Tag: Subprime Loans

Progressives. Meek Greene. Strangers in Strange Place



Campaign ’10: Meek v Greene [1st Debate Overview]

copyright © 2010 Betsy L. Angert.  BeThink.org

More than a month has passed, actually now it has been two.  In the third week of June, I heard the song in my head for the first time. With each day that passes the volume increases.  Friends, family, and familiars were privy to what has been a curiosity for me. Still haunted by what I know needs to be shared farther and wider, today I tell you my tale.  The story begins with two Florida Democrats.  Each aspires to fill the one open United States Senate seat.  The date; June 22, 2010.  I was amongst those invited to attend the initial Meek Greene debate.. The place?  The Palm Beach Post headquarters.   The time? Midday.  The reality realized and the reason my mind marinated in the melody titled It’s About Time. Today, Democrats, Progressives are not as they were.

Mortgage Fraud — just another Scheme of the Shadow Bankers

Bill Gross, head of PIMCO, is credited with coining the term “Shadow Banking System”. A few years ago he warned about its reckless behavior and how they could wreck the Economy.

Bill Gross Calls it “Shadow Banking System”

Bill Bonner, The Daily Reckoning Australia — Jan 22, 2008

Banks recognize that not all their loans will be repaid. They operate on margins of safety, with reserves set aside for when things go wrong. But in the worlds of swaps, hedge funds and derivatives…slick operators can invest billions with no margins of safetyand no reserves. The result, Gross says, could be catastrophic.

Turns out this blunt-speaking Mutual Fund Manager — WAS Right!