P.I.D. Radio 10/20/10: Two Tens For a Five


THE MORTGAGE foreclosure scandal is taking on epic proportions: the New York Federal Reserve Bank has joined a consortium that’s pressuring Bank of America to buy back bad mortgages that were packaged into $47 billion worth of bonds sold by Countrywide Mortgage, now a part of BoA.  Meanwhile, Bank of America has sued the FDIC over alleged fraud by a failed lender that BoA says double and triple-pledged mortgages on Mortgage Backed Securities.

How does this all play out? We have no idea, but it doesn’t look good.  Abbot and Costello illustrate how this whole thing happened in the first place.

Also: a look back at the Pied Piper of Hamelin.

4 comments on “P.I.D. Radio 10/20/10: Two Tens For a Five

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  2. Eric

    lyrics from ‘Stairway to Heaven’…note the references to the piper. it is also noteworthy that the piper/pan is cloven-hooved. the ergot phenom is interesting. the may day celebrations were influenced by the unwitting ingestion of ergot laced grain. ergot is a mold the appears on warehoused grain. supposedly the townspeople were unaware of the source of their intoxication.

    And it’s whispered that soon
    If we all call the tune
    Then the piper will lead us to reason

    And a new day will dawn
    For those who stand long
    And the forests will
    Echo with laughter

    And it makes me wonder

    Oh, whoa, whoa, whoa, whoa, ooh, whoa, oh

    If there’s a bustle in your hedgerow
    Don’t be alarmed now
    It’s just a spring clean
    For the May-queen

    Yes, there are two paths you can go by
    But in the long run
    There’s still time to change
    The road you’re on

    And it makes me wonder

    Aw, uh, oh

    Your head is humming and it won’t go
    In case you don’t know
    The piper’s calling you to join him

  3. Robert Walker

    The reports detail 109,032 deaths in Iraq, comprised of 66,081
    ‘civilians’; 23,984 ‘enemy’ (those labeled as insurgents); 15,196 ‘host
    nation’ (Iraqi government forces) and 3,771 ‘friendly’ (coalition
    forces). The majority of the deaths (66,000, over 60%) of these are
    civilian deaths.That is 31 civilians dying every day during the six
    year period.

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