Jan. 20 (Bloomberg) — Steven Blitz, an economist at ITG Investment Research, Daniel Alpert, managing director at Westwood Capital LLC, and Stephen Wood, chief market strategist at Russell Investments, talk about the U.S. housing market, increased lending standards at banks and the European sovereign debt crisis.
They speak with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)
Duration : 0:15:50
The Stench of Truth radio show airs every Friday 7-9PM Eastern time on:
http://www.inceptionradionetwork.com
and
http://www.talkstreamlive.com
http://www.platformforthefuture.com
http://www.tenebroust-thestenchoftruth.blogspot.com
http://www.tenebroust-populistpolitics.blogspot.com
The Stench of Truth (493).mp4
Some background. It may seem like I focus on the republicans and the lunatic right a lot but I have and will continue to call out the democrats for their shill behavior. I was on Obama long before he was the democratic candidate in 2008. One need look at the campaign financing to see that both parties are paid by the same people. Look at Pelosi and Reid bith got big money from “healthcare industry” which is 99% health insurance companies that’s why we have the mis-named “Affordable Care Act” or Obamacare which is a bailout of insurance companies which are wedded to the banks and deep in the fraud of derivatives and the mortgage fiasco. Under it you are forced to pay too much for a crappy policy that doesn’t cover much. THE INSURANCE INDUSTRY IS THE BIGGEST COST FACTOR BY FAR IN THE WHOLE HEALTHCARE DEBATE. Get rid of them with single payer and you save hundreds of billions of dollars every year. Should the protesters be in Wall Street, Chicago, London to protest the banks or should they be protesting the FED? Wall Street and the banks of course. Why? Because how do you think it works? Do you think Ben and the boys call up JP Morgan and tell them what to do or is it the other way around? The banks are the problem. There is a multistate deal being floated right now which would absolve the banks of any wrongdoing in the mortgage fiasco that led to the depression we are in and the restitution amount is 20 Billion. That is a ludicrous joke. If they say 1 Trillion I’ll start to listen. Schneiderman the DA of NY has bowed out of those talks because he says he wants to air it out and chase the fraud. His office has already been attacked with the outing of a female employee that moonlighted as a dominatrix. If he is serious expect more of this activity against him. Don’t let the banks get away with the largest fraud, theft scheme in world history! For more proof that it is the banks just look at Europe and their so-called “sovereign debt crisis”. There is not a single country that has a debt crisis, they have a bank bailout crisis.
Duration : 0:16:17
Part 2 of 2. Important information that should be taught in schools but ISN’T!
Listen and pass on. This is what the money system is.
http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=48361&cmd=tc
http://www.rodclass.com
continued from: http://www.youtube.com/watch?v=IxjtBVCQpgk
Duration : 0:14:26
The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in the global credit markets and insolvency threats to investment banks and other institutions. The United States director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, on September 7, 2008 announced his decision to place two United States government-sponsored enterprises (GSEs), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), into conservatorship run by FHFA. United States Treasury Secretary Henry Paulson, at the same press conference stated that placing the two GSEs into conservatorship was a decision he fully supported, and said that he advised ‘that conservatorship was the only form in which I would commit taxpayer money to the GSEs.’ He further said that ‘I attribute the need for today’s action primarily to the inherent conflict and flawed business model embedded in the GSE structure, and to the ongoing housing correction.’ The same day, Federal Reserve Bank Chairman Ben Bernanke stated in support: ‘I strongly endorse both the decision by FHFA Director Lockhart to place Fannie Mae and Freddie Mac into conservatorship and the actions taken by Treasury Secretary Paulson to ensure the financial soundness of those two companies.’
-
Visit: http://MeTee.com/coupon/SubscribeForNews Our channel sponsor.
-
This channel is like the 5+ year running: http://www.youtube.com/MOXNEWSd0tCOM (has been named many different channel names over 5 years), but it’s not and not related.
Subscribe for more news. Like/Dislike, Comment, Favorite and share on Twitter, Facebook, and Google+ to get the word out on this video.
-
Take any of my videos and put them on your channel with a more interesting title (never know if this channel will get taken down): http://www.keepvid.com Archive this video with keepvid.
Signup for the Daily News Email Subscription: http://tinyurl.com/OneEmailDaily
Duration : 0:4:23
“As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.
As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known…”
Duration : 0:28:57
More NEWS at http://www.newzzcafe.com/
In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big banks among which Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, in an attempt for Fannie and Freddie to recoup $30 billion if not much more.
The lawsuit is expected to hit the docket in the next few days: “The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims.”
FHFA goes hog wild and potentially full retard in suing everyone, or specifically 17 global banks, up to an including such dead men walking as Barclays, RBS and SocGen. Oddly such crony capitalist favorites as Wells Fargo are suspiciously absent: we wonder what the cost of that particular Eureka moment was to the interested party.
“While I believe that F.H.F.A. is acting responsibly in its role as conservator, I am afraid that we risk pushing these guys off of a cliff and we’re going to have to bail out the banks again.”
Either way, come Monday, this will get interesting when already scarce liquidity goes… poof.
http://www.zerohedge.com/news/massive-wave-lawsuits-be-filed-us-against-americas-biggest-banks-soon-tomorrow
Duration : 0:1:39
Sept. 1 (Bloomberg) — Larry Swedroe, principal at Buckingham Asset Management LLC, and Bloomberg’s Michael Moore talk about Goldman Sachs Group Inc.’s agreement to pay future Federal Reserve penalties and write down $53 million of mortgage loans in New York to gain approval for its sale of Litton Loan Servicing LP.
Swedroe and Moore speak with Pimm Fox on Bloomberg Television’s “Taking Scott.” (Source: Bloomberg)
Duration : 0:5:9
The Emergency Homeowners Loan Program will offer a zero interest, forgivable bridge loan to homeowners who have experienced a substantial loss of income (a reduction of at least 15%) due to unemployment or underemployment caused by adverse economic conditions or medical condition. Approved homeowners are eligible to receive one-time EHLP assistance to pay certain arrearages to bring them current, as well as ongoing monthly assistance to help them to make their monthly first lien mortgage payments (including payments of principal, interest, taxes, and insurances). Assistance is limited to a maximum duration of 24 months, or up to a maximum loan amount of $50,000 in mortgage payment assistance, whichever occurs first. The EHLP loan is secured by a junior lien against the approved homeowner’s principal residence and is forgivable over a 5-year principal reduction period.
For homeowners–making mortgage payments is a must to keep your house, but if you’re in danger of foreclosure, a new federal program could help. It’s called the Emergency Homeowners Loan Program (EHLP), and it could be the extra push that people need to prevent foreclosure.
Duration : 0:1:59
Visit: http://MeTee.com/coupon/SubscribeForNews
Support this Youtube channel and Design & Publish a T-Shirt using the link above. This channel is brought to you by MeTee T-Shirts: T-shirt design in seconds & always free shipping.
-
Friday August 12 2011 2:29 pm
http://www.msnbc.msn.com/?id=11881780&q=What+happens+if+a+deal+isn’t+reached+&search=&p=1&st=1&sm=user
The US subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. Approximately 80% of U. S. mortgages issued to subprime borrowers were adjustable-rate mortgages. After U. S. house sales prices peaked in mid-2006 and began their steep decline forthwith, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher interest rates, mortgage delinquencies soared. Securities backed with mortgages, including subprime mortgages, widely held by financial firms, lost most of their value. Global investors also drastically reduced purchases of mortgage-backed debt and other securities as part of a decline in the capacity and willingness of the private financial system to support lending. Concerns about the soundness of U. S. credit and financial markets led to tightening credit around the world and slowing economic growth in the U. S. and Europe.
-
Like/Dislike, Comment, Favorite and share on Twitter, Facebook, and Google+ share to get the word out on this video.
Signup for the Daily News Email Subscription:
http://tinyurl.com/OneEmailDaily
If you are interested in becoming a channel sponsor for $1/day for 30 days send a Youtube Private Message letting me know.
Duration : 0:3:38
Visit: http://MeTee.com/coupon/SubscribeForNews
Support this Youtube channel and Create and Publish a t-shirt using the link above. This channel is brought to you by MeTee T-Shirts: The place for On-Demand t-shirts.
-
Signup for the Daily News Email Subscription:
http://tinyurl.com/Receive1EmailDaily
-
Wednesday July 13 2011 6:15 am
http://www.msnbc.msn.com/?id=11881780&q=Geithner+the+economy+is+still+strengthening+&search=&p=1&st=1&sm=user
The US subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backing said mortgages. Approximately 80% of U. S. mortgages issued to subprime borrowers were adjustable-rate mortgages. After U. S. house sales prices peaked in mid-2006 and began their steep decline forthwith, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher interest rates, mortgage delinquencies soared. Securities backed with mortgages, including subprime mortgages, widely held by financial firms, lost most of their value. Global investors also drastically reduced purchases of mortgage-backed debt and other securities as part of a decline in the capacity and willingness of the private financial system to support lending. Concerns about the soundness of U. S. credit and financial markets led to tightening credit around the world and slowing economic growth in the U. S. and Europe.
-
Like/Dislike, Comment, Favorite and share on Twitter, Facebook, Google+ to get the word out on this video.
If you are interested in becoming a channel sponsor for $1/day for 30 days send a youtube message letting me know.
Duration : 0:6:15