Securitization of sub-prime auto loans in full swing. -- Loans on decade-old clunkers are being bundled into securities, just as subprime mortgages were a few years ago. In the last two years, investors have bought more than $15 billion in subprime auto securities. Although they're backed mainly by installment contracts signed by people who can't even qualify for a credit card, most of these bonds have been rated investment grade. Many have received the highest rating: AAA. Expect birthers, baggers and conservatives to blame Frank-Dodd for this eventual free market meltdown!

Securitization of sub-prime auto loans in full swing. -- Loans on decade-old clunkers are being bundled into securities, just as subprime mortgages were a few years ago. In the last two years, investors have bought more than $15 billion in subprime auto securities. Although they're backed mainly by installment contracts signed by people who can't even qualify for a credit card, most of these bonds have been rated investment grade. Many have received the highest rating: AAA. Expect birthers, baggers and conservatives to blame Frank-Dodd for this eventual free market meltdown!

This double dip recession brought to you courtesy of the Tea Party? Stock market performance under George W. Bush compared to Obama's first two years. ------------DJIA-----NASDAQ-----S&P500 1/20/01---10,588-----2,770-------1,343 1/20/09----7,949-----1,441---------805 1/20/11---11,823-----2,764-------1,280 Please take a look at the Destruction of Wealth under George W. Bush and the Republican Party. DJIA, -25%. NASDAQ, -48%. S&P500, -40%. First two years of Obama. DJIA, +49%. NASDAQ, +87%. S&P500, +59%. YES, as a retired investor, I AM better off today than two and a half years ago.

This double dip recession brought to you courtesy of the Tea Party? Stock market performance under George W. Bush compared to Obama's first two years. ------------DJIA-----NASDAQ-----S&P500 1/20/01---10,588-----2,770-------1,343 1/20/09----7,949-----1,441---------805 1/20/11---11,823-----2,764-------1,280 Please take a look at the Destruction of Wealth under George W. Bush and the Republican Party. DJIA, -25%. NASDAQ, -48%. S&P500, -40%. First two years of Obama. DJIA, +49%. NASDAQ, +87%. S&P500, +59%. YES, as a retired investor, I AM better off today than two and a half years ago.

This double dip recession brought to you courtesy of the Tea Party? Stock market performance under George W. Bush compared to Obama's first two years. ------------DJIA-----NASDAQ-----S&P500 1/20/01---10,588-----2,770-------1,343 1/20/09----7,949-----1,441---------805 1/20/11---11,823-----2,764-------1,280 Please take a look at the Destruction of Wealth under George W. Bush and the Republican Party. DJIA, -25%. NASDAQ, -48%. S&P500, -40%. First two years of Obama. DJIA, +49%. NASDAQ, +87%. S&P500, +59%. YES, as a retired investor, I AM better off today than two and a half years ago.