"Poverty is an anomaly to rich people"

PSPS

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Sun Nov-21-10 06:47 PM
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"Poverty is an anomaly to rich people"

It's a great quote that opens DHB's post today.

Why low interest rates do not help the housing market and heavily benefit investment banks – 40 percent of Americans have mortgage rates higher than 6 percent. The SoCal housing market will enter a significant correction in 2011 based on seasonal sales and price changes.

Poverty is an anomaly to rich people: it is very difficult to make out why people who want dinner do not ring the bell. –Walter Bagehot

Over the weekend it was leaked that US authorities were gearing up to bring insider trading charges against investment banks, consultants, and a wide net of Wall Street players. We’ve gone down this road a few times since the crisis started and many of the crony banking institutions merely settled out of court paying the government off with taxpayer money. It’ll be interesting to see that going on our fourth year of the crisis whether anyone will be charged criminally for what has become the biggest Ponzi apparatus known to humankind.

More: http://www.doctorhousingbubble.com/why-low-interest-rates-do-not-help-the-housing-market-benefit-investment-banks-40-percent-of-americans-have-mortgage-rates-higher-than-6-percent/

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Taverner

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Sun Nov-21-10 06:53 PM
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1. Hey you know me ; EAT THE RICH!

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FiveGoodMen

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Mon Nov-22-10 05:49 PM
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5. But cook them well to avoid parasites and stay away from the brain

because Mad Cow prions survive even autoclaving.

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Taverner

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Mon Nov-22-10 06:58 PM
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6. Damn Blueblood Prions!

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laughingliberal

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Sun Nov-21-10 07:04 PM
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2. K & R nt

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handmade34

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Sun Nov-21-10 07:16 PM
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3. duh, let them eat cake

we have the numbers, what the heck...

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pansypoo53219

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Sun Nov-21-10 07:48 PM
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4. why wall street hates high interest rates.

and why greenspan was evil.

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Kennah

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Tue Nov-23-10 01:29 PM
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7. Raising a glass to a return to real class warfare

http://books.google.com/books?id=igqMIP7OjrAC&lpg=PA312&ots=AssOMQQ4Zu&dq=peasant%20revolt%201358%20St.%20Leu%20Oise%20Valley&pg=PA312#v=onepage&q=peasant%20revolt%201358%20St.%20Leu%20Oise%20Valley&f=false

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Thu May 02nd 2024, 10:29 PM
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