Mortgage Meltdown / Mortgage Crisis

Just an observation that irks me on a regular basis. Why is it that whenever the mainstream media does a story about the mortgage crisis and sub-prime borrowers, almost without exception they show the images of and profile low income borrowers who are black or ethnic?

Why isn’t CNN, CNBC, ABC, or any of the other networks profiling the brokers who misled borrowers and got rich doing it or the large number of whites and upper income individuals who were also obtaining loans beyond their means? Afterall, the liar loans were prevelant at every level of society. Take a look at the number of million dollar plus homes in southern California which were financed during the real estate boom and are now foreclosed upon. Let’s be real. All of this talk about bad loans should not be limited to those who are typically targeted by the media as scapegoats. People were in over their heads at every level of society.

If we are going to bail out the mortgage bankers and others who were actually supposed to be highly educated experts, then we should be willing to assist some (not all) homeowners who are in distress. Mark my words, the Feds would not be able to justify saving Countrywide Home Loans as a stand alone entity, but not to worry. Bank of America could not have made a worse investment, as it appears on the surface, anyway. Bank of America came to the aid of Countrywide and Bank of America will now be so saddled with bad debt that they will, as a bank, be able to run to the Feds for assistance. Of course, the feds will justify their propping up of yet another bank by saying that it is in the best interest of the economy. Of course, bush can think it critical enough that they fed rescue bear stearns but he refuses to characterize this economy as being in a recession. forget the clinical sense and semantics of the argument.

when will those “blue collar, middle Americans who vote their race and not their economic interests wake up? bush and the right wing conservative republicans are fucking you in the ass with no lube!

Hillary Clinton Lacks “Voter Appeal”

<–adman!–>

Let’s be clear, Candy Crowley of CNN, telling voters whatever they want to hear is not a campaign strategy and is not in any way an honest appeal to voters! With each passing day, I am coming to believe that Candy Crowley is quite dense and does not articulate an original thought or perform any independent analysis of her stories.

Candy Crowley is the epitome of a talking head who simply reads cue cards. OK, Candy, let me break it down for you, Hillary Clinton is a lier and tells voters what they want to hear. She will do anything, now that her campaign is broke, to gain (FREE) media visibility and play into the short sited inclinations of voters. Candy Crowley is yet another “gigantic” name on my ever-growing list of media/entertainment talking heads who does not have the professional capacity to be unbiased in her “reporting.” Funny, I used to like Candy Crowley, until her coverage of the obama/clinton battle began to nauseate me.

It is OK and completely understandable for everyone to have a favorite candidate. But when you are commonly accepted as a newscaster, it is incumbent upon you to refrain from letting your personal opinion tarnish the news that you are supposed to be reporting.

Back to Clinton lacking voter appeal. It is almost unanimously agreed upon by leading economists that the “gas tax holiday,” the ridiculous idea first proposed by john boy “imp” mccain, is a very bad idea. Of course, Hillary jumped on mccain’s bandwagon and endorsed the idea. Despite all of her whining about having so much experience, I am still not clear as to what original ideas she has proposed.

I have suggested in several previous posts that Hillary Clinton is more akin to right wing republicans than any democrat i have seen in recent decades. In fact, it was even said during one of tonight’s broadcasts of of discussion between national politcal pundits that the gas tax holiday may be the single worst proposed policy idea put forth during the entire campaign.

Where exactly can Hillary’s “testicular fortitude” be found? It certainly is not present in her campaign nor in her integrity. What America needs the least at this low point in our country’s history is someone who wants to serve out Bush’s third term and will do anything to accomplish that goal.

Let’s be clear, Hillary “you’re a bitch” clinton. You are the very last person I can think of right now who has the integrity to be America’s next president. pandering to voters, scratching the scab from our nation’s racist woulds and teasing voters with poposals and ideas that will never be enacted or supported by legistaters is disingeneous, to say the least. The reality is that voters have a short memory and even if Billary is elected in the general, she is not likely to make good on any of her promises.

Come on Hillary. If anyone should know when it is time to leave the party it is you. You remind me of the fat girl in high school who slept around. being the school slut made her feel good about herself and she was happy to get any attention, even bad attention. you are the slut of the democratic party and you will do anything to get attention for yourself, even if you infect the entire democratic party with aids. after all, you are operating from the perspective that you have nothing to lose. since you are already at the bottom of the barrel, you can only go up.