MaxedOutMama

Agricultural:
2005: 91.2
2006: 89.8
Commercial:
2005: 91.5
2006: 88.6
Mortgages:
2005: 89.1
2006: 85.5
Consumer:
2005: 85.6
2006: 84.0
Credit Cards:
2005: 81.8
2006: 96.2

Hector Garcia figured he was doing everything right.
...
Garcia took out a 30-year, fixed-rate mortgage at 6.5 percent interest, bought a three-bedroom home for $207,000, and began fixing it up.
...
Bank-owned properties now represent more than 80 percent of all homes on the market there, putting even seemingly stable homeowners like Garcia up against a financial wall.

"I just can't take it anymore," he says of his street's overgrown yards, abandoned houses, and declining property values. "I put so much into this house and this community, but I don't have no equity."

Garcia's house two years ago "would have gone for $210,000, maybe more," says David Cabrera, the real-estate agent whom Garcia hired last fall to sell the home, now priced at $195,500. "But nobody's buying now with all the foreclosures."
...
...Garcia (...) has yet to receive an offer. "I feel bad," he says. "Everyone thinks they want to get a house to get money for the family. But I need to have a life, too."

Like cages full of birds,
their houses are full of deceit;
they have become rich and powerful

28 and have grown fat and sleek.
Their evil deeds have no limit;
they do not plead the case of the fatherless to win it,
they do not defend the rights of the poor.

Margin debt on all stocks owned by clients of New York Stock Exchange member firms reached an all-time high of $285.6 billion in January, topping the previous record of $278.5 billion in March 2000, which was the month the Nasdaq Composite Index (.IXIC: Quote, Profile, Research) hit its all time high.

As Peter Dunay, investment strategist at Leeb Capital Management in New York, puts it: "It looks like people are borrowing to buy everything on margin."

New data for San Diego County reveals that 67 percent of loans made in the first 11 months of 2006 were interest-only or negatively amortized. That means borrowers pay low introductory payments until a reset period comes a few years later, significantly increasing their monthly mortgage payment. Of that 67 percent, 30 percent were negative-amortization loans, a threefold increase since January 2004 and 30-fold jump since January 2003, according to FirstAmerican Loan Performance.

Subprime loans are made to borrowers with damaged or weak credit who wouldn't have otherwise qualified for a mortgage. About 14 percent of the loans outstanding in California as of September are subprime, according to the Mortgage Bankers Association.

Unexpected levels of delinquencies on this type of loan have worried investors who back subprime lenders. Earnings losses have sent some such lenders into bankruptcy, while others are starting to tighten standards and more strictly enforce underwriting guidelines.

I don't think that such a law could ever get through both houses of Congress. I can't see the Senate Republicans being so stupid as to let such a bill come up for a vote there or, if they did, a Republican president signing it.

But it is a clear indication of how liberals think. If they don't like what is being said, they want to regulate it out of existence.

It is not that liberals want to regulate what they do not like out of existence.
It is that when liberals see injustice, they choose to correct it.
When Saint Ronald Reagan stopped enforcing the fairness doctrine, we saw the rise of right wing partisan (lying) slanted talk radio.
Rush Limbaugh could not spout out his torrent of lies if someone was allowed to correct him with actual facts.
What are you wingnuts afraid of?
Oh yeah, the truth.

The airwaves were ruled to belong to the people of the united states shortly after radio was invented. Broadcast media exist, and are liscensed, solely in the public interest. Reagan frogot about that when he did away with the fairness doctrine and it's time to remind all of the owners of these stations who they really work for.
But let's be frank. The real reason that the right is against this doctrine is that their positions cannot be supported in an intellectually honest environment. The big lie only works when nobody is allowed to call bullshit.

And so you agree with me that the Fairness Doctrine is a bad idea since it lets politicians and bureaucrats and whoever gets into office are the ones who decides what is fair and truthful.

Thanks for clearing that up.

A man who was fired by IBM for visiting an adult chat room at work is suing the company for $5 million, claiming he is an Internet addict who deserves treatment and sympathy rather than dismissal.

8. Seems similar to a "thought crime" to me...

Come on, you already know my opinion from the OP, but think about it. WTF does this have to do with his job performance?!?!?

If his heart and soul is into benefiting the IBM corporation, then why fire him just because he likes sex?

Sex is necessary for humanity to exist!!!!

This, plain and simple, is a thought crime. It is very likely people will surf cyberspace in the future via thought alone. In 20 years do you want to get fired for THINKING about sex?

To me this issue is clear. Humans are sucking the humanity from one another.

Out of the 76 CEOs polled in January by the Business Council in collaboration with the Conference Board, 76.3 percent said they expected slower profit growth, with 19.7 percent predicting it would remain steady and just 1.3 percent expecting an acceleration.

In a preface to the study, Business Council Vice Chairman Kenneth Chenault wrote that while council members still expect moderate economic growth, their profit expectations have diminished since the last such survey in October.

With fewer jobseekers entering the labor force, the rate of job creation associated with the maintenance of stable conditions in the labor market will decline.

All told, consumer expenditures appear likely to expand solidly in coming quarters, albeit a little less rapidly than the growth in personal incomes..."

Roy Jacobs & Associates announces that it has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of purchasers of the common stock and other securities of New Century Financial Corp. (``New Century'' or the ``Company'') (NYSE:NEW - News) who purchased during the period from May 4, 2006 through February 7, 2007, inclusive (the ``Class Period'').

Anarchism has declared war on the pernicious influences which have so far prevented the harmonious blending of individual and social instincts, the individual and society.
...
Religion, the dominion of the human mind; Property, the dominion of human needs; and Government, the dominion of human conduct, represent the stronghold of man's enslavement and all the horrors it entails.

Anarchism does not stand for military drill and uniformity; it does, however, stand for the spirit of revolt, in whatever form, against everything that hinders human growth. All Anarchists agree in that, as they also agree in their opposition to the political machinery as a means of bringing about the great social change.
...
...the true lovers of liberty will have no more to do with it. Instead, they believe with Stirner that man has as much liberty as he is willing to take. Anarchism therefore stands for direct action, the open defiance of, and resistance to, all laws and restrictions, economic, social, and moral.
...
Everything illegal necessitates integrity, self-reliance, and courage.

Hackers briefly overwhelmed at least three of the 13 computers that help manage global computer traffic Tuesday in one of the most significant attacks against the Internet since 2002.

Experts said the unusually powerful attacks lasted as long as 12 hours but passed largely unnoticed by most computer users, a testament to the resiliency of the Internet. Behind the scenes, computer scientists worldwide raced to cope with enormous volumes of data that threatened to saturate some of the Internet's most vital pipelines.

The motive for the attacks was unclear, said Duane Wessels, a researcher at the Cooperative Association for Internet Data Analysis at the San Diego Supercomputing Center. "Maybe to show off or just be disruptive; it doesn't seem to be extortion or anything like that," Wessels said.

Counterpunch, the radical leftwing magazine, commissioned its own expert - an aerospace and mechanical engineer - to test the official findings. He shows that the institute must have been right. He also demonstrates how Building 7 collapsed. Burning debris falling from the twin towers ruptured the oil pipes feeding its emergency generators. The reduction in pressure triggered the automatic pumping system, which poured thousands of gallons of diesel on to the fire. The support trusses weakened and buckled, and the building imploded. Popular Mechanics magazine polled 300 experts and came to the same conclusions.

So the critics - even Counterpunch - are labelled co-conspirators, and the plot expands until it comes to involve a substantial part of the world's population. There is no reasoning with this madness.

...it is clear for all to see that modern day Arab world political and religious expression is authoritarian by nature. “Our way is best. Our interpretation is correct. You must accept that God sees things our way only,” and so on.

It because of thinking like that there has been so much death, destruction and mayhem in the Arab world. It is because of that kind of thinking that political and religious disagreements end with calls to violence and cries of ‘DEATH TO…’ All the while, the average Muslim wants to go to work, take care of his family and do right by his kids. Tragically, neither the political or religious leadership in the Arab world give a damn about him, his family or his dreams.
...
Take away free societies and democracies, and our world would look exactly like much of the Islamic world today.

Dr. Phil was conducting a group therapy session with four young mothers and their small children.
"You all have obsessions," he observed.
To the first mother, he said, "You are obsessed with eating. You've even named your daughter Candy."
He turned to the second mom. "Your obsession is with money. Again, it manifests itself in your child's name, Penny."
He turns to the third mom. "Your obsession is alcohol. This, too, manifests itself in your child's name, Brandy."
At this point, the fourth mother gets up, takes her little boy by the hand and whispers, "Come on Dick, we're leaving."

Just received the new guideline changes to CW and it is leaning toward Countrywide getting out of Subprime Biz.
Anything that is over 90% is almost impossible to do Stated or Full Doc ,and for the lower score borrower they are now asking for tradeline requirments that are almost impossible to get. I know that they had huge losses on the high LTV's and with Broker/Borrower fraud.