USA Federal Reserve Bank The Federal Reserve Act - passed by 3 (THREE) senators in a unanimous voice vote on 23 December 1913 - while everyone else was home for the holidays. Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a missalocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
Reinhardt exploration His website is dark; now only reads I Told You So ;-) 6 for 6 Best place to discuss Reinhardt is either wiredpirate.com or www.godlikeproductions.com. I suggest you stay away from his actual site for a bit Peace (If you’re looking for reinhardt background, a lot of his pages are in google cache - search for reinhardts journal ( MONTH DATE ) He has publicly declared Feb 9 and Feb 13 as the dates of the next financial ‘Event’. He’s big on cryptic posts He also warned about dodgy items on Citigroups official balance sheets… Citigroup Hides Mystery Meat in Balance Sheet: www.bloomberg.com What’s he on about? These are tax liabilities for the future. Either he’s pointing out how dodgy they are, or he’s pointing out they stand to gain Billions! Legatus Video: www.youtube.com Legatus: www.legatus.org There is an odd connection here to look at: avewatch.com Also, they appear to be involved in Building both Ave Maria University and the town of Ave Maria, Florida. Check on Google Earth - there’s nothing there… Yet there are some very nice pictures of the place on Panorama, and the rectory. And a pic of a very drunk teenager showing her knickers! Reinhardt predictions on Sept 5: finance.google.com Lets Look at FEBRUARY and what REINHARDT has to say..: www.godlikeproductions.com Reinhardt Right Again (GM) (FORD): www.godlikeproductions.com Last week’s page suggests UBS is in trouble. The YouTube videos had an explanation of synthetic CDOs and a clip from War …
inflation.us After doing research on Loan Modification Default Rates and Shadow Inventory Rates i am in shock. This is very serious people. I feel very bad for all the responsible people who have been paying on their loans like clockwork hoping to use equity to subsidize their retirement. Can anyone say “poof” Links www.mgic.com mhanson.com
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note. US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans. Together they own or guarantee some US$5.2 trillion in loans, or about 40 per cent of the total value of home loans in the United States. Peter Schiff at Euro Pacific Capital said the two giants were likely to need government bailouts in view of the “dubious quality of their mortgage portfolios”. “Together both firms have less than US$90 billion in capital reserves to ensure losses on more than US$5 trillion in mortgage debt … Clearly, Fannie and Freddie would have no ability to survive without a government bailout. This means that taxpayers will be on the hook for hundreds of billions of losses, perhaps even more than one trillion.”
A substantial modification of their mortgage helped Amy and Robert Ahleman keep their home. But while their story is uplifting, it’s hardly the norm for the system.
On paper it seems simple: $30,000 for a kitchen redo, $16,000 for a new bathroom, $44,000 for a family room addition. But what are the true costs of those home improvement projects?
Plummeting house prices have hurt small businesses – and will continue to do so, says a new study. The report – done by the Federal Reserve Bank of Cleveland – fingers falling home prices as a major factor in small businesses’ struggle for credit, because many small-business owners use their homes as collateral for business loans or home equity loans to fund business costs. “Decreased demand for …
Plummeting house prices have hurt small businesses – and will continue to do so, says a new study. The report – done by the Federal Reserve Bank of Cleveland – fingers falling home prices as a major factor in small businesses’ struggle for credit, because many small-business owners use their homes as collateral for business loans or home equity loans to fund business costs. “Decreased demand for …
NEW YORK (Reuters) - Mortgage applications tumbled to their lowest level in nearly a year as a six-week-long rise in interest rates took a significant toll on demand, an industry group said on…
NEW YORK (Reuters) - Mortgage applications tumbled to their lowest level in nearly a year as a six-week-long rise in interest rates took a significant toll on demand, an industry group said on…
Freddie Mac says the typical rate for a 30-year loan jumped from 4.61% last week to 4.83% this week. The rate reflects what lenders said they were offering to well-qualified borrowers with 20% down payments or equivalent home equity who paid 0.7% of the loan amount in upfront fees.
Singapore banks’ significant exposure to the city-state’s property sector does not present a systemic risk, says IIFL Securities. The house notes the proportion of property loans to overall loans for Singapore banks has doubled to 51% as of September this year from 24% in 1991, but more than 70% of housing loans are used for owner-occupied properties, which have a lower risk profile. Read more…
A pall has settled over the U.S. housing market. The first-time home buyer’s credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve’s Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillion — 52 percent lower than four years ago.
The proposed changes by the Treasurer, Wayne Swan, aimed at creating a fifth banking pillar by turbo charging credit unions are long on rhetoric and short on solutions. If these changes are not administered properly they could backfire and further reduce competition.
A file picture of unfinished real estate projects in Hyderabad. With the ‘bribe-for-loan’ scam casting a shadow over builders’ access to bank lending, real estate funds and private equity (PE) players now sense a business opportunity.
