Blowing the Lid Off the Mortgage Industry
From the category archives:
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The sickening feeling in my stomach continues to worsen. AIG is looking to clawback a $490 million endowment and the $27 million in donations already made to charities to pay employee bonuses instead. The New York Post [...]
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As much as I enjoyed Rick Santelli’s rant about the Obama administration’s homeowner bailout; Jon Stewart takes the cake with this pointed (and hilarious) retort which basically ruins the network for its well-known perma-bull bull#$%@.
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The Daily Show With Jon StewartM – Th 11p / 10c
CNBC Gives Financial Advice
Daily [...]
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See The Fed vs. ROI!
Dow Jones vs. Goldman!
Watch as Fannie Mae gives Merrill Lynch the dreaded No Bailout Bird!
!!!!ALL THIS and MORE in the ULTIMATE MELTDOWN SMACKDOWN!!!!
Watch it on YouTube. NOW!
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If you found the idea of billions of dollars being funneled out of your paychecks and in to banks with little accountability or oversight (see: TARP) was bad, wait till you see what they’ve been used for. Since receiving billions of dollars from taxpayers the largest banks in the country (see: TARP recipients) have spent [...]
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HuffPo has an interesting piece that quotes a famous New York madam as accepting corporate credit cards to pay for the proclivities of johns from the banking industry. No doubt some of these are our nation’s finest from Bear Stearns, JP Morgan, Citi, Lehman, and the other Wall Street banks currently holding billions of dollars [...]
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Americans lost more, in terms of home values, during the final quarter of 2008 than in all of 2007. According to Zillow Real Estate Markets Report, home values fell 11.6 percent or $1.4 trillion during the eighth consecutive quarter of declines.
The declines mean that U.S. homeowners lost a cumulative $3.3 trillion in home values during [...]
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At dire times like these, we can all use a laugh or two. So our thanks to the author of the report, ?Housing Markets Will Roar Back in 2009.? At least I?m supposing that it?s brilliant satire because the only other explanation is out and out lunacy. Always hard to tell because as Spinal Tap?s [...]
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I love this stuff. Hat tip to Jeff, who runs the awesome NADA Guides blog (for you gearheads), for sending this in.
Where are your TARP funds going? And they are yours, you know. Those $700 billion will be financed on your behalf for stuff like this, instead of the school, hospital, roads and lower taxes [...]
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A great graph by EconomPicData shows just how much of the cash dolled out by Hank Paulson will actually remain in the system. The bottom line? From the $125 billion handed out to-date to the largest 9 banking institutions a mere $17 billion will go towards recapitalizing the system. The rest? Yup – bonuses and [...]
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Which is more unbelievable: that “How to Get Rich Quick in Real Estate” courses are still actively being marketed or that people might still be buying them?
LEARN FROM THE AUTHORITY IN REAL ESTATE INVESTING
Looking to jump into the realestate market? Don’t know where to turn for help?
Now you can learn from the world’s most TRUSTED [...]
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