The Donald Wins the Pennant!!! The Donald Wins the Pennant!!!

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May 26, 2016. Tags: , , , , , , . Economy, Finance, Hillary Clinton, journalism, Labor Department, media, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

NY Votes ~ Trumpire State of Mind – No Sleep Til Brooklyn!!

Give us the big mo so we can steamroll to 1237 by June 7

TRUMP 2016

AMERICA FIRST

MAKE AMERICA GREAT AGAIN NY!!!

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April 18, 2016. Tags: , , , , , , , , . Celebrities, Economy, Finance, GOP, Immigration, Labor Department, Music, Obama Administration, Politics, Popular Culture, Taxes, Trump, Uncategorized, Unemployment Statistics, Wall St. Comments off.

Fxcktards On Parade: Fannie & Freddie Announce Mortgage Debt forgiveness for ‘certain’ borrowers 8 years after it would have helped the economy…

housinginyourhands

8 years late and an entire fxckin’ TARP trillion short boys. This will just pxss people off.

FHFA announces Principal Reduction Modification program. Details:

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers who are still struggling in the aftermath of the financial crisis to help them avoid foreclosure and stay in their homes.  The new Principal Reduction Modification program is a one-time offering for borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac and who meet specific eligibility criteria…

FHFA.gov Fact Sheet

• Are owner-occupants.

• Are at least 90 days delinquent as of March 1, 2016.

• Have an unpaid principal balance of $250,000 or less.

• Have a mark-to-market loan-to-value ratio of more than 115% after capitalization.

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April 14, 2016. Tags: , , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Finance, Foreclosures, GOP, Housing, Immigration, Labor Department, migrant crisis, Obama Administration, Politics, Popular Culture, TARP, Taxes, Trump, Uncategorized, Unemployment Statistics, Wall St. 1 comment.

Truckin’: Paul Ryan & GOPe increase H2B Visas 400% for Truck Driver jobs after GOPe funds NAFTA Superhighway between Mexico US & Canada

You rubes didn’t think all that transcontintental commerce was going to give YOU jobs did you?

‘course not. Say hello to the latest wave of work visas- H2Bs for Truck Drivers.

…“The more than 2,000 page year-end funding bill contains a dramatic change to federal immigration law that would increase by as much as four-fold the number of low-wage foreign workers provided to employers under the controversial H-2B visa programme, beyond what is currently allowed,” said Senator Jeff Sessions.

Sessions said that the H-2B visas will soar from 66,000 to 250,000 because of the language in the deal.

These foreign workers are brought in exclusively to fill blue collar non-farm jobs in hotels, restaurants, construction, truck driving and many other occupations sought by millions of Americans, he said….

There is only 1 job they won’t outsource or replace with visas, their own.

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April 13, 2016. Tags: , , , , , , , , , , , , , , , , . Economy, GOP, Heavy Metal, Immigration, Labor Department, media, migrant crisis, Obama Administration, Politics, Popular Culture, Taxes, Trump, Unemployment Statistics, Wall St. 1 comment.

The Housing Bubble Always Pops Thrice…

…or something.

We’ve been Through the Looking Glass for so long now I forget how many times we’ve bumped the fake bottom in 07.  Shedlock has the awesome charts, here we are in Housing starts in ’11-

housing starts CR

Someone should have played the Frozen soundtrack for Bernanke and Yellen and we would’ve been on the plateau end of a nice recovery by now. Let it Fxckin’ Go already. Instead we have miles to go to bottom out housing prices.

Importantly, extra requirements were added so well documented citizens have to jump through hoops, and if you have good credit they don’t want you-

…New government rules have mortgage lenders checking, and double-checking, the income status of borrowers. Now more than ever, lenders want to ensure that home buyers have the ability to repay their loan obligations…

Personally I think all that was needed was removing the high risk low underwriting loans backed by tax dollars. Jamie Dimon wants to lend to everyone with a pulse? Great, but not on my back jack. But instead we got extra regs and the undocumented applications got bumped up and okayed increasing the risks of another national bubble and accompanying collapse even more likely, while hampering the middle class ability to function (as does everything Ive seen DC do since 1999):

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April 7, 2016. Tags: , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Finance, Foreclosures, Housing, Immigration, Labor Department, migrant crisis, Obama Administration, Politics, Popular Culture, refugee, TARP, Taxes, Wall St. 2 comments.

Video ~ Meredith Whitney talks Banks, States, Munis & Stocks

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Video ~ Meredith Whitney talks Banks, States, M…, posted with vodpod

June 8, 2011. Tags: , , , , , , , , , , , , , . Celebrities, Economy, Finance, Foreclosures, Healthcare, Housing, Labor Department, media, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Banksta Bernank takes ‘questions’ from the leashed hounds we call the free press 2:15pm EST

Update: 3:56pm EST: Oh did I say Gold was at 141522? It is now at $1529.40 SLV $48.10 Oil $113. USD down, down, down 73.30. Equities continuing to mainline from the punchbowl Bernanke is clearly not taking away. DOW up 101.15. The TBTF Bankstas are gonna ride the USD right into the ground if TPTB let them.

Update: 3:08pm EST: Foreign Presse France asking about the concerns many nations have about the results of the Fed actions on the sovereign currency..cough, cough, Now Ben spinning the Geithner STRONG DOLLAR TOTAL BS LINE.

Reagan and Clinton had strong dollar in my lifetime. No one else. Hey they had that super growth thing too didn’t they? Don’t try telling the Ivy League Economics Club that though.

Update: 3:06pm EST: An hour in and another nominal record for Goldilocks~ $1526.20. Yowsa. Ben has used the buzz words ‘transitory, moderate’ to describe inflation so many times I would have alcohol posinoning were I playing the drinking game.

Update: 11:08am AZ Time– GOLD at $1522.80, USD at 3 yr low as Ben takes stage.

ZeroHedge will be liveblogging in case ANYONE asks a REAL question.

I would ask:

Ben do you like the American Middle Class?

What purpose does the Middle Class serve in the American economy?

How has QE and ZIRP ‘helped’ or ‘harmed’ the Middle Class?

If the Middle Class is the largest % population in America, doesn’t your dual mandate for full employment/stable prices apply to this population cohort above all others?

Is it your intention to drive down wages for the Middle Class while allowing prices of food and energy to continue to spike year after year, all while claiming there is no inflation?

WHY ARE YOU KILLING THE MIDDLE CLASS?

PS- Why did the Federal Reserve bailout QADAFFI and leave the American Middle Class to twist in the wind?

April 27, 2011. Tags: , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, journalism, Labor Department, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. 3 comments.

Fed’s BS Core Inflation Data~ Ron Paul Hearing on Inflation LIVESTREAM

CSPAN linky here. Hearing has begun.

Finally. Yeah the ‘core’ number is total BS and Jim Grant, a witness, will testify to just that!

ZeroHedge has it:

..The much anticipated hearing on “The Relationship of Monetary Policy and Rising Prices” chaired by Ron Paul..

witness list consists of:

Inflation is the 500 lb bear in the room

March 17, 2011. Tags: , , , , , , , , , . Economy, FDIC, Finance, Labor Department, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

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