MY FIRST TIMES

ALL YOUR FIRST TIMES........TELL THE TRUTH......ONCE TAGGED, MUST ANSWER....GO!!!

1.Who was your FIRST date?
Ciera


2. Do you still talk to your FIRST love?
Sure did.

3. What was your FIRST alcoholic drink?
RED STRIPE BEAR

4. What was your FIRST job?
AT MY COUSINS CAR DEALERSHIP


5. What was your FIRST car?
NISSAN MAXIMA

6. Who was the FIRST person to text you today?
1800 FLOWERS-HATE THOSE PPL

7. Who is the FIRST person you thought of this morning?
MY FRIEND CIERA SHE WAS ON HER WAY TO NEW YORK

8. Who was your FIRST grade teacher?
Mrs JACOBS

9. Where did you go on your FIRST ride on an airplane?
PANAMA CITY

10. Who was your FIRST best friend and are you still friends with them?
NICHOLAS ... yes we are still friends

11. What was your FIRST sport played?
TABLE TENNIS

12. Where was your FIRST sleep over?
NEVER HAD ONE.


13. Who was the FIRST person you talked to today?
MY MOM

14. Whose wedding were you in the FIRST time?
MY MOM

15. What was the FIRST thing you did this morning?
REPLY TO COMMENT

16. What was the FIRST concert you ever went to?
Christmas Concert

17. FIRST tattoo, piercing?
none of the above and don't want it.

18. FIRST foreign country you went to?
Panama

19. What was your FIRST run in with the law?
Recently when i was driving with no head lights.

20. When was your FIRST detention?
Grade 7

21. What was the FIRST state you lived in?
New York-Lived in London But that not a state so!

22. Who was the FIRST person to break your heart?
Casha

23. Who was your FIRST roommate?
Garey

24. Where did you go on your FIRST limo ride?
My Aunts wedding

25.who was your fist blog crush?
ummm I cant say take a guess

26. Who will be the FIRST to re post this?
you.

Is that a picture of you?

yes it is at Club Hollywood(Restaurant) in NEW YORK CITY


This made me laugh hope it does the same to you. Have a great day

Bernie Madoff

So it's said that he will be pleading guilty on Thursday of this week on 11 counts. What was initially labeled as a 50B dollar pansy scheme is now at a whopping 65B dollars. As any smart man would have done he is planning on going down as a one man boat sinking like the titanic with a rich history. However his effort may prove to be futile because his who family were working in this business of his. So the question will be left hanging, did he act alone? And if so how could he have done it?

His two sons, wife and brother is namely the most names being mention but in my belief there are allot more involve, but if he can take the censure them that’s good. But his wife will still have to prove how she came by 61M in her account, if she can prove this then there will be no problem for her, however I doubt she can.

For the victims all I could suggest is to start all over, because chances are you will not be receiving one dollar from what ever they will be able to recoup, this is a very hard news to digest but its just the fact, for all those who are of age and that were thier pension them sorry you took a gamble and you lost.

The value of this scheme to me is not even 50M, if you take into consideration they way this business was operated, it was said that they were being paid 12% interest on their investment. Well if you ask me that’s a whole lot to be gaining, being that that was a false statement I think the value should be set at original investment, meaning the money people put in, them we have to take into consideration the money they also took out, but all in all we have to totally eliminate the interest in order to get the true value of this scheme. If that’s not good enough them they could give they scheme a reasonable rate of return, them calculate and income times the interest rate.

Political ties

Have you seen the laundry list of donations he has made to DEMOCRATS?
Since 1991, Bernard L. Madoff Investment Securities spent $372,100 in campaign contributions – mostly to Democrats – and $590,000 in lobbying – mostly to the firm of Arlington, Va.-based Lent, Scrivner & Roth, which has represented oil, telecom and pharmaceutical companies. Among issues lobbied on Madoff’s behalf, according to lobbying records: money from Interior, National Park Service, and housing appropriations for a “tenement museum” on the lower east side of New York City.
The Democratic Senatorial Campaign Committee received $100,000 in donations from Madoff during the past four years. Sen. Chuck Schumer, who headed the DSCC until stepping down this year, separately has received $39,000 from Madoff since 1998.
Sen. Frank Lautenberg received a $7,600 donation from Madoff to his Victory Fund in 2007 --

Other Democrats who received Madoff money include Jeff Merkley, the incoming Oregon Senator, who took in $2,300 in donations this past April; Ron Wyden, the Oregon incumbent, who received $4,000 in donations in March 2003; Dick Gephardt, the former Speaker of the House, who got a check for $2,000; and Rep. Ed Markey, who was sent two checks of $2,000 each in June 2004.

Peter Madoff, Bernard's brother, was even more lavish with his contributions, spending more than $66,000 on candidates and committees in the past decade, including to Sens. Hillary Clinton ($2,300 in 2008, $4,600 in 2007), Chuck Schumer ($6,000 in total) and Ron Wyden.

These(including family) guys were not only robbing people of their life savings,they were also using this money to buy political backing. Well sorry guy the economic crisis exposed you. I know you must be going to sleep cursing this recession that we are in, because if it were not for it and people had a run on your bank/their investment house you would have bin still collecting and living a lavish life style on the upper east side.

ONE MAN'S LOST IS ANOTHER MEN’S GAIN

The housing auction in New York


So last night I was home watching CNN and saw that there was a home auction I was so pissed not be informed. Houses were going for at least 225k which is very cheap by New York a standard which is normally 350+.

Being New York you know it wouldn’t have been such a smooth sailing boat right? Well it was not; outside the building were protestors with placards and posters
The auction was only the second New York City sale run by Irvine, Calif.-based Real Estate Disposition Corp., or REDC.

"We don't see as many properties going to foreclosure or being sold in New York City as we do in other parts of the country that have been hit a lot harder," said company chairman Robert Friedman. "It just seems like other areas were overbuilt more." By this he mean that too many houses we build and not enough home buyers are available, for r example Florida they though allot of people were going retire ad move there, and that did not happen, you have more retired going back to work.

About 1,000 people attended the auction at the Jacob K. Javits Convention Center, and more bid online. A fast-talking auctioneer described some homes as fixer-uppers with problems including mold, water damage and vandalism.

The sale featured more than 350 condos, single-family houses and duplexes in the New York metropolitan area and Pennsylvania. Out of which there were only 22 in New York City area which for me include the five borough (Bronx, Brooklyn, Queens, Staten Island and Manhattan and I will add Long Island even though it’s not a borough)

A handful of protesters picketed in front of the Javits Center, chanting "Evictions are a crime! It could be your house next time! This is really funny to me at first, not their cry but the line they were using. "These folks are profiting off the people's misery." But REDC spokesman Rick Weinberg said the auctions help stimulate the economy by putting people in vacant houses.
"Their problem is with the foreclosure crisis in general," Weinberg said. "We are part of the solution, not the problem. Which I totally agree with, hey if you loose your house it makes no sense it stay a rot, because it will not be given back to you

Tami Burgess paid $340,000 for a house in Yonkers that she said she'd had her eye on since last October. I would be happy also that’s a great price.
"I'm excited," she said. "I have a lot of work to do on the house." Ed Bates paid just $115,000 for a house in Nyack. He felt no qualm about buying a foreclosed home.

"It's really not taking someone's home for the simple reason that it's vacant," he said. "If somebody was in there and I had to get them out, chances are I wouldn't have purchased the house. I feel sad for them, but still, that's the way the world is.

Listen I don’t feel sorry for them at that point of the auction not because you loose your house, mean that I should not buy them. I am sorry for you is the most I can’t say but your loss so happen to be my gain.

I am looking in Florida for houses and I think I will attend the auction there or the one in Georgia. I would like to know of good area in these places because I have not clue about the south. Thanks much

The Housing Bill

To my understanding this bill sets out to help people who are so called under water, sound so much like a great idea to me, Mortgage rates at near-record lows could make payments more manageable for homeowners trapped by falling prices. Though many of these owners are current on their payments, plummeting prices have kept them underwater. Homeowners whose mortgages were bought or guaranteed by Fannie Mae or Freddie Mac typically need equity of at least 20% to refinance. Obama's program would change that requirement, allowing even those who owe up to 105% of their home's value to refinance.
An example of the potential savings: A family took out a 30-year fixed-rate mortgage of $207,000 at 6.5% on a house worth $260,000 at the time of purchase. Today, that family has about $200,000 remaining on its mortgage, but the value of that home has fallen to $221,000, keeping the owners below the 20% threshold and leaving them ineligible to refinance. Under the Obama program, that family could refinance to a rate near 5.16%, reducing annual payments by more than $2,300.


Allot of us may say they don’t find it fit that they have help to bailout people who purchased houses they knew they could not afford for example the buss driver who purchased a 800K house. They media have used this lady’s case as an example so many times which I totally don’t think its fare, ok yes the lady is a buss driver, and her husband is a construction worker.

If they were two accountants this would have not been a big deal, but just because of their job description they are being used as examples, just a quick reminder that constructions worker make allot more than the average college graduate with a bachelors degree that’s something that I know. These people did not ask for help they never did however they are the center of this big controversy. Sorry to go off track but I had to say that.


Do I like the housing bail out?

Anything that is more than nothing works for me right now, allot of people are going crazy talking about how they don’t think that they should bail out people who made the bad choice to purchase houses they cant afford. What I think is every one should get a bail out, those people who made bad choices pays taxes just like you, and it’s the tax dollars that will be used to repay china these loans. So it would not be fare in my view to bail those out who made the right choice but still are under water and leave those out who made bad choices.

Leaving those who made bad choices has repercussions, the whole idea of this bill is to stop the rate of foreclosure because when this happen it devalues the other properties in the neighborhood, which will put homeowner even more under water as there will be no or little equity in their homes. So to those who think they should not be bailed out, this is one reason I think they should, if you have say 20 houses in a housing complex and five of those houses were purchased by people who could not afford it, and the other 15 was well qualified buyers. The qualified buyers loose equity and the government bails them out leaving the remaining 5 to work that out on their own, what will happen is that those five houses will be foreclosed on, which will intern have a very bad impact of the values of the remaining 15 homes, because now you have gotten your mortgage refinance rate at say 5. % from the 6.5% you have it before the bail out, now the house starts to loose value once more, so you’re underwater again. Why? Simple due to the fact that the bad loans were not bailed out foreclosure takes places, the community as a whole looses value.

I know allot of people wont agree with me on this but its simple how I see it, I really want to hear you guys assessment of this bill? I wish I had time to really write more, but I am at work don’t want to get fired.

Snow Storm In New York

I am sorry i have not written in a very very long time but i do have allot to say,but its really hectic for me these day i usually write most of my blogs at work, but with the rate at which people are disappearing at my job i try my best to keep it clean cut. however i have some pictures and little video i want to share with you guys from the Snow Storm in New York recently.

I will however resume blogging about thing such as the New housing bill and others very soon.

Republican + conservative * 8 = failure

For eight long years the Republican Party was in office and had the opportunity to make this country a better place, they instead created this disaster we in facing as I speak. Fist of all we had the most incompetent president in all presidential history, the guy could not even make a good speech.

What really sickened me, is that now that they are out of office they seemed to be the most genius that ever lived, the are high on the critics meter, every single proposal that the democratic party proposed they oppose it, I know this one of their role as the opposition but come on, don’t they see that they did not do the job with 8 years, why don’t they just give this guy the chance and the support to clean up their nasty mess they created.

Do I support everything Obama and the Democrats do? No I don’t, do I have a better plan to propose? No I don’t, so I don’t oppose it al all. this is simple how I see it, if there is a plan on the table and you don’t have one that’s better keep your mouth shut, how are you going to oppose something and you don’t have one simple idea of making a better plan?

The Republicans believe we can’t spend out way out of this crisis, they believe that tax cuts is the answer, listen guys you were there for eight years and gave tax cuts to the wealthy and it simple did not work, along with your market driven economy with no oversight. Give this guys a break allow him to try another way because your way had failed miserable.

This lack of oversight allowed the mortgage companies and the banks to cook up this big mortgages pot of uncertainty and sold it to homeowners who solely believe in what they were told by the bankers and real estate agents. Yes sir you could pay it with this income, you need to take this type of loan with money back, 100% finance including closing cost and lawyer fees. As a perspective homeowner with all these offers before you, what would you do?

This new housing plan that Obama has rolled out as complex as it is, I am not in total support of it. I genuinely believe there are some homeowners who believe in what they we told, and base on that they solely made the decision to buy a house. He stated they the plan will not cover those who knew they could not afford the houses they purchase, and still went ahead and purchased it.

For this I am really saddened, I think it should be a shared blame, educating consumers should be critical part of this plan so as to avoid these problems in the future, when this is left up to the market like it was they will take advantage of the consumers. The banks that made the loans to these individuals knowing that base on their income they could not afford the house should be 100% responsible. This is unfair business practice.

Therefore in my perspective the plan should help those individuals, I agree with the fact that the banks wont be able to recover those bad loans, but please that’s just PR speech, we all know that the banks will write off those assets as well, how are you going to allow the banks to write off assess excluding the bad loans’? Please Mr. Obama what I see happening is the people loosing and the banks being bailed out for creating the problem.

I don’t know if I am crazy one, to se looking at it this way, so I am asking for you guys opinions?

Out of it!

I have not written in a very long time maybe a few days, its not that I am lost for thought, but I just cant seem to get it together.

I hope you all had a great valentine and is keeping well.

I think I am on the verge of loosing my job, our company is really going through financial hardship being one of the person who knows the finances of the firm, its more daunting on me.

so I am wondering if I loose my job what the hell would I do with all my spare time, I hate not moving and using my brain I rather to work for free than sit at home, it really kills me to be home.

The only debt I have is my student loan, so that's the only thing I would be wondering about if this happens, I don't have credit card bills because I really don't abuse credit.

I Have never used this function of uploading a picture to the blog, so I tried this with a picture of me.