CONTACT INFORMATION :


About Me:
Real Name: Duncan Black
Age: 38
Location: Philadelphia


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Jeebus

It isn't about uncertainty or appetite for risk, it's about not having any fucking income.

 
Saturday Night

enjoy

 
Entitled

Nothing else to add to this story.

 
Afternoon Thread

enjoy

 
The Eastern Press

Cranky John McCain turns on his base. No more turns on the tire swing for them!

 
When Liberalism Doesn't Work It Discredits Liberalism

Aside from the fact that I'm not happy with certain outcomes, if you do liberalism badly then people get it in their heads that maybe liberalism is pretty sucky. The economy sucks and HAMP was a complete failure, whether deliberately or not, and that's what people know.

 
Pastor Gerson Explains The World

NPR had on Pastor Gerson, a man who had no small part in helping to liberate large numbers of Muslims from their lives, to discuss the Park51 "controversy." He explained the big problem is that the debate is dominated by people on one side who think that Islam is not compatible with plurality, and on the other side by people who think that all who oppose are simply bigots.

The next piece was about a bunch of bigots who are protesting a mosque somewhere in California.

 
Dumb Ideas Which Probably Won't Happen Anyway

Just to prove there's at least one SUPERTRAIN project I think is stupid.

 
Overnight



Folk on.

 
Friday Late Night

Some more banks got eated, too lazy to link. I'm sure they were tasty.

Glad that the couple of times people asked me if they should bother with HAMP I said...well...not sure...but leaning against. Walk away instead.

 
Friday Night Thread

Enjoy.

 
The Buffet Is Open

Community National Bank at Bartow, Bartow, FL

Independent National Bank, Ocala, FL

Imperial Savings and Loan Association, Martinsville, VA

 
The Horror Show Continued

Mike Konczal:

- They are sticking by HAMP. The narrative seemed to change from helping homeowners to spacing out the foreclosures. I asked them to repeat it, because the idea that billions of taxpayer dollars are being spent to smooth out foreclosures for banks struck me as new narrative – it’s explicitly extend-and-pretend, and also fairly cynical.

- There was talk about how fiscal policy can’t move through Congress. I asked them about only 0.5% of HAMP being spent and how that could be used without Congress’ permission. Before I suggest that the remainder of the $50bn be divided into two funds, the Digging Holes Across States (DHAS) fund and the Filling Holes Across States (FHAS) fund, two far more socially productive means of spending the HAMP money than what is currently being done with it, I was told that the entire $50bn is expected to be spent by the time the program is over. I didn’t believe it; we will see.

Really fucking unbelievable. As I think I said to Mike at Netroots Nation, if HAMP is actually a program designed to boost the housing market and funnel money several billion more dollars to banks, it's also a really fucking horrible and stupid and inefficient way to do that even without the "screwing people over" part.

 
Horror Show

Thanks for finally admitting the HAMP was essentially an 'extend and pretend' plan, a way to gouge a few more pennies out of desperate homeowners before dumping them on the streets. We're from the government, and we're here to fuck you over.

 
Hey, It's Friday

And another week in the month of stupid (August) is almost over. I hope the Dems are planning to roll out some new product after labor day, because "vote for us because we're not going to privatize social security" isn't really going to cut it.

 
HAMP'd

Someone should resign in disgrace but, you know, that doesn't really happen anymore.

 
Afternoon Thread

Stuff to do.

 
Destroying Their Retirement Savings

NPR had a bit about how people are cashing out their retirement plans, or in some cases taking out loans from them (better, do that if you can), due to hardship needs. We should be talking about lowering the Social Security retirement age, not increasing it.