Comments on: Community http://susiemadrak.com/2008/03/27/21/21/community-3/ Keeping a jaundiced eye on the corporate media. Fri, 21 Nov 2008 05:22:06 +0000 http://wordpress.org/?v=2.6 By: russell http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139647 russell Fri, 28 Mar 2008 23:04:48 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139647 James Cayne, CEO of Bear Stearns, sold out his stake on Thursday. He sold at $10.84 a share, which grossed him $61.3 million. Bear Stearns would be worth squat without the Fed backing up their bad paper. I doubt the vmlinux, Stephen, or Rob know the details of why the Guerreros leveraged themselves so deeply. Maybe they spent it all on vacations and fancy clothes. Maybe the estranged Mr Guerrero has a gambling problem. Maybe they had some medical expenses. I don't know, you don't know. They have a big note, they're almost certainly upside down on the house, hubby's no longer in the picture, she got laid off. Can't get assistance, so she's at the food bank. If you think that's a unique story, or if you think all of the folks who share that story are just spendthrift idiots, you are wrong. Thanks - James Cayne, CEO of Bear Stearns, sold out his stake on Thursday. He sold at $10.84 a share, which grossed him $61.3 million.

Bear Stearns would be worth squat without the Fed backing up their bad paper.

I doubt the vmlinux, Stephen, or Rob know the details of why the Guerreros leveraged themselves so deeply. Maybe they spent it all on vacations and fancy clothes. Maybe the estranged Mr Guerrero has a gambling problem. Maybe they had some medical expenses.

I don’t know, you don’t know.

They have a big note, they’re almost certainly upside down on the house, hubby’s no longer in the picture, she got laid off. Can’t get assistance, so she’s at the food bank.

If you think that’s a unique story, or if you think all of the folks who share that story are just spendthrift idiots, you are wrong.

Thanks -

]]> By: Izquierdo http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139632 Izquierdo Fri, 28 Mar 2008 17:35:17 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139632 So, Rob, does that mean that you're just as strongly opposed to the immense government bailouts of financial firms that abused the system to a far greater degree? So, Rob, does that mean that you’re just as strongly opposed
to the immense government bailouts of financial firms that
abused the system to a far greater degree?

]]> By: Rob http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139631 Rob Fri, 28 Mar 2008 17:25:38 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139631 Patricia Guerrero is in this mess of her own free will. No sympathy here, and I sure as hell don't want my tax dollars bailing her or anyone in her position out. Americans living well beyond their means had to know the other shoe would drop eventually. If you didn't, you're delusional. You made your bed, now lie in it. Patricia Guerrero is in this mess of her own free will. No sympathy here, and I sure as hell don’t want my tax dollars bailing her or anyone in her position out.

Americans living well beyond their means had to know the other shoe would drop eventually. If you didn’t, you’re delusional.

You made your bed, now lie in it.

]]> By: russell http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139620 russell Fri, 28 Mar 2008 15:22:12 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139620 Nobody's asking you to bail her out of her mortgage. Susie's post was about donating to food banks. Maybe Guerrero is a greedy dope, but she still needs to eat. WTF should she do? Not go to the food bank? Are you only going to help out people who never make mistakes? Go to your local food bank or shelter kitchen and see who shows up. It's not just drunks and crazies. You might see some folks you know. Thanks - Nobody’s asking you to bail her out of her mortgage.

Susie’s post was about donating to food banks. Maybe Guerrero is a greedy dope, but she still needs to eat.

WTF should she do? Not go to the food bank? Are you only going to help out people who never make mistakes?

Go to your local food bank or shelter kitchen and see who shows up. It’s not just drunks and crazies. You might see some folks you know.

Thanks -

]]> By: Stephen http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139618 Stephen Fri, 28 Mar 2008 14:57:29 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139618 I have absolutely no sympathy for a person such as her in her current situation & if what you have said here is true, she's getting exactly what she deserves. The bill is coming due & America can not pay it. I have absolutely no sympathy for a person such as her in her current situation & if what you have said here is true, she’s getting exactly what she deserves. The bill is coming due & America can not pay it.

]]> By: Stephen http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139617 Stephen Fri, 28 Mar 2008 14:56:24 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139617 I have absolutely no sympathy for a person such as her in her current situation & if what you have said here is true, she's getting exactlt what she deserves. The bill is coming due & America can not pay it. I have absolutely no sympathy for a person such as her in her current situation & if what you have said here is true, she’s getting exactlt what she deserves. The bill is coming due & America can not pay it.

]]> By: vmlinux http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139605 vmlinux Fri, 28 Mar 2008 13:11:46 +0000 http://susiemadrak.com/2008/03/27/21/21/community-3/#comment-139605 This is going around the blogosphere and cnn is covering it up and refusing to put it in the coments because it makes their journalists look as bad they are: Here’s a little more information about Patricia Guerrero’s financial situation from public records (LA County Assessor and Recorder): The 2,948 square foot house on a quarter acre lot was built in 1948. She and her estranged husband Ray acquired the house, apparently from HIS PARENTS Israel and Esther Guerrero, in August 2002, at which time the debt load on the property was about $157,000. Ray and Patricia took out a conventional fixed-rate first trust deed on the property on 8/14/2002 for $202,000. I’ll spare you all the gory details of their various refinancings and equity loans, but the present note from 8/21/2006 is for $649,999. So, it looks like they bought the place for a sweetheart deal and proceeded to jack themselves up to the tune of about $450,000 over a period of just 4 years. This is going around the blogosphere and cnn is covering it up and refusing to put it in the coments because it makes their journalists look as bad they are:

Here’s a little more information about Patricia Guerrero’s financial situation from public records (LA County Assessor and Recorder):

The 2,948 square foot house on a quarter acre lot was built in 1948.

She and her estranged husband Ray acquired the house, apparently from HIS PARENTS Israel and Esther Guerrero, in August 2002, at which time the debt load on the property was about $157,000.

Ray and Patricia took out a conventional fixed-rate first trust deed on the property on 8/14/2002 for $202,000.

I’ll spare you all the gory details of their various refinancings and equity loans, but the present note from 8/21/2006 is for $649,999.

So, it looks like they bought the place for a sweetheart deal and proceeded to jack themselves up to the tune of about $450,000 over a period of just 4 years.

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