Showing posts with label Mortgage Defaults. Show all posts
Showing posts with label Mortgage Defaults. Show all posts

Saturday, October 15, 2011

Elite Class Warriors Hang a Strawman in Effigy



"Cheers: Coach Buries a Grudge " (1984)

Tom: Let's hang him in effigy.
Ernie 'Coach' Pantusso: To hell with that. Let's hang him right here in Boston.


I am neither the sharpest bulb in the box, nor the brightest knife in the drawer, but know not to dance a fine jig in a steaming and teeming cow pasture, in order to pick up an ice cold gallon of moo juice. I step lightly and nimbly on the concrete streets of my neighborhood and go directly to the dairy case of County Fair Foods.

Call me crazy, call me lazy but $ 2.24 for a gallon of Kemp's 2% is preferable to spending untold hours with a trowel or sharp stick de-defecating my boondockers.

Likewise, I enjoy a paycheck that will clear upon deposit at Beverly Bank.

When 516 City workers (laborers, bus drivers, Streets and Sanitation workers, clerks and crossing guards) stand a solid chance of layoff, I know that fewer families will be able to afford Catholic school tuition. The economic mess that is the American economy hurts the people who Ivy League Academics, MSNBC, Editorial Boards, Brahmin Appointees like Forrest Claypool, and the DNC play at helping.

The Elites build many strawmen - Chicago Progressives like Toni Preckwinkle and Forrest Claypool stay employed by attacking powerless workers in their budgets, Machine Bosses ( try and find one), Skilled Trades Leaders and middle class helots. the mantra is always It is not our Policies that Fail, You People Don't Pay Enough!

Kids and glue-sniffers love that.

The Occupy Everything Movement nonsense and the toddler Obama Administration are fast and furiously Hell bent on stringing up A Strawman. The Strawman is the mythical Rich. This strawman is a caricature like 19th Century cartoonist and anti-Catholic bigot Thomas Nast's cartoons of plutocrats.

The plutocrats in fact are creating the Strawman that people on the Left are burning in effigy. The real Plutocrats are the trust funded, insulated activists who have colluded with Bill Clinton, Goldman Sachs, Fannie & Freddie Mae, Rev. Jesse Jackson, Barney Frank and Chris Todd to force the myth of Real Estate Mortgages as a Civil Right.

Here in Illinois ten or more years ago, smart legislators saw a problem: if a man had no or almost invisible income per his Income Tax returns, how could he afford a mortgage? Former Illinois State Representative Kevin Joyce pointed that problem out. Zip codes that were home to the most impoverished Illinois residents were a signal. Rev. Jesse Jackson tossed the race card in reply. Remember?

People qualified for mortgages without any discernible proof of an ability to meet those mortgage payments. Soon, homes purchased on a promise went into foreclosure and property values took its continuing nose dive. That mortgage bubble built by the Elites burst in 2008.

Plutocrats never tend to be pipe fitters, carpenters, millwrights, machinists, cops or firemen.

Plutocrats are Kennedys, DuPonts, Rockefellers, Buffets, Gates' and Oprahs. They are unaffected by the collapse of the economy and they are just fine with Class Warfare.

The Class Warfare targets today are Capitalists, whoever they might be; billionaires with jets; 'sFat Cats and Dry Cleaners.

The Middle Class was shrunk, not because of Bush, or Pipe fitters, it has shrunk because too many of us are not only charging into, but rolling happily through the endless cow pasture, in the mistaken notion that by milking organically fed cows, one can get an ice cold gallon of pasteurized 2% Milk of Amnesia.

Click my post title for Joel Kotkin's lucid and far less cranky presentation of this very topic

Tuesday, November 27, 2007

'Rats!!!!!! To The Holes!' Shine a Light on Jesse Jackson



"Rats run in holes when lights come on. The City Council can expose the lenders," Jackson said.

Hey Kids! What's brownish grey; has more tale than tail, squeezes into cracks for nibbles and bolts out, quicker than a fat man eats his lunch; spreads fear, mistrust, and misery wherever he goes; is considered a major pest; loved only by his family, but they'd eat him given the opportunity and flourishes in big cities where foolish people think he's cute and edgy but do not pay careful attention to his purposes?

Yep. Rev. Jesse L. Jackson, Sr. Now, the man is after shaking down mortgage companies - BEST BELIEVE THAT JUNIOR!

http://www.suntimes.com/news/metro/668174,CST-NWS-jesse27.article
The Progressive - Independent Conscience of the City which pays for a Jesse Jackson column weekly is giving The Big Cheese eater's latest jackpot quest some help and he'll have their full support! Dick Simpson will weigh in; Frannie Spielman is being pulled off of real news ( poor Shanghaied talent); and the usual band of brothers will noodle and gravy Jesse's venture despite the fact that Jesse L. Jackson pulled the plug on an Illinois Program that combated predatory mortgage lenders - Jesse went to bat for those companies:

The program, Illinois Predatory Lending Database, went into effect last September. It was designed to collect information about lenders and was also supposed to ensure that borrowers with bad credit were counseled by the Department of Housing and Urban Development (HUD) before receiving loans (American Banker April 4).
However, the program's critics insist that the requirements made it even harder for low-income individuals to get loans and created delays.
Rev. Jesse Jackson Sr. has said the program's requirements made it more difficult for low-income individuals to refinance or sell their properties.


A credit counselling that would have prevented defaults on loans was strangled in the cradle by the biggest rodent in the alley.


Hey this stuff's in the papers - better than Seinfeld reruns

As always - click on auld post title for the story from last April when Jesse was not so bothered by defaults.