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Real Crash - by Howard

 
Hedge funds are gambling, while production is crashing. The real estate bubble is over, and going down. New York City is beautiful, that's why I take pictures of it, but it's the belly of the beast.

It Won't be long, sang the Beatles

October 5th 2007 15:01
Beatles on the Housing Slump
Beatles on the housing slump


I remember finding out about crash
When I bet on MBS, lost my cash

It won’t be long, yeah, yeah (2x)
Till this whole thing will blow.

See the mortgages, were all booby-trapped;
ARMs and IO and other weird stuff;
After 3 years pay twice as much;
You know we’re stuffed; you know we’re stuffed!

It won’t be long, yeah, yeah;
Till you need FDR!!!!!!!!!


Note this is a photo of the "evil Beatles" at Really Long Link
that's stargods (dot) org/beatles TitlePict.jpg

"Death Zone" Report:
With the gutless Congress slow on their feet to move with LaRouche's Homeowners and Bank Protection Act, the social and political chaos is unfoldding around the country, typified by the "Death Zones" of Baltimore, MD.

Foreclosures have doubled in the past few months, and reached 1,630 in the second quarter, alone. They are now reaching into places like Belair Edison, where homes are occupied by teachers, police officers, shop owners, and university workers.

Take a look at these two PDF articles written in 2006 by the EIR Economics Staff: Deindustrialization Creates ‘DeathZones’ and LYM BringsBeauty to Baltimore ‘DeathZone’.

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Comments
2 Comments. [ Add A Comment ]

Comment by S.L.

October 5th 2007 15:10
I hope the Yellow Submarine isn't mortgaged!!

Comment by Howard

October 5th 2007 15:14
yeah, yeah, yeah, yeah!

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