CALIFORNIA BROKE~Controller Announced Jan.26 Residents Will Recieve IOU's - Page 2

peaceandlove · 03-03-2009, 01:07 AM

California Counties Begin Secession

Video (2:51): http://www.youtube.com/watch?v=C0tmN...eature=channel

Source: george4title youtube channel: http://www.youtube.com/user/george4title

Dantheman62 · 03-03-2009, 01:08 AM

They're also starting water rationing!

peaceandlove · 03-05-2009, 04:27 PM

California Dreamin'

ABC News

Posted March 04, 2009

Video (3:59): http://www.youtube.com/watch?v=lKc8I...e=channel_page

Dantheman62 · 03-05-2009, 05:59 PM

This is such a shame!, and it's just getting worse, I read in the news today that 1 in 8 are either late on their house payments or are in foreclosure. California has at least 10% unemployment, according to that video you posted, which is just going to get worse and worse I'm afraid. I'd say hold on because it's going to get real rough here real soon!
I'm usually one to be humorous about everything, but not this time! This is very serious and really nothing I want to joke about!
If Obama is going to do anything to really help at all, he needs to do it now, like yesterday! Otherwise I'm afraid it will be to late and we'll crash and crash hard!

Dantheman62 · 03-05-2009, 07:28 PM

12 pct. are behind on mortgage or in foreclosure,

NEW YORK – A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed.

But that's not the worst of it.

The reckless lending practices in states like Florida, California and Nevada that were the epicenter of the housing crisis are no longer driving up the nation's delinquency rate. Instead, the foreclosure crisis now is being fueled by a spike in defaults in states like Louisiana, New York, Georgia and Texas, where the economies are rapidly deteriorating and thousands are losing their jobs.

A record 5.4 million American homeowners with a mortgage of any kind, or nearly 12 percent, were at least one month late or in foreclosure at the end of last year, the Mortgage Bankers Association reported. That's up from 10 percent at the end of the third quarter, and up from 8 percent at the end of 2007.

http://news.yahoo.com/s/ap/20090305/...s_foreclosures

Dantheman62 · 03-05-2009, 07:32 PM

Here's a good article....

http://finance.yahoo.com/career-work...h-of-Recession

What does the worst recession in a generation look like?

It is both deep and broad. Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has recently begun to suffer, because of the sharp fall in both oil and crop prices.

Unlike the last two recessions — earlier this decade and in the early 1990s — this one is causing much more job loss among the less educated than among college graduates. Those earlier recessions introduced the country to the concept of mass white-collar layoffs. The brunt of the layoffs in this recession is falling on construction workers, hotel workers, retail workers and others without a four-year degree.

peaceandlove · 03-07-2009, 09:54 PM

I wonder how many more companies are going to start finding funds missing?

Ex-Calif. bookkeeper accused of embezzling $10M

58 mins ago

Source: AP http://news.yahoo.com/s/ap/20090307/...zlement_arrest

VISTA, Calif. – A former bookkeeper embezzled $9.9 million, forcing her company to make layoffs as she bought 400 pairs of shoes that she kept in a room-sized closet decorated with a crystal chandelier and a plasma television, authorities claim.

Annette Yeomans, 51, surrendered at the Vista jail on Friday and was booked for investigation of grand theft and embezzlement. She was being held Saturday at the San Diego County jail in lieu of $10 million bail.

It was not immediately clear whether she had an attorney.

Authorities allege that Yeomans embezzled the money from 2001 to 2007 while she was chief financial officer for Quality Woodworks, Inc., a cabinetry business in San Marcos.

She spent at least $240,000 on 400 pairs of shoes, $300,000 on designer clothing and 160 purses valued at $2,000 each, investigators allege. She also remodeled a bedroom into a closet with the chandelier and a 32-inch TV, they said.

"On a weekly basis Yeomans would spend $25,000 on her credit card and then pay off the balance the following Monday with company funds," said Sgt. Mark Varnau of the sheriff's Financial Crimes Unit.

The losses went unnoticed and the company never hired an outside auditor to check the books because she had a trusted position, Varnau said. Meanwhile, he said, the company was forced to lay off workers and restructure operations because of the losses.

An investigation began after American Express notified the company in February 2008 that one of its checks had been used to make a payment on Yeomans' account, Varnau said.

Yeomans was fired last year and agreed to turn over her assets to the company, which has recovered about $2 million from the sale of her home, some cars and other property, Varnau said.

Her husband was a cabinet installer at Quality Woodworks but was not suspected of any crime, Varnau said.

peaceandlove · 03-20-2009, 11:31 PM

Californians Scrapping, Squating and Stores Closing Down 03/19/2009
Lookout while you're driving, manhole covers are a big scrapping item.
Video (4:42): http://www.youtube.com/watch?v=_j-vlW4aTpg&feature=channel

15,000 Californians KFI Tax Revolt Protest 03/09/2009
Video (7:30): http://www.youtube.com/watch?v=4IOfT...eature=channel

California Shutting Down! "Living Free in an Unfree World" george4title 2/22/2009
George is talking to small business owners all over the place in Southern California while
you have county buildings and state buildings going up and doing refurbishments, the small businesses are going out of business.
Video (8:26): http://www.youtube.com/watch?v=QvDHf...eature=channel

03-03-2009, 01:07 AM	#26
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	California Counties Begin Secession California Counties Begin Secession Video (2:51): http://www.youtube.com/watch?v=C0tmN...eature=channel Source: george4title youtube channel: http://www.youtube.com/user/george4title Last edited by peaceandlove; 03-03-2009 at 01:26 AM.

03-03-2009, 01:08 AM	#27
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Re: California Counties Begin Secession They're also starting water rationing!

03-05-2009, 04:27 PM	#28
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	California Dreamin' California Dreamin' ABC News Posted March 04, 2009 Video (3:59): http://www.youtube.com/watch?v=lKc8I...e=channel_page

03-05-2009, 05:59 PM	#29
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Re: California Dreamin' This is such a shame!, and it's just getting worse, I read in the news today that 1 in 8 are either late on their house payments or are in foreclosure. California has at least 10% unemployment, according to that video you posted, which is just going to get worse and worse I'm afraid. I'd say hold on because it's going to get real rough here real soon! I'm usually one to be humorous about everything, but not this time! This is very serious and really nothing I want to joke about! If Obama is going to do anything to really help at all, he needs to do it now, like yesterday! Otherwise I'm afraid it will be to late and we'll crash and crash hard!

03-05-2009, 07:28 PM	#30
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Re: California Dreamin' 12 pct. are behind on mortgage or in foreclosure, NEW YORK – A stunning 48 percent of the nation's homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and the rate for homeowners with all mortgage types hit a new record, new data Thursday showed. But that's not the worst of it. The reckless lending practices in states like Florida, California and Nevada that were the epicenter of the housing crisis are no longer driving up the nation's delinquency rate. Instead, the foreclosure crisis now is being fueled by a spike in defaults in states like Louisiana, New York, Georgia and Texas, where the economies are rapidly deteriorating and thousands are losing their jobs. A record 5.4 million American homeowners with a mortgage of any kind, or nearly 12 percent, were at least one month late or in foreclosure at the end of last year, the Mortgage Bankers Association reported. That's up from 10 percent at the end of the third quarter, and up from 8 percent at the end of 2007. http://news.yahoo.com/s/ap/20090305/...s_foreclosures

03-05-2009, 07:32 PM	#31
Dantheman62 Avalon Senior Member Join Date: Sep 2008 Location: So. Cal. U.S. Posts: 4,205	Re: California Dreamin' Here's a good article.... http://finance.yahoo.com/career-work...h-of-Recession What does the worst recession in a generation look like? It is both deep and broad. Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has recently begun to suffer, because of the sharp fall in both oil and crop prices. Unlike the last two recessions — earlier this decade and in the early 1990s — this one is causing much more job loss among the less educated than among college graduates. Those earlier recessions introduced the country to the concept of mass white-collar layoffs. The brunt of the layoffs in this recession is falling on construction workers, hotel workers, retail workers and others without a four-year degree.

03-07-2009, 09:54 PM	#32
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Ex-Calif. bookkeeper accused of embezzling $10M I wonder how many more companies are going to start finding funds missing? Ex-Calif. bookkeeper accused of embezzling $10M 58 mins ago Source: AP http://news.yahoo.com/s/ap/20090307/...zlement_arrest VISTA, Calif. – A former bookkeeper embezzled $9.9 million, forcing her company to make layoffs as she bought 400 pairs of shoes that she kept in a room-sized closet decorated with a crystal chandelier and a plasma television, authorities claim. Annette Yeomans, 51, surrendered at the Vista jail on Friday and was booked for investigation of grand theft and embezzlement. She was being held Saturday at the San Diego County jail in lieu of $10 million bail. It was not immediately clear whether she had an attorney. Authorities allege that Yeomans embezzled the money from 2001 to 2007 while she was chief financial officer for Quality Woodworks, Inc., a cabinetry business in San Marcos. She spent at least $240,000 on 400 pairs of shoes, $300,000 on designer clothing and 160 purses valued at $2,000 each, investigators allege. She also remodeled a bedroom into a closet with the chandelier and a 32-inch TV, they said. "On a weekly basis Yeomans would spend $25,000 on her credit card and then pay off the balance the following Monday with company funds," said Sgt. Mark Varnau of the sheriff's Financial Crimes Unit. The losses went unnoticed and the company never hired an outside auditor to check the books because she had a trusted position, Varnau said. Meanwhile, he said, the company was forced to lay off workers and restructure operations because of the losses. An investigation began after American Express notified the company in February 2008 that one of its checks had been used to make a payment on Yeomans' account, Varnau said. Yeomans was fired last year and agreed to turn over her assets to the company, which has recovered about $2 million from the sale of her home, some cars and other property, Varnau said. Her husband was a cabinet installer at Quality Woodworks but was not suspected of any crime, Varnau said.

03-20-2009, 11:31 PM	#33
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Californians Scrapping, Squating and Stores Closing Down Californians Scrapping, Squating and Stores Closing Down 03/19/2009 Lookout while you're driving, manhole covers are a big scrapping item. Video (4:42): http://www.youtube.com/watch?v=_j-vlW4aTpg&feature=channel 15,000 Californians KFI Tax Revolt Protest 03/09/2009 Video (7:30): http://www.youtube.com/watch?v=4IOfT...eature=channel California Shutting Down! "Living Free in an Unfree World" george4title 2/22/2009 George is talking to small business owners all over the place in Southern California while you have county buildings and state buildings going up and doing refurbishments, the small businesses are going out of business. Video (8:26): http://www.youtube.com/watch?v=QvDHf...eature=channel Last edited by peaceandlove; 03-20-2009 at 11:38 PM.