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April 10, 2008

Washington Mutual to close?

A good friend of mine is in the banking/mortgage industry and sent me the following information:

Just a Heads Up !!!!

So we had our year end meeting with attorneys, investors, brokers, and our bankers just last week, and wrapped up today.

One of the things that stuck in my head from these meetings that I thought I would pass on to you all is:  As you all know the market is NOT at its best and will be getting even worse before getting any better.

Three Big mortgages banks and/or online firms have just gone under.  Due to bad mortgages, home loans, home equity loans & lines of credit, Washington Mutual will be closing out in 6 months or so. It may be taken over by other banks; the future is unclear at this point.

The big banks now will be B of A, Wells Fargo, City Bank, and Union Bank of California. ING Direct is still going strong and will be as told by our investor’s and banker’s. (We bank with 5 banks. Our stocks are held at Smith & Barney. Didn’t want you all to think we received this information from just one person in the industry.)

Use this information as you wish, the best thing for you to do now is to start looking into other banking institutes.

Good Luck!

I know how hard it is to deal with a bank being closed by the FDIC due to the massive defaulting of mortgages. I speak from the experience of having my former bank Netbank close in such a fashion. It’s a shock and while yes you’re insured by the FDIC to 100k, it’s hardly a consolation when you go to log on and see a public service announcement that your bank has been closed. While you might in time get to take your money out of the bank and/or gain your insurance money back, on the whole the experience is not one I’d recommend. It might behoove you to open up a second checking account in another bank outside of Washington Mutual as an additional backup.

I thought I’d pass this along to everyone, with the banking and mortgage industry being as volatile as it is at the moment, it might be beneficial to you, my savvy reader to look into the performance of WaMu as your bank.


Filed under: Money Matters by Kat at 12:48 pm

April 9, 2008

Grand Jury Report of the Orange County Jail System

After reading the Grand Juries report on the Orange County Jail system, I sit back and wonder why that the issues the Orange County Sheriffs Office are facing were not dealt with as they happened. Why did it take the unfortunate death of a prisoner and the subsequent grand jury findings to bring to light the major issues that are happening within this jail system? Why was this not handled by the interim Sheriff LONG before it got to the point where he is now doing damage control and trying to explain his lack of action. I believe that putting people on administrative leave was a knee jerk reaction and in response to the Grand Jury’s findings. It’s just too little to late. It should never have taken the death of someone to spur the interim Sheriff into action, for that I say Shame on you Interim Sheriff Anderson, for not listening to your deputies, and opening your eyes beyond what you chose to see.

In each jail they have an administrative staff, who are responsible for overseeing the jails operations. So I have to ask why is it that when someone voices a concern, the administration will shelve the issue and not address and correct it at the time. With the Grand Jury finding that deputies are using their time to chat online, text message, sleep and watch television while not doing their job and putting both other guards and prisoners at risk, why is it the jail administrators have not reprimanded those who are not doing their jobs? You can not tell me that there have not been deputies who have voiced concerns with the jail system, only to be reprimanded or transferred because the administrators of a particular jail do not want to face the facts, perhaps the administrators should stop burring their heads in the preverbal sand, they should listen to those who are walking the jail beat, otherwise how can they have a true vision of what is going on down in the jail trenches.

When you work in the private sector, if you are found misusing the companies’ funds, equipment, or sleeping while you should be working, you are sure to find yourself OUT of a job. Then why is it ok for those deputies to be as we would term it LAZY. Is it because they feel that due to their time on they should be allowed to sit back and just collect a paycheck? The sad thing is those who are being lazy and not doing their jobs just don’t care, they are getting paid and that’s all that matters. It gives those deputies who do work hard at their jobs a bad name and reputation. People this is your tax dollar at work.

It was common knowledge through the law enforcement community that the former Sheriff Mike Carona was a substandard sheriff, with little or no regard for those who worked under him to uphold the law. It’s also well known that Interim Sheriff Anderson was one of Former Sheriff Carona’s “Golden Children”, a hand picked lackey put into place because he did his job by being a yes man. Now that Carona is no longer Sheriff, the interim Sheriff has his plate full, hopefully he will become proactive and face the issues at hand instead of letting them fester to the point where another person is hurt.

IF you want change then it should start from the top with someone who actually listens to what the people in his department are saying, someone who will be proactive in his approach of dealing with the jail system. Yes we all know change takes time, but the question then is how many more have to die before the interim sheriff actually steps up, stepping up when the cameras are on does no one any good nor does it bring back the lives lost in the jails that ultimately he is responsible for.

A new fulltime sheriff would be a good beginning, change will not happen until something is done there. The interim Sheriff can talk tough to the media all he want, he can try and establish policies, but those who work under him will not take as much heed to changes made as they would to someone who’s going to be with them long term.

In the orange county register I was reading through an article regarding the death of inmate at the Santa Ana jail and was surprised to see the reporter compare the Orange County Jail System with that of the Los Angeles County Jail System. No jail system is free of flaws, however it’s the handling of issues and the willingness to see what is going on by the upper echelon that makes a jail system what it is. It is regretful that people have to lose their lives in jail, however while we hear what the news has to say about the current situation, where were they as trouble happened, did they report it or do they just sit back, only to glamorize and sensationalize the current going ons.

I agree that there needs to be change in the Orange County Jail System, but instead of punishing those who actually care about their jobs and the welfare of the prisoners they deal with daily, administration should listen when deputies voice their concerns to superiors and address them, not sweep them under the rug until such time as something as sad as a death occurs. Until those who are running the jail system, actually do their job, there will be no change in sight.

Filed under: Politics,Rants by Kat at 8:21 pm

April 8, 2008

Behaviors of children in today’s society

[In response to discussion regarding the behaviors of children in today’s society. The discussion was spurred by the article involving the group of 3rd grade children that had conspired to attack their teacher.]

It’s a simple matter of a balance of fear, and repercussions….kids today have nothing to fear anymore.

Look at it objectively…kids can literally get away with murder. They can divorce their parents, or call protective services any time they don’t get dessert with dinner, and it’s the parents that get grilled. Even if they figure out it was the kid at fault, what really can they do to them? Nada, and the kids know this.

Kids also know that they can not only disobey, disrespect, and ignore their teachers, but they can also threaten and attack them, as the teachers cannot do anything to them, nor can they protect themselves for fear of litigation. Kids figured that out a long time ago, folks.

Kids aren’t afraid of anything anymore, because they know there really isn’t any repercussion for what they do. Adults, however, have to live in the constant fear of litigation, potential legal punishment, public scorn, should they do ANYthing to get the kids back into line.

Kids aren’t even afraid of law enforcement anymore because they know the justice system will take the “precious little angles that just need love” approach and they’ll get off with less than a slap on the hand.

Kids KNOW that the counseling and psychiatric community have imposed their “delicate little snowflake” mentality on everyone, so much so that everyone is afraid of wounding their inner child. *NEWSFLASH*……they don’t have an inner child yet, because they are still children themselves! Protecting an abstract concept in favor of properly guiding, disciplining, and teaching a child is abject nonsense.

The simple fact is that children learn and grow through testing boundaries, and this country has all but eliminated them. Yet, people are shocked when kids act out like this, thinking it must be something in the water. It isn’t…’s an amalgamation of things:

-The misinterpretation that children must be coddled at all costs as if they’re somehow the next savior….they aren’t…..they crap their pants, eat their boogers, play in mud, and generally act like idiots just like we did when we were kids. We’re animals’ folks…with higher cognitive capabilities, but animals, nonetheless.

– A legal system that has effectively taken away the ability of a parent to discipline or rein their children in when they need it, and have provided no substitute in exchange. Oh, and before anyone out there suggests that I’m all about beating the hell out of a child….stow it…I’m not saying take a bat to a kid….but I’m sure as hell saying that children can be taught that there is a price to be paid for behavior that’s over the line. A spanked ass is just that….a spanked ass…people that make it out to be more than it is are simpering turds. I have yet to find the human being that has suffered deep emotional scarring due to a spanking…not a beating….a spanking.

– An educational system that has gelded its instructors to the point that they fear for their lives. I won’t digress into the “when I was a kid” speech, but there was a time when teachers had the authority to handle a situation, and didn’t have to fear litigation or dismissal after the fact if it was warranted. Granted, there are always those examples of teachers that go too far…beating a child with an umbrella, for example…is inexcusable. I will add an exception to this area. If a child has taken it upon themselves to attack a teacher, then I say “game on”. No human being has the right to attack another one, regardless of age, and if the victim of the attack has the means to defend themselves, then they should. Teachers idly standing by while a student throws a desk at them, flies in the face of natural selection. If I were the instructor, and had a desk hurled my way, that kid would be knocked on his ass…and the legal, media, psychological, and educational communities should applaud their teachers for defending themselves, instead of punishing them for potentially upsetting the ‘delicate little snowflake’. If a kid can’t respect his fellow students enough to allow them to learn, and try to learn themselves, then a teacher should have every right to kick them out of class until they straighten up. Teachers shouldn’t be held hostage because they’re afraid of insulting the parents by sending little Bobby home. People actually have the gall to wonder why there aren’t enough qualified teachers out there anymore….who the hell would want the job? We take a motivated, driven, young teacher, and then place the equivalent of a gag and handcuffs on them, and tell them to go forth and make a difference….we’re a nation of retards.

– Educational standards need to be reexamined and raised back up to the point that schools actually produce contributing members of society. The constant lowering of passing scores to artificially inflate the graduation rate of schools in this country is a disservice to everyone….EVERYONE. If little Bobby can’t pass an exam, then little Bobby needs to study harder, have his parents help him more, ASK for help from his teacher whom he’s supposed to respect, not attack…and after all that, if Bobby still can’t pass, he should be held back until he can, not pressed through hoping society will somehow absorb his dumb ass. Schools need to have the balls to be able to tell parents once more that little Bobby is a dumb ass if that actually is the case. They don’t need to sugarcoat it and say that he’s “minimally exceptional”, so as to delude the parents into thinking that their kid is going to be the next Stephen Hawking. If you don’t believe any of this, look around you…..we have a president that can’t pronounce words of the English language properly…so much so, he’s known for making them up from time to time. To borrow a concept from another post here, we have a nation full of “id” based morons that have guided society into believing that socially unacceptable behavior is cool, and being stupid is just hunky dory.

Yes….I’m angry about all of this. Not only do I have to watch most of general society disintegrate this way, but I also get to watch my own extended family go down the same path. I have step-nieces and nephews that are in their teens that feel they know everything, so they don’t need school anymore, don’t need their parents anymore, and have decided to move in with whatever ‘tard they’re currently humping. I have friends that have had to pull their kids from school and home school them because the district they live in now teaches some form of math that has no wrong answers. 2+2 no longer just equals 4, but it can also equal 3 sticks and an apple, 2 caterpillars and a flower, or any other combination thereof. Hell, they even get half credit if they made ANY attempt whatsoever. Gotta make sure the kids pass, even if they don’t know ANYTHING.

Until there is a major sociological shift in this country that returns to more objective thinking, and the use of common sense (God forbid)…we will continue to produce uncontrollable, self absorbed, ignorant, retards that will eventually run everything as they will be the majority.

I swear, it’s only 7am, and I’m already as annoyed as I can get today. I don’t think there is enough caffeine in the vending machine to send me into a stimulant based euphoria to get me through the day.

(Authored by Tim – he has been on a roll as of late ~Kat)

Filed under: Rants by Kat at 7:00 pm
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