Harlem Bubble Blues

I got the Harlem NY, bubble blues; The Euro's crashing, two by two; JP Morgan chase, is losing the race; Got the New York bubble blues.

In 2008, governments had not yet deployed their ‘big gun’ cures for the debt crisis. So they still had the firing power to squelch the crisis with a series of unprecedented rescues. Today, we have seen the rapidly diminishing returns — or outright failure — of nearly every possible stimulus plan, bailout deal or austerity measures known to man.

Furthermore, it was also reported today from a source within the Bank of England that the BOE is prepared for the unraveling of the euro. The source noted that the Bank is prepared to “play their part in mitigating the impact” of Greece, or other countries, exiting the Eurozone.

Again, the panic is currently spreading throughout Europe, and the very nature of such a panic in today’s economy implies that the panic will spread across the Atlantic too. However, that “contagion” can either be allowed to sweep Europe and the United States bringing all the social chaos of a banking collapse, or it can be blocked by the implementation of Glass-Steagall, a firewall separating obligations to investment banks, hedge funds and the like from legitimate banking deposits and obligations.

In other words:
Bubble bubble toil and trouble.

Liar Loans and the Housing Crisis

Ever wonder Harlem and Bronx NY dudes, how the housing crisis got so bad?  I know that you been down with the geezer, but also the Angelides Report has got the story.  It is also called the Financial Crisis Inquiry Commission Report, and you can look at it, for free at http://fcic.gov. You may have known this already but forgot, the bankers and gangsters try to confuse you. Look what they had some dumb ass dude do who worked at McDonalds as a hamburger fryer.  the dude got two mortgages, one for 80-percent of the value and a second mortgage for the down payment of 20-percent. And remember these were 40-percent no-doc and low-doc loans on your ability to pay, a bunch of liar loans. No wonder the whole damn thing crashed and is still crashing. The dude was trying to buy a $300,000 apartment on $7 an hour.

Depression and Diabetes, Harlem

Having a chronic disease like diabetes can be depressing, Harlem Dudes, but it can also be deadly.  Now, I know that the average hard-charging Harlem or Bronx NU dude does not let depression get him down, but this could hit your lady hard.  Women tend to get depressed a lot more than men, and if they have diabetes this puts that at a much greater risk for cardiovascular disease (CV) and death.  In this economic depression, where everyone has to fight to keep on trying and keep the faith, this is an important thing to think about.  Try to keep your lady from getting depressed, and if she needs medical help make sure she gets it.