Sun, 10/05/2008 - 2:53pm — lambert
AP:
AKRON, Ohio - Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her.
Well, now we know what it takes; too bad about that HOLC thing; it might have given her some hope.
You know -- not to be "mean" or anything -- somehow I've got the feeling that Hank Paulson's not going to be reaching quite that level of desperation any time soon.
Nor will his golfing buddies. Nor will all the "asset managers" who'll be hired straight out of Goldman Sachs to work for the Treasury.
Good news for everybody!
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That is just sad
Most of the discussion about things like Social Security, Medicare, and other social programs that affect the poor and elderly leave out the fact that those programs help mostly women and children, especially elderly women whose husbands have died.
Perhaps if that were brought up more, as in saying "What? You don't want to help women and children live decent lives?" more people would grasp just what is being said when the party of white guys wants to cut those programs. (We all know that the Republican party is the party of white guys, don't we?)
They want to take from women and children to fatten their wallets. That's it in a nutshell.
"A little knowledge is a dangerous thing. So is a lot." - Albert Einstein
Check Jim Rogers out--He Thinks Like Us!
Via Professor Pigginton's Econo-Almanac for the Landed Poor
Check out Betty Liu's interview with
Jim Rogers: NOT the end of the world, let 'em go bankrupt!
See what he says, about finances, ignorance and protest votes.
In 1966, every financial firm goes bankrupt in Japan...
Didn't know that.
Betty Liu is priceless, too -- in her tweed jacket! I love her reactions! That's actually one bright spot in the shitstorm, that I've started reading more Bloomberg.
Rogers: "A pox on both their houses. If we keep voting for turkeys, they'll keep sending us turkeys."
[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.
First they ignore you, then they ridicule you, then they fight you, then you win. -- Mahatma Gandhi
Paulson?
You should have seen him the evening after the House voted down the first draft of the $700B bill. Paulson was seen downing cough drops one after another. Had to send one of his aides out to buy another box. Some people were worried. Others thought it was just a calculated move to curry sympathy. It seems to have worked, though. Why else would they have caved like they did?