The Circus of life

Ok. What the hell?


Monserrate’s Flip Creates Tie in Senate

I don't know what the hell he is thinking. But obviously his objective was to knock Smith out of his seat. For Monserrate to take it this far means something must have happened between the two that we do not know about or Monserrate is absolute sociopath.

Remember what I said about the game of Ass? Monserrate is now grass and I think Golisano is fixing up the mower.

Albany can be summed up in this quote.

“Welcome to the circus,” one Democratic senator, Bill Perkins of Manhattan, told a colleague as they gathered for a news conference.

This was a Curbed entry about lenders acting like the FDIC.


Reuters

Some lenders, wary of an announced foreclosure's negative effect on sales, might opt for a more subtle scenario in which they quietly take control of a property.

"You walk in there as a potential buyer and there's still a developer and a broker and a marketing person but in reality the developer has been eliminated from the equation and the bank is deciding whether or not to accept your offer," Hersh said.

If a building is that far gone, there is no point in even keeping the developer around because they pretty much outlived their usefulness. In this market, it is better if you one less moving part.

I am really glad decided not to purse real estate development as a career choice.

Credit card companies are getting more aggressive with customers with outstanding balances. But not in the way you think.

Credit Bailout: Issuers Slashing Card Balances

The banks were bailed out last fall, the automobile companies last winter. For Edward McClelland, a writer in Chicago, deliverance finally arrived a few days ago.

Mr. McClelland’s credit card company was calling yet again, wondering when it could expect the next installment on his delinquent account. He proposed paying half of his $5,486 balance and calling the matter even.

It’s a deal, the account representative immediately said, not even bothering to check with a supervisor.

As they confront unprecedented numbers of troubled customers, credit card companies are increasingly doing something they have historically scorned: settling delinquent accounts for substantially less than the amount owed.

The practice started last fall as the economy worsened. But in recent months, with unemployment topping 9 percent and more people having trouble paying their bills, experts say this approach has risen drastically.

They say many credit card issuers have revised internal guidelines to give front-line employees the power to cut deals with consumers. The workers do not even have to wait for customers to call and ask for a break.

“Now it’s the card company calling you and saying, ‘Let’s talk turkey,’ ” said David Robertson, publisher of the credit industry journal The Nilson Report.

Why pray tell would they allow this?

Revolving credit, a close approximation of credit card debt, totaled $939.6 billion in March. The Federal Reserve reported that 6.5 percent of credit card debt was at least 30 days past due in the first quarter, the highest percentage since it began tracking the number in 1991. The amount being written off was also at peak levels.

After a balance has been delinquent for six months, regulations require the card company to reduce the value of the debt on its books to zero. If a borrower has not paid by this point, chances are he never will.

“The creditors would rather have a piece of something now instead of absolutely nothing down the road,” said Adam K. Levin, the founder of the consumer education Web site Credit.com.

Banks are not stupid. They are very aware of the economic climate and they know that their needs are not precedent over staples of life that we often take for granted like food, water, electricity and rent. So they get what they can and get out.

Also they know that the next financial tsunami is going to be credit cards. So they need to cut as much dead weight as possible.

Then we have this little ditty what happens when you do not tell people the truth about your health.



SUIT: EX KEPT HIV SECRET

It sounds like one of many plots from Law and Order: SVU.

Girl meets Guy. Girl dates guy. Girl asks Guy to take HIV test. Guy claims it is negative. Turns out Guy has been positive for quite awhile.. Girl Girl proceeds to sue guy into the stone age.

According to the article, John Radziejewski has done this before and has yet to inform those that were exposed of his situation.

Ladies and Gentlemen, if there is only one argument for the existence of internet porn this is it. Last time I checked the only viruses you can catch from internet porn are computer viruses.