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|    Message 7,852 of 8,070    |
|    (the)duckster to All    |
|    Re: Sub-prime crisis takes toll on pets    |
|    28 Jan 08 13:10:09    |
      XPost: rec.pets.dogs.rescue, sci.econ, soc.culture.usa       XPost: rec.pets.dogs.behavior       From: duckster@erinet.com              As Licensed Realtor and a dog owner, I am both involved in and affected by       this issue.              Here in the middle-west - considered fly by country, Ohio, we are the second       largest foreclosure state in the country - only behind Michigan.              Having personally run into abandoned animals in properties, it's one of the       sorriest things you can imagine. A miserable animal, waiting patiently for       its people to come home. Driven by hunger, often madness claims them and       it's no time at all before a dog or cat's feral nature takes over.       Heartbreaking. Truly heartbreaking.              As for the subprime issue. I can tell you it affects everyone, regardless of       your politics.              Mortgages backed securities are uninsured investments. Sold off in bundles       to investors, it is their collapse that has contributed in no small part to       the recent drop on Wall Street and throughout the world.              Finger pointers abound, but the truth of it is that with deregulation of       banking, the rise of mortgage companies who could sell a botique of loan       products, along with prospective home owners desiring       bigger...bigger...bigger...(and couldn't qualify for it), you have the mess       you see today.              With loans long sold off from their originators and in the hands of       portfolio managers, government intervention may be a partial answer.              As in most financial crises situations, the vunerable suffer; here in this       case, abandoned animals. Unfortunately, with owners long gone, it is       difficult to prosecute who you haven't caught. That leaves the "clean up"       to the animal lovers.              With a houseful of castaways ourselves, we shake our heads and say:       "there's always dog..."              (the)duckster              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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