Five Devastating Numbers That Show Obama's Incompetence
Posted by admin / Under Savings And Loan Crisis
Whether you've had some form of head trauma that has caused you to like Barack Obama or like all good hearted people, you can't stand him, his performance has objectively been terrible. Of course, we can debate WHY his performance has been so bad. His supporters would probably blame Bush, Republicans in Congress, ATM machines, fairy dust shortages and people forgetting to click their heels together three times before saying, "There's no place like home." On the other hand, people who haven't been drinking Barney Frankosaurus brand Kool-Aid might note that if Obama is going to blame Republicans for everything...
Published on Tuesday 15th of May 2012 11:31:26 AM
Derivative CDs Tempt Savers as Banks Reap Fees
Posted by admin / Under Savings And Loan Crisis
A gray-haired woman picking a flower with a young girl adorns the cover of an HSBC Holdings Plc (HSBA) brochure that promises investors both “the growth of the market” and “the security of FDIC Insurance.” By tying interest rates to everything from the Dow Jones Industrial Average to precious metals, the pamphlet for HSBC’s Market-Linked Certificates of Deposits explains U.S. investors have the potential to earn “enhanced returns” over as long as seven years. A separate disclosure states that they also may earn zero, getting just their original principal back after the CD matures, while brokers may collect fees of...
Published on Tuesday 15th of May 2012 11:31:26 AM
Greece – the Prelude to the Fall
Posted by admin / Under Savings And Loan Crisis
[W]HILE Greece has been criticized for just about everything, especially about going on a debt binge, to be fair, that is the kettle calling the pot black. Let’s be honest. ALL Western governments have been doing the same thing. Greece is merely the PRELUDE to the Decline & Fall of Western Society. This is always about politicians and their inability to manage anything whatsoever. It always comes down to their personal self-interests and until we reform our political systems BARRING reelection of ALL politicians to prevent a political class from rising, then politicians will always say: “Vote for me and...
Published on Tuesday 15th of May 2012 11:31:26 AM
If You Live In Britain, All Your Savings Belong To Debt (Not a Wealthy Nation Anymore)
Posted by admin / Under Savings And Loan Crisis
The great myth of the last few decades is that people can establish sustainable savings by investing in other people’s debt. That is how relatively astute and candid writers, such as Jeremy Warner for the Telegraph, can claim that “Britain is still a hugely wealthy nation†and actually mean it. In his latest blog post, Warner tries to convince us that aggregate private debt in Britain is not so bad when we factor in “assets†as well.From his piece:Believe it or not, Britain is still a hugely wealthy nationLast week I drew attention to a report by Royal Bank of...
Published on Tuesday 15th of May 2012 11:31:26 AM
BIGGEST PROFIT MARGINS IN HISTORY
Posted by admin / Under Savings And Loan Crisis
[T]he number one question pouring in is about the banks and their profit margin. Yes, the bottom line remains that the cost of money declines sharply for depositors while the cost of borrowing rises. Where the value of cash for three years is 0.7% to a depositor, for a fully collateralized borrower, the cost is about 4%. This is a profit margin for the banks of 571%. In other words, when the discount rate was 17% in 1981, this would have been the equivalent of a prime rate at 9707%. The profit margin at banks has NEVER been so high....
Published on Tuesday 15th of May 2012 11:31:26 AM
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