The Global Financial Meltdown

There are going to be a few links to other articles in this particular posting, but I'll try to tie it all together in the end.

First link: http://michellemalkin.com/2009/02/23/hey-lady-your-800000-house-is-not-my-problem/

The title should be self-evident. :) It details what happened to a bus driver who purchased an $800,000 home. Yes, you read that correctly. She admits that she and her husband bought more house than they could afford. Yet they're saying the lender made it all too easy and is demanding that the Obamessiah stop all foreclosures.

Let me get this straight: As I've already said, I had the chance to purchase a wonderful home back when I was earning $36,000 a year. I didn't, because I knew I couldn't afford it. My mind was busy with "what if" scenarios such as "what if you get laid off?" or "what happens if I get injured and am unable to work?" I did the right thing and said "no" to all those people throwing offers at me. And now the Obamessiah, the Usurper is punishing me for having done the right thing. Since when do you punish people for making the right decisions and reward those who make poor decisions? These people admitted they bought more house than they could afford. A bus driver? In an $800,000 home? Am I the only one thinking how wrong that is??

Link #2: http://michellemalkin.com/2009/02/23/document-drop-the-truth-about-acorns-foreclosure-poster-child/

Again, the title should be self-evident. And the only reason I'm cross-posting again is because this article ties directly into the first. There is a lot of information at Ms Malkin's site about this particular link (#2). You'll want to read the entire thing, because those "unbiased" reporters have only touched the very tip of the iceberg. I'm going to quote from bits of the article (only a few bits) because you need to go there yourself and read the entire disgusting document. Donna Hanks, a "victim?" Not in this universe.

"In September 2006, the bankruptcy court ordered Hanks’ employer to deduct $340/month from her salary as a bartender to pay down the debt (total net monthly take home pay of $1,228): " (there was a document under it)

"Hanks did not comply with the plan. In December 2007, the servicer issued a notice of default on nearly $7,000 past due." (emphasis mine)

"In February 2008, Baltimore City Circuit Court records show a second foreclosure action was filed.

"She had two years to pay what she owed. She failed to comply." (emphasis mine)

"While she was reneging on her mortgage IOUS, she 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:"

Yet she's protrayed as a victim. ::snort::

And now for the next-to-last link: http://www.reuters.com/article/businessNews/idUSTRE51K0A920090221?feedType=RSS&feedName=businessNews&rpc=23&sp=true

The title of the article? "Soros sees no bottom for world financial collapse." That should scare the crap out of you.

"NEW YORK (Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

"Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union."

That should remind you of something I wrote about earlier. Here's THAT link: http://gregb1967.blogspot.com/2009/01/bernanke-two-step.html

"Dick Morris: HERE COMES SOCIALISM..."

Only this time, I'm not saying it. But I WILL say this: Gerald Celente called 2007-2008 "The Panic of '08." He's said it will be followed by "The Collapse of '09."

This comes back to what some prominent economists, including Nobel laureates, are now saying. They're not using the "R" word anymore. "R" as in "recession."

They're using the "D" word. "D" as in "depression." And we've got those money-hungry politicians, their fat lobbyists and the fatter wall street ilk to thank for it.

Mr Celente was called quite a few things because of his prediction. And yes, they weren't nice things. But now Mr Soros is saying the same thing.

Makes you wanna spit, doesn't it?