11/16/2008

California Fires: Blacked out by Media

Foreclosed homes have been by far the hardest hit with total destruction. Because in addition to lending to people who couldn't pay it back, these loans were made on homes that were in the worst fire area in SoCal. These are total weed areas (AKA chaparral) and dry wood shrubs that in the old days no insurance company would cover....so? Map here. So the state covered this shit under the Assigned Risk program literally guaranteeing that We the People are going to foot 100% of the damages to homes that shouldn't have even been built. Lots of info HERE.

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