inkbluesky

weekend bunnies 

Saudi Arabia Arrests 57 Men For Flirting, Dancing At Mall

Saudi Arabia began interrogating 57 men Saturday who were arrested for flirting with women in front of a shopping mall in the holy city of Mecca, a local newspaper reported.

I told them to do it like we do in America. Stay in the car, whistle and make cat calls, but no they had to do it their way. And I still want to know who brought the tape of Frank Sinatra singing I Did My Way.

ballinskelligs bay ireland 

“From the New Deal, a Way Out of a Mess”

The HOLC was established in June 1933 to help distressed families avert foreclosures by replacing mortgages that were in or near default with new ones that homeowners could afford. It did so by buying old mortgages from banks … and then issuing new loans to homeowners. The HOLC financed itself by borrowing from capital markets and the Treasury.

Like many of the FDR era programs HOLC was remarkably successful. They helped the people whose mortgages they bought with debt counseling and even with some defaults the program closed down in 1951 having made a profit. One commenter on this story says to wait, housing prices will adjust downward – the usual let the market decide BS. One wonders if that commenter has enough room at his house, while we wait for the market to decide for all the families that are losing their homes.