Cleaning up the robosigning mess

From HousingWire:

Vermont and New Jersey pass emergency amendments to foreclosure law

Vermont and New Jersey recently enacted emergency amendments to each state’s foreclosure law that require a case plaintiff to more extensively validate and verify the accuracy of the foreclosure.

According to the Vermont amendment, a judgment of foreclosure may not be issued until the plaintiff’s counsel certifies “that counsel’s communication with a plaintiff’s representative, inspection of papers that have been filed, and other diligent inquiry have established the completeness and accuracy of all documents” supporting the foreclosure claim.

The amendment applies to all residential properties of four units or fewer.

According to the mortgage banking unit of the law firm Patton Boggs, New Jersey’s foreclosure is very similar, except it only applies uncontested foreclosures.

According to a report by Lender Processing Services, New Jersey has one of the highest percentages of delinquent loans in the country. The New Jersey Supreme Court ordered the nation’s largest lenders, including Bank of America and Ally Financial, to defend their foreclosure processes in the state.

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124 Responses to Cleaning up the robosigning mess

  1. Confused In NJ says:


  2. Shore Guy says:

    Looking at an article about government abuse of political opponents in Belarus (aka the last Stalinist state), I saw an image of two people voting (now in jail for opposing the dictator — what were the odds, right?). Anyway, on the ballot box was en emblem, whch one might assume is a symbol representing Belarus (and all its democratic ideals, cough, gag.). Take a look at it and see if it brings to mind any other politicians emblem:

    I am not sure whether it is obvious or whether I had one too many mls of wine tonight.

  3. sas3 says:

    Shore, mls? are you sure it isn’t in gallons?

  4. Mike says:

    The time bomb is ticking

  5. wheaties says:

    Are they dumb, stupid, or just plain idiotic? Uncontested mortgages… We’ve already got a shitload of people living in homes that not only can they not afford but also haven’t been paying for. Property taxes are sky high and with government getting in the way of the market there’s no real price transparency. When I go over to Zillow all I see are 1/3 of all properties in a given town are listed as foreclosures. Really!? Who wants to even consider buying a home knowing that prices will be falling for years to come?

  6. Shore Guy says:

    Well, duh!

    WASHINGTON—Former Fed Chairman Alan Greenspan said the U.S. could face a bond-market crisis if politicians don’t act soon to start cutting the nation’s debt.


  7. Chuchundra says:

    Why should we listen to Greenspan? Does he have any credibility left at this point?

    Back in the day a lot of people thought he was some kind of economics super-genius. Now it’s pretty clear that he is and was just another partisan hack.

  8. grim says:

    From Bloomberg:

    Christie May Cut Medicaid as $10.5 Billion New Jersey Budget Deficit Looms

    New Jersey Governor Chris Christie gives his first State of the State speech tomorrow after saying he may cut Medicaid and employee benefits to eliminate a $10.5 billion budget deficit in the second-wealthiest U.S. state.

    Christie, who took office a year ago, said he’ll tell lawmakers in his address that New Jersey remains in a financial crisis and they need to maintain fiscal controls as employment and revenue recover slowly from the longest recession since the 1930s. The Medicaid program “is one of the things we’re going to have to look at,” Christie said in a Jan. 4 interview.

    The 48-year-old chief executive joined 28 other Republican governors asking President Barack Obama and congressional leaders last week for permission to reduce Medicaid outlays below federally prescribed levels. New Jersey budgeted $3.1 billion for Medicaid in the fiscal year ending June 30 and was scheduled to receive $1.1 billion in federal stimulus funding, according to the Treasury Department.

    New Jersey has run consecutive annual deficits for a decade. The governor told reporters in December that balancing the next budget will be even tougher than the current plan.

  9. grim says:

    From the Star Ledger:

    Business at Atlantic City casinos drops another 10 percent in 2010

    Atlantic City’s 11 casinos have just finished their fourth straight year of plunging revenues and shrinking market share.

    Figures to be released this afternoon by the state Casino Control Commission are expected to show the nation’s second-largest gambling market has lost nearly a third of its business since the end of 2006.

    A decline in the range of 10 percent for 2010 is expected.

    The big difference this year is that New Jersey lawmakers are preparing radical surgery for their ailing patient. Gov. Chris Christie’s Atlantic City rescue plan is making its way through the legislature, with key votes scheduled for Monday afternoon.

  10. Mikeinwaiting says:

    Alaska pipeline (oil) has a leak, shut down. Get ready to pay more at the pump.
    From what I understand not a major leak or environmental issues. Easy repair could be done quickly. Fly in the ointment, gov. agency (forgot the alphabet soup name PINRA or something) in charge of giving permission to reopen will take forever.

  11. Mikeinwaiting says:

    P.S. something like 95% of our domestic production.

  12. Mikeinwaiting says:

    Spread between German Bund & Spanish bonds reaching for that all time high. Spain at over 7%, get out the popcorn enjoy the show. I believe Spain has an auction next week, going to need the big popcorn.

  13. grim says:

    #11 – Nah, 95% of the north slope production. If turning the gulf into a turkey fry didn’t push gas prices up, I really doubt this will. Oh, and the spill happened inside the pump building.

  14. grim says:

    From the WSJ:

    Market for Vacation Homes Is on the Rise

    Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers’ rising stock portfolios.

    On Mercer Island, Wash., waterfront sales nearly tripled in 2010, compared with a year earlier, reaching par with 2006 volume there. Sales on Hilton Head Island, S.C., rose 14% for the year. Palm Beach, Fla., experienced a 40% annual increase and a 54% increase in homes under contract, indicating an especially strong fourth quarter. Palm Beach sales volume now is comparable to its 2007 peak. These figures were gleaned by brokers in each locale.

    “The proverbial train has left the station,” said Ned Monell, an agent with Sotheby’s International Realty in Palm Beach. “We haven’t felt energy like this in a long time. Buyers sense that they’ve been on the sidelines long enough.”

    The question now is whether the momentum will last. The strength of second-home sales paints a stark contrast to the overall housing market, which is expected to worsen in 2011.

    Sales of second homes are showing an uptick even in more-affordable communities. In some locations, prices are even inching upward. Cape Cod sales climbed nearly 9% in 2010 from 2009, while prices rose 7%. Monroe County, Pa., in the heart of the Pocono Mountains, saw a 3% decline in transactions, but its Lake Naomi resort community was up nearly 15%. A one-acre plot off Lake Naomi recently fetched $1.1 million, a record deal for the area.

    Still, in most markets where demand has improved, prices haven’t. For Realtor Andy Twisdale in Hilton Head, S.C., it is too soon to rejoice; prices are down almost a third over the past five years. “People are buying at the very low end of the product,” he said. “The financing is very difficult. Banks are requiring 25% down and crystal clean credit.”

    Buyers who qualify or can pay cash say this is the time to take the plunge. On New Year’s Day, the Makarewicz family arrived in Pocono Pines, Pa., to look for a vacation home. They already own their primary residence in northern New Jersey and own a property in Damascus, a northeastern Pennsylvania town along the Delaware River. But the family says the latter doesn’t offer enough things to do: Not enough shopping. Not enough activities for kids. Not even enough fish.

    “How’s the bass here?” Joe Makarewicz, a vice president for sales at a financial-services firm, asked Re/Max Realtor Rob Baxter as the two looked at floor plans.

  15. Mikeinwaiting says:

    Grim 13 Northern slope missed that , my bad. They will still need agency approval to reopen pump house not with standing, no? As far as pricing I believe that we have different market conditions, we shall see.

  16. Nation of Wussies HEHEHE says:
  17. Nation of Wussies HEHEHE says:

    Feel free to send that link to any of your friends and family who think things are getting better.

  18. Nation of Wussies HEHEHE says:

    From Charles Hugh Smith:

    Why the World Is Financially Doomed in Four Charts

  19. HE (18)-

    Better yet, get a little jiggy and go shoot your Clowngressman in the head.

  20. Nation of Wussies HEHEHE says:


    I do not advocate violence nor will I engage in it but I can’t help but wonder why of all the brazen criminals in Congress this kid goes after somebody who was clearly near the bottom of the list.

  21. I feel so badly for the banks having to chafe under this damn thicket of new regulations and laws. Government needs to get the hell out of the way and let the market work. Some stinking real estate terrorists deliberately decided to blow up this damn market by refusing to pay for a damn house they got and now the government is going to protect them while good Americans like me get no help? That makes no damn sense. Let them get foreclosed on rather than let the poor banks bleed. They lent money in good faith and don’t deserve this. My bank has stood by me and dammit, I intend to stand by it.

  22. D2b says:

    He 21- thought the same thing. We will probably discover that this guy had problems with women.

  23. 30 year realtor says:

    #22 – Wasn’t it supposed to say: I feel so badly for the banks having to chafe under this damn enforcement of long existing law.

    How dare these attorneys general enforce the stinking law? We don’t need no stinking laws!

  24. grim says:

    5 – agree, why bother with uncontested foreclosures at all? Is the point to make an already lengthy judicial process even longer?

    At what point does this begin to impact new credit extension on NJ?

  25. Shore Guy says:

    “except it only applies uncontested foreclosures.”

    Is this what the bill says or is it a misstatement by the writer? I have seen too many instances of reporters messing up basic facts, and editors not catching the errors, to have full faith in what I read.

  26. Yikes says:

    anyone see 60 mins?
    Here’s that assclown Ed Rendell going bonkers

  27. Schrodinger's Cat says:


    You should be happy, per HEHE’s link at 16, in the last 2 years we have gone from 43 active militias to127!!!

  28. JJ says:

    So the astronot has long island connections, went to school in great neck and some nut shot his wife in the head. Joey Butterfuco better call him up quick to advise him on how to make money off this.

  29. HE (21)-

    False flag. Gubmint finds and “develops” a nutjob, pointing him at the most middle-of-the-road political person in his area. Gubmint then- through their media and law enforcement mouthpieces- immediately commences a campaign to denounce (and ultimately silence) conservative speech, labeling it incendiary and hateful.

    I’m not implying that this is the case with Giffords’ shooting. However, were it to be true, it would not surprise me. I find it creepy that the left (Krugman, Olberman, etc) so quickly seized on this incident to denounce the right wing media, knowing nothing about the shooter, his background or his motives.

    I find it frankly troubling that the sheriff in Tucson has more than once used press conferences to share his unsubstantiated opinion that conservative radio & TV somehow stims all “lone nut”-type mass killings.

    BTW, I cannot stand Rush, Beck, Palin and their fellow travelers. IMHO, they are just too stupid to be credible. However, Krugman, Olberman and the whole lefty crew just make my guts curl. What disgusting, lowlife rats they are.

  30. Stand for delivery in March…and wait for your payoff in fiat (at a 20-30% premium, natch).

    “For all who need another confirmation that the silver physical market is increasingly more illiquid, at least compared to its infinitely dilutable and utterly mangled paper cousin, here is PSLV manager Eric Sprott himself: “Frankly, we are concerned about the illiquidity in the physical silver market,” said Eric Sprott, Chief Investment Officer of Sprott Asset Management. “We believe the delays involved in the delivery of physical silver to the Trust highlight the disconnect that exists between the paper and physical markets for silver.” Curiously, this has occurred even as the US Mint reports that sales of silver in December was the lowest in 2010, at just 1,772,000 ounces. It is unclear if this number was this low due to an actual supply shortage at the mint. Perhaps the fact that 2,221,000 silver ounces were sold in just the first week of January, a number which if run-rated would be an absolutely all time monthly record, should provide some clarity on this issue.

    From Sprott Asset Management:

    TORONTO, Jan. 10 /CNW/ – Sprott Asset Management LP is pleased to provide investors with an update on the delivery status of silver bullion purchased by the Sprott Physical Silver Trust (NYSE ARCA: PSLV, TSX: PHS.U) (“Trust”).

    As of November 10, 2010, the Trust had contracted to purchase a total of 22,298,525 ounces of silver bullion. As of December 31, 2010 a total of 20,919,022 ounces of silver bullion had been delivered to the Trust. The Trust expects to take delivery of the final 1,379,503 ounces of silver bullion by January 12, 2011 and will subsequently publish the serial numbers of all bars held by the Trust on its website:

    “Frankly, we are concerned about the illiquidity in the physical silver market,” said Eric Sprott, Chief Investment Officer of Sprott Asset Management. “We believe the delays involved in the delivery of physical silver to the Trust highlight the disconnect that exists between the paper and physical markets for silver.”

  31. Libtard says:

    It’s the same old lefty vs. righty bullsh1t. Meanwhile, the banksters continue to bend you over their knees while you remain fixated on the diversion.

  32. Schrodinger's Cat says:

    Well this could get interesting

    Former House Speaker and possible GOP presidential contender Newt Gingrich is pushing for federal legislation giving financially strapped states the right to file for bankruptcy and renege on pension and other benefit promises made to state employees.

  33. Comrade Nom Deplume says:

    21. Hehehe

    Seems he was on her mailing list. Probably nothing more.

  34. Bangladesh stock market crashing; riots erupting now.

  35. Schrodinger's Cat says:

    RE Newts proposal:

    I seriously doubt it will make it far before being smacked down, but this could be the impetus for some interesting political theater.

  36. Comrade Nom Deplume says:

    I expect within one week a story on a spike in gun and ammo sales.

  37. I expect the banksters’ ongoing daylight bank robbery to continue until the middle class is completely destroyed and subjugated to a life of debt serfdom.

  38. Schrodinger's Cat says:


    Monirul Islam, an investor attending the protests, told the AFP news agency: “I lost $70,000 dollars. This is insane – my whole savings are gone.”

    “I poured all my money into the Dhaka stock exchange,” Humayum Kabir, another Bangladeshi investor, said.

    “The finance minister lured us into the stock market, he told us it was safe, but now we have lost everything. They artificially jacked up the prices of junk shares and now our savings have vanished,” Kabir said.

    You are talking about a lot of pissed off and now desperate people.

  39. Schrodinger's Cat says:


    I have spoken to some fireamrs parts suppliers and they have had a nonstop boom for the last 1 – 2 years, constant back orders. Building your own firearm is a booming industry that seems to be flying under the MSM radar so far. Although i am sure the FEDs keep an eye on it.

  40. Schrodinger's Cat says:


    Dont forget reloading your own ammo can be a BIG cost saver and can act as another form of shadow demand. Reloaders arent buying manufactured ammo but you will probably see jumps in powder and bullet purchases if you have access to that sort of data.

  41. Painhrtz says:

    Cat have seen a sharp increase in blackpowder cost I can only imagine the pressures being put on the smokeless variety.

    HEHE the atlantic puts out some great analysis on occasion. Those orange charts are terrifying, should see more nuts out with semi autos in fly-over states soon.

  42. Schrodinger's Cat says:


    The US still makes some of the best quality ammo in the world. We may yet be able to end up a reserve currency, the currency being US made ammo. I wonder what the XAU/US ammo cross is looking like lately ;)

  43. Painhrtz says:

    Cat- “USA finest implements of destruction since 1789” We are damn fine at killing. Have to get back to work figured I would pop in and say hello

  44. G-Music says:

    Im happy U did it. Thanks for writing so informative post. Im lookin’ forward to c and read ur next post. Cheers

  45. NJGator says:

    Apologies if already posted…

    Is Law School a Losing Game?

    IF there is ever a class in how to remain calm while trapped beneath $250,000 in loans, Michael Wallerstein ought to teach it.

    Here he is, sitting one afternoon at a restaurant on the Upper East Side of Manhattan, a tall, sandy-haired, 27-year-old radiating a kind of surfer-dude serenity. His secret, if that’s the right word, is to pretty much ignore all the calls and letters that he receives every day from the dozen or so creditors now hounding him for cash.

    “And I don’t open the e-mail alerts with my credit score,” he adds. “I can’t look at my credit score any more.”

    Mr. Wallerstein, who can’t afford to pay down interest and thus watches the outstanding loan balance grow, is in roughly the same financial hell as people who bought more home than they could afford during the real estate boom. But creditors can’t foreclose on him because he didn’t spend the money on a house.

    He spent it on a law degree. And from every angle, this now looks like a catastrophic investment.

  46. Schrodinger's Cat says:


    Sacramento appears to have fallen in love with the Montklair approach. Even with the sale of government property they are still in the red!

    Brown may be so desperate for cash to balance the books in Sacramento that he will feel compelled to move ahead with the fire sale of 24 buildings on 11 pieces of property.

    The sale would gross $2.3 billion and net the state about $1.3 billion after existing loans on the properties were paid off. That one-time injection of money already has been accounted for in the current red-ink budget. So if Brown dumped the deal, he’d be digging the deficit hole $1.3 billion deeper.,0,4354974.column

  47. 250k says:

    grim, 30-yr, Debt Supernova Clot:

    Why would an agent be asked to leave an agency? Assuming its not for doing something illegal or unethical, could it be for simply not producing enough? I thought as long as a broker has agents willing to pay in to fall under their banner, they would be glad to keep them around even if they only brought in 1-2 listings and sales each year.

    If someone were in need of a buyer’s agent, would you advise they run away as fast as they could from an agent who was “let go”?

  48. Scottie says:

    46 – Gator

    Thanks for the article. It’s spot on.

  49. Double Down says:

    Is Law School a Losing Game?


    Published: January 8, 2011

    If there is ever a class in how to remain calm while trapped beneath $250,000 in loans, Michael Wallerstein ought to teach it.

    Here he is, sitting one afternoon at a restaurant on the Upper East Side of Manhattan, a tall, sandy-haired, 27-year-old radiating a kind of surfer-dude serenity. His secret, if that’s the right word, is to pretty much ignore all the calls and letters that he receives every day from the dozen or so creditors now hounding him for cash.

    “And I don’t open the e-mail alerts with my credit score,” he adds. “I can’t look at my credit score any more.”

    Mr. Wallerstein, who can’t afford to pay down interest and thus watches the outstanding loan balance grow, is in roughly the same financial hell as people who bought more home than they could afford during the real estate boom. But creditors can’t foreclose on him because he didn’t spend the money on a house.

    He spent it on a law degree. And from every angle, this now looks like a catastrophic investment.

  50. Double Down says:

    Dupe article, apologies…

  51. Anon E. Moose says:

    Cat [47];

    Sounds like the offer price will come in at $1.1B. Doh!

    Anyone remember the 1978 Superman movie? The evil plot was to detonate a nuke on the San Andreas and let most of populated and costal California fall into the sea, after having bought up inland desert (would-be costal) real estate on the cheap. Who’d a thunk that would turn out to be California’s fiscal exit strategy?

  52. Libtard says:

    When it comes to ensuring that the milk keeps flowing from the great public sector teet, stupid short-term gimmicks are the rule of the day. These morons and their even more moronic unions are not willing to level the playing field. They’ll eventually pay the price for it.

    Personally, I’d rather be working at 80% salary with no benefits rather than collecting unemployment.

  53. Libtard says:

    From? meant to!

  54. Schrodinger's Cat says:


    I believe you are referring to the James Bond movie A View to A Kill.

    Max Zorin, a prodigy of Nazi experimentation, plans to destroy Silicon Valley in California…Bond and Sutton infiltrate Zorin’s mine, discovering his plot to detonate explosives beneath the lakes along the Hayward Fault and the San Andreas Fault, which will cause them to flood.

  55. Shore Guy says:

    from 46:

    “today, few students except those with strong grade-point averages at top national and regional schools can expect a come-hither from a deep-pocketed firm. Nearly everyone else is in for a struggle. ”

    This is nothing new, really. The problem for the new grads from places other than top schools is that so many firms have cut back there is now a LOT of good legal talent floating round. These downsized attorneys can hit the floor running, are already trained, and are a much greater value for their employers. The real bi-tch is that when things open up, I suspect that firms and other emplouers will look to freshly-minted lawyers and eshew hiring those who graduated earlier and have not yet landed a law job. Those folks are in for a tough time.

  56. Shore Guy says:

    “Personally, I’d rather be working at 80% salary with no benefits rather than collecting unemployment.”

    That is next month’s memo.

  57. Shore Guy says:

    The last line in the Times article — “He gives a slight shrug and a smile as he heads back to work. ‘It could be worse,’ he says. ‘It’s not like they can put me jail.'” — got me wondering. I know of multiple people who have gone BK multiple times just due to overspending. Is it worth contemplating some kind of criminal penalty for this? Two people in particular come to mind; as the noose was tightening and they saw the writing on the wall, they borrowed all they could and ran up every credit card to the limit with no intention of ever paying it back. Is there any reason not to define this as fraud?

  58. Shore Guy says:


    Thanks, I needed that.

  59. Confused In NJ says:

    PHOENIX – Doctors are breathing a sigh of relief as Arizona Rep. Gabrielle Giffords reaches a third day without increased swelling in her brain.

    Neurosurgeon Dr. Michael LeMole of Tucson’s University Medical Center says Giffords is still responding to doctors and her condition is stable. Her brain remains swollen, but the pressure hasn’t increased. He says they’re much more optimistic.

    Of those injured in the deadly shooting Saturday in Tucson, eight are still hospitalized. Two are in intensive care, with one in critical condition. Five are in serious condition, and two in good condition.

    A federal judge, a congressional aide and a 9-year-old girl, Christina Taylor Green, were among the six people killed, while Giffords and 13 others were injured.

  60. whipped says:

    ..and this is a bad thing??!!

  61. Schrodinger's Cat says:


    I know of multiple people who have gone BK multiple times just due to overspending. Is it worth contemplating some kind of criminal penalty for this?

    No, If the lenders are dumb enough to lend to them then so be it. Why should there be a criminal penalty when the consequences of their actions were spelled out in their contracts.

  62. 250K (48)-

    Most brokers won’t get rid of an agent unless he’s done something pretty bad.

  63. homeboken says:

    From the NYT article above, my favorite part – Strategic default in the student loan arena:

    Unless, somehow, the debt just goes away. Another of Mr. Wallerstein’s techniques for remaining cool in a serious financial pickle: believe that the pickle might somehow disappear.

    “Bank bailouts, company bailouts — I don’t know, we’re the generation of bailouts,” he says in a hallway during a break from his Peak Discovery job. “And like, this debt of mine is just sort of, it’s a little illusory. I feel like at some point, I’ll negotiate it away, or they won’t collect it.”

    Forget about the part where this kid borrowed money to “study” in the south of France and Prague for two months prior to enrolling in law school.
    Another favorite is the fiance in the story who doesn’t seem to mind taking on her share of the quarter million this kid is in the hole for.

    The bail-out generation. Exactly what is to be expected when you raise a generation of children in a consequence free environment. Mr. Wallerstein is just waiting for his trophy for participating.

  64. home (66)-

    Let’s not forget that the biggest bailout recipients in Amerika are faceless financial institutions that have taken over a trillion in cash and guarantees.

  65. Nation of Wussies HEHEHE says:


    Could be a false flag. Never know. See what the response is to it all from the government and law enforcement in the months ahead. I found it hard to believe a rep is at a public speaking engagement and there isn’t a single cop around.

  66. JJ says:

    Problem with law is there are lots of loser law schools like Queens College that are cheap but the degree is worthless. Also wall street has sucked in the cream of the crop who rather take quicker MBAs with no bar to pass.

    I thought being a lawyer would be interesting thing to do, but when I found out it is three years of reading books all day, three years of unpaid internships and then I waste a summer studying for an exam if I don’t pass the prior three years are useless. That and losing 3.5 years in the prime of my life I said forget about it.

  67. JJ says:

    Remember the “bank bail-out” actually intended to loan money and be repaid with interest. The “bail-out” was we loaned money to higher-risk companies at investment grade interest rates. However, we got paid back on principal and did received the interest.

    Student loans was a “bail-out” in first place, we made loans to risky people and charged investment grade rates.

  68. Anon E. Moose says:

    re [64];


  69. NJGator says:

    Shore 59 – Friends of my parents many years ago declared BK. The attorney they went to to advise them through this ran his whole fee on their credit card before processing their paperwork.

  70. homeboken says:

    71 – As well he should, the credit card companies would rather you don’t BK, but really they don’t care. It is already figured into the revenue projections. We all end up paying for it via higher rates.

  71. A.West says:

    That Mr Wallerstein is among the most unsympathetic figures I’ve seen lately. What a leech.

  72. Confused In NJ says:

    The “Talk” variety show did an nice tribute to “The Others” shot in Tucson Az, making a special point that their lives were equally important.

  73. joyce says:

    I was reading on Wikipedia over the weekend about topics from A to Z. I eventually came across the book “Nineteen Eighty Four.” I laughed out loud when I read the line, ” Life in Oceania is a world of perpetual war, pervasive government surveillance, and incessant public mind control.

    I emailed it in this form to my brother.
    Life in __________ is a world of perpetual war, pervasive government surveillance, and incessant public mind control.

    He responded, “1984 – present”

  74. Comrade Nom Deplume says:

    [74] confused.

    I couldn’t watch the coverage about the 9 YO that was killed. Guess I am getting soft in my old age.

  75. Comrade Nom Deplume says:

    ATEOTD, after all the recriminations by the left, and backtalk by the right, the motive for shooting her will come down to this:

    He was on the Congresswoman’s mailing list.

    That’s it. No dark agenda, no AWM voter syndrone. He went there with 2 30 round clips because he wanted to be famous. Nothing more.

    And that will hopefully be my final word on the subject.

  76. Shore Guy says:

    Now, a little dirvesion for those who like excellent guitar playing:

  77. Shore Guy says:

    Some seriously-fast pentatonic scale work about 6 minutes in.

  78. I want to buy the damn dip in the Bangladesh stock market. You real estate terrorists have mucked up everything here so damn much that you’re forcing me to look outside of the damn country for opportunity.

    That article on damn law school sucks. This is the same damn crap that ruined the damn real estate market–people talking too damn negative and making up shlt. The only reason that kid doesn’t have a damn job is because his damn grades stunk. Everyone knows that you need to graduate near the top of your damn class to get a job. It’s a damn good thing he can’t squirrel out of the damn debt. That will teach him to get his stinking ass in gear next time and stop partying.

  79. JJ says:

    12-31-1983 was a great 1984 new years eve party!!!!! Was at my house and invited this 5 foot nine inch 120 pound blonde girl I met who people used to say looked like a younger better looking Christie Brinkley without the freckles. Anyhow last thing I recall is a great struggle to get her skin tight leather pants down to her knees, no way was getting her F-me boots off and passing out on top of the bed. Anyhow 1984 started with a bang for me. Pretty much when you are young and single the clock starts ticking at midnight each new Years.

    Funny how time flies, went to a great party at stony brook in the Fall of 1983 and someone plaster 1984 is coming with big slogans of big brother watching us 24 hours a day, like the Y2K scare. I had never even seen a cell phone, PC, internet or even had a VCR, Credit Card or cable yet but big brother was coming. Anyhow we partied hard as big brother was coming to ruin it all. Jungle Juice, Ludes and Hash Pizzas may have made it all seem real. Now 1984 seems so funny.

  80. >>Now 1984 seems so funny<<

    I remember the damn real estate market back in 1984 and the damn 3 for 1 real estate tax shelter write offs before some damn jerk off changed the damn laws and ruined the game. Real Estate terrorists were lurking even back then.

    Also, you need to tighten up on your damn standards with women. They get no piece of me until they show me some damn money and show me they know how to flip a damn house. I don't give a damn if they're built like a damn brick shlthouse. Until they show me the damn money, ain't nothing happening.

  81. nj escapee says:

    Shore, 78 Thanks, Joe B excellent as always,

  82. 30 year realtor says:

    #48 250k – An agent who gets fired is not a good bet. Agent has to be incompetent, unethical or a huge pain in the neck!

  83. Shore Guy says:

    NJ escapee,

    I love to watch him play.

  84. Shore Guy says:

    Oh, yea. Go DUCKS!

  85. the still_lookings says:

    We don’t want to leave the Keys.

    I just can’t leave….


  86. nj escapee says:

    SL, did you come down to Key West?

  87. nj escapee says:

    My wife could give you a tour of the LKMC emergency room. She volunteers there most Mon – Fri.

  88. Orion says:

    From the lead article:

    “According to a report by Lender Processing Services, New Jersey has one of the highest percentages of delinquent loans in the country.”

    And maybe LPS played a tiny bitty role for this problem?!!

  89. Anon E. Moose says:

    re [84];

    *MMMM* *MMMMM* … *MMMMM*

    [removes duct tape from mouth]

  90. moose (92)-

    Please re-apply the duct tape to your mouth.

    And, jump off a bridge.

  91. “It appears that gold isn’t really a currency… until it is. The Economic Times reports that India is attempting to ensure steady crude oil supplies from Iran. In doing so it is doing everything it can to pay Iran in a way that avoid loopholes associated with recent US sanctions. And the stunner: “India could settle crude oil import transaction using gold in the short term, while efforts to resolve the deadlock continue.” But does Iran realize they can’t possibly eat all that gold? Or that The Fed has no way of diluting to oblivion? Or that, unlike the dollar, it is currently not involved in a global race to bottom in which every central bank will have no choice but to print ever more of its linen-infused currencies? Something tells us that the answer to all three is yes.”

  92. Anon E. Moose says:

    Schitzo-Handle-of-The-Month [93];

    I don’t have to bear witness to how disgusting the industry is if the insiders are willing to do it for me.

    Since you like re-naming things so much, why not call the used house sales racket “Mos Eisley” (where “you will never find a more wretched hive of scum and villainy”).

  93. sas3 says:

    Clot, a lot of commercials on Indian TV touting “money for gold” (actually loans with gold as collateral). Big film stars starring in the commercials.


  94. chicagofinance says:

    albani: I want a repeat of this at 8PM this Sunday!

    87.make money says:
    January 10, 2011 at 4:37 pm

  95. grim says:


    is there a package?

  96. Al Mossberg says:

    A very interesting video. Worth a watch for anyone foolish enough to be thinking about buying a house. We are well on our way to 2nd world sh_t box status.

    “James Wolfensohn, former president of The World Bank and CEO of Wolfensohn and Co., addressed Stanford Graduate School of Business students with details about his work at the World Bank during its transition years and how the equation between developed and developing countries is changing. Wolfensohn claimed that in the next 40 years, a global power shift will see today’s leading economic countries drop from having 80% of the world’s income to 35%.”!

  97. moose (95)-

    I always wonder why dicks like you are never the ones catching lead between the eyes when one of the wackos goes off.

  98. borat obama says:


  99. Libtard says:

    Welcome back Borat.

  100. nj escapee says:

    grim, I just booked flights on Delta from Key West to EWR in May for $283 RT. That is the cheapest I’ve seen.

  101. Mikeinwaiting says:

    Borat always a FIRST rate comment, ditto Stu’s sentiment.

    SL in the keys, of course you don’t want to come back, who would.

    Al 99 thanks I feel all gushy over my kids future. On the bright I’ll be ten feet under.

  102. Mikeinwaiting says:

    Nj 103 can you fit me in a carry on!? (on the way back of course) Now now for those of you who have met me be kind.

  103. nj escapee says:

    Mike, you guys are welcome down here anytime. fyi, we have some good pretty good microbrews in Fl. e.g., monk in the trunk. Friends of ours just opened a wine bar on Duval Street which is the new in place.

  104. d2b says:

    104 NJ-
    Just came back from Orlando. $144 for the flight and $126 for the car for 5 days. Cheaper than driving, booked at the last minute.

  105. nj escapee says:

    Funny, We live in Key West but use half my vacation days for visits to NJ. Booked the Meadowlands Sheraton on Hotwire this time. It’s actually pretty decent and has a Starbucks

  106. Mikeinwaiting says:

    Thanks NJ hope to get down there sometime. Wine bar sounds cool, would they mind if I brought some scotch. Wine just puts me to sleep.
    Know some folks just came down your way from here to live, I’m sure they are like pigs in sh*t. Five more years then I’m out of here, last one out of school. Not sure where I’ll go but it’s out of NJ.

  107. d2b says:

    Just read that NY Times article. I’m disgusted at brats like this that think that they are above their responsibilities. This guy has a job and lives with a girlfriend rent free. Article says he took out cost-of-living loans and loans to study abroad. He has a debt that he can afford to make payments on and refuses to because he made bad decisions. A San Diego law school grad has a much better chance of getting a job in California. I wonder if he considered unpaid internships to build his resume in school. This kid’s a loser and his arrogant sense of entitlement proves it. This isn’t the law school’s fault.

  108. nj escapee says:

    d2b, 107 that’s a great deal

  109. d2b (110)-

    For every overeducated, self-entitled schmuck like the guy in that article, there are five kids who took out loans, worked hard and can’t land a job above the level of “want fries with that?”.

    Education is suffering the same fate as every other leveraged asset in Amerika: the asset (the education and market value of same) depreciates, and the debt remains. It is simply the last bubble to pop, and the myth attached to the value of education is dying more slowly than the myth of homeownership as the American Dream.

    When the education Ponzi is finally exposed to be no more than another elaborate pyramid, we will enter a lower rung of Third World hell. Perhaps by that time, we’ll already be well into a civil war or an uprising against TPTB, and nobody will even notice.

  110. Were I in law school or recently graduated, I would immediately default on my student loans.

  111. Hope Auburn really lays the wood to the Univ. of Nike now.

  112. Fabius Maximus says:

    DeLay Sentenced to 3 Years in Conspiracy and Money-Laundering Case

  113. d2b says:

    I get the sense from the article that this kid went on a spending spree with little regard for his future. He’s an east coast guy that went to a vacation law school and now he’s mad at the school. According to the article, he is employed and living for free. I feel for those that are stuck, but this guy seems to be most responsible for his problems.

  114. Time for Auburn to put the kill shot on these drag queens.

  115. Fabius Maximus says:

    From the comments of the last two days I agree with Essex, so
    “Goodnight, good luck, and may your God go with you.”

  116. the still_lookings says:


    No notification that I know of….maybe do a drive-by? I have no idea what the snow situation is there…


  117. Essex says:

    Great rant. But try getting a decent job without a degree. There are excellent state colleges that offer affordable degree plans. Education is an excellent investment.

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