Monday, October 06, 2008

Moral Bankruptcy, Fiscal Bankruptcy, Mental Bankruptcy -- Dirty Bush's Excellent [Mis]Adventure Trifecta

So why is no one really mad at Dirty Bush? Why have we no pitchfork-waving crowds outside the White House?

Lack of imagination?

Never mind.

Let's think about Addie Polk, the 90-year old who shot herself in the chest when she was about to be evicted from her home.

Fannie Mae has now forgiven her.

But -- have we forgiven Fannie Mae? What about Goldman Sachs?

CNN) -- Fannie Mae said it will set aside the loan of a woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home.

Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007.

Addie Polk, 90, of Akron, Ohio, became a symbol of the nation's home mortgage crisis when she was hospitalized after shooting herself at least twice in the upper body Wednesday afternoon.

On Friday, Fannie Mae spokesman Brian Faith said the mortgage association had decided to halt action against Polk and sign the property "outright" to her.

"We're going to forgive whatever outstanding balance she had on the loan and give her the house," Faith said. "Given the circumstances, we think it's appropriate."

Residents of Akron have rallied behind Polk, who is being treated at Akron General Medical Center. She was listed in critical condition Friday afternoon, according to Akron City Council President Marco Sommerville.

U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal.

"This bill does nothing for the Addie Polks of the world," Kucinich said after telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill."

I agree with Dennis.

And while we're on the subject of the Bush/Cheney/McCain/Palin Ruination of America, here's something about ruination by homelessness. That should perk people up, no?
CAMBRIDGE, Massachusetts (AP) -- The number of homeless families in Massachusetts has surged -- a spike that has overwhelmed the state's shelter capacity and forced it to again place homeless families in motels.

The number of homeless families living in Massachusetts motels skyrocketed in September 2008.

Driving the increase is the sour economy, rising energy costs, escalating unemployment and shortage of affordable housing. For the first time, the state is tracking how many families are winding up homeless due to foreclosures.

"You're seeing a perfect storm," said Robyn Frost, executive director of the Massachusetts Coalition for the Homeless. . .

In just the past 12 months, the number of homeless families living in Massachusetts motels has skyrocketed from 17 in September 2007 to 550 in September 2008. That's on top of another 1,800 or so families in shelters . . .

Massachusetts isn't alone. Advocates for the homeless say that while statistics are still sketchy, many areas are reporting increases in the number of homeless families. . .As of midweek there were 588 families in 29 hotels across the state. . .

The state is also starting to track foreclosures as a cause for homelessness. That typically occurs when a multifamily home or apartment building is foreclosed on and the tenants are evicted, sometimes losing their security deposit in the process, making it harder to come up with the rent for a new apartment.

Frost said the state should focus on creating more housing vouchers to get homeless families into permanent homes quickly.

"If people are permanently housed, kids get education and parents can keep their jobs," she said. "Without vouchers you're going to continue to see this storm."

A brief teaching on karma, cause and effect: DOW PLUNGES DESPITE BAILOUT.

Jesus' General on Obama's Associations, via Swiftboaters for McCain.

VastLeft's Monday Morning Under-Rated Two-Hit Wonder Wall Street Shuffle.

Robin Morgan, When Sisterhood Is Suicide.

Nan Rhyner, Sarah Palin, How DARE You?

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