More on Failed "Doctor's Fix": Reid Whines About Republicans, Ignores Democrats Who Bailed | Main | The Most Un-Presidential Presidency In Memory Continues Apace
October 22, 2009

How 'Bout that Crossroads Mall?

I've been to Crossroads Mall and-- no, that's a lie. I've driven by Crossroads Mall many times and never gone in. Because there are few stores, bad selection, and it's in kinduva bad neighborhood (as bad as they get in Oklahoma City). It was failing even back before I moved to California as the anchor stores bailed one by one and the little shops followed. The shootings didn't help.

Why should you care? Oh. You own it.

That money was secured by a portfolio of Bear assets. Crossroads Mall is the only bricks and mortar acquired through bailout. The remaining billions are tied up in invisible securities spread across hundreds, if not thousands, of properties.

It is hard to be precise because the Fed has not published specifics on what it now owns. The only reason that Crossroads Mall has surfaced is that it went into foreclosure in April.

Noah Diggs, who had just successfully concluded a search for work here as a shop assistant, was surprised and somewhat alarmed to learn the U.S. central bank now owned the property.

"That is a bad thing, right?" he said, surveying the empty parking lot on a rainy morning in early October.

I think Doofus is getting the government he deserves.

Thanks to Jahiliyya.


digg this
posted by Gabriel Malor at 09:43 AM

| Access Comments




Recent Comments
rickl: "There's a candy manufacturer near me, Stutz Candy, ..."

All Hail Eris, She-Wolf of the 'Ettes 'Ettes: "I ordered a copy as a gift for someone. Bluebel ..."

chavez the hugo: "792: satin dolls. ..."

Bertram Cabot, Jr.: "Chicken of the C Corp. ..."

Anon a mouse: "So what is Charity's real name, " Tiffany. ..."

sock_rat_eez[/i][/b][/u][/s]: "Tami - I remember that fondue place; out west on P ..."

lin-duh: "So what is Charity's real name, and what club does ..."

buzzion: "So what is Charity's real name, and what club does ..."

Anon a mouse: "Seasoned beef in sauce with cornmeal = chili. Ev ..."

KT: "Sees Candies bought the patent for a black walnut ..."

Insomniac - Nobody in Particular: "C corp. C corp run. Run C corp run. ..."

Weasel: "le do... (joking) Posted by: lin-duh at December ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64