Life in Paradise: 21st Century Style
2000-2001
The “dot com” bubble bursts
Recession
9/11/2001
America attacked!
Our way of life is threatened
Fear sets in
Financial institutions vulnerable!
Economy in a nose dive
What to do?
Everybody fly the flag from your home.
Save housing - Save the economy!
First, everybody needs a home.
The madness begins.
2002-2003
Create laws to increase minority homeownership
California gives birth to the ARMs* and NINJA** loans
Accounting irregularities at Fannie Mae (FNMA) & Freddie Mac (FDMAC) ***
Doors open for Wall Street to invest in Main Street
Without those pesky government regulations
Homeownership increases
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOME PRICES INCREASING FASTER THAN INCOME?
…...“No problem; it only takes a little creative mortgage financing and Wall St loves those high yielding mortgages…..
HIGHER RISK - HIGHER YIELD!
Pension funds love high yield.
Buy more and more....
…...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…..
WARNING! WARNING! DANGER! DANGER!
AREN”T PENSION FUNDS ONLY ALLOWED TO BUY AAA RATED INVESTMENTS?
...“Problem solved...banks pay the salaries at the Rating Agencies and Ratings Agencies in turn lower the standards to obtain a AAA rating”...
WARNING! WARNING! DANGER! DANGER!
WHO’S WATCHING THE “HEN HOUSE” WHO’S MINDING THE STORE?
...“Who cares?
Everyone is happy
Millions of new jobs created
Millions of new homeowners
Millions of dollars for bankers
Millions of dollars for Wall St
And everyone owns a home on Main St
Money is flowing
Everyone wins! ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOMES BECOMING LESS AFFORDABLE?
2004 -2005
...“Pressure Government to create more creative loans and even lower down payments with even higher yields and make more bucks”…
A new mortgage is born, Euphemism: THE PAY OPTION NEGATIVE AM ARM Loan
...Easy to sell… You chose your own payment! You chose your interest rate! ...
WILL WALL ST BUY THESE LOANS?
….“You bet! Wall St loves these high yield mortgages. They package these loans as CDOs***** and sell them to Pension Funds, Municipalities, Foreign Governments etc
Spread the risk - Harvest the yield! …
Now Fannie Mae & Freddie Mac want back in on the action
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”
Everyone wins! …
The country is now infected with AFLUENZA
...“We need even more mortgages. Pressure Government to lower credit qualifications, raise borrowing limits, allow less equity positions. Let homeowners use their homes as ATMs+++”...
WARNING! WARNING! DANGER! DANGER!
WHERE IS THE SEC? WHERE IS THE FED? *****
...“Banks will police themselves” says the SEC
“Homeownership is up.
The Standard of Living is up
It is good” says the Fed...
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”...
CAN THIS LAST? WON”T HOMES PRICES HAVE TO COME DOWN OR INCOMES GO UP? .
2006 – 2007
Prices too high.
Average home unaffordable
Fewer home buyers.
Prices sinking
ARM’s resetting
Sub prime borrowers defaulting
Ninja loans failing.
Banks taking in less
Fewer dollars to lend
Layoffs beginning
Homes over-mortgaged
Appraising for much less
Equity gone
No equity - No sale
The downward spiral begins
Existing incomes static
Mortgage payments climbing
Homes losing value
Appraising lower
Jobs being lost
Unemployment rising
Banks failing
Wall St collapsing
Investment yields disappearing.
No way out!
2008 –2009
Elect a new administration with a RESCUE PLAN!
….“Spend more money Acquire more debt”….
WARNING! WARNING! DANGER! DANGER!
*ARM: Adjustable Rate Mortgage,
** NINJA loan: No Income, No Job or Assets
*** FNMA & FDMAC: Federal National Mortgage Corporation & Federal Home Loan Mortgage Corporation
**** CDO Collateral Debt Obligations
****** SEC: Securities & Exchange Commission & Federal Reserve System
+++ATM: Automated Teller Machine
poem by Nancy Chambers
Submitted by Poetry Lover
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Related quotes
Ramble Tamble
Chorus:
Move,
Down the road
I go.
Chorus
Theres mud in the water,
Roach in the cellar,
Bugs in the sugar,
Mortgage on the home,
Mortgage on the home.
Theres garbage on the sidewalk,
Highways in the back yard,
Police on the corner,
Mortgage on the car,
Mortgage on the car.
Chorus
Theyre selling independence,
Actors in the white house,
Acid in digestion,
Mortgage on my life,
Mortgage on my life.
Chorus
Ramble tamble tamble
Ramble tamble tamble
Ramble tamble tamble
song performed by by Creedence Clearwater Revival
Submitted by Lucian Velea
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The (Not-So-Great) Bailout of 2008
Gather round children,
as I tell the tale,
Of how all the banks
started to fail.
About how the government
bailed out the rich,
Rather than the poor,
which would have been a switch.
People were greedy,
for something called cash,
Brokers on Wall Street had plenty,
so what they did seems rash.
And so they started
robbing regular people blind.
That's how America (and the World)
got into a bind.
The banks began approving loans for homes,
to anyone who might need.
The value would go up,
and you could re-mortgage indeed.
People started spending
what they never had.
The way money was their religion
was awfully sad.
People would spend thousands of dollars,
On luxury items and diamond rings,
While poor children went without
food, braces and things.
The world was on a bubble
about to break.
Still banks pushed loans and investments
with ratings that were fake.
The economy crashed
like a run away train.
Regular people watched as their savings
and retirement went down the drain.
The president and congress
fearing another crash,
put together
a bailout plan fast.
They reasoned, if we don't fix the economy
the whole ship will sink.
'You don't understand, ' they claimed
the world is on the brink.
And so the government taught future generations,
handing (the rich) a bone,
That's it's okay to spend
more than you own.
poem by Joseph DeMarco
Submitted by Poetry Lover
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Danger
There is danger atop our heads;
There is danger around us all;
There is danger beneath our feet;
There is danger to man and beast!
There is danger in the skies;
There is danger in the seas;
There is danger ev’n on land;
There is danger to man and beast!
There is danger from earth’s bowels;
There is danger in forests;
There is danger in hills, vales;
There is danger to man and beast!
There is danger from our brethren;
There is danger from kith, kin;
There is danger from strangers;
There is danger to man and beast!
There is danger within us;
There is danger from space;
There is danger to our soul;
Nevertheless, God protects us.
poem by John Celes
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Interest Rate
Interest rate should be fixed
In such a manner and style
So that both the commercial banks
And their clients are benefited
But unfortunately many people
Incur loss as a result of
High interest rate
The central bank should encourage
The commercial banks
To go for investment
In the lucrative sectors
In order to create more fund
And to enable them to give more loans
And lower interest rate
For the entrepreneurs
If the commercial banks
Lower interest rate
For the depositors
The latter will not be discouraged much
Since people deposit money mainly
To keep it in a safe place
If the commercial banks
Lower interest rate
For the entrepreneurs
Many more people will take loan
As a result
Both the parties will be benefited
According to Islam
If there is more good elements
Than bad effects
Exist in a thing
It becomes halal
Therefore if most of the people are benefited
By taking loans it becomes okay
poem by Asif Andalib
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I Want A Warning
History is made, not repeated
And you hide behind words that make you feel needed
And what you read in those books made you so conceited
So in order for love to be true
My dreams will have to
Become my only rules
I want a warning
I want a warning
I want something more than a warning
I've been warned about you
I see through all your promises and warnings
I want a warning
I want a warning
I want something more than a warning
I've been warned about you
I see through all your promises and warnings
Wake me up on into a world outdated
And the older you get the more you seem jaded
As you search for the quotes to make it seem complicated
So in order for love to be true
Even my nightmares
Become my only rules
I want a warning
I want a warning
I want something more than a warning
I've been warned about you
I see through all your promises and warnings
I want a warning
I want a warning
I want something more than a warning
I've been warned about you
But I've seen through
Every promise is a warning
I want a warning
I want a warning
I want something more than a warning
I've been warned about you
I see through all your promises and warnings
I want a warning
I want a warning
I want something more than a warning
I've been warned about you
I've seen through
For a promise of a warning
song performed by by Idlewild
Submitted by Lucian Velea
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We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation.
quote by Peter Akinola
Submitted by Lucian Velea
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Falling
Another meltdown,
Another change of state.
Some other big town,
Where he can make his break.
And she said, no, I like it this way.
And he said, oh, does this mean I can stay?
I feel like Im just caving in
I really do
And what is to be must be
Help me, now Im falling
Give me early warning
Help me, Im in danger, over you
So how you feeling?
You know its not too late.
Dont hold your head down,
You must recuperate.
And she said, no, I like it this way.
And he said, oh, does this mean I can stay?
I feel like Im just caving in
I really do
And what is to be must be
Help me, now Im falling
Give me early warning
Help me, Im in danger, over you
song performed by by Asia
Submitted by Lucian Velea
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Knowing
There is a danger of knowing too much
knowing too much danger
Crossing a road without looking
Taking a risk with your cooking
A danger in knowing
There is a danger in knowing too much
Having digitalised lives
synched to computer
GOOGLED
There is a danger
Is there a danger in knowing?
Too much danger?
Too much knowing?
Too much?
we have/are becoming
More like a shopping mall
Packed full of brands
And gadgets
our apps additives
There is a danger of losing your child
In a shopping mall
Losing your self
In the underground
A danger in knowing
A danger in looking
The sign
The times
Are a changing
A danger of unseeing
Unliving
A danger of touching the edge of extinction
Without feeling
Bottled emotions
Formaladehyde Brains
Mask for a face
Stone for a heart
There is on a lighter note
A danger in eating my cooking
Knowing too much
Too soon
Too late
or a danger of knowing nothing
Simply eating what's arrived on your plate
poem by Yvette Smith
Submitted by Poetry Lover
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A Womans Threat
My time, my patience, my love
My blood, my sweat, my tears
My burdens, my drama, my pain
My car, my money, my home
My ups, my downs, my fears
And my hours, my work, my strength
My fault, my this, my that
Nigga please
If you dont stop
(this is a warning)
Someones gonna lay in your bed
(this is a warning)
And someones gonna eat your food
(this is a warning)
And someones gonna wear your clothes
(this is a warning)
And someones gonna fit your shoes
(this is a warning)
And someones gonna get your keys
(this is a warning)
And someones gonna open your doors
(this is a warning)
Someones gonna get your check
(this is a warning)
This is a womans threat
Baby, this is a womans threat
My shakin, my sleep, my stress
My days, my night, my rest
My dos, my donts, my dares
And my church, my pastor, my prayers
My all, my faith, my powers
And my kitchen, my sink, my towels
My joy, my sad, my hate
And my sister, my cousin, my friends
My lights, my gas, my bills
My role, my way, my will
My hollerin, my fussin, my fights
Nigga please
If you dont stop
(this is a warning)
Someones gonna lay in your bed
(this is a warning)
And someones gonna eat your food
(this is a warning)
And someones gonna wear your clothes
(this is a warning)
And someones gonna fit your shoes
(this is a warning)
And someones gonna get your keys
(this is a warning)
And someones gonna open your doors
(this is a warning)
Someones gonna get your check
(this is a warning)
This is a womans threat
Baby
My future, my hopes, my dreams
My panties, my socks, my things
My flowers, my dress, my ring
My man, my lover, my king
My live, my chance, my fault
And my guts, my courage, my wounds
My fence, my neighbors, my yard
My chains, my lock, my guards
My win, my lose, my gain
And my credit, my card, my name
Myself, my freedom, my roof
Nigga please
If you dont stop
(this is a warning)
Someones gonna lay in your bed
(this is a warning)
And someones gonna eat your food
(this is a warning)
And someones gonna wear your clothes
(this is a warning)
And someones gonna fit your shoes
(this is a warning)
And someones gonna get your keys
(this is a warning)
And someones gonna open your doors
(this is a warning)
Someones gonna get your check
(this is a warning)
This is a womans threat
Baby, this is a womans threat
Listen
(whoa, whoa...)
Have you ever heard the story
About the three little bears
See they papa was gone
For a long, long, long, long time
When he returned
To his sweet little home
He had come to find
That all of his porridge was gone
If you dont stop
(this is a warning)
Someones gonna lay in your bed
(this is a warning)
And someones gonna eat your food
(this is a warning)
And someones gonna wear your clothes
(this is a warning)
And someones gonna fit your shoes
(this is a warning)
And someones gonna get your keys
(this is a warning)
And someones gonna open your doors
(this is a warning)
Someones gonna get your check
(this is a warning)
This is a womans threat
song performed by by R. Kelly
Submitted by Lucian Velea
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We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.
quote by Timothy Geithner
Submitted by Lucian Velea
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Warning From Above
We have been believed
So beautiful earth
But we never realized it
Until it got angry
We have been loved
By so many people
But we never cared them
Until they left us
We have been given
This great life
With its existing ‘till now
But we would never understand
Until we die
It’s a warning to everybody
A warning from above
To humans
To realize how blessed we were
And how beautiful it would be
If we heard the warning
But nobody hears
Nobody cares
‘Till this warning
Incised hurt
In our history
This is a warning
From above
Realize how believed we were
How loved we were
How given we were
And how unthankful we are
Hear this warning
Or you’ll see the same disaster
You’ll be in the same despair
We’ll be in the same hell
poem by Clara Odelia Ciutara
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A Bugle Played
A bugle as a warning played
From a watchman in the spire
Allowed a city to defend itself
From attack by Tater fire
An one of the attackers saw
The bugler making the warning call
And with arrow fired pierced his throat
Causing the music to cease and man dead to fall
And to this day in that town
That music it is played
From the same spire on the same church
Where once it was a warning to a people afraid
A siren then, why is it now
That sounds of danger are so plain
Why cant he have something as sweet
As the Hejnals sweet refrain?
poem by Tomás Ó Cárthaigh
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The Last Warning
The last warning,
It will actually be a third part of man;
The last warning,
It will actually be a fourth part of the earth;
The last warning,
It will actually be in and around the great Euphrates River!
The last warning,
It will actually be by nuclear war and famine! !
So be very much informed about it.
poem by Edward Kofi Louis
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Ivan
Part of the psychic poem project. If this touches you, please let me know.
Thanks
I've got a secret buried somewhere deep inside of your haunted home that was once upon a time my own
Violence and danger seek to bury it just like they buried me 35 years before
A warning to you tonight I give to beware those who seem just a bit too curious about you and your new home
No one are what they seem
Beware dark intentions from friendly sources!
2008 Ramona Thompson
poem by Ramona Thompson
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Home Loan Blues
Just a man, good and sometimes bad
But striving to do the best that I can
Help a hand when the one close by you falls
Understanding can do the rest and that aint all
Hope I can please you but the truth isnt easy to say
The more that youre spending the more itll get in your way
I say it to please you to forget what you have done, so pray
I got the blues from the debt of the people today
You can have it all but youve got to pay
You can have it all dont pay me today
Wotcha man as the bills around you grow
Providing you take a loan to pay for them all
Help a hand when the one close by you falls
Depending if the fool keeps spending it all
You can have it all but youve got to pay
(you can have it)
Credit cards, mortgage, home loans for your holiday
song performed by by Simply Red
Submitted by Lucian Velea
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This is a warning
Warning! warning! warning!
This is a warning
Stop me from yawning
There is no smoke
Without a choke
There is no secret
Without a regret
You can not be strong
If you've never been wrong
Anything ever hot
Brings upon hurt
This is a warning
Stop me from yawning
Unfailed prevention
Prevails redemption
Avoid temptation
Beware of those who are nice
So say the experienced wise
Everything comes with a price
This is a warning
Stop me from yawning
Run, have fun
While there is still sun!
poem by Sylvia Chidi
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My Question to Alan Greenspan and Ben Bernanke
When banks went bankrupt, to bail them out
The government gave them a cushy handout
When the rest of economy went to recession
The government tried to make a good impression
It printed trillions of fiat money
To rescue all friends of the Easter Bunny
To provide the necessary wherewithal
To spend its way out of the hole
The politicians were not aware
While they built the bridges that lead to nowhere
That money is also a finite resource
They had good intentions: for better or for worse
Inflation and taxes beyond any doubt
Caused my retirement fund wipe out
My finances were trapped, I couldn’t get any cash
When stocks and bonds have turned into trash
I was paying my mortgage & credit card debt
I spent money wisely, my expenses were capped
With banks in default, the dollar’s inflating
I still retain 5-star credit rating
Hey, Mr.Bernanke and Mr.Greenspan
Something is wrong with your genius plan
Would you, please, tell me, whose fault is that -
People are suffering and banksters are fat?
***
August 23,2009
poem by Slava Olchevski
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Honourable Exception Advice Heeded Aneyoshi Descendants
Aneyoshi ancestors carved tsunami warning in stone
a love blessing warning standing warning descendants
Aneyoshi quiet wise hamlet of respectful descendants
Aneyoshi tightly knit community of listening descendants
Aneyoshi where above tsunami marker people built homes
honourable exception advice heeded Aneyoshi descendants
all high built their homes wave unscathed warned in stone
poem by Terence George Craddock
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Danger Zone
Shaking off the tresholds of a long forgotten dream
And you just can't make it last
Coaching paradise on a personal line
But you get fired to fast
And you lie, memories drifting by
Love don't make it on those pin-striped nights
When you're looking through someone's disguise
You can't make it alone, so you gotta make a move
But you're looking at nobody's eyes
Well that's love, or maybe love come and go
Looking for love is a danger zone
Love don't go begging in the danger zone
You won't get nothing from the danger zone
Tales that you tell from the stories that you'll hear
And you'll get what you can while you may
Don't understand when you're looking for a dame
But it's only a heartbreak away
And you'll learn, faking has no return
No way when you're feeling that way
Will your feet get caught up in the crowd
And the song that you sing is too soft to be heard
But your speakers are way too loud
Like the pain, loving is no big game
Looking for love is a danger zone
No don't go living in the danger zone
You won't get nothing from the danger zone
Don't take no chances in the danger zone
Love don't go begging in the danger zone
No don't go living in the danger zone
You won't get nothing from the danger zone
Don't take no chances in the danger zone
Love don't go begging in the danger zone
song performed by by Rainbow
Submitted by Lucian Velea
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Don't Stay Home
Life could slip away in absent minded numbness
I'm only sayin this 'cuz Iwish for the best
When you always stay in self-incarceration I think it's such ashame
Don't stay home this time now don't stay home
If he don't have to hedon't want to
Don't stay home this time no don't say no
Oh how I'd like todiffuse your time bomb anger
It's screaming danger danger this kind of world
Don't care if you're home so you better get some
Don't stay home this time nowdon't stay home
If he don't have to he don't want to
Don't stay home this timeno don't say no
Everything I'm sayin' you can dismiss
Because I sat alone onthis past Christmas I deserved to be alone
But I guess I should have gone home
Hey don't break the mold kid just eat around it
Yeah that's what I did I'll berunnin around the block
For no apparent reason
Somethin' you'll catch me doin'in any given season
Gotta break a sweat man gotta go bust out Buddy bye bye byebye
Good-bye to the drought - yea
Don't stay home this time now don't stayhome
If he don't have to he don't want to
Don't stay home this time no don't say no
Don't stay home this time now don't stay home
If he don't have to he don'twant to
Don't stay home this time no don't stay home
song performed by by 311 from 311
Submitted by Lucian Velea
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