Fear in America. President Truman said, and I apologize as I mis-quote, "America was not built on fear. America was built on courage, on imagination, and unbeatable determination to do the job at hand."
I don't see Leadership inspiring courage today. Obama reads the letter from a young miner just days before the tragedy and repeats the lamplight prayer. He shakes his finger that we will get to the bottom of this. The next post is the bevy of legal experts who estimate settlement dollars. How ugly are we to send news crews to the funerals?
Our Administration on all political sides has become afraid of wealth and afraid of commerce. The Leadership tells us to trust them; they will get to the bottom of this and regulate every aspect of our lives.
I am sorry but work is hard. Creating, building, selling, inventing does not happen when you nap comfortably at the country club pool. The job in front of us is to buckle down, work twice as smart, and reach our hand to pull up our neighbors ( I mean our neighbors in the United States). Bring me inspiration, grant me bravery, God Bless America.
4/11/2010
4/08/2010
WHAT the .... is a CDO?
What will these guys say?Will America be listening?
"James L. Should have let us go broke?"
Chuck Prince says today he didn't really understand CDO's
"Without the CDO losses, which totaled $30 billion over six quarters, Citigroup might have performed as well as any other bank during the financial crisis," Mr. Prince my heart goes out to you that you didn't sell your CIT stock at the high, just as I lost my pension in the Federal take-over of Wamu.
Mine Government's survey says:
Complex loan products that consumers didn’t understand ( Americans were to dumb to read)
Credit ratings failed to show the risks contained in subprime-backed securities ( FICO can be monekyed with and Moody's is and was out of touch with reality it wasn't Alt A or subprime that brought us down it was guys who bought toys with the inflated value of their homes)
.Lack of incentives for institutional investors to check- THIS IS THE NUMBER ONE REASON For FAILURE (they relied on the credit ratings; A 27 year old MBA pushed blocks of loans without having any- no make that ZERO training in the loan business. They had no clue that the most important thing is a face to face application whereby an employee meets and vouches for the real borrower- certify it was called)
Predatory lending and borrowing (this is a joke doing a loan to persons who are shakey or unworthy takes far more time to make up lies than honest mortgage banking. Borrowers got the scam ideas from advertisers who still run "get rich quick ads with real estate no money down just follow my tricks and pay for my seminar," its a cultural lie in America- we are not entitled to win the lotto with no work ).
Significant errors in the models used by credit rating agencies to assess subprime-backed securities.(Creative accounting/Models based on statistics that can be played with and modified. Harvard Business professors pontificated to students about such nonsense. Mathmatics Grad students repeated the corporate montra that any monkey can orginate a loan)
So what do you think they will say?
Locate foreclosures in area
Wachovia has foreclosures in many areas of the United States. Most of these were World Savings
loans. Banks are encouraged to get these sold, closed and off the books. If you need information on
how to accomplish this quickly please contact me. The first step is having an real loan approval letter subject only to appraisal.
https://www.wfhm.com/loans/caroline-barbeau/index.page
http://reo.wachovia.com/WBREOHome.aspx
Single Family 4 bedroom beautiful neighborhood
Address: 14 Eastridge, Trabuco Canyon, CA 92679
County: Orange
List Price: $729,900
loans. Banks are encouraged to get these sold, closed and off the books. If you need information on
how to accomplish this quickly please contact me. The first step is having an real loan approval letter subject only to appraisal.
https://www.wfhm.com/loans/caroline-barbeau/index.page
http://reo.wachovia.com/WBREOHome.aspx
Single Family 4 bedroom beautiful neighborhood
Address: 14 Eastridge, Trabuco Canyon, CA 92679
County: Orange
List Price: $729,900
4/06/2010
BLACK MARIA DAY West Virginia
BLACK MARIA day in West Virginia
I’m the great granddaughter and granddaughter of a Pennsylvania coal mining heritage. The Black Maria was the horse drawn wagon that pulled the dying or deceased from a mining accident. In a world dependant upon energy resources we know coal and shale mining are available minerals here in our home soil not dependant upon the volatility of the cartels in the Middle East or value of the Euro or even today the rising Canadian dollar from which we import crude at an increasing price.
I hate taxes, but it is specific the taxes wasted on autocracy that does nothing but jabber and create regulation too late and targeted wrong. I ask who is working in a garage on some energy source which is here and recycled? Let’s spend a billion on developing and building a record find/ a real use in America.
Dennis O’Dell speaks for the United Mine workers today and I can think of no words he can offer to the wives, the children, the loss of those who walk the parade behind the Black Maria today. May we all say a prayer for America to be strong and to seek answers.
I’m the great granddaughter and granddaughter of a Pennsylvania coal mining heritage. The Black Maria was the horse drawn wagon that pulled the dying or deceased from a mining accident. In a world dependant upon energy resources we know coal and shale mining are available minerals here in our home soil not dependant upon the volatility of the cartels in the Middle East or value of the Euro or even today the rising Canadian dollar from which we import crude at an increasing price.
I hate taxes, but it is specific the taxes wasted on autocracy that does nothing but jabber and create regulation too late and targeted wrong. I ask who is working in a garage on some energy source which is here and recycled? Let’s spend a billion on developing and building a record find/ a real use in America.
Dennis O’Dell speaks for the United Mine workers today and I can think of no words he can offer to the wives, the children, the loss of those who walk the parade behind the Black Maria today. May we all say a prayer for America to be strong and to seek answers.
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