Besides being able to write swaps or insurance on crap loans, the repeal of Glass-Steagall allowed MBS securitization of mortgages. Here is the Kentucky Court transcript explaining this diabolical plan. Don't anyone ever tell me this was not a massive and predetermined determined plan:
75. From the time of the Great Depression
up and until 1999, the
conversion of loans into MBS was illegal. The Banking Act of 1933
established the Federal Deposit Insurance Corporation (FDIC)
United States and introduced banking reforms, some of which were designed
to control speculation of the exact nature of what has taken place in the
last several years. It was commonly known as the Glass– Steagall Act
Over the years provisions of the Act were eroded little by little, until
the Act was finally killed with the last repeal of the section which
prohibited a bank holding company
from owning other financial companies.
This was accomplished with the Gramm–Leach Act.
This Gramm-Leach-Bliley repeal which was really an act of treasonous attack on mainstreet, brought securitization to our shores. And Basel 3, as I have written about until I am blue in the face here, wants government guarantees of these mortgages permanent, and take out of the hands of congress the ability to stop the guarantees if economically necessary. This introduces moral hazard and the desire on the part of government/Wall Street to continue to blow bubbles that are totally unsustainable. Archive Link
28 total comments.
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Posted by Mark:
Football balls are expected to be dirty. No one expects them to be clean and shiny, honestly. Your friends may even have more respect to it if it has all sorts of dirt on it. It will bear the grime like some sort of a medal or a scar. The shower curtains, made of liner, are cheap. So even if one catches mould, it will happen once or twice a year, it is a good investment to throw it away and buy a new one. Pillows go the same way. Keeping it inside a holster will protect them well enough from dirt, besides, you are taking a shower or a bath before you are going to bed, so there cannot be that much dirt upon it anyway. Just toss them out once a year and get a new one.
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Posted by Kelly:
Red wine is one of the most popular drink. It's perfect for your celebration or party. The problem is that it is really easy to spill it and if you have a wool carpet, you will probably get it stained.
That is not such a problem if you manage to clean the stain as soon as it occurred. It is much easier to clean red wine before it has dried on the carpet.
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Posted by Scadi:
Get proof of insurance. This is an easy one. Simply ask the company to e-mail you their certificate. A reliable company should not have any problem with that. This Certificate of Liability will give you all you need to know, from which one is the insurance broker, that have signed it, to the companies name, to which it is signed to.
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Posted by Anonymous:
I remember a film, Limitless. There was this guy, an author, who was terrible. He could not have managed to write anything for a very long time. Then suddenly he gets this pill from a friend. A pill that expands the potential of the brain. The first thing he does with it, is to clean up his home. Well, it was not the first thing, but you get the picture. In the middle of the film he has discoverers that you do not need that pill to keep your mind working at full capacity. If you stop alcohol, eat regularly, have a good sleep, you can manage without them. Organizing and keeping to a simple routine, is what makes you good at more complex stuff. It is a set of mind, not the skills, that matter.
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Posted by Jenifer:
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Great post !
As most of you have probably heard, green cleaning became very popular in the past few years. You can make most of your cleaning products from your household products. They are eco-friendly, they do not have any chemicals and last but not least they are much cheaper. So why not make it easier and healthier for us and our family?
Posted by Sienna Brown:
If you have ever smelled a sour milk, then you know how nasty odour it has. Spilled milk that has set in a carpet for a few days not only can leave that nasty odour behind, but it also can be extremely difficult to remove. Fortunately, most stains and odours can be successfully removed with common household items while you are using the right cleaning technique.
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Posted by James Harvey:
Before you hire a certain cleaning company, you should make some research. You can ask your friends, or find some info in Google. Hiring a company, that nobody has heard of, is very risky. Carpet cleaners, who have not been trained could, ruin your carpets.
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Posted by Timmy Griffin:
You may accidentally spill food on your clothing while cooking or eating, which can leave an unsightly grease stain as a result. The key to getting rid of grease stains is to treat the stain immediately when it happens.
Cleaning a house is a really difficult task that not everybody can handle. That is why there are so many professional cleaners Acton
around London. Most housewives are convinced that professional home cleaning is not so necessary thing as everyone could do it with no need of special help. However there are many home owners who go to work and do not have enough time to clean and maintain their homes. That is why they prefer hiring professional cleaners Bayswater
and leave the job to them.
If your linoleum floor has lost its shine, carpet cleaning Sydney
and carpet cleaners Sydney
advise to strip and re-wax it. Spread ammonia on the floor, let it stay for 10 minutes and scrub with a soft nylon brush. Then rinse the floor with warm water and dry it carefully.
really good advice. thnaks
To clean your drains and keep them smelling fresh, pour a 1/4 cup of baking soda down the drain. Follow with a 1/4 cup of vinegar. You will hear a bubbling sound, which is the reaction of the two. It is dissolving the muck in the drain. Allow it to sit for 20 to 30 minutes to finish the job. Follow with a good rinse, allowing the water from the spigot to run hot water for a few minutes.
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