Flipper has taken on new meaning in the world of sports action. If one lives long enough, you recognize that the meaning of words change. That is one of the reasons a lot of folks don't like William Shakespeare, because when Billy gets on a roll you need a 17th Century Dictionary to figure out what he's saying in the lines of his plays or sonnets. Take young Fast Willie, the guy who redefined the verb "is" and "having sex." Was Flipper faster than lightning and the king of the sea? I doubt it with all the Great Whites in the financial waters. Certainly, this is a world of wonder, however. Actually, Flipper, was Mitzi, and he was a she. Even Flipper had a stunt double -- he as called Mr. Gipper. Let's win one for the Gipper! In the current financial doublespeak where Republicans = Democrats under the guise of thesis and anti-thesis, we find no synthesis. Under the guise of No Dolphin Left Behind, let's just rename Flipper, Flippette... and continue onward with our muse.

Sure, we believe the FED is politically independent -- for the private banking cartel as an unelected 4th branch of central governance. Arizona is on a roll with homes experiencing more price gains in the residential home market than the best dot.com pump and dump scheme on Wall Street. We suggest not only brushing up your Shakespeare, and start leaning him now, but also brushing up on your Flying Pig Latin: Caveat Emptor or let the buyer beware.

The co-authored piece on Sir Freddie of Big Mac Attack is pretty good, and an excellent read. I should also tell you that Freddie dudn't need a property appraisal if the borrowers' credit score is high enough, and the participating lender pays an up front no appraisal needed funding fee. Freddie Mac has done just as much to destroy the realty valuation profession as its step-sister Fannie Mae. Sir Warren of Buffett, or the Sage [Oracle if you prefer] of Omaha, says that when the tide goes out, we shall all learn who's been swimming naked. That's probably ok if you are swimming with dolphins and don't mind a little embarrassment if one is modest catching falling knives while only knee deep in the water.

However, being a Zoologist, we suspect there are a few Great Whites out there along with a few killer whales.

Chomp! Chomp!

Yours Truly,
Ole Bear, Editor
Columbia, Missouri

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