WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Greenspan's Body Count: Arthur Darnell Bailey

Alan Greenspan has been quite active in the San Diego area recently. Now he's been sighted in the 1-hour commuter community of Murrieta in Southwest Riverside County.
A Murrieta man accused of bilking his elderly mother-in-law out of more than $200,000 was found dead of an apparent suicide in his home last week, the same day he was supposed to be in court to face charges, Murrieta police said Wednesday.

The man's wife, who is also accused of embezzling money from her own mother, apparently also tried to commit suicide in the couple's shared home on the city's north end, Sgt. Phil Gomez said.

[...]

The couple came under investigation last year after Brooke Bailey's half-brother reported to police his suspicions that the Baileys were draining the account of his mother, who is now 74.

According to a declaration in support of an arrest warrant for Brooke Bailey ---- an arrest warrant sought after she missed her court appearance last week ---- the victim's checking account showed evidence that money had gone to cover costs including mortgage and utility payments, as well as leasing payments for a BMW.

Greenspan's version of the American Dream was that nobody had to work anymore. We could all just buy more house than we could afford, then get rich as house prices rose to the moon and buy a garage full of toys. Too many people, including Arthur and Brooke Bailey, fell for that nightmare.

The Baileys were listed at 27543 Paper Bark Avenue, which they appear to have purchased in 2007 for $560,000. It is now worth $297,000 according to Zillow.

Greenspan's Body Count stands at 184.

1 comments:

Anonymous said...

"We could all just buy more house than we could afford, then get rich as house prices rose to the moon and buy a garage full of toys."

IMHO, this was always the greatest danger of the Fed's inaction in de-railing the credit bubble chasing housing early on. It was preventable - even one of their own is publicly stating that it was preventable. If you put a S&W to Bernanke's head or Greenspan's head after shooting them in one kneecap and told them you were going to splatter their brains on the wall if they didn't tell you the truth, they would admit to it. They are not that stupid. They know/knew but they are married to ideologies and dogma that are right only 50% of the time. People are people and MOST people are greedy and think they deserve something for nothing by way of their cleverness. It is human nature. Left unchecked, this rots a society from the inside out. Did you see Bernanke tell Ron Paul that gold was not money? Ron's answer should have been "True, gold is NOT money... It IS a big "go fuck yourself, Benny" response to your current monetary policy - you arrogant little Jew prick"... Bernanke's days are most likely numbered. Political winds shift and his ideology (which he seems married to) isn't going to cut any ice. Plan your flight; fly your plan but when the environment and conditions change, change your plan.

Mmmmm, takes a special child to do that do dear old Moms, huh? I've got three grown offspring and if any one of them tried that shit with me, they'd have a size 10 1/2 wide width up their ass so deep, they'd have to go to a cobbler to have a tonsillectomy done..... and you know what?? The little Smug Bastardletts know it - they don't fuck with Poppy.

Jeff

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