Char

We made money until the last quarter of 2008... all the 'down bars' started that last quarter... I already know what the first quarter of 2009 is gonna look like, I can tell that by watching the markets, in fact I now wish I had rolled in into something else in December, I was hoping it would go up, but, no chance, it's far worse now.

This first quarter of 2009 is gonna take a HUGE bite out of us.

We're seeing a consultant in a few weeks to see what we can do to get our money out of the market... 'cause it seems the bottom is nowhere in sight.

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"We had to get rid of the kids, the DOG was allergic!"

Char

I personally blame the start of the downturn in Clinton and the NAFTA agreement. When a lot of businesses moved out of the USA.

Yes, the stock market dropped big time when Obama signed that pork 'stimulus' plan, that was all over the news. The stock market knew it was a bad move, and it showed via big drops.

As far as 'hate'... I see a HUGE love loss in general, no one seems to give a schitt about anyone anymore. I simply care about my future, and the future of my family and friends. Not that I can do anything about it... I can't, but, I'll be damned if I'm gonna put a bunch of blind faith in a 'community organizer' to determine my future.

When I live in a state the depends on coal, and, I watch (with my own eyes on TV) Obama say "Let them build clean coal power plants, I'll bankrupt them", yea, that doesn't make me real fond of the man.

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"We had to get rid of the kids, the DOG was allergic!"

Char

Oh, ok... I forgot what this thread was about... ACORN mobbing homes, yea, real classy, mature thing to do. I want no part of it myself. I just consider the source.

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"We had to get rid of the kids, the DOG was allergic!"

SurferGirl

http://article.nationalreview.com/?q...WJmY2I=&w=MA==
The ACORN Obama Knows
Spreading socialism on the taxpayer’s dime.

By Michelle Malkin

If you don’t know what ACORN (the Association of Community Organizations for Reform Now) is all about, you better bone up. This left-wing group takes in 40 percent of its revenues from American taxpayers — you and me — and has leveraged nearly four decades of government subsidies to fund affiliates that promote the welfare state and undermine capitalism and self-reliance, some of which have been implicated in perpetuating illegal immigration and encouraging voter fraud. A new whistleblower report from the Consumer Rights League documents how Chicago-based ACORN has commingled public tax dollars with political projects.

Who in Washington will fight to ensure that your money isn’t being spent on these radical activities?

Don’t bother asking Barack Obama. He cut his ideological teeth working with ACORN as a “community organizer” and legal representative. Naturally, ACORN’s political action committee has warmly endorsed his presidential candidacy. ACORN head Maude Hurd gushes that Obama is the candidate who “best understands and can affect change on the issues ACORN cares about” — like ensuring their massive pipeline to your hard-earned money. Let’s take a closer look at the ACORN Obama knows.
Last July, ACORN settled the largest case of voter fraud in the history of Washington State. Seven ACORN workers had submitted nearly 2,000 bogus voter-registration forms. According to case records, they flipped through phone books for names to use on the forms, including “Leon Spinks,” “Frekkie Magoal” and “Fruto Boy Crispila.” Three ACORN election hoaxers pleaded guilty in October. A King County prosecutor called ACORN’s criminal sabotage “an act of vandalism upon the voter rolls.”

The group’s vandalism on electoral integrity is systemic. ACORN has been implicated in similar voter-fraud schemes in Missouri, Ohio, and at least 12 other states. The Wall Street Journal noted: “In Ohio in 2004, a worker for one affiliate was given crack cocaine in exchange for fraudulent registrations that included underage voters, dead voters and pillars of the community named Mary Poppins, Dick Tracy and Jive Turkey. During a congressional hearing in Ohio in the aftermath of the 2004 election, officials from several counties in the state explained ACORN’s practice of dumping thousands of registration forms in their lap on the submission deadline, even though the forms had been collected months earlier.”

In March, Philadelphia elections officials accused the nonprofit advocacy group of filing fraudulent voter registrations in advance of the April 22nd Pennsylvania primary. The charges have been forwarded to the city district attorney’s office.

Under the guise of “consumer advocacy,” ACORN has received money from the Department of Housing and Urban Development. HUD funds hundreds, if not thousands, of left-wing “anti-poverty” groups across the country led by ACORN. Last October, HUD announced more than $44 million in new housing-counseling grants to over 400 state and local efforts. The White House has increased funding for housing counseling by 150 percent since George W. Bush took office in 2001, despite the role most of these recipients play as activist satellites of the Democratic Party. The AARP scored nearly $400,000 for training; the National Council of La Raza (“The Race”) scooped up more than $1.3 million; the National Urban League raked in nearly $1 million; and the ACORN Housing Corporation received more than $1.6 million.

SurferGirl

As the Consumer Rights League points out in its new exposé, the ACORN Housing Corporation has worked to obtain mortgages for illegal aliens in partnership with Citibank. It relies on undocumented income, “under the table” money, which may not be reported to the Internal Revenue Service. Moreover, the group’s “financial justice” operations attack lenders for “exotic” loans, while recommending 10-year interest-only loans (which deny equity to the buyer) and risky reverse mortgages. Whistleblower documents reveal internal discussions among the group that blur the lines between its tax-exempt housing work and its aggressive electioneering activities. The group appears to shake down corporate interests with relentless PR attacks, and then enters “no lobby” agreements with targeted corporations after receiving payment.
Republicans have largely looked the other way as ACORN has expanded its government-funded empire. But finally, a few conservative voices in Congress have called for investigation of the group’s apparent extortion schemes. This week, GOP Reps. Tom Feeney, Jeb Hensarling, and Ed Royce called on Democrat Barney Frank, chair of the House Financial Services Committee, to convene a hearing to probe potential illegalities and abuse of taxpayer funds by ACORN’s management and minions alike.

Where does the candidate of Hope and Change — the candidate of Reform and New Politics — stand on the issue? Barack Obama, ACORN’s senator, is for more of the same old, same old subsidizing of far-left politics in the name of fighting for the poor while enriching ideological cronies. That’s the Chicago way.

— Michelle Malkin is author of Unhinged: Exposing Liberals Gone Wild.

Jolie Rouge

Those were the "Limo Libs" who all swore they would leave the country is McCain won ... the thread is "Promises, Promises..." because the same ones pledged to move if Bush won in 2000 or 2004 ... strangely enough ... they never left



No tears for these foreclosure “victims”
February 25, 2009

My column this week expands on my debunking of ACORN’s sob story foreclosure “victims.” In the latest developments on the Baltimore ACORN break-in, ACORN activist Donna Hanks was arrested and criminally charged. Just one more on top of her other brushes with the law (which the Washington Post and others have yet to report). The column also reports on the shady background of ACORN Baltimore leader Louis Beverly, who was arrested earlier this week for burglary after the break-in (and has also racked up quite a criminal history). Much more to come... http://insidecharmcity.com/2009/02/2...corn-break-in/

I joke that the jobless, welfare-dependent Octomom may soon be enlisted to serve as a new ACORN sob story victim. Here’s a screenshot of the photo accompanying the story about her impending foreclosure: http://www.usmagazine.com/news/octo-...-march-2009232



These foreclosure “victims” deserve no sympathy
by Michelle Malkin

It shouldn’t be long before ACORN recruits “Octomom” Nadya Suleman to serve as the radical, left-wing group’s new foreclosure poster child. The jobless, unmarried mother of 14 faces eviction from her family home in two weeks. Suleman’s mother, who owns the residence, hasn’t sent mortgage checks in 10 months and owes $23,000 in back payments. Nonetheless, the plastic surgery-enhanced, welfare-dependent Octomom was photographed this week at a video store splurging on games for her brood.

With her warped financial priorities, Suleman fits right in with the militant moochers at the Association of Community Organizations for Reform Now. As I reported last week, ACORN launched a lawless “civil disobedience” campaign across the country to demand their housing entitlement rights. With this well-oiled propaganda campaign buoying his efforts, President Obama used his State of the Union address last night to advance his push for a massive government home foreclosure plan that will help “responsible homeowners avoid foreclosure.”

But a closer look at ACORN’s sob stories shows that the prototypical foreclosure “victims” by the Left don’t deserve an ounce of sympathy – or a cent of our money.

Earlier this week, ACORN activists broke into a foreclosed home in Baltimore. With a mob cheering and camera crew taping, ACORN leader Louis Beverly busted a padlock and jimmied the door open at 315 South Ellwood Ave. The home once belonged to restaurant worker Donna Hanks, who assailed her evil bank for raising her mortgage by $300 and leaving her on the street. “This is our house now,” Beverly declared with Hanks by his side at the break-in.

What ACORN didn’t tell you: Hanks’ house was sold in June 2008 for $192,000. She bought the two-story home in the summer of 2001 for $87,000. At some point during the next five years, she re-financed the original home loan for $270,000. Where did all that money go? (Hint: Think house-sized ATM.)

The property initially went into foreclosure proceedings in the spring of 2006. Hanks soon filed for bankruptcy and agreed to a Chapter 13 plan to pay back her bank and other creditors. In September 2006, the bankruptcy court ordered Hanks’ employer to deduct $340/month from her salary to pay down the debt. Hanks did not comply with the legally binding plan. In December 2007, the loan servicer issued a notice of default on nearly $7,000 past due.

While she was reneging on her mortgage IOUS, she somehow managed to collect rent on her basement (for which she was taken to court) and rack up a criminal record on charges of theft and second-degree assault. The house was sold seven months ago after two years of court-negotiated attempts to allow Hanks to dig herself out of her debt hole.

Baltimore ACORN leader Louis Beverly, who also claims to be a foreclosure victim himself, was charged with burglary for the break-in and released. He is literally a housing thug – having been charged with separate second-degree assault and property destruction charges earlier this year and battery, assault, handgun possession and possession of a deadly weapon with intent to injure in 1992; and slapped with a peace order issued against him in 2006.

The Washington Post spotlighted Beverly and Hanks’ activism without ever following up on their criminal records and financial negligence. http://www.washingtonpost.com/wp-dyn...103112_pf.html

Here is what the MSM won’t be telling you about the so-called “victim” in that case, ACORN worker Donna Hanks — all based on public records and court documents.

According to real property data search information, Hanks bought the two-story home in the summer of 2001 for $87,000. At some point in the next five years, she re-financed the original home loan for $270,000.

Question: Where did all that money go?

The house initially went into foreclosure proceedings in the spring of 2006. In July 2006, Hanks filed for bankruptcy and agreed to a Chapter 13 plan which was served to the following creditors: Americas Servicing Co, Bank Of America, Chase, Covahey, Boozer, Devan & Dore, and Discover. She agreed to repay $10,500 in arrears, which resulted in a halt to the 2006 foreclosure.



The paper also shilled for ubiquitous ACORN foreclosure “victim” Veronica Peterson of Columbia, Md., recycling uncritically her accusation that she had been tricked into buying a $545,000 home by a broker who inflated her income and misrepresented her assets. “These loans were weapons of mass destruction,” the single mom of three and home daycare provider who couldn’t keep up with her mortgage bills told the Post reporter. “They destroyed our credit, our lives, and they blew up in our face.’” http://www.citypaper.com/digest.asp?id=16077

But a look at court and real estate records exposed the truth. Edward Ericcson, Jr., a reporter for the independent Baltimore City Paper discovered that the “victim” — who took out a full mortgage with no down payment on a house she couldn’t afford — looks more like a predatory borrower. And amazingly, Peterson lived in the home more than year without paying rent or mortgage.

“The online court and land records show that Peterson closed on the house on Nov. 3, 2006, with two loans from Washington Mutual. The main mortgage, for $436,000, had a starting interest rate of 8.5 percent, adjusting in December…The second loan, often called a “piggyback,” totaled $109,000 with an interest rate of 11.25 percent…Those two payments together would have totaled $3,386.17 per month.

That’s before property taxes, upkeep, utilities, etc. Peterson would have to earn at least $50,000 per year just to make her house payments.”

The foreclosure was filed in July 2007. “The balance on the main note then was $435,735.86,” Ericcson reporters, plus unpaid interest and late fees – suggesting she made at most one payment on the house. “Had she made all of her payments, Peterson would have spent about $64,335 so far. Had she rented a similar place, she would have been charged around $2,500 per month–a total of $47,500 — since January 2007. Instead, she apparently paid nothing.”

Who are the real suckers? Who are the true victims? If only the reporters swallowing their stories were half as diligent about background checks of ACORN racketeers as they were with Joe the Plumber.

http://michellemalkin.com/2009/02/25...osure-victims/

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Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

Jolie Rouge

Hey, lady, your $800,000 house is NOT my problem

Craig Meister at the Examiner.com points me to this typical CNN sob story clip of a bus driver named Minta Garcia who is demanding that President Obama halt all foreclosures. She’s underwater on an $800,000 home.



Tell you what, Mrs. Garcia. We’ll help you out with your bad financial investment when you agree to help the rest of us make up for our stock portfolio losses.

Cry me a river.

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Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

Jolie Rouge

This is not news ... nor hard to "dig up"


7/30/2008
Victim Mentality
By Edward Ericson Jr.

The Sun's front page today is dominated by a photograph of a foreclosure "victim." Veronica Peterson is about to be thrown out of a home she bought in November 2006 with two loans totaling $545,000.
The story is about the mortgage bailout plan signed this morning by President Bush, but the new rules--which will go into effect in October--are too late to help "hundreds of thousands" of "struggling homeowners" like Peterson, The Sun observes: "The 45-year-old single mother of three and home day care operator couldn't keep up with her mortgage payments, based on adjustable interest rates of 8 1/4 and 11 1/4 percent." Her eviction notice coming any day now, Peterson doesn't "know when I'm going, I don't know where I'm going," she told the Sun.
But in the comments section below the article, hundreds of readers pointed out what the Sun's reporters and editors could not, apparently: that Peterson had no business in that house, and that she's lived there for more than a year rent- and mortgage-free. "Where do you think we can get in on this deal?" one commenter, calling himself Henry Bowman, asked another.
The online court and land records show that Peterson closed on the house on Nov. 3, 2006, with two loans from Washington Mutual. The main mortgage, for $436,000, had a starting interest rate of 8.5 percent, adjusting in December of this year to the London Interbank Offered Rate plus 4.99 percent. The second loan, often called a "piggyback," totaled $109,000 with an interest rate of 11.25 percent, according to The Sun.
Those two payments together would have totaled $3,386.17 per month. That's before property taxes, upkeep, utilities, etc. Peterson would have to earn at least $50,000 per year just to make her house payments.
But it appears that Peterson made few--if any--payments. The foreclosure was filed July 31, 2007. The balance on the main note then was $435,735.86, plus unpaid interest accrued from Jan. 1, 2007, plus $1,005.72 in late charges. This suggests that Peterson made, at most, one payment on her house: the December, 2006 payment. Given the grace periods typical in home-mortgage business, it is at least as likely that her first payment was not due until January 2007, which would mean she has made zero payments.
Had she made all of her payments, Peterson would have spent about $64,335 so far. Had she rented a similar place, she would have been charged around $2,500 per month--a total of $47,500--since January 2007. Instead, she apparently paid nothing.
"This bill doesn't do anything for the people who have lost their homes or are in the process of losing their homes," Peterson said, according to The Sun. "All the laws passed have been basically to help the lending institutions."
But if Peterson has been living in a $500,000 house (or, let's be honest, but for the real-estate bubble, it was probably never more than a $350,000 house) rent- and mortgage-free since January 2007, how much of a victim is she? And how much of a villain is Washington Mutual and its bond holders?
The Sun is right about this: There are many thousands of people like Veronica Peterson out there, and thousands of others who are losing not one, but sometimes three or more houses to foreclosure. The Sun and other media outlets should describe them with a word or phrase more accurate than "struggling homeowners."

__________________
Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

gmyers

How did they expect a single mom running a daycare ceneter to buy and 800,000 dollar house? An d she knew she couldn't afford that so theres no way she's a victim. When we bought our house all we could afford was a $56,000 one because of our income. But we found a nice one and the payments aren't that bad. But sometimes its hard to pay them. I can't imagine the notes on an $800,000 one.

pepperpot

And I'm sure you put a percentage down and paid closing costs out of pocket too.....

These people did not....:

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Mrs Pepperpot is a lady who always copes with the tricky situations that she finds herself in....

ahippiechic

She shouldn't be helped at all. There is a reason we don't have a house right now....we couldn't afford it!

Hell, maybe we should have bought a huge expensive house anyway and then I could cry and whine that I couldn't pay for it so someone would help me.

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