Banks and Republicans are blocking short-sales of homes

A middle-aged couple who bought a home in my neighborhood are in a terrible situation. They paid too much for their new house, which needed a lot of repairs, and they failed to aggressively work to sell their existing home. Therefore, they now have two houses. They continue to live in their original home while their new house (two houses away from where I live) has been vacant for three years and it is falling apart. I’m not talking about chipped paint. There are huge holes in the roof that are causing the house to rot out. Check out the garage roof too: Image by Erich Vieth[/caption] People who know a lot about rehabbing houses tell me that if this house and garage don’t get immediate attention, they will need to be completely torn down.

Continue ReadingBanks and Republicans are blocking short-sales of homes

Massively dysfunctional enforcement at the SEC and the Fed

TMP has presented a terrible, yet not surprising, description of the enforcement arm of the SEC. Based on this detailed description of this dyfunctional enforcement arm, no wonder securities fraud has been running rampant. Oh, and on a related note, Huffpo reports that:

The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. . . . She did not know where the Fed has invested its $2 trillion on the liability side of the balance sheet. "I do not know. We have not looked at that specific area at this particular point on," she said.

Continue ReadingMassively dysfunctional enforcement at the SEC and the Fed

NYT says “It’s Torture!”

The NYT today published an obituary for a deceased American fighter pilot who was captured by the Chinese:

Harold E. Fischer Jr., an American Flier Tortured in a Chinese Prison, Dies at 83... From April 1953 through May 1955, Colonel Fischer — then an Air Force captain — was held at a prison outside Mukden, Manchuria. For most of that time, he was kept in a dark, damp cell with no bed and no opening except a slot in the door through which a bowl of food could be pushed. Much of the time he was handcuffed. Hour after hour, a high-frequency whistle pierced the air. [...] Under duress, Captain Fischer had falsely confessed to participating in germ warfare.
So - when the Chinese do it it's torture. When the US do it it's "harsh interrogation". We expect more consistency of our major news organizations. We expect more of our own government. It's time to call for a special prosecutor, Mr. Attorney General. [via Glenn Greenwald, and Andrew Sullivan]

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In honor of Maine, and Gay Marriage

This week marks another turning point in gay rights (go Maine, and we're hoping New Hampshire's Governor signs, too). A little reminder that there is still a lot of opposition from certain quarters, but with friends like John Stewart I'm certain things will continue to work out!

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Ann Coulter Free? – sadly not!

I was browsing the interwebs when I saw an ad that said "Ann Coulter Free". thought - that's good - this must be an idiot free zone! Then I saw it was an ad for her blog, which is free! They should pay you to read it - the resultant therapy bills must be quite high. Although I'm certain that reading Ann Coulter would free your mind - more than few paragraphs and I'm certain mine would be running for the hills.

Continue ReadingAnn Coulter Free? – sadly not!