BofA to pay $8.5B housing crash settlement

8.5 BILLION !!!!!!!!!!!!!!!!!!?????????? 8.5 BILLION!!!!!!!!!!!!!!!!!!!!!??????????? ? 

I feel like Doc Brown in Back to the Future. Just to let you know theres a report on MSNBC saying BofA is paying 8.5 Billion Dollars to investors because of their losses in the housing crash. BofA says it was due to their purchase of Countrywide one of the nations largest home lenders. The article further adds there are 22 institutional investors with claims against BofA and this 8.5 Billion is going to pay them off. Thats a big settlement there is no way anyone can convince me it would cost more than 8.5 Billion Dollars to defend against 22 lawsuits. Since there doesnt seem to be an argument of being cheaper to settle than defend it must be cheaper to settle than lose. If it is cheaper to settle than lose it seems to me BofA expected to lose most if not all of those claims. If BofA expected to lose most if not all of those claims doesnt that make them at least partially responsible for those investors losses in the housing crash. If BofA is at the least partially responsible for those investors losses due to actions of Countrywide Lenders and Countrywide Lenders was a huge player in the overall housing crash. Doesnt that course of logic make BofA at least partially responsible for the overall housing crash? I wonder where my settlement is,I wonder where the people I know who have been financially destroyed by this housing crash settlements are?  Why do these 22 investors rate such a large settlement when millions of regular Americans have lost so much because of BofA and others? Let me be clear it is my considered opinion...........BANK OF AMERICA OWES EVERY AMERICAN AT THE VERY LEAST AN APOLOGY IF NOT RESTITUTION. That is just my opinion and just to be precise I believe there are many other large Banks and Financial Corporations that are in the very same situation as BofA. At this point it makes me angry that BofA still has the gall to have the word America in their name. The final indignity of all this is the writer of that article I saw said BofA said the charges would include an additional 5.5 Billion. Now adding 8.5 to5.5 I get 14 now when you add BILLION to that it just goes beyond the bounds of sanity. Now comes the really good part.....you ready for this? this is a direct copy and quote from the MSNBC article "As a result of the settlement, Bank of America said in a statement that it expects to report a net loss in the range of $8.6 billion to $9.1 billion in the second quarter of 2011, or $0.88 to $0.93 per diluted share." now Im no mathematician but if I take 14 and subtract between 8.6 and 9.1 lets just call it a round 9 I get 5 left over. Now I could be wrong but it looks to me like BofA will spend 14 BILLION DOLLARS  and only show a loss of about 9 BILLION DOLLARS. The only way I know anyone can spend $14 and only show a $9 loss is to have $5 already in your pocket. Does this mean BofA expected to or actually did make 5 BILLION DOLLARS the second quarter of 2011? I mean seriously if they can spend 14 BILLIONS DOLLARS in one quarter and still pay operating costs for that quarter and only expect to show an 8.6 to 9.1 BILLION DOLLAR loss well it sounds to me like someone is making some serious money at our expense. I dont know this is really annoying me that these companies are saved from bankruptcy at taxpayer expense we basically floated them loans to make it thru the tough times and in gratitude they stop lending us money and still turn such a profit they can even talk of paying BILLIONS of dollars in settlements and not be talking about bankruptcy much less acting like its even hurting them. I expect you poor folks that have BofA accounts will see a few added fees next quarter. Well my blood pressure is high enough think I will stop here before I really get angry.

What a Day Today

Well the weekend is over and its back to whatever you do on Monday. I was feeling pretty good today so I decided to go out. Today I learned several things first thing I learned is they have really changed fly fishing equipment since the last time I went Fly Fishing. In all honesty the last time I went Fly Fishing was about 30 years ago so it has been a while but I didnt remember the flies being so small or the line being so invisible. It must be the advances in technology over the last 30 years it couldnt be me that changed that much in the last 30 years. I mean seriously it took me 5 minutes to tie the fly to the line because the line was too small to see. Its not like I was fishing a crystal clear mountain stream for Trout that have NASA satellites tracking anyone coming within 500 yards of the water. I was out fishing for pan fish in a local parks pond. Granted a Fly Rod was probably a bit much for fishing in a Texas park but it was a fun time and I wanted to get some practice time in. Unfortunately it was very hot and a bit windy, the best spot to actually fish in water deep enough to have anything worth catching was on the wrong side of the pond and forced me to try and cast directly into the wind which if anyone has done any Fly Fishing knows is not an easy thing to do. So I spent about an hour out Fishing in the heat and sun today I actually caught one fish so small I was surprised it could fit the hook into its mouth. I turned it loose to grow up a little bit. Which leads me to the second thing I learned today. As I was coming home I went past a beauty supply store that is right next to a local restaurant where we like to get take out Italian every so often. Now I needed some nail clippers as they work great to clip tag ends of fishing line and remove flies from the line so I thought I would just stop in that store as it was on the way home. Now to set the scene here I live about 5 to 10 miles from the southern border of the Dallas City limits. The advertising pictures and products in this beauty supply store are all geared towards African American's  as they are probably the majority of customers that visit this store. Seeing this I assumed the store would be operated by an African American Woman or at least a Woman. As I was going in a nice Black lady was coming out we said Hi to each other as we passed and then as I went towards the counter Three Asian Men asked if they could help me. Now dont get me wrong I dont have a problem with Asian Men or Asian's or African American's or anyone else based on national origin. I can get along with anyone thats willing to be gotten along with. But this is South Dallas Texas and I guess I just jumped to assumptions as to whom I would be seeing in the Beauty Supply Store and I am forced to wonder whats up with that? I guess I had fallen into a pattern of thinking that needed to be adjusted. I should stop with the expectations and just deal with things as they come along I thought I was pretty good at that but I guess I still have work to do in that area. Oh well at least its something to do.   Talk to you all later....maybe

Another Friday

Fri Feb 18, 2005

Again with the Fridays...what’s up with that? Another week gone by and its SSDW. A little update on my glorious workers paradise. Both the canines and the feline residents are joyously celebrating another week under the thumb errr I mean gentle guiding hand of their most benevolent and gracious leader. It’s obvious that the plan of social tension is paying off as the assassination attempts have begun to taper off. The feline has slowed his nocturnal attacks and is only making a half hearted attempt every now and again to kill his beloved leader by throwing his body in front of the leaders path in an attempt to trip him as he tries to make his way to the bathroom in the wee hours of the morning.

The canines are still bumbling around not accomplishing anything useful. One has decided it is quite acceptable to bring in pecans from the yard and eat them in the middle of the living room floor leaving the shell fragments all about. This has been an ongoing issue and since the offending canine is the weakest link experts agree the offending Canine is non compes mentis to stand trial for the grievous offenses listed. The remaining canines fear this could lead to the revival of the dreaded death squads. The benevolent leader has disavowed any knowledge of alleged death squads now or ever

Amnesty International has ruled the political prisoners held in our detention camps are in no way being mistreated and actually ARE "evil little sh*ts that deserve everything they get." Word is there are plans to send the remainder of the malcontents off to the gulag. The benevolent leader will not confirm these whispers but unnamed sources say communication has been sent to the gulags to prepare to receive the remainder of the political prisoners.

Well that’s all I have for this week. Its time to put on the iron glove and heartlessly crush the aspirations of the little people.

Im not really sure what to think about this

I was reading an article about what an employer would find if they did an internet search about you. Since I dont know who will actually read this to be able to do a search about you I did a google search about me. Is it a bad thing when you cant even get a page one result on a google search about yourself? I finally found something that was supposed to be about me except they had me living in 2 different states at 3 different addresses one of which I never lived at and 2 of which I havent lived at in over 10 years. Its odd how much we rely on Google and how random their information really is. Online business lives and dies by google page rank and search results and yet they cant even find me when Im sitting there waving my hands in their face. If you ever want a good laugh do a google search on your own name and see what happens. Im not  sure if its a good thing being under the radar like that. At least crazy stalkers cant find me not that Ive ever had a crazy stalker. Someone would have to pretty crazy to stalk me and they would have to be very crazy to concern me. Ive lived with real crazy people and in my experience most average people wouldnt know crazy if Charles Manson was sitting on their couch eating fruit loops. Either way I am kinda bummed that I didnt even rate a first page mention on a google search for myself.. Oh well thats what you get for trying something from an article you read online I guess. Think I will take off now have things to do perhaps I will talk to you later. I do have another installment of my old friday series ready to go this friday so be sure to check it out.

A brave new week

Well its Monday again. I have to say this is a new Monday for me as it has a quality of being the first Monday I have been unemployed due to a layoff. Since I have been off work due to a medical issue for quite a while this isnt really effecting my day to day life very much. Being that I now dont have to option of getting better and going back to my job I find myself in a curious position. I am still waiting for the Insurance company to decide about long term disability due to the vertigo, tinnitus and hyperacusis in short I always hear what sounds like feedback from a microphone even when I plug my ears and certain sounds sound like theyve been turned up to a volume of 11 and I get dizzy spells several times a week that make me stagger around like ive had way too much to drink. Considering all that along with migraines which seem to be getting better with the meds im trying for the dizziness which the dizziness hasnt gotten much better work is secondary concern right now. Hopefully a determination will be made soon regarding this claim. But enough about that as its all in my head anyway its always a possibility Im not mentally sound this could be fun. I like Jello and I hear they serve that alot in the mental wards so who knows it could all work out in the end. Now that were done with the personal update I think I will bring up what prompted me to get typing this time. I saw a headline that said,                                  
                                          "Dating site ban's 30,000 ugly Members"
My first thought was How did they know they were ugly? Then I read the post and saw the site was based on members voting on new applicants and deciding whether they were beautiful enough to join. I had many thoughts run through my head among those were How self absorbed do you have to be to apply to a dating site that judges its members in that fashion? I mean Narcissistic much? Then I thought how damaging to the fragile ego of these miserable people who were seeking acceptance and thought they had it for a while to get that email saying  in essence Sorry youre too ugly to be on this site so weve decided to revoke your access have a nice day. :) ( I wonder if they actually put a smiley face there?) The sites spokesman said a former employee uploaded a virus and that is what affected the voting numbers allowing these 30,000  people access. The company has refunded the ones who actually went past the first free trial period and had paid the monthly fee. The company seemingly felt this was not serious enough an issue to inform the anti virus companies and also said no personal information was released due to this virus. It seems this virus only effected  the voting system allowing less than desirable people access. I just cant help but think this is just too funny to pass up I also agree with the writer of the post saying it is very suspicious this announcement of a virus attack but not working with the usual virus removal companies. With no other verification it really seems like a big publicity stunt. Which is why I have not named the site or posted any links in this message. I did try to access the site before starting and it was not available. One last thought before I go, back in the day we didnt blame hooking up with someone ugly on a virus.....we always thought that was what beer was for. Maybe that site had the Beer Virus...no Beergoggle virus.  as always Im outta here maybe I will talk to you later.
                                                 P.S. Here is a link to original post about this

It seems to be Friday ...AGAIN

( Originally posted )
Fri Feb 11, 2005 

Suffice it to say this week has been pretty much the same as last week which was pretty much the same as the week before that. I could go on but I hope your seeing the pattern here.

Living in this kind of rolling monotony one learns to observe the minutiae of life. Simple things like exactly what time the cat decides he wants to bite your chin and wake you up this morning. His usual time is sometime in the 4 o clock hour of the morning and he is fairly consistent. Except for today he waited till almost 5:30 AM. I am therefore watching him closely today to try and figure out what his scheme is. Cause I know he's up to something.

I have enlisted the aid of the canines of the house in my FCO
(Feline Covert Operation). But Im beginning to have my doubts as to the real value of that action. As it is akin to having the village idiots helping out. Im fairly certain even with all three canines working together the feline has them outsmarted. But I have the final laugh because as they are all trying to outsmart each other..... They are leaving me alone which is what I really want in the first place also as long as the feline is busy "outsmarting" the canines He's not plotting against me.

I sometimes feel like the beloved benevolent leader (dictator) of a third world country. Keeping all the factions in constant turmoil for my own nefarious schemes. I even have my own political prisoners as we have begun operation weasel crackdown. After having sent two of the worst offenders to the gulag the rest are being held under "room arrest".

Well I have an uprising to go brutally repress. I may update you later on my progress.
.

Something a little different

I am going to try something a little different today and see if I like it. About 5 years ago I had a series of weekly posts that I enjoyed writing. It was a funny way of looking at my week at the time. The site I posted them on seems to be empty now so I think I will post them here. I will post the original entry along with the date it was originally posted. remember this was about 6 years ago and much of the situation has changed since then. But it was fun writing these and I thought I would share them. Without further ado I will give a second post today with the beginning of the series there were 26 episodes in all and I may just share them all if there is enough interest.