On May 7th, 2008 at 4:45 pm, lgm said:

Surely you’re aware that blue states pay more taxes than they receive in services and red states get more in services than they pay in taxes.

So why would you want to be a blue state? It is postulated that some or all of this disparity comes from the fact that more of the defense and related industries, and most of these are located in welcoming red states.

Additionally, the results can be attributed to either benefit the most from federal spending
programs, or paying the lowest per capita federal taxes. Taxes are generally lower in red states, so maybe conservative leadership yields more than just philosophical advantages.

Then again, maybe it doesn’t pay to harass and chase Marine recruiters. Actions have consequences. LOL!

What appalls me is that since Gramm=Leach-Briley of 1999, the formal repeal of the Glass-Steagal act, the regulation of non-bank lenders has not kept up as it has for banks..so it doesn’t surprise me that this kind of crisis has occurred…in addition to investor stupidity.

Right now the FED is taking up bad lender assets and giving those banks treasury securities in return if they bid (Term Auction Facility for bank lenders for example) for them and this is in addition to fact that the FED discount rate has now dropped to about 2% (the rate the FED charges member banks for a loan from the fed to cover liabilities)-it was over 6% a year ago has dropped rapidly since March 2008.

My professor of Economics says the FED discount rate hasn’t been this low since the Great Depression. He worked for the Fed as an economist in the late ’70s and early ’80s.

On-my-soap-box at 28

It could be that you are condemning someone for doing what you are practicing.

Nope…I clearly gave my reasoning in my first post (#11) and as DougT said at 30, these are all opinion blogs!

On May 7th, 2008 at 5:19 pm, sam.i.am said:
tropicalwave12, if you must know, the pay for horse’s a$$ is not great, but the job has great benefits, like making dim-witted real estate agents question the meaning of life.

You’re welcome.

I have also re-read your original post, as you instructed, and it is still a sniveling, whiny anecdote worthy of the waambulance reference.

I’m sorry your friends have lost their jobs, but fear not, if they can just SUCK.IT.UP until next year, they will be made U.S. citizens by the next Presidente with comprehensive immigration reform. Then they can come out of the shadows for good.

OHHH, I Get it, HUH, you thought… I mean… I guess you are *ass*uming I am a real estate agent. That I am not, in real estate I am. My post was merely written as a statement of fact that not only are the speculators and idiots not understanding the fine ways of managing $$ have driven even those well managed individuals into the ground. The friends have have discussed are hard working American Born, American Men with American Families. Mark Wilson, family man, 2 kids, lovely all American wife. Gary L.(witholding complete last name) all American Man, ownes a well drilling business, GONE, and house he has owned for 24 years, gone, why, the market has slowed and well drilling has Uh… dried up. Moved to Mississippi, hard to find work there too but he is making it. Shall I name other acceptable members of our society for you sir. How about my friend Jerome R. or Ronald C. Unintentional consequences of the housing boom. All unfortunate. SUCK IT UP I tell them. “Suck up what?” they ask.

You’re welcome.

I have also re-read your original post, as you instructed, and it is still a sniveling, whiny anecdote worthy of the waambulance reference.

I’m sorry your friends have lost their jobs, but fear not, if they can just SUCK.IT.UP until next year, they will be made U.S. citizens by the next Presidente with comprehensive immigration reform. Then they can come out of the shadows for good.

On May 7th, 2008 at 3:31 pm, brad_sk said:

The blooger just wanted to somehow fuse the housing data into election data and didn’t hesitate to use lies. I am just sad that Michelle Malkin is referring to this piece of crap.

It could be that you are condemning someone for doing what you are practicing.

As someone said, theres more foreclosures where the population is higher. Its just that and nothing more.

I see someone has addressed this already.

There is no science to this. Michelle did not suggest there was. I, for one, found it interesting (and she did as well). You want to throw a blanket over it and call people out as liars. I have a problem with that.

BrianNY said: at 23
I think that some of these red areas might be indicative of the piss poor economic conditions that already existed, exasperated by negative trend adjustable refinancing that these areas couldn’t afford.

Point taken.