Even after Wednesday’s [5/17] stock market rout, more analysts are referring to current stock index levels as a “bubble.” I’m one of them, although I make the point that bubbles can last a long time and don’t pop just because valuations are stretched. It’s helpful to remember that Alan Greenspan called the stock market a…
China‘s Executions procedure: The execution protocol is defined on the criminal procedure law, under article 212:[6] Before a people’s court executes a death sentence, it shall notify the people’s procuratorate at the same level to send personnel to supervise the execution. Death sentences shall be executed by means of shooting or injection. Obama Signs Two…
Obama Told Bankers Today Its OK To Foreclose On American Citizens Who Bailed You Out: Billy Clinton Gave The Banks What They Wanted! According to a recent study, 9.9 million homes have been vacant since 2008 due to foreclosure. and as of 2011 that number has increased to 14.3 million units. Many blame the bleak housing market and the unemployment rate for…
Senator Christopher Dodd (D-Conn) is at the center of negotiations shaping a bill that he promises will add transparency to the complicated, furtive world of financial derivatives, but he cannot remember how much he paid for his house on 10 waterfront acres in Ireland. No wonder confidence in government’s competence continues to erode. Had Christopher…
United States Bankruptcy Judge Robert Grossman has ruled that MERS‘s business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch…
THE REPEAL OF THE GLASS STEAGALL HAS ALLOWED THE BRITISH TO BET AGAINST THE ECONOMY OF THE UNITED STATES. THE REPEAL HAS ALLOWED INCENTIVE TO DISTORT THE CONSTITUTION AS A MECHANISM TO STAGE NUMEROUS ORCHESTRATED CRISIS. Related articles William Black Before Congress Tells The Real Truth About Obama Devaluing The U.S. Dollar! ~ H.R. 1489…
The 10 States Getting Slammed By Foreclosures! MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks’ balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owners as lenders wait months or years before taking action.…
Born A Poor White Child Stockbroker. Born Bernard Lawrence Madoff on April 29, 1938, in New York City to parents Ralph and Sylvia Madoff. Ralph, the child of Polish immigrants, worked for many years as a plumber. His wife, Sylvia, was a housewife and the daughter of Romanian and Austrian immigrants. The couple married in…
Wall Street bonuses are set to fall by an average of 20 to 30 percent this year from a year ago, according to a closely watched compensation survey — the weakest bonus season since the financial crisis and a reflection of the leaner times confronting the industry.
“We’re reaching a tipping point where land sales are dropping much faster than before, developers are losing more access to bank financing, and housing prices are showing weakness,” Nomura’s Zhang said in an interview in Beijing yesterday.
The hottest market in the hottest economy in the world is Chinese real estate? The big question is how vulnerable is this market to a crash. One red flag is the vast number of vacant homes spread through China, by some estimates up to 64 million vacant homes.
MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks’ balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owners as lenders wait months or years before taking action. The housing market‘s ballooning shadow inventory —…
Many people may have thought that the massive wave of foreclosures must be over by now, roughly four years after the subprime mortgage crisis began. Most banks however were bending over backwards trying to make deals to avoid foreclosing on millions of other people. After giving people months, if not years of leeway, it’s become…
READ THE ABOVE LINKS AND MAKE NOTE HOW THE DEMOCRATS/SOCIALISTS BLOCKED PRESIDENT BUSH’S OVERSIGHT AGENCY ON FANNIE MAE AND FREDDIE MAC IN 2003 AND HOW THE DEMOCRATS/SOCIALISTS BLOCKED S.190 IN 2005 THAT BOTH WOULD HAVE PREVENTED PREDATORY LOANS/BILKING OF AMERICA’S WEALTH. THIS WAS TO SET UP A WELFARE STATE SUCH AS THE FAILED STATES OF…
