Well, they did call them "High Risk" Loans…

Seems that the people that defaulted on their mortgages, have defaulted again, even after all this aid that has been tossed around. So reports Reuters:

Recent data suggests that many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday.

“The results, I confess, were somewhat surprising, and not in a good way,” said John Dugan, head of the U.S. Office of the Comptroller of the Currency, in prepared remarks for a U.S. housing forum.

“Put simply, it shows that over half of mortgage modifications seemed not to be working after six months,” he said.

Dugan said based on data collected from some of the biggest U.S. institutions, like Bank of America, Citibank and JPMorgan Chase, home foreclosure starts fell 2.6 percent in the three months ended in September.

However, data which is to be issued by the OCC and the Office of Thrift Supervision (OTS) next week could throw cold water on a push by some U.S. policymakers for loan modifications as the key remedy for the ailing U.S. financial and economic crisis.

Dugan said recent data showed that after three months, nearly 36 percent of borrowers who received restructured mortgages in the first quarter re-defaulted.

The rate of re-default jumped to about 53 percent after six months and 58 percent after eight months, Dugan said, without providing an explanation for the trend.

Regulators speaking at an OTS-housing forum did not provide any explanations for the causes behind the data.

“We don’t know the answers yet, but these are the types of questions that we have begun asking our servicers in detail,” Dugan said.

Sheila Bair, chairman of the Federal Deposit Insurance Corp, who has been pushing for fast and systematic loan modifications, said regulators need to examine re-default data more closely.

“I think it’s very important to look at this data carefully and know what it says and what it doesn’t say,” Bair said.

Dugan said the third-quarter report will show many of the same disturbing trends as other recent mortgage reports, as credit quality continued to decline across the board and delinquencies rose for subprime, alt-A and prime mortgages.

He said the report will also show that the greatest delinquencies were in prime mortgages.

I can tell you exactly what the answer is. You do not hand out mortgages to people that you know damned well that they cannot pay for them. That is the answer!  This is why the Country, The Big Three and Wall Street are in the mess that they are in now, in the first place. Because fucking Bill Clinton and his team of morons decided to FORCE lending companies to gives loans to HIGH RISK persons, and they’re called that for a reason, they’re known not to pay their bills!

High Risk is called High Risk for a reason! Duh! Man, I could have told them that and I am a High School Drop out with A.D.H.D. 🙄

“Clue needed on Asle 5, Clue needed on Asle 5 Please.”

(Thanks Q & O)

Good Time for a Missile Strike!

Video: (Via Breit Bart)

AP has the Details.

If you have a problem with what I just wrote. I encourage you to take a look at the ISLAM section of my Bookstore. Especially this title HERE. Perhaps you should also check out the section on 9/11. Maybe you’ll have a dfferent view after you buy some books telling of the horrible carnage and death that took place that fateful day. Yet, we have bastard Liberals, like “The One” who want to try and talk with these monsters. Perhaps it is because he’s one of them.

So, Bush, you’re already the lame duck, you know where most of the money came from anyhow. Why not just authorize a missile strike and wipe out all of ISLAM in one great swoop? A missile attack, and the President’s outlawing the Pratice of Islam in this Country, would be the ultimate act of justice to all of those who died on September 11, 2001.

NYT's Timothy Egan takes Joe Wurzelbacher to the woodshed

First off, let me just say that I agree with the premise of this article.   However, the way it was written and tone of the article, comes off sounding very high brow and elitist sounding.   I am, of course, referring to the article written by NYT guest columnist Timothy Egan, who’s filling in for Moreen Dowd.    I was going to quote some of that here. But I think I’ll just let you click the link on his name there and let you go read what was written. Here is my take on what was written:

While some of what was said was actually factually correct, Joe was not a licensed Journeyman Plumber in Ohio. He was, in fact, an apprentice. He never intended to buy the shop he worked for, because it was not even for sale.   The information about the supposed tax violations, even if all that is true. How this information was gained, is what burns me. How is it, that the Liberals who have been whining and crying about the FISA Bill, are all too eager to dig up information about someone who happened to challenge Barack Obama on one of his polices.

In fact, I will make a direct accusation on this Blog. I believe, personally, that Barack Hussein Obama personally asked that political operatives within the Democratic Party, working in Governmental positions in Ohio to dig up information on “Joe The Plumber” in order to discredit him.  I realize that this can never be proven, because nobody within the Democratic Party is going to go against “The One”.

So, the next time, some idiotic Liberal tries to tell you about Nixon and how evil he was, just tell them, Barack Obama did basically the same thing. Only difference is, he did not get caught.

Others: NewsBusters.org, Tim Blair and Flopping Aces

Alfonzo on The "Declaration of Dependence"

An Excellent Video:

Now, towards of the end of this. He gets off into the weeds about the Unions. I’ll give him a pass on it. Because some of the stuff he says, I kind agree with. But he went overboard with the “They should gotten out from under them years ago…” I disgree with that crap. But the rest of the video is right on point.

Of course, if I was a real butt hole, I could say if it weren’t for the Democrats, his black ass would not have half the freedom that he has now. But to counter that, If it were not for Abe Lincoln, he would be still in chains. So, it evens out. 😀

Still I wish there were more black people, like Zo here who believed this way. But unfortunately most of them got sucked into that stupid socialist identity politics crap. Thanks to tools like Al Sharpton and Jesse Jackson.

Good show Zo, as always man. 😀

Editorial: A Look Back and a Look Ahead

The last time that one of these wonderful little editorials was written; in any sort of earnest, Hillary Clinton and Barack Obama were still trying to convince the rest of the country that one of them would make the best candidate for President of the United States of America.  John McCain was just being realized as a serious candidate and the Presidential race seemed like it was most likely going to last for the rest of my adult life.

Since that time, after one too many weeks of her carrying out a President campaign that was chalk full of many an error of comedic proportion; and after being told that waiting around for your opponent to be assassinated was just outrageously morbid.  Hillary Clinton; finally, did the World, the Democratic Party, The Feminist Movement, and anyone else you want to add to that list; a huge favor and dropped out of the Presidential race.  However, Hillary did this after ripping a gigantic gulf size hole, the size of the Grand Canyon between the Democratic Party faction lines.  Heck, as it is now, a Liberal Feminist Lesbian and an African-American cannot walk down the street in New York City without snarling at one another.  How is that for Hope and Change?

Once Hillary did finally get it through the miles of granite between her ears, that the American people wanted Obama, and not her —- she finally stepped aside.  However, not before doing a little dog and pony show with Obama.  I mean, the woman does have an ego; they had to make her feel good, one last time.

At this point is when the real action started, John McCain was anointed the golden boy of his Party, and that is when the bare-knuckle brawl between McCain and Obama and their many surrogates began.  There was a point when this writer was not sure what was worse, the race baiting of the Obama surrogates or some of the more moronic racism of the surrogates of McCain.

One of the biggest tragedies of this Presidential race was that the contenders of Barack Obama made some of the same silly mistakes, McCain and Hillary made the same misfires, miscalculations, and bad decisions.  This proves quite a few things.  One it proves that a Caucasian cannot effectively run against an African-American Candidate.  The reason is the “race card” issue, when cornered on his lack of experience; Obama’s surrogates would play that card and play it quite effectively.  This would cause a misfire by the other campaign and for the other campaign to be looked upon as racist.  This is what happened in Hillary Clinton and John McCain’s campaigns both; and they both made the same dreadfully awful mistakes.

However, I would committing a crime of epic proportions, if I did not acknowledge the fact that the Republican Party and those controlling John McCain’s campaign made some horrifically awful mistakes.  The Republican Party and John McCain’s campaign both tried to paint Obama as a terrorist by proxy.  The sick part is that they learned it from Hillary’s Campaign.  The very worst thing that Obama did was sit on a board with a man, who committed criminal acts; that were done in opposition to the Vietnam War.  These acts, horrific as they were, happened when Obama was all of eight years old.  How could anyone, who has a sane rational mind; want to try to subjugate a man to that sort of scrutiny over something he had no control over?

Barack Obama’s Pastor though was another matter entirely, this author does not entirely believe Obama’s claim that he did not ever hear his Pastor, say incendiary comments from the pulpit.  Obama might have heard the sermons and chose to ignore the content that he found offensive, which is an entirely plausible scenario.  It did however; bring up some very harsh differences between the White and Black cultures, sometimes to an uncomfortable and unsettling pitch at times.

The amazing thing was that; as much as I disagree with a great deal of his political ideologies, Obama handled all of the distractions and the controversies —- I refer to the man himself, not his tag-along followers; with a great deal of grace.  Obama did not run your “A typical” African-American campaign.  Obama ran a campaign like a very intelligent Harvard Graduate would run a campaign.  Obama’s campaign was not about the; whether real or imagined —- “Struggle.”

….and so, the election happened.  There was this release of an overwhelming feeling of, “Finally, it’s over.”  Obama Won.  The Republican Party got a lesson of how just how smart America really is, despite their attempts to paint Americans as complete idiots.  John McCain went back to the senate, Obama is now picking staff, Hillary, rewarded for her hard work, and maybe the Dog and Pony Shows, will be the new Secretary of State. Yeah, she is getting Condi’s old job.  As they say, keep your friends close and your enemies closer.

Bloggers and pundits —-Liberal and Conservative alike are now facing a very daunting task and that is, trying to figure out, what happens now? At the risk of sounding like Arlo Guthrie — I mean, most pundits and we Bloggers made it our life’s daily chore to analyze the Election.  I mean, Liberal Bloggers made it their life’s work to mock, and generally hate George W. Bush.  I mean…Now what?

I know what this author will do.  First, like many Americas who lived through the Bush era, I will happily put the past 8 years behind me.  I will, as someone who voted for Bob Barr, praise Obama after he is sworn in as President, when he does something that I think is great and wonderful.  Likewise, as a member of the loyal opposition, I will criticize Obama when I feel he has something that goes against the political beliefs that I hold as a somewhat Moderate Conservative Libertarian. It will be fair, not overly partisan, but rooted in what I consider to be fair.  I will not stoop to the stupidity of some on the right; who do feel the need to mock the man, every time he takes a breath.  However, my criticism will strictly be policy based.  Anything other than that is either racist in nature or goes into the realm of partisan idiocy.  Something I despise as a rule.

Therefore, there you have it.  Where we have been and where we are going.  Stick around; the mountaintop is coming on quickly.  I just want to be able to see it for myself.

Further Proof that Neo-Cons are Stupid

Man, I have not been up and hour and I am already reading stupidity.

From the Neo-Con Rag, The Weakly SubStandard, some bozo named Matthew Continetti Says:: (Commenting on this piece here)

How does the Times know what many Americans have been “feeling in their bones”? Does Edmund L. Andrews, who wrote the story, also cover orthopedics? And isn’t the appropriate saying here that Americans have been feeling recession pains “in their pocketbooks,” not their bones? Based on anecdotal evidence, I can report that all that most Americans feel in their bones is the onset of arthritis and maybe a strange tingling right before a thunderstorm.

No, you ignorant piece of stupid shit. The people of America have been feeling this in their fucking bones; because they have been feeling it in their fucking wallets. Of course, you wealthy fucking Neo-Cons would not know a damn thing about that. I mean, you’ve made your fucking money getting rich off being a cheerleader for that beedy-eyed son-of-a-bitch in the White House. So, you would not know what it is like to be under the gun financially.

Folks, do you need any more proof than this, that the fucking idiot Neo-Conservatives, who control the Republican Party at the moment; are so out of touch with the reality that they act as if they’re living in an alternative universe?

No wonder the Republican Party got their asses kicked to the wilderness by the Democrats. It’s because of this stupid shit right here.

Thank You for your support

The Following was made by me. It is my feelings towards those who opposed and still oppose the help that the Detroit Auto Industry needs. It might cost me readers, but it is how I feel.

I declare this photo PUBLIC DOMAIN. Feel free to copy it and post it to your Blogs.

Thank you for your support
Thank you for your support

Update: I posted this for one reason and one reason alone, Washington D.C. will hand over 4 BILLION dollars to Wall Street banks and not even flinch, but when Detroit needs help, they are like “You need a plan.” I am not saying that the companies are not at fault. But it just strikes me as pretty damned funny that Wall St. Gets that help and Detroit gets told to go fuck themselves, in essence. So, Yeah, I’m a little pissed off and a bit jaded at this point. Can’t you tell??!

Trackposted to Rosemary’s Thoughts, The Pink Flamingo – WordPress, 123beta, Right Truth, Shadowscope, DragonLady’s World, Leaning Straight Up, Cao’s Blog, Democrat=Socialist, Conservative Cat, , Allie is Wired, Faultline USA, Woman Honor Thyself, Walls of the City, The World According to Carl, Pirate’s Cove, Rosemary’s News and Ideas, The Pink Flamingo, Gulf Coast Hurricane Tracker, CORSARI D’ITALIA, L.O.M.A., Right Voices, and Gone Hollywood, thanks to Linkfest Haven Deluxe.

NYT & Democrats Now Spinning on Iraq

It is not every day that I agree with the Neo-Conservative Blogger. But today is an exception.

It seems that some idiotic liberal columnist, by the name of Thomas L. Friedman is now encouraging the Liberal Democrats to steal credit for the Iraq War.

Friedman Writes:

In the last year, though, the U.S. troop surge and the backlash from moderate Iraqi Sunnis against Al Qaeda and Iraqi Shiites against pro-Iranian extremists have brought a new measure of stability to Iraq. There is now, for the first time, a chance — still only a chance — that a reasonably stable democratizing government, though no doubt corrupt in places, can take root in the Iraqi political space.

That is the Iraq that Obama is inheriting. It is an Iraq where we have to begin drawing down our troops — because the occupation has gone on too long and because we have now committed to do so by treaty — but it is also an Iraq that has the potential to eventually tilt the Arab-Muslim world in a different direction.

I’m sure that Obama, whatever he said during the campaign, will play this smart. He has to avoid giving Iraqi leaders the feeling that Bush did — that he’ll wait forever for them to sort out their politics — while also not suggesting that he is leaving tomorrow, so they all start stockpiling weapons.

If he can pull this off, and help that decent Iraq take root, Obama and the Democrats could not only end the Iraq war but salvage something positive from it. Nothing would do more to enhance the Democratic Party’s national security credentials than that.

I am in agreement with Confederate Yankee in this one.  This would be the most underhanded thing that the Far Lefty idiot Liberals could ever do. Since 2003, the Far Left has done nothing more than persecute the Bush Administration over Iraq and done nothing more than bad mouth, Insult, and outright disrespect our Nation’s Military and now they want to take credit for a war, that they did not even even fight in??!?!

You must be fucking kidding me. I’m sorry, but that’s just outright fucking bullshit. I mean, this is the same damned newspaper the printed this:

ntyassholes

…..and they want to take credit for this war? Please.

That would be like the 1960’s hippies take credit for winning Vietnam. 🙄

Can you now see why I left the Democratic Party and will never, ever vote for anyone running in that Party again? That’s because that Party stopped the party of the “people”, like me, Moderates who did not buy into extremism of either stripe and sided with people of the communist, Anti-American far left. They have also abandoned their principles of “Property and Wealth are not entitlements to rule”, in favor of supporting a man, who’s greatest accomplishment was being born black.

Plain and Simple, Democrats or Liberals or as some like to be referred to as Progressives, which is such a fag sounding name; Hate America, Our Principles and our Military. It is a mental disorder of the highest order, and one I intend to fight on this Blog, for as long as I am able to write.

Guest Voice: Dear Charlotte – You Are Bankrupt

Dear Charlotte – You Are Bankrupt

By J.J. Jackson

Dear Charlotte,

Even though you are far too young yet to understand this letter, and you are rightfully more interested in seeing how much noise you can make by throwing all of our pots and pans on the floor, I wanted to let you know that I am sorry. I am sorry at what has happened to you. For you see, you are bankrupt.

I know that this will come as a shock to you once you are old enough to read these words considering that you have never held a job, earned a wage or incurred a single debt to your name. But it is true and I am sorry that I was not able to stop this from happening. Believe me, your mother and I tried and tried hard to not have you placed in such a situation. We have worked hard, paid our bills and lived within our means.

It is not because of us, your parents, that you are bankrupt however. Ask your mother when you are older about how every week I toiled at the computer and wrote numerous articles and blog postings about the misbegotten economic ideas of our nation. These are the ideas and practices which are the real reason why, before you can even think about needing to earn a wage to support yourself, you will be tens of thousands, if not hundreds of thousands, of dollars in debt to the federal government.

I am sad for you. I am sad for you because these are not burdens that someone who is not yet even two years old should be saddled with. It is not right that the people of this once great nation have stripped you of so much at such a young age and sold you, without permission or without you having committed any crime, into slavery and bound you to serve them and their greed.

A lot of citizens have mortgaged your future for their own present comfort and security. Knowing how it feels to have my own future mortgaged by these same greedy, and dare I say unrighteous, souls I understand that it will only get worse for you as you grow up. Your mother and I already have a heavy weight on our own shoulders in which thousands of our hard earned dollars are taken by the government at the behest of the greedy who did not care enough about their own future to save for their own retirement and believe they are entitled to such at our expense. We are burdened with the heavy cost of other greedy folks who believe that we should pay for their health care because of the virtue of our success while they have not cared one bit to better their own lots in life and acquire that which they desire. And then there are the myriad of other thieves that have compiled agencies of government to demand from us to pay the other debts that they could not pay themselves.

My dear Charlotte, I know it will only get worse for you because it has only gotten worse for us. Already in the past year the government has issued hundreds of billions of dollars in debt certificates, paper money with no substantive backing simply printed on a whim, to line the pockets of people that have made more bad choices in ten minutes than you will make in your lifetime and who believe that they are “too big to fail.” The government calls these debt certificates “money,” but they are nothing more than I.O.U.s which are being financed by foreign governments that will demand the interest we are promising them in return for taking on this debt. Yes, you, my dear, will be tasked to repay these “loans” and all the other spiraling costs of a government run amok beyond sound limits.

For now you will not have to worry much about this looming crisis. There is so much that is of greater importance to you at this moment and for the next few years. You will thrill in chasing the dogs around the living room as they try to escape your all encompassing love and simple desire for just a hug and a sloppy doggie kiss from them. You will be learning your ABC’s and your 123’s and discovering new words. You will be busy trying to mimic new actions you see your mother and I doing and continue trying to sweep the floor, dust the table and clumsily sop up spills with paper towels. You will soon be learning how to ride a bike and to roller-skate. You will undoubtedly revel in enjoying the thrills of the first snow each year and then the first blossoms of spring that will follow. You will eagerly anticipate Christmas morning for many years and what Saint Nicolas has brought for you as a reward for being a good little girl.

I do not write this letter to you in order to strip you of the childish joy you will be filled with over the coming years. I do not expect you to even understand the severity of the situation in which you have been placed even when you are able to read these words, probably asking how to pronounce certain new and unfamiliar ones that you will come across in doing so. I do however write this letter to you hoping that someday, when you are older and wiser and buried by the avalanche of public debt that is bearing down on you, you will find it in your heart to forgive me for not being able to stop the pending disaster which will doom you to a life of servitude to the slothful and the greedy. I hope that you will forgive me for not being able to stop the bad policies of our government that will invariably force you to have to work even harder to support not only yourself but also support all those that the bureaucracy has decided that you must, in addition to yourself, while pursuing the American Dream.

I know that you will be able to succeed in bettering yourself and taking care of yourself but I am sad and disappointed in myself that I have not been able to make it easier on you to live free and experience a greater sense of liberty than the generation before you. I hope and pray that you will not hold it against us, your parents. And I want you to know that I will continue to do everything in my power so that I will, hopefully, one day be able to tear up this letter and never have you read it.

Love eternally,

Your Father