Friday, April 28, 2006
Give Peace a Chance
VIENNA, Austria - The International Atomic Energy said Friday that had enriched uranium and persists with related activities in its nuclear program in defiance of the U.N. Security Council.
Just before the report was released, Iran's president said the country "won't give a damn" about any U.N. resolutions concerning its nuclear program.
The eight-page report, obtained by The Associated Press, said that after more than three years of an IAEA investigation, "the existing gaps in knowledge continue to be a matter of concern."
"Any progress in that regard requires full transparency and active cooperation by Iran," said the report, written by IAEA chief Mohamed ElBaradei.
The finding set the stage for a showdown in the U.N. Security Council, which is expected to meet next week and start a process that could result in punitive measures against the Islamic republic.
But Iranian President Mahmoud Ahmadinejad said no Security Council resolution could make Iran give up its nuclear program.
"The Iranian nation won't give a damn about such useless resolutions," Ahmadinejad told thousands of people Friday in Khorramdareh in northwestern Iran.
"Today, they want to force us to give up our way through threats and sanctions but those who resort to language of coercion should know that nuclear energy is a national demand and by the grace of God, today Iran is a nuclear country," state-run television quoted him as saying.
HOLY SHIT - A SCHOOL YARD FIGHT WITH NUKES
Thursday, April 27, 2006
Sister of Iraq's New Sunni Arab VP Killed
BAGHDAD, Iraq - A sister of Iraq's new Sunni Arab vice president was killed Thursday in a drive-by shooting in Baghdad, a day after the politician called for the Sunni-dominated insurgency to be crushed by force.
Mayson Ahmed Bakir al-Hashimi, 60, whose brother, Tariq al-Hashimi, was appointed by parliament as vice president on Saturday, was killed by unidentified gunmen in a BMW sedan as she was leaving her home Thursday morning with her bodyguard in southwestern Baghdad, said police Capt. Jamel Hussein. The bodyguard, Saad Ali, also died in the shooting, Hussein said.
It was the second recent killing in Tariq al-Hashimi's immediate family. On April 13, his brother, Mahmoud al-Hashimi, was shot while driving in a mostly Shiite area of eastern Baghdad.
On Thursday, two of the vice president's brothers, one an army officer, raced to the scene to recover the body of their sister, Hussein said. She had worked on the government's audit commission and was married with two grown children.
can we get the hell out of this nightmare? maybe the mob would have better luck running this place....
Mayson Ahmed Bakir al-Hashimi, 60, whose brother, Tariq al-Hashimi, was appointed by parliament as vice president on Saturday, was killed by unidentified gunmen in a BMW sedan as she was leaving her home Thursday morning with her bodyguard in southwestern Baghdad, said police Capt. Jamel Hussein. The bodyguard, Saad Ali, also died in the shooting, Hussein said.
It was the second recent killing in Tariq al-Hashimi's immediate family. On April 13, his brother, Mahmoud al-Hashimi, was shot while driving in a mostly Shiite area of eastern Baghdad.
On Thursday, two of the vice president's brothers, one an army officer, raced to the scene to recover the body of their sister, Hussein said. She had worked on the government's audit commission and was married with two grown children.
can we get the hell out of this nightmare? maybe the mob would have better luck running this place....
Tuesday, April 25, 2006
Huckabee says detainees in Cuba are treated fairly
Guantanamo Bay, Cuba - Inmates at the Guantanamo Bay terrorist detainee camp in Cuba are being treated fairly by the U.S. government, Gov. Mike Huckabee said Monday after returning from a trip to the camp.
Huckabee said the detainees at the camp, which he visited on Friday, are fed respecting their religious requirements and that each detainment cell is marked, showing the direction toward Mecca.
Huckabee said he thinks the detainees' cells at Guantanamo are more comfortable than many cells in Arkansas' state prisons.
Huckabee said that, during his tour of the facility, the governors withnessed the interrogation of a detainee who was suspected of having ties to terrorist organizations. "Instead of whips and torture, we saw lengthy, yet polite exchange between interrogators and the detainee," Huckabee said.
Well there you have it. Cells are better than Arkansas and no whips and torture. Life couldn't be better. I wonder why he didn't mention the fact that they have had no right to counsel? I guess that's irrelevant since there are no whips and torture.. Thanks Governor for your diligent inquiry into the abuse.
Friday, April 21, 2006
Wednesday, April 19, 2006
Carl Bernstein calls for Senate Hearings to investigate Bush
http://www.vanityfair.com/commentary/content/articles/060417roco03
How much evidence is there to justify such action?
Certainly enough to form a consensus around a national imperative: to learn what this president and his vice president knew and when they knew it; to determine what the Bush administration has done under the guise of national security; and to find out who did what, whether legal or illegal, unconstitutional or merely under the wire, in ignorance or incompetence or with good reason, while the administration barricaded itself behind the most Draconian secrecy and disingenuous information policies of the modern presidential era.
The first fundamental question that needs to be answered by and about the president, the vice president, and their political and national-security aides, from Donald Rumsfeld to Condoleezza Rice, to Karl Rove, to Michael Chertoff, to Colin Powell, to George Tenet, to Paul Wolfowitz, to Andrew Card (and a dozen others), is whether lying, disinformation, misinformation, and manipulation of information have been a basic matter of policy—used to overwhelm dissent; to hide troublesome truths and inconvenient data from the press, public, and Congress; and to defend the president and his actions when he and they have gone awry or utterly failed.
Hell Yes... unfortunately the Democratic leadership isn't taking the bull by the horns... where are you people?
How much evidence is there to justify such action?
Certainly enough to form a consensus around a national imperative: to learn what this president and his vice president knew and when they knew it; to determine what the Bush administration has done under the guise of national security; and to find out who did what, whether legal or illegal, unconstitutional or merely under the wire, in ignorance or incompetence or with good reason, while the administration barricaded itself behind the most Draconian secrecy and disingenuous information policies of the modern presidential era.
The first fundamental question that needs to be answered by and about the president, the vice president, and their political and national-security aides, from Donald Rumsfeld to Condoleezza Rice, to Karl Rove, to Michael Chertoff, to Colin Powell, to George Tenet, to Paul Wolfowitz, to Andrew Card (and a dozen others), is whether lying, disinformation, misinformation, and manipulation of information have been a basic matter of policy—used to overwhelm dissent; to hide troublesome truths and inconvenient data from the press, public, and Congress; and to defend the president and his actions when he and they have gone awry or utterly failed.
Hell Yes... unfortunately the Democratic leadership isn't taking the bull by the horns... where are you people?
Monday, April 17, 2006
Cheney files 2005 taxes - entitled to $1.9mm refund
THE WHITE HOUSE
Office of the Vice President
For Immediate Release April 14, 2006
VICE PRESIDENT CHENEY AND MRS. CHENEY RELEASE 2005 INCOME TAX RETURN
Vice President and Mrs. Cheney released their 2005 federal income tax return today. The return shows that the Cheneys owe federal taxes for 2005 of $529,636 on taxable income of $1,961,157. The Cheneys' adjusted gross income in 2005 was $8,819,006 which was largely the result of the exercise by an independent gift administrator of stock options that had been irrevocably set aside in 2001 for charity. The Cheneys donated $6,869,655 to charity in 2005 from the exercise of these stock options under the terms of the Gift Administration Agreement and from Mrs. Cheney's book royalties from Simon & Schuster on her books America: A Patriotic Primer, A is for Abigail: An Almanac of Amazing American Woman, and When Washington Crossed the Delaware: A Wintertime Story for Young Patriots. As provided in the Gift Administration Agreement, gifts were made to three designated charities named in that Agreement. The Cheneys' return was filed on March 20, 2006.
During the course of 2005 the Cheneys paid $2,468,566 in taxes through withholding and estimated tax payments. Taxes were withheld from their salaries and from the net proceeds of stock options that were exercised under the Gift Administration Agreement. Given that the option proceeds were dedicated to charity, there was a substantial over withholding in 2005 from the income attributable to the exercise of the stock options, which reduced the amount available for charity in 2005.
To enable the gift administrator to maximize the charitable gifts in 2005, the year in which the options were exercised, the Cheneys wrote a personal check in December 2005 to the gift administrator in the amount of $2,331,400. That amount, combined with the net proceeds from the stock options, was given to the three designated charities by the gift administrator. As a consequence, the Cheneys are entitled to a refund of $1,938,930. This refund returns the Cheneys to a neutral position of no personal financial benefit or financial detriment resulting from the transactions under the Gift Administration Agreement. Thus, the Cheneys received no financial benefit from the stock options. The transactions were tax neutral to the Cheneys. The amount of taxes paid by the Cheneys from their income, other than the income from the exercise of the stock options, was the equivalent of what they would have paid if the options had not been exercised.
So the office of VP earns roughly $200,000/year and the Cheney's are able to convert that into a $2,000,000 refund..
supply-side economics working its magic
also it's worth noting that the stock price of Halliburton is up 300% since we invaded Iraq.....
nice return Dick
Office of the Vice President
For Immediate Release April 14, 2006
VICE PRESIDENT CHENEY AND MRS. CHENEY RELEASE 2005 INCOME TAX RETURN
Vice President and Mrs. Cheney released their 2005 federal income tax return today. The return shows that the Cheneys owe federal taxes for 2005 of $529,636 on taxable income of $1,961,157. The Cheneys' adjusted gross income in 2005 was $8,819,006 which was largely the result of the exercise by an independent gift administrator of stock options that had been irrevocably set aside in 2001 for charity. The Cheneys donated $6,869,655 to charity in 2005 from the exercise of these stock options under the terms of the Gift Administration Agreement and from Mrs. Cheney's book royalties from Simon & Schuster on her books America: A Patriotic Primer, A is for Abigail: An Almanac of Amazing American Woman, and When Washington Crossed the Delaware: A Wintertime Story for Young Patriots. As provided in the Gift Administration Agreement, gifts were made to three designated charities named in that Agreement. The Cheneys' return was filed on March 20, 2006.
During the course of 2005 the Cheneys paid $2,468,566 in taxes through withholding and estimated tax payments. Taxes were withheld from their salaries and from the net proceeds of stock options that were exercised under the Gift Administration Agreement. Given that the option proceeds were dedicated to charity, there was a substantial over withholding in 2005 from the income attributable to the exercise of the stock options, which reduced the amount available for charity in 2005.
To enable the gift administrator to maximize the charitable gifts in 2005, the year in which the options were exercised, the Cheneys wrote a personal check in December 2005 to the gift administrator in the amount of $2,331,400. That amount, combined with the net proceeds from the stock options, was given to the three designated charities by the gift administrator. As a consequence, the Cheneys are entitled to a refund of $1,938,930. This refund returns the Cheneys to a neutral position of no personal financial benefit or financial detriment resulting from the transactions under the Gift Administration Agreement. Thus, the Cheneys received no financial benefit from the stock options. The transactions were tax neutral to the Cheneys. The amount of taxes paid by the Cheneys from their income, other than the income from the exercise of the stock options, was the equivalent of what they would have paid if the options had not been exercised.
So the office of VP earns roughly $200,000/year and the Cheney's are able to convert that into a $2,000,000 refund..
supply-side economics working its magic
also it's worth noting that the stock price of Halliburton is up 300% since we invaded Iraq.....
nice return Dick
Roller Derby is Back - Hop on Board w/ NWA Rollergirls
http://www.myspace.com/nwarollergirls
We are building a League in Northwest Arkansas! We need all the volunteers we can get. If you want to skate, be in the support crew, do creative work, run around and talk shite about us, whatever - let me know on here or at nwarollerderby@yahoo.com
Rollergirls and the people who love them. Peoples who want to help. Loudmouths, pencil pushers, whores, geeks, nerds, dorks, rich people with disposable money, rink owners, musicians, bitch boys (and girls), big strong peoples, little strong peoples, artists, designers, ANYONE who wants to be a part of the bad assness.
Sounds like the fireside chaps.. our kinda chicks.
One of our beloved sisters is one of the lead jammers... she used to wield a chainsaw, now she will be chopping down competition in the roller rink.
let's all support the nwakansas roller girls
Wednesday, April 12, 2006
Report Raises New Questions on Bush, WMDs
WASHINGTON - The White House faced new questions Wednesday about
President Bush's contention three years ago that weapons of mass destruction had been found in Iraq.
The Washington Post reported that a Pentagon sponsored team of experts determined in May 2003 that two small trailers were not used to make biological weapons. Yet two days after the team sent its findings to Washington in a classified report, Bush declared just the opposite.
"We have found the weapons of mass destruction," Bush said in an interview with a Polish TV station. "We found biological laboratories."
Bush spokesman Scott McClellan said Wednesday that Bush was relying on information from the Central Intelligence and the Defense Intelligence Agency when he said the trailers seized after the 2003 invasion were mobile biological laboratories. That information was later discredited by the Iraq Survey Group in its 2004 report. and DIA publicly issued an assessment one day after the Pentagon team's report arrived in Washington that said U.S. officials were confident that the trailers were used to produce biological weapons. The assessment said the mobile facilities represented "the strongest evidence to date that Iraq was hiding a biological warfare program."
I'm so sick of this bullshit.. why can't we just end this mother fucking nightmare???
President Bush's contention three years ago that weapons of mass destruction had been found in Iraq.
The Washington Post reported that a Pentagon sponsored team of experts determined in May 2003 that two small trailers were not used to make biological weapons. Yet two days after the team sent its findings to Washington in a classified report, Bush declared just the opposite.
"We have found the weapons of mass destruction," Bush said in an interview with a Polish TV station. "We found biological laboratories."
Bush spokesman Scott McClellan said Wednesday that Bush was relying on information from the Central Intelligence and the Defense Intelligence Agency when he said the trailers seized after the 2003 invasion were mobile biological laboratories. That information was later discredited by the Iraq Survey Group in its 2004 report. and DIA publicly issued an assessment one day after the Pentagon team's report arrived in Washington that said U.S. officials were confident that the trailers were used to produce biological weapons. The assessment said the mobile facilities represented "the strongest evidence to date that Iraq was hiding a biological warfare program."
I'm so sick of this bullshit.. why can't we just end this mother fucking nightmare???
Deaths of U.S. Soldiers Climb Again in Iraq
http://www.nytimes.com/2006/04/12/world/13cnd-iraq.html?hp&ex=1144900800&en=367630fb5e3cb849&ei=5094&partner=homepage
BAGHDAD, Iraq, April 12 - The death toll for American troops is rising steeply this month, with the military today announcing the deaths of two more soldiers, bringing the number of troops killed this month to at least 33. That figure already surpasses the American military deaths for all of March, and could signal a renewed insurgent offensive against the American presence here.
That's odd... to hear the Bush Administration talk, you'd think that we were seeing fewer casualties. Thank god there's no civil war in Iraq
Monday, April 10, 2006
Sunday, April 09, 2006
Next Stop, Iran - by: Seymour Hersh
http://www.newyorker.com/fact/content/articles/060417fa_fact
Heck, this experiment is going so well in neighboring Iraq, why don't we just try it on Iran.. I know, I know, Iran is twice the size as Iraq, but we'll just outsmart 'em.... he he he
one word: Armageddon
Why do you think Iran is attempting to build a nuke? A US invasion if neighboring Iraq is a pretty good reason, not to mention they hate us already. How can we manage to fight a ground war in Iraq, an air war in Iran, a ground war in Afghanistan and still have to deal with Syria to the West and Isreal and Palestine? This has WWIII written all over it.
Heck, this experiment is going so well in neighboring Iraq, why don't we just try it on Iran.. I know, I know, Iran is twice the size as Iraq, but we'll just outsmart 'em.... he he he
one word: Armageddon
Why do you think Iran is attempting to build a nuke? A US invasion if neighboring Iraq is a pretty good reason, not to mention they hate us already. How can we manage to fight a ground war in Iraq, an air war in Iran, a ground war in Afghanistan and still have to deal with Syria to the West and Isreal and Palestine? This has WWIII written all over it.
Saturday, April 08, 2006
Official: Iraq in 'Undeclared Civil War'
BAGHDAD, Iraq - A car bomb killed six people Saturday near a Shiite shrine south of Baghdad, and the death toll from the deadliest attack of the year rose to nearly 90. A senior official warned Iraq was in an "undeclared civil war" that can be curbed only by a strong government and greater powers for security services.
Fears of more attacks are running high in Shiite areas following the Thursday car bombing that killed 10 in the Shiite holy city of Najaf and the suicide attack the following day against a Shiite mosque in Baghdad — the deadliest attack in Iraq this year.
The attacks on houses of worship have stoked tensions between Shiite and Sunni Muslims, especially after the Feb. 22 bombing of a Shiite shrine in Samarra, an act that triggered reprisal attacks against Sunni mosques and clerics.
Despite the violence, U.S. officials have discounted talk of civil war. However, a senior Iraqi official said Saturday that an "undeclared civil war" had already been raging for more than a year.
"Is there a civil war? Yes, there is an undeclared civil war that has been there for a year or more," Maj. Gen. Hussein Kamal told The Associated Press. "All these bodies that are discovered in Baghdad, the slaughter of pilgrims heading to holy sites, the explosions, the destruction, the attacks against the mosques are all part of this."
Ahhh.... General, maybe you didn't get the memo from the White House. Accounts of the civil war in Iraq are blown out of proportion.. just ask Bush, Cheney, Rummy, Condi and any of the Republican candidates running for President. They'll set the record straight...
Friday, April 07, 2006
Mosque Suicide Bombers Kill 79 in Baghdad
BAGHDAD, Iraq - Suicide attackers wearing women's robes blew themselves up Friday in a Shiite mosque, killing 79 people and wounding more than 160, police said. It was the deadliest single attack in Iraq this year and the second major bombing of a Shiite target in as many days.
Police Lt. Col. Falah al-Mohammedawi said the blasts were caused by two suicide attackers wearing black abayas at the Buratha mosque, which is affiliated with the Supreme Council for the Islamic Revolution in Iraq, the main Shiite party.
Jalal Eddin al-Sagheer, the preacher at the mosque and one of the country's leading politicians, said there were three assailants. One came through the women's security checkpoint and blew up first, he said. Another raced into the mosque's courtyard while a third came to his office before detonating his bomb, said al-Sagheer, who was not injured.
He accused Sunni politicians and clerics of waging "a campaign of distortions and lies against the Buratha mosque, claiming that it includes Sunni prisoners and mass graves of Sunnis."
"Shiites are the ones who are targeted as part of this dirty sectarian war waged against them as the world watches silently," he told Al-Arabiya television.
ClusterFuckabee? I thought there was no civil war.. I thought it was being blown out of proportion.... I guess you'd just sit around, pray to Jesus H Christ and everything would turn out fine...
man, you should run for President.
Police Lt. Col. Falah al-Mohammedawi said the blasts were caused by two suicide attackers wearing black abayas at the Buratha mosque, which is affiliated with the Supreme Council for the Islamic Revolution in Iraq, the main Shiite party.
Jalal Eddin al-Sagheer, the preacher at the mosque and one of the country's leading politicians, said there were three assailants. One came through the women's security checkpoint and blew up first, he said. Another raced into the mosque's courtyard while a third came to his office before detonating his bomb, said al-Sagheer, who was not injured.
He accused Sunni politicians and clerics of waging "a campaign of distortions and lies against the Buratha mosque, claiming that it includes Sunni prisoners and mass graves of Sunnis."
"Shiites are the ones who are targeted as part of this dirty sectarian war waged against them as the world watches silently," he told Al-Arabiya television.
ClusterFuckabee? I thought there was no civil war.. I thought it was being blown out of proportion.... I guess you'd just sit around, pray to Jesus H Christ and everything would turn out fine...
man, you should run for President.
Thursday, April 06, 2006
Happy Birthday to Mr Baber (pronounced Babaarrr)
Happy Birthday to me, happy birthday to me, happy birthday to meeeee... happy birthday to me.. and many more.....................
thanks for having us over for some good times.
Wednesday, April 05, 2006
Scientists Get Clues on How Planets Form
http://news.yahoo.com/s/ap/20060405/ap_on_sc/supernova_explosion
duhhhhh..... I thought god created the universe...
Tuesday, April 04, 2006
"Loyal" donkeys better than wives
NEW DELHI (Reuters) - A textbook used at schools in the Indian state of Rajasthan compares housewives to donkeys, and suggests the animals make better companions as they complain less and are more loyal to their "masters," The Times of India reported Tuesday.
"A donkey is like a housewife ... In fact, the donkey is a shade better, for while the housewife may sometimes complain and walk off to her parents' home, you'll never catch the donkey being disloyal to his master," the newspaper reported, quoting a Hindi-language primer meant for 14-year-olds.
hmmmmm...........................
no comment
"A donkey is like a housewife ... In fact, the donkey is a shade better, for while the housewife may sometimes complain and walk off to her parents' home, you'll never catch the donkey being disloyal to his master," the newspaper reported, quoting a Hindi-language primer meant for 14-year-olds.
hmmmmm...........................
no comment
Workers Have Retirement 'Overconfidence'
NEW YORK - The majority of American workers think they'll be able to retire comfortably, but most aren't saving nearly enough to meet that goal, according to a new study.
The Employee Benefit Research Institute's annual retirement confidence survey, released Tuesday, found that about 68 percent of workers are confident about having adequate funds for a comfortable retirement, up slightly from 65 percent in 2005.
At the same time, more than half of all workers say they've saved less than $25,000 toward retirement, according to the Washington, D.C., based research group. Even among workers 55 and older, more than four in 10 have retirement savings under $25,000.
"`Overconfidence' is the word that comes to mind," said Jack VanDerhei, co-author of the study.
He said that the poor savings performance was especially troubling because it comes as many of the nation's employers are eliminating the defined benefit plans — better known as pensions — that have buoyed the retirements of current workers' parents and grandparents. Many companies also are eliminating retiree health care coverage or asking retirees to contribute more for it.
$25,000?
That isn't even enough to cover their credit card debt.
If the Bush administration's inflation policy is successful, $25,000 might be enough to buy groceries for a couple of months.. maybe it will cover your electricity bill for the year but i doubt it..
another puke factor setting in..
note to self: pay off debt and save cash
The Employee Benefit Research Institute's annual retirement confidence survey, released Tuesday, found that about 68 percent of workers are confident about having adequate funds for a comfortable retirement, up slightly from 65 percent in 2005.
At the same time, more than half of all workers say they've saved less than $25,000 toward retirement, according to the Washington, D.C., based research group. Even among workers 55 and older, more than four in 10 have retirement savings under $25,000.
"`Overconfidence' is the word that comes to mind," said Jack VanDerhei, co-author of the study.
He said that the poor savings performance was especially troubling because it comes as many of the nation's employers are eliminating the defined benefit plans — better known as pensions — that have buoyed the retirements of current workers' parents and grandparents. Many companies also are eliminating retiree health care coverage or asking retirees to contribute more for it.
$25,000?
That isn't even enough to cover their credit card debt.
If the Bush administration's inflation policy is successful, $25,000 might be enough to buy groceries for a couple of months.. maybe it will cover your electricity bill for the year but i doubt it..
another puke factor setting in..
note to self: pay off debt and save cash
Monday, April 03, 2006
Some homeowners struggle to keep up with adjustable rates
For 45 years, Robert and Lorraine Brown have lived in their ranch-style home in Florissant, Mo. One of their four children was even born there. But for the past eight months, the couple have been locked in a sleep-wrecking race to keep up with their rising mortgage bills. They've switched to cheaper phone service, cut back on groceries and sometimes put off ordering medicine.
When they refinanced their home two years ago to pay off some bills, Robert, now 78, was working as a deliveryman. But his employer went out of business last April. Now he and Lorraine, 72, a retired nurse, are both seeking work. The rate on their mortgage has jumped from 7% to 10.5%.
"We were having a hard time meeting bills at the time we refinanced. It seems once you get behind, you do desperate things to catch up, and you never do," says Lorraine, trying to hold back tears. "At the time of the loan, they tell you, 'Well, it may go up, but it's probably going to go down.' You want it to be so, so you believe it."
They feel alone, but they're not. America's five-year real estate boom was fueled partly by a tempting array of cut-rate mortgages that helped millions of Americans qualify for home or refinance loans. To afford soaring home prices, many turned to adjustable-rate and other, riskier loans with low initial payments. The homeownership rate hit a record 70%.
Now, the real estate market is cooling, interest rates are rising and tens of thousands more Americans are starting to have trouble paying their mortgages. Nearly 25% of mortgages - 10 million - carry adjustable interest rates. And most of them went to people with subpar credit ratings who accepted higher interest rates, according to the Mortgage Bankers Association.
"Thanks Mr. President. Thanks for fucking us up the ass. When I have to declare bankruptcy, I'll call you for some help."
he he he... i got a new slogan for the next republican nominee..." no money, no credit, no loans, no dice mother fucker.."
"sounds great Mom!!!!!"
When they refinanced their home two years ago to pay off some bills, Robert, now 78, was working as a deliveryman. But his employer went out of business last April. Now he and Lorraine, 72, a retired nurse, are both seeking work. The rate on their mortgage has jumped from 7% to 10.5%.
"We were having a hard time meeting bills at the time we refinanced. It seems once you get behind, you do desperate things to catch up, and you never do," says Lorraine, trying to hold back tears. "At the time of the loan, they tell you, 'Well, it may go up, but it's probably going to go down.' You want it to be so, so you believe it."
They feel alone, but they're not. America's five-year real estate boom was fueled partly by a tempting array of cut-rate mortgages that helped millions of Americans qualify for home or refinance loans. To afford soaring home prices, many turned to adjustable-rate and other, riskier loans with low initial payments. The homeownership rate hit a record 70%.
Now, the real estate market is cooling, interest rates are rising and tens of thousands more Americans are starting to have trouble paying their mortgages. Nearly 25% of mortgages - 10 million - carry adjustable interest rates. And most of them went to people with subpar credit ratings who accepted higher interest rates, according to the Mortgage Bankers Association.
"Thanks Mr. President. Thanks for fucking us up the ass. When I have to declare bankruptcy, I'll call you for some help."
he he he... i got a new slogan for the next republican nominee..." no money, no credit, no loans, no dice mother fucker.."
"sounds great Mom!!!!!"
Sunday, April 02, 2006
Whittaker shoots 4th RD 67 to finish -5 (T34) at Sugarloaf
Nice finish Ron Ron.. way to get back in the groove
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