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Cars > thejudge’s Garage > Blog > WHAT WENT WRONG

 

thejudge’s Profile Photo

thejudge

M –62
Vidalia, Louisiana
United States

 

WHAT WENT WRONG

By thejudge

FOR DECADES INS. CO'S COVERED HURRICANE DAMAGE BUT WHEN KATRINA HIT THE GULF COAST AND NEW ORLEANS INS. CO'S REFUSED TO COVER DAMAGES THEY CLAIMED THE DAMAGE WAS DONE BY STORM SURGE NOT WINDS AND THOUSANDS OF PEOPLE WERE LEFT HOMELESS STILL OWING MORTGAGES WHEN THE GOVERNMENT FAILED TO ACT ON THIS A SERIES OF EVENTS HAVE TAKEN EFFECT A LOT OF LENDERS CUT OFF LOANS TO INS. CO'S FOR LEAVING THEM HANGING WITH UNSECURED PROPERTY LOANS THAT WERE UN COLLECTIBLE HURRICANE RITA HIT LAKE CHARLES AREA AGAIN INS. CO'S RENEGED NO GOVERNMENTAL MANDATES
PROPERTY VALUES BEGIN TO PLUMMET IN LA.BE CAUSE UN INSURABLE IN FLOOD ZONES OR TO EXPENSIVE PEOPLE NOT RETURNING TO NEW ORLEANS OTHERS MIGRATING NORTHWARD OIL PRICES BEGIN TO RISE BECAUSE OF REFINERY DAMAGES BY RITA OFFSHORE AND LAND DRILLING START RISING OIL FIELDS GO BACK TO WORK IN LA AND TEXAS PEOPLE BEGIN TO RETURN AND START PAYING THE HIGHER FLOOD INS. RATES GUSTAV DESTROYS GALVESTON AGAIN SURGE DAMAGE NOT STORM DAMAGE LENDERS AND PEOPLE LEFT HOLDING THE EMPTY BAG AND NO REAL HELP FROM GOVERNMENT OIL REFINERY'S DAMAGED AGAIN OIL GOES OVER $100.00 A BARREL LA AND TEXAS START REBUILDING FIRST LAW SUITS STARTING TO HIT COURTS COURTS DECIDE WITH INS. CO'S BIG PARTY'S GO ON WITH INS CO'S BANKS AND PEOPLE LEFT HOLDING EMPTY BAG AGAIN NEW REFINERY S GO ON LINE OIL PRICES PLUMMET TEXAS AND LA REBUILDING STOPS HOUSING PRICES IN LA AND TEXAS PLUMMET BANKS TAKE ANOTHER BIG HIT START CALLING IN LOANS FROM INS CO'S BAIL OUT STARTS CAUSING STOCK MARKETS TO FAIL AMERICA BECOMES AFRAID OF MARKETS AND STOP BUYING LAYOFFS BEGIN
AND STILL THE BAIL OUT PACKAGES ARE DESIGNED TO BAIL OUT THE INS CO'S GULF COAST STILL HOLDING EMPTY BAG AND REALLY HURTING BUT NO HELP
GOVERNOR JENDAL OF LA MAKES NATIONAL PLEA AND A STAND ON THE STEMLESS PACKAGE BY REFUSING THINGS THAT WILL COST LA MORE MONEY IN THE LONG RUN AND GETS LAUGHED AT BY NATIONAL MEDIA THE CLASSES IN THIS COUNTRY ARE 4 LEVEL 1 NEEDY 2 WORKING 3 BLUE COLLAR 4 ELITE
THE BAIL OUT MONEY AND SPENDING PACKAGES ARE GOING TO THE UPPER TWO CLASSES LEAVING OUT THE NEEDY AND THE WORKING CLASS
TO PUT THIS COUNTRY BACK ON THE RIGHT TRACK IT HAS TO GO BACK TO THE GULF COAST AND EITHER MAKE THE INS. CO'S PAY THE DAMAGES OR PAY THEM ITSELF THIS WOULD IMMEDIATELY RELIEVE THE LENDING CRUNCH OPEN UP NEW HOUSING STARTS BRING PROPERTY VALUES BACK UP AND PUT PEOPLE BACK TO WORK AND PEOPLE WOULD START BUYING AGAIN EPICALLY THOSE ON THE GULF COAST THAT NEED EVERY THING
WHAT'S GONA HAPPEN IN CALIFORNIA WHEN INS CO'S STOP COVERING WIND BLOWN FIRES AND THE MILLION DOLLAR HOMES . ARE SUDDENLY WORTHLESS IM SURE YOU WILL BE ALL FOR BAILING OUT THE INS CO'S WHEN CAL BANKS STOP LOANING THEM MONEY.
THE IRONY OF THIS THE ONLY POSITIVE INDICATOR IN GOVERNMENT COMES OUT OF LA ITS THE ONLY STATE IN THE NATION THAT IS STILL GROWING JOBS

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Read comments on this blog post 1 – 10 of 19

Soupy’s Profile Photo
Soupy
Apr 5, 2009 at 7:59 pm
I back your thoughts 100%...
 
SPEED’s Profile Photo
SPEED
Mar 19, 2009 at 8:34 am
I can't believe they took our tax money after doing what they did to us and paid bonuses with our money to those agents that has caused all of this
 
383rs’s Profile Photo
383rs
Mar 9, 2009 at 9:42 pm
I agree
 
vamphauler’s Profile Photo
vamphauler
Mar 7, 2009 at 10:33 am
I agree with this
 
dragon_chick_99’s Profile Photo
dragon_chick_99
Mar 6, 2009 at 11:37 pm
i agree. and we need people who actually have common sence, and who are God fearing christians to run this country. not a bunch of rich clueless pansies!
 
chevy66babe’s Profile Photo
chevy66babe
Mar 6, 2009 at 2:06 pm
That's sad, but the rich always seem to come out on top and the poorer folks get shoved aside. Just like the company that got a bailout and took their execs on a fancy trip. Even our elected officials never seem to listen to their voters any more, unless they've given big bucks to their campaigns. A real injustice.
 
rhonda’s Profile Photo
rhonda
Mar 6, 2009 at 7:26 am
God Bless America! (If you can even say that on this site or anywhere else these days!!!) They have taken it out of everywhere else that we need it!
 
jebfastlane’s Profile Photo
jebfastlane
Mar 6, 2009 at 7:26 am
It's still the same old story the rich get richer, now we are handing them more money out of our tax's for thier mistakes. They are putting us into a third world country by 2012 we will all be homeless, but the goverment and the rich. No one will have the money for a car and even the oil companys will fail. When is enough, enough, I hope it's not to late to bring this country back to it glory. Let's put a million of the unemployed on the border patrol and forget that fence it does not work!
 
chevelle69’s Profile Photo
chevelle69
Mar 6, 2009 at 6:32 am
all about the money................................geno
 
thejudge’s Profile Photo
thejudge
Mar 5, 2009 at 11:18 pm
HOW MANY OIL CO'S WERE BAILED OUT IN THE 70'S OF THE THOUSANDS THAT FAILED THE WHOLE INDUSTRY ALMOST WENT BELLY UP I WAS LAID OFF BY HALIBURTON MYSELF THE PRICE OF OIL SINCE THEN HAS NOT BEN DETERMINED BY PRODUCTION BUT BY THE # OF GALLONS REFINED AND THE GOVERNMENT HAS HAD A CHOKE HOLD ON BUILDING NEW REFINERY S UNTILL THE STORMS AND THE RECENT SPIKE IN OIL PRICES BECAUSE OF SHUT DOWN REFINERY'S DUE TO STORM DAMAGE UNEMPLOYMENT WAS MUCH HIGHER THEN IN THE 70'S THAN NOW HERE AND NATIONWIDE THERE WERE NO BANK FAILURES INS. CO'S BAIL OUTS OR MARKET CRASHES wHEN LENDERS ARE HOLDING BILLIONS OF PROPERTY LOANS THAT ARE INSURED A STORM WIPES THEM OUT AND THE INS CO'S DECIDE NOT TO MAKE GOOD ON ALL THESE CLAIMS IT TENDS TO THROW A MONKEY WRENCH INTO THE CREDIT INDUSTRY THAT TIGHTENS ITS BELT AND STOPS LENDING ON ANYTHING THEY MAY END UP UN INSURED IN
FROM CREDIT CARDS TO HOMES TO BUSINESSES
THE WHEEL BEGINS TO SLOW DOWN AND BY THE GOVERNMENT LETTING ALL THIS TAKE PLACE AND DOING NOTHING THEN A DOMINO EFFECT STARTS AND ALL THE IGNORANT TALK ON TV ABOUT GOD KNOWS WHAT AND GETTING A BIGGER AND BIGGER BUCKET TO BAIL OUT THEY NEED TO COME BACK TO THE COAST AND FIX THE DAM LEAK
 

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Cars > thejudge’s Garage > Blog > WHAT WENT WRONG

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