Title: U.S. MAY S&P/CASE-SHILLER HOME PRICES RISE 4.6% VS YEAR AGO [African American Hating Nebby on Suicide Watch] Source:
BBG URL Source:http://www.bloomberg.com Published:Jul 27, 2010 Author:CARLOS TORRES Post Date:2010-07-27 09:07:11 by war Keywords:None Views:21216 Comments:39
The Fed is a Private organization that thru illegal means put itself between our government and us the People. IT HAS FAILED at Stablization of our currency and creating jobs.
The US uses the Fed to avoid responsibility and to concentrate wealth.
Everyone GSE debt instrument is, in essence, putable to the Fed.
Exactly. But it hasn't been put yet. ;}
It will be. When all the king's horsemen run out of their 'guarantees'.
Within months.
Debt can only be created by growing energy. Energy stopped growing May 2005. Same time housing crashed.
No energy. No debt. No debt. No Trillionaires.
"Broken financial generations – U.S. households only have a median of $2,000 saved in retirement accounts. The median net worth for those 25 to 34 is $3,700. Which generation will support the economy going forward? Social Security beneficiaries make up 19 percent of all Americans.
Now that we’ve had three full years after the bubble popped, we can see what banks have done to “fix” the problem:
-Hoard money to fix balance sheet imbalances
-Suspend mark to market (Japan banks zombie like tool of preference)
-Ignore major commercial real estate problems
-Drag out the real estate problems (we have done the same with banks delaying the foreclosure process, stopped lending their own capital in place of government loans, and banks have turned inward with government bailout funds).
