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	<title>Comments on: Foreclosures Rise 28%</title>
	<atom:link href="http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132767</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Fri, 12 Dec 2008 12:56:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132767</guid>
		<description>jason, 

to your point, if we, really, wanted an &#039;Infrastructure&#039; project that&#039;d do some good, we&#039;d tear up all the &#039;Roads&#039; that lead to W.D.C. y Wall St., dig up the 10th Amendment, and the other 9, while we&#039;re at it, and Remember what it&#039;s like to be a Republic, again.

Amendment 10 - Powers of the States and People. Ratified 12/15/1791. Note

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
http://www.usconstitution.net/const.html#Am10</description>
		<content:encoded><![CDATA[<p>jason, </p>
<p>to your point, if we, really, wanted an &#8216;Infrastructure&#8217; project that&#8217;d do some good, we&#8217;d tear up all the &#8216;Roads&#8217; that lead to W.D.C. y Wall St., dig up the 10th Amendment, and the other 9, while we&#8217;re at it, and Remember what it&#8217;s like to be a Republic, again.</p>
<p>Amendment 10 &#8211; Powers of the States and People. Ratified 12/15/1791. Note</p>
<p>The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.<br />
<a href="http://www.usconstitution.net/const.html#Am10" rel="nofollow">http://www.usconstitution.net/const.html#Am10</a></p>
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		<title>By: jason</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132664</link>
		<dc:creator>jason</dc:creator>
		<pubDate>Fri, 12 Dec 2008 00:01:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132664</guid>
		<description>Interest data:

States Receiving Least in Federal Spending Per Dollar of Federal Taxes Paid:

    1. New Jersey ($0.62)
    2. Connecticut ($0.64)
    3. New Hampshire ($0.68)
    4. Nevada ($0.73)
    5. Illinois ($0.77)
    6. Minnesota ($0.77)
    7. Colorado ($0.79)
    8. Massachusetts ($0.79)
    9. California ($0.81)
    10. New York ($0.81)

http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html

Since CA is now broke I am hoping we can recoup all the excess money we have paid in supporting these states:

States Receiving Most in Federal Spending Per Dollar of Federal Taxes Paid:

    1. D.C. ($6.17)
    2. North Dakota ($2.03)
    3. New Mexico ($1.89)
    4. Mississippi ($1.84)
    5. Alaska ($1.82)
    6. West Virginia ($1.74)
    7. Montana ($1.64)
    8. Alabama ($1.61)
    9. South Dakota ($1.59)
    10. Arkansas ($1.53)</description>
		<content:encoded><![CDATA[<p>Interest data:</p>
<p>States Receiving Least in Federal Spending Per Dollar of Federal Taxes Paid:</p>
<p>    1. New Jersey ($0.62)<br />
    2. Connecticut ($0.64)<br />
    3. New Hampshire ($0.68)<br />
    4. Nevada ($0.73)<br />
    5. Illinois ($0.77)<br />
    6. Minnesota ($0.77)<br />
    7. Colorado ($0.79)<br />
    8. Massachusetts ($0.79)<br />
    9. California ($0.81)<br />
    10. New York ($0.81)</p>
<p><a href="http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html" rel="nofollow">http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html</a></p>
<p>Since CA is now broke I am hoping we can recoup all the excess money we have paid in supporting these states:</p>
<p>States Receiving Most in Federal Spending Per Dollar of Federal Taxes Paid:</p>
<p>    1. D.C. ($6.17)<br />
    2. North Dakota ($2.03)<br />
    3. New Mexico ($1.89)<br />
    4. Mississippi ($1.84)<br />
    5. Alaska ($1.82)<br />
    6. West Virginia ($1.74)<br />
    7. Montana ($1.64)<br />
    8. Alabama ($1.61)<br />
    9. South Dakota ($1.59)<br />
    10. Arkansas ($1.53)</p>
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		<title>By: ButtoMcFarty</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132633</link>
		<dc:creator>ButtoMcFarty</dc:creator>
		<pubDate>Thu, 11 Dec 2008 22:37:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132633</guid>
		<description>Oh yeah....forgot this little bundle of glad tidings....

http://newstribune.com/articles/2008/12/11/news_local/020local01reapply.txt

Nixon making state non-merit employees reapply
By DAVID A. LIEB
Associated Press Writer

Gov.-elect Jay Nixon is asking hundreds of state employees to justify their jobs or lose them.

Nixon&#039;s gubernatorial transition team has sent letters to about 600 employees whose jobs are not covered by the state merit system. The letter obtained Thursday by The Associated Press says employees must reapply for their jobs by Dec. 23 if they want a chance to keep their positions.


Now.

About that Johnny Walker Black....</description>
		<content:encoded><![CDATA[<p>Oh yeah&#8230;.forgot this little bundle of glad tidings&#8230;.</p>
<p><a href="http://newstribune.com/articles/2008/12/11/news_local/020local01reapply.txt" rel="nofollow">http://newstribune.com/articles/2008/12/11/news_local/020local01reapply.txt</a></p>
<p>Nixon making state non-merit employees reapply<br />
By DAVID A. LIEB<br />
Associated Press Writer</p>
<p>Gov.-elect Jay Nixon is asking hundreds of state employees to justify their jobs or lose them.</p>
<p>Nixon&#8217;s gubernatorial transition team has sent letters to about 600 employees whose jobs are not covered by the state merit system. The letter obtained Thursday by The Associated Press says employees must reapply for their jobs by Dec. 23 if they want a chance to keep their positions.</p>
<p>Now.</p>
<p>About that Johnny Walker Black&#8230;.</p>
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		<title>By: ButtoMcFarty</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132629</link>
		<dc:creator>ButtoMcFarty</dc:creator>
		<pubDate>Thu, 11 Dec 2008 22:33:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132629</guid>
		<description>A coworker and her hubbie are looking at buying a small farm here in Central MO. It&#039;s been on the market for 6 months and is down to $240K from the original $325K asking price. 

I told if she was patient....ie next year....she might get the place for under $200K.

Small town just south of me just lost its Office Depot (120 jobs), Fasco Inc (400 jobs), and the local university instituted a hiring freeze. 

It&#039;s going to be a long cold dark winter.

I&#039;m not a violent person....but I&#039;d pay to see Alan Greenspan, Phil Gramm, and Hank Paulson publicly drawn and quartered. I don&#039;t blame Bush....he&#039;s too simple to understand anyway. It would be like beating a puppy for pissing on the floor.

Fuck me....I need a drink.</description>
		<content:encoded><![CDATA[<p>A coworker and her hubbie are looking at buying a small farm here in Central MO. It&#8217;s been on the market for 6 months and is down to $240K from the original $325K asking price. </p>
<p>I told if she was patient&#8230;.ie next year&#8230;.she might get the place for under $200K.</p>
<p>Small town just south of me just lost its Office Depot (120 jobs), Fasco Inc (400 jobs), and the local university instituted a hiring freeze. </p>
<p>It&#8217;s going to be a long cold dark winter.</p>
<p>I&#8217;m not a violent person&#8230;.but I&#8217;d pay to see Alan Greenspan, Phil Gramm, and Hank Paulson publicly drawn and quartered. I don&#8217;t blame Bush&#8230;.he&#8217;s too simple to understand anyway. It would be like beating a puppy for pissing on the floor.</p>
<p>Fuck me&#8230;.I need a drink.</p>
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		<title>By: AGG</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132606</link>
		<dc:creator>AGG</dc:creator>
		<pubDate>Thu, 11 Dec 2008 21:35:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132606</guid>
		<description>There is an upside to all these squeezed budgets during hard times; conservative driving habits.
WASHINGTON (AP) - Federal safety officials said auto fatalities dropped almost 10 percent in 2008 through October. If the trend holds up for the year&#039;s last two months, highway deaths could reach their lowest level in the 42 years that records have been kept.

The National Highway Traffic Safety Administration said Thursday there were 31,110 auto fatalities the first 10 months of 2008. That&#039;s a 9.8 percent decline over the same period in 2007, when there were 34,502 fatalities.

So it&#039;s not all bad. And speaking from Vermont, the hahd times are not hea. We ARE watching the IBM plant in Essex Junction, though.</description>
		<content:encoded><![CDATA[<p>There is an upside to all these squeezed budgets during hard times; conservative driving habits.<br />
WASHINGTON (AP) &#8211; Federal safety officials said auto fatalities dropped almost 10 percent in 2008 through October. If the trend holds up for the year&#8217;s last two months, highway deaths could reach their lowest level in the 42 years that records have been kept.</p>
<p>The National Highway Traffic Safety Administration said Thursday there were 31,110 auto fatalities the first 10 months of 2008. That&#8217;s a 9.8 percent decline over the same period in 2007, when there were 34,502 fatalities.</p>
<p>So it&#8217;s not all bad. And speaking from Vermont, the hahd times are not hea. We ARE watching the IBM plant in Essex Junction, though.</p>
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		<title>By: Mannwich</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132572</link>
		<dc:creator>Mannwich</dc:creator>
		<pubDate>Thu, 11 Dec 2008 20:25:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132572</guid>
		<description>Kicking myself for not grabbing more SRS yesterday at ~76.  This thing going to run again.  Stupidly, I went to the gym at around the final hour of the close.  Health concerns always seem to get in the way of the important things.......</description>
		<content:encoded><![CDATA[<p>Kicking myself for not grabbing more SRS yesterday at ~76.  This thing going to run again.  Stupidly, I went to the gym at around the final hour of the close.  Health concerns always seem to get in the way of the important things&#8230;&#8230;.</p>
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		<title>By: leftback</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132566</link>
		<dc:creator>leftback</dc:creator>
		<pubDate>Thu, 11 Dec 2008 20:18:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132566</guid>
		<description>@ Bruce, quit dancing and stick to eating burgers.

SRS no resistance until 120. 
Hmm... I missed the midday move and have been pondering what to do about tomorrow.
Let&#039;s see how we close. Still stuck in the 870-905 range for now.</description>
		<content:encoded><![CDATA[<p>@ Bruce, quit dancing and stick to eating burgers.</p>
<p>SRS no resistance until 120.<br />
Hmm&#8230; I missed the midday move and have been pondering what to do about tomorrow.<br />
Let&#8217;s see how we close. Still stuck in the 870-905 range for now.</p>
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		<title>By: Todd</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132555</link>
		<dc:creator>Todd</dc:creator>
		<pubDate>Thu, 11 Dec 2008 19:21:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132555</guid>
		<description>I just wish they would get over the idea of keeping home prices up. Why pay a mortgage on a house worth less than the mortgage. When you can rent it at a considerably lessor price. The posting yesterday of an example of 3500/mo mortgage compared to 2500/mo rent for the same house. No brainer walk away and rent. Just think what freeing up all of those mortgage payments would do for the economy. That is bigger than any bailout or stimulus plan.

What has happened to the 3pm trading surge, are the hedge funds done with meeting redemptions? 

If the automakers get their deal who is next. The airlines, they didn&#039;t get one last time, but this could be different the door will be officially open.</description>
		<content:encoded><![CDATA[<p>I just wish they would get over the idea of keeping home prices up. Why pay a mortgage on a house worth less than the mortgage. When you can rent it at a considerably lessor price. The posting yesterday of an example of 3500/mo mortgage compared to 2500/mo rent for the same house. No brainer walk away and rent. Just think what freeing up all of those mortgage payments would do for the economy. That is bigger than any bailout or stimulus plan.</p>
<p>What has happened to the 3pm trading surge, are the hedge funds done with meeting redemptions? </p>
<p>If the automakers get their deal who is next. The airlines, they didn&#8217;t get one last time, but this could be different the door will be officially open.</p>
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		<title>By: Bruce N Tennessee</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132549</link>
		<dc:creator>Bruce N Tennessee</dc:creator>
		<pubDate>Thu, 11 Dec 2008 19:05:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132549</guid>
		<description>I took typing in high school, just because I thought I might use it someday...if the typing teacher hadn&#039;t thought the world of the girl I was dating, she&#039;d have flunked me..no kidding.  I still type like I dance...(um, not very well..)</description>
		<content:encoded><![CDATA[<p>I took typing in high school, just because I thought I might use it someday&#8230;if the typing teacher hadn&#8217;t thought the world of the girl I was dating, she&#8217;d have flunked me..no kidding.  I still type like I dance&#8230;(um, not very well..)</p>
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		<title>By: Bruce N Tennessee</title>
		<link>http://www.ritholtz.com/blog/2008/12/foreclosures-rise-28/comment-page-1/#comment-132546</link>
		<dc:creator>Bruce N Tennessee</dc:creator>
		<pubDate>Thu, 11 Dec 2008 19:00:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=12643#comment-132546</guid>
		<description>to me, not to mean...</description>
		<content:encoded><![CDATA[<p>to me, not to mean&#8230;</p>
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