Alaska lawmakers vote to subpoena Todd Palin
September 14th, 2008
By GENE JOHNSON,
cynicalJuly 27th, 2008
Aussie Bank Writes Down Mortgage Paper 90%
..posted by ![[info]](http://www.commiejournal.com/img/userinfo.gif)
theheretic in the_recession
"Holy crap.
Article.
You realize this means, according to their bank, that mortgages are worth only 10% of their prior values. So a $480K mortgage on a house means the house is only worth $48K once things settle down.
That also means that, in another point made, that there is no safe bank to put your money, because the bailout will only save 2 of the 100 big banks and mortgage companies. That means that FDIC is going to fail, the USD$ will fail for the majority of people holding the USD$ in their bank accounts and only fiat currency can be issued, backed by... nothing. With the bond markets collapsing, and likely to get worse when the run gets fully underway, this will be on the same scale as 1929. Or I'm overreacting. What are your thoughts on this?
As I see it, the only real things the USA possesses to back its currency is the ability to grow a majority of the world's food. If that fails, the USA is as bankrupt as Spain when their armada sank, and Spain is still suffering those consequences centuries later.
EDIT: And then I read this article on Death Spiral Financing and it just felt all that much worse."
eh...June 7th, 2008
LOL Wut?
Hello? Anybody home?January 16th, 2008
Britney wants to marry paparazzo lover and embrace Islam
From AndhraNews
Britney Spears is planning to marry her paparazzo lover Adnan Ghalib, and convert to his faith, Islam, it has been revealed.
London, Jan 13 : Britney Spears is planning to marry her paparazzo lover Adnan Ghalib, and convert to his faith, Islam, it has been revealed.
According to sources, the 'Toxic' singer has been telling pals how much she loves Ghalib, and that she's intent on tying the knot with him.
Britney has even been threatening to fake her own death to start a new life with him in Pakistan.
A close pal revealed that the troubled singer wants the ceremony to be conducted by a minister from the Church of Scientology, adding that her "whole clan is in a state of shock."
Britney is said to have announced her "exciting news" last week on a beach in Mexico, where she fled by private jet with Ghalib.
Spears, who has been married twice before, is believed to be adamant on getting hitched with Ghalib, despite several warnings from her close friends and aides.
"She's been told it would be an act of insanity to marry this man. She says she's doing it and she doesn't give a f**k what anyone thinks," the Daily Star quoted a source, as saying.
"Britney has been in this position before but she can't seem to stop herself. It's amazing that after two failed marriages she's about to go through it again," the source added.
The singer is also demanding a Scientology ceremony similar to that of Tom Cruise and Katie Holmes.
"She's not a member but is getting interested in the whole thing. In a way, her friends are hoping she does get involved because religion could sort her out," the source said.
A Scientology spokesman said that the Church of Scientology would be happy to provide a minister to marry Britney and her third husband.
Spears has been previously married to childhood sweetheart Jason Alexander and rapper Kevin Federline.
Britney Spears is planning to marry her paparazzo lover Adnan Ghalib, and convert to his faith, Islam, it has been revealed.
London, Jan 13 : Britney Spears is planning to marry her paparazzo lover Adnan Ghalib, and convert to his faith, Islam, it has been revealed.
According to sources, the 'Toxic' singer has been telling pals how much she loves Ghalib, and that she's intent on tying the knot with him.
Britney has even been threatening to fake her own death to start a new life with him in Pakistan.
A close pal revealed that the troubled singer wants the ceremony to be conducted by a minister from the Church of Scientology, adding that her "whole clan is in a state of shock."
Britney is said to have announced her "exciting news" last week on a beach in Mexico, where she fled by private jet with Ghalib.
Spears, who has been married twice before, is believed to be adamant on getting hitched with Ghalib, despite several warnings from her close friends and aides.
"She's been told it would be an act of insanity to marry this man. She says she's doing it and she doesn't give a f**k what anyone thinks," the Daily Star quoted a source, as saying.
"Britney has been in this position before but she can't seem to stop herself. It's amazing that after two failed marriages she's about to go through it again," the source added.
The singer is also demanding a Scientology ceremony similar to that of Tom Cruise and Katie Holmes.
"She's not a member but is getting interested in the whole thing. In a way, her friends are hoping she does get involved because religion could sort her out," the source said.
A Scientology spokesman said that the Church of Scientology would be happy to provide a minister to marry Britney and her third husband.
Spears has been previously married to childhood sweetheart Jason Alexander and rapper Kevin Federline.
EeeAhhhEeeeAhhhEeeAhhhh