JawsBlog

Even in the desert, the laws of economics apply
Yet, with the way things go, there’s likely to be complaints of an “invisible Israeli hand” effecting the Market in Sinai.

Drudge links to a story on the objurgate/foreclosure crisis, which happens to be about the home town of Shaker Heights.

I think, from the few streets named in the article, I can figure out which part of town this is (Note to the AP editors, it’s Chagrin Blvd not street).

However, there’s a quote from the County Treasurer, Jim Rokakis, where he puts the blame on the crisis soley on the banks:

“All you needed was a pulse to buy a house. Some loans were written with no money down, no proof of buyer’s incomes. They did not even check what people were saying. Most of those folks were jobless,” he said in an interview.

IMHO, part of the blame does fall at the feet of the banks for taking on such a risk.  However, people need to read what they’re signing up for, before they sign on the dotted line.  That’s what seems to be missing, responsibility for not understanding the conditions of the loans.

The family has finally left!  Now it’s time to clean up from the mess they left me with, and to eat all of the leftovers (anyone want to help with the latter?)

The PD declines to endorse Kucinich in his district: Editorial: The 10th Congressional District needs a new representative