Fanny and Freddy Mac....Your government at work......

Old warren Buffet hits the nail on the head. He didn't get rich for nothingMr. BUFFETT: And they sat there, made reports to the Congress, you can get
them on the Internet, every year. And, in fact, they reported to Sarbanes and
Oxley every year. And they went--wrote 100 page reports, and they said,
`We've looked at these people and their standards are fine and their directors
are fine and everything was fine.' And then all of a sudden you had two of the
greatest accounting misstatements in history. You had all kinds of management
malfeasance, and it all came out. And, of course, the classic thing was that
after it all came out, OFHEO wrote a 350--340 page report examining what went
wrong, and they blamed the management, they blamed the directors, they blamed
the audit committee. They didn't have a word in there about themselves, and
they're the ones that 200 people were going to work every day with just two
companies to think about. It just shows the problems of regulation.

Print money like it's cost free and history bites you in the ass...

Check out one of the new rich and what they have to say.(You'd think this is all new)        

I Will Teach You To Be Rich

If you think history doesn’t repeat itself, you’re nuts. In fact, 10 years ago this month, Long Term Capital Management, a huge hedge fund, nearly caused a global financial collapse. Yet here we are — with the same words being thrown around. Does anyone really think investment bankers won’t make their same salaries at some point in the future? Or that we won’t gradually move back to huge executive compensation? Still, as I pointed out last week, none of that really matters to the individual investor. What matters is picking the right strategy and sticking to it.

The Empire is real.......

stop the Congress

The Secret History of the American Empire

Here's my answer to the melt down...

stop the Congress

This is the sure fire way to fix the mortgage mess......

Dave Ramsey

Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three steps:

Common Sense Plan. I. INSURANCE A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.

B. In order for a company to accept the government-backed insurance, they must do two things: 1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage. a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes. b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while working with the borrower—again limiting foreclosures and ruined lives.

2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs. C. This backstop will cost less than $50 billion—a small fraction of the current proposal.

Read more here

Try this bailout

Found this solution on theSF Chronicleof all places....

     if the government buys the mortgage-backed securities, that does nothing - absolutely nothing - to make the underlying mortgages more valuable or more likely to be paid, stabilize home prices or help homeowners in distress. It does nothing - absolutely nothing - to directly benefit the real economy.

But another proposal does. Use the $700 billion on the table and stabilize housing. Make that money (actually only a fraction would be needed) available to homeowners who live in their homes (not speculators). Here's how: Offer any financial institution (or require it, although no financial institution in its right mind would refuse the offer anyway), that owns a mortgage of an owner-occupied home in distress, to provide that homeowner, in lieu of any penalties or foreclosure, a government guarantee of the current or missed payments under the mortgage. If the homeowner agrees to have the government take over the payments, the financial institution would inform the government, the government would make the payments, and the homeowner in exchange would sign a note agreeing to repay the government some years in the future (say, 10), with interest at the same rate currently required under the homeowner's mortgage.

Meanwhile in t5he hairy great white north......

Bigfoot Sasquatch Ontario Sightings

Pelosi mean to me....

Pelosi sets up the Republicans.  Tells her vulnerable seats to vote no because Repubs are going to the slaughterhouse. No repub in his right mind would vote to give the Demo's fat cats a blank check to get away with making loans to bums, homeless, stupid or dead people. Follow the money and see how much Dod, Franks and the rest got. Repubs in on it headed for the tall grass a long time ago. Remember Barney Franks own Banking committee, bought and paid for, didn't vote for the fat cat rescue pkg.

bail outs are us.....

 got an idea. Let's let the con artist in Congress get us out of this, yeah that will work.

Pelosi put her foot in mouth

The Dem's deserve this dumb bitch.

YIPPEE

94 democrats vote against bailing out the crooks in the banking industry.Who would of thunk it!!!!

Suckers are us.....

re we buying a $700 billion 'maybe'? - MSN Money

Everybody getting in on the ripoff except for the taxpayer. All these bastards in Wall Street are making money off this deal because the crooks have bribed our beloved leaders who will retire very well thank you.

BFRO Report 11070: Fisherman sees bipedal, human-looking animal in river

check this out

Government needs to grow.....

I think the government will eventually implode because everyone will be working for them or in jail and be unable to support all these programs. Especially the growth industry called crime. More and more tv shows are showing prison real life drama and makes you wonder where it will end. See what the libertarians have to say:

In a cruel twist of fate, by the 1960s the antidrug campaign had become a huge industry. There were people who benefitted from it despite the fact that it is illegal and was ruining millions of lives.” “Who benefits from it?” Dave asked. “The livelihoods of police, bureaucrats, judges, lawyers, and many others depend on drugs being illegal and remaining illegal. And, like many other industries, the drug prohibition industry is a growth industry; it grows by making more and more laws which are increasingly pervasive and harsher and have less constitutional basis.”

The coming American dictatorship by John Silveira Issue #66

The only Russian I ever agreed with.....

If this was an American he would lose his gravy train job.

Abdusamatov claimed that the upper layers of the world's oceans are - much to climatologists' surprise - becoming cooler, which is a clear indication that the Earth has hit its temperature ceiling already, and that solar radiation levels are falling and will eventually lead to a worldwide cold spell."Instead of professed global warming, the Earth will be facing a slow decrease in temperatures in 2012-2015. The gradually falling amounts of solar energy, expected to reach their bottom level by 2040, will inevitably lead to a deep freeze around 2055-2060," he said, adding that this period of global freeze will last some 50 years, after which the temperatures will go up ag

RIA Novosti - Russia - Russian academic says CO2 not to blame for global warming

Global warmed over Bullshit.....

Right now I figure global warming is simply a political agenda to harness capitalism. I'm not too crazy over the control the military-industrial complex has over the governments of the world, but threatening this control as the left is trying to do will only strenghthen their power. Soon all the corporations will be on the band wagon and figure a way to turn it to their advantage. Such as selling polution credits to one another. Governments will decide how much polution is acceptable(who decides that for them, do you think) and they pass the buck to tax payers through tax breaks. Left wing nuts will be happy, beuracrats, and corporate leaders make out like bandits. Oh yeah, you pay (lol). Here's a Phd climatologist, one with balls, who tells it like it is. Click on the link for the whole article.

Global Warming, as we think we know it, doesn't exist. And I am not the only one trying to make people open up their eyes and see the truth. But few listen, despite the fact that I was one of the first Canadian Ph.Ds. in Climatology and I have an extensive background in climatology, especially the reconstruction of past climates and the impact of climate change on human history and the human condition. Few listen, even though I have a Ph.D, (Doctor of Science) from the University of London, England and was a climatology professor at the University of Winnipeg. For some reason (actually for many), the World is not listening. Here is why.

Global Warming: The Cold, Hard Facts?

Couldn't say it better my self.....

It’s insane how we Americans are bent on regulating each others’ behavior. Witness seat belt laws (yes, you should drive with your seat belt on, but having cops pulling you over to enforce it?), drug laws, licensing laws, zoning laws, eminent domain abuses, blue laws, “free speech zones;” the list goes on ad nauseum. We think of ourselves as free, but we are simply the most regulated society in history. And we have more new rules, laws, and regulations pouring out of our legislatures and bureaucracies every year than any other country ever. We just can’t get over this uniquely American obsession of outlawing each other’s behavior—and fining or jailing those who don’t comply or conform.

The land of the unfree by John Silveira Issue #101

2 million mark on Pokerstars...

Took 3 months but I did it. I got bad beat stories to last at least til 3 million lol.

Patty's going to Tracy's house Monday so I'll probably be a bit lonely. Need to get up to Jeremy's place in Idaho to pick up my new utility trailer and get to work this summer.

Later

   

Couldn't say it better myself.......

Today’s climate scientists, like the scientists of old, are basing their alarmist conclusions and predictions on observation and a relatively poor knowledge of the factors that affect the Earth's climate. Temperatures are increasing, human industrialization and population are increasing; therefore human activity is causing temperatures to increase. Where are the experiments to test this hypothesis? We are assured that all of the papers on global warming are “peer reviewed,” and so their conclusions are valid. But were not heliocentrism, Phlogiston theory, and spontaneous generation, all subjected to their equivalent form of peer review? Worse, today’s climate scientists cite the very existence of consensus among them as proof of the validity of their ideas. That is not science, it is indoctrination. Science is skepticism. Those brave enough to buck the modern orthodoxy and test hypotheses contrary to the accepted view are doing the only true science in this field.

A Short History of Scientific Consensus | Redstate

technorati tags:global, warming

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We all know those Nigerian bank emails are scams. But I know the email I just got from a bank in Burkina Faso is going to make me rich. Here's how.

Digg - 7 Ways I can Tell this African Bank Email is for Real

Could you send him my email address? I want to get in the ground floor. I can spell Africa so I know I have a leg up on the rest of you suckers. Maybe I can buy a country or two and play army man. Wow I can't wait to here from these people. My address is HilaryClinton@hotmail.com. Please forward as soon as possible.Thank you