Sunflower Halved Hypersaturated

Sunflower Halved Hypersaturated
Yes this is a real sunflower I took this shot a couple of summers ago in the garden outside my work window

Thursday, May 8, 2008

Thinkings 4 Thursday

Let see, so many things in the news, it's a bit tough trying to decide what to talk about and what not to talk about...

~At the Six Flags Discovery Kingdom in Vallejo, California some ignoramus decides he is going to slap a baby camel on a dare. First, what would even make you consider jumping the fence into the animal pen? Second, why on earth would you feel the need to abuse an animal? I mean clearly it wasn't calling you names. Last, but not least, you have warrants out for your arrest, but it must have slipped your mind while you led the police on mini car pursuit. Common sense once again eludes the masses.

~~The housing've heard about it or know someone going through it. Well you may or may not have heard about the latest bill to grace Congress known as the FHA Rescue Bill. Basically the FHA bill will assist those at risk of defaulting on their mortgages. Below is an excerpt with a little more detailing courtesy of CNN Money

To qualify, the lender would have to cut the debt to no more than 85% of a home's appraised value. If the FHA-refinanced loans went into default, the FHA would pay the lender the remaining principal owed.

The bill is sponsored by House Financial Services Chairman Barney Frank, D-Mass.

While 1.4 million loans are likely to be eligible for such a program, the Congressional Budget Office estimates such a measure would end up insuring 500,000 borrowers and estimates doing so could cost $2.7 billion over 5 years, of which $1.7 billion could be a cost to taxpayers.

While I feel lenders should be at fault for offering loans to people who would not otherwise be able to afford them without the crazy terms, no one forced these people to sign on the line. I do not feel I need to carry the burden of the next person's actions. Tax dollars should be spent in other ways and about half of Americans are in agreement with me...

The poll finds 49% of Americans believe such homeowners should receive special treatment, while 48% feel homeowners should not get assistance. Three percent of those polled had no opinion. (CNN Money)

Where is the lesson learned in all of this if there is no penalty against the loan holder? I cannot find sympathy in this matter as there are a ridiculous amount of resources available for you to educate yourself on mortgages, rates and other related issues. Maybe that's a bit harsh, but regardless I'm sticking by my belief.

~~~I find this to be ironic...First Lady Laura Bush criticized the Burmese government's slow response to Cyclone Nargis that hit the Myanmar nation earlier this week. Hmm that's pretty interesting consider the non-response effort during Hurricane Katrina in 2005. Seems to be a little of the pot calling the kettle black? How quick we are to assist other nations and be critical of how they handle emergencies, but when disaster struck our own soil the response was less than lacking. A little hypocritical to say the least.