Tag Archives: housing crisis

  Banks Win! Banks Win!

Wall Street Is Your New Landlord, Please Pay Your Rent Or The Economy Will Crash Again, Thanks!

How’s that vein in your forehead? Poppin’ fresh? No? You’re happy?! Well that won’t do at all! Here, read this story about how Wall Street firms are furiously buying up cheap homes, renting them out, refusing to treat infestations of vermin, threatening legal action against renters for things that aren’t their fault, and (of course) bundling monthly rent payments to sell as can’t-miss securities. It’s fine, though, they’re just leveraging the disastrous glut of foreclosures and the ensuing drop in home prices — you know, the key elements of the global recession that they caused in the first place — to make a quick buck, just like you would do if you were an utterly remorseless sociopathic malignancy with near-total immunity from the legal, moral, and economic consequences of your actions, so quit being such a sore loser, loser. Read more on Wall Street Is Your New Landlord, Please Pay Your Rent Or The Economy Will Crash Again, Thanks!…
  it ain't racist if people think it's true

Bloomberg Businessweek: Why Are All These Colored People Wrecking Everything Again?

Have you heard the news? The housing crisis is over! Instead, minorities are rolling around in houses full of cash. It is craziness! This must be the case, because it’s all over the cover of Businessweek, and they have never had an inappropriate cover before. What are these crazy Individuals Of Color doing with all that money? They are only going to mess everything up again! Look at the barefoot black man with the fistful of dollars and the crazed look in his eye — you think he’s going to be spending that wisely? How about the weird black lady drooling into a cereal bowl upstairs? “What could possibly go wrong?” it says, and we believe it! Everybody knows minorities caused the last housing bubble, with their whole “believing banks who were intentionally screwing them” and all. Now they have cash by the houseful, and they are going to do it again! Say it ain’t so. Read more on Bloomberg Businessweek: Why Are All These Colored People Wrecking Everything Again?…
  governor sammiches

Who Is Chris Christie Yelling at Today?

Here, enjoy this video of Chris Christie screaming at a reporter from New York who has the NERVE to ask him a follow-up question about the foreclosure fund. Why is New Jersey dead-last in the nation in terms of implementing a bunch of programs to help homeowners avoid foreclosure, the reporter may have wanted to ask? Or, alternatively, he might have wanted to say something like: that $300,000,000 the feds gave you—why are you not using it to help homeowners? Except we’re not sure what the reporter was trying to ask, because Chris Christie immediately starts yelling about blue moons and New Yorkers from out of town and HOW DARE HE, given that he (the reporter, not Chris Christie, “has his facts wrong”). Read more on Who Is Chris Christie Yelling at Today?…
  mittens' world

Mitt Romney’s Ghetto Home To Be Destroyed

The derelict city of Detroit is finally “getting serious” about razing thousands of boarded-up abandoned houses, and the worst ghetto crackhouse of all will soon be bulldozed: the childhood mansion of Mitt “Mittens” Romney. The Romneys and their servants once lived a life of Mormon Aristocracy in the five-bedroom two-story 5,500-square-foot estate in the once-grand neighborhood of Palmer Woods. (Actually, the neighborhood still looks nice beyond the Romney Slum Castle.) Why won’t Mitt Romney pay for the destruction of his awful haunted mansion instead of making Big Government take your tax dollars to knock down this horror-haus? Read more on Mitt Romney’s Ghetto Home To Be Destroyed…
 

Police Mace New Orleans’ Remaining Black People

It’s safe to say New Orleans has some housing problems these days, as in, people need housing and there isn’t any. The city planned on demolishing 4,500 public housing units today to help that situation and, in response, opponents planned a large protest outside of City Hall. At some point the police must have gotten a little uneasy because they shut the City Hall gates. The protesters broke through and so, naturally, the police beat the living shit out of them. More, plus some video, after the jump. Read more on Police Mace New Orleans’ Remaining Black People…