Comments on: America slips

By: 24K

24K — Wed, 06 Oct 2010 00:23:27 +0000

Hey thanks Rob.
I did like the idea of more lines about finding the stash but i'm no economist, love to sing it on top of pillars of justice though.

By: nopackdrill

nopackdrill — Tue, 05 Oct 2010 22:19:34 +0000

Worse than that -all the people who are paying their mortgages honestly and religiously every month, may find they are paying the wrong people.

This is much more than about just the foreclosure slackers.

By: Rob

Rob — Tue, 05 Oct 2010 20:13:19 +0000

Hi 24K

Cool, love it...

I think I know where the money went though

By: 24K

24K — Tue, 05 Oct 2010 19:24:28 +0000

I read Autumn thoughts and then played my little acoustic guitar that's on my blog recorded it on my phone and then on sunday recorded it in the studio and finished singing it tonight.
I put it on my new myspace page.

http://www.myspace.com/strangetowncollective

or you can download it below no viruses clean mp3 from audacity but the song is first on the list in the player on the myspace page.

Money Flow

I like to think of it as a urban version of that folk song AIG.
Please feel free to tell your friends. I can hear them singing " nobody know" in my head already!

http://www.mediafire.com/?75c12fw0z6fpufw

By: Golem XIV - Thoughts

Golem XIV - Thoughts — Tue, 05 Oct 2010 16:30:51 +0000

24K,

make one, get on Dragon's Den, get some investment and become a milionaire selling "Bad Banker" Juju dolls - pins included. Next year everyone will want one. Could be the year's "must have" item.

Maybe follow it up with a pokemon version - Poke-a-banker. If you don't give him bonuses he starts to complain and tell you how the world is about to end.

Just a thought.

By: 24K

24K — Tue, 05 Oct 2010 16:04:53 +0000

Talking of juju i have a little plush hippo that i use as a pin cushion.
Now if i was into voodoo, it would be a little plush banker.

By: Unclear

Unclear — Tue, 05 Oct 2010 16:02:18 +0000

It's necessary to be reminded just how embedded corruption and deceit are in US financial systems and reporting.

Thank you for doing so with such eloquence.

By: Golem XIV - Thoughts

Golem XIV - Thoughts — Tue, 05 Oct 2010 12:36:38 +0000

Hello Rich,

No, it might not win in court. But even to have file such a case is having a major impact already. The insurers who insure foreclosed properties are, it now seems, walkinh away, refusing to insure houses where it is no longer clear who owns it. Without that insurance, mortgage companies aren't prepared to offer a new mortgage for someone who wants to buy the foreclosed property.

Result - complete log jam. Rumour now, is that the US Administration may put an emergency 90 day hold on all foreclosures in an effort to settle the legal questions.

Various people in US real estate are already saying this won't get cleared that fast. Which could mean a complete hold on clearing the backlog of bank held properties. But it will also mean the prices on those properties would fall.

In the end no one knows for sure. All we do know is taht uncertainty is never an aphrodesiac for recovery and growth.

Apart from which this mess is still growing not clearing up. It get murkier and deeper every day. I think this is going to get more not less important and far reaching.

This is where Wall Stereet lies and corruption ceases to be obscure and remote from ordinary Americans and starts to hit home to physically where they live. I( think this is going to be bad, bad Juju for the Banks.

By: RichGB

RichGB — Tue, 05 Oct 2010 07:32:59 +0000

A racketeering suit? What fun!

I doubt the suitors have much chance of winning this one, but it is an excellent indicator of the public's outrage.

Now ... where did I put my tommy gun?