Tuesday, March 31, 2009
Boxes, Boxes, Boxes!
We have a bunch of boxes. Please contact us if you or someone you know needs boxes. We will be glad to give them away free. Most of them have been through several moves but are in good shape. We will go recycle them in a few weeks if no one claims them. Reduce, Reuse, and Recycle!
Tuesday, March 24, 2009
Monday, March 23, 2009
Done!
Thank you to everyone that helped us during the moving process! All of our "stuff" made the 8 or so mile venture unharmed!
Sunday, March 15, 2009
Friday, February 27, 2009
Bailing out a Bailouter?
According to the NY Times, yes it is my favorite current newspaper, the FDIC is going to require banks to pony up more $$ in insurance deposits because they are forecasting over 86 more banks to fail this year alone (14 have done so already and over 100 total for the year are expected).
So essentially the government is giving banks money, then forcing them to give portions of it back, just so the government can then give it out again. I wonder how much of this money is getting lost through transaction costs, overhead costs and other misc. costs. Seems to me if you are going to hand out my money, at least just do it in one transaction, not a series of 3 where everyone skims something off the top. What is this, a boot-legged "charity" with high "administrative" bills?
So essentially the government is giving banks money, then forcing them to give portions of it back, just so the government can then give it out again. I wonder how much of this money is getting lost through transaction costs, overhead costs and other misc. costs. Seems to me if you are going to hand out my money, at least just do it in one transaction, not a series of 3 where everyone skims something off the top. What is this, a boot-legged "charity" with high "administrative" bills?
Tuesday, February 24, 2009
Produce The Note
While I don't condone the activity of fighting the foreclosure of a home where an individual can no longer pay the bill - regardless of whether or not they should have been approved for their loan or not - I certainly don't condone the actions of the banks to sell off loans and mortgages in the form of bonds and other bundles with reckless abandon. Should you be facing foreclosure, there is an interesting option that many people have been taking advantage of: simply ask the bank trying to foreclose your home to produce the note which you signed and they signed showing they actually have a right to your house.
On another note, if we are trying to increase accountability within the economy, how is this supposed to help? We have the people owning the mortgages without care and without anyone honestly regulating their business practices and we have people in homes that are getting free passes and their $200. Is it surprising Wachovia, the bank in question in this video, was taken over by Citi a few months later after it promptly failed?
On another note, if we are trying to increase accountability within the economy, how is this supposed to help? We have the people owning the mortgages without care and without anyone honestly regulating their business practices and we have people in homes that are getting free passes and their $200. Is it surprising Wachovia, the bank in question in this video, was taken over by Citi a few months later after it promptly failed?
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