How did these comedians see it coming
when financial reporters did not?
Yes, it really is this bad

Another example of humor that is deadly accurate.

Jim Cramer's "The sky is falling", meltdown tirade against the Fed & Dow. "WE HAVE ARMAGEDDON! The Fed has "NO IDEA" they should "open the window" and cut rates   more..."TODAY"! Bear, Stearns & Co. Inc. announced last week that two of its hedge funds were essentially worthless, the price of its stock took a beating and the stock market tanked.
Or, is the sky really falling this time? Who will take the blame? The mainstream media, professional economists failed to warn the public. They decleared the fact that housing prices were rising as good news. Even now, many are trying to say that the meltdown is almost over.

Was Cramer's rant unjustified, or a serious rap on the bad mortgage situation and how the Fed needs to take action to save the economy from crashing?
"Meltdown" may be a little strong at this stage in terms of the housing market alone. But if you look at the credit markets further upstream, there is a meltdown. Home financing companies are dropping like flies. And it's not every day that a company like Bear Sterns is up against the wall.
One result of the housing bubble is that real estate prices and their corresponding property taxes have skyrocketed. The high prices are making home ownership impossible for lower income buyers except with risky sub-prime mortgages. The increasing taxes are making it hard for some longtime homeowners to keep their houses. Meanwhile the speculators have flipped their property and moved on.
The Fed promotes the expansion of credit, leading to a boom and widespread optimism among consumers and investors. The careless borrowing and risky investing brought about by the boom then leads to a bust, generating frenzied calls for the Fed to salvage the situation by promoting a further expansion of credit. The Fed then heeds these calls and the next round of inflation begins. Trying to inflate its way out of the current mess will simply delay the day of reckoning and make it worse, because never before in our history has there been so much debt in the system.

Guide to some terms in the clip:
Discount Window: When a bank in the United States is in need of money, it can turn to the Federal Reserve for a loan, usually on a short-term basis, to meet a temporary contraction of liquidity (the ability to raise cash easily) caused by market disruptions.
Teaser Rates: These are the very low interest rates offered in the early years of an adjustable rate mortgage loan, to entice home buyers into taking out a big loan. After a few years, the interest rate on the loan is adjusted higher, often resulting in a big jump in the monthly payment.
Bill Poole: William Poole is President of the St. Louis Federal Reserve Bank. In a speech last Friday in St. Louis, he argued that Wall Street was right to punish the share prices of companies that made bad decisions by offering loans to borrowers with dodgy credit histories.

Jim Cramer lunatic, or legend?

Note on video: This reproduction is protected under fair use law for the purpose of criticism,comment,and/or reporting. Such use is non-commercial in nature, and all rights revert back to the original author.  less

Step it up America, Ron needs dollars to Win.
Clinton and Obama are raising 10/12 million a month.
If everyone in RP meet-ups gives 25 dollars a week, he'll have in the
region of 4 million a month.
Your freedom   more...is worth 25 dollars a week!
Inflation is not 2% as this NWO shill Bernanke states. The governments
Inflation numbers conveniently leave out the cost of energy, "Gas, fuel
Oil" leaves out "Food" Does anybody think that gas and food have not
gone up more than 2%? Time to fight boys, don't be lulled into pacifism.
How many governments maintain control by pacifism?

They really want to control the World. Patriot act/War/North Amer Union/
Giuliani buying up Texas land for the super highway/congress not
responding/failed immigration bill/start putting the puzzle together.
Power mongers and slave people.

News today. The Arabs are thinking of moving away from the US dollar
and going to the Euro.
Venezuela yesterday moved away from US dollar. This is not a good
sign people.

“2 ways to control people”. Fear and Demoralize them. These people like
Rockefeller and the fed chairman and all the other Neocon’s are
Relics. They all need to go. The congress has an 11% approval rating.

Right on Paul! People need to learn how the banks work.
Google "MODERN MONEY MECHANICS", analyze it, their system in
Their own words. ---Go Ron Paul!---

If you support liberty and an America you can be proud of, we all need
to donate to this Nobel Man. I suggest $20 a/month or higher should you
want to reach your maximum contribution limit of either $2,300 (single)
or $4,600 (married). For as little as $5/week you can really change
America!  less

Dr. Ronald Paul Explains Moral Hazard to Ben Bernanke. Dr. Ronald Paul addresses Banking committee sub-prime mortgage market meltdown hearing. Moral Hazard is the topic. The Privately Owned Federal Reserve   more...Bank Corporation chairman, Ben Bernanke gives a lame answer to Ron Paul's well thought out question.  less

Part 6 of the Evil Female Hypnotist's Mind Meltdown multi-layer
hypnosis series. Layers of suggestion lull you into deep and
controlled trance. Headphones recommended; may cause time
distortion!

Vlogging challenge update. The series started on March 17th of this year and I have given myself until March 17th of 2008 to make big changes in my life.

On Saturday, the Bush administration proposed what could be the largest government bailout of private industry in the history of the United States. Today, the architects of the proposal, Treasury Secretary   more...Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke, will testify before the Senate banking committee. ANP caught up with Charlie Cray, Director and Policy Analyst at the Center for Corporate Policy, who spoke about the philosophical underpinnings of the current economic meltdown and his predictions for the future.  less

Shannon Sharpe reveals this year's 'Press Conference Meltdown Of The Year' .

Once on YouTube, an evil lesbian named SophieMaclay, or Trousdales, was threatening people and hacking their accounts. She even hacked mine! I was in tears when she hacked mine. Later, I got the truth   more...from a nice friend of mine named qwertasdcfghjklmo24z, who's Sophie's cousin. On September 10th, I made this video. This video also features Spanny, the Spanish hand from my unfinished movie, Handy's Holiday!  less

Psycho.

In 2007, an unfamiliar expression appeared in the Australia media. A "subprime mortgage crisis" was unfolding in the United States. Homeowners across America were defaulting on loan payments   more...and economists warned of major financial fallout occurring anywhere from Paris to Beijing to Melbourne. But why should a foreclosure in Cleveland affect a hedge fund in Sydney?

Australia, along with the rest of the world, is at risk of a virulent economic virus thanks to financial globalisation where everything is interconnected through a sophisticated form of pass the parcel. And even more alarmingly, no-one knows just how bad it might get.  less

In 2007, an unfamiliar expression appeared in the Australia media. A "subprime mortgage crisis" was unfolding in the United States. Homeowners across America were defaulting on loan payments   more...and economists warned of major financial fallout occurring anywhere from Paris to Beijing to Melbourne. But why should a foreclosure in Cleveland affect a hedge fund in Sydney?

Australia, along with the rest of the world, is at risk of a virulent economic virus thanks to financial globalisation where everything is interconnected through a sophisticated form of pass the parcel. And even more alarmingly, no-one knows just how bad it might get.  less

Very funny unseen footage from Bill O'reilly meltdown. www.barelypolitical.com is Geek-Cool approved

Doug Henwood: Poor regulation, risky securitized loans and greed have led to a very high-risk situation

Group workout in Windsor, ON, CA; hosted by Helen Heynen and Rob Gioia!

Group workout in Windsor, ON, CA; hosted by Helen Heynen and Rob Gioia!

Group workout in Windsor, ON, CA; hosted by Helen Heynen and Rob Gioia!

Group workout in Windsor, ON, CA; hosted by Helen Heynen and Rob Gioia!

Group workout in Windsor, ON, CA; hosted by Helen Heynen and Rob Gioia!

Understand the plot or not, here's my first adventurous short film! In this crazy short, Scrat has a dream where the universe is coming to an end! =O It all starts with the Sun blowing up and coming back...

A stupid 4th TLTH trailer with Scrat from Ice Age. If you don't like Ice Age, don't say a word. (That means YOU, AustinSystems!) NOTE: The video is stretched, so here's the original file: http://www.megaupload.com/?d=XBHJSH98

Warwick Dunn discusses the Falcons disappointing 27-20 loss to the Carolina Panthers and what impact teammates DeAngelo Hall had on the outcome of the game.

Part 2 of the Jet Car Nationals/Monster Truck Meltdown. This part contains the monster trucks and robosaurus.

This is some footage from the Jet Car Nationals/Monster Truck Meltdown. There were race cars, motorcycles, funny cars, jet cars, monster trucks, and robosaurus. The funny cars and jet cars were extremely   more...loud and fast. Part 1 has all of the cars, bikes, and jet powered vehicles.  less