Ace of Spades HQ

October 16, 2010

Saturday Morning Thread: Three Kings
— Monty

Riley B. (B.B.), Freddie, and Albert.

Here is why I'm singing the blues, children.

Dems on health care: You f'd up. You trusted us. So please trust us again.

The "robo-signing" mess shows every sign of going from bad to worse.

The Norks are still as crazy as shithouse rats.

Detroit, the punch-line to every "urban decay" joke since the 1970's, has $500 million to spend. So, what to do with it? Tear down some of the decaying, abandoned homes? Spruce up the neighborhoods that still have, you know, people living in them? Solve the crime problem (Detroit took the murder crown back from Baltimore)? The city government took a look at the array of problems facing the city and declared: "Gentlemen, what we need to solve all our problems is...light rail!" It's enough to make stones weep.

And finally, we have lost a true cultural icon recently. Manimal has crossed the Great Divide.

Damn right I got the blues.

Posted by: Monty at 04:37 AM | Comments (81)
Post contains 170 words, total size 3 kb.

1 The robo-signing scandal/crisis embryo will spawn a new game show. "Who Owns This House?!"

Posted by: eman at October 16, 2010 04:43 AM (Lwdmy)

2 Detroit needs a Time Machine. Go back to 1960 and run all the Liberals out on a rail.

Posted by: eman at October 16, 2010 04:47 AM (Lwdmy)

3 on a rail

Posted by: maverick muse at October 16, 2010 04:49 AM (H+LJc)

4 Monorail!

Posted by: nickless at October 16, 2010 04:49 AM (MMC8r)

5 I'm beyond caring about Michigan,California and New York.In my future dystopia they can all be "Forbidden Zones".

Posted by: steevy at October 16, 2010 04:49 AM (8vd/I)

6 steevy

designated cities, perhaps

Posted by: maverick muse at October 16, 2010 04:51 AM (H+LJc)

7 here's a good one:

Bill White, Houston's Mayor who designated his town an official sanctuary city, is now claiming on his governor campaign that he has always supported immigration law enforcement.

Posted by: maverick muse at October 16, 2010 04:53 AM (H+LJc)

8 6 True,mustn't throw out the good with the bad.

Posted by: steevy at October 16, 2010 04:55 AM (8vd/I)

9
R's Please keep playing the video of Nancy saying "we have to pass the bill to find out what's in it". Over & over.

It's not that the Health Care bill is a 2000+ page disaster filled with punitive tax increases and cost raising government AARP bonanzas - it's HOW the democrats passed it.

oh and - FuK YOU Besty Markey, Ed Pearlmutter, and JOhn Salazar. Really - FU.

Posted by: Lemon Kitten at October 16, 2010 05:02 AM (0fzsA)

10
and a giant FU to the baby-faced uber-fraud Michael Bennet (D-CO-Liar)

Posted by: Lemon Kitten at October 16, 2010 05:02 AM (0fzsA)

11 7 here's a good one:
Bill White, Houston's Mayor who designated his town an official sanctuary city, is now claiming on his governor campaign that he has always supported immigration law enforcement.
Posted by: maverick muse at October 16, 2010 08:53 AM (H+LJc)

Here's a better one:
When the GOP takes the House, they strip out all federal funding in appropriations bills for cities, counties, states and what have you that have designated themselves official sanctuaries for illegal immigrants.

Posted by: ya2daup at October 16, 2010 05:08 AM (yRrAd)

12 Pecos Perry was a good, but White's illegal pandering is Eleventy!1!!1!!1!

Posted by: dogfish at October 16, 2010 05:13 AM (MgiA6)

13 So.. wouldn't banks be better off at this point to renegotiate loans on those that could pay lower interest rates with a smaller principal? Especially those loans they know have sketchy paperwork issues?

Posted by: ChiTown Jerry at October 16, 2010 05:15 AM (Do528)

14 I live in Metro-Detroit and if the light rail provided non stop service to the center of Detroit where most of the police are it might work but no one from the suburbs is going to ride it if it makes stop all the way into the city unless it has 24hour armed police on it. Most people not living in the city dislike traveling past 8mile during the day because of how unsafe and dangerous it is almost no one sane would do it past dark.

Detroit had large section that are just full of crack houses, drugs, and criminals it's insanely unsafe and it's negative influence is spreading north as the local regional economy slows even more. If Deroit wasn't burdened with corrupt leadership that all want pie int he sky dreams of the past some stuff might get done but sadly most of the citizens of Detroit are so badly educated you could sell them prancing unicorns and flying pigs and they would believe you.

The best Detroit could do is seize and plow under dozens of entire city blocks and replace it with safer open land. Cities on the east cost of no problem using eminent domain to take land to build condos and hotels why can't Detroit do it to make everyone a little bit safer and save money. If there no houses there no need to maintain the roads or provide public services after all.

Posted by: Bill at October 16, 2010 05:16 AM (tk1mw)

15 Good Morning Monty;

Yeah, these liars are running away from their records and their Party as fast as they can. Bwarny Fwank spent the entire debate yesterday lying (constantly) about his record on F&F and CRA. We have gone past the "big lie". Hell, even Stalin would not have dreamed of lies as outrageous as our modern commies. Of course, his elections only had one name on the ballot. I suspect our modern commies would love that as well.

Posted by: Vic at October 16, 2010 05:17 AM (/jbAw)

16 The currency war is heating up. Money quote: "Little wonder that Jamie Dimon, CEO of J.P. Morgan Chase, reports that Â“An overwhelming majorityÂ” of big-company corporate chiefs Â“believes the potential of devastating economic loss Â… is at an all-time high.Â” Baby, how blue can you get?

Posted by: Monty at October 16, 2010 05:18 AM (o2hlb)

upcrawling cavernsdeep placesecret Spooky safejoy visiongood manymultiple Detroit ruinshouses makegive lurkhaunt easysimple hideyhole Spooky happyready sooncomes Halloween nowdissolve -30-

Posted by: Spooky at October 16, 2010 05:19 AM (wN82N)

18 ere's a better one:
When the GOP takes the House, they strip out all federal funding in appropriations bills for cities, counties, states and what have you that have designated themselves official sanctuaries for illegal immigrants.

Posted by: ya2daup at October 16, 2010 09:08 AM (yRrAd)

Here's an EVEN better one

Here's a better one:

When the GOP takes the House, they strip out all federal funding in appropriations bills for cities, counties, states and what have you that have designated themselves official sanctuaries for illegal immigrants.

Posted by: ya2daup at October 16, 2010 09:08 AM (yRrAd)

Posted by: Vic at October 16, 2010 05:20 AM (/jbAw)

19 Number 13...Man that is a good idea. And then after the re-re negotiations, and they still don't pay their mortgages, and after still more federal intervention, and they don't pay, because they are living rent free, then maybe we can throw their worthless ass's out. Would it be time then? Jeesus, you dumbass

Posted by: JDC from Las Vegas at October 16, 2010 05:23 AM (lPu+Z)

20 On the Mortgage fiasco that guy on Fox had it pegged yesterday when he told the redheaded babe that this was going to be a major disaster. Despite the fact that she tried to push him top blame the evil banks, he laid it on the government and the fed.

Posted by: Vic at October 16, 2010 05:23 AM (/jbAw)

21 Are shithouse rats crazy? The last time I was in a shithouse all I saw was flies and none of them spoke to me.

Posted by: Vic at October 16, 2010 05:25 AM (/jbAw)

22 As for Detroit, as long as we the taxpayers of the country are funneling money there it will NEVER get any better. The "black liberation" politicians who run the urban areas now are blatant about their corruption and thievery because they know no white politician will ever call for their prosecution. They have been so successful playing the "race" card they no longer even care.

The way to fix Detroit is to cut ALL State and Federal funding for everything in the city and allow it to completely collapse. After that you can start over in a three step process.

1. The Feds declare it a territory and remove ALL State jurisdiction.

2. Bulldose EVERYTHING to the ground and bury it.

3. Build an Army fort there completely surrounded by high walls. Name it Fort Detroit.

4. Establish patrols in the area to protect entrepreneurs who are willing to risk their lives to grow crops or trap animals for fur.

Sound familiar?

Posted by: Vic at October 16, 2010 05:33 AM (/jbAw)

CONGRATULATIONS! YOU HAVE A SUPREME COURT VACANCY. WHO DO YOU WANT TO APPOINT?

>WISE LATINA

YOU SEEM TO BE HAVING PROBLEMS. DO YOU WANT TO SET PRIORITIES?

ENTER TOP PRIORITIES SEPARATED BY COMMAS.

>HEALTH CARE, CHILDHOOD OBESITY, ECONOMY, GAS MILEAGE, GITMO, JOBS, CONSTRUCTION SIGNS, LIGHT RAIL, MUSLIM SELF ESTEEM, GOLF HANDICAP, WAR

Posted by: dagny at October 16, 2010 05:35 AM (9FYR7)

24 Ummm.. hey, asshole. First off I said this would be for those that could pay.

I also said for those loans that the banks know have crappy paperwork. Some paperwork is so bad, and so illegal, the house might go to the current owner for free.

Posted by: ChiTown Jerry at October 16, 2010 05:38 AM (Do528)

25 And finally Monty on the blues note, I haven't watched the Crossroads movie yet but I have listened to the new disk I got in the same order. You would love this disk:

http://tinyurl.com/344qzyh

I have a 5 star review of it included with the link.

Posted by: Vic at October 16, 2010 05:38 AM (/jbAw)

26 DC's metro was actually a thing of beauty and safty. Then they opened the "purple line". What was so cool about that was that the purple line gave the bad guys a way to get to all the other parts of the city easily! So where you used to have an upscale mall in Va near the Pentagon, now you have an upscale mall in Va near the Pentagon with an open passage to the bowels of Anacostia! Makes the whole area have that extra je ne sais quoi for sport.

Posted by: dagny at October 16, 2010 05:41 AM (9FYR7)

27 Despite the fact that she tried to push him top blame the evil banks, he laid it on the government and the fed. I dunno, Vic. There was a lot of fuckery going on at the banks. A lot. This wasn't just a little "the proper paperwork wasn't filed" kind of thing. This is a situation where in many cases, legal transfer of title was not accomplished because either a notary wasn't present, or the principals signed the note without having the details filled in (like signing a blank check). Fannie and Feddie are of course at the center of things -- how could they not be, owning as they do such a large portion of the mortgages? But the main villains here seem to be the servicers and securitization firms. Here's the biggest problem. Let's say you own a chunk of some RMBS (Residential Mortgage Backed Security). You invested a certain amount in the shares, and get a certain return, based on the risk of the security. Right? But all of a sudden, this RMBS may not be attached to any actual collateral, because the underlying mortgage never actually legally changed hands! Therefore, your RMBS is actually just unsecured debt -- but you're not getting compensated for the risk you (unknowingly) took on. Also, the servicing companies are being paid cash they are not legally entitled to (since they don't legally own the mortgage, see?). It goes on and on like that. Banks are going to sue everybody, the servicing companies are going to sue everybody, the securitizers (investment banks) are going to sue everybody, and investors and home-owners are going to sue everybody. And in the meantime all that foreclosed property is just going to sit there, stinking up the balance-sheets of the banks. This is a lot worse than many people think it is. It could be another Lehman-style trigger for catastrophe. Systemic risk and counterparty risk -- our financial system is rotten with it.

Posted by: Monty at October 16, 2010 05:45 AM (o2hlb)

28 23 Posted by: dagny at October 16, 2010 09:35 AM (9FYR7)

I SEE NO PRESIDENT HERE

Posted by: ya2daup at October 16, 2010 05:45 AM (yRrAd)

29 "Who Owns This House?!"

WHO.....OWNS....THIS....HOUSE?

And here's your host, Barack Obama!

Posted by: ParisParamus at October 16, 2010 05:49 AM (GGjFD)

30 Therefore, your RMBS is actually just unsecured debt -- but you're not getting compensated for the risk you (unknowingly) took on. Actually, it's worse than that because legally, the securitizers never had the authority to securitize and sell you that RMBS in the first place (since the entity "owning" the mortgages didn't actually, you know, own them). The only short-term "fix" for this hairball would be for the government to step in and by fiat change the terms of all those contracts -- declare some null and void, and others valid. This would trample all over contract law (even more than they've already done), but the only alternative is to let the various cases wend their slow and tortuous way through the court system.

Posted by: Monty at October 16, 2010 05:49 AM (o2hlb)

31 The Detroit rail proposal has been coupled to a local idea for a transit center in the Northern suburbs - for 50 million dollars - that will serve bus and rail.

This has been pushed by Gary Peters, a first-term Dem congressman sucked in with the '08 wave and supporter of all things Obama. This guy needs to go.

Almost nobody uses bus or rail to go to work in Detroit because there are many fewer jobs left in Detroit.

Teenagers and others however, are apparently in the habit of using the bus to go to Detroit to buy drugs, so if they get caught they won't lose their car. Others will find it convenient to get to the suburbs for muggings, robberies, etc.

We call it the "Criminal Express."

Posted by: Robert at October 16, 2010 05:51 AM (cd6Ip)

32 (BO because Jack Narz was not available...)

Posted by: ParisParamus at October 16, 2010 05:51 AM (gMzAL)

33 I dunno, Vic. There was a lot of fuckery going on at the banks. A lot. This wasn't just a little "the proper paperwork wasn't filed" kind of thing. This is a situation where in many cases, legal transfer of title was not accomplished because either a notary wasn't present, or the principals signed the note without having the details filled in (like signing a blank check).

Oh I don't disagree. This was an author saying the government was largely to blame. Before I would make a final judgment it would be nice to know why the banks had all these problems transferring mortgages.

It may be that the whole CRA/F&F mess made it inevitable. And that is the key to the whole thing. What would be damn nice would be to have a panel of experts, not involved with the government in any fashion, who have been trained in Root Cause Analysis do an investigation.

Give them subpoena power and the ability to administer oaths and affirmation and have THEM conduct an investigation of the whole mess.

Of course, that will never happen because people like Piss Dodd and Bwarney Fwank would own 99.9% of the mess.

Anyway, off for the morning walk. Back later

Posted by: Vic at October 16, 2010 05:52 AM (/jbAw)

34 "1. The Feds declare it a territory and remove ALL State jurisdiction."

The feds couldn't do that unilaterally. However, Michigan could revoke the city's municipal charter and then (probably) retrocede the area back to the feds, since the whole state used to be federal territory. This requires a GOP Michigan governor and state legislature, but I assume we're on track to that in November.

It's sort of like, in reverse, how the "problem" of DC statehood could be addressed by most of the District being retroceded to Maryland, though Maryland doesn't want it. Remember that Alexandria was part of DC for several decades before it went back to Virginia.

Posted by: Dave J. at October 16, 2010 05:53 AM (DCQ0q)

35 The only short-term "fix" for this hairball would be for the government to step in and by fiat change the terms of all those contracts -- declare some null and void, and others valid. This would trample all over contract law (even more than they've already done), but the only alternative is to let the various cases wend their slow and tortuous way through the court system.

Looks like Rahm will be recalled to Czar over a new, exciting, promising crisis!

Posted by: ParisParamus at October 16, 2010 05:53 AM (gMzAL)

36 What would be the basis for renegotiating a mortgage? Who are the parties involved in the original contract(s)? Who really owns what and at what level of risk? This is a cluster fuck smothered in rim job sauce.

Posted by: eman at October 16, 2010 05:56 AM (Lwdmy)

37 7 here's a good one:

Bill White, Houston's Mayor who designated his town an official sanctuary city, is now claiming on his governor campaign that he has always supported immigration law enforcement.

You don't know how frustrating it is living in Houston, knowing his view on illegals when he was Mayor, listening to him now claiming his support for "federal immigration laws." The instant he won the primary, he immediately turned into a conservative demonrat. Gald that Perry has finally ben hitting him on his spending habits as Mayor.

Posted by: opus at October 16, 2010 05:57 AM (IebeI)

38 eman: You know what else is great? Some of the counterparites involved in these transactions no longer exist. They went tits up in the 2008 meltdown. They're gone. The paperwork is gone. The computer records are gone. Fun times, man. Fun times.

Posted by: Monty at October 16, 2010 06:00 AM (o2hlb)

39 ...
It goes on and on like that. Banks are going to sue everybody, the servicing companies are going to sue everybody, the securitizers (investment banks) are going to sue everybody, and investors and home-owners are going to sue everybody.

And then the lawyers take over and soon thereafter retire to their private tropical island paradises. But, before they retire, they're able to put two or more generations of lawyers through school.

Time to buy some tropical island paradise futures (or maybe get out of Dodge).

Posted by: NM Hick at October 16, 2010 06:00 AM (IzuWw)

40 How much of the wealth in the world is real? How much is bullshit in plastic buckets?

Posted by: eman at October 16, 2010 06:05 AM (Lwdmy)

41

This is a lot worse than many people think it is. It could be another Lehman-style trigger for catastrophe. Systemic risk and counterparty risk -- our financial system is rotten with it.

Posted by: Monty at October 16, 2010 09:45 AM (o2hlb)

But the bottom line is all of these complex financial instruments and deals would never have existed if there wasn't CRA induced risk. CRA and Fannie Mae are at the very core of the problem. Lots of banks may have played fast and loose, but the rules of the game made that inevitable.

Posted by: Ed Anger at October 16, 2010 06:07 AM (7+pP9)

42 Manimal, huh? About a guy with the power to change himself into animal he wanted to, using his abilities to help police investigate crimes.

Wasn't that a ripoff of Space: 1999, that had the character Maya with the same sort of powers? She was also, incidentally, one hawt chick - of the human variety.

Posted by: CoolCzech at October 16, 2010 06:07 AM (tJjm/)

43 How much is bullshit in plastic buckets?

Now that right there is the smell of money!

Posted by: Cattle Rancher at October 16, 2010 06:07 AM (IzuWw)

44 "And then the lawyers take over and soon thereafter retire to their private tropical island paradises."

It's been pointed out elsewhere that the bankruptcy bar is a priesthood-within-a-priesthood of the legal profession. It's a complete alien language and universe even to most attorneys. And they're ones who really take over and retire to the tropical island paradises here: reason being, once of the parties involved petitions for bankruptcy to stay and "escape" from what they think is bad in state court, that party can't even pay its own legal bills without approval of its secured creditors and/or the bankruptcy court. Forget the idea that the bankruptcy petitioner has anything like a normal attorney-client relationship where it's even nominally in control.

Posted by: Dave J. at October 16, 2010 06:09 AM (DCQ0q)

45 Single Payer HouseCare!

Posted by: eman at October 16, 2010 06:11 AM (Lwdmy)

46 But the bottom line is all of these complex financial instruments and deals would never have existed if there wasn't CRA induced risk. CRA and Fannie Mae are at the very core of the problem. Lots of banks may have played fast and loose, but the rules of the game made that inevitable.

I think it was more of a perfect storm. Alan Greenspan provided some help in the form of easy money. That money needed a new place to go after the dot com bubble burst. The RMBSs won the competition for those dollars.

Posted by: NM Hick at October 16, 2010 06:14 AM (IzuWw)

47 At the bottom of the mortgage mess, there is one fact: there are a helluva lot of people out there who can't afford the houses they live in. Some are underwater because they have fallen victim to the Osama Obama Economic Miracle.

But others simply bit off more than they could chew. They did it the same way they'd lay down money at a roulette wheel: they were betting that an unlikely miracle would carry them through.

In a sense, it doesn't matter who they should be paying (but aren't). The debt exists, and in many cases all the fuss about gubmint bailouts and straightening out the paper trail ends up rewarding bad behavior. Find out who these people owe, and they still are in debt.

So we have bad practices, greed and stupidity on both sides of this table. Either way, they people who who tried to game the system and can't perform need to take their lumps.

Posted by: MrScribbler at October 16, 2010 06:19 AM (Ulu3i)

48 Three Kings - now THAT is what I am talkin about. Oh, and my husband wants 'Key to the Highway' played at his funeral. How I love that man.

Posted by: MDH3 at October 16, 2010 06:28 AM (ynM5P)

49 Posted by: CDR M at October 16, 2010 10:26 AM

Agreed, totally.

I guess my point (it's too early to do anything difficult, like "thinking") is that I see the regime and the MFM trying to deflect attention from the irresponsibility of people who bought houses knowing they couldn't afford them without a winning lotto ticket or some kind of unearned outside intervention on their behalf.

It's too easy to blame eeeeevil Big Business (the banks) in tot, and forget the roles played by the house-buyers themselves and the crooked bestids in Congress who allowed and encouraged stupid behavior.

All sides in this mess had their hands in the cookie jar. As far as I'm concerned, they all need to eat shit.

Posted by: MrScribbler at October 16, 2010 06:32 AM (Ulu3i)

50 #51 It's too easy to blame eeeeevil Big Business (the banks) in tot...

Obviously, in toto (see how erudite I am?).

_{Told you it was too early to think.}

Posted by: MrScribbler at October 16, 2010 06:34 AM (Ulu3i)

Ahh, yes. The Blues for breakfast. Now that's what I'm talking about.

Mornin' M&M's.

Posted by: BackwardsBoy at October 16, 2010 06:42 AM (3jxR/)

52 Sorry, but at some point you are accountable for your actions and decisions in life.

Oh no, we can't have that! That runs counter to everything we stand for.

Posted by: Democrat Party at October 16, 2010 06:43 AM (IzuWw)

53 The problem with robo-signing isn't the homebuyers. It's the transfer of title from the originator to the servicer, and then to the packager/securitizer. The homeowner may indeed be in default and be legally liable to be foreclosed upon; that's not the issue. The question is: who is legally authorized to foreclose? Who owns the title? In many cases, it's not a simple question -- and if you're a bank and you try to foreclose on a home you don't legally own, that's a big legal problem right there. It's also a huge problem if you've bought a foreclosed property, or if you're the title insurance company. Believe me, this is a huge hairball. It's not just a question of some homebuyer not reading the fine print.

Posted by: Monty at October 16, 2010 06:51 AM (o2hlb)

54 I'm beyond caring about Michigan,California and New York.In my future dystopia they can all be "Forbidden Zones". Posted by: steevy You're ready to just give up on three of the most beautiful areas of our country? You're that much of a quitter? weak.

Posted by: Terry at October 16, 2010 07:03 AM (CwmIq)

55 28 23 Posted by: dagny at October 16, 2010 09:35 AM (9FYR7)

I SEE NO PRESIDENT HERE

Posted by: ya2daup at October 16, 2010 09:45 AM (yRrAd)

I SEE DEMOCRATS

Posted by: dagny at October 16, 2010 07:09 AM (9FYR7)

56 Say, was I in here last night, and did I spend a twenty dollar bill?

Posted by: BeckoningChasm at October 16, 2010 07:17 AM (bvfVF)

@53 cotton prices have hit a 140 year high.

Other than Pratt & Whitney (oh yes, it was that Whitney)...

Who benefits from this? _{Raa-a-acist...}

Posted by: comatus at October 16, 2010 07:17 AM (hrwMe)

58 The democrats are going to really win? Why?

These polls under estimates the democrat vote because they don't include all our cell phone hippie voters!

Really we're going to win!

http://tinyurl.com/22ogekr

Posted by: DNCC at October 16, 2010 07:18 AM (AQxTm)

59 Honestly, aren't all these questions about robo-signed affadavits as opposed to the underlying mortgage note just as nutty as those folks who won't accept a COLB in place of the long form birth certificate?

Posted by: Jake Tapper at October 16, 2010 07:27 AM (Ew1k4)

60 I posted this link on the wrong thread. Our Obama's DoJ continues to screw the pooch: http://tinyurl.com/2dpvs24

Posted by: Museisluse at October 16, 2010 07:29 AM (DTfXb)

61 To visualise the mortgage/foreclosure mess, try this. You own 12 cows, six brown ones and six black and white ones. You sell them to the butcher who turns them in to sausage. The butcher pays you some of the money for the cows, but not all. Now you want your brown cows back.

Posted by: rawmuse at October 16, 2010 07:31 AM (r5oVM)

62 I don't think anyone has said "Hey Detroit, you have five hundred million to spend.... whaddya want???" and the people jumped up and said "Light rail!" In fact, it is national and local liberals who push this crap. When Detroit could use help in other areas they get these pet projects. Metro Detroit has had a net decrease in traffic. Commutes are easier now than they have been because less people work. I saw someone locally suggest that Ann Arbor to Detroit light rail would be exciting for our area. There is already AA to Detroit Amtrak for like $16 and NOBODY rides it. But hey, once the city is turned into micro-farms and it has a street car line, all of the economic activity generated by the big three will be offset or something.

Posted by: DM! at October 16, 2010 07:38 AM (O0Qwy)

63 Obscure reference for Detroit lite-rail idea, Simpsons did it:

youtube: AEZjzsnPhnw

Posted by: ray at October 16, 2010 07:42 AM (xeICs)

64 The chick in the Detroit video felt compelled to mention her Master's Degree in Urban Pillaging. Want decent cities? Mix: Low taxes. No Liberals. Stir until smooth.

Posted by: eman at October 16, 2010 07:46 AM (Lwdmy)

65 $500 million could buy a lot of bulldozers. National Guard is free.

Posted by: Cincinnatus at October 16, 2010 08:13 AM (w45MW)

66 Detroit is a craphole. The west side of the state is a whole 'nother story and we would happily secede from the sinkhole known as Detroit.

Posted by: NotAMolly at October 16, 2010 08:34 AM (ADJFU)

67 A question for the east coast morons, which city would you rate as the worst, most corrupt, crime-infested shithole?

a) Baltimore
b) Detroit
c) Philadelphia
d) Newark

show your work.

Posted by: OregonMuse at October 16, 2010 08:41 AM (Id5+U)

68 Most corrupt - Detroit based on everyone going to jail
Most crime - Detroit 4th highest in nation (Baltimore 13, Phili 21, Newark 29)

http://tinyurl.com/ykfwpdz

Posted by: Vic at October 16, 2010 08:54 AM (/jbAw)

69 Note, there are three bigger shit holes than Detroit though.

Posted by: Vic at October 16, 2010 08:59 AM (/jbAw)

70 Want decent cities?

Mix:

Low taxes. No Liberals. Stir until smooth.

Posted by: eman at October 16, 2010 11:46 AM (Lwdmy)

My theory of city "shittyfication" shows that you can't have that. Once a city grows to a population larger than 30K the liberals begin to take over. Once that happens the taxes go up for the businesses, home owners, and working people. They then move out leaving the leaches and the liberals who feed off of them. That accelerates the slide.

IOW you can not have a "decent" city over 30K.

Posted by: Vic at October 16, 2010 09:03 AM (/jbAw)

71 How does this all end? Will the owner end up being the U.S.A. by fiat? Will USA rent and/or evict current occupants? Will MBAs be dissolved and outlawed? I hope everybody had mortgage documentation insurance, underwritten by the Tooth Fairy

Posted by: Duhgee at October 16, 2010 09:29 AM (7Tc5G)

72 Simpsons did it:
Posted by: ray at October 16, 2010 11:42 AM (xeICs)

A South park reference to a Simpsons reference?

Man, that's what I was going to post. Guess I'll just be going for ice-cream or something. Anyone need a juice-box; clearly I'm not pulling my weight around here.

Posted by: Gekkobear at October 16, 2010 10:16 AM (OAJ4q)

73 The folks who run the city want a better way to get to sporting events?

Posted by: Doc Merlin at October 16, 2010 10:47 AM (MIaPf)

74 What thread are people posting on if not the sports one? I posted a couple of things in Laura's thread, which I don't dare put in the sports thread. I wonder if monty can throw up a headlines thread or soemthing for this kind of stuff or if someone can point me to the thread everyone is posting to. TIA

Posted by: curious at October 16, 2010 10:59 AM (p302b)

75 Albert King was the man.
Simon MacCorkindale was the manimal.

Hell of a link Monty.

Posted by: cbullitt at October 16, 2010 11:15 AM (ljqbZ)

Re: Robosigning mess

Sounds a lot like when the OJ Simpson defense team "successfully" put the LAPD on trial instead of OJ being convicted for an obvious double murder...Default laws are specific state to state...Essentially, when you stop paying your mortgage the bank moves to take your collateral which was pledged as security for the loan...These lawyers intend to focus on the "if the glove dont fit you must acquit scenario." The rest of us will pay the costs for deadbeat homeowners and their high priced lawyers...

Posted by: Nozzle at October 16, 2010 12:03 PM (sE08M)

77 RE: Dems on health care: You f'd up. You trusted us. So please trust us again.

My daughter is 20 and had never seen Animal House. We rented it from Netflix and saw it Thursday. As soon as I heard that line I thought of the Dems, not just on health care, but the Stimulus Package and so many other things.
Well,we didn't vote for the Bamer, but a lot of folks gotta be feelin' like Flounder about now.

Posted by: kraki at October 16, 2010 12:34 PM (B58lb)

78 Well hey, there's nothing on earth like a genuine, bona fide, electrified six-car monorail.

Posted by: Tully at October 16, 2010 01:17 PM (dhKXL)

79 That dood playing "Manimal" was married to Susan George. Who has piccies on the webs that are ...ONT-worthy. (and NSFW)

Posted by: K~Bob at October 16, 2010 03:57 PM (9b6FB)

Some of the counterparites involved in these transactions no longer exist. They went tits up in the 2008 meltdown. They're gone. The paperwork is gone. The computer records are gone.

I was with you until here. There just isn't any such thing as non-existent records on Wall Street. It could never happen without somebody going to jail. Doesn't matter if the underwriter burned to the ground.

Posted by: spongeworthy at October 16, 2010 04:28 PM (rplL3)

81 www.sneakers-trade.com

Posted by: low price air jordans at March 09, 2011 10:02 PM (51bfE)

Hide Comments | Add Comment | Refresh | Top

Comments are disabled. Post is locked.

119kb generated in CPU 0.055, elapsed 0.2288 seconds.
64 queries taking 0.2017 seconds, 209 records returned.
Powered by Minx 1.1.6c-pink.