Archive for May, 2009
If you (enter any Washington Politiot) voted for any of the bailouts YOU”RE FIRED!!!
Let’s not vote for any of these idiots back in their positions in future elections. How else can we get our points across?
I just read that the government added an additional $50,000 per each US household of new entitlement debt raising the over all total to over $500,000 PER HOUSEHOLD.
With the average household income of just over $50,000 that means that we all would have pay a minimum of 25% or our income for 40 years to pay it off, and that is not taking into account the 2009 spending, inflation or interest!
IS NO ONE IN WASHINGTON ABLE TO THINK ANYMORE? DON”T THEY REALIZE THAT EVERY DOLLAR SPENT ON TAXPAYERS HAS TO COME FROM TAXPAYERS?
It is no wonder that foreign investors are hesitant to keep propping us up by buying our debt in the form of Treasury bonds.
I hereby proclaim that our families are too important to let fail. Forget the big fat cat insurance company and bank execs.
Let’s vote these clowns out of office.
FNM 4.o Tanks
FNM 4.0 Tanks
The Fannie Mae 4.0 Bond dropped over 200 ticks today in a major correction. All parties, banks, insurance, hedge funds ect. were selling in a big way.
The effect will be in mortgage rates on new origination rising .375 to .5 % to the 5% or so range for conforming loans with no loan level price adjustments.
Oh my!
Check out this video.
Upon insurmountable debt, the failure of government owned Fannie and Freddie and the obviously unending spending frenzy of the government how can the credit rating agencies still be giving US credit the highest rating?
It is rumored that back in the first Bush administration that the executive branch threatened the credit rating agencies when they considered downgrading the US credit rating.
Some argue, myself included that being that we have resorted to printing more money and hence devaluing our own l in order to pay our debts, that we have, in any sane evaluation, destroyed our credit rating no matter how S&P or Moody’s grades it.
Others argue that the credit rating can only be maintained through the sovereignty of the US military, in essence making the US the safe haven for currencies of all types. I think there is a valid argument there, but it could lead to the dollar no longer being the de facto currency of the world.
It as also arguable that upon recognition of this fact, and the complete disintegration of the dollar based economy and therefor any economy that is so tightly bound to it (all of them basically) that the only safe money is in commodities that will inevitably result in returning to a bartering economy.
Could this be just the stick that the liberals need to shove the one world currency down the throat of the US citizens? See http://www.youtube.com/watch?v=7nD7dbkkBIA and www.bilderberg.org on one world currency. The long version of Russo’s opinion http://video.google.com/videoplay?docid=-1656880303867390173
I am not saying that all of this is gospel, but check it out.
Give me control of a nation’s money supply and I care not who makes its laws.
Mayer Rothshchild
All right, did I miss something?
According to the NY Times, http://projects.nytimes.com/creditcrisis/recipients/table we have given automakers GM and Chrysler almost $25,000,000,000 in bailout monies, the latest being an additional $3,000,000,000 to Chrysler on May 1 this year.
Now, the automakers (Chrysler for sure) are going bankrupt and are going to be bought at fire sale by foreign investors (Fiat for Chrysler).
Wasn’t the argument for the bailout that we could not afford to lose these long standing AMERICAN companies? They are just too important for the US economy.
I’m sure we look like fools again to all of the world. I want to know what happens to all of this money that has gone to them. We’re talking $10,000,000,000 just to Chrysler. According to the most recent number I could find, Chrysler employs about 77778 worldwide. That comes to about $128,500 per employee.
Want the real problem with this, look at this great article written about the bailout.
Here is an excerpt
Should the U.S. government let Chrysler fail? Let’s reword the question: Should the government force taxpayers to subsidize a company whose products do not meet the market test?
Here’s the catcher, it was written about the first bailout in 1979. And you thought Ozzy was the original Prince of Darkness since 1979.
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