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.

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Real Estate, Housing Hits Turning Point

September 8th 2008 01:33

Real Crash- Looking at Capitalism and its Laws:

Diana Ross- Upside Down Your Turning Me

Upside down, boy you turn me;
Inside out, to get some cash;
Upside down, you're bailing it all out from me;
Inside out, and with no end;

You raped Fannie and Freddie,
Now you want an endless bailout;
I'm crazy to think you are mine;
If you do this bailout, you're a slave of the British Empire;
You are George Soros' boy, and that is the bottom line;

Upside down youre turning me,
Youre grabbing cash instintively;
Round and round youre turning me;
I say to Soros, God save the Queen;

(Upside Down, spoof song music, by Diana Ross)

Well the declaration by Treas Sec Henry Paulson that Fannie Mae and Freddie Mac are being, in effect, nationalized, is bound to make me and many others lose their lunch, and a lot more. This is a bottomless bailout. Then to see Barak Obama and John McCain to "agree" to this travesty is beyond belief. Somehow, we have to dump one of them and get some one halfway sane for President. Or would a military coup help?

The mortgages could be frozen. We, the people and the US Gov't do not, do not do not, have to bail this thing out. We can give banks reasonable rents until this whole bubble is brought down to size. That is what LaRouche has demanded, and the ole geezer is right.

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Posted By: Howard - Category: No Category

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Comments

2 Comments. [ Add A Comment ]

Comment by S.L.

September 8th 2008 02:07

The Political Brief

I thought you were all for a government intervention, Howard. Did I misunderstand when you were talking about nationalization being a good thing and private enterprize not being so hot? I don't think we should be bailing them out, either. But in spite of everything, the price of real estate seems to be dropping.

Comment by Howard

September 8th 2008 02:27

Real Crash

I'm against taking on debt for no reason other than to "stabilize" a bunch of thieves.

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