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POPSPlanting Seeds of Disaster
In one of the first book-length scholarly studies of ACORN, Organizing Urban America, Rutgers University political scientist Heidi Swarts describes this group, so dear to Barack Obama, as “oppositional outlaws.” ACORN’s Inside Strategy Yet ACORN’s entirely deserved reputation for militance is balanced by its less-well-known “inside strategy.” The untold story of ACORN’s central role in the financial meltdown is about the one-two punch to the banking system administered by this outside/inside strategy. Critics of the notion that CRA had a major impact on the subprime crisis ask how a law passed in 1977 could have caused a crisis in 2008? The answer has a lot to do with ACORN — and the critical years of 1990-1995. Banks merger or expansion plans were rarely held up under CRA until the late 1980s, when ACORN perfected its technique of filing CRA complaints in tandem with the sort of intimidation tactics perfected by that original “community organizer” ,Saul Alinsky.
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POPSHow to recession-proof your family EXACTLY! 'Why does Suze Orman say people first, then money, then things?'" she says. "It means if we cared about people more than we cared about money, we would not be having what happened today, because the people who run the corporations, if they had cared about all of you, they wouldn't have created loans that you couldn't afford."
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POPSMore liquidations coming? In the past few years, not only were banks and hedge funds willing to find a way to give loans to desperately struggling companies, but most companies were able to get debtor-in-possession financing to weather bankruptcy. Retailers like Linens N Things might have had the option to enter bankruptcy protection, exit troublesome leases, and shape up its business. Is Linens N Things impending liquidation a sign that retailers and companies in other industries will be forced to liquidate irather than rework a business in bankruptcy?
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POPSRemoving a Bankruptcy With a bankruptcy on your credit report, most lenders look no further; they see that note and immediately reach for the big, red DENIAL stamp. This article will help you in removing a bankruptcy from your credit report.
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POPSInnocent Govt Bailing out Evil Industry=NOT ! Congress passed the Sarbanes-Oxley Act in 2002, placing some very stringent, inappropriate, and inflexible reporting rules on financial institutions. Under this law, financial assets must be valued at fair market value--- even if they are not for sale! The Working Capital Model eliminates this problem entirely, but it is difficult to apply when the individual securities are not identifiable. More than 95% of Americans are making their mortgage payments right on schedule, yet there is no market for the financial products that contain these mortgages. Consequently, balance sheets reflect trillions of dollars less than the maturity value of the securities held by the financial institutions.
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POPSA strong condemnation based on voting record "We face a perfect financial storm,” Kucinich warned. “The elements are the deficit spending for the war of 3 to 4 trillion dollars, the trillion and more tax cuts, the war itself and the lack of serious investment in the country. We are being hollowed out. We are going to see more unemployment and more people losing their homes. With $700 billion we could have made a real investment in the country, in jobs, in infrastructure and in homes. Instead, we got robbed.”
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POPSChalmers Johnson on the "Pentagon Bailout" "There has been much moaning, air-sucking, and outrage about the $700 billion that the U.S. government is thinking of throwing away on rich New York bankers who have been ripping us off for the past few years and then letting greed drive their businesses into a variety of ditches. In fact, we dole out similar amounts of money every year in the form of payoffs to the armed services, the military-industrial complex, and powerful senators and representatives allied with the Pentagon. "
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POPSRemoving a Bankruptcy With a bankruptcy on your credit report, most lenders look no further; they see that note and immediately reach for the big, red DENIAL stamp. This article will help you in removing a bankruptcy from your credit report.
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POPSHot Seat Reserved For Fuld Similar hearings last year grilling corporate America's top dogs about "unjustified" compensation amounted to nothing. It's likely the same will transpire in this hearing.
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POPSRemoving a Bankruptcy With a bankruptcy on your credit report, most lenders look no further; they see that note and immediately reach for the big, red DENIAL stamp. This article will help you in removing a bankruptcy.
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POPS Sen. Reid Cries 'Bankruptcy' In Front Of Reporters The SEC has been issuing subpoenas for an investigation into rumor-driven market manipulation. Of course, Harry Reid stood up in broad daylight to talk about a troubled insurer "with a name that everyone knows," so his contribution was merely obtuse. And predictably destructive. The steep drop in the share prices of insurance companies Thursday destroyed wealth for uncounted middle-class investors holding onto stock in companies still considered healthy. It calls to mind *Senator Chuck Schumer's public suggestion in July that troubled IndyMac Bank "could face collapse." It did, after a deposit run. Senator Schumer said criticizing his action was akin to blaming "the fire on the guy who called 911." The nation's shareholders would sleep better at night if some Members of Congress enrolled in Arsonists Anonymous. The $4 Billion Senator* http://online.wsj.com/article/SB121607771017452513.html?mod=article-outset-box
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