In my younger days, I was not much of an Ozzie Osbourne fan. But, on occasion one of my housemates would be driving me nuts with Black Sabbath’s music and I’d catch some lyrics that resonated.
Today, the words from Black Sabbath’s “War Pigs” comes to mind, especially when I listen to the stupid, usless words coming from our elected officials and their appointed henchmen.
COST OF A GLOBAL EMPIRE
Generals gathered in their masses
Just like witches at black masses
Evil minds that plot destruction
Sorcerers of deaths construction
In the fields the bodies burning
As the war machine keeps turning
Death and hatred to mankind
Poisoning their brainwashed minds, oh Lord yeah!
The U.S. war machine keeps turning. As we enforce our will on foreign countries, we produce more people who hate us.
Just when you think the U.S. government is beginning to make sense by withdrawing troops from Iraq, they make the terrible decision to shuttle 21,000 more troops into the Afghan calamity.
At a cost of $3.2 billion per month, we will throw another $38 billion down a rat hole in a country that has no vital strategic importance to the United States.
Barack Obama is doing this to prove that he is a true statesman.
In a word – CRAP. Obama, how up impressing us and stop trying to promote yourself. Leadership is about taking the right action, not about sucking up to a bunch of self-serving international politicians.
The Soviet Union killed over 1 million Afghans, while driving another 5 million out of the country and the Soviets left bankrupted and defeated after ten years.
Young Americans will continue to die for who? For what?
Our foreign policy during the last eight years can be summed up in one military term, SNAFU - Situation Normal All Fouled Up.
These foreign interventions are a smoke screen for what is really going on in this country. When a government has unsolvable domestic problems, they try to distract the public by creating foreign conflicts.
General Douglas MacArthur understood the danger. "I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.”
Any doubt that the Military Industrial Complex is as strong as ever should be removed after examining Obama's 2010 budget.
It calls for 26% more in spending on Defense than President Bush spent in 2006.
Hey, the Soviet Union collapsed in 1989, leaving the United States as the only remaining superpower on earth.
Since 1990, the United States has depleted the U.S. Treasury of $7 trillion for spending on Defense.
There is no military on earth capable of challenging us, so why would there be a need to spend this much on the military?
Over this same time frame the U.S. spent $360 billion on science, space & technology and $52 billion on energy, a mere 6% of the spending on killing machines.
Military expenditures benefit humanity in no way.
If these trillions had been invested by the private sector or devoted to energy and scientific research, our economy might not be a hollowed out shell dependent on China and oil exporting countries.
Nationalists argue that the Defense industry employs millions and benefits the country.
These companies employ brilliant engineers and scientists who spend their days developing things that kill people more efficiently.
If they had been employed developing electric cars, solar power, wind power, nuclear power, an efficient electric grid, infrastructure upgrades, or finding a cure for Alzheimer's, would the United States be better off today?
The National Debt in 1990 was $3.2 trillion.
Today, it is $11 trillion.
This is a 343% increase in nineteen years.
What benefit has $7 trillion of spending on Defense produced for the United States or the world?
In 2001, spending on Defense was 17% of total governmental spending.
In 2008, Defense, Homeland Security, and war spending accounted for 26% of government spending.
In the meantime, major cities have had blackouts due to an overloaded electrical grid, our 156,000 structurally deficient bridges crumble, one hundred year old water pipes burst under our streets every day, and we send $500 billion per year to foreign countries for oil.
FYI, the 19 terrorist hijackers who implanted their plan with knives spent less than $500,000 to pull off their 9/11 acts of terror.
The United States has spent over $1 trillion in response, without capturing the mastermind of the attacks.
The National Debt in 1990 was $3.2 trillion.
Today, it is $11 trillion. This is a 343% increase in nineteen years.
What benefit has $7 trillion of spending on Defense produced for the United States or the world?
In 2001, spending on Defense was 17% of total governmental spending.
In 2008, Defense, Homeland Security, and war spending accounted for 26% of government spending.
In the meantime, major cities have had blackouts due to an overloaded electrical grid, our 156,000 structurally deficient bridges crumble, one hundred year old water pipes burst under our streets every day, and we send $500 billion per year to foreign countries for oil.
The 19 terrorist hijackers who implemented their plan with knives spent less than $500,000 to pull off their 9/11 acts of terror.
The United States has spent over $1 trillion in response, without capturing the mastermind of the attacks.
You would think we must be trying to keep up with our enemies by spending $765 billion per year on the Military.
But the facts are that the United States is spending as much as the rest of the world combined!
Our two potential rivals, Russia and China, spent $192 billion combined in 2008. This is 27% of U.S. spending!
From a foreign perspective, one must wonder why the U.S. is spending such vast quantities on our military. They can only conclude that it is for offensive intentions rather than defensive.
The United States soil has not been attacked by a foreign power since December 7, 1941. Prior to that surprise attack, a foreign power hadn't attacked the U.S. since the War of 1812.
With this level of spending, our leaders feel compelled to interfere in the business of sovereign nations.
Killing the proposed 26% defense spending increase and a 10% cut would free up $225 billion. That means we could give evey one of the 15 million unemployed Americans a check for about $15,000.
You decide. More bombs or help out our co-workers and friends that have lost their jobs.
Make a difference call and write your elected officials today.
Tuesday, March 31, 2009
What would you do with $42,000?
I want you to imagine that tomorrow afternoon; you went to your mailbox and found US Treasury check for you for $42,000. And, there was another letter for your wife and every one of your children and each contained a $42,000 check. Wow, I’d bet that you would be one happy camper, and you’d probably pay off the credit cards, the car loan, and save or invest the rest.
For almost everyone I know, this would be a huge blessing, and would substantially change our life situation.
Well people, I’m sorry to say that we’re not getting the check. Instead, we are getting the $42,000 bill.
Yes, $42,000 for every man woman and child in America. That’s the amount ($14 Trillion) that this idiotic dishonest government has committed to Wall Street, the big banks, and hedge funds.
I don’t know about you, but I’m mad as hell about this. Why are Obama and his dynamic duo of Geithner and Bernanke destroying our futures while they are giving their friends and insiders our money? Why is Congress doing nothing to protect us as individuals from the nastiest recession in history. Why are we allowing 15 million and counting workers to lose their jobs, and millions of families to end up living in tent cities under the freeways?
More importantly, why have you not screamed bloody murder to your elected officials? I mean, this is more onerous that what set off a bunch of Bostonians to seize a British ship and dump its cargo of tea into the Boston harbor.
If this doesn’t get your blood boiling, I want you to go out and get two large poster boards. With a wide marker write “The Fed Stole $42,000 of my and your money and we did nothing.” Then, with a two pieces of string, string the boards together, drape them over your head, and go out to the busiest intersection you can find and march around for a few hours.
Maybe then you’ll realize how much we need to get rid of this lame excuse for a Government.
Revolution anyone?
For almost everyone I know, this would be a huge blessing, and would substantially change our life situation.
Well people, I’m sorry to say that we’re not getting the check. Instead, we are getting the $42,000 bill.
Yes, $42,000 for every man woman and child in America. That’s the amount ($14 Trillion) that this idiotic dishonest government has committed to Wall Street, the big banks, and hedge funds.
I don’t know about you, but I’m mad as hell about this. Why are Obama and his dynamic duo of Geithner and Bernanke destroying our futures while they are giving their friends and insiders our money? Why is Congress doing nothing to protect us as individuals from the nastiest recession in history. Why are we allowing 15 million and counting workers to lose their jobs, and millions of families to end up living in tent cities under the freeways?
More importantly, why have you not screamed bloody murder to your elected officials? I mean, this is more onerous that what set off a bunch of Bostonians to seize a British ship and dump its cargo of tea into the Boston harbor.
If this doesn’t get your blood boiling, I want you to go out and get two large poster boards. With a wide marker write “The Fed Stole $42,000 of my and your money and we did nothing.” Then, with a two pieces of string, string the boards together, drape them over your head, and go out to the busiest intersection you can find and march around for a few hours.
Maybe then you’ll realize how much we need to get rid of this lame excuse for a Government.
Revolution anyone?
Friday, March 20, 2009
Open Letter to the President re Getting a Mortgage
Dear President Obama.
The Home Mortgage Doublespeak Continues
Dr. Bernanke and his friends at the Fed seem to be completely out of touch with the real world.
I am a mortgage broker in Las Vegas. The Fed says it is using taxpayer money to drive down mortgage rates. But the banks are doing everything they can to maximize their profits and keep the mortgage rates high. This is the primary reason home sales are continuing to tank, regardless of what the rich boys at the Fed and the banks tell you.
Here’s and example:
A Veteran with a solid job, wants to buy a bank-owned, previously foreclosed home for less than $75,000.
He has modest savings and can put 5% down. He has good income and few expenses, so his debt-to-income ratios are conservative, 21% and 33%. His FICO score is 571 because he has some old medical collections on his credit report. Paying off the collections will reduce his FICO score – another stupid thing that is worth you looking into.
Now here’s where the banks are screwing the public once again:
1. Because his FICO is under 620 the banks want 3 additional points or $2250 upfront;
2. Because the loan is under $75,000 (too small) the banks want another 0.75 points or $563 upfront;
This totals 3.75 points or $2813 to do the loan, irrespective that the loan is VA insured. This is outrageous. But, it gets even more stupid.
The par VA interest rate is 4.875%. This would make the monthly payment $377.
Financing 1.85 points (the maximum the banks will allow) into the loan raises the rate to 6.875%, increasing the payment by $91 to $468, and still requires 2.15 points or $1612 upfront.
Now, we have the VA mortgage insurance. The funding fee is $2351 and the monthly premium is $32.
The Veteran buyer now pays $500 per month. But hold on here. Because the lender will only allow the seller (the foreclosed bank that desperately wants to sell the property) to pay no more than 6% of the closing costs, the VA insured buyer must pay an additional $678 in closing costs even though the seller is willing to pay this cost.
In summary, the banks have increased the buyer’s interest rate 2%, and gouged more than $6000 in fees for an average working American to buy a home. Mr. Bernanke and the Fed can buy all the T-bills they want – but the banks are still ripping us off.
I hope that you can see why we feel that you, Mr. President are not getting the straight talk from Mr. Bernanke and his banking buddies. The banks are making it almost impossible for average working Americans to purchase or refinance homes unless we pay them outrageous sums.
The Home Mortgage Doublespeak Continues
Dr. Bernanke and his friends at the Fed seem to be completely out of touch with the real world.
I am a mortgage broker in Las Vegas. The Fed says it is using taxpayer money to drive down mortgage rates. But the banks are doing everything they can to maximize their profits and keep the mortgage rates high. This is the primary reason home sales are continuing to tank, regardless of what the rich boys at the Fed and the banks tell you.
Here’s and example:
A Veteran with a solid job, wants to buy a bank-owned, previously foreclosed home for less than $75,000.
He has modest savings and can put 5% down. He has good income and few expenses, so his debt-to-income ratios are conservative, 21% and 33%. His FICO score is 571 because he has some old medical collections on his credit report. Paying off the collections will reduce his FICO score – another stupid thing that is worth you looking into.
Now here’s where the banks are screwing the public once again:
1. Because his FICO is under 620 the banks want 3 additional points or $2250 upfront;
2. Because the loan is under $75,000 (too small) the banks want another 0.75 points or $563 upfront;
This totals 3.75 points or $2813 to do the loan, irrespective that the loan is VA insured. This is outrageous. But, it gets even more stupid.
The par VA interest rate is 4.875%. This would make the monthly payment $377.
Financing 1.85 points (the maximum the banks will allow) into the loan raises the rate to 6.875%, increasing the payment by $91 to $468, and still requires 2.15 points or $1612 upfront.
Now, we have the VA mortgage insurance. The funding fee is $2351 and the monthly premium is $32.
The Veteran buyer now pays $500 per month. But hold on here. Because the lender will only allow the seller (the foreclosed bank that desperately wants to sell the property) to pay no more than 6% of the closing costs, the VA insured buyer must pay an additional $678 in closing costs even though the seller is willing to pay this cost.
In summary, the banks have increased the buyer’s interest rate 2%, and gouged more than $6000 in fees for an average working American to buy a home. Mr. Bernanke and the Fed can buy all the T-bills they want – but the banks are still ripping us off.
I hope that you can see why we feel that you, Mr. President are not getting the straight talk from Mr. Bernanke and his banking buddies. The banks are making it almost impossible for average working Americans to purchase or refinance homes unless we pay them outrageous sums.
Dr. Bernanke’s Out of Touch with Working America
Dr. B, I listened to your speech today to the Community Bankers, hoping that you might have in the last few weeks learned what is really going on down at our level – where working America lives. But, you again demonstrated that you live in a world that just doesn't get it.
The Fed can give trillions of dollars of our tax dollars to your friends and fat boy bankers, but they are not going to lend it to the average working American to buy a home. After all, why should they when they can take your free money and loan it to their buddies to build apartment buildings knowing they are creating housing demand by simply not making mortgages to hard working Americans.
Here’s the facts – although FHA and VA loans are supposedly not FICO driven, yet, the investors will not buy a loan unless the borrower has a minimum FICO of 620. Now get this through your academic elitist brain – the majority of working Americans have a FICO under 620. So they are simply shut out of the opportunity to buy a home or refinance.
Am I angry with you? Yes, as are the majority of Americans. You and your buddies just don’t get it. We know you are masterminding the destruction of the middle class with hostile credit and monetary policies. You talk the nice talk, but your actions only support the rich getting richer.
So, while you blather about how wonderful your policies are (for the rich) you are guaranteeing that hard-working middle-class Americans will continue to get screwed, loose their jobs and homes, and then suffer the results of soon to be massive inflation.
The Fed can give trillions of dollars of our tax dollars to your friends and fat boy bankers, but they are not going to lend it to the average working American to buy a home. After all, why should they when they can take your free money and loan it to their buddies to build apartment buildings knowing they are creating housing demand by simply not making mortgages to hard working Americans.
Here’s the facts – although FHA and VA loans are supposedly not FICO driven, yet, the investors will not buy a loan unless the borrower has a minimum FICO of 620. Now get this through your academic elitist brain – the majority of working Americans have a FICO under 620. So they are simply shut out of the opportunity to buy a home or refinance.
Am I angry with you? Yes, as are the majority of Americans. You and your buddies just don’t get it. We know you are masterminding the destruction of the middle class with hostile credit and monetary policies. You talk the nice talk, but your actions only support the rich getting richer.
So, while you blather about how wonderful your policies are (for the rich) you are guaranteeing that hard-working middle-class Americans will continue to get screwed, loose their jobs and homes, and then suffer the results of soon to be massive inflation.
Monday, March 16, 2009
Obama - Talk First with No Real Action
Sorry President Obama, but I'm now terribly disappointed with your continuous public posturing after the cash has gone out the door.
Today you're doing it yet again, spouting the noise that the AIG $165 million in bonus' should not have happened.
You didn't mention the $10 million Mr. Pandit of Citi bank collected from the taxpayers. Or the almost $10 million Mr. Lewis of Bank of America collected from us taxpayers. You didn't bother to mention the $165 million plus of TARP (Taxpayers Are Ripped Period) money that was redirected from the U.S. banks and handed over to Goldman Sachs (another of Mr. Paulson's friends and family program.) and foreign banks.
So far, it seems to me that you talk the talk for self promotion, but your policies are no better than your predecessor's. You have now presided over the redistribution of the average American's earnings into the hands of a small number of already rich and wealthy with the mantra "that no big financial institution shall fail".
Well, what about all of us that are failing and suffering?
While you polish your image with TV speeches, we're getting laid off, going without health insurance, wiping out our savings, losing our homes, and suffering more and more every day.
So here are my suggestions that would help the 15 million formerly working that you could immediately implement:
1. Increase the unemployment benefit to two times the local poverty wage level;
2. Exempt unemployment from all Federal, Social Security, Medicaid, and State taxes;
3. Have the Federal Government pay the both the employer and employee portions on unemployment benefit income for Federal, Social Security, Medicaid, and State taxes;
4. Have the Federal Government provide zero-cost medical insurance for the unemployed;
5. Extend unemployment benefits to when the individual returns to work at 75% of their former income, not the imaginary current weekly limit.
And, by the way, what stuff do you smoke that has you believing that 50+ year old former managers are going to get jobs building roads and electric grids? Come on now, please get real.
The Best Money Guy
Today you're doing it yet again, spouting the noise that the AIG $165 million in bonus' should not have happened.
You didn't mention the $10 million Mr. Pandit of Citi bank collected from the taxpayers. Or the almost $10 million Mr. Lewis of Bank of America collected from us taxpayers. You didn't bother to mention the $165 million plus of TARP (Taxpayers Are Ripped Period) money that was redirected from the U.S. banks and handed over to Goldman Sachs (another of Mr. Paulson's friends and family program.) and foreign banks.
So far, it seems to me that you talk the talk for self promotion, but your policies are no better than your predecessor's. You have now presided over the redistribution of the average American's earnings into the hands of a small number of already rich and wealthy with the mantra "that no big financial institution shall fail".
Well, what about all of us that are failing and suffering?
While you polish your image with TV speeches, we're getting laid off, going without health insurance, wiping out our savings, losing our homes, and suffering more and more every day.
So here are my suggestions that would help the 15 million formerly working that you could immediately implement:
1. Increase the unemployment benefit to two times the local poverty wage level;
2. Exempt unemployment from all Federal, Social Security, Medicaid, and State taxes;
3. Have the Federal Government pay the both the employer and employee portions on unemployment benefit income for Federal, Social Security, Medicaid, and State taxes;
4. Have the Federal Government provide zero-cost medical insurance for the unemployed;
5. Extend unemployment benefits to when the individual returns to work at 75% of their former income, not the imaginary current weekly limit.
And, by the way, what stuff do you smoke that has you believing that 50+ year old former managers are going to get jobs building roads and electric grids? Come on now, please get real.
The Best Money Guy
Thursday, July 31, 2008
The Paulson Maneuver - A Swindle in the Making?
Treasury Secretary Paulson is no dope. He knows that the U.S. economy cannot operate without foreign capital financing American excesses. He knows that our extravagant delusions of getting rich by borrowing more than you can ever pay back are con games. And, he knows that expensive bailouts can only work if overseas money comes rushing in. But what he knows and fears and is not telling us is that the foreign investors are getting worried.
In a free market economy, Fannie and Freddie might be allowed to go under. Investors and lenders would both suffer, but the economy would go on. Economies get stronger when they get rid of the heavy weight of excesses.
But, contrary to what Larry Kudlow and Steve Forbes would have you believe, this is not a free market. It is a market where the big players have the edge for themselves because they are connected.
FYI, since 2003, the Wall Street crowd was paid over $250 billion in bonuses on debt-backed securities that are now worthless. Now that these securities are nearly worthless, the U.S. government is bailing out the whole system. The Wall Street pros get to keep their bonuses, with not even a “thank you” to the feds. Remember, Paulson is a Wall Street boy with a purported multi-billion dollar net worth.
Paulson and the D.C. crowd know they can't let Fannie and Freddie go under because their debt is held by foreigners.
Even though I suspect the feds would love to stiff the foreigners, they can’t. At least not yet.
The Chinese, are the single largest lenders to U.S. government agencies. The feds desperately need that flow of juice from the Far East to continue.
So Paulson decided to let the stockholders take a loss, but not the bondholders. And presto, we have the Paulson Maneuver.
The Paulson Maneuver will hold until it is no longer needed or until all of these clowns leave town. And yes, that date is not far away. By deftly changing the short selling rules rules via the SEC, by writing what is effectively a blank check for Freddie and Fannie, and cloaking it in a banner that is promoted as rescuing homeowners, most of which will never get rescued, and by pressuring the FASB to delay requiring banks and financial organizations to honestly report their assets and liabilities, Paulson has put a tourniquet on the massive bleeding of our financial system.
IMO, this is a cute short term game allowing the connected to escape and leave the empty bag for the new arrivals in January.
But, back to our foreign investors. They will lose their money when inflation turns against them. When they are convinced that inflation exceeds their risk reward, they will dump the dollar and refuse to lend more to U.S. government agencies.
When the foreign investors bail, the feds will have no further use for them. And you will see the first ever default on U.S. debt.
Brace yourselves.
The Best Money Guy.
For honest home mortgages at the lowest rates and costs go to http://www.bestmoneyguy.com/ Don't waste your time with low ball bogus quotes designed to lure you into a bad surprise at closing. We deliver what we quote and always show you the wholesale rates and costs.
In a free market economy, Fannie and Freddie might be allowed to go under. Investors and lenders would both suffer, but the economy would go on. Economies get stronger when they get rid of the heavy weight of excesses.
But, contrary to what Larry Kudlow and Steve Forbes would have you believe, this is not a free market. It is a market where the big players have the edge for themselves because they are connected.
FYI, since 2003, the Wall Street crowd was paid over $250 billion in bonuses on debt-backed securities that are now worthless. Now that these securities are nearly worthless, the U.S. government is bailing out the whole system. The Wall Street pros get to keep their bonuses, with not even a “thank you” to the feds. Remember, Paulson is a Wall Street boy with a purported multi-billion dollar net worth.
Paulson and the D.C. crowd know they can't let Fannie and Freddie go under because their debt is held by foreigners.
Even though I suspect the feds would love to stiff the foreigners, they can’t. At least not yet.
The Chinese, are the single largest lenders to U.S. government agencies. The feds desperately need that flow of juice from the Far East to continue.
So Paulson decided to let the stockholders take a loss, but not the bondholders. And presto, we have the Paulson Maneuver.
The Paulson Maneuver will hold until it is no longer needed or until all of these clowns leave town. And yes, that date is not far away. By deftly changing the short selling rules rules via the SEC, by writing what is effectively a blank check for Freddie and Fannie, and cloaking it in a banner that is promoted as rescuing homeowners, most of which will never get rescued, and by pressuring the FASB to delay requiring banks and financial organizations to honestly report their assets and liabilities, Paulson has put a tourniquet on the massive bleeding of our financial system.
IMO, this is a cute short term game allowing the connected to escape and leave the empty bag for the new arrivals in January.
But, back to our foreign investors. They will lose their money when inflation turns against them. When they are convinced that inflation exceeds their risk reward, they will dump the dollar and refuse to lend more to U.S. government agencies.
When the foreign investors bail, the feds will have no further use for them. And you will see the first ever default on U.S. debt.
Brace yourselves.
The Best Money Guy.
For honest home mortgages at the lowest rates and costs go to http://www.bestmoneyguy.com/ Don't waste your time with low ball bogus quotes designed to lure you into a bad surprise at closing. We deliver what we quote and always show you the wholesale rates and costs.
Wednesday, July 30, 2008
Mark Your Calendar for the 2010 Implosion
At its board meeting earlier today, FASB voted today to have a single effective date for its proposed amendments to FAS 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, and FIN 46R, Consolidation of Variable Interest Entities, which impact off-balance sheet treatment of securitizations, including mortgage and other securitizations.
We wrote yesterday that the FASB was under intense pressure to delay implementing its proposed rule changes that would provide real transparency in financial accounting and would expose $5 to $10 Trillion in bogus assets to the light of day.
See http://thebestmoneyguy.blogspot.com/2008/07/plunge-protectors-united-create-another.html
The effective date agreed to today by the FASB board would be: fiscal years beginning after Nov. 15, 2009.
(Thus, for calendar year-end companies, the effective date is essentially 2010, a year later than the initial half of the ‘dual effective date’ originally proposed, which would have been 2009 - with a one year deferral for existing QSPEs to 2010.)
Nice move folks. Let's hide the garbage under the rug for another two years and hope that it will quietly go away.
Can't anyone on Wall Street or in Washington D.C. tell the truth? And what is supposed to happen before 2010 to fix this $5 to $10 trillion accounting deception? At some point this junk is going to bubble to the top.
In the mean time, enjoy the Plunge Protection Team's inspired market rallies.
The Best Money Guy.
For honest home mortgages at the lowest rates and costs go to http://www.bestmoneyguy.com/ Don't waste your time with low ball bogus quotes designed to lure you into a bad surprise at closing. We deliver what we quote and always show you the wholesale rates and costs.
We wrote yesterday that the FASB was under intense pressure to delay implementing its proposed rule changes that would provide real transparency in financial accounting and would expose $5 to $10 Trillion in bogus assets to the light of day.
See http://thebestmoneyguy.blogspot.com/2008/07/plunge-protectors-united-create-another.html
The effective date agreed to today by the FASB board would be: fiscal years beginning after Nov. 15, 2009.
(Thus, for calendar year-end companies, the effective date is essentially 2010, a year later than the initial half of the ‘dual effective date’ originally proposed, which would have been 2009 - with a one year deferral for existing QSPEs to 2010.)
Nice move folks. Let's hide the garbage under the rug for another two years and hope that it will quietly go away.
Can't anyone on Wall Street or in Washington D.C. tell the truth? And what is supposed to happen before 2010 to fix this $5 to $10 trillion accounting deception? At some point this junk is going to bubble to the top.
In the mean time, enjoy the Plunge Protection Team's inspired market rallies.
The Best Money Guy.
For honest home mortgages at the lowest rates and costs go to http://www.bestmoneyguy.com/ Don't waste your time with low ball bogus quotes designed to lure you into a bad surprise at closing. We deliver what we quote and always show you the wholesale rates and costs.
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