RANT: Gooferment “codes” change without notice or a chance to object

Friday, August 14, 2026

In trying to sell our “old” house, I have a few example of “spectacular stupidity”.

Evidently NOW to sell a house and get a Certificate of Occupancy, all the smoke detectors and carbon monoxide detectors —  regardless of lifespan left —  must be replaced with a non-removable battery. 

WTH

My detectors were replaced when we bought the house 5 years ago because they were flakey and so were the carbon monoxide detectors because they were old and generating false alarms.  No Gooferment involvement!

Argh!

There’s a few dollars (more than 1,000) down the rat hole. And, now there is a fee for the City Inspector come out and confirm.

My Realtors, Handyman, and Contractor were all surprised by this.

And it’s not like a rental.  It was and will be owner occupied so there is NO motivation to cheap out.

Yet Another cash grab and expense incurred.  Glad to be out of the Pepuls Republik of Nu Jerzee.  Hope the last person out shuts the lights off!

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Posted by reinkefj

RANT: BHO44’s “settlement” is a payoff to the banks in disguise

Friday, February 10, 2012

http://www.nakedcapitalism.com/2012/02/the-top-twelve-reasons-why-you-should-hate-the-mortgage-settlement.html

Thursday, February 9, 2012
The Top Twelve Reasons Why You Should Hate the Mortgage Settlement

*** begin quote ***

Here are the top twelve reasons why this deal stinks:

1. We’ve now set a price for forgeries and fabricating documents. It’s $2000 per loan. This is a rounding error compared to the chain of title problem these systematic practices were designed to circumvent. The cost is also trivial in comparison to the average loan, which is roughly $180k, so the settlement represents about 1% of loan balances. It is less than the price of the title insurance that banks failed to get when they transferred the loans to the trust. It is a fraction of the cost of the legal expenses when foreclosures are challenged. It’s a great deal for the banks because no one is at any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding roughshod over 300 years of real estate law.

2. That $26 billion is actually $5 billion of bank money and the rest is your money. The mortgage principal writedowns are guaranteed to come almost entirely from securitized loans, which means from investors, which in turn means taxpayers via Fannie and Freddie, pension funds, insurers, and 401 (k)s. Refis of performing loans also reduce income to those very same investors.

3. That $5 billion divided among the big banks wouldn’t even represent a significant quarterly hit. Freddie and Fannie putbacks to the major banks have been running at that level each quarter.

4. That $20 billion actually makes bank second liens sounder, so this deal is a stealth bailout that strengthens bank balance sheets at the expense of the broader public.

*** end quote ***

How do you know when a politician is lying?

Lips move.

Did you listen to BHO44 tout this as a great accomplishment?

Argh!

Read the other 8, this blogger nails it!

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Posted by reinkefj