Mind bending dissolution of housing/foreclosure law as we have known it continues apace: Will Obama destroy property rights and rule of law for TooBigToFail ZombieBanks constantly threatening TEOTWAWKI? Elizabeth Warren on the Fraud – ‘This is a Very Big Problem’; Citibank Report ‘Foreclosures Gone Wild’

Citibank Report ‘Foreclosures Gone Wild’ and the ramifications to MBS REMICs and more happy, happy, joy joy courtesy of Market Ticker who summarizes thusly:

…In the best-case scenario, the banks are lying (again) and it will take a year to sort out (during which time they will bleed like a stuck pig on their servicing costs and obligations.)  In the medium scenario they get sued to Mars and, which he didn’t say but I will, all wind up eating the bad paper which forces them into resolution – shareholders are wiped out and bondholders take a nice chop-chop. And in the worse-case scenario the title companies say “fuggit” and it all blows up instantly.

There’s no scenario under which “it’s all ok” folks.

 

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October 12, 2010. Tags: , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Twofer Tuesday for Dem Congress ~ 19th Nervous Breakdown / Get Off of My Cloud – The Rolling Stones

Hope you have booked moving vans Democratic CongressCritters, there will be a supply/demand price increase NO DOUBT since SOOO MANY of you are getting a one way ticket home (not that any of you understand basic economic theory).

Maybe once you get home, you can try to GET A GRIP, BUY A FRAKKIN CLUE and GET TO KNOW YOUR CONSTITUENTS since you CLEARLY were NOT INTERESTED in what we thought, felt, wanted or needed while ramming through Obama legislation that has strangled our economy and our freedom~

PS Get the hexx off of our cloud!

October 12, 2010. Tags: , , , , , . Celebrities, Entertainment, Music, Popular Culture. Comments off.

Haunted Short Stories – 12 – ‘The Red Room’ (aka The Ghost of Fear) by H.G. Wells (1896)

Courtesy of Anne Nexxe’d

“I can assure you,” said I, “that it will take a very tangible ghost to frighten me.” And I stood up before the fire with my glass in my hand.

“It is your own choosing,” said the man with the withered arm, and glanced at me askance.

“Eight-and-twenty years,” said I, “I have lived, and never a ghost have I seen as yet.”

The old woman sat staring hard into the fire, her pale ayes wide open. “Ay,” she broke in; “and eight-and-twenty years you have lived and never seen the likes of this house, I reckon. There’s a many things to see, when one’s still but eight-and-twenty.” She swayed her head slowly from side to side. “A many things to see and sorrow for.”

I half suspected the old people were trying to enhanve the spiritual terrors of their house by their droning insistence. I put down my empty glass on the table and looked about the room, and caught a glimpse of myself, abbreviated and broadened to an impossible sturdiness, in the queer old mirror at the end of the room. “Well,” I said, “if I see anything tonight, I shall be so much the wiser. For I come to the business with an open mind.”

“It’s your own choosing,” said the man with the withered arm once more.

I heard the sound of a stick and a shambling step on the flags in the passage outside, and the door creaked on its hinges as a second old man entered, more bent, more wrinkled, more aged even than the first. He supported himself by a single crutch, his eyes were covered by a shade, and his lower lip, half averted, hung pale and pink from his decaying yellow teeth. He made straight for an arm-chair on the opposite side of the table, sat down clumsily, and began to cough. The man with the withered arm gave this new-comer a short glance of positive dislike; the old woman took no notice of his arrival, but remained with her eyes fixed steadily on the fire.

“I said – it’s your own choosing,” said the man with the withered arm, when the coughing had ceased for a while.

“It’s my own choosing,” I answered.

Story continues after the break:

(more…)

October 12, 2010. Tags: , , , , , , , . American Literature, English Literature, Entertainment, Fantasy, Fiction, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense. Comments off.

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