|Thanks to Insider Aaron for sending this picture in...|
GLENN: Also an update for you. Comrade!
STU: Yes, comrade!
GLENN: Housing going to be fixed, comrade.
STU: What, you didn't say good news from the Western front.
GLENN: Oh, I'm sorry. Hang on. Comrade!
STU: Yes, comrade!
GLENN: Good news from the Western front!
STU: I bet there is.
GLENN: The housing trouble's going to be fixed. It's fantastic.
STU: Well, it's the housing troubles caused by this evil capitalist system.
GLENN: I know, I know. Barack Obama has a plan. The Stop Fraud Act. Which is where mortgage brokers who are hoodwinking low income borrowers into taking on loans they can't afford.
STU: Do you believe these evil capitalist corporations giving poorer people money for homes --
GLENN: No, no, not giving them. Hoodwinking them.
STU: Hoodwinking them into accepting money to buy a home.
GLENN: Yes. It will stop transactions which operate to promote fraud and risk and underdevelopment. People with no authority to decide who gets what sort of mortgage such as Realtors could face 35 years in prison and fines up to $5 million for anything deemed deceptive. So if you've been hoodwinked by your real estate agent, that witch will go to jail for 35 years. It's a grand day on the Western front!
STU: But comrade.
STU: Who will decide if you've been hoodwinked?
GLENN: They're going to set up a little panel and they got some judges on that. But here's the great thing. The banks are only going to lend money, if this goes, to rich people with great credit scores. Wait a minute. That's not good news from the Western front. Damn those rich people, we should have eaten them long ago. "Obama imagines foreclosures that are confined to low income families with sub prime adjustable rate mortgages, unfortunately prime mortgages, fixed prime mortgages are a bigger problem than the sub prime mortgages but we don't have to worry about the people who have money and have good credit scores. Let's just fix the sub prime mortgages because those people have been hoodwinked.
STU: Hoodwinked by predatory lenders, those evil people who hand money over to you when you sign paperwork.
GLENN: Obama wants untold billions to fund a help program which would refinance people's mortgages and provide comprehensive supports to innocent homeowners that had been hoodwinked. The slush fund that Clinton said that she wanted was $5 billion. It's now up to $30 billion that she's asking for. Obama also supports a bill to let bankruptcy judges rewrite mortgage agreements. So in other words, if you've gone to a bank and you've been hoodwinked and your mortgage, you borrowed $300,000 at 7%, if you declare bankruptcy, a judge can say now that's only a $200,000 loan and you're going to pay 4%.
STU: This is fantastic because we have already the Western front has already been invaded in the courts. We already have -- imagine a mortgage deal that goes to the Ninth Circuit Court of Appeals.
GLENN: And by the way, I want you to know that no one at the Ninth Circuit Court of Appeals nor anyone in the judicial system, nor anyone in politics, nor anyone in any kind of educational capacity has ever tried to hoodwink an American, not once!
STU: Never, comrade!
GLENN: By the way, I love this. Hillary Clinton also wants a 90-day moratorium on sub prime foreclosures which basically means, hey, rent-free for three months. She also wants to dictate, keyword, dictate an automatic freeze on interest rates, keeping rates below market for five years.
STU: Oh, comrade, I love the price controls.
GLENN: Yeah. I don't even think that's constitutional, but that's the good news from the Western front! Oh, comrade, think of the investors that will be running for their lives. Wait a minute, just a second. Hang on, hang on. I hate to quote Jimmy Stewart but, "Mary, your money's in Bill's house. Bill, your money's in Steve's house." When people say, "Wait a minute, I don't think I want to go ahead and give my money for an investment because you're just going to tell me my investment now, I'll only get 3% as opposed to the 7% because I took a risk and gave it to this person who was risky? I don't think I'm going to give those kind of loans out anymore." I mean --
STU: You know who does really well in this whole scenario, comrade?
GLENN: No. Who, comrade?
STU: People who rent homes, big fat cat landlords that get to rent so no one has an investment property anymore. They have to rent it from rich people who have big rental properties instead of owning their own home because no one will give them a mortgage. We need the Government to step in and solve the problem.
GLENN: You just, may I quote Jimmy Stewart again? "Mr. Potter, people are tired of living in your slums!" Wait a minute. This comrade update has gone awry. There it is, comrade, good news from the Western front!
Hey, stop the music for a second. I actually have some music. This is more music from Russia. I want you to listen to this. Can you play it in Russian, please? Play it in -- we've got both. We've got the English and the Russian. I personally only get jiggy with -- I'm sorry. I only get jiggy with the Russian version.
STU: Yeah. I mean, as you know, you can't take a song like this and remove it from its native tongue.
GLENN: No. You've got it -- I've learned this from Thomas Jefferson. You lose too much once it's out of its native tongue. So here it is in its native tongue.
Oh, yeah. Number one hit in Russia. I don't know. It's very danceable. I like it.
STU: I want a monkey toe.
GLENN: You want a what? When do we get to the words? Can't take this.
STU: What are you talking about? This is fantastic. This is the intro of the video where they show Vladimir Putin walking around.
GLENN: Sing it, baby. Okay, here it comes, Putin. Oh, yeah. Stop the music. Now, for those who don't speak Russian, don't speak like 400 languages, here it is in English.
GLENN: He must be like Putin. He won't hurt me. He'll only help me. I want a man like Putin. He must be like Putin. He must be full of strength like Putin. He must -- I love this. He must not be drunk like Putin. Okay, stop. Here's the thing. This is a number one hit and it's serious. It has Putin in the music video. There is a new trend in America and in the world. We are electing rock stars. This should disturb people. I don't need a rock star to lead our country. Do you remember when we used to say, it's like my grandfather, he was like my dad. You know, they used to wear suits, they used to have credibility, you know, they just took care of the business of the United States. Now they have to be rock stars. Before it was my grandpa. He was my dad. I like him. He's like an uncle, taking care of it, right? We could trust them. Now what we have is, thanks to someone talking about their underwear and playing the saxophone, somebody I can hang out with. I want to hang out with him, I want to be able to have a conversation, have a beer, okay? That's what we have. Now we've got to have a rock star. Now we have to have somebody who is, well, he's got to be like Putin.
Putin's a spooky dude. I know you won't get this in the mainstream media but Putin is a spooky dude. Putin, I love this. I'm just reading a couple of things on Putin because there's another election going on in the world that's kind of important and it's the election to replace Vladimir Putin.
Stu, in Moscow how many signs do you think are up for the guy who's running, you know, to replace Putin? It's Moscow. It's a major city.
STU: Well, if you -- let me just project here. Ron Paul gets about 5% from the vote and he has 14,000 signs per square mile.
GLENN: Yeah. Well, most of them are sheets.
STU: Most of them are homemade. So I would assume, I mean, by that projection, I mean, because Putin's pretty popular. I would think there -- well, he has a lot of signs. Even his opposition would still have a lot of signs.
GLENN: No, one. Just one. There's no campaign ads, there's nothing. There is nothing going on. Even the, you know, the global voting oversight committees, you know, the people who just go in to make sure everything's -- they left. They left. They said we can't even -- we're not even going to try. This election is so unbelievably rigged that people don't mind because they're rich. They can go out and they can buy Bucci, they can go out and buy whatever they want, there's cars, big cars that they can buy. Inflation is between 12 and 15% in Russia, but people don't care because more money is coming in. Although, the rich are getting richer and the poor are getting poorer. As long as oil and gas prices stay high, Putin is a God. The minute oil and gas prices collapse, the Soviet Union -- I'm sorry -- Russia collapses yet again and Putin will have to hold it together through gunfire and bullets to the back of the head. Now, listen to this. This is the leader of Putin's party. Quote: In my opinion at a certain stage like now, it's not only useful, it's necessary. I mean, we're tired of the Democratic twists and turns. I think we should suspend all this election business, at least for any kind of managerial positions.
I'm kind of down with that. What do you think? We just suspend all this election business. That wouldn't be bad, would it? As long as things are going well.
STU: It's just pesky.
GLENN: It's just, this election business, this Democratic election business, I don't know. Stu, it's too unpredictable.
STU: It's like, ahh. You have to listen to all those people.
GLENN: The ads. Play the song again, will you, Dan? I mean, why have an election?
STU: If you can come up with a song like this, you don't need an election.
GLENN: If you have a song like this, you don't need a Department of Propaganda.
STU: You may be having seizures, but you don't need an election or a Department of Propaganda.
GLENN: Anybody see any parallels between what is happening here in America and what's happening with Vladimir Putin? Does anybody see any parallels between what is happening with the government over there and what is happening with the government over here?
STU: There is definitely a parallel with really crappy dance music.