Moral Kombat: "Videogames caused 9/11"

Spencer Halpin's upcoming hullabaioo documentary film Moral Kombat takes on videogames violency and blames that videogames caused the 9/11 incident. The film features also none other than Jack Thompson and is even predicting ten times of worse school massacre.

The documentary film's main subject is the gaming violence, featuring the facts that terrorists used flight simulators in training or that people like Pekka-Eric Auvinen or Eric Harris and Dylan Klebold used to play violent video games.

Jack Thompson is widely known of his crusade against video gaming and this documentary film where he is under the spotlight, will surely give him a new kick for his crusade as well as a lot of negtive publicity from the gaming community.

The film features some of the electronic sports title games, Call of Duty, Half-Life 2 and Halo 2.

Film's trailer was already uploaded to YouTube on 26th December 2006, but the original film has not been released out yet. The release date will be announced soon. Project's budget is between $650,000 and $1,000,000 dollars.

WASHINGTON - Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures.

These aides, who spoke on condition of anonymity because the details have not yet been released, said the five-year moratorium represented a compromise between desires by banking regulators for a longer time frame of as much as seven years and industry arguments that the freeze should only last one to two years.

Another person familiar with the matter said the rate-freeze plan would apply to borrowers with loans made at the start of 2005 through July 30 of this year with rates that are scheduled to rise between Jan. 1, 2008, and July 31, 2010.

The administration said that President Bush will speak on the agreement at the White House on Thursday and the Treasury Department announced that Treasury Secretrary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson would hold a joint news conference Thursday afternoon with officials of the mortgage industry.

Treasury also announced that there would be a technical briefing to explain more of the details of the proposal.

Paulson, who has been leading the effort to craft a plan, said on Monday that the program would only be available for owner-occupied homes — as a way to make sure that the break is not granted to real estate speculators.

The plan emerged from talks between Paulson and other banking regulators and banks, mortgage investors and consumer groups trying to address an avalanche of foreclosures that are feared as an estimated 2 million subprime mortgages reset from lower introductory rates to higher rates.

The higher rates in many cases will boost monthly payments by as much as 30 percent, making it extremely difficult for many people to keep current with their loans.

The plan is aimed at homeowners who are making payments on time at lower introductory mortgage rates but cannot afford a higher adjusted rate.

Through October, there were about 1.8 million foreclosure filings nationwide, compared with about 1.3 million in all of 2006, according to Irvine, Calif-based RealtyTrac Inc. With home loan defaults still rising, the trend is expected to worsen next year.


news.yahoo.com/s/ap/20071205/ap_on_go_pr_wh/mortgage_crisis

Dear Thrifty American Who Lives Within His Means,

Screw you.

--Bush Administration

I saw her big toe! .... naked!!