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POPSHUD Admits Unqualified Borrowers Would Increase Risk Of Defaults Watch this video. Send the link to friends. We are on the verge of rewarding the party and the man who laid the groundwork for this fiasco with control of the government. Yes, Wall Street was greedy, but the Democratic Party and people like Barack Obama, Barney Frank, Chris Dodd, Greg Meeks, Franklin Raines and so many more plowed the field so that greed could grow. Remember that on election day. Get angry. :mad: LINKS: More from AJ Strata, who notes Obama saying that the point was to spread the risk not just across America, but the globe. That turned out real good, didn't it?
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POPS The "Great Wall Street Heist" of 2008 Reagan added: “I hope John McCain will not shrink from pointing the finger of blame where it belongs – at Barack Obama, who fed greedily at the trough of Fannie Mae and Freddie Mac while their top people, including two of his own campaign associates, were flim-flamming the American people. It’s a Democratic scandal from beginning to end, and the American people deserve to know it.”
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POPSHedge Fund's Trade Secrets In Manipulating The Global Stock Markets 
- have been savaged far more than Wall Street's errant financiers even though they have yet to write off a single extra cent in bad debt since the credit crisis hit last year. At the moment, they are simply making prudent and relatively tiny provisions in case anything does go wrong. The ASX financial index has been slashed by 30.3 per cent since November 1. But on Wall Street, the cause of the problems, the Dow Jones banking index has fallen just 21 per cent. How could that possibly be? The answer is that the traders have found a chink in Australia's regulatory armour. The hedge funds have found a way to manipulate the market through a process known as short selling. This is where traders sell stocks if they think the share price will fall in the future. Then they buy them back at a lower price later on. It is perfectly legal and even encouraged as it can add liquidity to markets. In recent years, however, the practice has become more sophisticated and incredibly complex.
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POPSAlan Greenspan's Culpability: From Keating to the 2008 Economic Crisis In 1985, Keating hired Alan Greenspan as an economic consultant, in an unsuccessful effort to convince an oversight agency to exempt Lincoln Savings from certain regulations. Greenspan delivered a favorable report, writing that Lincoln Savings was “a financially strong institution that presents no foreseeable risk to depositors or the government.” (Greenspan produced similar favorable reports on numerous other banks that also failed soon after).
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POPSGM falls to 1950 levels; European sales stung I really am debating buying this. If they would just have a whole line of hybrids and electrics ready to go in a year or two I would gobble up this stock. But right now they seem to be holding on to the illusion of gas/diesel vehicles. Not as bad as ford, but certainly they are not going the route of toyota.
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POPSAnother bailout story Honestly, the world has always been about money and power. If you're not rich, just try to enjoy the ride as we see the end to the world as we know it
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POPSSelf Directed IRA Sunwest Trust provides self directed IRA services enabling investors to truly diversify their IRA retirement account. Watch the video to learn more.
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POPSWhy no outrage over foreclosures? Why do we automatically assume the buyers are at fault? Did they risk other peoples' money? Did they know we were in a housing bubble? Was it explained that the ARM would default if their home value declined? Why do we let professional sales-people make money leading people into the largest purchase in their lives without issuing precautions that first-time homebuyers often do not understand? And why is the homebuyer the loser, rather than the shyster that sold them a loan they could not possibly have understood? Why do we let them take our homes away?
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POPS This Bailout Was A Terrible Idea! Here's Why This lending was a wholesale abandonment of reasonable lending practices in which borrowers with poor credit characteristics got mortgages they were ill-equipped to handle. Talk of Armageddon, however, is ridiculous scare-mongering. If financial institutions cannot make productive loans, a profit opportunity exists for someone else. This might not happen instantly, but it will happen. The costs of the bailout, moreover, are almost certainly being understated. The administration's claim is that many mortgage assets are merely illiquid, not truly worthless, implying taxpayers will recoup much of their $700 billion. The bailout has more problems. The final legislation will probably include numerous side conditions and special dealings that reward Washington lobbyists and their clients. Anticipation of the bailout will engender strategic behavior by Wall Street institutions as they shuffle their assets and position their balance sheets to maximize their take.
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POPSMcCain pushes $300 billion mortgage plan I def. think he is Fracking high on something. First, this "plan" would piss off a lot of people who bought houses they could afford and would then watch others who bought houses they could not afford (granted given bad advice/loans) and have taxpayers bail them out so they can stay in homes they really should not be in, in the first place. If there had been oversight in the govt and better regulation, none of these people would be in the situation they are in because it would have been a crime for these douche bag mortgage brokers and others to pitch them and give them the loans. So now this guy wants to take another $300 billion on top of the almost trillion the tax payers have already put into this mess. What a fracking idiot.
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POPSA. I. Greed No wonder main street looks down their noses at Wall Street. No wonder the average, hardworking, taxpayer, playing by the rules, to make ends meet look with upon corporate CEO's with such disgust.
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