Billions Meant for Struggling Homeowners May Pay Down Deficit Instead
Lois Beckett, News Analysis: “With
housing prices dropping sharply, and foreclosure filings against more
than 1 million properties in the first half of this year, the Obama
administration is scrambling for ways to help homeowners. One place they
won't be looking: an estimated $30 billion from the bailout that was
slated to help homeowners but is likely to remain unspent. Instead,
Congress has mandated that the leftover money be used to pay down the
debt. Of the $45.6 billion in Trouble Asset Relief Program funds meant
to aid homeowners, the most recent numbers available show that only
about $2 billion has actually gone out the door.”
|The Real Obama
Alexander Cockburn, Op-Ed: “As
president, Obama is not doing well. It's not just a matter of the 53
percent disapproval rating, reported Wednesday by Gallup. After
two-and-a-half years, people are beginning to come to settled opinions
about their president, and many of these aren't flattering. In 2008,
liberals and most leftists were deeply in love with Obama. They
genuinely believed the promissory notes about a better America that he
strewed along the campaign trail and has since welshed on at a rate of
well over 90 percent. The face-off over the debt ceiling, at the start
of this month, was the final straw.”
Exposed: 10 Largest Banks in America Received Secret Loans of $1.2 Trillion from Fed

Richard (RJ) Eskow, Op-Ed: “We've
just learned about the Federal Reserve's extraordinary secret bailout
of the country's big banks. We now know that the TARP bailout program
was only the tip of the iceberg, and that financial institutions
received a total of $1.2 trillion in loans and other funds while the
rest of the country was left to struggle for economic survival. We also
know that, despite all that "we got our money back" rhetoric, these
loans represent a cash giveaway to the banks that totals up to tens of
billions of dollars - while homeowners and student loan borrowers
continue to struggle. Here's what we now know about this secret bailout,
thanks to a Bloomberg report, along with what we already knew - and
what we still don't know.”
AND SO, BECAUSE I AM ONE OF THE FORTUNATE HOMEOWNERS WHOSE HOME IS NO LONGER WORTH FUCK-ALL WHO DIDN'T HAVE A FUCKING MORTGAGE TO BE FUCKED WITH BY THE BIG RICH GUYS WHO OUR PREZ SEEMS TO LOVE-A-LOT, LIKE MANY MILLIONS OF OTHERS SUDDENLY FIND MYSELF TO BE POOR FOLKS.
BEING A CLEVER OLD TIMER, I HAVE COME UP WITH WAYS TO ENHANCE OUR MEAGER INCOME. BELOW IS A PICTURE OF ONE OF THE THINGS THAT I DO THESE DAYS FOR EXTRA MONEY.
FROM WHICH I EXTRACT CLEAN SHEET AND EXTRUDED ALUMINUM, DIRTY ALUMINUM, STEEL, COPPER, BRASS, AND THE ODD VINTAGE FIXTURE TO SELL ON EBAY.
"just because you're rich don't make you smart and just because you're poor don't make you a fool"
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