Comments | poetpaladin: Rest In Peace, Mark To Market §

poetpaladin

Rest In Peace, Mark To Market §

Apr 02, 2009 23:01

Suppose you're a bank and you gave someone a $500,000 mortgage for a house ( Read more... )

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msretro April 3 2009, 15:41:21 UTC

*growls*

This shit is so ridiculous.

It's like what they did with the consumer price index, cooking the books until we looked reasonably prosperous.

I wonder if the bank will let it work that way for everyone. See, I have this ongoing project. My partners and I had wanted to ask for more money on it by this point in time. But, with the economy the way it is, we haven't gotten all the advertisers we want, so, we haven't approached the clients yet for that extra cash. Maybe I should just tell the bank that I really ought to have an extra few hundred in my bank every month, so, can they just push my personal assets up to where I say they *should* be?

poetpaladin April 3 2009, 15:59:32 UTC

I agree. This just sickens me. I'm reminded of the Soviet Union and Communist China. Numbers and statistics are so easily manipulated ( ... )

msretro April 3 2009, 16:11:59 UTC

I love shadowstats. They really break everything down and make it all very easy to understand.

poetpaladin April 3 2009, 18:18:59 UTC

Darn, and I was thinking that it was because you were reading my journal entries on the CPI. :)

msretro April 3 2009, 18:35:56 UTC

You know, I may have found it through your blog. You posted it a couple years back, maybe?

poetpaladin April 4 2009, 07:07:30 UTC

Yes. Yes, I did write a while back.

10/2007 http://poetpaladin.livejournal.com/717500.html
03/2006 http://poetpaladin.livejournal.com/558265.html

I worry about how we as a country will continue. Things are getting worse.

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