Jump to content
House Price Crash Forum
Sign in to follow this  
sossij

Housing Rescue Bill Passed In Us

Recommended Posts

http://news.bbc.co.uk/1/hi/business/7522160.stm

Under the rescue plan, hundreds of thousands of homeowners bankers trapped in with mortgages they cannot afford sell on homes that have fallen in value would be able to refinance their mortgages with more affordable fixed-rate loans continue to make out like bandits, backed by the Federal Housing Administration.

Edited for clarity.

So that 's the dollar toast then.

Share this post


Link to post
Share on other sites
Yep, US is finished the empire will fall ...

Hey, that reminds me of a song from a million years ago:

You don't have to take this crap

You don't have to sit back and relax

You can actually try to change it

I know we've always been taught to rely

Upon those in authority

But you never know until you try

How things just might be

If we come together so strongly

Are you gonna make this work

Or spend your days down in the dirt

You see things can change

YES an' walls can come tumbling down!

Government's crack and systems fall

'Cause unity is powerful

Lights go out- walls come tumbling down!

Yes they do yes they do

Yes they do yes they do

The competition is a colour TV

We're on still pause on the video machine

They keep you slaves to the H.P.

Until the unity is threatened by

Those who have and who have not

Those who are with and those who are without

And dangle jobs like the donkey's carrot (BTW nice rhyme, Paul ;) )

Until you don't know where you are

Are you gonna get to realise

The class war's real and not mythologised

And like Jericho- Yes walls can come tumbling down!

Government's crack and systems fall

'Cause unity is powerful

Lights go out- walls come tumbling

Down we're be to weak to fight it

Down not if we're united

Down when you're united

Are you gonna be threatened by

The public enemy No. 10

Those who play the power game

They take the profits -you take the blame

When they tell you there's no rise in pay

Are you gonna try an' make this work

Or spend your days down in the dirt

You see things CAN change

Walls can come tumbling down!

Government's crack and systems fall

'Cause unity is powerful

Lights go out- walls come tumbling down!

Share this post


Link to post
Share on other sites
snip style council

Yeah but he ended up telling everyone to vote tory not long after making that record.

Watch the money go round, watch the money go round,

Can't spend a penny go out to win a pound

(was my fave)

Share this post


Link to post
Share on other sites
Hey, that reminds me of a song from a million years ago:

You don't have to take this crap

You don't have to sit back and relax

You can actually try to change it

I know we've always been taught to rely

Upon those in authority

But you never know until you try

How things just might be

If we come together so strongly

Are you gonna make this work

Or spend your days down in the dirt

You see things can change

YES an' walls can come tumbling down!

Government's crack and systems fall

'Cause unity is powerful

Lights go out- walls come tumbling down!

Yes they do yes they do

Yes they do yes they do

The competition is a colour TV

We're on still pause on the video machine

They keep you slaves to the H.P.

Until the unity is threatened by

Those who have and who have not

Those who are with and those who are without

And dangle jobs like the donkey's carrot (BTW nice rhyme, Paul ;) )

Until you don't know where you are

Are you gonna get to realise

The class war's real and not mythologised

And like Jericho- Yes walls can come tumbling down!

Government's crack and systems fall

'Cause unity is powerful

Lights go out- walls come tumbling

Down we're be to weak to fight it

Down not if we're united

Down when you're united

Are you gonna be threatened by

The public enemy No. 10

Those who play the power game

They take the profits -you take the blame

When they tell you there's no rise in pay

Are you gonna try an' make this work

Or spend your days down in the dirt

You see things CAN change

Walls can come tumbling down!

Government's crack and systems fall

'Cause unity is powerful

Lights go out- walls come tumbling down!

And the crowd said "Mooooo".

Share this post


Link to post
Share on other sites
Yeah but he ended up telling everyone to vote tory not long after making that record.

Watch the money go round, watch the money go round,

Can't spend a penny go out to win a pound

(was my fave)

He didn't. This song was about ten years after he said he might vote tory. This was written around the time of red wedge (87 election). Also the line is:

'Come spend a penny, go out with a pound' with reference to the encouragement of greed and easy money.

Sorry to be a Weller pedant but if was ever to go on Mastermind the life and works of Paul Weller would be my specialist subject.

Weller wrote some cracking political tunes with TSC. I love the bit in 'A stones throw'

For liberty there is a cost,

It's broken skulls and leather cosh.

From the boys in uniform,

Now you know whose side they're on.

See sig for another fave Weller line of mine :)

Edited by frozen_out

Share this post


Link to post
Share on other sites
He didn't. This song was about ten years after he said he might vote tory. This was written around the time of red wedge (87 election). Also the line is:

'Come spend a penny, go out with a pound' with reference to the encouragement of greed and easy money.

Sorry to be a Weller pedant but if was ever to go on Mastermind the life and works of Paul Weller would be my specialist subject.

Weller wrote some cracking political tunes with TSC. I love the bit in 'A stones throw'

For liberty there is a cost,

It's broken skulls and leather cosh.

From the boys in uniform,

Now you know whose side they're on.

See sig for another fave Weller line of mine :)

I stand partly corrected, but I think Money Go Round was before our favourite shop (which was 85). I have it on 12" vinyl, but that is all rotting away in the loft.

It is funny but I was told he turned Tory after all this, but just shows what I know.

Edit to add: Money go Round was 1983 (originally) according to Goooooogle

Edited by bobthe~

Share this post


Link to post
Share on other sites
I stand partly corrected, but I think Money Go Round was before our favourite shop (which was 85). I have it on 12" vinyl, but that is all rotting away in the loft.

It is funny but I was told he turned Tory after all this, but just shows what I know.

Yeah Money go round was 1983, the 'I think we'll all vote conservative' comment was 1978. Red wedge started in 85. I'll split the difference with you :)

Share this post


Link to post
Share on other sites
Yeah Money go round was 1983, the 'I think we'll all vote conservative' comment was 1978. Red wedge started in 85. I'll split the difference with you :)

Cool, let's talk about The Jam! Much better than.. ahem... bricks and mortar :D

Share this post


Link to post
Share on other sites
Yeah Money go round was 1983, the 'I think we'll all vote conservative' comment was 1978. Red wedge started in 85. I'll split the difference with you :)

More than happy. :)

Took me back as well, although I lost interest in Paul Weller after Our Favourite Shop; it was difficult to top that and Cafe Bleu IMO.

Edit to add: Maybe we should get back On Topic, although it was all Sossij's fault.

Edited by bobthe~

Share this post


Link to post
Share on other sites
More than happy. :)

Took me back as well, although I lost interest in Paul Weller after Our Favourite Shop; it was difficult to top that and Cafe Bleu IMO.

Edit to add: Maybe we should get back On Topic, although it was all Sossij's fault.

Nah, I don't mind... s'my thread anyway :)

Got a big soft spot for the Style Council too but for me it will always be The Jam... down the front at Bingley Hall in Brum, the first chords of Strange Town and then the crowd exploding - fantastic!

Share this post


Link to post
Share on other sites

I like that Bitterest Pill song a lot.

But this is big news....and the Daily Reckoning reckon this;

The big news this morning is that President Bush has dropped his threat of a veto for the housing bill that will bail both Fannie Mae and Freddie Mac out, and also offer relief to homeowners that have gotten in over their heads and now run the risk of foreclosure. CNNMoney.com reports that the legislation would allow the Federal Housing Agency to insure up to “$300 billion in new 30-year fixed rate mortgages for at-risk borrowers in owner-occupied homes if their lenders agree to write-down their loan balances to 90% of the current appraised value of their homes...The cost of the FHA program – which would begin on October 1 and be in place for just a few years – would be funded by fees from Fannie and Freddie.”

And of course, since Fannie and Freddie are seriously ill-equipped to offer up those kinds of funds at the present moment, the bill would allow the Treasury broad powers that would provide the mortgage giants with liquidity and a “capital background” – basically an unlimited line of credit. It is generally understood that this will leave U.S. taxpayers with a gigantic bill to pay – in fact, yesterday the CBO estimated the cost of the “rescue” at $25 billion, and said there is a chance that it could end up costing the U.S. government $100 billion in the long term. Does the term “hemorrhaging money” mean anything to you, dear reader?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.