Monday August 1st, 2011
|Government Paying Banks to Bulldoze Perfectly Fine Homes
posted 08/01/2011, 11:19 PM (InformationLiberation)|
The government is spending taxpayer's money to help banks get rid of their unwanted homes, only to then have the homes demolished in order to keep housing prices unaffordably high.
From Bulldoze: The New Way To Foreclose in TIME Magazine:
Banks have a new remedy to America's ailing housing market: Bulldozers.... (more)
There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon have repossessed many more. Many housing economists worry that near constant stream of home sales from banks could keep housing prices down for years to come. But what if some of those homes never hit the market.
Increasingly, it appears banks are turning to demolition teams instead of realtors to rid them of their least valuable repossessed homes. Last month, Bank of America announced plans to demolish 100 foreclosed homes in the Cleveland area. The land is then going to be donated back to the local government authorities. BofA says the recent donations in Cleveland are part of a larger plan to rid itself of its least saleable properties, many of which, according to a company spokesperson, are worth less than $10,000. BofA has already donated 100 homes in Detroit and 150 in Chicago, and may add as many as nine more cities by the end of the year.
And BofA is not alone. A number of banks are ramping up their efforts not just to rid themselves of their unwanted homes, but to fully dispose of them. Fannie Mae has a program to sell houses to local municipalities for around a few hundred dollars. Wells Fargo has donated 800 homes to be demolished since 2009. JPMorgan Chase says it was one of the first banks to begin donating houses it couldn't sell, or didn't think were repairable. Since 2008, the JPMorgan has donated or sold at a discount 1,900 houses to city or county offic
|Armed Bureaucrats Are Not Public Servants -- Your Local Pizza Guy Is
posted 08/01/2011, 11:18 PM (Anthony Gregory)|
It's 9:45 PM and you forgot to eat. You'll be working on a project, there's nothing to cook quickly, and no time to go out and deal with the late-night dining selection. Who do you call?
An old friend comes over and both of you just want to sit around, catch up, and maybe have a few drinks. You're both peckish but don't want to bother with the time or effort needed for a full culinary production. Where do you turn?
There's a meeting of several peop... (more)
|Peaceful Anarchy: Imagine A Society Without the State
posted 08/01/2011, 11:12 PM (Gary D. Barnett)|
"I am an anarchist. I suppose you came here, the most of you, to see what a real, live anarchist looked like. I suppose some of you expected to see me with a bomb in one hand and a flaming torch in the other, but are disappointed in seeing neither. If such has been your ideas regarding an anarchist, you deserved to be disappointed. Anarchists are peaceable, law-abiding people. What do anarchists mean when they speak of anarchy? Webster gives the term two definitions – chaos and the st... (more)
|Anarchists should be reported, advises Westminster anti-terror police
posted 08/01/2011, 11:12 PM (The Guardian)|
[Category: Tyranny/Police State]
What should you do if you discover an anarchist living next door? Dust off your old Sex Pistols albums and hang out a black and red flag to make them feel at home? Invite them round to debate the merits of Peter Kropotkin's anarchist communism versus the individualist anarchism of Emile Armand? No – the answer, according to an official counter-terrorism notice circulated in London last week, is that you must report them to police immediately.
This was the surprising injunction fro... (more)
|Groom beaten by cops at his wedding
posted 08/01/2011, 11:12 PM (WHOTV)|
[Category: Tyranny/Police State]
DES MOINES - A groom was arrested at his own wedding reception over the weekend. Now some guests say police beat the groom while he was handcuffed. A mug shot of Jake Twombly shows his eye swollen shut and blood coming from his nose.
[...]Back-up arrived and Cullen says that's when police beat his friend. "They got him down. Two police officers put cuffs on him. He was laying on his back and this Cody Grimes, which I'm not even going to refer to him as officer because I don't thin... (more)
|Debt Deal is a Blank Check
posted 08/01/2011, 11:11 PM (Peter Schiff)|
By supposedly compromising to raise the debt ceiling, Congress and the President have now paved the way for ever higher levels of federal spending. Although, the nation was spared the trauma of borrowing restrictions, the actual risk of default existed solely in the minds of Washington politicians. But the real crisis is not, nor has it ever been, the debt ceiling. The crisis is the debt itself. Economic Armageddon would not have resulted from failure to raise the ceiling, but it will come becau... (more)
|Gold & Silver Beyond the Limit
posted 08/01/2011, 11:11 PM (Peter Schiff)|
Perhaps the debt ceiling should be renamed the "national debt target," for it seems Washington is always trying to reach it. One could say it's their only reliable, time-tested achievement. And without fail, upon reaching their national debt target, they promptly extend it further in order to discover how quickly it can once again be attained!
While I have little doubt that the ceiling will be raised, my readers have been curious as to the implications for gold in ea... (more)
|Putin says U.S. is "parasite" on global economy
posted 08/01/2011, 11:11 PM (Reuters)|
(Reuters) - Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
"They are living beyond their means and shifting a part of the weight of their problems to the world economy," Putin told the pro-Kremlin youth group Nashi while touring its lakeside summer camp some five hours drive north of Moscow.
"They are living like... (more)
|Censorship Fail Reveals Big Music ISP Spying Plan
posted 08/01/2011, 11:09 PM (TorrentFreak)|
[Category: Big Brother/Orwellian]
Previously confidential documents detailing Universal Music’s meetings with the former UK government over the Digital Economy Act are revealing a whole lot more than the pair intended. Blacked-out sections now uncovered show that Universal believed that ISPs could spy on their users and hand over information to rightsholders in order for them to sue.
|Sources: Joe Biden likens tea partiers to terrorists
posted 08/01/2011, 10:58 PM (Politico)|
Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit, according to several sources in the room.
Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting.
“We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group ... (more)
|Tax Hikes "Impossible" Under Debt Deal? Think Again
posted 08/01/2011, 10:58 PM (Fox News)|
The debt-ceiling deal moving toward a vote in Congress could easily pave the way for tax increases despite Republican claims that tax hikes are "impossible" under a deal struck with the White House to reduce spending in exchange for a debt-limit increase.
But as everyone knows, "impossible" isn't really in Washington's vocabulary.