Traders on the floor at the NY Stock Exchange booed Barack Obama today as a red faced CNBC reporter yelled, "president Obama, are you listening?"
CNBC anchor Rick Santelli raged at Obama and his administration for what he feels is the government "promoting bad behavior" through its $75 billion mortgage plan.
How about this president and new administration, why don't you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers mortgages or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road and reward people that could carry the water instead of drink the water!
The traders booed lustily when Santelli asked, "How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills? Raise [your] hand!"
Stocks tumbled another 260 points by lunchtime today bringing the Dow Jones Industrials closer to its bear market low of 7449 that was hit on Nov. 21 after Barack Obama was elected president.
Since Nov. 4, 2008, the DJIA has tumbled more than 2,000 points.
Tomorrow, Obama is expected to announce a plan that will force lenders to lower payments for homeowners who fell behind on their mortgage loans and are at risk of foreclosure.
According to the NY Times, "the plan, to be announced Wednesday, is expected to include government subsidies for reducing a borrower’s interest rate, which a lender would have to match with its own money."
How can lenders match the rates with money they claim they don't have?
Guess who's going to end up paying for all those bad mortgages in the long run?
Obviously Obama thinks that those of you who are hard workers and pay your bills on time won't mind footing the bill for the ones who purchased homes they knew they couldn't afford.
This is called redistribution of wealth. Well, you said you wanted Change.
Comments Off on Video: Woman Prays To Obama, Gets a House
Henrietta Hughes and her son lived in their pick up truck for "over a year" until that fateful day (yesterday) when she attended a Barack Obama town hall meeting -- in the front row no less.
Henrietta took the mic to tell Barack how homeless she was and to make a plaintive plea for a home, and a car.
Now Henrietta and her son are homeless no more. Henrietta and her son have a $150,000 home rent free -- thanks to the generosity of an Obama supporter, who just happened to have a $150,000 house laying around!
There is simply no truth to the rumors that Henrietta was a plant and that this was all pre-arranged for the media.
And even if it was pre-arranged, don't all politicians (and fake faith healers) have plants in the crowd?
Fantasia is disputing rumors that she lost her mansion to foreclosure:
Fantasia Barrino says reports she's about to lose a house are hogwash.
Reports say the "AI" winner is about to lose one of her homes in Charlotte, NC: She bought the 6-bed, 6,000-sq. ft. mansion back in 2007 for $1.3 mil (not a misprint) but couldn't keep up on payments. So the county will be auctioning off the house on January 12, 2009 unless she ponies up. She's also got another house nearby.
A relative of the singer tells the New York Post the whole thing is just a misunderstanding and she couldn't make a court hearing to address the issue, and her lawyer didn't immediately comment. (Source)
By the way, Fantasia also owns a cute pad here in Atlanta. But it isn't clear why she continued to stay at Young Dro's place when she had her own crib. I'm told Fanty is not a very good housekeeper. When limo drivers went to pick her up from his place they reported clothing and shoes strewn everywhere.
Dro and Fanty no longer date. I guess all those rumors about Dro and other women were true. My apologies to my loyal reader who tried to tell me what was up with Dro and her female friend, but I didn't believe her.
By now you know that Jermaine Dupri couldn't make it to Pure Atlanta last night because he was in Dubai with Janet Jackson for the Grand Opening of the world's most expensive hotel, the $1.5 billion dollar Atlantis on the man-made Palm Jumeirah island. I know you've all seen pictures of it.
According to JustJared, more than 2000 celebrities from all over the world traveled to Dubai to indulge in the wasteful excess, including A-listers like Charlize Theron, Robert De Niro, Lindsay Lohan, Kylie Minogue, Lily Allen, Michael Jordan, Denzel Washington, Mary-Kate Olsen and even Oprah. B-listers Wesley Snipes and Chris Tucker were also there.
International singing star Kylie was paid a whopping $4 million to perform for one hour. The Grand Opening party for the ultra luxurious Palm Jumeirah man-made island cost more than $32 million and the party guests were worth billions in personal wealth. I'm sure security for the party was ridiculous.
Yesterday I told you that the ratings for Bravo's 'Real Housewives of Atlanta' had doubled over two weeks. Well, much of the show's success has to do with the main protagonists Sheree Whitfield and Nene Leakes.
But Kim Zolciak, who was added to the cast at the last minute to attract white viewers to the show, is emerging as the most likable cast member of the scripted show.
TMZ.com even dedicated a post to Kim yesterday. All was good until Tuesday night's episode when Kim mentioned she was 29.
A chorus of Oh, Hell naw's rose up from message boards and blogs everywhere. It seemed no one believed Kim could be 29 years old.
So Style Razzi, a valued member of our community who normally writes about fashion trends on her blog, did a little investigative work and came up with a court document to prove Kim really is 29 as she claims.
She also learned that Kim is Hispanic -- not white, which changes the dynamics of the relationships on the show a little bit.
But Razzi didn't stop there. She also researched the average home prices of the gated community where Kim lives. A townhouse similar to Kim's, with an elevator(!) is listed at $499,900! So Kim really is ballin' out of control!
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