patrick.net

What happens if you are bulimic and binge eat only to hurl it out later.. .. Do you get credit for that?

Robert Sproul says

What could go wrong?

Don’t forget: Debt just like deposits represent an asset for bank accounting.

bullshitmagnet says

In terms of housing, I think one thing has fundamentally changed since 2008. That is the realization that house prices actually can decline. I remember before the 2008 crash I had numerous people trying to drag me into buying a house, even as prices seemed to climb every month, saying that it didn't really matter how high house prices were, because they "never fell".

must have been the same people who never heard home prices even in sunny San Diego and LA declining by 30-40% in early 90s.. not to mention many other parts of the nation.

Understand that the Dodd-Frank Qualified Mortgage provision takes effect on 1/10/14. The big banks are getting out of the lending business, and qualifying for a mortgage is about to become much more difficult. After 1/10/13, mortgage originators will face much higher risk, while mortgage backed security buyers will see their risks decrease. The bottom line is that futures sellers will have an even tougher time unloading their properties.

Prices will start trending down as fewer potential purchasers will be able to qualify for home loans. If interest rates go up, property prices will fall even faster. Even cash buyers, who pay too much now, will get their clocks cleaned by cap-rate compression as RE prices drop again, and the value of their RE goes down..

There is also the demographics problem of baby boomers needing to dump their houses, and, a whole generation of former and present college students weighed down by college loan debt, not in a financial position to buy, Then there is the problem of the banks holding back that phantom RE inventory. "In the third quarter of 2013, 10.2 percent of housing units were vacant, excluding vacant homes that the Census classifies as "seasonal," such as beach homes."

APOCALYPSEFUCK is Comptroller says

If I eat an Indian do I inherit his or her right to open an unlicensed casino?

Kirak may do WHATEVER he wants, as long as he knocks that damn asteroid off course.

But KIRK may (and will) do whoever he wants. Period.

APOCALYPSEFUCK is Comptroller says

Kirk fuck universe is the prime directive, right?

Its the ONLY directive!

mAPOCALYPSEFUCK is Comptroller says

I think everyone can agree that it would be far more beneficial for America that I am appointed Comptroller of the Currency and vested with powers of life and, much more importantly, death over bank executives.

Come on AF but we all know your ammo budget alone would triple the national debt.

APOCALYPSEFUCK is Comptroller says

I think everyone can agree that it would be far more beneficial for America that I am appointed Comptroller of the Currency and vested with powers of life and, much more importantly, death over bank executives.

You got my vote, that's for sure.

How about zero terms?

The Public Be Suckered
http://patrick.net/?p=1230886

Yes, eliminate term limits. That's a great idea. These term limits have really made things difficult for big corporations to fully realize their American dream. Every few years, they potentially have to start over again. They have to find a new guy to put all their money behind.... Reassemble their chess pieces... And that's just not fair. The corporations need continuity to bring their dreams to fruition.

turtledove says

The corporations need continuity to bring their dreams to fruition.

Eliminate the government. Give the Corporations their birthright: to rule directly without the interference of sham bureaucracy. Give us the fascism We deserve!

Philistine says

turtledove says

The corporations need continuity to bring their dreams to fruition.

Eliminate the government. Give the Corporations their birthright: to rule directly without the interference of sham bureaucracy. Give us the fascism We deserve!

Bank of America for president!

Philistine says

Give us the fascism We deserve!

Pure, pristine, unfetered, modern day feudulism

Yes, and we need to remove the unseemly ritual of voter election. Heil, Obama!

Call it Crazy says

In The Washington Post, Jonathan Zimmerman, a history professor from NYU, has written an article claiming that all of America’s problems would be soloved–GET THIS–if only we would allow Barack Obama to run for a third term!

Translation...

"I'm sorry there wont be anymore Rock-n-Roll tonight, this is all we have left!"

APOCALYPSEFUCK is Comptroller says

If I eat an Indian do I inherit his or her right to open an unlicensed casino?

You are so insensitive!

If I eat a Native American, do I inherit his or her right to open an unlicensed casino?

And the answer is yes. This is how Elizabeth Warren became a Native American.

APOCALYPSEFUCK is Comptroller says

I thought Lizzycakes skinned one and wore it around as a hat and absorbed her spirit through osmotic action.

Spectral absorption would not explain the high cheek bones indicative of Native Americans like Johnny Depp.

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people! [AND Homes thru 2013 Q3]

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Friday, November 29, 2013 __ Level is 102.9

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

If they are forfeiting 30 million, that means he has another 50 million sitting somewhere waiting for him to get out.

Plenty of dirtbags in this country figured out that all they have to do is steal a lot, and plead guilty giving up a fraction. It's like being a banker, crime pays.

bgamall4 says

That was not well publicized. It was not long lasting either. Wong again.

It was well know and well written about.. if you read BusinessWeek or other Business related publications..

http://www.rntl.net/history_of_a_housing_bubble.htm

I'm not saying that all realtors are fountains of flagitious and rebarbative criminality; nor am I labelling them arrant treacherous, scaley invertebrates.

But I am saying that these sorts of statements have been made, and it should be a matter of importance to realtors in general to answer these allegations. Yet we hear nothing from them. I wonder why not?

Words like "slime", "psychopath", "scum-sucking sleazeball", and "swine" - not my words, I assure you - merit a response, don't you think?

Seems as if somebody got ahold of some raw ass chronic here this harvest season. You're much more wack-a-doo then usual on this first Monday back to work after the holiday,,,,,

"..attack the messenger."

What's with all the conspiracy BS.

Everyone knows Iraq has WMD...& they will be found soon. lol

When Cannibal Anarchy is in full swing,I won't be eating Face because it's probably been up their Ass & probably another Ass. I call that Shit-Face but proper cooking temp would kill the E-coli.
I shouldn't be so picky. Just remembered.I've eaten chitlin's.

Will Greek Neo-Nazis Cannibals Enjoy Eating Face With Tzatziki ?

Of course!

Cannibal baklava: Layers of crispy fried face skin with sesame seeds and honey!

Stump fucked tongue with olives, oil, and figs, served on basil rice with olive leaves.

APOCALYPSEFUCK is Comptroller says

If I eat an Indian do I inherit his or her right to open an unlicensed casino?

You should ask Liz Warren. But then you'd probably only get a fake orgasm to go along w/ her fake claim to being indian.... Sorry, no casino for you.

AverageBear says

If I eat an Indian do I inherit his or her right to open an unlicensed casino?

You should ask Liz Warren. But then you'd probably only get a fake orgasm to go along w/ her fake claim to being indian.... Sorry, no casino for you.

So freakin' slow on the response. Only seeing like a million other LIz Warren comments. oh well....

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people! [AND Homes thru 2013 Q3]

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Monday, December 2, 2013 __ Level is 102.4

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

you left out the best part: "since this is federal gov website, if the website gets compromised, the gov doesn't have to notify the users of the breach."

in other words: Obama free loaders: DO NOT APPLY for free healthcare!!!

3 years in the making, and they didn't build security measures into the Obamacare website? The front-end doesn't work, the back-end can be compromised by hackers. Insurance companies don't know if they'll get re-imbursed, and the handful that have signed up, don't really know if they'll have coverage by January 1st.

No wonder the MSM is downplaying Obama's record low approval ratings...

I'm actually surprised that CNBC is committing an act of journalism on our dear leader...

It's OK It will result in a single page internet.

Probably the work of minority contractors.

zzyzzx says

Probably the work of minority contractors.

No it's the result of Democracy development, where the non technical members of the organization, play a bigger role in dictating the overall design, than the technical people in that organization.

How ever that being said, you have to realize, there isn't one single site on the internet that can't be breached, and probably hasn't been breached, when skilled hackers want in.

What I find frustrating, is all of the obscure and vague charges made against Obamacare. As much as I just love a reason to bitch about Obama and Obamacare, I don't like feeling like some lemming schmuck who's just bitching about technology, on the very limited information we're being given.

Though the reality of it, could be far worse, that what little tidbits we're being feed, or it's all just being put in layman terms, for the American fool can play along with the outrage.

The truth would probably make those who made the decisions in Washington look like even bigger idiots. So we're just spoon fed, vague limited tech'ese jargon, to make it seem like the world biggest idiots developed the site. When it was probably the worlds biggest Idiots, dictating to the requirements, not only in concept but in implementation.

Looks like you fellas are gunna' have to find some other sound bite you heard on right wing talk shows to badmouth healthcare because it now appears that the worst is over, the site is now mostly fixed with more glitches being repaired every day, record numbers of people are signing up, and Congress will be out on a long vacation, meaning a long stretch in which the other problems with the site will be fixed without the GOP making up more crap they were spoon fed by the tea party and other fake outside interests.

In other words- history repeats itself and the GOP finds itself in the same historical situation they always find themselves in, which is that they almost always support legislation and rhetoric that goes contrary to what actually happens. They can't hold back the hands of time and thus history keeps on happening without their input.

Call it Crazy says

We know Eddie, you'll just keep waving the Rah, Rah Rah, Obama flag... Your rose colored glass are working full time these days...

As I've mentioned a number of times, I grew up in a very rural, almost entirely Republican area in the South, and for a time was a Republican voter myself. I now live in a fairly liberal area. I've witnessed both sides of the table. Seeing the world from this experience showed me reality and reality seems to have a whole hell of a lot less to do with the agenda of the GOP. So no, to put aside your assertion, I don't see things through rose colored glasses, but rather through the lens of real life experience and objectivity. There are very few people like me, who have been on both sides and lived in such total polar opposite sides of the political spectrum.

As far as the Obamacare site, yes- the site has had some problems and the launch was carried out poorly. But that doesn't mean the healthcare plan is not sound. Could it be better? Sure. There's lots of room for improvement. But the takeaway is that the system we had before SUCKED about 200% more, with the largest number of bankruptcies in the US tied to healthcare related problems. Now- the GOP is always going on and on about spending. What do you think happens when someone declares bankruptcies? The banks eat it and like it or not, we in turn all are affected in some way and the net result is a cost of billions and billions to the US economy.

The GOP had their chance. Years in fact to present their own plan. Hell- they even ran a presidential candidate who implemented a healthcare plan that was damned close to being the same as Obamacare. Instead, they were so hell-bent on trying to stop ANY form of public healthcare, in large part thanks to their party having been co-opted by the likes of the Tea Party, which in of itself is a astroturf organization supported by the very outside interests who would profit if the system were to have been kept as it was-meaning huge profits from substandard care, that they in effect wasted that opportunity from day one.

So the GOP lost. And the best they can come up with is to keep up the badmouthing. They have wasted years so far on an issue they lost. They could move forward and start doing their jobs, but I doubt that will happen. Instead they'll simply keep painting themselves into a narrowing corner.

At this point the GOP is in complete dysfunction. Despite my lack of support for their causes, we do in fact need a stronger GOP versus the status it finds itself in. The intentional gridlock the GOP has undertaken is costing the US economy dearly. The sooner the GOP gets with the program and stops pandering to monied interests and actually starts working for their constituents again the better off everyone- whether conservative or liberal- will be.

edvard2 says

As I've mentioned a number of times, I grew up in a very rural, almost entirely Republican area in the South, and for a time was a Republican voter myself. I now live in a fairly liberal area. I've witnessed both sides of the table. Seeing the world from this experience showed me reality and reality seems to have a whole hell of a lot less to do with the agenda of the GOP.

So basically you're saying Rich Liberals are more fun than Poor Southern Liberals. If you are in the South, then you're a republican, but in Heathenville, you're a true blue Liberal.

Laughing with the sinners rather than crying with the saints aye?

zzyzzx says

Probably the work of minority contractors.

Realistically it was probably outsourced to a group of men, somewhere overseas, who have never seen a computer until now, and go by names most of us can't pronounce.

Crony capitalism in all it's glory.