http://abcnews.go.com/Politics/Economy/story?id=6638175&page=1
Disrupting the Borg is expensive and time consuming!
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I wish they could breakout climate “scientists”. We know their “science” is a fraud and I would be willing to bet their tax returns are a fraud too.
Tax Study: Scientists More Likely to Cheat Than Lawyers
Read more: http://curiouscapitalist.blogs.time.com/2011/04/15/tax-study-scientists-more-likely-to-cheat-than-lawyers/#ixzz1JpJUHDpC
Odd that the study left out the most likely to Cheat on Taxes: Obama Adminsistration Appointees!
If we really need a (another) trillion dollars of “stimulus” to bail out the economy, we are in big, big trouble! The debt tipping point is the one we should be worrying about.
Larry Summers.
Need anyone say more?
uk oh….
Obama has figured out he’s going to need that money if Trump is running…….
Fantasy economics for Art Majors. Banks are not sweethearts. And we really need to find out what’s going on in the Federal Reserve. But the “bailout” money loaned to banks has been largely returned. Some of them never felt they needed it. CNBC did a story detailing this quite well. On AIG, Fannie, Freddie, and GM we’ll lose our shirts.
And why is it that homeowners are as pure and innocent as the driven snow on their Mortgage problems? The underlying cause of the financial crisis is a bubble in asset values that has now burst. Wall St certainly has liability. But having the Fed ORDER THEM to radically alter the demographics of buyers by throwing all qualifiers out the window is part of (along with very low interest rates) the reason for the bubble.
Now those very same banks are taking back homes with 300k liens, only to turn and find a market that will only pay 100k for them. Is the homeowner the big loser in that deal? Often, no. A lot of them are simply walking. They could afford to pay. They just don’t want to when the same home is across the street available for 1/3 as much.
Look at markets in FL, NV, and AZ. You can buy a repossessed home for much less than you could build one for.
Those mtgs that were sold to Freddie and Fannie ARE a liability for taxpayers tho, and who ORDERED Freddie and Fannie to buy those mortgages? Yup. It wasn’t Wall St.
Spain’s debt interest rate started climbing today, and Mr Obama appears to have double the US debt during the last two years. What is going on?
Iceland seems to have done the right thing, with referenda and all.