‘Shrek Forever After’ Trailer

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Love Shrek. Courtesy of HollywoodStreams

The wisecracking green-tinged ogre returns in Shrek Goes Fourth, the newest installment in the successful DreamWorks Animation series.

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December 17, 2009. Tags: , , , , , , . Art, Celebrities, Comedy, Entertainment, Fantasy, Film, graphic art, Popular Culture. 1 comment.

Jack Bauer interrogates Santa

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h/t SciFiWire:

The video is from the brilliant people at Rebel Christmas Card. ’24’ returns Sunday, Jan. 17, 2009 at 9 p.m. ET/PT.

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December 17, 2009. Tags: , , , , , . Comedy, Entertainment, Mystery, Popular Culture, Suspense. Comments off.

Clash of the Titans Trailer 2

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Courtesy of HollywoodStreams

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December 17, 2009. Tags: , , , , , . Celebrities, Entertainment, Fantasy, Film, graphic art, Horror, Popular Culture, Supernatural, Suspense. Comments off.

Fannie Mae is back and they want 400 billion….

UPDATE: WSJ provides an interactive map of ‘strategic defaults’  here

A-HA!!!! I FRAKKING KNEW IT!!! $%^y&*u(*(&^%&$&^!!!!! Frakkiing Fannie and Freddie will NOT MODIFY frakking loans but they want BILLIONS MORE!!! ARRRRRGLEEE!!!!! Our previous rants on this here. People are not talking about this much and this is THE NUMBER ONE OBAMA FAILURE – HOUSING.

As we have said over and over and over –   DO THE DAMN HOLC ALREADY!! We are bailing out the losses on the short sales and these homes are being bought by investors who are making another damned housing bubble!!! (and the big bank servicers get a hefty fee) Just write down principal for the 4 states sooo far underwater and keep the homeowners in, this way we take the loss ONCE and have saved a family. Jeebus it is not that hard.

If anyone doubts the cycle of DOOM this lack of action is creating, see WSJ front page again today a piece about peeps here in AZ walking away – ‘strategic default’.  It is getting less and less ‘stigmatic’ lol, to walk away. It is a cycle of DOOM that will drag the economy back down to its damn knees if they do not take MEANINGFUL action. And this move by FAN FRED to get HUNDREDS OF BILLIONS MORE IN TAXPAYERS BAILOUTS PROVES MY DAMN POINT.

Anyone who thinks folks cannot just walk away, you are wrong. In non recourse states like AZ CA you CAN walk away, jingle mail. They cannot come after you for the loss AND the Congress passed the 2007 Mortgage Debt Relief Act so no folks the IRS is NOT sending 1099s to these people.  Stop the freefall or it will spread across the country, AZ, CA FL, NV represent 21% of our national GDP folks.

I am doing all I can to stay and the damned FAN and servicer will not make any offer, we have lost income and are underwater, it is like they WANT us to walk away, they likely do, the investors have hyped prices back up to 2004 levels here, it is another bubble happening before our eyes and no one will stop it.

NYT:

…Fannie Mae recently warned, for example, that it could not pay the dividends it owes the Treasury, so “future dividend payments will be effectively funded with equity drawn from the Treasury.”

All the companies have recently drawn new government money or are in talks to do so:

Fannie Mae and Freddie Mac, which buy and resell mortgages, have used $112 billion — including $15 billion for Fannie in November — of a total $400 billion pledge from the Treasury.

Now, according to people close to the talks, officials are discussing the possibility of increasing that commitment, possibly to $400 billion for each company, by year-end, after which the Treasury would need Congressional approval to extend it. Company and government officials declined to comment….

Reminder, Fannie Mae % of loans ‘seriously delinquent per total number of loans since 1998:

December 17, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. Comments off.

Unemployment Update: House passes COBRA Subsidy Extension…

Finally!!!!  Now we need action in the Senate. It feels like the first time the House has done something for the real people doesn’t it?? How about some Lou Gramm Foreigner-Unplugged

WorkforceManagement:

The House of Representatives overwhelmingly approved legislation Wednesday, December 16, that would extend the federal subsidy of COBRA health insurance premiums for employees who are involuntarily terminated.Embedded in H.R. 3326, a measure appropriating funds for the Department of Defense, the nine-month, 65 percent premium subsidy would be extended by six months to a total of 15 months. It would apply to those who lose their jobs through February 28, 2010. Under current law, employees who lose their jobs after December 31 are ineligible for the subsidy.

The measure, approved on 395-34 vote, also would provide an additional six months of subsidized coverage for beneficiaries whose nine-month COBRA premium subsidy has run out.

In addition, the legislation would give beneficiaries whose subsidy ran out and who didn’t pay the full premium a second chance to opt for coverage. For example, a beneficiary whose nine months of subsidized coverage ran out November 30 and who didn’t pay the regular unsubsidized December premium could pay the 35 percent premium share in January and receive coverage for December.

The legislation would require employers to notify current COBRA beneficiaries and future beneficiaries of the new 15-month premium subsidy.

The House is also expected to take up another appropriations bill, H.R. 2847, with a provision that would extend the premium subsidy to those who lose their jobs through June 30, 2010.

More on COBRA and other available resources for those who may have lost it, are losing it awaiting the Senate to take action, or cannot afford it courtesy of the WSJ:

…a companion bill has been introduced in the Senate that also would extend the Cobra subsidy for six months, up to a total of 15 months, and increase the subsidy to 75%. But it’s not known if the legislation will pass or even come to a vote….

…Many unemployed workers who first started receiving the Cobra subsidy in March lost it as of Nov. 30, and many more will start losing the subsidy this month. Workers whose Cobra eligibility begins on or after Jan. 1, 2010 won’t get the subsidy even if they’re terminated by Dec. 31, unless Congress extends the law (UPDATE from MiM: HOUSE has extended, waiting on Senate)

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December 17, 2009. Tags: , , , , , , , , , , , , , . Economy, Healthcare, Politics, Unemployment Statistics. 3 comments.

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