Thursday, January 31, 2008

Choose to Lose: McCain

If you listen to FoxNews, you will get a feeling that the Republicans have already chosen McCain as their candidate. Fortunately, FoxNews is not the measure of truth. There is still a chance that the Republicans will not Choose To Lose the election by fielding McCain as the candidate of choice.

If McCain happens to get the nomination, I will at least have one more feather in my hat to prove that this election was handled behind the scenes by power brokers and promised to Hillary years ago. McCain will be the sure sign that the Republicans don't want to win, they just want to field a decent 2nd place finisher.
Posted by Blog Friend at 10:26 AM

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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?