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  • Freaking Out - Reading "Confidence Men" - President Obama Please Distance Yourself from Wall Street
    Thanks for the link Hollywood. Very interesting but I had to stop about 6 min in.MMT takes care of this. 

    A collapse is not coming and if it did like 2008 the FDIC is just fine. I don't know much about SPIC or CME but the FDIC is a private insurance fund set up by the banks and back stopped by the tax payers. As long as there is a will there is a way.

    Anyway what has me going is that companies value derivatives at different values on their books. Is this true?Dodd Frank was suppose to deal with this. I have been reading Confidence Men and it is freaking me out. 

    Talk me off the ledge Hollywood.

    Are all of President Obama's advisors in bed with Wall Street?
    Are all of the books on Wall Street cooked through derivatives?

    I'm taking my cash and real estate and going to Canada the land of high tax no sun and quirky TV personalities (joke).....
    Jan 12 12:00 AM | Link | Comment!
  • OWS---Carl Levin---William Black ---Go after TBTF and GS
    This is still going on...

    Look out GS....

    OWS...William Black...are going to get President Obama, Holder, and Geithner to come after you on this.....

    Carl Levin is not going to forget.

    This is where OWS is headed.....
    Tags: GS, OWS, TBTF
    Oct 21 2:19 PM | Link | Comment!
  • President Obama Should Fire Edward DeMarco
    A brief review of the FHFA’s mission statement reveals that its Acting Director Edward DeMarco is blatantly disregarding its role just to protect greedy bond holders. He should be fired and replaced with Elizabeth Duke, the one outspoken leader who intends to repair our American Economy.
    After receiving 180 billion in bailout funds, after unprecedented Fed intervention, Mr. DeMarco will still not allow structural changes to how the GSE bond market could work. Millions of American’s cannot take advantage of the Fed’s low rates and refinance. Not only is this act a crime against the American Public he is protecting a system that is seriously broken (180 billion in bailouts). If Mr. DeMarco and the bond market thinks that the American public will continue these handouts and loan guarantee’s without relief for middle class solvent credit worthy folks who have lost value in the homes but are current with their payments they need to take their money and policies elsewhere.
    I praise Obama for making this an issue in the Jobs Act, and he must act stronger and replace Mr. DeMarco.
    Many notable economists have been saying this for years. Please see David Greenlaw’s proposal. Here is a patriot that wishes to fix our economy.
    Tags: FHFA
    Sep 21 1:07 PM | Link | Comment!
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