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In response to:

Romney Was Not the Problem

Godorn1979 Wrote: Nov 24, 2012 12:19 PM
Securitization of sub-prime auto loans in full swing. -- Investors place big bets on Buy Here Pay Here used-car dealers - Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They're attracted by the industry's average profit of 38% for each car sold http://www.latimes.com/business/buy-here-pay-here/la-fi-buyhere-payhere-day-two-20111101,0,2598239,full.story#tugs_story_display "Investor money is pouring into the industry from several sources, helping Buy Here Pay Here dealers expand their reach and raise their profile." Expect birthers, baggers and conservatives to blame Frank-Dodd for this eventual free market meltdown!
In response to:

Romney Was Not the Problem

Godorn1979 Wrote: Nov 24, 2012 12:04 PM
Securitization of sub-prime auto loans in full swing. --- Rating firms believe that with tens of thousands of loans lumped together, the securities are safe even if some of the loans prove worthless. Some analysts worry that the rush to securitization could lead to careless lending by dealers eager to sell more loans, as happened with many mortgage-backed bonds. Expect birthers, baggers and conservatives to blame Frank-Dodd for this eventual free market meltdown!
In response to:

Romney Was Not the Problem

Godorn1979 Wrote: Nov 24, 2012 11:54 AM
A conservative says, "liberals invoke God, charity, and the teachings of Jesus in an attempt to further their agenda, fail to recognize the difference between individual responsibility and the proper role of governmentand try to merge the two and have the government act as individuals and/or churches." Conservatives want to change the U.S. Constitution to force students to pray in school.
In response to:

Gold Trends Higher, Silver Stays Strong

Godorn1979 Wrote: Nov 24, 2012 11:54 AM
A conservative says, "liberals invoke God, charity, and the teachings of Jesus in an attempt to further their agenda, fail to recognize the difference between individual responsibility and the proper role of governmentand try to merge the two and have the government act as individuals and/or churches." Conservatives want to change the U.S. Constitution to force students to pray in school.
A conservative says, "liberals invoke God, charity, and the teachings of Jesus in an attempt to further their agenda, fail to recognize the difference between individual responsibility and the proper role of government and try to merge the two and have the government act as individuals and/or churches." Conservatives go gaga over "In God We Trust." http://www.nytimes.com/2011/11/02/us/house-of-representatives-affirms-in-god-we-trust-motto.html
In response to:

Happy Thanksgiving

Godorn1979 Wrote: Nov 24, 2012 11:03 AM
Social Security holds $2.7 trillion of government securities, sold to them in good faith that the money would be available to pay Social Security benefits. Is the federal government going to default on these securities? Do members of Congress think that us old, little people are so stupid that we don't realize we are being taken? "Shared sacrifice" is a LIE. I still see CEOs making outrageous salaries and bonuses, and they are the ones, with their opaque "derivatives" which brought the economy to the brink of disaster. I still see corporations and the wealthy spending obscene amounts of money lobbying to undermine democracy in the USA, turning the USA into a plutocracy.
In response to:

United Nations: Give Us Drones!

Godorn1979 Wrote: Nov 24, 2012 11:03 AM
Social Security holds $2.7 trillion of government securities, sold to them in good faith that the money would be available to pay Social Security benefits. Is the federal government going to default on these securities? Do members of Congress think that us old, little people are so stupid that we don't realize we are being taken? "Shared sacrifice" is a LIE. I still see CEOs making outrageous salaries and bonuses, and they are the ones, with their opaque "derivatives" which brought the economy to the brink of disaster. I still see corporations and the wealthy spending obscene amounts of money lobbying to undermine democracy in the USA, turning the USA into a plutocracy.
In response to:

Gold Trends Higher, Silver Stays Strong

Godorn1979 Wrote: Nov 24, 2012 11:02 AM
Social Security holds $2.7 trillion of government securities, sold to them in good faith that the money would be available to pay Social Security benefits. Is the federal government going to default on these securities? Do members of Congress think that us old, little people are so stupid that we don't realize we are being taken? "Shared sacrifice" is a LIE. I still see CEOs making outrageous salaries and bonuses, and they are the ones, with their opaque "derivatives" which brought the economy to the brink of disaster. I still see corporations and the wealthy spending obscene amounts of money lobbying to undermine democracy in the USA, turning the USA into a plutocracy.
What really boggles my mind is the huge outlays for military and defense spending. I remember scratching my head when days after the 9-11 attacks, and the White House at that time said there was no connection to Saddam Hussein, yet somehow there was already talk of an invasion to Iraq. Amazing how some defense contractors, for example Halliburton, quadrupled its share price after the invasion of Iraq. I think Washington is ridden with con men and the disingenuous, who really have very little regard for what happens to the long term fiscal health of our nation and its citizens.
In response to:

Romney Was Not the Problem

Godorn1979 Wrote: Nov 24, 2012 10:54 AM
What really boggles my mind is the huge outlays for military and defense spending. I remember scratching my head when days after the 9-11 attacks, and the White House at that time said there was no connection to Saddam Hussein, yet somehow there was already talk of an invasion to Iraq. Amazing how some defense contractors, for example Halliburton, quadrupled its share price after the invasion of Iraq. I think Washington is ridden with con men and the disingenuous, who really have very little regard for what happens to the long term fiscal health of our nation and its citizens.
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