Here we go again. This time if you think you have heard it all just wait. Jesse Jackson comes out with yet another slant on the market.

As I have previously stated, the market has ben pushed by greed. Over valued shoddy construction, lack of REAL INSPECTION, and absurd morgage arrangements are what is wrong. We know now that massive fraud has been conducted in order to make ledgers look profietable. This false profietability is no more then a numbers game. Reporting assests that are not assests at all.

I digress. Jesse Jackson now claims that the market has purposely targeted low income Blacks in order to finacially brek them and keep them down under the "mans thumb".

I have to ask the following. If this is the case what about the other races who were convinced with the same arguments to buy? What about the below market loans given here in Colorado to ILEGALs who know are being forclosed upon because they cannot afford the massive balloon payments. For the matter what about all the others who cannot afford the balloon payments.

Jesse Jackson is nothing more then a race baiter, hypocrit, and racist in his own right. Trying to stir up sentiment for his extortion racket. Way to go preacher.

Well third quarter figures are promising. It sems that the houseing market is beginning to fix itself. Unfortunatly it is only a 4.3 percent correction at present. But what is promiseing is that the over inflated prices on homes is beginning to come back to reality.

AP
S&P: 3Q Home Prices Fall by 4.5 Percent
Tuesday November 27, 9:52 am ET
By J.W. Elphinstone, AP Business Writer
S&P Says 3rd-Quarter Housing Prices Dropped by Sharpest Rate in Index's 21-Year History


NEW YORK (AP) -- U.S. home prices fell 4.5 percent in the third quarter from a year earlier, the sharpest drop since Standard & Poor's began its nationwide housing index in 1987 and another sign that the housing slump is far from over, the research group said Tuesday.

The index also showed that prices fell 1.7 percent from the previous three-month period, the largest quarter-to-quarter decline in the index's history.

The S&P/Case-Schiller quarterly index tracks prices of existing single-family homes across the nation compared with a year earlier.

A separate index that covers 20 U.S. metropolitan areas dropped 4.9 percent in September from a year earlier, with 15 metro areas posting declines. Only five metro areas -- Atlanta, Charlotte, N.C., Dallas, Portland, Ore., and Seattle -- showed an increase in prices, but S&P noted that the pace of the rise is decelerating.

Tampa and Miami led the index with the lowest year-over-year declines at 11.1 percent and 10 percent, respectively. It also showed drops in San Diego of 9.6 percent; Detroit, 9.6 percent; Las Vegas, 9 percent; Phoenix, 8.8 percent; and Los Angeles, 7 percent.

The S&P's 10-area index decreased 5.5 percent in September from the previous year.

Last week, the National Association of Realtors said that sales of existing homes fell in 46 states in the third quarter. However, the trade group said home prices rose in 93 of the 150 metropolitan areas surveyed.

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So what this tells us is this. The consumer is getting smarter. After paying prices that were way out of control for shoddy homes. The consumer has backed off. Not falling for the morgage scams that finacial institutes have played. Like reverse morgages, low interests with massifve balloon payments. It is about time.

As America freezes the assests of Lebanese terrorist sympathisers, thier government goes on the propaganda , and slander offensive. Former Lebanese Minister, Wiam Wahhab goes on what I suppose he thinks is a funny rant. However it is right out of the Democratic leftists political handbook. Be insulting and lie.

Wahhab the former minister for unification gavce a press conferance to Mermi T.V. and began his BDS rant. Claiming that funds in American banks, from brainwashed donators to the Palistinian peace cause (a cause history demonstrates they have no intention of reaching), is all hypothetical and that no monies exist.

Wahhab went on to say that he will donate the money (now he has money to donate? So then the money is not hypothetical) to President Bush (here is where he begins his insults) as Bush will need it after his term in office is complete to help pay for his mental health issues. As he, according to Wahhab, is a man (President Bush), wants to rule the world. (LMFAO) Claiming that presently Bush is three quarters crazy and in six to eight months will be totally mad.

Not stopping with these absurd accusations, Wahhab goes on to insult Sec. Rices appearance. Saying that she can use half the money to improve her looks. Quote "She should have her teeth straightened and her face fixed" end quote.

What a dispicable and low path for a man who thinks of himself as leader to take. An act more of a school yard boy who was told no.

You think I made this up? Check out the link to the video.

Lebanese Leader Pledges Cash to Straighten Rice’s Teeth, Institutionalize Bush

http://www.breitbart.tv/html/8112.html


I for one am a little tired of these people. I am DEMANDING that this Waim Wahhab issue a public apology on International television. Apologising for his lack of manners and insults to not just two represenatives of America, but. I DEMAND this less then a man apologise for insulting a LADY.

If it were possible I would love to get in his face and demand satisfaction. A white glove lined with lead slapped across his smug face.

Wiam in his insults and attempts at spinning his terrorist funds, demonstrates just how low cetain muslims are and thier arrogance towards the opposite sex.

It isn't bad enough we have a press that is out of control. With no double checking of facts to see if they are true or rumor. The press has been guilty of numerous false reports on local, national, and international stories.

Well the lack of follow through is not just limited to the press. One would think that with hundreds of thousdands of dollars at stake. Certain lending institutions would be a little more interestd in facts, credit ratings, and back ground in general of properties and purchasers.

Read closely the following story:

Miami condo at ground zero in mortgage fraud

By Tom Brown

MIAMI (Reuters) - At first glance, the 43-story building in Miami's international banking district seems little different from other high-rise condominiums overlooking the turquoise waters of Biscayne Bay.

But the 643-unit condo known as the Club at Brickell is a leader in mortgage foreclosures and it appears also to stand at ground zero in a blizzard of fraud that may lie behind many of the failed loans threatening to bury the U.S. property market.

America's subprime mortgage crisis is partly due to predatory, or aggressive, lenders, hard-sell tactics by mortgage brokers and an easing of underwriting standards in the $10 trillion home-loan industry.

But fraud accounts for a sizable share of the bad bets on mortgages, according to many industry experts, and lenders may have been victimized as much as anyone else.

"The lenders are holding the bag now, that's what we're finding out," said Glenn Theobald, head of a mortgage fraud task force formed in south Florida's Miami-Dade County in September.

[THE LENDERS ARE HOLDING THE BAG? HMMM WHOSE FAULT IS THAT?]

Mortgage scams involve a cartel of inside players -- colluding property appraisers, real-estate brokers and accountants willing to draw up fake income statements and tax returns -- who recruit people with good credit histories to serve as a decoy or "straw buyer" in a real-estate deal.

The conspirators inflate the price of the property, to get the biggest loan possible, pay the sellers the original price and then pocket the excess loan money as "cash back" at the closing of the deal.

[I HAVE SAID THIS BEFORE. IN PAST POSTINGS I HAVE EITHER HINTED OR SAID THAT THE OVER INFLATION OF CHEAP SHODDY DEVELOPMENTS ARE HURTING THE CONSUMER]

The decoy buyer is paid off -- often with just $5,000 -- and the property is quickly abandoned to foreclosure, said Theobald, a senior official with the Miami-Dade Police Department.

'EPIDEMIC'

"It's an epidemic," said Nancy Hogan, a veteran realtor and former head of the Florida Real Estate Commission.

"The cash back, the fraud for profit, is what has been so rampant," she said.

[FRAUD FOR PROFIET? WHEN WILL THEY LOOK INTO THE HOME LOANS FOR ILLEGALS AND THE BELOW MARKET RATES AND LOOSE CREDIT REGULATIONS THEY USE. AGAIN THE LOAN HOLDERS NOT BOTHERING TO LOOK INTO BACKGROUNDS OR INTO HISTORIES OF SAID PROPERTIES.]

The Club at Brickell has the highest current number of foreclosure proceedings involving any single south Florida property.

There may be other properties in the United States that hold the distinction of being riddled with more cases of apparent mortgage fraud than the Club.

But Doug Dewitt, a real estate broker contracted to work with several lenders on the valuation and disposal of foreclosed properties, said nearly 70 percent of the sales or closings at the Club over the last 18 months were questionable.

That works out to more than 200 possibly shady deals in a single building, he said.

The dubious transactions all fit a pattern that Theobald said should trigger "bells and whistles" for law enforcement anywhere -- time and time again properties that failed to sell for months when listed at around $450,000 were pulled from the market and then suddenly sold for more than $800,000.

[THIS NEVER RAISE AN ALARM? THE FACT A PROPERTY WOULD NOT SELL SUDDENLY DOUBLES IN PRICE AND IS THEN SOLD? I DEFINATELY HAVE TO WONDER ABOUT MORE INSIDER FRAUD PROBLEMS AT THIS. WHO IS PAID OFF TO IGNORE THIS FACT OF UNREALISTIC INFLATION OF PROPERTY VALUES.]

Florida leads the nation when it comes to mortgage fraud, according to the Virginia-based Mortgage Asset Research Institute, a group that works closely with the U.S. Mortgage Bankers Association.

[FLORIDA LEADS THE WAY AT THE MOMENT BUT ONE HAS TO LOOK AT THE COLORADO MARKET AND THE WAY IT IS NOW CLIMBING THE LADDER ON FORECLOSURES. WHO IS ON THE TAKE HERE?]

Many apartments could wind up being sold at auctions like one held last month for bank-owned properties in Fort Lauderdale, further depressing prices in a market suffering its biggest condo glut in decades.

[I HAVE TO DISAGREE WITH THIS TOTALLY. DEPRESSING THE MARKET. I DO NOT AGREE. BRINGING THE PRICES OF THE MARKET BACK DOWN INTO REALITY IS MORE LIKE IT.]

"You've seen some of it already. They are actually having auctions to try and sell units," said Theobald, when asked about discount sales involving recently foreclosed properties.

"I don't know where it's going to end up," Theobald said. "I don't know when the bottom is going to be."

Ken Thomas, a Miami-based banking expert and lecturer at the Wharton School at the University of Pennsylvania in Philadelphia, said there was little surprise Florida led the country in mortgage fraud.

It stems, at least in part, in the way lenders plowed "easy money" into the local condo market before Florida's recent housing boom turned to bust, Thomas told Reuters.

"We're going to see a lot more of this fraud being exposed, especially as these units go into foreclosure," Thomas said.

"We were the poster child of the housing bubble ... maybe we should have expected more of this."

THIS IS REALLY HURTING THE ECONOMY. IT JUST ISNT SO CALLED INSIDERS WHO HAVE COMMITTED FRAUD . BUT THE WHOLE INDUSTRY. TO INCLUDE THE LARGE BANKS WHO GLADLY EXCEPTED THE MORGAGES AND REPORTED THEM AS ASSESTS IN THIER STOCK EARNING REPORTS. ANOTHER MAJOR FLAG THAT SHOULD HAVE BEEN RAISED BY COMPETANT BOARD MEMEBERS TO THIER CFO'S.

THIS SHADDY ECONOMICS IS NOT LIMITED TO THE HOUSEING MARKET. I CONTEND IT EXENDS ALSO INTO THE EASY CREDIT CARD BOOM WE SAW IN THE LATE 90'S AND INTO TODAY. LENDING INSTITUTES ARE SO HELL BENT ON LOOKING GOOD THAT FACT CHECKING IS NOT A HIGH PRIORITY. EXTENDING EASY CREDIT, MORGAGES, CAR LOANS TO A CONSUMER MARKET THAT DOES NOT CONSIDER THE RAMIFICATIONS OF ACCEPTING LOANS. THIS HAP HAZZARD WAY OF DOING BUISNESS IS WHY THE DOLLAR HAS DROPPED ON THE INTERNATIONAL MARKET, TRUST IN THE AMERICAN ECONOMY IS LOW, AND FORIEGN INVESTORS ARE FLEEING.

It is not even Thanksgivng of 2007 and we have almost completed a year of campaigning by candidates who think they are qualified for the office of President.

Is anyone out there tired and sick of this as much as I am?

I mean they have had how manydebates now and I still have no clue as to what the democrats plan to do about certain issues. They have continued to be handed softball questions on issues and polocies. Yet even with these easy questions they have put forth no real plan or substance on these issues.

Foriegn policy is no more then lets pull out and redeploy world wide. Well sounds good but where are you going to redeploy to? Are they going to get involved in the Genocide in Darfur? A mess that cries out for protection of oppressed people under Islam.

National security ... what do they plan to do about the unsecured boarder. Give licenses to those who break the law. Allow free and unimpedded entry into this country by any one who wants it. Building the walls back up between the differnet governemnt agencies that are supposed to protect us. What are their plans to do with those we know are triung to kill and harm Americans. Close gitmo, then what?

Health care ... socialise medicine. Ok but how will they pay for it? How will they continue to please those who are the real problem with health care. The insurance companies. How will they play a role in this free medical system? How much will we have to pay in taxes and then to to these companies as well?

Voter fraud? What are thier plans to helpo stimy this. Allowing ILLEGALS a way to vote? This isn't leadership it is pandering.

Now the democrats are not the only ones who lack substance in thier talk. The Republicans are just as bad but do offer a little substance for thier selling out of this country.

So far all the debates have done is show the voter what a mess we have made of oour government. By allowing certain officials a pass on getting a real job, (meaning that all they know is being in congress and are totally out of touch with thier constituents).

The election is now 364 days away and still not one single candidate has come forth with any substance to thier claims of being qualified for office.

It is time NOW, for voters to demand substance and not platitudes.

In a major thumbing of his nose to not only Colorado voters but to his own party and the State Constitution, Gov Bill Ritter takes Colorado into the forefront in showing the nation how democrats lead.

Nancy Pelosi promised to clean up the culture of corruption in Washington but refuses to look into the real corruption that comes from the left. Taking this as an endorsment, Gov Ritter signs a back room deal to bring unions into a position of major power in Colorado. On November 2nd the Govenors office released a press notice announcing the new state workers partnership program. All politically correct terms for unions.

Colorado a once right to work state, meaning that you as an individual have the right to a job oppertunity is ending fast and furiously. Voters turned down a resolution allowing unions to automaticlly take monthly funds from workers and donateing it to political candidates it deems friendly to unions. Gov. Ritter takes the nod from Mayor Hickenlooper of Denver in stabing Colorado workers in the back while smileing in the face of said workers.

This new partnership allows unions to enter the work place of state employees and organize new unions. Although it is now called a partnership, it still equates to union control and collective bargining.

It is bad enough that state workers have thier hands tied in most cases, but now to have unions controlling the workers priorities. This simply puts more hands into the pockets of the tax payer in the long run.

Pre 2006 election promises for support to unions for thier endorsments and money to aid in funding campaigns is now coming to fluition. With voters being allowed to give thier say, but then end run and ignored. The state of Colorados administration tries to payback donations and political pressure of voters from the unions to thier memebers for supporting thier leftist adgenda.

This type of leadership is a slap in the face of voters. It says once again that voters have no idea as to what is good or what is bad and that big brother will take care of you. You as a voter are ignorant of the way things work.

A prime example is the way Denver won the Democratic national Convention. By cutting out all workers who are not union members to work at the convention. Denver violated the state law of right to work. Bill Ritter whole heartedly supported this move. Then on several occasions set forth to the voters propositions that Colorado voters wisely turned down. These propositions all pro union and anti worker related.

Being supposedly the representation of the working class. The Democrat party proves yet again it is not represenative of the average person in America. That it takes its cues from the left and far left. Not a single person from the pary has spoken out as to the deals cut by unions and the city of Denver, the state of Colorado, and party executives to close shops for the convention.

This should have been a clue a year ago as to how the elected Democrats planned to run Colorado.

Now by executive order the Gov. Bill Ritter, has stuck it to workers yet again. Once Unions get a foot hold in a work place, it does not take long for them to screw things up.

If you think unions are still good for Colorado look back at the UPS strike in the 90's by the workers there. After the teamsters got involved the workers lost. The ending deal was no where near what was offered at first to the workers. (fact!)

The saying goes buyer beware, well now it should be VOTER BEWARE.