Jun 292010
I got some interesting news form our YouTube friend GoatHallow.
Maywood to lay off all city employees, dismantle Police Department
32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst
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Another great video…seems to be getting worse there in the US…probably world wide.
Thanks for sharing as always very informative. I thought you might be interested to know what my husband told me. We live in the Los Angeles area and he travels to different parts of LA for work. He noticed the LA County Sheriff in Maywood. But he was also telling me he has seen it in many other incorporated areas as well. Seems like Maywood is not the only town in LA County who is facing problems. Very scary because at what time does the LA Sheriff become overwhelmed by helping out these towns, and then what.
It is a shame how the “Free Market” was handled in America that pushed the middle class to unemployment status. The Bush Administration pushed this gate wide open – especially with outsourcing and the transfer of wealth to ungrateful group who never reinvested the windfall into businesses.
You must remember that under his rule he allowed banks to borrow up to 30 times the value of their assets (homes) and homes were being legally bought by Fannie and Freedie through the lax requirement installed under Bush/HUD
http://archives.hud.gov/news/2004.cfm
06/25/2004 HUD Extends Comment Period on New Housing Goals for Fannie Mae and Freddie Mac