Amid increasing turmoil, the financial sectors continue to get battered with ever worsening statistics, facts, and losses.  Even once steadfast companies like Citigroup are seeing lines of of defaulting homeowners looking around for help and their share of the bailout.  In what may be good news for some of these homeowners, Citigroup has announced that they are putting a temporary moratorium on foreclosures for all clients who are willing to work in good faith to restructure and repay their mortgages.

Some experts contend, and I would assume that they are correct, that the 158 year old Citigroup is simply postponing the inevitible if things don’t change in the economy as a whole.  Of course, it will curb the ever increasing number of foreclosures, but until the underlying problems get resolved its impossible to know what the long-term benefits of this halt will be.

I’m assuming that I’m like most modern Americans – I love the news.  The uglier the better.  Like most Americans I want to believe that the people reporting the news have some insight, maybe a few sources sources, and most importantly the ability to report the truth without adding fiction.  Unfortunately, and especially with the recent turmoils in the market, I’m coming to believe that the American media is a bunch of morons spouting out what they think – something like I do here – leading “Main Street” Americans to lose faith in the systems and values of being an American.  I, for one, am sick of this bullshit and want to call a spade a spade.