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Sunday, October 4, 2009

Cloudy With a Chance of Meatballs

The best thing about checking other blogs and sites is sometimes finding things you don't normally find on the Drive by Media. Todays big find or at least very interesting and comical, is from the "Daily Beast Site" http://www.thedailybeast.com/blogs-and-stories

The post I found very amusing and also so true to todays banking collapse, is titled, "Cloudy With a Chance of Mortgages" by Jonathan Wald  http://www.thedailybeast.com/author/jonathan-wald/

By now we all know or at least those of us that don't have our heads in the sand know the financial crisis came about from an abundance of free money or home loan mortgages being given to just about anyone who wanted one.  Loans without even a down payment, Interest only loans thats lead to the subprime crash of the housing industry and the banking collapse. Illegal aliens were given mortgages, simply because they were said to be good honest hard workers. In the end, it all came tumbling down, when the interest rate hikes on the loans started to kick in. Suddenly folks were finding their monthly mortgage rising beyond what they could afford to pay.

The Housing & Banking crisis is far from over. Every week more banks are shut down by the FDIC. In fact the Federal Deposit Insurance Corporation is running out of money. Bengy Bernanke the Fed Chairman continues to say things are better now, but then he and his idiots  at the fed were nowhere to be heard giving any warnings of what was to come.

Well back to Jonathan Wald and his interesting blog.  What really caught my attention was the short video thats provided along with the blog. Its titled, "Cloudy With a Chance of Meatballs" http://www.youtube.com/watch?v=qKWkHwwqCRo  Its definitely worth a look.

Hope you enjoy the preview, don't forget your popcorn.

Foxmuldar

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