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ParticipantThere is some updated info in this LA Times article.
“The firefighters union in particular has become a lightning rod for blame among bitter residents, particularly after news hit that 10 Fire Department employees received salaries topping $200,000.”
ParticipantThere is some updated info in this LA Times article.
“The firefighters union in particular has become a lightning rod for blame among bitter residents, particularly after news hit that 10 Fire Department employees received salaries topping $200,000.”
ParticipantThere is some updated info in this LA Times article.
“The firefighters union in particular has become a lightning rod for blame among bitter residents, particularly after news hit that 10 Fire Department employees received salaries topping $200,000.”
ParticipantHoofah. That’s bad. I am also wondering about that new Smart Corner building. The trolley runs right through the middle of it and there are “interesting” characters milling about all hours of the day and night. My guess is that some of these HOAs are going to go bankrupt and pronto as units get foreclosed and owners quit paying their dues. Common areas will go to pot, insurance won’t get paid, lightbulbs won’t get replaced, etc…
ParticipantHoofah. That’s bad. I am also wondering about that new Smart Corner building. The trolley runs right through the middle of it and there are “interesting” characters milling about all hours of the day and night. My guess is that some of these HOAs are going to go bankrupt and pronto as units get foreclosed and owners quit paying their dues. Common areas will go to pot, insurance won’t get paid, lightbulbs won’t get replaced, etc…
ParticipantHoofah. That’s bad. I am also wondering about that new Smart Corner building. The trolley runs right through the middle of it and there are “interesting” characters milling about all hours of the day and night. My guess is that some of these HOAs are going to go bankrupt and pronto as units get foreclosed and owners quit paying their dues. Common areas will go to pot, insurance won’t get paid, lightbulbs won’t get replaced, etc…
ParticipantHoofah. That’s bad. I am also wondering about that new Smart Corner building. The trolley runs right through the middle of it and there are “interesting” characters milling about all hours of the day and night. My guess is that some of these HOAs are going to go bankrupt and pronto as units get foreclosed and owners quit paying their dues. Common areas will go to pot, insurance won’t get paid, lightbulbs won’t get replaced, etc…
ParticipantHoofah. That’s bad. I am also wondering about that new Smart Corner building. The trolley runs right through the middle of it and there are “interesting” characters milling about all hours of the day and night. My guess is that some of these HOAs are going to go bankrupt and pronto as units get foreclosed and owners quit paying their dues. Common areas will go to pot, insurance won’t get paid, lightbulbs won’t get replaced, etc…
ParticipantAlso, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…
ParticipantAlso, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…
ParticipantAlso, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…
ParticipantAlso, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…
ParticipantAlso, don’t forget that the boomers will soon start withdrawing from their 401Ks to make ends meet. This will be a lot of new sellers in the stock market over the next few years. Not to worry, I’m sure our illegal immigrants will buy up everything they’re selling! Those strawberry pickers and vineyard workers buy a lot of stocks and mutual funds, you know…
Participanti dont understand how securitization of loans was a socialist experiment.
It wasn’t. Like you said, securitization of mortgage debt and the fraudulent rating thereof was unregulated capitalism. The socialism will come in the endgame, when unregulated capitalism produces the predictable disastrous outcome — in this case a massive wave of foreclosures. The government will either print money to deflate the value of these debts as well as their own (stealing the savings from those who have it, a “stealth” tax as it were), or by simply purchasing the bad loans and then renegotiating the terms with the borrowers to allow them to stay in their houses. There are tons of plans floating around now, but all of them will involve a transfer of wealth from those who have it to those who don’t.
A similar thing happened under FDR in the 1930s after another disastrous episode of unregulated capitalism run amok. The answer then was massive public works projects, social security, etc…
Long story short, if you don’t like socialism then make sure your capitalist system is well-regulated. Otherwise, that’s exactly what you’re going to end up with when the wheels come off the ponzi scheme and the unwashed masses demand reparations. In the 1920s it was stocks, this time it was houses.
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