Doom Summer Reruns: Remembering Our First Month — June 2006

May 31, 2010 by  
Filed under Mortgage Mess

Four years and seven million keystrokes ago, Igor, twist, John M, Admin and a host of friends brought forth … A NEW BLOG

Dedicated to you, our many readers.

Today is Housing Doom's 4th Birthday, and we're celebrating by starting a new series.  Each week throughout the summer we plan to give you a selection of recycled Doom content:

  • THE GOOD: lots of this;
  • THE BAD: but only if it's funny; and,
  • THE UGLY: wow, did housing, the US economy and then the whole world get uglier and uglier since we started on June 1, 2006; let's hope this summer finally sees a bottom to that!

Next Tuesday at this time we plan to cover the whole of Q3 '06, but for now just sit back and enjoy a selection of "greatest hits" from Doom's first month

#10 "Personal Finances and the Housing Bubble"

by twist, 6/14 '06

  • "U.S. households overall have been managing their personal finances well" - Ben Bernanke
    • maybe even better than US governments in those days …

#9 " Featured in Arizona Republic"

by twist, 6/23 '06

Housing Doom has been featured widely, from Inman to the Associated Press; and our research has occasionally shown up, unattributed, in yet more fine mainstream media stories.

  • AZ Republic: "Blogger logs fears of housing market""The more Gilbert resident Debi Averett researches the current real estate market, the more alarmed she becomes."
  • "While I do not foresee the collapse of real estate as we know it in a tremendous national tragedy- I think the potential for thousands of individual tragedies is horrific."
    • little did we know …

#8 "Will Housing Downturn Impact AZ Economy?"

by twist, 6/7 '06

silly question …

  • "Arizona's 'place in the sun' economically will probably be shortlived.  It seems unlikely that Arizona will maintain its position in 2006."

#7 "Myth Exposed- Economy Too Good for Significant Housing Slowdown"

by twist, 6/13 '06

Remember "soft landing" … ? Those were the days.

  • "… It’s looking less likely the the US economy will have sufficient strength to protect real estate from a hard, bumpy landing."

#6  "Housingdoom Thanks Friends From All Over"

by twist 6/27 '06

Right from the first we discovered that the blogosphere is generally a warm, friendly and supportive place.

  • "People have found us through other various and diverse ways, and it’s been great having everyone stop by."

#5 "Subprime Lending and ARMs Could Be Creating the Perfect Foreclosure Storm"

by twist, 6/23 '06

Indeed the wind hasn't really begun to die down yet.

  • "According to the Mortgage Bankers Association, foreclosures in the first quarter of 2006 fell slightly from 2005- except for subprime loans.  That looks like it might be a piece of bright news among a lot of bad- but it hints of potential difficulties to come. …"

#4 "Housing as Piggy Bank/ATM May be Coming to an End"

by twist, 6/21 '06

Can you say, "Strategic Default" … ?

  • "More people are discovering their “McMansions” aren’t the wonderful investment they thought they were- and sacrificing to maintain them is making less sense."

#3 "We Want to Hear Your Bubble Trouble"

by twist, 6/25 '06

20 reader replies :)

#2 "Days on Market 'Cooked' by Relistings"

by twist, 6/22 '06

Opening shot in a long campaign.

And last but not least …

Hope you enjoyed this trip down memory lane (the internet never forgets ;) ).  See you next Tuesday!

#1 "Under Construction"

by twist, 6/1 '06

deathless prose for the ages :)

  • "Do I get a prize for being the first to post a comment?"
    • Sure thing, Lander, and I see your SACRAMENTO LAND(ING) blog is still with us, if just hanging in.
  • "can you ease up on the use of the strong orange? it makes my eyes tired …" - commenter Lawrence
    • Start of a long Doom tradition …

Read original article here

Bruce Beresford-Redman Arrest: Mexico Judge OKs Survivor Producer’s Arrest In Wife’s Death

May 31, 2010 by  

Prosecutors will seek “international collaboration” in the return of Beresford-Redman once they have officially confirmed his whereabouts, Alor said.

Beresford-Redman has denied any involvement in the death last month of his wife, Monica Beresford-Redman.

Police detained the husband briefly and then released him after confiscating his passport and telling him not to leave Mexico. But Beresford-Redman returned to Southern California and stated in court documents there that he had been living with his two children for more than a week.

His attorney, Richard Hirsch, said in a statement before the warrant was confirmed that issuing an arrest warrant was a rush to judgment.

“We have been advised that Mexican authorities have issued a warrant for the arrest of Bruce Beresford-Redman,” he said. That “is extremely disturbing since it appears that this case is being handled in a manner outside the normal procedures in Mexico.”

Hirsch said his client is innocent and prepared to defend himself in court.

He also issued the first public statement from Beresford-Redman:

“Monica was the axis around which our whole family revolved. From her sisters and parents to my parents and of course to our children and me, she was everything to us,” it said. “I am devastated at her loss; and I am incensed at the suggestion that I could have had anything to do with her death. I am innocent. My children have had one parent taken from them by a senseless act of violence. I implore the Mexican authorities not to take their remaining parent by a miscarriage of justice and to do what is right not just what is expedient.”

Monica Beresford-Redman’s body was found April 8 in a sewer at the Moon Palace Hotel resort in Cancun. Investigators have said her body showed signs of asphyxiation and evidence of a heavy blow to the right temple.

They said Beresford-Redman told them he last saw her after she left the resort to go shopping and never returned. Prosecutors say he reported her missing two days before her body was found.


Special Correspondent Linda Deutsch in Los Angeles contributed to this story.

Read original article here

The doomsday provision

May 31, 2010 by  
Filed under Humor

by John Stossel

Guns are dangerous. But myths are dangerous, too. Myths about guns are very dangerous, because they lead to bad laws. And bad laws kill people.

“Don’t tell me this bill will not make a difference,” said President Clinton, who signed the Brady Bill into law.

Sorry. Even the federal government can’t say it has made a difference.  The Centers for Disease Control did an extensive review of various types of gun control: waiting periods, registration and licensing, and bans on certain firearms. It found that the idea that gun control laws have reduced violent crime is simply a myth.

I wanted to know why the laws weren’t working, so I asked the experts. “I’m not going in the store to buy no gun,” said one maximum-security inmate in New Jersey. “So, I could care less if they had a background check or not.”

“There’s guns everywhere,” said another inmate. “If you got money, you can get a gun.”

Talking to prisoners about guns emphasizes a few key lessons. First, criminals don’t obey the law. (That’s why we call them “criminals.”) Second, no law can repeal the law of supply and demand. If there’s money to be made selling something, someone will sell it.

A study funded by the Department of Justice confirmed what the prisoners said. Criminals buy their guns illegally and easily. The study found that what felons fear most is not the police or the prison system, but their fellow citizens, who might be armed. One inmate told me, “When you gonna rob somebody you don’t know, it makes it harder because you don’t know what to expect out of them.”

What if it were legal in America for adults to carry concealed weapons? I put that question to gun-control advocate Rev. Al Sharpton. His eyes opened wide, and he said, “We’d be living in a state of terror!”

In fact, it was a trick question. Most states now have “right to carry” laws. And their people are not living in a state of terror. Not one of those states reported an upsurge in crime.

Why? Because guns are used more than twice as often defensively as criminally. When armed men broke into Susan Gonzalez’ house and shot her, she grabbed her husband’s gun and started firing. “I figured if I could shoot one of them, even if we both died, someone would know who had been in my home.” She killed one of the intruders. She lived. Studies on defensive use of guns find this kind of thing happens at least 700,000 times a year.

And there’s another myth, with a special risk of its own. The myth has it that the Supreme Court, in a case called United States v. Miller, interpreted the Second Amendment — “A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed” — as conferring a special privilege on the National Guard, and not as affirming an individual right. In fact, what the court held is only that the right to bear arms doesn’t mean Congress can’t prohibit certain kinds of guns that aren’t necessary for the common defense. Interestingly, federal law still says every able-bodied American man from 17 to 44 is a member of the United States militia.

What’s the special risk? As Alex Kozinski, a federal appeals judge and an immigrant from Eastern Europe, warned in 2003, “the simple truth — born of experience — is that tyranny thrives best where government need not fear the wrath of an armed people.” 

“The prospect of tyranny may not grab the headlines the way vivid stories of gun crime routinely do,” Judge Kozinski noted. “But few saw the Third Reich coming until it was too late. The Second Amendment is a doomsday provision, one designed for those exceptionally rare circumstances where all other rights have failed — where the government refuses to stand for reelection and silences those who protest; where courts have lost the courage to oppose, or can find no one to enforce their decrees. However improbable these contingencies may seem today, facing them unprepared is a mistake a free people get to make only once.”


Originally published at October 19, 2005.


John Stossel – arguably the highest-profile libertarian journalist in the world – joined Fox News Channel (FNC) and Fox Business Network (FBN), effective October 2009, to begin a weekly show that may well be the most consistent, intelligent, ongoing presentation of libertarian views in television history.

Read original article here

Israeli troops raid aid flotilla headed for Gaza, killing nine

May 31, 2010 by  

JERUSALEM — A nighttime Israeli naval operation to seize control of an aid flotilla headed for the Gaza Strip ended in a fatal melee on Monday as passengers battled with helicopter-borne Israeli commandos aboard a ship sailing on international waters. At least nine pro-Palestinian activists were…

Israel Defense ForcesGazaUnited StatesIsraelMiddle East
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Janet Jackson Sends Message of Thanks to Fans

May 31, 2010 by  
Filed under Celebrity Nonsense, Media Fools

After having a number one performance on ITunes, Janet Jackson thanks her fans for their support. Jackson’s “American Idol” performance was a favorite on the music site. In a You Tube video posted today, May 31, the singer spoke to her fans, saying, “I just want to thank all of you for making my performance on ‘American Idol’ number one on ITunes. That is so cool, it’s really special. Thank you to all of you for making it happen and I couldn’t have done it without you.” The singer performed some of her hits including “Again” and “Nasty” on the season finale of the FOX show. That night, Lee DeWyze became the new “American Idol.”

[Read full story on The Insider]

Janet Jackson Pictures: Janet Jackson's First TV Interview Since Death of Michael

Read original article here

Obama’s Terrorist Friend Bill Ayers & Top Bundler Jodie Evans Are Top Activists With Gaza Flotilla Group

May 31, 2010 by  
Filed under Idiot Ideas, Total Nonsense

obama-jodie-evans.pngNo surprise here. Turns out that Barack Obama’s close family friends, terrorists Bill Ayers and Bernadine Dohrn, and top campaign bundler Jodie Evans from Code Pink are top activists with the Gaza flotilla group that attacked the IDF today.

From RBO: Ayers, Dohrn top activists in Gaza flotilla group (Image: Bill Ayers, Bernardine Dohrn, Gaza, 12/31/09):

ayers-and-dohrn-in-gaza-12-31-09.jpgAaron Klein, Jerusalem bureau chief for World Net Daily, reports from New York:

The group behind the Gaza flotilla that engaged in deadly clashes with Israeli commandoes today counts among its top activists Weather Underground terrorist founders William Ayers and Bernadine Dohrn as well as Jodie Evans, the leader of the radical activist organization Code Pink.

Ayers and Dohrn were close associates for years with President Obama, while Evans was a fundraiser and financial bundler for Obama’s presidential campaign.

Earlier today, Israeli navy commandos raided the six-ship flotilla, encountering heavy resistance and live fire from the activists. Nine activists were killed and dozens of others were reportedly injured, as were several of the Israeli commandoes.

The flotilla was organized by the Free Gaza Movement, a coalition of leftist human rights activists and pro-Palestinian groups engaged in attempts to break a blockade imposed by Israel on the Hamas-controlled Gaza Strip.

Ayers, Dohrn and Evans’ Code Pink have led several recent Free Gaza Movement initiatives, including attempted marches into the Gaza Strip. Dorhn was in the Middle East just last month on behalf of the movement.

Read more … There’s much more, and it gets more and more damning for Obama and his friends.

H/t – Gateway Pundit

Related: A lie gets halfway around the world before the truth gets a chance to put its pants on

Read original article here

Caddyshack: The Best Quotes (VIDEO)

May 31, 2010 by  

Ahoy, polloi! How ’bout a Fresca?

With each year that passes since Caddyshack first hit theaters (the 30th anniversary of its release is this July 25th), its legend as perhaps the most quotable movie of all time only grows larger. If movies had deaths, Caddyshack would receive total consciousness on its deathbed. (So it’s got that going for it, which is nice.)

Last week we presented to you ‘Caddyshack’: How It Was Originally Intended, in which we brought to the fore the story of caddy Danny Noonan. Noonan, aside from being the greatest 1-word psych-out in the history of athletic competition (Nnnnnoonan!), served the critical role of the glue, the thread, the soul that somehow held this manic comic masterpiece together. Today, in the spirit of journalistic fairness and balance (after all, this isn’t Russia. Is this Russia? This isn’t Russia.), we bring you the other side of the Caddyshack story: Bill Murray, Chevy Chase, Rodney Dangerfield, Ted Knight, and all the moments that lift Caddyshack from mere movie mortality into the all-time quotable comedy pantheon. Stop thinking, let things happen, and be… the ball.


Video produced by HuffPost’s Ben Craw

And to vote on your favorite quote, check out The Best ‘Caddyshack’ Quotes: Pick Your Favorite!

More on Video

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Celine Dion Expecting Twins

May 31, 2010 by  
Filed under Celebrity Nonsense, Media Fools

Celine Dion will be singing lullabies to two little babies. Her rep Kim Jakwerth told People that the singer is expecting twins. After a tumultuous time trying to conceive, the Grammy winner, 42, is overjoyed this pregnancy successfully took on her sixth in-vitro fertilization attempt. She is 14 weeks into the pregnancy and plans to find out the gender of the twins next month. She and her husband/manager Rene Angelil have been trying to give nine-year-old son Rene-Charles a sibling for quite some time. The excited father-to-be told People, “We’re ecstatic. Celine is just hoping for a healthy pregnancy. She was hoping for one baby and the news that we are having two is a double blessing.”

[Read full story on The Insider]

Celine Dion Pictures: Report: Celine Dion Pregnant with Embryo that was Frozen Eight Years Ago

Read original article here

Memorial Day 2010 – Thank You

May 31, 2010 by  
Filed under Mortgage Mess

A sincere thank you to all who have served and sacrificed for our freedom.
Read original article here

Michael Shaw: Reading the Pictures: Every Day Is Memorial Day at Dover

May 31, 2010 by  
Filed under Videos




If many photographers have photographed America’s war dead returning to Dover Airforce Base, few have described the experience and the sterile procedure involved. In honor of Memorial Day, BagNewsOriginals Editor and leading freelance photographer Alan Chin describes the ritual in what has now been five trips. For as formal as the process is, Chin’s description, his experience and his photos have a surprising amount of feeling.

You can see the full set of photos, in full size, at this companion post at BagNews.


I signed up in December to photograph the return of the bodies of American soldiers killed in Iraq and Afghanistan, and they approved my request. Bush never allowed us to document it, and Obama finally changed the policy last year. A small victory for free speech and access, although it’s very limited.

They only give you about 6 hours notice before it happens, and the families have to approve media access; they do this quickly, in most cases the soldier was killed only a few hours before.

I went to my first one on December 3rd. After I received their email and confirmed, I rushed onto the New Jersey turnpike and headed south on a crisp and cold winter afternoon, shafts of light from the setting sun puncturing through the low-hanging clouds. After a while there was just a strip of gorgeous orange above the horizon, and then it was dark. It took almost three hours to get to Dover.

Two other photographers showed up, and we were met by Major Shannon Mann of the Air Force, a surprisingly friendly Public Affairs Officer. She had googled me and therefore knew a lot about me, had seen some of my work online; I’d never dealt with anyone from the military in such a normal way before.

But that was the nice part. Otherwise the rules for our coverage are pretty strict: No photos, or even contact, with the families. No moving away from the designated media area; no pictures of anything else on the base; no getting close to or on board the plane; no lingering around after the brief process is finished.

They gave us a short briefing about all that, a dog sniffed through our equipment, then we were taken onto the airfield and assigned a spot about fifty feet away from the plane. It was a big 747 modified for cargo so that the entire nose of it opened, from which a loading ramp jutted out with the two American-flag draped “transfer cases” on it. They don’t call them caskets or coffins because these are “body-boxes” that get re-used.

It was pretty stark in the dim light with an almost full moon; at first there was no one there. Then the bus carrying the families showed up but it was choreographed so they got out on the side away from us so we could not see them. One white van, what they call the “transfer vehicle,” was parked on the tarmac and one soldier, a young woman, stood next to it. She is the “Transfer Vehicle Guide,” whose ceremonial role it is to close the van’s back doors after the bodies are loaded on board.

The procedure began with high-ranking officers and the pall-bearer details appearing, marching in formation. Since there were two dead that night, Cpl. Kenneth Nichols, Jr., of Chrisman, Illinois, US Army, and Lance Cpl. Jonathan Taylor, of Jacksonville, Florida, US Marine Corps, both killed in Afghanistan, there were two separate teams, one from the Army, the other of Marines, dressed in their different uniforms.

The Army went first, boarded the stairs onto the airplane, and emerged out the front. The loading ramp then lowered onto ground level with the coffin and the seven pall-bearers carried the body past the saluting officers, into the waiting van. The Marines then repeated the same. Not a sound could be heard from the hidden family members just a few feet from us on the other side of their bus. Another time, I could hear a woman, probably the wife or the mother, crying a terrible wail that was the only sound on the airfield.

The movements of the soldiers were slow and deliberate, giving us plenty of time to photograph. As soon as it was over, though, they drove us back to our cars, and wryly remarked that they would see us again soon. And they were right of course; I’ve been down there five times now, a bit frustrated at the limits of access, but also unsettlingly drawn into the ritual.

– Alan Chin

caption 1: May 4, 2010: The remains of Sgt. Anthony Oneal Magee, Hattiesburg, MS, U.S. Army, died April 27 in Landstuhl, Germany, from wounds sustained in an indirect fire attack April 24 at COS (Contingency Operating Site) Kalsu, Iraq.

caption 2: December 16, 2009: Major Shannon Mann, USAF, awaits the unloading of the remains of Tech. Sgt. Anthony C. Campbell, Florence, KY., U.S. Air Force, who died Dec. 15 in Helmand province, Afghanistan, of wounds sustained from the detonation of an improvised explosive device.

caption 3: May 4, 2010: Left to right, A civilian contractor, a wife of an officer, and Captain Amber Millerchip, USAF, salute the remains of Airman First Class Austin H. Gates Benson, Hellertown, PA, U.S. Air Force. Benson died May 3 near Khyber, Afghanistan, of injuries sustained from a non-combat-related incident.


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