This makes my blood boil: Bush to outline 5-year rate freeze plan “…sources, who are familiar with details of the trade group’s pitch, said the plan envisions covering subprime loans taken out between January 1, 2005, through the end of this past July, with rates that are due to reset over the coming 2-1/2 years. …
Tag Archives: politics
Sanders Turns Blue
When I first moved near down town, I had no access to recycling. This was a pain in the ass, as I would always end up dragging it to someone else’s bin, or to a center somewhere. But most people in the building would just trash it all, because they had no blue box options …
China flexing
This is hardly surprising: Two Chinese officials at leading Communist Party bodies have given interviews in recent days warning, for the first time, that Beijing may use its $1,330bn (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks …
Fed bubble bailout
Hillary, check your head. “Mrs Clinton proposed expansion of the groups among measures to tackle weaknesses in the mortgage market and Âsupport homeowners. She vowed to clamp down on “unfair lending practices†and create a $1bn federal fund to help homeowners avoid foreclosure. Mrs Clinton said fixing the mortgage crisis would be among the priorities …
The ethanol scam
RollingStone has a great article called Ethanol Scam: Ethanol Hurts the Environment And Is One of America’s Biggest Political Boondoggles. If you aren’t familiar with the subject, this article is a great introduction. This is not just hype — it’s dangerous, delusional bullshit. Ethanol doesn’t burn cleaner than gasoline, nor is it cheaper. Our current …