I am surrounded by shoes and more shoes (enough, certainly, to shoe the entire population of small children in Australia) and boxes and more boxes and honestly I don't know what possessed me to move house? Oh wait. Yes, I do. I really and truly do. A better house in a better location with a fenced back yard for the dogs. A yard so lovely that Stella literally did back flips last night. I am not kidding. My dogs have never had a fenced back yard in their three years on this planet. Now they do. And I'm never going to be able to move them to a home without a back yard again.
I am back, as noted, from my journey away. I want to share all about that journey and I've been writing that blog post in my head. But at the moment I can not craft it the way it should be lovingly crafted, so it will have to wait.
Instead, I have words. From my creator. Or at least 50% of my creator as there was a certain Emily Gilmore who was also involved in my creation, as we know. I wrote to Albert last week to ask him his thoughts about the current financial mess. And the Presidential election. I did NOT call him, as he mentions, because I know he's fuming and when he fumes, he yells. He tells me he is not yelling, but people in California can hear him without the use of any electronic devices while he is standing in Baltimore that is how loud the man is yelling. I thought an email would be better.
Still, you may want to cover your ears. I'm surprised it wasn't written in ALL CAPS. Then again I'm surprised I got an email at all?!? I'm sure he isn't exactly his daughter's father when it comes to being computer savvy. I'll be back with my own words soon enough. Just need to figure out where all these shoes are going to go!
Dear jen, yes I am glad you didn't call me because I am pretty mad. This is the end of the financial system in the U.S.A., as we know it. There is no way that we as taxpayers can afford this. We do not know how they are going to value these securities or what the under lying assets really are. This may have been the biggest ponzi scam ever pulled on the American public. The total value of the housing market in the United States is 10 trillion dollars, which would be the total assets that are secured by this debt. The total debt outstanding on this is 70 trillion dollars. Where in the hell is the other 60 trillion dollars. These are supposed to be securitized debt similar to a bond. When that asset is sold the debt should be retired with it. It would seem to me that it wasn't and all this group of mortgages became was a fee-generating fund for the banks. In other words the assets did not exist and thus fraud did. If we consider what type of fees were generated off of this take 2% of the total of 70 trillion dollars and it comes to 1 trillion 700 billion not a bad days work at your financial companies. Somebody should be going to jail. Now with congress getting involved we are going to have twice the mess. I feel they just made us all serfs that work to take care of other people’s theft while we must struggle with trying to keep our own heads above water. What w3e must do is vote out the entire U.S. congress and replace with people who have the American publics interest at heart and not getting re-elected or K streets interest. Any retirement funds that congress has coming to it should not be allowed because of their complete failure on the above and many others. That is all I have to say on the matter for now. Jen there are spelling errors and other grammar mistakes in this, if you use please correct. I love you, DAD thanks this was fun will give you an answer on the presidential race as soon as I can figure out if either one has a solution to the U.S.A.'s problems. Will get into that in my next E-Mail. Love again DAD












