IWA For Sunday 081510

Times are tough out there.

Hey folks,

You know how Obama and Crew, and the MMD, keep telling us how great the Recovery is going? The Evidence and the FACTS show the exact opposite. But there they are. Spewing out BS that some dutifully, mindlessly, accept and believe. THERE IS NO RECOVERY. Not slow, modest, or otherwise. Obama IS, YES, OBAMA, not Bush, IS destroying the Economy. Some say on purpose, which I'm not sure how else to see it myself, to further INSANE Left Wing KOOK, Socialist, agendas.

Everyone knows what got us here. Fannie and Freddie. EVERYONE understands that it was the Sub Prime Mortgages mess that put us near the Brink. It was THEIR BAILOUT, that started us on this road. If we just let them fail, those that had no business buying the house they bought, would have lost it, and others would have stepped up to fill the gap.

Instead, we threw them BILLIONS, which they paid out in BONUSES, and NOW are asking for MORE. Then Obama comes it and drives us right over the cliff. But fret not out there folks. Just because you are STILL un, or under, employed, just because YOU and somewhere around 16 percent of the Population of the United States can't get work, the Economy is on the road to recovery. Yes folks. Do not be fooled by Reality. Obama says all is going slowly but well.

If you are losing your Home? Well, here IS some good news. You are not alone. According to the Philadelphia Inquirer - Philadelphia Housing Authority chief Carl Greene facing foreclosure By Jennifer Lin Inquirer Staff Writer

The mortgage foreclosure crisis has claimed an unlikely victim: Carl R. Greene, executive director of the Philadelphia Housing Authority (PHA).

Wells Fargo Bank has foreclosed on Greene's $615,035 condominium in the upscale Naval Square development in the city's Schuylkill section.

In a lawsuit filed July 27, Wells Fargo said the amount in dispute was $386,685.22.

Greene, 53, runs the nation's fourth-largest public housing agency and is one of the highest-paid public officials in the city. His salary is $306,370, and last year he got a $44,188 bonus.

Yup. You read that correctly. A salary of $306,370, and last year he got a $44,188 bonus. Bonus for WHAT?

Kirk Dorn, a spokesman for Greene, confirmed Thursday that the housing chief was "involved in a dispute with his mortgage company."

"It's unfortunate that the dispute is now public, but he plans to deal with the matter in private," Dorn said.

Dorn added that Greene "knows people will find it hard to understand how he could be involved in a possible foreclosure proceeding on his home, but he would prefer not to say more about it at this time."

So he will not even discuss it. Probably on the phone with Obama asking for a bailout. Too busy.

Greene bought his three-bedroom, 2,100-square-foot condo in 2007. Wells Fargo is not seeking to evict him.

What? Why not. You know as well as I, that you or I, would be out on our ear.

Like any other Philadelphia homeowner threatened with losing a house, Greene will have to participate in the city's mortgage-foreclosure program. He is scheduled to appear Sept. 16 in the courtroom of Judge Annette Rizzo.

PHA, a state authority, is funded mostly by the U.S. Department of Housing and Urban Development and is responsible for providing housing for Philadelphia's poor. It maintains rowhouses and apartments for low-income residents and develops affordable housing for purchase.

Greene took over PHA in 1998, after serving as executive director of the Detroit Housing Commission. He also worked for housing authorities in Atlanta and Washington.

Under Greene, PHA has aggressively eliminated outdated public-housing projects that concentrated families in fortresslike structures. Instead, the agency has developed low-rise communities with a mix of rental units and affordable homes for purchase. The developments often helped transform neighborhoods, such as the Hawthorne section of South Philadelphia.

So you see. He is a Liberal, and he has done so much good for the Poor. So this little thing? Never mind. He should be applauded for all the wonderful work he has done. Forget the $386,685.22. Even though, last year, with the Bonus, he made $350,588, which would just be $36,097.22 left owed, Wells Fargo Bank should just forgive his dept. He has such good intentions. Look, this piece goes on to talk about how good he is.

Greene has drawn praise for his results in building housing and reviving neighborhoods and criticism for his sometimes combative, forceful style. During the administration of President George W. Bush, Greene sued HUD and accused the agency of punishing PHA for not giving land to the politically connected Philadelphia music producer and developer Kenny Gamble. The case was resolved out of court.

With the Obama administration, Greene has drawn attention and accolades from HUD for quickly putting to use economic-recovery money. In the last two years, PHA has received an additional $127 million in stimulus money that Greene has used to build or renovate 1,200 housing units.

{Laughing} Folks, this is one of those, "OK. It's out there. Damn it. We have to report it. But, make sure you portray him in the best light possible." things. Truth is, how much do YOU make? What is YOUR Mortgage? DO you owe just a bit over your Yearly Salary? Was your Mortgage just a little over TWO of your Yearly Salaries? How about that Bonus you got last year?

Congratulations Carl Greene. You ARE the Idiot of the Week. If you REALLY could not afford it, which seems pretty clear you CAN, you should have never gotten the home to begin with. YOU Sir are the main reason we are in this Economic Crisis to begin with. People JUST LIKE YOU. But then again, like I said, the numbers do not lie, you CAN afford it. So why are you NOT paying it? Either way, your free ride needs to end.
Peter

Sources:
Philadelphia Inquirer - Philadelphia Housing Authority chief Carl Greene facing foreclosure