Tuesday, February 14, 2012

Truly a case of me being bored

Today's Leelee

Seemed like a good idea at the time

My favorite- "Meh"

Nearly Two Dozen Valentine Greetings
(you're welcome)


Res Ipsa Loquitur

Young & Carefree


Res Ipsa Loquitur

Media Matters Terrorists

Media Matters memo called for hiring private investigators ‘to look into the personal lives’ of Fox employees


As an aside

A little after 1 p.m. on Sept. 29, 2009, Karl Frisch emailed a memo to his bosses, Media Matters for America founder David Brock and president Eric Burns. In the first few lines, Frisch explained why Media Matters should launch a “Fox Fund” whose mission would be to attack the Fox News Channel.

“Simply put,” Frisch wrote, “the progressive movement is in need of an enemy. George W. Bush is gone. We really don’t have John McCain to kick around any more. Filling the lack of leadership on the right, Fox News has emerged as the central enemy and antagonist of the Obama administration, our Congressional majorities and the progressive movement as a whole.”   [Full]

I suppose it's too much to expect this congress to hold hearings on this most unseemly effort by the administration to silence critics through intimidation and terror.  Just the opposite is being proposed as a matter of fact.

So far more than 200,000 people in the U.S. have called on Congress to launch an investigation into whether Murdoch and his company were engaged in similar illegal activities in the U.S.  You can take action here.

On this page we have collected resources about Rupert Murdoch, News Corp. and their impact on U.S. media policy.
[Control The News.com]


Speed Saves Lives

The Humanity                        



   tim w


Can she taste the ROOFIES?     
No?  Try another then.


Res Ipsa Loquitur
Did you know that drinking cranberry juice will greatly lessen the effects of Rohypnol ?  

Newt;s Boners

How To Confuse a Boner


External beauty, it seems, is like the commodity markets ..
for every winner there must be a loser.


Res Ipsa Loquitur
I did say external beauty

FHA Bankrupt



Why does FHA Mortgage Insurance exist?

Unlike conventional loans that adhere to strict underwriting guidelines, FHA-insured loans require very little cash investment to close a loan. There is more flexibility in calculating household income and payment ratios. The cost of the mortgage insurance is passed along to the homeowner and typically is included in the monthly payment. In most cases, the insurance cost to the homeowner will drop off after five years or when the remaining balance on the loan is 78 percent of the value of the property -whichever is longer.

How is FHA funded?

FHA is the only government agency that operates entirely from its self-generated income and costs the taxpayers nothing. The proceeds from the mortgage insurance paid by the homeowners are captured in an account that is used to operate the program entirely. FHA provides a huge economic stimulation to the country in the form of home and community development, which trickles down to local communities in the form of jobs, building suppliers, tax bases, schools, and other forms of revenue. [FHA]

In the wayback, when the newly married us were buying our first home,  my dad jokingly offered that the FHA insurance fee was something of a gummint money making scam.  The default rate on FHA loans (going back to 1933) was so low that administration fees alone  cost more than any payout.  Of course that was long before  Bill Clinton, Barney Frank, and  Chris Dodd  became  the nation's banking engineers. Fast forward.

For the first time in its 78-year history, the 100 percent taxpayer-backed Federal Housing Administration is projected to run out of its remaining $4.7 billion financial reserves and trigger an infusion of funds from the Treasury.