It only applies to 80,000, a mere drop in the bucket compared to the millions of mortgages about to reset. Plus, as Mish points out, seems designed to help lenders, not homeowners. Big surprise, eh?
| |||||
It’s getting so California heat waves hardly rates as news, except of course if you live there, like Sue and I used too, and blackouts happen. When it’s 109 and the power goes off and with it air conditioning and traffic lights, then things get unpleasant quickly. We’ve been in Tucson Arizona for a few days. Per capita income here is a low $29k. The economy is primarily based on providing homes and services for the retired. Some retirement projects have thousands of homes, all nicely managed and well-run, but most are dead set against allowing homeowners to install solar power. How [...] “The second uncomfortable message I have to put out to you tonight is that when it comes to dealing with a problem of this scale, small is no longer beautiful. We have to start thinking on the biggest possible terms….” PS Northwest passage open for first time ever. [...] From Joe Bageant, author of Deer Hunting With Jesus. He grew up redneck in Virginia. Only the deadest political ear could fail to hear class resentment in [country music] lyrics. Growing up in the poor white working class leaves you angry for life, even after you’ve become successful. But the time is growing very ripe [...] Maybe [Chairman of the Fed Bernanke] is seeing the light that capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.– James Grant, the editor of Grant’s Interest Rate Observer, in the NY Times If the Fed bails out collapsing investment banks and hedge funds but does [...] Listed Green – the MLS for green, sustainable, energy efficient homes and developments worldwide. They walk the talk too, the website is 100% solar powered. From the gifted pen of Jim Kuntsler Sooner or later, though, millions of shlubs dependent on pension checks, or annuities, or monthly payouts of one kind or another will notice that something has stopped landing in the mail box. Re-po men with bad haircuts and tattoos will be driving other peoples’ cars to the [...] That makes $21,000 so far in fines for putting up posters for the upcoming Sept. 15 antiwar march and rally in D.C. ANSWER has been putting up posters since before the war started, politicians do it all the time. So why the selective prosecution? The answer seems obvious enough. There is an effort underway by [...] |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments