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POPSFannie & Freddie NOT included in Obama's Financial Regulations In analyzing the mortgage crisis, economist Walter E. Williams has written: “Starting with the Community Reinvestment Act of 1977, that was given more teeth during the Clinton administration, Congress started intimidating banks and other financial institutions into making loans, so-called sub-prime loans, to high-risk homebuyers and businesses. “The carrot offered was that these high-risk loans would be purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac. Anyone with an ounce of brains would have known that this was a prescription for disaster but there was a congressional chorus of denial,” he added. “The financial collapse of Fannie Mae and Freddie Mac is not a failure of the free market because lending institutions in a free market would not have taken on the high-risk loans,” said Williams. “They were forced to by the heavy hand of government.”
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POPSEquitable PCI Bank Trivia on Equitable PCI Bank, The Equitable Banking Corporation was established by Go Kim Pah after the 2nd world war while seeing the need to revitalize the country's economy. The first headquarters was built in Binondo, Manila where trade and business started to flourish. It was the first commercial bank licensed by the newly created Central Bank of the Philippines.
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POPSU.S.bank CEO Pay Dwarfs Rest of World "The U.S. executive pay levels have always dwarfed pay for companies elsewhere in the world," said Sarah Anderson, a fellow with the Institute for Policy Studies, which is critical of Wall Street, and co-author of the recent study "America's Bailout Barons." "They have claimed it is impossible to recruit people without paying such compensation. Yet, if you look at the pay levels in Europe and in a lot of Asian countries, somehow they manage to find people who can run major global firms while making a fraction of what they make in the U.S.," she said. "These kinds of figures undercut the main argument by the U.S. financial industry lobby that they will lose top talent to competitors in Europe or Asia," Anderson said.
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POPSToo Small Too Late, Out of Money The unintended consequence of government spending, bailouts , and other nonsensical problems the politician believes can be fixed with money, will rest on the backs of the boomers. This time, I think they are tired of carrying the "perfect society social programs" without defining what they are getting at the end of the line? No SS increases, Death panels, and govt. bureaucracy???
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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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POPSEnd the Fed? Not such a crazy idea. So a call to end the Fed would have been anything but crazy in 1934. Three-quarters of a century and a dozen crises later, there are plenty of grounds for insisting that it hasn't gotten any crazier.
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POPSThe American Road to Fascism -- a synopsis of Chris Hedges' new book, Empire of Illusion" "Meanwhile, our government is being wrecked by corporations, which now receive 40% of federal discretionary spending. More than 800,000 jobs, once handled by government employees, have been outsourced to corporations, a move that has not only further empowered our shadow corporate government but also helped destroy federal workforce unions. Management of federal prisons, the management of regulatory and scientific reviews, the processing or denial of Freedom of Information requests, interrogating prisoners, and running the world's largest mercenary army in Iraq -- all this has become corporate. And these corporations, in a perverse arrangement, make their money directly off of the American citizen. This devil's deal is but an expansion of the corporate welfare enjoyed by the defense industry."
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POPSCongress's Travel Tab Swells 
Spending on Taxpayer-Funded Trips Rises Tenfold; From Italy to the Galápagos Lawmakers frequently bring along spouses on congressional trips. If they take commercial flights, they have to buy tickets for spouses. If they fly on government planes -- as they usually do -- their spouses can fly free. Paris Air Show In mid-June, Sen. Daniel Inouye (D., Hawaii) led a group of a half-dozen senators and their spouses on a four-day trip to France for the biennial Paris Air Show. An itinerary for the event shows that lawmakers flew on the Air Force's version of the Boeing 737, which costs $5,700 an hour to operate. They stayed at the Intercontinental Paris Le Grand Hotel, which advertises rooms from $460 a night. The lawmakers were invited to a dinner party at the U.S. Embassy and had cocktails at a private party at the Eiffel Tower. Mr. Inouye attended a dinner sponsored by the Aerospace Industries Association, a U.S. trade group. Another senator on the trip, Alabama Republican Sen. Ri
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POPSWhat will cause the next US financial crisis! Repos and not subprime mortgages caused the present financial crisis. The top three banks in the world by market capitalization are now; 1) Industrial and Commercial Bank of China 2) China Construction Bank 3) Bank of China Citibank and Bank of America are not even on the list of the top twenty.
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POPSOptions Mastery Class Giveaway and Webinar Tonight Brett Fogle, President of Options University, is about to start giving away their Options Mastery Series course. Why? Because they believe we’re headed for even more market volatility in the future, and we may have only just seen the beginning of the US market meltdown. Brett Fogle says: "We could put in a bottom here, but we’ll likely go much lower with the U.S. Commercial Real Estate market on the verge of collapse, and residential home foreclosures at record numbers (so high, the banks can’t officially "post" them all)...which means U.S. banks are also in danger." Basically, he wants to let you know that they care about U.S. investors, and want to get this information into the hands of as many of you as possible.
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POPSSecrets of Real Estate Finance Revealed It is critical for you to understand how to finance investment property if you are to be successful with your real estate investment business.Finance is the life blood of real estate. Without finance there is no real estate.
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POPSFeinstein Steers $25Billion Federal Dollars To Husband's Company Spokesmen for the FDIC, Mrs. Feinstein and Mr. Blum's firm told The Times that there was no connection between the legislation and the contract signed Nov. 13, and that the couple didn't even know about CBRE's business with FDIC until after it was awarded. Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars. About the same time of the contract award, Mr. Blum's private investment firm reported to the Securities and Exchange Commission that it and related affiliates had purchased more than 10 million new shares in CBRE. The shares were purchased for the going price of $3.77; CBRE's stock closed Monday at $5.14.
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POPSAccount Receivable Financing Accounts Receivable Financing is the Way to Increasing Profits explores how to increase a business profits by using accounts receivable financing, HRH Funding Solutions provides various cash flow solutions that include Invoice Factoring, Account Receivable Financing that helps you to take your business to the next level.
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