Dirtt

Fannie, Freddie Headed for Conservatorship

It's amazing. It's like finding cocaine in your child's bedroom and you blame their cheerleading coach for not improving her technique.

America is in DENIAL. And the fallout is tremendous. From Bill Clinton's lawyer (puppet) Jamie Gorelick to Susan Molinari the collateral damage to BOTH the DNC and RNC is historic. This is why the outrage is muted FOR NOW.

99% of America just doesn't get it yet. But when they do get IT heads are going to roll. And people we know we don't like AND people we used to like should face the music. PRISON.

Being a recipient of the bubble you'd think I'd be happy. NO. I care about America. And THEY took the most important asset class in the world and turned into a loose slut.

SHAME ON YOU!!!

Bill Gross: Politicking for His Own Bailout

Implications are heating up. If this chapter in American history weren't so very disgraceful then it would be hysterical. Instead we get both.

My questions seem to go unanswered. Who installed the lobbyists in the GSE's? The money flow (looting) from the GSE's to the 527 Groups to the campaign coffers is every bit as big an issue as the bailout.

Even though I have my answers the questions bear (pun intended) repeating. Does America have to bring a class action lawsuit against the perpetrators to finally get those who should be prosecuting off their you know whats?

Ya' know Bill. Give me heads on a platter and then we'll talk bailout. What a disgrace!!

Subprime Delinquencies Slowing? Guess Again [Housing Tracker]

REVOLTING. Being one who got off the elevator near the top floor of the housing bubble I should just be happy that the proceeds were tucked 'safely' on the short side.

No. Happy I'm not. Relieved. But not happy. I'm livid and shocked that my fellow Americans are ready to swallow the storm surge from Hurricane Fannie and Hurricane Freddie. I want answers.

Who is responsible for putting LOBBYISTS in charge of the GSE's?

Why aren't we following the money trail from the GSE's (and Countrywide) to 527 groups?

Why aren't we following the money trail from the GSE's (and Countrywide) to members of Congress?

Why aren't we examining WHY the 2006 bill to employ a regulator to monitor the GSE crack-dealers was voted down and more inportantly WHO voted it down?

Where are the investigations? The Subpoenas?

REVOLTING America. Wake up.

Bill Gross Softens His Fannie/Freddie Rhetoric

Revolting. As the lack of investigations back log...

Banking Sector: Band-Aids Just Won't Do It

GREAT. Now what can be done to halt this?

Congress needs to be blugeoned into action. The only way I see that happening is if an immediate investigation into soft money donations by Countrywide, Fannie, Freddie et al. to members of Congress commences.

Funny how the first high-profile executive to call a recession last year was none other than Angelo Mozilla after he realized the party had ended. He knows who was ON THE TAKE.

While everyone got all hot and bothered by solar activity affecting a planet named earth no one bothered to notice the housekeepers and landscapers making off with six figure refi cash outs.

If we could only SHORT SELL CONGRESS...

Barron's Goes Bullish on Banks, Again

Barry Ritholtz poses the question when did three major publications announce "coincidental bottoms?" Not sure but...

The Harvard Economic Society is quoted as follows:

on Jan 18 "...there are indications that the severest phase of the recession is over..."

on Apr 19 "... the outlook is favorable..."

on May 17 "...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."

on June 28 "... irregular and conflicting movements of business should soon give way to a sustained recovery..."

on August 30 "... the present depression has about spent its force..."

But wait. August 30? It's still July. Ahhh. But is it 1930?

credit to gold-eagle.com for the quotes. It would be entertaining if it weren't so pathetic and serious.