phatbubble Posted June 16, 2009 Report Share Posted June 16, 2009 BTW anyone following the election aftermath & protests in Iran? Twitter is on fire with it. Link to comment Share on other sites More sharing options...
shorty Posted June 16, 2009 Report Share Posted June 16, 2009 Read analysis of that CA foreclosure moratorium that suggests it largely replicates at the state level some requirements already in place at the Federal level, and that as a result, all the servicers/lenders are already in compliance and that therefore the foreclosures will continue apace with little if any interruption. unfortunately in many cases by the time the liar loan delinquents are evicted, they've stripped and trashed the crapboxes so badly that you can't even crap in 'em because there's no plumbing left......and no doors, windows, carpeting, fixtures, appliances, wiring, stairway railings, kitchen or bathroom cabinets, patio stones, nothing except the walls, that are often punched fulla giant holes so in the end the typical POS biannually-cockroach-and-rat-tented SoCal mini-stucco crapbox with a concrete "backyard" and gravel "front lawn", slapped up within fart's whiff of garage-squatting pot-smoking felony registered sex offender double-dipping nepotism gov't employee neighbors on three sides, that got fraud-pumped up to 600k and now trades nominally for 300k, will require at least 100k in repairs and even at 200k wishin' prices, CONsidering the ambience, I'll pass on them "investments", thanks Link to comment Share on other sites More sharing options...
phatbubble Posted June 16, 2009 Report Share Posted June 16, 2009 Iran. Nothing Has Happened.....until something does. Link to comment Share on other sites More sharing options...
phatbubble Posted June 16, 2009 Report Share Posted June 16, 2009 Nikkers & Hangers down 2% so fur. Link to comment Share on other sites More sharing options...
Jimi Posted June 16, 2009 Report Share Posted June 16, 2009 BTW anyone following the election aftermath & protests in Iran? Twitter is on fire with it. Yes. Good coverage at andrew sullivan's blog and at one covering it on NYT. I think it's hard to know exactly WTH is going on. But it also seems like one of those things that is taking on its own momentum and could see wholesale velvet-type revolution of the sort we've seen elsewhere. Link to comment Share on other sites More sharing options...
Jimi Posted June 16, 2009 Report Share Posted June 16, 2009 I think the latest is a call for a general strike tomorrow. Should be interesting. Link to comment Share on other sites More sharing options...
phatbubble Posted June 16, 2009 Report Share Posted June 16, 2009 Lots of talk of government fraud. Sullivan's Dish links to an alleged Iranian govt offical on Twitter... We were told to report election results as 62% for the president and ignore the real voting. The real ballots were taken by the government. I have discovered that there are several trucks parked at the Shirudi sports center full of the real ballots taken by the government. As we left work on Friday and the presidents people came in we were shocked they would steal government records. Just got a call from my uncle who runs two election districts, he says the voting is a fraud. The police are trying to take government employees out of their homes and arrest them. MSM coverage is per usual conspicuously bland and halfassed. Link to comment Share on other sites More sharing options...
shorty Posted June 16, 2009 Report Share Posted June 16, 2009 OPEN HOUSE! Sexy curb appeal in this spacious contemporary, perfect for entertaining, neutral relaxing color theme interspersed with glowing pastels, custom window treatments throughout, low maintenance landscaping, needs minor interior TLC. Seller will entertain offers in $1.2 to $1.5 range. Hurry! Link to comment Share on other sites More sharing options...
snorkels4 Posted June 16, 2009 Report Share Posted June 16, 2009 atilla posted this in his latest crash call. i find it sameole insaneole ppt newsmonster http://finance.yahoo.com/news/IMF-says-wor...b-15522702.html "We see ... a recovery toward the beginning of 2010, 2009 is already done, we know it's a bad year," he said. "At the global economic level, the growth will be minus 1.3 (percent), which is the first negative growth since the Depression." STIMULUS SPENDING ENDORSED In Washington, IMF officials said the United States was right to keep stimulus dollars flowing and that would help the country achieve growth of 0.75 percent in 2010 after a decline of 2.5 percent in 2009. Once that turnaround is assured, they said, officials should address the threat of soaring deficits. Link to comment Share on other sites More sharing options...
Jorma Posted June 16, 2009 Report Share Posted June 16, 2009 There was a bankruptcy today that shouldn't go unmentioned. Extended Stay Suites which some genius did a buyout of in 07 from Blackstone. $8billion, $7.4 billion financed, now valued at $3.3billion, by among others Bear Sterns which means the Fed is now holding some of their paper for probably an even longer extended stay. http://www.calculatedriskblog.com/2009/06/...-big-loser.html Twice I did short stays at these places and noted that a certain sort of professional women stayed there as well. Link to comment Share on other sites More sharing options...
K Wave Rider Posted June 16, 2009 Report Share Posted June 16, 2009 rut futs may have turned back down overnight.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted June 16, 2009 Report Share Posted June 16, 2009 I think the latest is a call for a general strike tomorrow. Should be interesting. And then there is this little meeting going on... http://www.globalresearch.ca/index.php?con...a&aid=13969 The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial order was brought to ground. Challenging America will be the prime focus of extended meetings in Yekaterinburg, Russia (formerly Sverdlovsk) today and tomorrow (June 15-16) for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization (SCO). The alliance is comprised of Russia, China, Kazakhstan, Tajikistan, Kyrghyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and Mongolia. It will be joined on Tuesday by Brazil for trade discussions among the BRIC nations (Brazil, Russia, India and China). What may prove to be the last rites of American hegemony began already in April at the G-20 conference, and became even more explicit at the St. Petersburg International Economic Forum on June 5, when Mr. Medvedev called for China, Russia and India to “build an increasingly multipolar world order.” What this means in plain English is: We have reached our limit in subsidizing the United States’ military encirclement of Eurasia while also allowing the US to appropriate our exports, companies, stocks and real estate in exchange for paper money of questionable worth. "The artificially maintained unipolar system,” Mr. Medvedev spelled out, is based on “one big centre of consumption, financed by a growing deficit, and thus growing debts, one formerly strong reserve currency, and one dominant system of assessing assets and risks.”2 At the root of the global financial crisis, he concluded, is that the United States makes too little and spends too much. Especially upsetting is its military spending, such as the stepped-up US military aid to Georgia announced just last week, the NATO missile shield in Eastern Europe and the US buildup in the oil-rich Middle East and Central Asia. The sticking point with all these countries is the US ability to print unlimited amounts of dollars. Overspending by US consumers on imports in excess of exports, US buy-outs of foreign companies and real estate, and the dollars that the Pentagon spends abroad all end up in foreign central banks. These agencies then face a hard choice: either to recycle these dollars back to the United States by purchasing US Treasury bills, or to let the “free market” force up their currency relative to the dollar – thereby pricing their exports out of world markets and hence creating domestic unemployment and business insolvency. An era therefore is coming to an end. In the face of continued US overspending, de-dollarization threatens to force countries to return to the kind of dual exchange rates common between World Wars I and II: one exchange rate for commodity trade, another for capital movements and investments, at least from dollar-area economies. Even without capital controls, the nations meeting at Yekaterinburg are taking steps to avoid being the unwilling recipients of yet more dollars. Seeing that US global hegemony cannot continue without spending power that they themselves supply, governments are attempting to hasten what Chalmers Johnson has called “the sorrows of empire” in his book by that name – the bankruptcy of the US financial-military world order. If China, Russia and their non-aligned allies have their way, the United States will no longer live off the savings of others (in the form of its own recycled dollars) nor have the money for unlimited military expenditures and adventures. US officials wanted to attend the Yekaterinburg meeting as observers. They were told No. It is a word that Americans will hear much more in the future. Link to comment Share on other sites More sharing options...
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