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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!
In response to:

Romney Dominates In First Debate

zipher Wrote: Oct 04, 2012 2:01 AM
this Fox/Rove smelling nasty trick scheme was actually turned down by the gangbankers...the Eviloutionists are getting scared...they haven't seen anything yet...as more and more of America's citizens stand up and say 'enough is enough' the Eviloutionists will crawl back into the cracks they crawled out of and try and regroup for another attack...in the lull, it's up to us to get legislation in place that puts traitors in prison, because that's exactly what these sub human greed based protozoa are...they'll never change, we have to starve them to death...just as they've been trying to do to us...whether it's ketchup packets, pizza, or handing over Social Security to Wall St.
In response to:

Romney Dominates In First Debate

zipher Wrote: Oct 04, 2012 1:59 AM
It totally amazes me that over and over again, the citizens of the U.S.A. can be fed lies, believe those lies, and then vote this scum into office, only to get the shaft the minute the power shifts. Our power lies in our numbers, we're watching a worldwide paradigm shift occur, we don't have to buy corrupt corporate product or policy, we aren't the 'dead peasants' they think we are, we stopped B.A.'s service charges, we moved money out of corrupt banks to the point that a corrupt lobbying corporation recently approached the banks with a plan to infiltrate the 99% movement and try to disrupt it, find dirt, get people arrested, (especially the leaders) all to the tune of $850,000...
In response to:

Romney Dominates In First Debate

zipher Wrote: Oct 04, 2012 1:58 AM
The purveyors of Eviloution are trying to turn this country over to their masters, the same corporate sociopaths that have continually trashed this country and it's citizens forever. Social Security is not an 'entitlement' nor is Medicare...They are insurance policies we paid for, but the Eviloutionists have tagged them as 'Socialism?' These lowest form of life protozoa are rotten to the core, as they have always been, the Grover Norquists, the Ralph Reeds, the Karl Roves, the Tom Delays and the sub human Newts are just the tip of the iceberg.
The majority of people on food stamps are white. The majority of people on food stamps--irregardless of their skin color--work for a living. The basic problem is that they do not earn a living wage. And NONE of the Republican candidates on that stage has put forward a proposal that will change that. Sadly, such facts do not seem to cut much mustard with the bigoted boobs who infest the GOP in South Carolina--or impede the racist rhetoric of Newt, who over the last month has demonstrated that he is willing to say and do absolutely anything in order to preserve his meglamania.
What exactly does the phrase "...efforts by the best food stamp president in American history to maximize dependency..." mean--even in the fevered brain of Newt? Obama had no hand in setting the standards people must meet in order to qualify for food stamps--and there is zero evidence to support any assertion that Obama crashed the economy--an event the occurred before Obama was even the President-elect. More people are on food stamps because 30 years of conservative economic policies have completely and utterly failed to deliver on the broad prosperity that conservatives promised us would result from adopting their policies.
this Fox/Rove smelling nasty trick scheme was actually turned down by the gangbankers...the Eviloutionists are getting scared...they haven't seen anything yet...as more and more of America's citizens stand up and say 'enough is enough' the Eviloutionists will crawl back into the cracks they crawled out of and try and regroup for another attack...in the lull, it's up to us to get legislation in place that puts traitors in prison, because that's exactly what these sub human greed based protozoa are...they'll never change, we have to starve them to death...just as they've been trying to do to us...whether it's ketchup packets, pizza, or handing over Social Security to Wall St.
It totally amazes me that over and over again, the citizens of the U.S.A. can be fed lies, believe those lies, and then vote this scum into office, only to get the shaft the minute the power shifts. Our power lies in our numbers, we're watching a worldwide paradigm shift occur, we don't have to buy corrupt corporate product or policy, we aren't the 'dead peasants' they think we are, we stopped B.A.'s service charges, we moved money out of corrupt banks to the point that a corrupt lobbying corporation recently approached the banks with a plan to infiltrate the 99% movement and try to disrupt it, find dirt, get people arrested, (especially the leaders) all to the tune of $850,000...
The purveyors of Eviloution are trying to turn this country over to their masters, the same corporate sociopaths that have continually trashed this country and it's citizens forever. Social Security is not an 'entitlement' nor is Medicare...They are insurance policies we paid for, but the Eviloutionists have tagged them as 'Socialism?' These lowest form of life protozoa are rotten to the core, as they have always been, the Grover Norquists, the Ralph Reeds, the Karl Roves, the Tom Delays and the sub human Newts are just the tip of the iceberg.
this Fox/Rove smelling nasty trick scheme was actually turned down by the gangbankers...the Eviloutionists are getting scared...they haven't seen anything yet...as more and more of America's citizens stand up and say 'enough is enough' the Eviloutionists will crawl back into the cracks they crawled out of and try and regroup for another attack...in the lull, it's up to us to get legislation in place that puts traitors in prison, because that's exactly what these sub human greed based protozoa are...they'll never change, we have to starve them to death...just as they've been trying to do to us...whether it's ketchup packets, pizza, or handing over Social Security to Wall St.
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