“Worry is the interest paid by those who borrow trouble”

HousingWire has been putting out some great pieces lately, looks like a set of new writers that aren’t taking a softball approach. Another great one:

4 signs the real estate market is in trouble — Don’t worry about sales or price numbers — worry about this

1. The Subprime Majority

Recently, I came across a report by the Corporation for Enterprise Development (CFED) titled Assets and Opportunity Scorecard. Some of their findings are quite interesting. According to the CFED Scorecard, 56% of all consumers have sub-prime credit. Sub-prime is “earned”. A consumer has to miss a few payments, or default on a loan or two to earn that status. These 56% cannot, or should not, be taking on more debt, especially a large debt like a mortgage. They may also be struggling with a mortgage that they should not have taken out in the first place.

2. Liquid Asset Poor

CFED found that 44% of households in America are Liquid Asset Poor, defined as having saved less than three months of expenses. As one would expect, 78% of the lowest income households are asset poor, but 25% of middle class ($56k to $91k) households also have less than three months of expenses saved.

3. The Federal Reserve is Spent

QE1, 2 and 3 all involved the purchase of agency MBS. In January 2014, the FOMC announced that it will decrease debt purchases by another $10 billion, from the original $85 billion to $65 billion per month, $30 billion of which is supposed to be for agency MBS. That appears to be all talk. For the first six weeks of 2014, the Fed has already purchased $74.7 billion, or $54 billion per month. They are not only continuing the QE3 purchases, they are still replenishing the prepaid holdings from QE1 and QE2. Mortgage rates are not responding anymore. Though somewhat stabilized, the current rate (30yr) is still a full percent above the low recorded before QE3.

Furthermore, Fed members are only kidding themselves if they think they can ever tighten monetary policy. The national debt is at $17.3 trillion and growing at about $700 billion this year. The cost of financing this debt, per the Treasury, was $415.7 billion in 2013, crudely estimated at an average rate of about 2.5%. At the moment, the 3 months bill is at less than 0.2% interest, while the 10 year note is only at 2.75%. If the cost of financing this debt were to increase by just 1%, it would cost the Treasury $173 billion more a year. There is no way that the dovish Fed chair Yellen would even dream of doing that.

Therefore, the risk of monetary policy is not whether the Fed will tighten, but rather what it can do to repeat a 2008 style bailout. In other words, the Fed as a safety net is full of holes that are big enough for an elephant to pass through.

4. Exhausted Government Intervention

The FHFA just announced that HARP has reached the 3 million mark. We are no closer to reforming Freddie and Fannie than when they were put under conservatorship over five years ago. Numerous state and local governments have deployed their own foreclosure prevention laws and ordinances. The Consumer Finance Protection Bureau has created a mountain of bureaucratic red tape, adding compliance costs to the mortgage industry while providing questionable benefits to the consumer. The FHA is now pushing for lending to borrowers with credit scores as low as 580 only one year after major financial catastrophes such as foreclosure.

In conclusion, the reason I remain bearish on real estate is that when the noise is filtered out, the market has only survived by means of an unprecedented amount of intervention. This dependency is not only unhealthy, its stimulating effect is now fading. If real estate prices cease to appreciate, the market will suffer, same as it did when the sub-prime bubble burst in 2006/2007. The Fed has already gone all in and there is little left it can do. Washington can always create a new set of laws to further erode private property rights as we knew them. Ironically, price appreciation is also not the answer, as it will just widen the income equality gap, turning would-be home owners into rent slaves of Wall Street’s fat cats. It may be best for the market to freeze for an extended period and let consumers catch their breath.

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134 Responses to “Worry is the interest paid by those who borrow trouble”

  1. grim says:

    cobbler says:
    February 16, 2014 at 6:59 pm
    grim[12]
    I guess there is an opportunity if you think process industries in NJ have future besides an occasional distillery: buy an abandoned site (make sure that the previous owner retains all the environmental liabilities), bring it to shape and lease out in parcels…

    Nice call, from the Record:

    Cushman aims to expand industrial management

    Cushman & Wakefield Inc., looking to beef up its industrial-property management business in North Jersey, has hired a veteran of Prologis Inc.

    Cushman & Wakefield’s area of expertise has been office space, and it manages 10 million square feet of it in New Jersey, compared with 2 million square feet of industrial space, including sites in Mahwah and Teterboro. It wants to increase its share of the industrial market. While the office sector has lagged, the vast industrial segment in North Jersey has seen a comeback.

    “That’s why Cushman really wants to get in on it,” Pastor said. “We have millions of square feet under management in industrial properties nationwide, and New Jersey is just one market where we really see a lot of opportunities to grow in. So that’s why we’re starting to focus on it now.”

  2. anon (the good one) says:

    “On the Killing of Jordan Davis by Michael Dunn

    I wish I had something more to say about the fact that Michael Dunn was not convicted for killing a black boy. Except I said it after George Zimmerman was not convicted of killing a black boy. Except the parents of black boys already know this. Except the parents of black boys have long said this, and they have been answered with mockery.

    Jordan Davis had a mother and a father. It did not save him. Trayvon Martin had a mother and a father. They could not save him. My son has a father and mother. We cannot protect him from our country, which is our aegis and our assailant. We cannot protect our children because racism in America is not merely a belief system but a heritage, and the inability of black parents to protect their children is an ancient tradition. “

  3. grim says:

    Don’t follow – wasn’t Dunn convicted on at least 3 counts of attempted murder as well as other felony convictions that will result in a minimum of 75 years in prison (essentially life in prison)? This maniac will certainly be assaulted, harassed, and likely anal raped daily in prison.

    I’m no lawyer, and I have no idea what a prosecutor does – but first degree murder? Isn’t that the hard one to convict because you need to prove premeditation? So why go for the long shot? Second Degree Murder or Manslaughter would have been the charges to convict on, no? I have no idea why you would risk this charge on the premeditation argument.

  4. A Home Buyer says:

    Based on what I read, the other charges stand regardless of the verdict on the first degree issue.

    I am not sure how you could prove that a guy who drove up to a random parking spot planned on killing someone he never met before in the short time frame of a few minutes with out some slam dunk evidence like a self recorded video confession existing.

  5. nwnj says:

    It’s an obvious irony that the type who claim that the country is still heavily afflicted by racism are in face the most ardent racists. It becomes an obsession to them, and anon is a perfect example.

  6. JJ says:

    Manhattan is looking good this morning, get to work you bums.

    One of my old clients Excel Bank did mortgages and would not lend to dead beats. Want to borrow 500K for a mortgage, show proof you have 500K in cash, stocks or bonds. Move 510K to an Excel bank or brokerage account, then the account is held as collateral vs. your loan and market to market daily if balance falls below 102% of your mortgage balance and they still do a lien on your property.

    There theory mortgage borrowing is only for tax purposes and they are not in the business of taking risk or ending up with foreclosed properties. Plus they were all ARM loans to avoid interest rate risk to bank.

    Finally you had to activate the BILL PAY function. Mortgage, RE taxes, condo or coop maints and untilities for properties directly paid by Excel. No falling behind. Excel wants to maker sure property is maintained.

    I would love to see all banks do this.

  7. anon (the good one) says:

    would that the evidence you would require from somebody after having murdered your teenager kid while he was peacefully hanging out with his friends?

    what if the criminal was from Newark?

    ” slam dunk evidence like a self recorded video confession existing.”

  8. Comrade Nom Deplume, back as Captain Justice says:

    When this happens, the hard part is gonna be blaming George Bush for it.

    http://www.cnbc.com/id/101423117

  9. Street Justice says:

    Florida firearm violence hits record low; concealed gun permits up

    http://www.abc15.com//dpp/news/national/florida-firearm-violence-hits-record-low-concealed-gun-permits-up

    It’s for the greater good Anon…don’t you know good little progressives are supposed to advocate for the “greater good”?

    8.anon (the good one) says:
    February 18, 2014 at 9:02 am
    would that the evidence you would require from somebody after having murdered your teenager kid while he was peacefully hanging out with his friends?

    what if the criminal was from Newark?

    ” slam dunk evidence like a self recorded video confession existing.”

  10. Comrade Nom Deplume, back as Captain Justice says:

    Last week I posted about an electrician we know who was “on the list” for a standby generator. I learned further that he is waiting for a particular model and that model is back ordered.

    So he isn’t going for the Generac off the floor at HD or Costco. And that has me curious; Ive heard that mfgrs make cut rate versions of appliances for HD, etc., and I have to think that generator mfgrs are doing the same. So I have to find out what generator he put in for and why he considers it superior to everything else out there.

  11. 30 year realtor says:

    Turn this around. What if Dunn was black and the victim was white? Do you believe this would have played out exactly the same way?

  12. chicagofinance says:

    Is the word “peacefully” correct? Weren’t they blasting gangsta rap out of the car?

    anon (the good one) says:
    February 18, 2014 at 9:02 am
    would that the evidence you would require from somebody after having murdered your teenager kid while he was peacefully hanging out with his friends?

  13. Comrade Nom Deplume, back as Captain Justice says:
  14. 30 year realtor says:

    13 chicago – please explain how the type of music impacts this case?

  15. Comrade Nom Deplume, back as Captain Justice says:

    [13] chi fi

    Not the best analogy.

  16. chicagofinance says:

    To be clear, I am not defending anything, but I view noise as an assault…..and I am colorblind about it…..my main beef is Cherry Bomb Muffler Harleys driving down main streets when you are eating outside……I can go from relaxed to seething in under 5 seconds……the idea that these slugs go out of their way to bomb us out is pretty big deal…..and I grew up in the city…….I don’t care about most noise….in fact I grew up down the street from a hospital……

  17. Fast Eddie says:

    In conclusion, the reason I remain bearish on real estate is that when the noise is filtered out, the market has only survived by means of an unprecedented amount of intervention. This dependency is not only unhealthy, its stimulating effect is now fading.

    You’re kidding.

  18. chicagofinance says:

    Blasting gangsta rap out of the car is an assault…..in Red Bank there are plenty of examples and all of them are white kids….it is over the top obnoxious…..if one of those guys pulled into a gas station on 35, everyone would be staring and giving dirty looks….it has nothing to do with race and everything to do with public decorum and minimum standards of respectful behavior in public…..

  19. 30 year realtor says:

    14 Comrade – You are an attorney. Clearly there is a different fact pattern in these cases and not nearly enough information contained in that article to make any kind of determination of similarity. The only thing that that article proves is that a black man can be exonerated of shooting a white teen in New York State when the correct fact pattern exists.

  20. JJ says:

    What nut says something to four black guys in an SUV cranking music in the first place.

    In the second place, when a nut by himself approaches four men in an SUV to tell them to turn down music he is looking for trouble. The folks in SUV had two choices.
    1) turn down music and drive away
    2) refuse to turn down music and engage agressor

    Choice two most likely leads to you getting out of SUV and kicking his butt. Middle aged white guy on floor being beat up by four black guys you know you are getting charged with assult or the reason he was not afraid of you is he has a gun and is looking for an excuse to shoot you.

    Once back in the day we got lucky as six large black guys cornered us in times square back in the day, right after we accidentially walked into their mugging and they were kicking a couple on the floor all six of them. We had one of those gun handle switchblades. When you started to pull it out it looked like a gun blade but once you you could see it was a switch blade. A very long one at that. The leader of the gang turned towards us three steps and then stopped and motioned for his five guys to back up.

    Why he was smart. He quickly figured out why was two skinny white teenagers in times square at one am not running. (Actually we were not running as they would have caught us from behind anyhow) As soon as the knife started being slowly removed and the leader sees only the gun handle part he starts backing up he goes. Yo dillenger it is all cool you just back youass of of this alley. Which we did.

    Those four kids in that SUV lacked the common sense that black guy in the alley had all those years ago. The leader may have know it could have been 50/50 if it was a gun. But the other 50 percent it was a giant swithblade and since he was only one who was close to us he was going to get a 10 inch knife in his belly and that choice apparantly was not too appealling either. When two idiots meet this stuff happens a lot. Every other time I was the dope on the wrong end of a potential knife or gun I always backed down. It aint worth it.

    3.anon (the good one) says:
    February 18, 2014 at 7:11 am
    “On the Killing of Jordan Davis by Michael Dunn

    I wish I had something more to say about the fact that Michael Dunn was not convicted for killing a black boy. Except I said it after George Zimmerman was not convicted of killing a black boy. Except the parents of black boys already know this. Except the parents of black boys have long said this, and they have been answered with mockery.

    Jordan Davis had a mother and a father. It did not save him. Trayvon Martin had a mother and a father. They could not save him. My son has a father and mother. We cannot protect him from our country, which is our aegis and our assailant. We cannot protect our children because racism in America is not merely a belief system but a heritage, and the inability of black parents to protect their children is an ancient tradition. “

  21. 30 year realtor says:

    Chicago, you are correct about blasting music being rude and obnoxious. How do we bridge that over to emptying your gun into a car full of people?

  22. Fast Eddie says:

    G0d, I wish I had the time to post. There are so many topics in the past week I wanted to discuss. This role has completely consumed me… in a good way. What a challenge! When the he11 did I become a research analyst working with Ivy league graduates? But I guess someone needs to support the tat and muffin top crowd.

  23. Comrade Nom Deplume, back as Captain Justice says:

    [21] JJ,

    I don’t flash a handle that looks like a gun unless there is a gun attached to it.

    In Philly, I’ve had to show the handle a couple of times. Works great.

  24. Street Justice says:

    Anon, I don’t remember you being outraged during this trial:

    Jury Finds Roderick Scott Not Guilty

    http://rochester.twcnews.com/content/news/490926/jury-finds-roderick-scott-not-guilty/

    Not guilty: The verdict in the manslaughter trial of Roderick Scott. After more than 19 hours of deliberations over two days, a jury acquitted the Greece man in the shooting death of Christopher Cervini, 17, last April.

    “I just want to say thank you to the people who believed in me, who stood by me,” Scott said following the verdict. “I still have my regrets for the Cervini family; it’s still an unfortunate situation for them. I am happy that at least this chapter is over.”

    As deliberations dragged on over two days and the jury asked for testimony to be read back, Scott admits he didn’t know how it would all turn out.

    “I was nervous of course,” he said. “You never know what direction this whole thing is going to turn, so I have no idea. But it worked out and I feel that justice (was) served today.”

    Cervini’s family members say justice wasn’t served. They say Christopher was murdered in cold blood, that he’d never been in trouble and Scott acted as judge, jury and executioner.

    “The message is that we can all go out and get guns and feel anybody that we feel is threatening us and lie about the fact,” said Jim Cervini, Christopher’s father. “My son never threatened anybody. He was a gentle child, his nature was gentle, he was a good person and he was never, ever arrested for anything, and has never been in trouble. He was 16 years and four months old, and he was slaughtered.”

    Scott says he acted in self defense when he confronted Cervini and two others saying they were stealing from neighbors cars. He told them he had a gun and ordered them to freeze and wait for police.

    Scott says he shot Cervini twice when the victim charged toward him yelling he was going to get Scott.

  25. Comrade Nom Deplume, back as Captain Justice says:

    [23] Eddie,

    I’m there with you buddy. I would have posted more as well but I was too busy watching Honey Boo Boo.

  26. JJ says:

    I used to blast NWA in my 500 watt stero in Southampton on the beach. I had two speakers on the roll bar facing backwards and two speakers on doors and one in dask it was mad loud. Damm stero cost $600 bucks in 1989.

    So what. Funniest was on the Long Island Express way I passed a buddy who was driving to hamptons too who had his windows rolled up and stero on. He goes wtf and is turning his radio knob back and forth as GF was in car and four letter words are blasting out of his car stereo and every channel is the same. Till he sees me next to him and realizes it is my stereo. He was laughing so hard. I used to be able to open both doors and pin them back against fenders so stero speakers went out. It was too loud to turn it all the way up in the jeep other wise. Jeep Wranglers are kinda small.

    I stopped it after some stupid fisherman almost looked like they were going to kill us. Apparantly my two am fly by on the beach the fisherman thinks scares the fishes. Such babies. As if the fish are scared of rap

  27. Juice Box says:

    JJ – SI out did itself, here is a photo shoot of Kate Upton in the vomit comet.

    http://bcove.me/kooxn80z

  28. Comrade Nom Deplume, back as Captain Justice says:

    [25] street,

    What, you don’t remember the hours of hyperbolic commentary on MSNBC, or the street demonstrations with people loudly yelling “justice for Cervini”?

    Yeah, I don’t either.

  29. Fast Eddie says:

    grim,

    unmod me please.

  30. Street Justice says:

    Nom, let’s not forget this one….Governor Patterson pardoned the man. He shot a “white” teen in self defense… I’m not saying I have a feeling either way on whether or not justice was server however, there is definitely a double standard. Statistics do not point to a widespread problem of racially charged shootings…just certain ones that fit an agenda get widespread media coverage.

    John White, convicted of killing Daniel Cicciaro, pardoned by Gov. David Paterson

    http://www.nydailynews.com/new-york/john-white-convicted-killing-daniel-cicciaro-pardoned-gov-david-paterson-article-1.474441

    A black Long Island man convicted of killing a white teenager was home for the holidays Thursday after Gov. Paterson commuted his sentence.

    John White, 56, was released after serving just five months in an upstate prison for killing 17-year-old Daniel Cicciaro Jr.

    “Merry Christmas,” a smiling White said when he arrived at the scene of the incident – his Miller Place home – around 1:30 p.m.

    “I’m definitely glad to be home with my family for Christmas, and I hope everyone has a pleasant and happy holiday.”

    There was no immediate comment from Cicciaro’s parents, who were not told in advance that White was being sprung.

    During his bitter and racially charged trial, White claimed he was trying to protect his family from a “lynch mob” when he fatally shot Cicciaro Jr. on Aug. 9. 2006.

    Paterson said he realized his decision – reached in the waning days of his administration – would tear open barely healed wounds.

    “While the incident and Mr. White’s trial engendered much controversy and comment, and varying assessments of justice were perceived, its most common feature was heartbreak,” Paterson wrote.

    “The action I am taking today is one of understanding, forgiveness and hope, which I believe are the essential components of justice.”

    Paterson, who has a week left in office before giving way to newly elected Andrew Cuomo, is not the first governor to spring a convicted felon early.

    “We salute Gov. Paterson’s decision and hope that all families involved will move towards healing,” the Rev. Al Sharpton said. “There are no winners in this situation.”

    But Suffolk County District Attorney Thomas Spota ripped Paterson for callously disregarding the feelings of the victim’s family.

    “I strongly believe the governor should have had the decency and the compassion to at least contact the victim’s family to allow them to be heard before commuting the defendant’s sentence,” he said in a statement.

    White, a city road construction foreman, was convicted two years ago of manslaughter and criminal possession of a weapon.

    When White was sentenced to two to four years in prison instead of getting the maximum 15-year sentence, Cicciaro’s family and their supporters were outraged.

    “Let’s see what happens when Aaron White gets shot,” Cicciaro’s father, Daniel Sr., screamed, referring to White’s then 20-year-old son.

    A drunken Cicciaro was killed at the foot of White’s driveway after he went to the home with four friends late at night, bent on fighting Aaron White over a bogus rape threat, police said.

    They yelled racial slurs and threatened to rape Aaron White’s mother, according to cops.

  31. Ben says:

    Blasting gangsta rap out of the car is an assault…..in Red Bank there are plenty of examples and all of them are white kids….it is over the top obnoxious…..if one of those guys pulled into a gas station on 35, everyone would be staring and giving dirty looks….it has nothing to do with race and everything to do with public decorum and minimum standards of respectful behavior in public…..

    Every town has a noise ordinance. Why cops don’t bother enforcing it is beyond me. They would rather write out seat belt tickets.

  32. 30 year realtor says:

    #29 Street & Comrade – I would think that as responsible gun owners you would like up on the side of Roderick Scott. Have you read enough about the case to understand the fact pattern?

  33. Comrade Nom Deplume, back as Captain Justice says:

    [31] street,

    He was convicted of manslaughter, not first or second degree murder. manslaughter is used for unjustified killings without intent. And in a state where you have a duty to retreat, the verdict was supportable.

  34. Street Justice says:

    First, Just to be clear I do not own firearms.

    Second, I don’t know enough about either of the case’s in NY to say whether or not I feel that Justice was served. My point is just that both, and the one in Florida were all racially charged yet only the cases in Florida where black teens were on the wrong side of the gun got widespread media coverage. Blacks have the right to self defense too. I don’t know why so many want to give up their rights…

    Finally, The case in Florida that Anon posted about seems fishy. The fact that the shooter left the scene after the shooting is really suspicious. It’s strongly possible in my oppinion, that the verdict was correct.

    Firearms ownership is a huge responsiblity. Some people will abuse it, but it’s no reason for everyone else to give up their rights.

    33.30 year realtor says:
    February 18, 2014 at 9:59 am
    #29 Street & Comrade – I would think that as responsible gun owners you would like up on the side of Roderick Scott. Have you read enough about the case to understand the fact pattern?

  35. Painhrtz - Disobey! says:

    bless you juice

  36. Street Justice says:

    I understand. Frankly I don’t care if Florida wants to re-try Michael Dunn or not. The guy is already going to rot in jail. Is your point that they want to now try and convict him of Murder 1 as well as what he was already convicted of? If so, the greatest injustice there is to the Florida taxpayers. It’s a waste of everyone’s time and money and to what end?

    Sorry, I may be mis-speaking when it comes to legal terms….I am not a lawyer and I did not stay at a Holiday Inn express last night….

    34.Comrade Nom Deplume, back as Captain Justice says:
    February 18, 2014 at 10:00 am

    [31] street,

    He was convicted of manslaughter, not first or second degree murder. manslaughter is used for unjustified killings without intent. And in a state where you have a duty to retreat, the verdict was supportable.

  37. Comrade Nom Deplume, back as Captain Justice says:

    [33] 30

    I think I understand the distinctions pretty well. You have to determine if the distinctions are meaningful. They might not be. More importantly, the laws in each state are different. NY doesn’t have SYG laws, an important difference but ultimately meaningless insofar as both men were attacked (though Scott’s case had no physical evidence or reliable witness testimony that I’m aware of).

  38. joyce says:

    Were you holding the weapon? (If yes, you contradict yourself again)
    Was your friend holding the weapon? (If yes, seemed like it worked for you both… did you call your friend a nutjob/physco for carrying it around?)
    If no to both, than you’re lying again… shocked.

    JJ says:
    February 18, 2014 at 9:31 am

  39. Comrade Nom Deplume, back as Captain Justice says:

    [37] street,

    Yours is a more considered opinion than most. As for legal issues, they are out there if anyone cares to delve. I’m not gonna add to that pile because there’s nothing I can add that’s novel.

  40. Comrade Nom Deplume, back as Captain Justice says:

    [3] anon,

    I can appreciate but not understand the seething hate you endorse. I can argue that it’s misguided or rooted in lies but I despair of changing any minds. Lord knows I’ve tried.

    But understand this: so long as these stereotypes are promulgated and supported, I have to be cognizant of them. And as long as you and yours want to live in that wartime mentality, that soft click you or your fellow travelers hear as you approach is the sound of the safety being clicked off . . .

  41. Comrade Nom Deplume, back as Captain Justice says:

    Another delayed opening dealt with. Back to the salt mines . . .

  42. Street Justice says:

    Meanwhile, common sense laws chase the one of the oldest continuously operating manufacturers and it’s jobs out of the state…

    ALBANY — The state’s oldest gunmaker announced Monday it will build a factory in Albama employing 2,000 people — raising fears the company eventually will leave New York.

    Some Republicans blamed Gov. Cuomo and the tough anti-gun law he pushed through the legislature for the decision by Remington Arms to look outside New York to locate its new plant.

    RELATED: CUOMO’S GUN-CONTROL LAWS TARGETS GUN MAKERS

    Cuomo aides and elected officials in the central New York town of Ilion, where Remington employs 1,300 people, said they have been assured the gunmaker is not moving any jobs out of state.

    Remington has operated a plant in Ilion since 1816.

    “This additional capacity is essential to fulfill demand and introduce new products,” Remington CEO George Kollitides said in a statement. Remington did not return calls seeking additional comment.

    Read more: http://www.nydailynews.com/news/politics/remington-arms-announces-factory-albama-sparkng-fear-new-york-exit-article-1.1618049#ixzz2tgkIaYgA

  43. grim says:

    Frankly, if you confront someone, and that confrontation results in an altercation, subsequently claiming self defense seems specious.

    I’m not saying stand your ground is invalid, but don’t go looking for trouble than try to hide behind self-defense.

    Dunn was looking for trouble, period. It would be very different if this happened in front of his house, where he has a reasonable right to peaceful enjoyment of his property. But in this situation? A gas station parking lot? Both parties in vehicles?

  44. The Original NJ ExPat says:

    Sell now or be priced in forever.

  45. grim says:

    I too drove a Jeep Wrangler with a sound system that was much too large for that little car, noise pollution tickets were common down at the shore. With no roof or doors, how could I possibly be held to the same standard as other cars! LL Cool J was on regular rotation – Goin’ Back to Cali sounded so damn good in that car.

    Going back to Cali, stylin, profilin
    Growlin, and smilin, while in the sun
    The top is down, on the black Corvette
    And it’s fly, cause it’s sittin on Dayton’s
    Laurents steering wheel, plushed out, gold-leaf phantom top
    and three girls waiting
    VRRRROOM engine’s blowin, the chrome, is shining
    Passing all the cars on the way
    Movement of the wind, back wheels spin
    Pop in a cassette and push play

  46. A Home Buyer says:

    8 – Anon,

    (The following is an opinion based on a guy who has no legal experience)

    If this was my teen, I would be upset with the prosecution for picking a charge that was nearly impossible to prove. Conviction on the First Degree charge relies on proving (beyond a reasonable doubt) that he intended to kill someone before the situation happened. I’m not a lawyer, but legal speaks indicate first degree murder must have a qualifying aggravating factor.

    How can you prove intent in a random, short lived encounter without video or some other recorded evidence of his intent? He wasn’t lying in wait, he didn’t leave and comeback and start firing…

    Is he guilty of murder? Well considering a jury found him guilty of 3 counts of attempted second degree… most certainty he would have been convicted of a second degree murder charge for the young man who actually died in the encounter.

    Why does the murder have to be first degree in order to mean anything?

    And as I understand the situation, he wasn’t acquitted, the verdict resulted in mistrial which means (as I understand it) the prosecution can make a second attempt to put a first degree charge on this guy.

  47. grim says:

    I did get pulled over once for playing Paul Simon’s Diamonds on the Soles of Her Shoes too loud as well – I wasn’t even trying to get into trouble with that one – it’s just that those horns – they were blarin’.

    Funny – No cop ever gave us a ticket for blasting Jimmy Buffett – not sure if that was racism – or the cops just liked our tunes.

  48. 1987 Condo says:

    back to real estate:

    Renters quickly snatch up apartments in new Hoboken development, leasing entire tower in four months
    HoBOKEN — After four months on the market, a new residential development in uptown Hoboken has reportedly leased all of its 59 units.

    The Artisan, located at 1400 Clinton and 1411 Grand streets, leased all of its 59 loft-style apartments, less than a year after the units became a available, The Real Deal Magazine reported. Argo Real Estate started leasing the condos in October, for monthly rents ranging from $2,500 for one-bedrooms to $3,300 for two-bedrooms and $4,700 for three-bedrooms.

    Construction on The Artisan started in August 2012, near the 14th Street Viaduct. The two six-story towers include a fitness center, lounge, business bar, private courtyard and an on-site parking garage.

    http://www.nj.com/hudson/index.ssf/2014/02/renters_quickly_snatch_up_condos_in_new_hoboken_development_leasing_entire_tower_in_four_months.html#incart_river_default

  49. Painhrtz - Disobey! says:

    Pantera and slayer out of my wrangler grim alng with some 2 live crew

  50. chicagofinance says:

    People took issue with my below posting from this morning…..

    30 year realtor says:
    February 18, 2014 at 9:32 am
    Chicago, you are correct about blasting music being rude and obnoxious. How do we bridge that over to emptying your gun into a car full of people?

    hicagofinance says:
    February 18, 2014 at 9:18 am
    Is the word “peacefully” correct? Weren’t they blasting gangsta rap out of the car?

    anon (the good one) says:
    February 18, 2014 at 9:02 am
    would that the evidence you would require from somebody after having murdered your teenager kid while he was peacefully hanging out with his friends?

  51. chicagofinance says:

    I just took issue with the word “peacefully”…….I defend nothing — there is no excusing what happened…..but there was a level of provocation in the incident…..it wasn’t 4 kids in a car attacked they way “peacefully” implies….

  52. JJ says:

    Mary Grace Canfield> Abe Vigoda

    Mary Grace Canfield is dead.
    She was Handyman Ralph Munroe on Green Acres. (Alf was her brother.)

  53. joyce says:

    Very true. But complaining that people are blasting music from their backyard into your is more understood than complaining that about same in a commercial parking lot, highway, etc etc.

    chicagofinance says:
    February 18, 2014 at 12:29 pm
    I just took issue with the word “peacefully”…….I defend nothing — there is no excusing what happened…..but there was a level of provocation in the incident…..it wasn’t 4 kids in a car attacked they way “peacefully” implies….

  54. 1987 Condo says:

    Rising student-loan debt is stopping first-timers from buying homes
    Is your student debt preventing you from buying a house?

    Sales to first-time home buyers remain depressed, a new Washington Post article notes, directing some blame at student loans. Many young people are graduating with higher debts than earlier generations while stricter lending standards have made it harder to get a mortgage.

    Chief economist Lindsey Piegza of Sterne Agee has drawn a similar conclusion. About seven in 10 graduates leave school with debt and almost 40 million have sizable loans to pay off, she wrote in a recent report.

    Total U.S. student-loan debt now sits at $1.1 trillion, making it the largest kind of consumer debt after mortgages, according to figures issued Tuesday by the New York Federal Reserve. Total student debt climbed $114 billion in 2013 and it has doubled in the past eight years.

    What’s more, The New York Fed found that 11.5% of student loans are 90 days past due or in default.

    “A massive debt burden topping one trillion dollars possess crippling risks for the individual graduate but also, unaddressed, carries large consequences for the economy as well,” Piegza said.

    The consequences not only include weaker home sales, but less spending on all kinds of consumer goods and services. Slack demand, in turn, gives businesses less reason to hire and create more jobs. And if graduates are unable to find a well-paying job, the burden of paying back the debt grows even more onerous.

    Unlike other forms of debt, student loans are almost impossible to reduce or eliminate through bankruptcy unless an individual can prove extreme hardship. Many people take years, sometimes even decades, to pay all the debt off. It can even hurt their ability to save for retirement.

    Still, lenders are legally well protected and they have little reason to deny an applicant a loan. Nor do colleges face any pressure to make sure their graduates can find a good job after they leave.

    Are you having a hard time paying back your student loans? Let us know in the comments.

    – Jeffry Bartash

    http://blogs.marketwatch.com/capitolreport/2014/02/18/rising-student-loan-debt-is-stopping-first-time-home-buyers/?mod=MW_home_latest_news

  55. Grim says:

    What student debt? I worked through college and grad school. Left with a higher net worth than I started with. Why exactly can’t students work through college? Secondly, work experience should be a prerequisite to grad school, at which point tuition wouldn’t be a problem.

    Retitle that piece as “Lazy people complain things are expensive” and a subtitle of “what? what do you mean I have to pay this back?”

  56. Ottoman says:

    Of course in the Roderick Scott case, these thugs were breaking into his car and his neighbors cars and he called 911. The kid he shot had a rap sheet, not that Scott would have known that, but he certainly wasn’t an innocent kid buying skittles–he was inside someone else’s car in the middle of the night.

    And in the Long Island one, the drunk mob was coming after his son, on his property, yelling racial slurs and threatening to kill him. And he was apparently retreating when the gun went off accidentally. But y’all keep comparing those situations to your racist heroes who shoot black kids doing nothing illegal in cold blood. And then go out for pizza.

    The truth is blacks are far more likely to be convicted and sentenced more harshly for the exact same things a white person does, every time. Cherry picking a few stories does nothing to refute this absolute fact. System is designed to keep dark people marginalized from mainstream society. Blacks are 3 times more likely to be convicted for drug possession-fact. Turns out, blacks are 3 times less likely to get their Sandy relief money requests approved too. (Okay Shaq got $5 mill to build a high rise in New Brunswick but that’s beside the point.) But everyone’s got equal opportunities and access to justice in America, right? Right?

    As for premeditation–it doesn’t require someone to think about killing before the situation. It can happen in an instant, right before the gun shot, while the situation is occurring. Problem is regular people, including juries, don’t understand this–especially if they’re not instructed properly during the trial. But a quick trip through google could have told you that.

  57. A Home Buyer says:

    57 – Ottoman,

    How can you prove premeditation at the instant a shot is fired without pre-existing evidence showing planning, intent, etc?

    I am not following your argument, can you provide a specific case I can research for my benefit?

  58. joyce says:

    There’s no denying the cost of college currently dwarfs what it was as few as 10 years ago.

    Grim says:
    February 18, 2014 at 1:45 pm
    What student debt? I worked through college and grad school. Left with a higher net worth than I started with. Why exactly can’t students work through college? Secondly, work experience should be a prerequisite to grad school, at which point tuition wouldn’t be a problem.

    Retitle that piece as “Lazy people complain things are expensive” and a subtitle of “what? what do you mean I have to pay this back?”

  59. Fast Eddie says:

    The truth is blacks are far more likely to be convicted and sentenced more harshly for the exact same things a white person does, every time.

    Ok, and why is that? Anyone?

  60. Street Justice says:

    I brought up the White and Scott cases. Don’t include me in your “y’all” comment. I strongly support the right to self defense for both black and white people. My comments were aimed at speaking out against those who would use any of these cases to justify the passage of more gun control laws or the repeal of any stand your ground laws.

    In fact, I am of the oppinion that Michael Dunn should in fact be in jail. He appears to have acted irresponsibly and recklessly.

    57.Ottoman says:
    February 18, 2014 at 1:46 pm
    Of course in the Roderick Scott case, these thugs were breaking into his car and his neighbors cars and he called 911. The kid he shot had a rap sheet, not that Scott would have known that, but he certainly wasn’t an innocent kid buying skittles–he was inside someone else’s car in the middle of the night.

    And in the Long Island one, the drunk mob was coming after his son, on his property, yelling racial slurs and threatening to kill him. And he was apparently retreating when the gun went off accidentally. But y’all keep comparing those situations to your racist heroes who shoot black kids doing nothing illegal in cold blood. And then go out for pizza

  61. Comrade Nom Deplume, back as Captain Justice says:

    [61] street,

    Don’t feed the trolls. Just makes them fatter and surlier. Ottoman is entitled to his opinion, which he shared with us. We are free to ignore it. I’m starting now.

  62. Comrade Nom Deplume, back as Captain Justice says:

    NJ loves it’s democrats, and democrats love the Jones Act. Ergo, NJ shouldn’t mind this at all.

    http://www.cnbc.com/id/101425116

  63. Street Justice says:

    A $10.10 minimum wage would reduce total employment by about 500,000 workers: CBO

  64. Street Justice says:

    $10.10 minimum wage could hit total employment: CBO

    Congress’ nonpartisan budget analyst says raising the federal minimum wage as President Barack Obama and Democrats want would raise earnings for more than 16.5 million people by 2016. But it would also reduce employment by roughly 500,000 workers.

    The Congressional Budget Office analysis comes as the Senate prepares to debate a Democratic plan to gradually increase the current $7.25 minimum wage to $10.10 an hour in 2016.

    The budget office analysis examined the impact such a plan would have by 2016, when the increase would take full effect. The analysts said their estimate of employment losses was approximate.

    They said the actual impact could range from a very slight employment reduction to a loss of 1 million workers. Democrats say the wage boost would help workers. Republicans have warned it would cost jobs

  65. Comrade Nom Deplume, back as Captain Justice says:

    We are Devoid

    Casale<Vigoda

  66. Libturd in Union says:

    Speaking of ghetto blasters, I still have mine in my 95 Civic. Two 15-inch woofers in a homemade sealed box directed at the back seats which takes up my entire hatch. I have the 1,000 watt amp on the back of the left back seat and the crossovers on the back of the right back seat. Have Boston Acoustics in the rear side panels (had to cut the holes larger to fit them) and forgot what I have in the doors. With the hatch cover in place, you can’t tell I’ve got anything with any value. The grills over the BAs are not transparent and the Alpine stereo has a removable head. The stereo goes up to 30, but I’ve never attempted to go above 20 as I fear the windows might crack. At 20, I can blow a candle out from the air being pushed by the woofers. The pioneer amp is now 19 years old and still going. This is pretty impressive for a $400 amp. The funniest thing. I once had a case of CDs in the back seat along with my stinky hockey gear. Some schlub broke into my car in Manhattan back in the 90s and stole both the equipment and the CDs. He could have easily swiped close to $1,000 in mobile audio gear if he had a clue. Still cost me $300 to replace a side window.

    I’ve never been one to crank it except perhaps at tailgates. I listen primarily to jazz and classical and to reproduce the bass without wearing headphones with excellent sensitivity and dynamic range, you just need large woofers. The sealed box makes it deep, not loud.

    And Jimmy Smith just sounds so sweet on it. Especially the Dot Com Blues.

    So who is shorting Tesla ahead of earnings? Not me, though I probably should be.

  67. njescapee says:

    This Rat Infestation Map Of New York City Restaurants Is The Most Disturbing Thing You Will See All Day
    Rob Wile
    Feb. 18, 2014, 1:11 PM1,526

    It’s not just the West Side anymore, Mick.

    New city data compiled by programmer Steven Melendez shows restaurants with “evidence of mice or live mice” or “evidence of rats or live rats” can now be found all over the city.

    The No. 1 neighborhood in Manhattan is the Upper East Side between 86th and 97th, where 50% of the 154 restaurants documented had rodent sightings.

    No. 1 overall goes to the Queens Village neighborhood bordering Long Island, at 61%, or 14 of 23 restaurants.

    Read more: http://www.businessinsider.com/new-yorks-really-gross-rodent-problem-in-one-map-2014-2#ixzz2thwpU3jA

  68. Bystander says:

    Lib,

    Great album. You don’t find too many JS fans out there except Beasties. Rootdown and Back at the Chicken Shack are two favs. I saw him 6 mos. before he died at Iridium. Funny that Johnnie Cochran was there and JS called him out. A bunch of white people got mad and left. JS said something like don’t mess with those white women. Hysterical.

  69. Bystander says:

    Lib,

    If you like jazz organ, pick up McGriff/Groove Holmes Giants of Organ Live. Album smokes. I patiently wait JJ with giant organ comment

  70. Painhrtz - Disobey! says:

    Lib tried jazz organ during his college experimental phase decided he did not like it when he met Gator

  71. Libturd in Union says:

    I majored in the skin flute.

  72. ccb223 says:

    That’s convenient Com. Ottoman makes a thorough detailed argument about something you’ve been posting about ad nauseum and since you have no retort you are just going to “ignore the troll”…cool.

  73. Phoenix says:

    -72
    TMI

  74. grim says:

    Tiger Okoshi fans?

  75. Comrade Nom Deplume, back as Captain Justice says:

    [73] 223

    I’m sorry. Could you point to the part that presented facts and analysis of those facts? Because all I saw was an opinion masquerading as argument.

    I especially loved the conclusory and categorical statements.

  76. Libturd at home says:

    I see Weinstein is stepping down from NJ Transit amid complaints of NJT’s reliability. Add this morning and two trains during this evenings rush to the list of problems on our line. No explanation as to why the 5:33 or the 6:10 were cancelled. Now that’s customer service for you.

  77. Comrade Nom Deplume, back as Captain Justice says:

    [73] redux

    Then there are the [completely unsubstantiated] assertions (oh hell, let’s call them facts) that have nothing to do with the point he started with. At least, what I thought was the part he started with. Frankly, I’m not sure.

    And let’s assume, for sake of argument that Dunn and Zimmerman, if that’s who he is referring to, are my “racist heroes”. First, I see no support for it nor does he cite any, and, second, he provides no support for the initial premise.

    Heck, I could go on dissecting his so-called argument. There might have even been a point to make worthy of discussion. But where I argue, ad hominem, unsupported conclusory statements, and factual assertions without evidence get objected to and thrown out. And for good reason. Because without it, you are endorsing a lynch mob mentality. Wrap your brain around that.

  78. joyce says:

    Comrade,
    Please please please don’t pretend a court room (or other common areas where lawyers practice) is akin to the Harvard debate club.

  79. Comrade Nom Deplume, back as Captain Justice says:

    [79] Joyce,

    Actually, same rules apply, more or less, but with different consequences for going out of bounds.

    There was a time when I would rebut and refute all day. Now I just find it tiring. I think that’s why every judges favorite procedural rule is 12(b)6.

  80. Libturd in the City says:

    Another day, another 20 minute NJ Transit train delay. This morning we got to witness a passenger trying to rub it in to one of the conductors as to how their boss was just fired due to incompetence during Sandy as well as general unreliability of train and bus service. As expected, the conductor was about as indifferent about the passenger’s opinion as he was about today’s delays. Figure 100 people per train on a 10-train set and today’s delays caused a mere 333 hours of lost production time. See? Perhaps I should tweet it so Anon might support the cause.

  81. anon (the good one) says:

    You should. I did after Sandy. Took them months to fix things

    “Perhaps I should tweet it so Anon might support the cause.”

  82. joyce says:

    Perhaps in civil proceedings it’s different (read: better) … but in criminal, lawyers on both sides of the case are never disciplined.

    Comrade Nom Deplume, back as Captain Justice says:
    February 19, 2014 at 8:29 am
    [79] Joyce,

    Actually, same rules apply, more or less, but with different consequences for going out of bounds.

    There was a time when I would rebut and refute all day. Now I just find it tiring. I think that’s why every judges favorite procedural rule is 12(b)6.

  83. Libturd in the City says:

    Looks like my line has been the most affected by the Sandy debacle.

    http://www.njtransit.com/var/var_servlet.srv?hdnPageAction=SandyRecoveryTo

  84. chicagofinance says:

    Not sure what you mean here, but bottom line, why should the cop have to put up with this garbage?

    joyce says:
    February 19, 2014 at 10:30 am
    If you have nothing to hide…

    http://www.theblaze.com/stories/2014/02/18/video-what-happens-after-an-nyc-man-decides-to-video-record-officers-is-sure-to-spark-an-intense-debate/#

  85. joyce says:

    For Gary:

    I don’t think you can complain about the location, and it’s cheap enough that you can fix/change anything you want.

    http://www.weichert.com/45260444/

    p.s. I know nothing about Wycoff

  86. joyce says:

    86
    chicago,

    Did you watch the whole video?

  87. Painhrtz - Disobey! says:

    Lib maybe NJ transit just has it out for you and all the otehr lost souols in Brigadoon

  88. Painhrtz - Disobey! says:

    egads the horror of spelling

  89. Libturd in the City says:

    Well about a decade ago, when we were in another bad spell with NJTransit delays and frequently were stuck standing due to short train sets, I made a load of copies of their complaint form and handed them out on our train and collected them on the way off and submitted them at the customer service office in Hoboken. Things did get better for a while. Maybe I’ll have to do it again? The conductors actually backed me up the last time I did this.

  90. Street Justice says:

    Tweet of the day

    Michael Dauber ‏@mgdauber ·Feb 13
    #AskSenPres Exactly what does BEAR mean in #2A Bill of Rights “To Keep & Bear Arms” @NJSenatePres Why does NJ forbid citizens #CC? #NJ2AS

    Steve Sweeney
    ‏@NJSenatePres ·Feb 13 .@mgdauber Mayor- I will never support carrying a concealed weapon no matter how many ways you ask me or times you retweet. #AskSenPres

  91. Juice Box says:

    re: # 86 – good way to hit the lottery. This is probably good for a $300k settlement.

  92. Anon E. Moose says:

    Re: [92];

    Two easy follow-ups: One for ‘clarification’ of his position – “Then you have no objection to citizens who open carry, only concealed?” Its really not about concealed for anti-gun types, its really the gun itself, or rather the power it gives the individual to be free from abuse at the hands of the state or criminals (a great deal of crossover in those two groups).

    And two for hypocrisy: “Then you can confirm that you’ve ordered your security detail not to carry concealed?” CC is fine for me, but not for thee.

  93. Street Justice says:

    Cop needs to relax and the cameraman needs to get a job.

    Mess with the bull get the horns.

    84.joyce says:
    February 19, 2014 at 10:30 am
    If you have nothing to hide…

    http://www.theblaze.com/stories/2014/02/18/video-what-happens-after-an-nyc-man-decides-to-video-record-officers-is-sure-to-spark-an-intense-debate/#

  94. joyce says:

    Ask him about open carry then

    92.Street Justice says:
    February 19, 2014 at 11:14 am
    Tweet of the day

    Michael Dauber ‏@mgdauber ·Feb 13
    #AskSenPres Exactly what does BEAR mean in #2A Bill of Rights “To Keep & Bear Arms” @NJSenatePres Why does NJ forbid citizens #CC? #NJ2AS

    Steve Sweeney
    ‏@NJSenatePres ·Feb 13 .@mgdauber Mayor- I will never support carrying a concealed weapon no matter how many ways you ask me or times you retweet. #AskSenPres

  95. joyce says:

    If silently standing far away from a cop is “garbage” or “messing” with him, then I’m at a loss on how to respond.

    95.Street Justice says:
    February 19, 2014 at 11:28 am
    Cop needs to relax and the cameraman needs to get a job.

    Mess with the bull get the horns.

    84.joyce says:
    February 19, 2014 at 10:30 am
    If you have nothing to hide…

    http://www.theblaze.com/stories/2014/02/18/video-what-happens-after-an-nyc-man-decides-to-video-record-officers-is-sure-to-spark-an-intense-debate/#

  96. Fast Eddie says:

    joyce,

    Thank you for the link to the house. :)

  97. Street Justice says:

    He was asked. He doesn’t respond much to the questions though. I don’t think he understands or cares how the laws even currently work (or don’t)… Trouble is, it’s looking more and more like NJ gun laws will be declared unconstitutional and he will be one of the guys writing the new laws…

    96.joyce says:
    February 19, 2014 at 11:43 am
    Ask him about open carry then

  98. Painhrtz - Disobey! says:

    Street I’m fine with open carry

    Damn moose beat me to it

  99. chicagofinance says:

    Didn’t see the video until you mentioned it.

    The cop is pretty responsible.

    The cop asks for the person’s name….it was not furnished.
    The cop asks whether the person as ever been arrested….no response.
    The person asks for name and shield number…..the name and shield number are visible because the office is in uniform, not plain clothes.
    Referred to officer by last name only…..
    Cursed at cop 5x
    Tells a cop to get away from him.
    The cop told him to leave the station and he did not.
    Also, as a standing backdrop…there is official police business occurring and there is no reason to stand there a watch….mind your own business and be on your way.
    The person then resisted arrest…..

    joyce says:

    February 19, 2014 at 11:45 am

    If silently standing far away from a cop is “garbage” or “messing” with him, then I’m at a loss on how to respond.

    95.Street Justice says:
    February 19, 2014 at 11:28 am
    Cop needs to relax and the cameraman needs to get a job.

    Mess with the bull get the horns.

    84.joyce says:
    February 19, 2014 at 10:30 am
    If you have nothing to hide…

  100. chicagofinance says:

    joyce:
    I was 25 years old and driving east on Route 78 in rural PA driving 80 mph in what I thought was a 65 zone.
    Drive through a speed trap and see patrolman put on lights.
    I slow down and pull to the side of the road and wait for him (i.e. didn’t make him chase me down and pull me over).
    I turn on the dome light in my car (since it was about 1AM) and put both hands on the steering wheel.
    The officer approaches and I completely open the driver’s sider window.
    He asks do I know why he pulled me over? and I say I was driving 80 mph.
    I make sure to look at his badge and see his name is XXXXX
    He said that it was a 55 zone, and said I didn’t realize that….
    He asked for driver’s license, registration and insurance paper.
    I said “Trooper XXXXX my wallet is in my left pocket and my insurance paper is in the glove compartment.”
    I handed them over and he made me sit there for about 10 minutes.
    He came back and said with a straight face in an authoritarian tone…..”There was a traffic control device (i.e. the 55 MPH sign) that you failed to heed because you did not maintain a clean vehicle and your windshield is clearly obscured (he says this while we are in the pitch black except for his car’s lights, my dome light, and his flashlight). I am citing you for failure of proper vehicle maintenance. Please make sure to maintain your vehicle in the future and please dive safely. Thank you and have a safe evening.”

    $36 no point ticket for doing 80 in a 55 and openly confessing it to the trooper…….

    If I instead “messed with the cop”…maybe I would have had a different outcome.

  101. Street Justice says:

    He didn’t say that he would support that either….but he didn’t say no….

    I did see a tweet calling for more background checks though (even though there are technically already 3 for handguns in NJ along with fingerprinting…). I’m starting to think none of his positions really make any sense, it just makes good political theater and he is pandering to they folks who might put him in the Governors mansion someday.

    https://twitter.com/NJSenatePres/status/434020083325620224

    100.Painhrtz – Disobey! says:
    February 19, 2014 at 12:59 pm
    Street I’m fine with open carry

    Damn moose beat me to it

  102. joyce says:

    I’m sorry but that was a pathetic and impotent response.

    The cop acting like a 5-year old and blocking his view with a phone and his body is reasonable? The cop only asked for the guy’s name after said guy asked the cop to get out of his personal space. The person was doing nothing wrong, nor unlawful, so any contact by a cop was a voluntary exchange. He’s under no obligation to say anything let alone answer questions. Yes, he cursed at him so what (probably the only thing immoral he did if I stretch it), still not illegal. “Tells cop to get away from him” ugh you’re point being? Cop tells him to leave… similar to asking his name and history. The guy has no obligation to do anything this cop says/asks cause. Yes, there is another cop doing something that let’s assume is on the up and up… he chose to stand far away, remain silent, and not interefere. Who cares if he decides to watch? The cop who was actually doing something constructive didn’t seem to care. It’s not illegal to stand and watch, or film, public officials in public places. “The person then resisted arrest”… we have only the cop’s word on that PLUS more importantly, it is lawful and in my opinion required to resist unlawful arrests. In conclusion, quite clearly the pig (in every sense of the word) Rojas escalated everything and was the aggressor.
    101.chicagofinance says:
    February 19, 2014 at 1:01 pm
    Didn’t see the video until you mentioned it.

    The cop is pretty responsible.

    The cop asks for the person’s name….it was not furnished.
    The cop asks whether the person as ever been arrested….no response.
    The person asks for name and shield number…..the name and shield number are visible because the office is in uniform, not plain clothes.
    Referred to officer by last name only…..
    Cursed at cop 5x
    Tells a cop to get away from him.
    The cop told him to leave the station and he did not.
    Also, as a standing backdrop…there is official police business occurring and there is no reason to stand there a watch….mind your own business and be on your way.
    The person then resisted arrest…..

  103. joyce says:

    What is the point of your anecdotal story? I’ve been stopped for a brake light out and been given a warning; I’ve been stopped for a license plate bulb out and been given a ticket. I’ve been stopped for speeding 77 in 65 and got a ticket. I was stopped on 80 for ‘failure to stay right’ when the ramp to 280 was less than a mile away (the exit if off the left lane) and got a ticket… cop didn’t want to hear it but the charge was dismissed at court.
    And on and on… I never tried to pick a fight nor act terrified during a traffic stop. If lights are on behind me, I pull over and grab my papers. This guy didn’t mess with them or pick a fight. If he was standing far away but yelling at them while they cuffed his friend or a stranger or whomever, that’d be different (though still not any crime). He stood there and filmed… so what?

    At the very end of the video some stranger is filming the guy being handcuffed… do you think supercop Rojas ran over and cuffed bad guy #2 as well? Same offense, right? Actually worse cause he was shouting at the officer not to tackle him in the ice & snow. Oh the humanity.

    102.chicagofinance says:
    February 19, 2014 at 1:19 pm

  104. NJGator says:

    Grim – Check your inbox!

  105. nwnj says:

    TWTR is -5% today. I guess the analysis which basically described anon as their core demographic has made the rounds.

  106. Street Justice says:

    Here come the smart guns…

    http://m.washingtonpost.com/blogs/local/wp/2014/02/19/for-chris-christie-a-smart-gun-problem/

    The new iP1 smart gun from Armatix. (Armatix)

    New Jersey Gov. Chris Christie has a rather nuanced view on gun control.

    Following the tragedy at Sandy Hook Elementary, the Republican governor with White House fantasies but current political headaches signed 10 gun control measures into law.

    But he vetoed three high-profile ones: “a ban on the .50-caliber Barrett rifle, a bill that expanded background checks and gun safety training, and a bill requiring the state to send information on lost and discarded guns to a federal database,” as my colleague Aaron Blake noted last year.

    Now Christie’s administration is facing a gun issue that began unfolding long before it got to Trenton.

    In my front-page story on the emergence of smart guns, I noted that New Jersey passed a controversial law in 2002 mandating that, as I put it, “only smart guns be sold in the state within three years of a smart gun being sold anywhere in the country.”

    A smart gun is now on sale in California.

    The N.J. law requires the state attorney general to certify that the gun is for sale, whether it meets the definition under the law, and to notify the governor and legislature.

    In New Jersey, the attorney general is appointed by the governor. The current office holder is John Jay Hoffman, who took the role in an acting position, replacing Jeffrey Chiesa, who resigned to temporarily fill the senate seat of Frank Lautenberg after he died.

    I made requests for comment to Hoffman’s representatives, but never heard anything back.

    Meanwhile, the primary sponsor of the New Jersey law, Senate Majority Leader Loretta Weinberg (D), sent a letter to Hoffman after she learned last month that a smart gun in California could be on sale soon. The Democrat reminded Hoffman of his responsibilities under the law.

    “I expect your prompt attention to this matter and look forward to your reply,” Weinberg wrote.

    She has not received a reply.

  107. chicagofinance says:

    Your attitude and behavior are consistently nasty on these threads to an overwhelming fault….sometimes you are entertaining, and in many instances you make logical sense, but regardless, it serves no purpose to try and pick fights with people…..in short, the below comment is simply assenine…..

    joyce says:
    February 19, 2014 at 1:43 pm
    I’m sorry but that was a pathetic and impotent response.

  108. chicagofinance says:

    Also, cops may be fascists, but bottom line, you really should do what they ask unless it is really out of line…..asking someone to leave a subway station because they are filming in interaction with a fare beater is a reasonable request…..

  109. joyce says:

    I posted a piece of news that I find interesting (obviously the topic of unlawful police behavior, especially when it goes unpunished, is something I comment on regularly). I struggled to understand how you could have come up with your original response to it due to the fact that it was backwards from what the video showed. When you expanded in detail, you gave a laundry list of non-illegal things that the person did while leaving out entirely that the cop escalated the incident and acted like a child initially… until he acted like a criminal. To which I said that was a pathetic response. I’m sorry if you find that asinine.

  110. joyce says:

    110
    It is a reasonable request, but one that is not mandatory to follow.

  111. 30 year realtor says:

    I have had the good fortune of encountering some very professional police officers in some difficult situations. These professional officers would have no concern about their professional conduct being recorded. Unfortunately not all officers are so professional. Those who are not should be held accountable!

    The behavior of the officer in the video was not professional. His aim was not to protect and serve. The officer had an agenda and his agenda had nothing to do with enforcing the law.

  112. Essex says:

    Ahhhhh life is good.

  113. Happy Renter says:

    [110] “Also, cops may be fascists, but bottom line, you really should do what they ask unless it is really out of line…..”

    Well, as a matter of practical advise, I don’t think anyone, including Joyce, would argue with that statement.

    “asking someone to leave a subway station because they are filming in interaction with a fare beater is a reasonable request…..”

    No, “asking” someone to leave a subway station because they are [engaged in any lawful, harmless activity that the cop just doesn’t like] is not a reasonable request.

  114. Happy Renter says:

    I’m confused; Al Sharpton told me that this kind of stuff only happens to sweet, skittles-toting youths of a darker hue . . .

    http://www.nydailynews.com/news/national/georgia-teen-holding-wii-remote-shot-cops-front-door-family-lawyer-article-1.1619842

  115. Happy Renter says:

    [84] Joyce, maybe you will get more traction if you refer to Officer Rojas as a “white hispanic” . . .

  116. Ben says:

    I once had an officer ticket me for going 38 in a 35 at 2 am at Rutgers. He was obviously a rookie cuz he couldn’t have been more than 23. I was pulling an all nighter taking data. At the time, there was construction and the speed limit sign was changed from 35 to a blank sign. So, I walked 4 blocks there back to the site after I got my cup of coffee and snapped a photo of it for my court case. He comes flying out of no where and drives up my ass like he’s gonna run me over. I told him to leave me alone and he was like “are you mad at me or something, why?”. He didn’t even remember who I was. That’s how many tickets he was writing out that night. I told him that I could point out 5 to 10 drunk drivers right about now up on College ave. At that point, he went berserk and screamed for me to get my hands out of my pockets. 30 seconds later, two other cops come flying up and pop out from behind their doors like they are going to shoot me. I just walked away and told they didn’t follow.

    He wrote the wrong court date on my ticket and a warrant was issued for my arrest. I went to court and the prosecutor still want me to plea to careless and $500 surcharge. The judge looked at me like I was a delinquent for missing court. I found out that he wasn’t employed by the university anymore after he disappeared from the directory. So, I demanded a trial and they dropped because the cop was long gone. The judge even took time to lecture me about speeding on campus prior to dropping the case.

    I’ll never forget it. “You do amazing things in the lab, lets try to do amazing things on the road”.

  117. joyce says:

    119
    [Re: his lecturing]
    As if municipal court judges are the creme de la creme of their profession, lol

  118. joyce says:

    117

    That was a good one

  119. Street Justice says:

    Happy, looks like she had a hi point carbine…

    aka the ghetto blaster…cheap but deadly….

    http://www.hi-pointfirearms.com/carbines/carbines_9mm.html

    You don’t need 10 bullets to kill a deer though right?

  120. Happy Renter says:

    [122] “You don’t need 10 bullets to kill a deer though right?”

    Yeah — whoever said that must have never come across the wildlife in Detroit.

  121. Grim says:

    I used to drive the local municipal judge home from the restaurant bar at 3pm on a Saturday afternoon, usually he was too drunk to make it to the parking lot, let alone drive home.

    Well, I only drove when the local boys in blue taxi service couldn’t do it.

  122. Michael says:

    Check out these videos for a laugh. It’s insane, when you think of how much we are manipulated. People think lawyers are the work of the devil, they should take a look at people working in marketing.

    In the second video, at about the 12:45 mark, you have your proof for how corporations take over a govt. To buy shares in that country’s major corporations, as a means of influencing its’ leaders, is rather brilliant but downright dirty. Point being, if the diamond industry was able to pull the strings of a major govt like Australia, what the hell are these other industries doing?

    You want to think that everything is run the honest way, with good intentions, but the more you look into history, the more you realize it is not. Sad to say, but these conspiracy nuts are prob right more often than not. Just easier for people to not to believe it.

    http://m.youtube.com/watch?v=N5kWu1ifBGU

    http://m.youtube.com/watch?v=uRGp0x8ZE8w

  123. Libturd at home says:

    Nice one Happy Renter. I love those stories. I bet the mom’s rifle was licensed and the teenager’s wasn’t. But we need to continue to attack the legal owners.

  124. Best story of the day was Ozil swallowing his tongue, then Bayern bitch-slapping the Wankers back into their usual listless despondency.

    Suck it, gluteus.

  125. Goddam. Arsenal rant moderated.

  126. Comrade Nom Deplume, back as Captain Justice says:

    [128] clot,

    On the TANYC page, one of my friends was taunting me. He said he was going to order a Gooner kit with my name on it. I told him I’d no sooner accept that than I would Yankee pinstripes.

  127. Comrade Nom Deplume, back as Captain Justice says:

    Deutschland Uber Arsenal.

  128. Nanda e via cavo hanno piani per rendere il sistema più intelligente. Vogliono aggiungere un chip Bluetooth in modo che possa connettersi a Internet attraverso un computer nelle vicinanze e le previsioni del tempo di download automaticamente. Poi sarebbe parlare solo su se hai dimenticato il tuo ombrello e pioveva.Ho avuto al mio posto non un momento troppo presto. Come il direttore della clinica lo ha introdotto uno dei più grandi allenatori alltime del gioco e senza dubbio il costrut

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  130. WestJester says:

    I recall reading awhile ago that certain US banks have the right to issue currency. One was in Illinois. I do not remember why they retain that right.
    Is this correct, or am I mistaken?

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