February 22nd, 2013
In a prelude of what’s likely to become the norm as government sponsored healthcare is implemented across the country, nameless bureaucrats in the U.S. Department of Veterans Affairs have begun issuing warning letters to veterans which claim that service members who are deemed by the agency to be incompetent or mentally ill will be required to surrender their rights as protected under the Second Amendment.
In a letter highlighting the government’s [...]
December 3, 2012
Should veterans deemed too mentally incompetent to handle their own financial affairs be prevented from buying a gun?
The issue, for a time last week, threatened to become the biggest sticking point in a $631 billion defense bill for reshaping a military that is disengaging from a decade of warfare.
[...] “I love our veterans, I vote for them all the time. They defend us,” [Sen. Charles] Schumer said. “If [...]
Since it has now become the norm to spread myth, fairy tales and magic during the week, only to collapse the wave function of an insolvent “developed world” with a double dose of reality during the weekend when markets are conveniently closed (recall the Draghi in a Box phenomenon) only to repeat it all again the coming week, here is some more truth which may force Citi to hike its estimate of Greece [...]
oel Brinkerhoff and David Wallechinsky
July 12, 2012
An often overlooked, but nonetheless important aspect of the foreclosure crisis has involved property tax lien foreclosures.
When a property owner falls behind on mortgage payments, local governments can impose a tax lien that, if not paid off, can result in foreclosure proceedings. In order to secure revenue, the governments sometimes sell the liens to private investors, who, in some instances are able to [...]
This is going to compromise the neutrality of the Swiss banking system. That’s going to be a pretty big hit to customer confidence there. I hope the Swiss are ready for that:
(Reuters) – Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes to U.S. prosecutors, a Swiss newspaper reported on Saturday.
Eleven Swiss banks including Credit Suisse (CSGN.VX) [...]
Political leaders should be ready to provide a further bail-out for Portugal within the next year, Europe’s economic and financial affairs commissioner Olli Rehn has warned.
Mr Rehn said Lisbon, which has received a €78bn (£64.5bn) rescue package, is likely to need more public support before it can return to the bond markets next year. “From the European Union side, it would be wise to be prepared. Some kind of bridge [...]
Willem Buiter said that Germany was ‘the only honest triple-A rated sovereign in the G7′
By Angela Monaghan
4:36PM BST 18 Oct 2011
“If things get out of hand in the euro area, no bank in the financial integrated world will stand,” he told a parliamentary committee.
Mr Buiter, a former member of the Bank of England’s Monetary Policy Committee, said the recapitalisation of banks and other systemically important institutions should be a priority in [...]
A new report prepared by Russian Deputy Finance MinisterTatyana Nesterenko about the Eurogroup meeting of the Informal Economic and Financial Affairs Council (ECOFIN) in Wroclaw Poland on the growing European debt crisisstates that EU Finance Ministers were “left stunned” Friday after they were told by US Treasury Secretary Timothy Geithner [photo top right] that President Obama was “not in charge.”
According to this report, the “uninvited” US Treasury Secretary showed up at [...]
Think Ron Paul is the only person asking questions about the actual gold supposedly backing the currency in circulation. Think again: the “ask your central banker where his gold is” tour just went global after the Dutch the Dutch Socialists Party (SP)’s spokesman for financial affairs, Mr. Ewout Irrgang, asked the Dutch Secretary of the Treasury 10 detailed questions about the gold [...]
Last Friday we were led to believe that the debt-ceiling crisis would be over by the start of Asia’s business on Monday. The weekend has gone and so the deal. The markets are very nervous and beginning to worry that a deal will not be made. This is merely a political game to earn a name because one or the other gives-in first. But the two [...]
We, the bankers of these United States , want to assure all Americans that we are devoted, heart and soul, to the interests of this great nation. Contrary to countless disparaging remarks by so-called pundits, there is absolutely no daylight between the interests of Wall Street and Main Street . One of our leaders eloquently expressed this view when he said [...]
I noticed in the credit card article (consumers “walk away”)…one “final” action that takes place…seems to be left out.
When they “walk away” from their credit card debt…it hits their “credit report”…which apparently means that the consumers are “walking away from credit”…(1) from the “cards”…(2)”auto loans”…(3) home loans…and any other situation requiring a good credit report…such as renting a home or apartment.
So…9 out of 10 of our citizens are now “un-creditworthy”…basically [...]