Some mid-day humor…
Yes, this is from the Onion. But in this surreal, centrally planned by none other than Ben Bernanke reality, the mirror in mirror effect is extremely disturbing.
~
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is
SEWARD, NE—Claiming he wasn’t afraid to let everyone in attendance know about “the real mess we’re in,” Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood’s Corner Tavern about how absolutely fucked the U.S. economy actually is.
Bernanke, who sources confirmed was “totally sloshed,” arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of whiskey while loudly proclaiming to any patron who would listen that the economic outlook was “pretty goddamned awful if you want the God’s honest truth.”
“Look, they don’t want anyone except for the Washington, D.C. bigwigs to know how bad shit really is,” said Bernanke, slurring his words as he spoke. “Mounting debt exacerbated—and not relieved—by unchecked consumption, spiraling interest rates, and the grim realities of an inevitable worldwide energy crisis are projected to leave our entire economy in the shitter for, like, a generation, man, I’m telling you.”
“And hell, as long as we’re being honest, I might as well tell you that a truer estimate of the U.S. unemployment rate is actually up around 16 percent, with a 0.7 percent annual rate of economic growth if we’re lucky—if we’re lucky,” continued Bernanke, nearly knocking a full beer over while gesturing with his hands. “Of course, if everybody knew that, it would likely cripple financial markets across the entire fucking globe, even in various emerging economies with self- sustaining growth.”
After launching into an extended 45-minute diatribe about shortsighted moves by “those bastards in Congress” that could potentially exacerbate the nation’s already deeply troublesome budget imbalance, the Federal Reserve chairman reportedly bought a round of tequila shots for two customers he had just met who were seated on either side of him, announcing, “I love these guys.”
Numerous bar patrons slowly nodded in agreement as Bernanke went on to suggest the United States could pass three or four more stimulus packages and “it wouldn’t even matter.”
“You think that’s going to create long-term economic growth, let alone promote job creation?” Bernanke said. “We’re way beyond that, my friend. There are no jobs, okay? There’s nothing. I think that calls for another drink, don’t you?”
While using beer bottles and pretzel sticks in an attempt to explain to the bartender the importance of infusing $650 billion into the bond market, the inebriated Fed chairman nearly fell off his stool and had to be held up by the patron sitting next to him.
Another bargoer confirmed Bernanke stood about 2 inches from her face and sprayed her with saliva, claiming inflation was going to “totally screw” consumer confidence and then asking if he could bum a smoke.
~
We are Totally Screwed – After reading this I have tried to convince people to read this, Do you know what? Nobody Cares. I have had some tell me “it is what it is”. They just don’t care. This really bothers me. Should it bother me? Damn I need some Medication, maybe it will all go away.
They will care when Wall Street and the Federal Reserve and Congress and Obama get through with their NEW WORLD ORDER agenda, the end game they have planned. Those who don’t want to know are going to be in for a big surprise one day when they wake up broke and homeless in the land their fathers conquered……Burying your head in the sand is the worst thing to do but you can’t convince people if they don’t want to know or don’t want to believe it…..
Michael Savidge said it the other night on his radio show….We have our first communist president and the most corrupt CONgress in history and WE THE PEOPLE will be lucky to live throught it… What you do not know will hurt you and that is what they are counting on…Only by the grace of God will we survive this as a sovereign nation with a functioning Democracy being governed under the U.S. CONSTITUTION….These FOREIGN AND AMERICAN NEW WORLD ORDER ELITE GLOBALISTS AND THEIR MINIONS HAVE INFILTRATED EVERYTHING POSING AS AMERICANS AND AMERICAN INSTITUTIONS AND HAVE SNEAK ATTACKED US FROM WITHIN….THEY HATE OUR FREEDOM AND OUR DEMOCRACY AND THEY WANT NO SOVEREIGN NATIONS, A ONE WORLD PAPERLESS CURRENCY AND A MICROCHIPPED SOCIETY WHO OWNS NOTHING OF VALUE EXCEPT FOR THE DEBT THEY CREATE……ALL ROADS LEAD TO ROME>>>
http://www.theforbiddenknowlege.com/hardtruth/jesuit_world_control.htm
See the movie:Invisible Empire-FULL MOVIE Parts 1-14:
Let me repost that link:
http://theforbiddenknowledge.com/hardtruth/jesuit_world_control.htm
Poor man is being held accountable for a worthless leader and elected reps. Great humor on a day where $400 billion of worth was flushed. Term limits people
RE-ENSTATE GLASS-STEAGAL AND THE UPTICK RULE…DO NOT TRUST ANYONE, VERIFY…ALL OF THE DEVILS ARE HERE. WHAT WE ARE ALL LIVING RIGHT NOW IS A PLANNED SNEAK ATTACK AGAINST OUR U.S. CONSTITUTION FROM WITHIN……..THIS IS AN ATTACK ON DEMOCRACY AND FREEDOM….
I heard it was well over a trillion….
This piece from THE ONION should not have been posted without a disclaimer. Many subscribers to this site will think it’s the gospel truth…………….because they want to believe it, and it may be, in fact, close to the truth, but libelous just the same.
THE ONION is a satire site and spoofs the news,
In this case it might just be what we used to call “Kidding On The Square”,
I say that is a look alike in the picture….that is not Bernanke. My opinion, of course. For a man who is not rated as a friend to this country….I don’t think he would be drunk in some bar….that would be like suicide…..especially the way things have been happening……
CITIZEN’S ALERT, KUDLOW ON CNBC IS REPORTING THAT THE SUPER COMMITTEE IS AT IT ALREADY AND THEY ARE GOING AFTER THE MILITARY INDUSTRIAL COMPLEX. THEY WANT TO CUT MILITARY DEFENSE SPENDING…….PANETTA SAYS THAT PUTS US IN DANGER AS A NATION….SOMEONE NEEDS TO BREAK UP THAT EVIL SUPER COMMITTEE…..THEY ARE COMING FOR WE THE PEOPLE NEXT………………………………THAT SUPER COMMITTE IS COMMIE BULLSHIT…..
WE DON’T NEED A SUPER COMMITTEE IN THE UNITED STATES OF AMERICA…..THAT IS WHAT CONGRESS IS FOR… THAT SUPER COMMITTEE IS UNCONSTITUTIONAL……………….
LOL, guys I have a good one for yous. My son came home from work and told me reps from Goldman Sachs came into his workplace yesterday and are looking to invest in the company he works for…..My son told his boss you guys better not let them invest or they will turn us into junk!!!!!!!!!. Looks like maybe they are running out of home loans to recycle and homes to steal……
My son also told me that the young ladies that he works with never even heard of Goldman Sachs..
Oh no! That’s sad, let’s hope these young ladies don’t vote.
Sadly those are the votes they count on to keep up the charade of Democracy. They are counting on people who don’t know who these treasonist politicians really work for, people who continue to drink the media’s kool-aid, illegal aliens and dead people.
Bernanke said long ago that the key was housing. He tried to tell Congress in the hearings that they needed to do something for housing, modifications and to stem the bleeding in housing. No one listened. I guess he is too mild mannered when sober. A lot of people can’t tell the truth until they have had a belt or two.
Man do I wish we had this on video with sound. If so, he would be walking right out of the Fed wouldn’t he?
Ha. I think its funny but like another poster said. It isn’t as if we didn’t know this in reality. We outsourced the jobs, allowed the oil industry to rape us and bailed out banks and not people.
We have no one to blame but Washington for this debacle! We need to raise taxes on the wealthy and oil companies and tighten the belt on loopholes, etc. but what we don’t need to do is allow Wall Street and the banks to continue to feed off the taxpayer and rip his benefits out from under him at the same time.
FYI:
Just a bit of news, I’m sure you’ll all find satisfying. Lender Processing Services (stock symbol: LPS) has hit a new 32 month (that’s 128+ weeks) low. LPS closed today at $18.16. Their all time high was $44.99 (Oct. ’09).
Following the exposure of their robo-signing (fraud/forgery) the stock has plummeted, their earnings have fallen off significantly. LPS has now been reduced to seeking loans ($1-billion) to continue operations in addition to writing down past investments for potential sale and or wind downs.
This site has done an exemplary job in exposing the various corruptions of LPS. Couldn’t have happened to a nicer bunch of bandits. Good job guys.
Yes!!!!!!!!!!!
Ron Paul Sounds Alarm on “Disturbing” Super Congress
Congressman warns new all-powerful committee will ram through tax hikes
Paul Joseph Watson
Prison Planet.com
Tuesday, August 2, 2011
Congressman Ron Paul warns that the all-powerful new “Super Congress” created by the vote on the debt ceiling will be used to fast-track tax increases while concentrating more power over the nation’s purse strings in the hands of the Washington elite.
During an appearance on Fox News, Andrew Napolitano warned that the “Super Congress” was an assault on the authority the Constitution gives elected representatives.
As we reported yesterday, the “Super Congress,” which was approved by the House yesterday and is set to be rubber stamped in the Senate today, will establish a new level of unaccountable government, and will strip elected representatives of the right to amend legislation or filibuster on whatever issues it sees fit, not merely limited to the debt situation.
This body will have “extraordinary new powers” to quickly force legislation through both chambers, including gun control, entitlement cuts and tax hikes.
In a statement made yesterday in response to the passage of the Budget Control Act, Congressman Ron Paul expressed his alarm at the establishment of this “disturbing” new committee, and warned that it would be used to ram through tax increases.
“The legislation produced by this commission will be fast-tracked, and Members will not have the opportunity to offer amendments,” said Paul. “Approval of the recommendations of the “Super Congress” is tied to yet another debt ceiling increase. This guarantees that Members will face tremendous pressure to vote for whatever comes out of this commission– even if it includes tax increases. This provision is an excellent way to keep spending decisions out of the reach of members who are not on board with the leadership’s agenda.”
The Congressman added that the committee represents “Nothing more than a way to disenfranchise the majority of Congress by denying them the chance for meaningful participation in the crucial areas of entitlement and tax reform. It cedes power to draft legislation to a special commission, hand-picked by the House and Senate leadership.”
Indeed, the White House has already indicated that it will harness the power of the Super Congress, thereby becoming the de facto deciding 13th member, to terminate the Bush tax cuts from 2012 onwards.
As CBS News reports, Congress will be mandated to carry out an up or down vote, with no amendments allowed, on the recommendations of the super committee on December 23rd, one month after the new body completes its work, which will be focused on cutting Medicaid, Medicare and Social Security.
“Congress could not modify the committee’s recommendation,” reports CBS, an admission that powers ascribed to elected lawmakers that are enshrined in the Constitution are being completely gutted.
If Congress rejects the super committee’s proposals, “then automatic across the board spending cuts of at least $1.2 trillion would go into effect.”
Second Amendment organizations like Gun Owners of America fear that this new super committee of lawmakers would not stop at ruling over the debt issue, and that it could move on to target the right to bear arms by pushing legislation on “Gun owner registration, “bans on semi-automatic firearms,” and the “adoption of a UN gun control treaty.”
The fact that the establishment of a body which threatens to completely re-write over 200 years worth of constitutionally-based legislative practice has sailed through with barely a whimper of debate from politicians or the mainstream media is a damning indictment of how the Obama administration’s penchant for executive autonomy has aggressively seized control of the political process.
Once again, it is up to the grass roots to raise the alarm on this shocking development in the hope that it can later be shot down by a federal judge still familiar with the basic tenets of the constitution.
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.
And yes Ron Paul, there will be no Christmas without a tax increase!
Yes these evil bastards have ruined everything.
I heard RON PAUL VOTED FOR THE DIRTY DEBT DEAL……
SEE THIS LINK with video and RAISE YOUR VOICE AMERICA:
The Debt Deal is a Vote for Treason:
http://www.larouchepac.com/node/18956
Ivent, curious where did you hear Ron Paul voted for this? I can only find where he stated he never has and never will vote to raise the debt ceiling (link below). Let me know if you have anything different, appreciate it.
http://www.dailypaul.com/172485/ron-paul-issues-statement-on-debt-ceiling-deal
Found it, how your reps voted by state:
http://www.cbsnews.com/8301-501707_162-20086647.html
Dabrigragu, I am not talking about the debt ceiling raise, I am talking about the passage of the debt bill…..Don’t you know about the evil debt bill??? CONgress passed it and Obama signed it today… That is what created the SUPER CONGRESS that the media is covering it up and calling it THE SUPER COMMITTEE….IT IS ALL UNCONSTITUTIONAL: Someone in the media reported today that Ron Paul voted to pass the debt bill… See the video here: The Debt Deal is a Vote for Treason:
http://www.larouchepac.com/node/18956
There seems to be conflicting reports on Google right now whether Ron Paul voted for the passage of the debt bill or not even at the Ron Paul Forum……Google the words Did Ron Paul Vote for the Debt Bill……I can’t seem to get a straight answer.. I had some hope in him but If he voted for that Debt Bill he is a traitor too.
Did Ron Paul vote for it? Really? I have not seen anything that say’s that. Treason is all thru the White House…No one has done their job…to busy planning all the corrupted moves….Oh wait…..there are a few. that are not corrupted…but .let’s get them all on treason…no pensions or health insurance and perks….stripped of everything….isn’t treason a hanging? Or did they pass a law on that too………..
Ivent, yes I’m aware of the Debt bill passage. The only votes I could find that were available were at the link I posted. Those are the only ones posted so far. There seems to be some confusion as to how Rand and Ron Paul voted even on their sites just as you’ve stated, yes I’ve heard the left trying to cash in on this confusion with mis-statements. We’ll have to keep an eye on this as it seems rumors are flying aren’t they 😉
I just can’t see either one of them voting yes on this, especially since Ron Paul was stating to Judge Napalitano how destructive the Super Congress could be (link below)
Thanks for the reply, Ivent.
Oops, wasn’t aware that would happen! I’ve put the video in…
DABIGRAGU: I did some homeowrk on that NAFTA agreement and yes you were right that it was a majority Democratic congress when NAFTA was passed but you know how I roll, I have to prove my point and I found it at this website entitled: From the article, President Clinton and the 103rd Congress: Winning Battles and Losing Wars- http://gunston.gmu.edu/pfiffner/index_files/Page1155.htm
Clinton suffered from a number of problems in his relations with Congress. Despite clear Democratic majorities he had no natural colaition of votes for his agenda. For each major issue he had to cobble together a different combination of members to forge a winning coalition. For instatnce, in the two major votes on 1993 budget reconcilliation and NAFTA only 78 of 435 members of the majority Democratic House and 27 of 100 Senators voted with the president, In both cases, Democrats in Congress, despite the high party unity scores, DID NOT SUPPORT HIM consistently or whole heartedly. Often members of HIS OWN PARTY DID NOT SUPPORT HIM in key legislative battles or demanded policy concessions or personal favors for their votes.
The NAFTA Agreement was negotiated by PRESIDENT BUSH….
OPPONENTS OF NAFTA WERE CLINTON’S OWN CONSTITUENTS WITHIN THE DEMOCRATIC PARTY…
Labor unions as well as Ross Perot launched a highly publicized campaing against NAFTA.
After a rousing speech backing NAFTA with 3 former presidents at the White House, (FORD, CARTER AND BUSH) on Sept 22, the administration went into high gear to lobby for it in Congress. Clinton personally spoke with 135 members of Congress, made more than 70 phone calls in the ten days before the vote and held 18 public events to support its passage.
As Clinton campaigned, he had to FIGHT LEADERSHIP OF HIS OWN PARTY SINCE MAJORITY LEADER RICHARD GEPHARDT (D-Mo) and DAVID E. BONIOR (D-MI) LED THE FIGHT AGAINST THE BILL…
On the eve of the vote it was not clear whether his all-out effort would be successful and the 34 vote margin belies the actual closeness of the vote.
The Administration won the vote 234-200 with 156 Dems against it and only 102 in favor,
MOST REPUBLICANS VOTED FOR THE BILL, 13-43 (with one Independant voting NO)
The vote was important for Clnton BECA– USE IT DEMONSTRATED THAT HE WAS WILLING TO TAKE AND ISSUE THAT WAS UNPOPULAR IN HIS OWN PARTY AND FIGHT FOR IT.
IT ALSO SHOWED THAT HE COULD FIGHT A BI-PARTISAN BATTLE IN THE HO– USE.
In addition, NAFTA, created the largest free trade zone in the world, and the General Agreements Tariff (GATT), the largest multi-lateral free trade agreement in history, built a crdible record for Clinton AS A PROPONENT OF OPEN TRADE IN A NEW GLOBAL ECONOMY…….
I HAVE PROVEN MY POINT….The NAFTA AGREEMENT WAS A REPUBLICON NEW WORLD ORDER GLOBALIST AGENDA. THE REPUBLICONS WORKED FROM BEHIND THE SCENES TO GET THEIR HIDDEN AGENDA PASSED AND — USED A DEMORAT BILL CLINTON AS A PROXY TO GET THE JOB DONE…..
Dabigragu, Have you gotten around to reading my research on NAFTA??????
It is posted above..
Please everyone, I would like you to read my comment above. I have uncovered a very good example about the hidden agenda’s OF THE NEW WORLD ORDER and how these NEW WORLD ORDER GLOBALISTS ARE ACTUALLY POSING AS DEMOCRATS AND REPUBLICANS….THERE ARE TREASONIST POLITICIANS IN BOTH PARTIES WHO ACCOMPLISH THE NEW WORLD ORER AGENDA.. HERE IS HOW THE ELITE GLOBALISTS WORKED FROM BEHIND THE SCENES TO DRAFT AND PASS NAFTA AND SEND OUR JOBS OUT OF THIS COUNTRY…. GEORGE BUSH SR AND OTHER REPUBLICONS. AND BILL CLINTON WERE INSTRUMENTAL IN SENDING OUR JOBS OVERSEAS……BILL CLINTON IS A NEW WORLD ORDER MEMBER AND A TRAITOR TO THE UNITED STATES OF AMERICA….PROOF WE CAN NEVER TAKE THESE POLITICIANS AT FACE VALUE…DO NOT TRUST VERIFY …..BECA– USE HERE IS THE PROOF THEY WILL THROW AMERICA AND THE AMERICAN PEOPLE UNDER THE BUS…….WE HAVE TRAITORS AND TREASONISTS POSING AS AMERICANS AND THEY ARE HIDING RIGHT IN PLAIN SIGHT…WE MUST FIND OUT WHO SIGNED THAT DEBT DEAL BECA– USE THOSE POLITICIANS ARE TRAITORS AND TREASONISTS FOR PASSING THAT BILL AND OBAMA IS A TRAITOR FOR SIGNING IT…….
Ron Paul did not vote for the dirty debt deal Ivent. Your facts are incorrect !!
“Congressman Ron Paul explains that we have defaulted in the past. This is a scare tactic to try to get more money from the American people”
Scare tactic to steal more money from you and I, not the banksters. Paul has been vocal for years that the Federal Reserve Bank should be abolished. Keep in mind the Federal Reserve Bank printed up over 14 trillion secretly and disbursed it to banks in the U.S. and throughout the world. It is you and I that have to pay for that.
For you Ivent: Ron Paul ‘strongly against’ debt deal
http://dailycaller.com/2011/08/01/ron-paul-%e2%80%98strongly-against%e2%80%99-debt-deal/
Support Ron Paul on abolishing the Federal Reserve Bank. This body of banksters print trillions in worthless money, send it overseas to european banksters, then steal our homes as reimbursement !!!
Anonymous,I NEVER SAID RON PAUL VOTED FOR THE DEBT DEAL.I SAID RUMOR HAS IT. EVEN HIS OWN WEBSITE COULD NOT CONFIRM OR DENY IF HE VOTED FOR IT.
ANONYMOUS YOU NEED GLASSES AS CLEARLY STATED IN MY COMMENT ABOVE I SAID _I HEARD_ A MEDIA REPORT RON PAUL VOTED FOR THE DEBT DEAL. I NEVER STATED IT AS A FACT… NOW., I WOULD LIKE YOU TO SHOW PROOF OF YOUR CLAIM THAT RON PAUL DID NOT VOTE FOR THE DEBT DEAL. I AM NOT TALKING ABOUT THE DEBT CEILING….I HAVE NOTHING AGAINST RON PAUL, I JUST DO NOT TRUST ANY POLITICIANS AT THIS POINT AND RIGHTULLY SO.
ANONYMOUS,YOU ARE BEING VERY DECEPTIVE, THAT ARTICLE SAYS RON PAUL IS AGAINST THE DEBT DEAL, NOT HE DID NOT VOTE FOR IT……..I HEARD HE VOTED FOR IT……
ANONYMOUS,SHOW ME PROOF RON PAUL DID NOT VOTE FOR THE DEBT DEAL..I READ HE MADE A SEPARATE DEAL ABOUT SOMETHING HE WANTED AND HE SIGNED THE DEBT DEAL…..SHOW ME PROOF HE DID NOT.
ANONYMOUS, I HEARD RON PAUL IS A SELL OUT AND HE SIGNED IT.
ANONYMOUS, I MEANT TO SAY VOTED FOR IT, RUMOR HAS IT RON PAUL IS A SELL OUT AND HE VOTED FOR IT.
I DON’T DRINK, SMOKE OR — USE DRUGS…..AND NEVER HAVE…….
THE ABOVE COMMENT IS FOR PETE,,,,,,
PROBLEM WITH YOU CLOWNS IS I AM EXPOSING AND ROUTING ALL OF YOU OUT. YOU KNOW IT TAKES A CLEAR HEAD TO DO THAT.
Vent, don’t fuss, we all know your cool. you speak your mind and wear your feelings on your sleeve. Not everyone sees the light! My sister thinks that I’m crazy because I beleive it is all a conspiracy! She refuses to see the light…..or just does not beleive this all could happen in the great U.S.A.
I don’t recall any “exposures” of contributors who post on this blog from you. If you’re talking of exposing our elected representatives then yes, and a good job of that you’ve done, Ivent. Are we here to attack one another? I’m not, if that was your interpretation of my miniscule yet factual correction the other day, I apologize. Perhaps my research instinct got the best of me, it was not my intention to have you so upset as to lash out. Bottom line is Ivent, we both agree on the subject at hand, so I shall extend the proverbial olive branch, let’s end the accusations okay?
Thank you Rob..I am italian and irish heritage. I come from a long line of ancestors who like to argue and raise their voice…I think some people call that FREEDOM….
RULES ARE FOR DICTATORSHIPS.
Let’s all stay on the same page,,,,,,for we here on this website and Lisa’s too…………ARE THE BEST OF THE BEST!
Dabigragu I accept your apology and you do have a point that dates are important but you missed my point. What I was trying to uncover is the facade of a two party system and that was the point I was trying to make.. I would never intend to deceive anyone that is what got us all into this mess..Myself and many others have spent alot of time and energy here doing research and we are all trying very hard to uncover the truth behind the lies in order to get the message and the truth out to the people so we can save ourselves and our Country from this foreign tyranny. .I know they are all corrupted bastards but there is a lot more to it than what we see and what goes on in the backrooms…This website reported that the mortgage fraud Ponzi Scheme was devised in the backrooms of CONgress. The point I was trying to make was where the hidden agenda lies. That is what I was trying to expose..Their creepy hidden agendas and the charade of a properly functioning democracy, Take the debt deal as a perfect example and how it was never really about raising the debt ceiling it was about the hidden foreign interest passing harsh austerity measures on all of us to force our failure instead of punishing the Wall Street crooks.. Bloomberg exposed Boehner and 3 of the gang of six members, the Republicons are invested in our debt and also in our failure. Now that is proof of treason right there my friend and who voted for and passed the debt bill is also proof of who the treasonists are…., There is real evil hiding in plain sight as well as behind the scenes and they are pretending they are doing the people’s work and they are not working for the people…
Healthy democracies are supposed to be noisy…….We should be making some noise..
Pete,, No matter how I express my views, EVEN IF IT IS IN ALL CAPS, I have a right to express those views as I choose and you don’t have to read them. . I am not breaking any laws that I know of.
come on now, he hasn’t spilled the beans on anything we didn’t already know. sad we talk about and trash our representatives in such a manner, someone must be pushing for another resignation. Seems efforts could be spent on how to fix things, or at the least report the truth. The truth is almost none of the doolars went to help the homeowners, most are still unemployed, continue upkeep of their foreclosed homes until federal housing buys them and then sells to fannie, now we end up with broken fences, dead lawns and most likely families with children on programs or on the streets, houses sit forever dropping more in value and investors step in, unless you get a first time buyer or member that qualifys for low income no one else is going to pay their high interest rates, and then there is the drug monies in parts of California, that has done alot for the neighborhood, doesn’t matter who you talk to, no one is going to listen, the banks are above the law as well as major corporations that have managed to eliminate workers only to replace as cheaply as possible. Then we have the freshman senators, hope you all took notes, I was not impressed, just showed how very vulnerable we are, and I think there needs to be some thought prior to letting the world know just how disrespectful some are towards the president, would hate to creat another Norway monster.
Is the cure for foreclosure glut a bulldozer?
NEW YORK – Aug. 2, 2011 – Bank of America Corp. is taking an unusual step in chipping away at its high inventory of repossessed homes by demolishing some of the most run-down homes in its inventory.
Bank of America will be donating 100 foreclosed homes in Cleveland, 100 in Detroit, and 150 in Chicago – with nine other cities are expected to be added by the end of the year – to local agencies and contributing to their demolition. Wells Fargo, Citigroup, JPMorgan Chase and Fannie Mae are also moving forward on similar demolition plans for its most decrepit homes.
Banks have faced high inventories of foreclosures in the last few years that have lingered on the market and brought property values nationwide down. In June alone, more than 1.6 million homes – or one in every 77 households – were in some stage of foreclosure, according to RealtyTrac.
“There is way too much supply,” Gus Frangos, president of the Cleveland-based Cuyahoga County Land Reutilization Corp., told Bloomberg News. “The best thing we can do to stabilize the market is to get the garbage off.”
The homes slated to be demolished by Bank of America have been deemed uninhabitable, with some of the homes worth less than $10,000. The bank said it would cost too much money to restore the homes. The property’s land will be used for development, open space or urban farming, according to a company statement.
In the first quarter of this year, Bank of America boasted 40,000 foreclosures on its books.
Source: “BofA Donates Then Demolishes Houses to Cut Glut of Foreclosures,” Bloomberg.com (July 27, 2011)
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
One thing I love about “The Onion”: what they report may not be fact, but it’s usually all too true.
The U.S. Government could fix this manufactured economic crisis in fairly short order if they were not all corrupt and useless therefor there is NO POLITICAL WILL TO FIX THIS…….IF CONgress and the OBAMA ADMINISTRATION WOULD:
RESTORE THE UPTICK RULE.
http://en.wikipedia.org/wiki/Uptick_rule
RESTORE GLASS-STEAGALL:
http://en.wikipedia.org/wiki/Glass-Steagall1933_Act
NATIONALIZE THE BANKS…
Here is how Wall Street Swindled all of us. The complete explanation of why the restoration of the Glass-Steagall act of 1933 is so important is at this link:
http://en.wikipedia.org/wiki/Glass-Steagall_Act
AND END THE WARS, THAT ARE ALSO BANKRUPTING AMERICA
AND END THE CORPORATE LOBBYING…….AND CORPROATE FUNDING OF CAMPAIGNS…
WE THE PEOPLE MUST FORCE AN END TO CAPITALIST CRONYISM IN POLITICS..STATE RUNNED CAPITALISM IS FASCISM….. IN OUR CASE IT IS FOREIGN OWNED AND OPERATED FASCISM. VIA PROXIES ON WALL STREET , THE FEDERAL RESERVE, THE U.S. TREASURY, CONGRESS AND THE WHITE HO– USE…
Bernanke should know His member did it
CNN just reported that Obama signed the DIRTY FILTHY TREASONIST DEBT BILL……..Congress and Obama have really done it now…These treasonists have OFFICIALLY thrown the American people under the bus.. Forget the fraudclosures, they know they can’t steal our homes so now they are going to STARVE US OUT OF OUR HOMES WITH FASCIST AUSTERITY MEASURES…………THE AMERICAN PEOPLE NEED TO THROW ALL OF THE TREASONIST BASTARDS OUT BEFORE IT IS TOO LATE AND THEY ARE DYING OF HUNGER AND DISEASE IN THE STREETS OF AMERICA…….MAX KEISER SAID IF THEY CAN’T STEAL THE HOMES OF THE AMERICAN PEOPLE THEY WILL MOST LIKELY GAS US IN OUR OWN HOMES. WELL THE DEBT DEAL IS THE GAS………….THIS DIRTY DEBT DEAL WILL MEAN THE GAS CHAMBER FOR MILLIONS WHO CAN ALREADY HARDLY FEED THEMSELVES, THEIR FAMILIES AND KEEP THE LIGHTS ON…..
If you think things are bad now, just wait. Because of Wall Streets crimes, the TREASONISTS IN WASHINGTON are going to make ALL OF US PAY A HEAVY PRICE WITH THE — USE OF FASCIST AUSTERITY MEASURES: SEE THE ARTICLE: THE DEBT BILL IS A VOTE FOR TREASON:
http://www.larouchepac.com/node/18956
i VENT ….THIS WAS BOUND TO HAPPEN…PUTTING THE PIECES OF THE PUZZLE TOGETHER…ESPECIALLY WITH THE BRITISH EMPIRE…OBAMA AND THE QUEEN BEE KNEW AMERICA HAD CAUGHT ON……MANY LONG BEFORE NOW….i ALWAYS SAID OBAMA REEKED WITH CORRUPTION…,,BALL AND CHAIN HIM NOW….TREASON WAS SMEARED ON HIS FACE ALL ALONG…… DEAL WITH ALL THOSE IN WASHINGTON THAT WENT ALONG WITH OBAMA’S PLANS….THEY ALL ARE GUILTY. THE CEILING DEBT WAS A FAKE..OBAMA WANTED HIS SUPER CONRESS….FU’K THEM ALL…PRISON FOR ALL…..TREASON….TYRANNY….AMERICA WAS SET UP…A COUP WAS IN THE MAKINGS FOR MANY YEARS ….OUR GOVERNMENTS HAVE BETRAYED OU R COUNTRY TO THE ENEMY. DISGUSTING……………..
Right on Marilyn!!!!! Off with their heads!!!!!!
This is the direct result of Bernanke’s minions up on Wall Street who were ALLOWED to set America up to fail and rob the country blind in their Ponzi Scheme. The American people need to throw all of the treasonists out including the treasonists in Congress and at the White House as well as Council on Foreign Relations member Timothy Geithner….They are all New World Order Perps..
This is just the beginning….it has been said all along that the ‘ secret society ‘ had to take control of America …and the rest of of world would be easy……everything I kept reading would mention England…like the lawyers in America under the British Guild Oath…not American oath…does that not ring some bells? Britain having control of OUR Social Security…the Queen making an amendment in 1997 to our social security…has it as a debt..a tax..on the 13 Colonies…that is BULLSHIT or what….fake wars to cause this country to borrow fake money to pay for these wars…all while England was in the background….so blame would be put on America and the world would hate us..not England. who was hiding in the shadows……it was our own governments from the past till now and England that are the true enemies of the United States. Some where I heard or read that the Saudi’s and England were the bakers of the World Trade Center distruction….. Supposely the Saudi’s family was in Texas with the Bushes (Sr, ? ) on 9/11/2001 and were flown out when no planes were to be flying….Bush himself was in Florida..and he flew straight to Texas afterwards……..
Real or not……that is some incredible stuff……..and we all know if it was true, he would be out his job by tomorrow…..not for getting shit faced, but for opening his mouth spouting the truth!
EVERYBODY IN D.C. IS SHIT FACED ALL THE TIME ANYHOW!
Are you sure this if from the Onion? Sounds pretty much like reality to me.
No kidding Pete, my bet; it IS reality, yet to keep from popping up as a “suicide” statistic they throw in “the Onion” here and there.
Double teaming now? How incredibly weak.
Ivent, you gotta get off the drugs.
Pete…PLEASE EXPLAIN YOUR COMMENT THAT i VENT NEEDS TO GET OFF DRUGS…YOU WERE JUST KIDDING…RIGHT???
I agree with Ivent on most of what he says, but the all caps and screaming is not productive for his message. I’m a 66 year old war and I think screaming in type is puerile. State your case, a little profanity is okay, but be cogent.
PETE,CRY ME A RIVER, IF I THOUGHT ALL CAPS WAS THE ISSUE THAT WAS REALLY BUGGING YOU I WOULD — USE THEM ALL OF THE TIME. . THE ALL CAPS ARGUMENT IS IDIOTIC AND A NON ISSUE…ALL CAPS IS NOT SCREAMING AT ANYONE.. CHOOSING TO ATTACK ONES FREEDOM OF EXPRESSION IS UNAMERICAN. ..AS I SAID BEFORE I WILL — USE ALL CAPS AS I SEE FIT. AND IF YOU DON;T LIKE IT DON’T READ MY COMMENTS…IT IS STILL A FREE COUNTRY, WELL, SORT OF……..
HEY PETE, YOU JUST NEED TO FIGURE IT OUT! I VENT IS NOT A MAN AND THERE IS NOTHING GREATER THAN A WOMAN SCORNED!
LOL, Rob I am not even near furious…Many have tried and failed.. .
Hey Vent, What are you like when you are cookin’ angry !! Whew.
LOL Rob, I am just having some fun with these arguments. It breaks up the monotony.
Pete…I was just razzing you…..to get your reaction…LOL Like I vent say’s..it breaks the monotony……It seems I vent and I are 24/7 into this foreclosure mess and go further to expose the facts and issues to wake up others to who and where it all comes from….who is behind the curtain hidden…as far as cap letters go..I too use them at times…and I do at times use ‘ street talk ‘….maybe that is anger showing….or my french temper….regardless how the comment looks…it’s the message that is important. Bear with us….but I suggest to read all the comments…compare info….we are all in this together. If corrections are needed we welcome them.