Day July 24, 2008

Novel solution to housing crisis

From Bill Gross, Managing Director of PIMCO, in his otherwise serious monthly report of the economy. Make no mistake, the current conundrum that must be solved is: how to make the price of 120 million U.S. barns [homes] stop going…

Sen. Lieberman seeks pardon for convicted terrorist

Is Liberman trying to out-do David Horowitz for the crown of looniest right winger? He now wants to pardon Eduardo Arocena, “the Federally-convicted leader of the Cuban-American terrorist group Omega 7”, the man who orchestrated bombings in and around NYC…

San Diego sues Bank of America

They want to make the city a “foreclosure sanctuary” and stop banks from foreclosing. If successful, the lawsuit should provide all manner of chaos, merriment, counter lawsuits, and unintended results.