Loc: Syracuse, NY
I see class warfare in our future. Between Santelli's call to action yesterday and now down right lawlessness by a group that receives our tax dollars to operate. The current administration has no clue. This welfare on steriods approach is going to back fire and it's going to be bloody.
""The mortgage went up $300 in one month," said Hanks, former homeowner.
She says the bank refused to modify her loan and foreclosed, kicking her out of the house in September.
The community group ACORN calls Hanks a victim of predatory lending.
"This is our house now," said Louis Beverly, ACORN."
That's nice. Perhaps the person didn't get their loan modified because, gasp, they don't qualify for a real loan.
Buy gold, stock up on non-perishables.
edit. I'm off today. Thinking of heading over to the Mercedes dealership, taking out a new SLK for a test drive and declaring “This is my car, now?” Not paying for it of course.
i haven't read the article you posted and i don't care about whatever it is that the right wing mouthpieces are whining about today. in fact, i stopped reading your post when i got to the welfare on steroids . . . it seems to me that unemployment is rising to the highest levels we've seen in long, long time. and in times when people aren't working and when jobs are not plenty, i would expect welfare rolls to increase. that's why it exists. you can't force people to get jobs that don't exist.
... down right lawlessness by a group that receives our tax dollars to operate. The current administration has no clue. This welfare on steriods approach is going to back fire and it's going to be bloody.
You're talking about the recipients of the TARP (1) funds?
Originally Posted By: mojo_jojo
I see class warfare in our future.
As you've previously stated, you conservatives are better shots. The Timothy McVeigh's of your movement are being whipped into a frenzy and certainly looks like violence might be likely ... thanks in part to hysterics like this piece you forwarded from Malkin, and Hannity on primetime 12 hours a week, and Beck and on and on.
Loc: Sunnyvale, CA mostly
Yeah, this is a great time for opportunists.
Modern capitalism, because of its formula (capital, convolution, specialization), kinda breaks down. During The Great Depression there was more supply than people thought, but you had mass of people starving next to inoperative warehouses stuffed with foodstuffs, because the distribution system had broken down.
So, naturally, in a depression, there are huge disconnects and these disconnects are as corrosive or moreso as the actual underlying fundamentals of the depression itself.
Banks won't have the resources to adequately police their massive foreclosure rolls, and so squatting is pretty feasible.
Banks have already been throwing a slumlord approach for several years already at their properties. In SoCal they drained the pools, turned off the automatic sprinklers, and spray painted the dead lawns green (spray painting lawns is a great growth business to be in right now ). Nothing grows (except the unpaid taxes), nothing to tend, green textured stuff - Voila, zero maintenance - Just walk away and forget about it until a miracle happens. Modernday ghost towns.
I think it makes more sense for banks to let people stay in their homes, to cartake them, as it is unwise to let their properties deteriorate or get vandalized, and can't afford the maintenance on them. These homes fall into a massive black hole outside federation control .
I know that in the Bay Area, that 2008's foreclosures are greater than the sum total of the previous ten years (and you probably thought that 2007 was bad!!! ), and the Bay Area's a lot more stable than SoCal.
Yeah, I need to buy a vineyard-winery (people drink more in depressions), vertically integrate and massively pre-cache supplies (including installing fuel tanks - the oil re-squeeze will be worse)
KrispyKreme is a fully vertically integrated company (but they've down downhill, operatively, since going public, largely due to corrupt accounting practices, shareholder value [slumlord approach, excessive capital milking approach to profit picture, etc - the same slumlord stuff for greater shareholder value and executive bonuses that tanked a lot of businesses], etc.
Still, KrispyKreme is very interesting in that vertical integration is contrary to the modern (and credible in its own right) multi-source supply credo, however I think a lot of those companies in times like this are wishing they were more vertically integrated, as they're at the mercy of suppliers that are tanking.
Beer's doable for vertical integration, too, with less fragile crops but more work (growing the grains, growing the hops, malting the grains, then at fermentation it's more similar to winemaking).
Let me pull a KM here. According to Hobbes, one cannot be compelled by any positive law to give up the natural right to self-preservation. So the person breaking positive law in order to preserve him or herself is obeying natural law and so can't be held culpable.
PS: I'm being tendentious here, KM . . . I know.
_________________________ MACTECHubi dolor ibi digitus
Loc: Syracuse, NY
"I think it makes more sense for banks to let people stay in their homes, to cartake them, as it is unwise to let their properties deteriorate or get vandalized, and can't afford the maintenance on them. These homes fall into a massive black hole outside federation control smile.
I don't necessarily disagree with the option. Distressed properties go downhill fast. From my perspective, you would have to get the trial lawyers to agree not to sue the property owners, banks, for any liability that could arise from the caretakers while caretaking. For that to occur, limits on liability cases would have to be passed as law. That will not happen in a democrat controlled legislature.
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