Tag: housing collapse

Both Sides of Congress Want Foreign Drug Lords To Buy U.S. Foreclosures

The serious proposals for fixing "the housing crisis" in this country have so far amounted to a) Alan Greenspan suggesting the federal government burn down the millions of vacant foreclosures across America and b) an actual government program that...

America’s Poor Beg Congress: ‘Please Forgive Our Debt, Sirs!’

The "new thing" in America is being desperately poor, until an audience of Tea Party sociopaths maniacally cheers your death outside the razor-wire fence of the hospital. But some of these uppity poors are so desperate that they've politely...

Nearly a Third of American Mortgages ‘Underwater’

The economic recovery continues to be a complete fiction, like the Harry Potter books but without all the fun sex magick. Unemployment is officially back to 9%, with real unemployment at 22%. Energy and food costs keep rising as...

Florida Loves Charlie Crist’s Sexy New Independent Spirit

America's favorite recently-married orange Floridian, Governor Charlie Crist, had to quit the Republican Party because the teabaggers didn't want him to be the new U.S. senator. Why do teabaggers hate Republicans so much? Doesn't matter! Charlie now has a...

Nobody’s Making the House Payment, Nobody’s Getting New Mortgages

Despite the complete recovery of the American Economy -- what, did you miss it? -- a record 14% of households with mortgages are currently delinquent. That's more than 7 million households. Another survey says 10% of all mortgages are...

Lamest Teabagging Party In America

Wonkette operative "Laura" sends this cell-phone shot from the High Desert stucco ghetto of Victorville, California. This is one of the lamest fucking places in America, the fat diabetic heart of the housing collapse, basically everyone is on the...

Huge New Job Losses Send Stocks Soaring!

It's another new new unemployment record, America! The happy month of March saw 669,000 U.S. jobs vanish, bringing the jobless rate up to 8.5% -- the highest since the end of Reagan's Lil' Depression at the end of 1982....

Obama Will Pay Your Mortgage, Losers!

The catastrophic news of the day is much like the catastrophic news of the past 18 months or so: OH JESUS, HOUSES, WHAT TO DO? Since the mid 1970s, the answer for many Chicago people has been "Move to...

Fed Slashes U.S. Interest Rate To Basically Zero

Wasn't the Fed supposed to cut rates in half today, from 1 percent to 0.5 percent? Well, that wasn't good enough, for this failed economy and economic system. So now it's "near zero," which means "zero." Just like Japan...

Triple-Digit Dow Decline Reversed On News Of 4,000 Cheap New Homes Sold, A Month Ago, Before The Financial Collapse

Sometimes the stock market is more "faith based" than a mall-church full of unemployed white trash. The Dow did a triple-digit plunge this morning, because the world is actually ending, especially the "making money" part, but it suddenly did...

Bush/Paulson’s New Communist America Can’t Even Fix Housing Collapse

Turns out we didn't need "stealth socialist" Barack Obama to pervert capitalist America into a crumbling nationalized economy run in private by a dome-skulled kleptocracy as our nation's battered military wastes away in the forgotten bummer of a civil...