July 18, 2012
Voters From Both Parties Overwhelmingly Support Big Defense Cuts
Link: Voters From Both Parties Overwhelmingly Support Big Defense Cuts
Hard hitting global and local news
Hard hitting global and local news
Link: Voters From Both Parties Overwhelmingly Support Big Defense Cuts
The higher the tax rate, the greater the length people will go to avoid it. France is a case in point. An ‘Exodus’ of Wealthy is underway even before French parliament has passed Hollande’s proposed top tax rate of 75%.
The medicine is killing the patient. Increasing the dose is madness. Greece outside the Eurozone may well provide an inspiration for Spain, Portugal, and many other countries.
Updates on Syria conflict + VoltaireNet’s June 2012 warning of vast NATO disinformation campaign now seemingly underway.
What Role Does Government Play in Price Inflation?
Charlie Skelton of The Guardian Exposes the NATO Networks Spreading Big Lies Against Syria. Webster G. Tarpley, Ph.D
This is what I stated, adding the words [banks thought]. The email from reader David follows this recap. Five Reasons Banks Extended Credit in Housing Bubble Years [Banks thought] People would pay mortgage loans because they always did [Banks thought] Housing prices would rise sufficiently to cover defaults [Banks thought] Mortgage interest rates to subprime borrowers were high enough to cover risk [Banks thought] Defaults would happen over a long period of time, not quickly concentrated Banks could pass the trash to Fannie Mae and Freddie Mac (without clawbacks for non-performance), and/or loans could be sliced and diced in tranches to investors If any of those conditions were true, then banks were indeed making loans to “credit-worthy” borrowers
