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Now tell us all how you prove that CRA demanded that level of interest only loans be increased?
Now tell us all how you prove that CRA demanded that level of interest only loans be increased?
Simple, douche nozzle: when the government forces a lending institution to give mortgages to deadbeats who can't afford the payments on a regular mortgage, then interest only mortgages are an alternative that will give them a payment they can afford.
IOW, he's an ivory tower dwelling theoretician technocrat, who never earned an honest buck in his entire life.The FED takes orders from NOBODY in government, kiddies.
The president appoints the Fed Chairman!! Bernanke, Chairman, was a college professor who employs the wisdom gained from a lifetime of mainstream macroeconomic study. He gets paid a salary and not a penny more!
Your conspiracy theories point to your low IQ.
IOW, he's an ivory tower dwelling theoretician technocrat, who never earned an honest buck in his entire life.
That and he answers to nobody but the Fed board....Can you name any of them?
Monetary policy isn't brain surgery...Hell, it's not even outpatient hemorrhoid surgery....The banksters just want you to believe it is.
Right now, Baghdad Ben is running out of pins to stick in his Fed voodoo doll.
by the way twat lips this is an economic expert saying this if you bothered to listen
the landscape is littered with economic experts who told us that the housing market was fine and that extending loans to folks how really had no biz. in a home was sound...
Thank you, Chairman Mao.
China is also playing serious games with the valuation of their currency, which has given them a bigger edge than they might have had otherwise....And those fiscal chickens will eventually come home to roost, as well.
Much as you central bankster monetarist types have fooled yourselves into believing otherwise, there still ain't no free lunch.
wait until the new tax hikes kick in and then let's see you post about how good the economy is.
Monetary policy isn't brain surgery...Hell, it's not even outpatient hemorrhoid surgery....The banksters just want you to believe it is.
Right now, Baghdad Ben is running out of pins to stick in his Fed voodoo doll.
if China can grow at 10% a year for 30 years with massive federal intervention so can we. I cant say Ben is so different.
wait until the new tax hikes kick in and then let's see you post about how good the economy is.
wait until the new tax hikes kick in and then let's see you post about how good the economy is.
It's more than the tax hikes. For anyone making over $200K ($250K for couples), the phase out of deductions start. Ironically, or poetically, the major metro Blue State areas will be hit the worst as the loss of deductions for state income taxes, property taxes, and mortgage interest drive prices down. All of which will be followed by the inevitable increase in interest rates once Moody's downgrades U.S. debt due to our excessive federal spending.
Monetary policy isn't brain surgery...Hell, it's not even outpatient hemorrhoid surgery....The banksters just want you to believe it is.
Right now, Baghdad Ben is running out of pins to stick in his Fed voodoo doll.
if China can grow at 10% a year for 30 years with massive federal intervention so can we. I cant say Ben is so different.
China's real estate bubble is going to burst - and it's going to be very ugly. Price to income ratios exceed 10-1 in most major cities, far higher than what contributed the mess in the U.S.
Every value bubble eventually contracts, if it doesn't burst outright.
China's massively overvalued RE market and currency shenanigans are ticking time bombs just waiting to go off...And when they do, they're going to be itching to dump the trillions in USDs they currently have banked.
