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	Comments on: Municipal Bankruptcy Stalks Stockton	</title>
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		<title>
		By: Bail Bonds Stockton Ca &#124; ---------------------		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-150197</link>

		<dc:creator><![CDATA[Bail Bonds Stockton Ca &#124; ---------------------]]></dc:creator>
		<pubDate>Wed, 05 Aug 2020 16:08:27 +0000</pubDate>
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		<title>
		By: Bail Bonds San Diego Ca &#124; ---------------------		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-150184</link>

		<dc:creator><![CDATA[Bail Bonds San Diego Ca &#124; ---------------------]]></dc:creator>
		<pubDate>Mon, 03 Aug 2020 20:37:03 +0000</pubDate>
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		<title>
		By: Tough Love		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15322</link>

		<dc:creator><![CDATA[Tough Love]]></dc:creator>
		<pubDate>Wed, 29 Feb 2012 01:28:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15322</guid>

					<description><![CDATA[Quoting TheBeachBum ...&quot;Those few of us still working and paying taxes haven’t a chance.&quot;

Sure you do.  Move (out of State), and leave CA to the indigent and to the Civil Servant workers.

Think about it .... it&#039;s called payback for their greed.]]></description>
			<content:encoded><![CDATA[<p>Quoting TheBeachBum &#8230;&#8221;Those few of us still working and paying taxes haven’t a chance.&#8221;</p>
<p>Sure you do.  Move (out of State), and leave CA to the indigent and to the Civil Servant workers.</p>
<p>Think about it &#8230;. it&#8217;s called payback for their greed.</p>
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		<title>
		By: TheBeachBum		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15321</link>

		<dc:creator><![CDATA[TheBeachBum]]></dc:creator>
		<pubDate>Tue, 28 Feb 2012 23:14:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15321</guid>

					<description><![CDATA[City by City continues to fall into BK, while the public sector unions and the politicians who created this catastrophic failure claim the cause as elsewhere (wall street, banking, speculation, etc.). The truth is, California has the highest paid public sector workers in the nation, the highest overall taxes in the nation and one of the highest debt ratios in the nation. The problem is that the very same unions and politicians that put us here are still in charge, so it will never be addressed while the agenda of California’s union-controlled state politicians is to do whatever they can to increase the amount of tax revenue flowing into the government, and increase the amount of dues revenue flowing into the coffers of government worker unions. Those few of us still working and paying taxes haven&#039;t a chance.]]></description>
			<content:encoded><![CDATA[<p>City by City continues to fall into BK, while the public sector unions and the politicians who created this catastrophic failure claim the cause as elsewhere (wall street, banking, speculation, etc.). The truth is, California has the highest paid public sector workers in the nation, the highest overall taxes in the nation and one of the highest debt ratios in the nation. The problem is that the very same unions and politicians that put us here are still in charge, so it will never be addressed while the agenda of California’s union-controlled state politicians is to do whatever they can to increase the amount of tax revenue flowing into the government, and increase the amount of dues revenue flowing into the coffers of government worker unions. Those few of us still working and paying taxes haven&#8217;t a chance.</p>
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		<title>
		By: Bob		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15320</link>

		<dc:creator><![CDATA[Bob]]></dc:creator>
		<pubDate>Tue, 28 Feb 2012 16:11:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15320</guid>

					<description><![CDATA[So Mr. Bub, how are things going for you today in Southern Colliefornia?  Any Ahnode sitings?

&lt;i&gt;There will come a day when they’re going to have to decide whether to cut services or to cut these obscene gov salaries and pensions. If they cut services I think we’ll see 1992 all over again.&lt;/i&gt;

Cut both!  I&#039;m sick of being &quot;serviced&quot; by this criminal state.]]></description>
			<content:encoded><![CDATA[<p>So Mr. Bub, how are things going for you today in Southern Colliefornia?  Any Ahnode sitings?</p>
<p><i>There will come a day when they’re going to have to decide whether to cut services or to cut these obscene gov salaries and pensions. If they cut services I think we’ll see 1992 all over again.</i></p>
<p>Cut both!  I&#8217;m sick of being &#8220;serviced&#8221; by this criminal state.</p>
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		<title>
		By: Rex The Wonder Dog!		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15319</link>

		<dc:creator><![CDATA[Rex The Wonder Dog!]]></dc:creator>
		<pubDate>Tue, 28 Feb 2012 05:47:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15319</guid>

					<description><![CDATA[&lt;b&gt;There will come a day when they’re going to have to decide whether to cut services or to cut these obscene gov salaries and pensions. If they cut services I think we’ll see 1992 all over again.&lt;/b&gt;

That day is a long way off I think. No one is stepping up to stop these abuses. Come on, $75K salary for a friggin parking lot attendant. That is a scam, plain and simple. And who on this earth do you think gets a job like that???I GUARANTEE you it is the relative of the trough feeder hiring for the job.]]></description>
			<content:encoded><![CDATA[<p><b>There will come a day when they’re going to have to decide whether to cut services or to cut these obscene gov salaries and pensions. If they cut services I think we’ll see 1992 all over again.</b></p>
<p>That day is a long way off I think. No one is stepping up to stop these abuses. Come on, $75K salary for a friggin parking lot attendant. That is a scam, plain and simple. And who on this earth do you think gets a job like that???I GUARANTEE you it is the relative of the trough feeder hiring for the job.</p>
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		<title>
		By: Bob		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15318</link>

		<dc:creator><![CDATA[Bob]]></dc:creator>
		<pubDate>Tue, 28 Feb 2012 04:38:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15318</guid>

					<description><![CDATA[Just change the name of the state from Colliefornia to BK Mudville.]]></description>
			<content:encoded><![CDATA[<p>Just change the name of the state from Colliefornia to BK Mudville.</p>
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		<title>
		By: Beelzebub		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15317</link>

		<dc:creator><![CDATA[Beelzebub]]></dc:creator>
		<pubDate>Tue, 28 Feb 2012 03:13:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15317</guid>

					<description><![CDATA[&quot;I do not think they knew the gov was going to back stop the loans, but I DO KNOW that they had every intention of securitizing and then dumping these loans on the secondary market-after they rated them AAA quality&quot;

The only way they could&#039;ve kept their scam going was by further RE value appreciation. Banksters are not stupid people. At the height of the market absolute dumps were going for $600,000 in OC. No one could convince me that these banksters were expecting for the average dump to rise to $800,000. They knew the market would crash - that&#039;s why they shorted the securitized mortgage backed investments as soon as they sold them. If not for the gov bailouts all of the TBTF&#039;s could have crashed and burned. The banksters knew that would not be allowed to happen. I think the banksters knew full well that they held a proverbial gun to the gov&#039;s head. That&#039;s why Hanky Panky Paulson (former Goldman CEO) warned everyone that unless the gov handed over $800B that there would be &quot;tanks in the streets&quot;. So I personally think these evil masterminds designed it to happen exactly the way it happened. Look how it turned out. The 1% actually got richer while the middle class   
got screwed. It was a huge transfer of wealth.

&quot;Did anyone see the DWP in LA salary schedule??&quot;

There will come a day when they&#039;re going to have to decide whether to cut services or to cut these obscene gov salaries and pensions. If they cut services I think we&#039;ll see 1992 all over again.]]></description>
			<content:encoded><![CDATA[<p>&#8220;I do not think they knew the gov was going to back stop the loans, but I DO KNOW that they had every intention of securitizing and then dumping these loans on the secondary market-after they rated them AAA quality&#8221;</p>
<p>The only way they could&#8217;ve kept their scam going was by further RE value appreciation. Banksters are not stupid people. At the height of the market absolute dumps were going for $600,000 in OC. No one could convince me that these banksters were expecting for the average dump to rise to $800,000. They knew the market would crash &#8211; that&#8217;s why they shorted the securitized mortgage backed investments as soon as they sold them. If not for the gov bailouts all of the TBTF&#8217;s could have crashed and burned. The banksters knew that would not be allowed to happen. I think the banksters knew full well that they held a proverbial gun to the gov&#8217;s head. That&#8217;s why Hanky Panky Paulson (former Goldman CEO) warned everyone that unless the gov handed over $800B that there would be &#8220;tanks in the streets&#8221;. So I personally think these evil masterminds designed it to happen exactly the way it happened. Look how it turned out. The 1% actually got richer while the middle class<br />
got screwed. It was a huge transfer of wealth.</p>
<p>&#8220;Did anyone see the DWP in LA salary schedule??&#8221;</p>
<p>There will come a day when they&#8217;re going to have to decide whether to cut services or to cut these obscene gov salaries and pensions. If they cut services I think we&#8217;ll see 1992 all over again.</p>
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		<title>
		By: Rex The Wonder Dog!		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15316</link>

		<dc:creator><![CDATA[Rex The Wonder Dog!]]></dc:creator>
		<pubDate>Tue, 28 Feb 2012 01:42:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15316</guid>

					<description><![CDATA[&lt;b&gt;See, when you give a $400,000 subprime loan to a poor person who picks fruit for a living – chances are damn good you’re going to get stiffed. The banks knew this. They&#039;ve been in the loan business for centuries. They knew the difference between a good risk and a bad risk. But they knew that if the bet went bad that the taxpayer would be there to save them. And that’s exactly what happened. Mr. Bankster knew the government would have his back. &lt;/b&gt;

I do not think they knew the gov was going to back stop the loans, but I DO KNOW that they had every intention of securitizing and then dumping these loans on the secondary market-after they rated them AAA quality.


Big Business OWNS gov, and they are destroying our country-along with public unions. The ONLY people getting screwed over are the poor and middle class, and they are not part of the gov employment scam, those people are now on the top 1% for FF and cop, and the top 10% for everyone else. 

Did anyone see the DWP in LA salary schedule?? They are paying their auto mechanics $109K base salaries. Not counting benefits. PRKING LOT ATTENDANTS ARE GETTIGN $75k! It is like that for EVERY job at DWP in LA.

http://www.latimes.com/news/opinion/opinionla/la-ed-ladwp-20120210,0,7115922.story]]></description>
			<content:encoded><![CDATA[<p><b>See, when you give a $400,000 subprime loan to a poor person who picks fruit for a living – chances are damn good you’re going to get stiffed. The banks knew this. They&#8217;ve been in the loan business for centuries. They knew the difference between a good risk and a bad risk. But they knew that if the bet went bad that the taxpayer would be there to save them. And that’s exactly what happened. Mr. Bankster knew the government would have his back. </b></p>
<p>I do not think they knew the gov was going to back stop the loans, but I DO KNOW that they had every intention of securitizing and then dumping these loans on the secondary market-after they rated them AAA quality.</p>
<p>Big Business OWNS gov, and they are destroying our country-along with public unions. The ONLY people getting screwed over are the poor and middle class, and they are not part of the gov employment scam, those people are now on the top 1% for FF and cop, and the top 10% for everyone else. </p>
<p>Did anyone see the DWP in LA salary schedule?? They are paying their auto mechanics $109K base salaries. Not counting benefits. PRKING LOT ATTENDANTS ARE GETTIGN $75k! It is like that for EVERY job at DWP in LA.</p>
<p><a href="http://www.latimes.com/news/opinion/opinionla/la-ed-ladwp-20120210,0,7115922.story" rel="nofollow ugc">http://www.latimes.com/news/opinion/opinionla/la-ed-ladwp-20120210,0,7115922.story</a></p>
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		<title>
		By: Beelzebub		</title>
		<link>https://calwatchdog.com/2012/02/27/municipal-bankruptcy-stalks-stockton/#comment-15315</link>

		<dc:creator><![CDATA[Beelzebub]]></dc:creator>
		<pubDate>Mon, 27 Feb 2012 19:52:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.calwatchdog.com/?p=26397#comment-15315</guid>

					<description><![CDATA[It&#039;s really no surprise that Forbes listed Stockton as America&#039;s &#039;most miserable city&#039;.  

Stockton is essentially a de-facto sanctuary city. Crime is rampant. I believe it&#039;s the same city that declared grafitti to be a form of &#039;art&#039;. And when the word gets out that your city welcomes indigent illegal migrants it only makes sense that you would get more of them, right? Of the 267 American cities with populations over 100,000 Stockton was rated the 10th most dangerous city as measured by violent crime per capita. Oakland is the only California city that ranks higher. 

And it&#039;s really no surprise that Stockton is America&#039;s capital for foreclosures. Yep. #1 in the nation. 

See, when you give a $400,000 subprime loan to a poor person who picks fruit for a living - chances are damn good you&#039;re going to get stiffed. The banks knew this. They&#039;ve been in the loan business for centuries. They knew the difference between a good risk and a bad risk. But they knew that if the bet went bad that the taxpayer would be there to save them. And that&#039;s exactly what happened. Mr. Bankster knew the government would have his back. 

And once Stockton declares bankruptcy and defaults on their muni bonds watch the Zillow price index break $100k forcing a rash of new foreclosures. 

You reap what you sow, Stockton.]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s really no surprise that Forbes listed Stockton as America&#8217;s &#8216;most miserable city&#8217;.  </p>
<p>Stockton is essentially a de-facto sanctuary city. Crime is rampant. I believe it&#8217;s the same city that declared grafitti to be a form of &#8216;art&#8217;. And when the word gets out that your city welcomes indigent illegal migrants it only makes sense that you would get more of them, right? Of the 267 American cities with populations over 100,000 Stockton was rated the 10th most dangerous city as measured by violent crime per capita. Oakland is the only California city that ranks higher. </p>
<p>And it&#8217;s really no surprise that Stockton is America&#8217;s capital for foreclosures. Yep. #1 in the nation. </p>
<p>See, when you give a $400,000 subprime loan to a poor person who picks fruit for a living &#8211; chances are damn good you&#8217;re going to get stiffed. The banks knew this. They&#8217;ve been in the loan business for centuries. They knew the difference between a good risk and a bad risk. But they knew that if the bet went bad that the taxpayer would be there to save them. And that&#8217;s exactly what happened. Mr. Bankster knew the government would have his back. </p>
<p>And once Stockton declares bankruptcy and defaults on their muni bonds watch the Zillow price index break $100k forcing a rash of new foreclosures. </p>
<p>You reap what you sow, Stockton.</p>
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