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POPSSmall Business Owners Lose in Credit Crunch But despite the taxpayer bailouts that have allowed the banks to stay afloat despite plunging the country into a banking crisis they are generally not lending, even though they are doing well again. For the most part, they still holding on to their capital.
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POPS Limo Libs Take A Hit Barney didn’t do so bad, though. Not so good at managing other people’s money, but a shrewd investor where his own bottom line is concerned. Rep. Barney Frank, chairman of Congress’ financial services committee, which oversaw the banking crisis, suffered relatively minimal losses as his net worth went from an estimated $1.3 million to $972,000, the study found. “The fact is it depends on where people had their money. In my case, I have been most heavily invested in assets that didn’t suffer major losses,” Frank said. “Members of Congress are full participants in the economy - for the good and the bad.” Here’s the net worth of the Massachusetts delegation. Boston Herald . http://bit.ly/70Lwaz Question: How do career public servants, who have presided over decades of mounting deficits and repeated financial debacles, rack up this kind of wealth? I know, there’s golddigging here, legacy there, stints in white-shoe law offices .......
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POPSWHAT IF HE IS RIGHT?????????????????? David Kaiser is a respected historian whose published works have covered a broad range of topics, from European Warfare to American League Baseball. Born in 1947, the son of a diplomat, Kaiser spent his childhood in three capital cities: Washington D.C. , Albany , New York , and Dakar , Senegal .. He attended Harvard University , graduating there in 1969 with a B.A. in history. He then spent several years more at Harvard, gaining a PhD in history, which he obtained in 1976. He served in the Army Reserve from 1970 to 1976. He is a professor in the Strategy and Policy Department of the United States Naval War College. He has previously taught at Carnegie Mellon, Williams College and Harvard University . Kaiser's latest book, The Road to Dallas, about the Kennedy assassination, was just published by Harvard University Press.
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POPSthe giant hole What this argument leaves out is Fannie and Freddie. The evil and greedy bankers (curiously intent on making loans that could not be repaid) were able to sell these loans to Fannie and Freddie. If there had not been these quasi-governmental corporations backing them they would not have been making loans and they would never have been capitalized. It may be true that there was a "giant hole" in the safety net, but the truck that drove through it was financed by the government's own creatures.
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POPS(NOT)Federal (NO)Reserve - Bank After watching this video This video here that i have clipped is a must see. It is the Beginning of the criminal control of these global Banking Families. http://clipmarks.com/clipmark/8D34CDB8-B4BA-475A-A016-BA569688751A/
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POPSTagged Carroll Trust The UK HM Inland Revenue and Customs is completing an exhaustive investigation into the rapid break-up and liquidation of a multi-national industrial and philanthropic conglomerate which once boasted assets totalling over one billion dollars under the umbrella of the Carroll Foundation and the Carroll Global Corporation being one of the main world wide operating structures of the Carroll Foundation Charitable Trust which controlled over 85 corporations. The report will be passed to the HM Attorney Generals Office and Britain's Metropolitan Police Scotland Yard Serious Organised Crime Agency (SOCA). At the centre of the inquiry is the Carroll Global Group of Companies, a family-owned commercial dynasty stretching back three generations in the United Kingdom with very close links with the Carroll families in Ireland and on the eastern seaboard of America in the State of Maryland.
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POPSALMS for the poor! The administration wants to give more power to the Federal Reserve. Some senators on the Senate Banking Committee are reluctant to expand the Fed's powers, and are proposing a council similar to what Bair advocates.
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POPSMoney, Banks, Finances Here are some tips and ideas on how to spend money wisely, fight the crisis and how to get insured by the insurance companies.
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POPSIndymac Bank Read more details about IndyMac Bank, a bank that provides a number of home mortgage products that are mostly first lien residential loans and huge full-documentation loans and home equity lines of credit.
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POPSWill he jump? While some passers-by like 23-year-old Verena Kircher found the piece "alarming," others like Caroline van Kelst thought it was beautiful. "It is crystal clear that this is not a suicide," she said. "He has definitely got something about him which is majestic, not desperate."
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POPSSmall Banks Fail in Big Numbers
Closures and government takeovers of failing banks have become so routine that they barely gets noticed each Friday when the FDIC makes its announcements. While the banking crisis began with escalating defaults and foreclosures on home mortgages, the increase of bank failures in recent weeks has been driven by rising losses on commercial real estate loans, which are starting to default in large numbers. Community and regional banks hold a disproportionate share of commercial real estate and construction loans. My sister-in-law works at a local bank and says they are only accepting signature loan applications, fixed 5-yr home loans, and no car loans. My brother-in-law sells commercial real estate and every loan he has setup this year has been denied. My wife works for a car dealer who is losing his lines of credit after years of pristine credit. Our home value lost $50,000 and our property taxes went up $500. How the middle class is going to survive this mess is anyone
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POPSEntering the Greatest Depression in History Loose credit, easy spending and massive debt is what has led the world to the current economic crisis, spending is not the way out. The world has been functioning on a debt based global economy. This debt based monetary system, controlled and operated by the global central banking system, of which the apex is the Bank for International Settlements, is unsustainable. This is the real bubble, the debt bubble. When it bursts, and it will burst, the world will enter into the Greatest Depression in world history.
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POPSThe Power Vertical Biden said "Russia has to make some very difficult, calculated decisions" and that Washington "vastly" underestimates its hand vis-à-vis the Kremlin: The reality is the Russians are where they are. They have a shrinking population base, they have a withering economy, they have a banking sector and structure that is not likely to be able to withstand the next 15 years, they're in a situation where the world is changing before them and they're clinging to something in the past that is not sustainable. Biden went on to say that the Russian leaders "aren't absolute average-intellect ideologues who are clinging to something nobody believes in. They're pretty pragmatic in the end."
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