The past is the present for future generations who do not know their history

Posts tagged “Fannie Mae

Wal-Mart vs.The Morons

which will dominate the future of our country? The separations in text are there so that you can reflect on each aspect and soak up the facts.

A typical Wal-Mart discount department store i...
Wal-Mart Developers and Mangers,please run our country!
1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.
2. This works out to $20,928 profit every minute!
3. Wal-Mart will sell more from January 1 to St. Patrick’s Day (March 17th) than Target sells all year.
4. Wal-Mart is bigger than Home Depot + Kroger + Target +Sears + Costco + K-Mart combined.
5. Wal-Mart employs 1.6 million people, is the world’s largest private employer, and most speak English.
6. Wal-Mart is the largest company in the history of the world.
7. Wal-Mart now sells more food than Kroger and Safeway combined, and keep in mind they did this in only fifteen years.

8. During this same period, 31 big supermarket chains sought bankruptcy.

9. Wal-Mart now sells more food than any other store in the world.

10. Wal-Mart has approx 3,900 stores in the USAof which 1,906 are Super Centers; this is 1,000 more than it had five years ago.

11. This year 7.2 billion different purchasing experiences will occur at Wal-Mart stores. (Earth’s population is approximately 6.5 Billion.)

12. 90% of all Americans live within fifteen miles of a Wal-Mart.

You may think that I am complaining, but I am really laying the ground work for suggesting that MAYBE we should hire the guys who run Wal-Mart to fix the economy.

This should be read and understood by all Americans Democrats, Republicans, EVERYONE!!

To President Obama and all 535 voting members of the Legislature, it is now official that the majority of you are corrupt morons:

a. The U.S. Postal Service was established in 1775. You have had 234 years to get it right and it is broke.

b. Social Security was established in 1935. You have had 74 years to get it right and it is broke.

c. Fannie Mae was established in 1938. You have had 71 years to get it right and it is broke.
d. War on Poverty started in 1964. You have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to “the poor” and they only want more. There are now more people on Food Stamps than ever.
e. Medicare and Medicaid were established in 1965. You have had 44 years to get it right and they are broke.
f. Freddie Mac was established in 1970. You have had 39 years to get it right and it is broke.
g. The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 32 years to get it right and it is an abysmal failure.
You have FAILED in every “government service” you have shoved down our throats while overspending our tax dollars.


Folks, keep this circulating. It is very well stated. Maybe it will end up in the e-mails of some of our “duly elected’ (they never read anything) and their staff will clue them in on how Americans feel. Here is a novel idea:

you be the first one to send it to your representative in Congress and the House of Representatives.

Re-post from personal e-mail;<>

Is the misery index only getting worse?

The Colonial Revival headquarters of Fannie Ma...

Fannie Mae headquarters

I am saddened to report that the real estate market nationwide is in deep trouble. Still. Florida is one of those states that leads the nation in its troubled real estate market. Is it any better in the Shoals?

In today’s local paper there was a two section printing of the Tax Certificate sales. Two sections of the paper today, equivalent to a good Sunday paper on a busy holiday sale weekend back home, were listings of those properties where the owners have not paid the 2010 property taxes.

The print was about a size 4 font, four columns wide per page and in two sections. There were 99 pages of these delinquencies. 99 pages for just one Florida county! Other tax delinquencies were reported in last week’s paper. Holy smokes!

Since Florida has no personal income tax, the state relies heavily on property taxes being paid in a timely fashion. There is a system, however, to protect the state by others being able to ‘buy’ tax certificates on those properties that are delinquent on taxes through a bidding system.There is a system in place where after about five years, if the property owner has not paid up the taxes and the interest to the certificate holder, that a forced sale can be prompted.

Having been a real estate agent, and a successful one; I know that the real estate market is a keystone for the health of our national economy. And I can report first hand that there were some mighty unhealthy strategies a few years ago that were shady at best and treacherous at worst, i.e. no interest loans, no documentation loans, loans for up to 125% of the appraised value, and delayed interest loans. Mortgage brokers were crawling out of the woodwork like termites. And we all know that what goes up must come down. But who would have thunk that it would stay down? Logic tells me that the market can not even spell the first two letters of recovery until the delinquent inventory is disposed of; that is just plain ol common sense. And there are reports that the foreclosure rate has doubled in the last two years (see related article below).

Fannie Mae and Freddie Mac steered the real estate market, and still does. In my humble opinion, the purveyors of these government agencies steered our country right into the ground. Was it on purpose for other than financial gain?

Funny, but no one at the top even got as much as a slap on the hand, not even Chris Dodd or Barney Frank.  It had to be pretty miserable for those people who bought homes they could not afford to hold their breath while they waited for the inevitable tax man who would cometh. It must be miserable for those who found themselves upside on their mortgages and for all the rest of us whose value on our biggest asset has plunged. But the ones who profited off the backs of America have never seemed miserable. I bet they laughed all the way to the bank.

So, hold on good people for the worst is yet to be. Be like a good Boy Scout and ‘Be Prepared.” 

As I am keying this article in my husband comes to me and says that more tornadic activity is headed toward Joplin. I guess the twenty-five percent left standing in Joplin may be gone by nightfall. Is God trying to tell us something? How is the misery index where you live?