Feeds:
Posts
Comments

Archive for the ‘Money’ Category

Every day it’s these teabaggers complaining about fiscal responsibility and the money that our children and their children will be paying for our actions. I just have one question: where were they when Bill Clinton was paying off the national debt?

Advertisements

Read Full Post »

You find out the most interesting things in articles detailing the fall of financial institutions. I found out this about failed bank Washington Mutual (WaMu):

“Someone in Florida had made a second-mortgage loan to O.J. Simpson, and I just about blew my top, because there was this huge judgment against him from his wife’s parents,” she recalled. Simpson had been acquitted of killing his wife Nicole and her friend but was later found liable for their deaths in a civil lawsuit; that judgment took precedence over other debts, such as if Simpson defaulted on his WaMu loan.

“When I asked how we could possibly foreclose on it, they said there was a letter in the file from O.J. Simpson saying ‘the judgment is no good, because I didn’t do it.’ “

Well you know, WaMu really got what they deserved.

Read Full Post »

Socialism Please

The wingnuts are crazy about not increasing taxes lest we become socialist, but have they ever wondered how stuff gets done. I happened upon this great site from Seattle Public Utilities. Public indeed:

Help Prevent Flooding and Improve Water Quality

Join over 150 volunteers who are maintaining storm drains, a critical part of our utility infrastructure. During the fall months, a combination of changing weather and falling leaves creates a perfect opportunity for flooding. Unfortunately, our full time drainage crews cannot keep up with the thousands of storm drains that need extra maintenance this time of year. That’s where you come in! Removing dirt, silt and debris from the top of the drain helps prevent flooding and diverts pollutants from streams, creeks and other natural waterways.

Watch a video to learn more about adopting a drain.

God forbid you should actually pay anyone for performing this service. Especially in this economy with all sorts of people being out of work. That would be socialism. America, number one in the GDP, can’t even afford to make sure that the streets don’t flood during winter storms without enlisting the help of volunteers. And if you don’t think this is serious business, tell that to the woman who’s partner was drowned in her basement when a storm drain got clogged.

Meanwhile a dam in Washington is at risk and the Army Corps of Engineers urges homeowners to get flood insurance. I can’t imagine how that conversation will go with the insurance companies. “Hello, yes, I’m told my home is at immenent risk from a flood. Can I have flood insurance.” Click.

Infrastructure is really important. And once again, please monitor that volcano 54 miles from Seattle.

Read Full Post »

OMFG!

I don’t see any clicks on my stats for the article in the post below. Which is understandable. It’s a long article and quite an undertaking to read it. But let me just say that after reading it, I am as pale as a ghost.

Read Full Post »

I haven’t read this myself yet, but Jake highly recommends this Rolling Stone article on the Goldman Sachs influence in various bubbles in the U.S. economy.

Read Full Post »

We demolish newly built homes that are bringing down the property prices of existing homes. What a waste. Think of how many people could have lived in that home were it being sold for a reasonably price. I much more like the idea of cities buying foreclosed homes and then offering them to low-income families. It seems to be a much more, dare I say, reasonable reaction?

Read Full Post »

No really, don’t. Remember Nietzsche, Marx? Not a good idea.

ayn

Besides, lack of government intervention is what got us in this mess.

Read Full Post »

Older Posts »