdom banks approved the fewest home mortgages,-- 109,000-- since April, as the British real estate market implodes.

image at http://www.hollywood-diecast.com/007goldfinger.jpg

Getting Ready for the Holidays

This post sponsored by couponchief.com.

There may not be much of a monetary system by the time of the holidays, with all the crashing real estate. However, maybe Santa Claus will reorganize the monetary system too. In the meantime, Coupon Chief has some really great deals for you.

Being that we are on the internet, who can avoid going crazy about Dell Computers coupons. And that is exactly what I will do. There are lots of Dell Electronics coupon codes to choose from, not just computers, to get offers and coupons and deals, oh my!

Then there is Blue Nile coupons, which means online jewelry. Who can resist a chance to impress their mate with some lovely silver, gold or diamonds, during Hanukah and Christmas? The Blue Nile Diamond Earrings coupons are definitely worth a look. Check out the offers, deals and coupons.