160 Foreclosures a Week in Cleveland!... But

Submitted by SadInAmerica on Wed, 03/19/2008 - 10:25am.

Bush Bails Out Wall Street!

Times like these make it damn easy to call yourself a liberal.  Bill Callahan has been relentlessly focusing on foreclosures in Cuyahoga County, and finally, I figured out why it's been mesmerizing to me, thanks to the ongoing bailout of major Wall Street financial institutions.  

I've known a few Wall Street types in my day, partied with some of 'em, even.  And lemme tell ya something.  The obscene excess that these guys have enjoyed for the last decade or so make Eliot Spitzer hiring a $4,300 an hour call girl look like picking up a street walker on Prospect Avenue.  These guys had plane-loads of Spitzer whores, weekly, meeting them at the airport to fly them to Las Vegas.   They threw around money like it was dirt.  Snorted it up their noses.  Bought their kids BMW's for their birthday.  Skied in Aspen, Switzerland, Austria and New Zealand all in the same year. 

And for our government to allow them to hand the bill to the Fed, or the taxpayers, at this economic moment, is truly Victorian.  Especially when Bill Callahan has been documenting the following in Cuyahoga County alone.

163 sheriff's deeds were filed March 10 through March 14.

164 sheriff's deeds were filed March 3 through March 7.

156 sheriff's deeds were filed February 25 through February 29.

2,567 new civil foreclosure cases filed in the first two months of 2008.

169 sheriff's deeds were filed February 18 through February 22.


When will these people get a federal bailout? 


by Tim Russo - March 18, 2008 - posted at www.buckeyestateblog.com

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Submitted by SadInAmerica on Wed, 03/19/2008 - 10:25am.