HCS’s and Gen’s Place

I’ve lost a ton of respect for james dobson over the years.  He is now joining a growing number of ministries that choose to water down the work of God to please some earthly laws.  I would like to see him just remember that the internet is global and there is an easy way around this issue…simply shutdown in canada and put your entire broadcast online.  Also i would stream them live from the us-based website as they are being made and let everyone in canada know about this.  There would be nothing the canadian gov’t could do about it at that point and their hate crime laws would not apply.

Rosemont de-annexation to referendum

At first it was the burgess Jackie Ebersole crying foul and throwing various kinds of monkey wrenches into Brunswick crossing. There were various reasons but the biggest one was the small parcel of land they owned was going to be developed and they did not want that. But because they hung onto the land they were jeopardizing some major areas of the project…the biggest one being the relocation of the Brunswick Fire Company. What makes this ironic is the BVFD provides the fire coverage for Rosemont. Finally after some wrangling a deal was struck and all were allowed to move forward. Now some of the citizenry of Rosemont are crying conflict of interest because her husband is president of the Brunswick Volunteer Ambulance Company. I guess after years of obstructionism by their leader they decided to rise up themselves and bite the very ambulance company that serves them as well. They are simply following their duly elected burgess’s example…..

I do have to give the Rosemont residents credit though for being active enough in their community that when they see something they don’t like they use the power of their votes to rise up and say something to their elected officials.

I recently canceled their dsl service due to them taking 1/3 of my bandwidth away.  When i called to find out what was going on i was told be glad you have that much by more than one tech support person.  That same day i called comcast and went to their high-speed.  Now it turns out they never deactivated my dsl account as i have been charged for the entire march billing period.  When i call in this time I get told they won’t refund the entire charge because the cancellation was only for today.  I told them they should credit me the whole thing as it’s their issue that they didn’t cancel the service when i asked them to.  The person then told me the fact is that we are not going to credit you anything but a prorated refund for htis billing period.  Looks like as soon as comcast digital voice comes along verizon goes totally bye-bye…of course me and my wife could go totally cellular and bypass both of them.  The discussions continue as to which option this household is going to use but it won’t be verizon.

According to Vox Day it appears Lehman is also in trouble.  Also the Fed Bernake had this to say about the bailout,

Mr Bernanke then announced a new Primary Dealer Credit Facility. Dealers can now lend the majority of the $50 trillion of credit market instruments to the Fed in return for cash equivalents, “allowing the Fed to be able to support the debt structure that underpins the American economy,” according to the Lindsey Group, a leading consultancy.

Bear Sterns is being bailed out by the Fed and being sold for nearly pennies to JP Morgan Chase.  The Fed has also opened up unlimited lines of credit to the top 20 banks.  This means the dollar is going to plunge even worse than it has now and is only going to exacerbate the issues.  The fed is honestly powerless here…it is flooding the market with more debt when it’s too much debt that is the root cause of this issue.

As is quoted in the article (In an effort to stabilize the stock market, the Fed also took the extraordinary measure of lowering the discount rate by a quarter point, from 3.25 percent to 3.5 percent.

The discount window is a lending facility the Fed uses to lend money to banks on a short term basis, to meet liquidity needs.

Last night, the Fed announced money would be made available to the 20 large investment banks that serve as the “primary dealers” trading Treasury securities directly with the Fed, with no pre-determined limit on the amount of money a bank might borrow.

The idea is to allow the primary dealers to lend to banks on a short-term basis by holding as collateral hard-to-sell instruments in bank asset portfolios, including mortgage-backed securities that may have little or no true market value.)

…the fed is taking on the shaky and/or worthless mortgage backed securities to prop up the banks.  Frankly..let the banks sink under their own weight…this will keep them from making these bad decisions..unfortunately the fed’s bailout will only encourage this behavior and plunge this country even deeper into debt.

JPMorgan Chase, Fed to aid Bear Stearns - U.S. business- msnbc.com
Last week, the Fed announced an industry-wide rescue package that would provide as much as $200 billion in loans to banks and investment houses and allow them to put up risky home-loan packages as collateral. It was the Fed’s latest effort to stem a global credit crisis that began last August with rising loan defaults for subprime mortgages, loans provided to borrowers with weak credit histories.

Just read the bolded sentence above.  This is why the whole thing is going to implode.

N.Y. governor reportedly in prostitution ring - Crime & courts- msnbc.com

I bet Spitzer is done. He came into power as the tough on crime and going to clean up wall street platform. This appears to be the result of a prostitution bust at a high end club called the Emperor’s Club that was a front for a high-end prostitution ring. What an interesting turn of events. I’ll be blogging this as details come out. The New York Times sites is down due to the crush of traffic. I await his statement.

CNN

Msnbc

Fox