Tag: home

July 16, 2012 0

Still More on Credit-Worthiness of Bank Lending in Housing Bubble: Loan Originations vs. True Bank Lending

By News Desk

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

July 6, 2012 0

If the US Loses Syria, the US Loses its Empire

By News Desk

It was reported that Libyan terrorists led by Abdul Hakim Belhaj , commander of the Libyan Islamic Fighting Group (LIFG), a US State Department-listed "Foreign Terrorist Organization ," had joined the so-called "Free Syrian Army " (FSA) along with sectarian extremists from Iraq who specialize in the indiscriminate terrorist bombings now ravaging Syria . In fact, the true nature of Syria’s "rebels" has become so well known, that recent attempts to sway public opinion with continued, but unsubstantiated reports of  "atrocities" aimed at demonizing the Syrian government have been met with skepticism, doubt, and even indignation by the public – giving nations like Russia and China not only the opportunity to defy Western dictates, but a moral imperative to do so as well.