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	<title>Comments on: How the subprime mortgage collapse happened</title>
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	<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/</link>
	<description>Just another Pajamasmedia.com weblog</description>
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		<title>By: Mortgage</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-18389</link>
		<dc:creator>Mortgage</dc:creator>
		<pubDate>Wed, 22 Oct 2008 16:38:08 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-18389</guid>
		<description>Thanks for your point of view.  With all the issues about mortgages it&#039;s good to see other people&#039;s opinions and what they have to offer as far as advice goes.</description>
		<content:encoded><![CDATA[<p>Thanks for your point of view.  With all the issues about mortgages it&#8217;s good to see other people&#8217;s opinions and what they have to offer as far as advice goes.</p>
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		<title>By: MNotaro</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17529</link>
		<dc:creator>MNotaro</dc:creator>
		<pubDate>Thu, 16 Oct 2008 17:55:28 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17529</guid>
		<description>The guys in congress that we want to fix this problem are the same people who started this problem.  Do we really think that these rich CEO&#039;s of banks really care that I owe more on my house than it&#039;s worth?  Do the lefty illuminati politicians in DC care?  I don&#039;t think so!  Remember McCain is the one who saw this problem coming ages ago and tried to warn our politicians--to deaf ears it fell.</description>
		<content:encoded><![CDATA[<p>The guys in congress that we want to fix this problem are the same people who started this problem.  Do we really think that these rich CEO&#8217;s of banks really care that I owe more on my house than it&#8217;s worth?  Do the lefty illuminati politicians in DC care?  I don&#8217;t think so!  Remember McCain is the one who saw this problem coming ages ago and tried to warn our politicians&#8211;to deaf ears it fell.</p>
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		<title>By: Edgewise</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17341</link>
		<dc:creator>Edgewise</dc:creator>
		<pubDate>Wed, 15 Oct 2008 02:23:20 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17341</guid>
		<description>Indeed it is, Mr. Larsen. Been visiting his site since &#039;95. Informative and entertaining.

Anyhow, what did you think of Mr. Reilly&#039;s post?</description>
		<content:encoded><![CDATA[<p>Indeed it is, Mr. Larsen. Been visiting his site since &#8217;95. Informative and entertaining.</p>
<p>Anyhow, what did you think of Mr. Reilly&#8217;s post?</p>
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		<title>By: buddy larsen</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17290</link>
		<dc:creator>buddy larsen</dc:creator>
		<pubDate>Tue, 14 Oct 2008 16:24:20 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17290</guid>
		<description>Edgewise just above recommends john reilly&#039;s blog --i took a look and it IS very, very good. remember that old work &#039;eclectic&#039;?  Use the link, then click up one to the homepage --take a look --it&#039;s a historio/politico/anglospherico/economico&#039;s delight --</description>
		<content:encoded><![CDATA[<p>Edgewise just above recommends john reilly&#8217;s blog &#8211;i took a look and it IS very, very good. remember that old work &#8216;eclectic&#8217;?  Use the link, then click up one to the homepage &#8211;take a look &#8211;it&#8217;s a historio/politico/anglospherico/economico&#8217;s delight &#8211;</p>
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		<title>By: Unsk</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17273</link>
		<dc:creator>Unsk</dc:creator>
		<pubDate>Tue, 14 Oct 2008 14:15:18 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17273</guid>
		<description>Doug-

Walter Moore and  Jamiel&#039;s Law would be great. However, so far, he has very little name recognition and traction. That may change under Obama next year. 

The city, county and state are all deep in the red this year; I can only imagine what will happen in a real recession with Obama in. LA City was by itself 400 million in the red. This coming year that deficit will grow to  over a Billion dollars . And LA City provides virtually no services as it is now.  My area really only gets Fire Protection and Trash pick up with not much in the way of Police Protection.  I wouldn&#039;t be surprised if all three, the City, County and State, had to file for bankruptcy protection this coming year. 

Back to Moore. It&#039;s hard for an anyone but a City Hall insider  to win.  The game is completely fixed.  The Media will not cover him. The Public Employees unions will overwhelm him in spending, and then there is the matter of the LA County Registrar of Voters.

Back when the  Valley, Hollywood and San Pedro tried to secede in 2002, the Registrar played a big part. In Hollywood, the Registrar of Voters &quot;consolidated&quot; Hollywood&#039;s eighty precincts with 120 outside of Hollywood, so no one could see how each precinct voted.  So all the key precincts of Hollywood and the Valley that the City valued the most showed a yes vote of less than 30% when internal polling and community support were overwhelmingly supportive. Now that Democrat Democracy at work!</description>
		<content:encoded><![CDATA[<p>Doug-</p>
<p>Walter Moore and  Jamiel&#8217;s Law would be great. However, so far, he has very little name recognition and traction. That may change under Obama next year. </p>
<p>The city, county and state are all deep in the red this year; I can only imagine what will happen in a real recession with Obama in. LA City was by itself 400 million in the red. This coming year that deficit will grow to  over a Billion dollars . And LA City provides virtually no services as it is now.  My area really only gets Fire Protection and Trash pick up with not much in the way of Police Protection.  I wouldn&#8217;t be surprised if all three, the City, County and State, had to file for bankruptcy protection this coming year. </p>
<p>Back to Moore. It&#8217;s hard for an anyone but a City Hall insider  to win.  The game is completely fixed.  The Media will not cover him. The Public Employees unions will overwhelm him in spending, and then there is the matter of the LA County Registrar of Voters.</p>
<p>Back when the  Valley, Hollywood and San Pedro tried to secede in 2002, the Registrar played a big part. In Hollywood, the Registrar of Voters &#8220;consolidated&#8221; Hollywood&#8217;s eighty precincts with 120 outside of Hollywood, so no one could see how each precinct voted.  So all the key precincts of Hollywood and the Valley that the City valued the most showed a yes vote of less than 30% when internal polling and community support were overwhelmingly supportive. Now that Democrat Democracy at work!</p>
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		<title>By: buddy larsen</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17233</link>
		<dc:creator>buddy larsen</dc:creator>
		<pubDate>Tue, 14 Oct 2008 03:46:41 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17233</guid>
		<description>Ben Stein: &lt;a href=&quot;http://finance.yahoo.com/expert/article/yourlife/112984&quot; rel=&quot;nofollow&quot;&gt;&quot;How to Ruin the US Economy&quot;&lt;/a&gt;

&quot;Bueller...Bueller...Bueller....&quot;</description>
		<content:encoded><![CDATA[<p>Ben Stein: <a href="http://finance.yahoo.com/expert/article/yourlife/112984" rel="nofollow">&#8220;How to Ruin the US Economy&#8221;</a></p>
<p>&#8220;Bueller&#8230;Bueller&#8230;Bueller&#8230;.&#8221;</p>
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		<title>By: Edgewise</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17231</link>
		<dc:creator>Edgewise</dc:creator>
		<pubDate>Tue, 14 Oct 2008 02:38:54 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17231</guid>
		<description>Folks--FYI: 

10/11/08 post from John Reilly&#039;s blog, &quot;The Long View&quot;:

&quot;The Crystallization of the West and the Election of 2008&quot;

http://www.johnreilly.info/11Oct08.htm

Mr. Reilly has given some real _deep_ thought to the current financial crisis, and its implications for the election and for America&#039;s international relations. I thought you folks here might find them interesting (not to mention informative).</description>
		<content:encoded><![CDATA[<p>Folks&#8211;FYI: </p>
<p>10/11/08 post from John Reilly&#8217;s blog, &#8220;The Long View&#8221;:</p>
<p>&#8220;The Crystallization of the West and the Election of 2008&#8243;</p>
<p><a href="http://www.johnreilly.info/11Oct08.htm" rel="nofollow">http://www.johnreilly.info/11Oct08.htm</a></p>
<p>Mr. Reilly has given some real _deep_ thought to the current financial crisis, and its implications for the election and for America&#8217;s international relations. I thought you folks here might find them interesting (not to mention informative).</p>
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		<title>By: Whitehall</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17209</link>
		<dc:creator>Whitehall</dc:creator>
		<pubDate>Tue, 14 Oct 2008 00:06:15 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17209</guid>
		<description>For a clue as to Fannie Mae&#039;s publicly stated mission statement and to Pelosi&#039;s and Feinstein&#039;s support of that mission, look to their press release from 1995.

The money paragraph:

&quot;The primary goal of the Fannie Mae Foundation is to support national and local nonprofit organizations working to provide decent and affordable housing in communities throughout the United States. The Foundation plans to make $14 million in grants in 1995. Its solo source of support is Fannie Mae, a congressionally chartered, shareholder-owned corporation and the nation&#039;s largest source of home mortgage funds. The company has committed to provide $1 trillion in targeted lending for 10 million homes by the end of the decade. The targeted lending will serve low- and moderate-income families, minorities, new immigrants, residents of central cities and other underserved areas, and people who have special housing needs.&quot;

source:  http://findarticles.com/p/articles/mi_m0EIN/is_1995_May_2/ai_16888514</description>
		<content:encoded><![CDATA[<p>For a clue as to Fannie Mae&#8217;s publicly stated mission statement and to Pelosi&#8217;s and Feinstein&#8217;s support of that mission, look to their press release from 1995.</p>
<p>The money paragraph:</p>
<p>&#8220;The primary goal of the Fannie Mae Foundation is to support national and local nonprofit organizations working to provide decent and affordable housing in communities throughout the United States. The Foundation plans to make $14 million in grants in 1995. Its solo source of support is Fannie Mae, a congressionally chartered, shareholder-owned corporation and the nation&#8217;s largest source of home mortgage funds. The company has committed to provide $1 trillion in targeted lending for 10 million homes by the end of the decade. The targeted lending will serve low- and moderate-income families, minorities, new immigrants, residents of central cities and other underserved areas, and people who have special housing needs.&#8221;</p>
<p>source:  <a href="http://findarticles.com/p/articles/mi_m0EIN/is_1995_May_2/ai_16888514" rel="nofollow">http://findarticles.com/p/articles/mi_m0EIN/is_1995_May_2/ai_16888514</a></p>
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		<title>By: Tony</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17207</link>
		<dc:creator>Tony</dc:creator>
		<pubDate>Mon, 13 Oct 2008 23:58:23 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17207</guid>
		<description>RWE,

I just missed by a week the failed launch at Wallops. I was no more than three miles away across the bay with a clear view. I didn&#039;t know then what I do know now - you can schedule your vacation via the NASA Launch Schedule. Not sure how to book passage to Kwajalien, but a lot of the sites are local, like Wallops. All those huge, sky-facing radars and the NASA Museum with the rockets outside should have been a tell-tale, but you never see that advertised along with the crabs, ponies, &#039;teagers and sunsets.

http://www.nasa.gov/missions/highlights/schedule.html</description>
		<content:encoded><![CDATA[<p>RWE,</p>
<p>I just missed by a week the failed launch at Wallops. I was no more than three miles away across the bay with a clear view. I didn&#8217;t know then what I do know now &#8211; you can schedule your vacation via the NASA Launch Schedule. Not sure how to book passage to Kwajalien, but a lot of the sites are local, like Wallops. All those huge, sky-facing radars and the NASA Museum with the rockets outside should have been a tell-tale, but you never see that advertised along with the crabs, ponies, &#8216;teagers and sunsets.</p>
<p><a href="http://www.nasa.gov/missions/highlights/schedule.html" rel="nofollow">http://www.nasa.gov/missions/highlights/schedule.html</a></p>
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		<title>By: slade</title>
		<link>http://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/#comment-17205</link>
		<dc:creator>slade</dc:creator>
		<pubDate>Mon, 13 Oct 2008 23:55:01 +0000</pubDate>
		<guid isPermaLink="false">http://pajamasmedia.com/richardfernandez/?p=485#comment-17205</guid>
		<description>That&#039;s OK Buddy.  I understand the lampshade part.  Been there.  Done that.</description>
		<content:encoded><![CDATA[<p>That&#8217;s OK Buddy.  I understand the lampshade part.  Been there.  Done that.</p>
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