Tuesday, July 08, 2008

Get My Goat

Hells on both ends of it,
A goat, a dog, a Mercedes in between.
This highway's mean.

Ala. police nab Mercedes-climbing goat:

"The goat was arrested, the Mercedes-Benz was assaulted and the dog came along for the ride.

It happened Sunday when a woman driving the Mercedes saw a goat and dog playing on U.S. 72 in northern Alabama, Sheriff Mike Blakely said."

Count me in with the libertarian, free-marketers on this one. If you bought a house way beyond your budget with a flim-flam mortgage interest rate or you tried to flip it before your payment balloned then tough titty.

I didn't buy a house because I couldn't afford it and I was smart enough not to get suckered into one of those crappy loans. Ain't nobody bailing me out.

Kill all the Republican flavored loans and let house prices free fall for another year.

And I don't ever want to hear another bitch about 'welfare mothers'. Banking, the Airline industry, oil companies and now not-so-savvy consumers suck more from the 'welfare' teat than any single mom with 3 kids.

Fed study says home price drop 'necessary':

"Large-scale government intervention in the US housing crisis would be counterproductive and prevent a 'necessary' correction in home prices, according to a Federal Reserve study released Monday."

After Prince, Metallica and Rascal Flats will be performing a laser show. (Would someone shoot Rascal Flats in the face. I'm not even sure I know of a song of theirs but I must hate them on principle.)

Seriously, doh, this will be a sight to behold.

Obama to accept nomination before 75K-strong crowd:

"Democratic presidential candidate Barack Obama will formally accept his party's nomination before a crowd of 75,000 people at Denver's football stadium, breaking the mold of party conventions that traditionally have included only party delegates and activists."

You really couldn't make anything up that was funnier.

Mini-Me's ex breaks the silence on making amateur midget porn: A woman's journey:

"On why midget's prefer sex on dry land:

'I thought it would be fun to do it in the tub,' she said. 'Sadly I almost killed him. While Verne was watching TV I ran the bath, emptied a bottle of bubbles in it and called him in. But the bubbles were so thick and high that once he climbed in he got lost under the water and I couldn't see him.'"


Anonymous said...

I have a bad (?) habit of using the "di'nt your momma ever tell you not to..." One of the versions is "...not to get an adjustable rate mortgage?!" Because my momma surely did, even though I was far too young to appreciate it. However, in my informal survey of the results two things have become clear to me. One, that some people's mommas never imparted that knowledge, and two, that a lot of people don't remember Jimmy Carter (who my momma voted for twice because he was a good christian man, pissing off my Reagan voting daddy no end). So, on the one hand, I agree with you that speculators who rolled the dice on the market deserve little mercy (those are probably the ones who don't remember the Carter administration and don't believe that market corrections could ever happen to them). On the other, I think there was a lot of wishful thinking combined with some naive policy and predatory lending that snared other people who didn't get the momma advice (and really, if their mommas didn't have mortgages, how would they?) and saw a glimmer of hope to buy into the american dream.

AAW said...

Great post, binky and I agree with most of it.

Though, I don't think the policy was naive. I believe the policy was well thought out as a cash grab for small group of people to make a shit load of money before the cards came tumbling down.

The wishful thinking was most definitely manipulated by the predatory lending. But I say "Buyer beware". Lessoned learned and all. But no bail out with my tax dollars.