Bits Bucket for February 17, 2016
Post off-topic ideas, links, and Craigslist finds here. Please visit my Youtube channel which you can also find here:
http:tinyurl.com/http-hbb-com
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
About Me
Name:Ben Jones
Location:Northern Arizona, United States
To donate by mail, or to otherwise contact this blogger, please send emails to: thehousingbubble@gmail.com
PayPal is a secure online payment method which accepts ALL major credit cards.
Links
-
December 2024 M T W T F S S « Sep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Photo Submission: hbbphotos@gmail.com
View the HBB Photo Gallery *updated 4/13/2008
Delinquencies are dropping so Wells Fargo said it’s cutting 581 employees throughout its mortgage operations. If you are in special servicing and doing workouts, your job is ending. The San Francisco-based bank employs 265,000 people.
“Delinquency and foreclosure rates for mortgage loans have declined to the lowest level in four years and are expected to continue to move closer to historical averages in the coming year,” said Wells Fargo (NYSE: WFC) spokesman. “With this substantial improvement, overall volumes are lower in home lending servicing business functions, including collections, home preservation, foreclosure and bankruptcy.
Jingle_Fraud,
With foreclosure moratoriums in every state, of course delinquencies are underreported.
WF is canning 600+ because housing demand is cratering.
“If you are in special servicing and doing workouts, your job is ending.”
The fed.gov programs designed to move non-performing assets from the big bank’s books, e.g., Wells Fargo are likely producing results. Nothing is being paid for because the prices are too high… just more paper contracts being generated. Friends down in California can barely pay their mortgage interest and property taxes not to mention the high electric and water rates. The media is not reporting the whole story.
They keep running these adds on tv about keep you home ca.
Other people get to pay high prices so these deadbeats can get free grants to keep their house. Its ridiculous. All paid for by borrowed money.
There are no ‘grants’ Az_Donk. Their debt and losses just continues to pile on.
Ridiculous.
You promote mortgage debt as the path to wealth all the time poster child. The banks are just facilitators.
“‘We’re Voting With Our Middle Finger’: South Carolina Explains Why It Will Pick Trump”
http://www.zerohedge.com/news/2016-02-16/were-voting-our-middle-finger-south-carolina-explains-why-it-will-pick-trump
r u on the zerohedge payroll?
I’m living in your empty skull, rent-free.
I’m living in
your empty skullmy mom’s single wide in up state BY, rent-free.And living in your empty skull too.
“A message to Washington’s entrenched political aristocracy: Americans have just given you the finger. Literally.”
Many here claim to be against the man, the state, the oligarchs and plutocrats, but vote right along with preserving their California state “professor” pension or other free shit they are receiving.
Many here claim to be against the man, the state, the oligarchs and plutocrats, but vote right along with preserving their California state “professor” pension or other free shit they are receiving.
Everyone is a libertarian until it hits them in the pocketbook.
Everyone is a libertarian until it hits them in the pocketbook.
I find a lot of people are libertarian when the law affects them and theirs, statist when the law affects other people they don’t care about.
For instance if someone is shot by the cops during a traffic stop, they have to wait to find out if that person was white or black before they can cry “tyranny” or “that thug had it coming”.
For instance if someone is shot by the cops during a traffic stop, they have to wait to find out if that person was white or black before they can cry “tyranny” or “that thug had it coming”.
Why you gotta start with the race-baiting yet again?
Personally, I like to wait until the evidence has been collected, and a grand jury has a chance to weigh what they believe really happened—before reacting in either direction. But that’s just me. From past experience, you appear to prefer to rush to judgement.
Why you gotta start with the race-baiting yet again?
Mmm, yeah. Of course, you’ve no problem with Mafia Block’s gay-baiting below, which he only does about ten times a day.
Maybe my critiques are hitting too close to home for you?
Learn to properly develop a critique first Lola.
Mmm, yeah. Of course, you’ve no problem with Mafia Block’s gay-baiting below, which he only does about ten times a day.
Your powers of recall are apparently slipping; I have complained to HA many times that his of gay name-calling is uncalled for and inappropriate here. But he is a lost cause, unreachable IMO, and so I eventually gave up and just try to avoid reading his posts.
Maybe my critiques are hitting too close to home for you?
Wow, did you really just call me a racist for asking you not to continually play the race card on non-race-related threads?
Nice ad hominem there, buddy. “When you don’t have a strong argument, attack the person…”
“Everyone is a libertarian until it hits them in the pocketbook.”
Once you put your pocketbooks back in the closet and carry a wallet like the rest of us, you’ll understand.
Not your father’s GOP…
THE WALL STREET JOURNAL
Politics & Ideas
Trump’s Hostile GOP Takeover
How can evangelicals support a candidate with such deep-seated character flaws?
Donald Trump at a press conference in Hanahan, S.C., Feb. 15.
Photo: Zuma Press
By William A. Galston
Feb. 16, 2016 7:19 p.m. ET
As the South Carolina presidential primary looms, the Republican Party faces a moment of truth. Since 1980, the winner of the state’s Republican primary has gone on to win the nomination every time except 2012. This time, with less than a week to go, Donald Trump leads his nearest rival, Sen. Ted Cruz, by a margin of more than 2 to 1. It would take a seismic shift in the contest’s closing days to produce victory for anyone other than the New York billionaire.
Not long ago, longtime leaders of the Republican establishment seemed poised to make their peace with Mr. Trump. As a man of no fixed principles, they reasoned, he was someone with whom they could do business. Without deep roots in their party, he would leave the current structure and personnel pretty much as they are. Faced with the challenges of actual governance, he would end up staffing his administration with their people and taking their advice.
After Mr. Trump’s beyond-the-pale debate performance on Saturday, they may want to reconsider. The front-runner declared war on the entire Republican Party and made clear his intention to execute a hostile takeover. Jaws dropped from coast to coast when he accused George W. Bush of lying about Iraq’s weapons of mass destruction so that he could plunge the nation into a war to overthrow Saddam Hussein.
To state the obvious, this accusation is false, and recklessly so. Although I was an early, fervent opponent of the Iraq war, it was clear to me and most others that senior Bush administration officials and the president himself believed what they were saying.
In advance of his 2003 U.N. speech, Secretary of State Colin Powell spent nearly a week at the CIA vetting the intelligence supporting the claim that Iraq had stockpiles of chemical and biological weapons and a rapidly advancing nuclear-weapons program.
Mr. Powell emerged satisfied enough to deliver the speech he came to regard as a blot on his record. Although he later pronounced himself “devastated” that some intelligence officials muzzled their doubts about the reliability of the evidence against Saddam Hussein, he never intimated that President Bush was party to a world-historical deception.
In the wake of behavior that plumbs the depths of irresponsibility, one might imagine support for Mr. Trump among the party faithful would collapse. Perhaps it will, but there is as yet no evidence of such a development.
A survey sponsored by the South Carolina House Republican Caucus and conducted on Sunday, the day after the debate, found Mr. Trump’s support holding firm at 33%, with Marco Rubio and Ted Cruz at 14%, Jeb Bush at 13% and John Kasich at 10%. The front-runner led in every category, topping Mr. Cruz among tea party identifiers and libertarians, topping Mr. Rubio among conservatives and Mr. Kasich among moderates. Mr. Trump led among seniors, young adults and every age cohort in between.
…
Bush administration officials and the president himself believed what they were saying ??
Because they wanted to believe it…It was the only narrative that would allow him to invade…There was no proof…Only innuendo…Just ask Colin Powell…
If the evangelicals and military personnel come out and in fact give him a sweeping victory it will just “affirm” through those voters what Trump said;
Bush was lying….And if he did, then he is a war criminal…
I looked up the author, expecting him to be hard-core neocon. To my surprise, William Galston is, by almost all markers, a left-center Dem. UT Austin, U Maryland, Yale, Clinton Admin, Mondale Campaign, Gore campaign, Progressive Policy, DLC, Brookings, the works. And yet he says that Bush and Powell didn’t lie their way into Iraq??
So either the body snatchers got Galston, or, somebody jacked up the CIA to sell shaky or false evidence to Bush and Powell so that they lied in good faith, as it were.
In the latter case, Trump would be half-right. *Somebody* lied to go into Iraq; it just wasn’t Bush or Powell. My guess is that it was the same bridge club that wanted to “secure the realm.”
Hey Donk..
My guess is that it was the same bridge club that wanted to “secure the realm.
It was Cheney, Rumsfeld, and their boys. The shadow presidency of the W years.
Rubio-Haley
Is this ticket the GOP’s last hope for a 2016 election win?
Republicans
SC Gov. Nikki Haley endorses Rubio
Published February 17, 2016
FoxNews.com
South Carolina Gov. Nikki Haley officially endorsed Florida Sen. Marco Rubio ahead of Saturday’s primary in the Palmetto State.
The endorsement, first reported by The State and other state media, was announced at an event in Lexington County.
“I wanted someone with compassion and conviction to do the right thing,” Haley said on Wednesday.
“Ladies and gentlemen, if we elect Marco Rubio, every day will be a great day in America,” she said.
Rubio said that Haley embodied “everything” he wants the Republican Party to be about.
“Nikki Haley is a very serious governor about issues confronting not just her state, but the country,” he told Fox News’ Greta Van Susteren in an exclusive interview after the endorsement.
Haley told Van Susteren she made phone calls to Jeb Bush and Ted Cruz earlier in the day on Wednesday to inform them she would not be endorsing them.
“I made a phone call out of respect,” Haley said. “Our country was blessed they took the time to run for president.”
Haley’s endorsement was considered the most coveted among South Carolina politicians, in part because she has very high approval ratings in the state. She joins Sen. Tim Scott and Rep. Trey Gowdy in endorsing Rubio.
…
The Wall Street Journal
Ted Cruz overtakes Donald Trump nationally in latest Republican presidential poll
By Janet Hook
Published: Feb 17, 2016 5:17 p.m. ET
Texas senator leads businessman 28% to 26%, Wall Street Journal/NBC News poll finds
Ted Cruz gestures at a Republican debate in Charleston, S.C., on January 14.
Support for Donald Trump among Republicans has declined in the past month, leaving him slightly behind Sen. Ted Cruz in the race for GOP presidential nominee, according to a new Wall Street Journal/NBC News poll conducted after a combative debate performance that soured some voters on the New York businessman.
Trump had enjoyed a double-digit lead over his rivals, but the new poll found support for him falling by seven percentage points since mid-January. Among registered voters who said they would participate in a GOP primary, he drew 26% in the new survey, narrowly trailing Cruz, who had 28%.
The decline in support for Trump comes after four other GOP candidates have dropped out of the race, a winnowing of the field that has benefited his remaining rivals. The poll also shows that if the primary came down to a head-to-head choice, both Cruz and Sen. Marco Rubio could beat Trump by double-digit margins.
…
Did Trump’s reference to Cruz by a vulgar term for vulva hurt his Republican poll numbers? It was it his comment about the hypothetical effect his shooting someone would have on his popularity with the American electorate?
Hillary looks good in a yellow Chairman Mao jacket.
Hillary Clinton’s “LOW BLOW” - YouTube
http://www.youtube.com/watch?v=EP_nHa3y2U0 - 422k - Cached - Similar pages
5 days ago
What does Bill say to Hillary after sex?
Be home in 20 minutes!
China’s massive debt cram-down.
http://wolfstreet.com/2016/02/16/china-desperate-times-require-desperate-measures/
Housing starts, permits drop for second month.
http://www.zerohedge.com/news/2016-02-17/housing-starts-permits-drop-second-month-homebuilding-activity-remains-far-below-pri
Inflation rising, espeically food prices.
http://www.bloomberg.com/news/articles/2016-02-17/wholesale-prices-in-u-s-unexpectedly-rise-on-higher-food-costs
Meanwhile, Ag commodity prices are off 15% YOY and continue to fall.
When you control the distribution you can pay the farmer pennies and charge the city dweller dollars for food.
Grossly inflated prices. That’s right up your alley Lola.
Produce brokerage is one of the slimiest businesses ever.
Farms are typically squeezed between energy prices and interest rates, but both are unusually low these days. Rising wholesale food prices would indicate price fixing, IMHO.
B…b…but they’re not building any more land.
http://www.bloomberg.com/news/articles/2016-02-15/hong-kong-land-price-plunges-nearly-70-in-government-tender
‘Murica! (Intro to IDIOCRACY)
https://www.youtube.com/watch?v=CXSz0bA9CiE
Dwayne Elizondo Mountain Dew Herbert Camacho.
The black trump.
Twentynine Palms (the high desert) California last weekend is the first time I’ve seen a female with the teardrop tattoo next to the eye, LOLZ.
The coils of razor wire around every overpass sign on the 10 Freeway were a nice touch too, turn your state into a welfare kingdom full of illegals and this is what you get. And they all vote Democrat Party for life.
That’s California for you.
California The Poorest State In The US
http://www.laweekly.com/news/california-is-americas-poorest-state-4177082
Just got back from a few weeks in Las Vegas.
Lots of radio and billboard ads on selling your house with a short sale. These ads sometimes even mention a “traditional sale.”
Talking with the locals - the housing market has never recovered from the crash. It has bounced up a little. Lots of people still underwater.
It is something see the vast tracts of undeveloped lands so near a large city from the plane.
The strip is a crazy place - especially on SuperBowl weekend.
Tons of high end stores with no shoppers.
Is there is a put under home prices now?
Do you like paying more than market value to help people stay in their home?
With housing demand cratering and prices falling, are you sure?
US Housing Demand Plummets To 20 Year Low
http://2.bp.blogspot.com/-yX5B5Hn95bQ/VYC3Wr6ihBI/AAAAAAAAj7I/alOslZa-cK8/s1600/MBAJune172015.PNG
I used to think there was a put under oil prices, right up until when its value cratered 75%.
However, with the Fed having redefined its mandate to include direct intervention in housing finance, there could be a stealth put under home prices.
You also have to get a little suspicious when Uncle Warren suddenly enters a mom-and-pop backwater industry like residential realty. Why would the likes of Berkshire Hathaway and Sotheby’s bother dabbling in such a low-end industry unless the game was somehow rigged to make them outsized gains?
And just how many toxic sub-prime mortgages were made in the last 5 years? 5 million? 10 million? 20 million?
These guys don’t play poker blind. They don’t rely on serendipity. One of a billionaire’s unusual abilities is the ability to gather information.
From yesterday:
——————
Comment by Oddfellow
2016-02-16 20:01:08
So no one can explain why it’s evil when Obama tortures and bombs, and yet perfectly fine when Trump promises to kick it up a few notches. Just the usual name-callers trying to change the subject from their own blatant hypocrisy.
Weak.
——————
I answered you by saying that Trump is just blustering and everybody knows he just blustering. He’s not even sabre-rattling, since he has no sabre to rattle. That’s why it’s fine when Trump makes a “promise.” On the other hand, Obama did more than promise. He actually DID order bombings.
I offered an explanation
I didn’t change the subject.
I didn’t call names.
I was not hypocritical.
You did not answer back.
Or do you not understand the difference between promising something and doing something? If/when Trump becomes President and orders some bombings himself, then we can call him evil. But not before.
Trump has said many times strong military so they don’t have to fight.
Codswallow doesn’t care about that. Only group racial/gender identity politics along with the rest of the Hillarykins here.
This is the second time in 2 days I have had to post this video.
Yesterday, Goon unloaded on old poor old Mikeymight like Jim Braddock on Corn Griffin and today oxide puts Cornswallow on the canvas.
http://www.youtube.com/watch?v=-3ywc_7_IE8 - 262k -
MikeyMite has never actually denied being a paid employee of the Southern Poverty Law Center. Why is that?
Southern Poverty Law Center – Manufacturing Hate for Fun and Profit
I just ignore your nonsense.
I love this statement
I answered you by saying that Trump is just blustering and everybody knows he just blustering.
How do you know?
The man has no track record.
What you mean is everyone believes.
He has a track record of being the only one, ONLY ONE, to bring up illegal immigration and make it an issue. For that alone he gets my vote because it puts him in line with the America people and light years away from the other establishment shills.
He has a track record of kicking the lying media in the teeth. No one else.
He has a track record of calling for a temporary ban on Muslim immigration. No one else.
He has a track record of being the only one, ONLY ONE, to bring up illegal immigration and make it an issue
Uh that’s not a track record that’s what he says.
A track record would include a history of employing illegal immigrants
From NYT 1990
Donald J. Trump took the witness stand yesterday to deny seven-year-old charges that he knowingly used 200 undocumented workers to demolish the old Bonwit Teller building to make way for Trump Tower, the glittering centerpiece of his real-estate empire
http://www.nytimes.com/1990/07/13/nyregion/trump-says-he-didn-t-know-he-employed-illegal-aliens.html
If the guy says something in an angry voice and enough people believe it must be true.
Your referencing something from 33 years ago and calling it a ‘track record’?
Usually when a person’s record is discussed, it’s actions, not words, that are referenced.
It’s something he has done as opposed to something he said. I’m pointing out that saying something is not a track record.
He has donated to democrats that’s a track record.
When not running for office he has been pro choice so I’ll even include that as a track record even though it’s just something he said.
He’s bilked a lot of real estate investors and banks also a track record.
What he says while he campaigns is not a track record.
Ranking labor union officials do have a ‘track record’ of being corrupt.
“Mr. Sullivan testified that he has provided the F.B.I. with information about more than 100 people, including ranking labor union officials involved in activity alleged to be corrupt.”
Another attempt to change the topic?
Backpedaling trumplings in the morning. How sweet.
Data my friend. Stick with the data.
Seattle, WA Housing Prices Crater 7% YoY
http://www.zillow.com/high-point-seattle-wa/home-values/
Sullivan was a witness in the illegal immigration court case. Questioning the character of a witness is not off-topic.
Anyway, the records of the case were sealed; who knows what the outcome was. Buyoff from Trump? Maybe. Anyway, doesn’t that court case rather prove Trump’s point? If the gov enforced the labor laws instead of winking at them, then developers like him wouldn’t be as vulnerable to such cases.
And on a side note — not sure if this is on topic — the case from 1990 is not so relevant to Trump’s bluster about border control. The immigrants in question in 1990 were Polish, not Latin.
I can just picture Trump in the parking lot at 6AM pointing to the men who would work that day. OK, you…you…you, in the truck. The rest of ya, YOU’RE FIRED!
On the other hand, maybe he wasn’t a crew boss.
Trump makes illegal immigration an issue. And his proposal? Build a wall. That Mexico is going to pay for.
No mention of enforcing laws against illegal hiring by employers. No mention of additional spending to discover, arrest, process, and deport illegal immigrants.
In other words, more of the same GOP cheap-noncomplaining- labor that we’ve come to expect for the last 35 years.
I would say talk is cheap, but on this issue even Trump’s talk is unappealing.
+1, yep, and the gullible eat it up.. FREE WALL-Y!
Until the border is secured, a lot of other discussions on immigration are moot.
Cracking down on employers hiring illegals is certainly an effective tactic, but it’s one tumbler of the lock.
Actually he mentions all of those things in his book, but you don’t care to be informed.
even thought Trump will do nothing to change it, like Bush and the GOP majority did nothing for 6 yrs.
MX wont pay for the wall, Americans dont want higher taxes.
Simply making it an issue and whipping up people is an accomplishment. It kicks a boot in the teeth of the amnesty wanting establishment. They’d much rather keep it all back room, cover of night, like Obamacare.
Very well then, everyone “believes” that Trump is just blustering. This is why people “believe” that it’s fine for Trump to merely promise bombings. Can’t say the same for Obama. He has a track record.
But you and oddfellow are claiming hyposcrisy, i.e. that it’s okay for Trump to promise something but not okay for Obama to do something. That is NOT hypocrisy because the two are not the same. If you want to claim hypocrisy, you will have to wait until Trump actually orders some bombings.
Trust me I am no fan of Obama,
TPP alone is an abomination.
The ACA maintains the wealth stripping middle man insurance companies, as it was written by them.
No prosecution of TBTF CEO’s
I’d like to see a post of mine saying it’s OK for Obama to promise one thing and do another.
The ACA maintains the wealth stripping middle man insurance companies, as it was written by them ??
The majority in America want universal health care…If ACA is bad legislation, I suggest the Republican controlled houses propose a repeal & replace bill…What we have seen is Rhetoric with 59 different votes on repeal with no alternative proposal…They don’y give a crap about uninsured in this country and the cost of it to the taxpayers (most locally)…Someone is paying for that care and its not the FED’s
I want universal health care as well. Medicare delivers it for a fraction of the cost of ACA. We pay privately run medicare advantage plans to provide medicare 15% more than it costs to run medicare on it’s own adn we forbid medicare from bargaining for lower prices.
I’ve been dealing with ACA errors for over 100+ days now. The domino of errors (not mine) has cascaded into a mess. My Appeal Hearing has even been 2 sources telling me 2 different people are assigned to me, and 2 different procedures (one phone and the other a court hearing). The Dept Of Finger Pointing at its finest. FUBAR (reason)
Medicare delivers it for a fraction of the cost of ACA ??
Make that suggestion to the house & senate republicans and all you hear back is “crickets”…
That’s because that 15% extra we paid is funneled back to the R’s and D’s in the form of campaign donations.
They all parade privatization as a way to lower costs but when privatization results in monopolies or oligopolies there is no competition and prices go up services go down, or in this case is subsidized. Money is concentrated as workers get lower wages and wealth goes to the owners.
In my neck of the woods they want to privatize water and sewer. Can’t wait for the benefits to start rolling in.
You’ll find your solution in falling prices Lola.
*Seek. Read. Learn.*
Oxide Pwns the hypocrites again. Two days in a row.
Hey tj. Your mom know you’re up this late?
Wrong, not tj, guess gain.
Like Trump or not, the man is a great manipulator and debater. He can reframe a negative into a positive for himself. He can get into the subconscious mind using words, repeating them, to get him and a word to have a positive association. Like the word “win” (used 12 times in an answer). I find him a teacher of debate and changing patterns. I think he is very very smart.
oddfellow are claiming hyposcrisy, i.e. that it’s okay for Trump to promise something but not okay for Obama to do something
Wrong again. The hypocrisy I was pointing out was in people who were vehemently anti-war and anti-torture now supporting a guy who promises to do both. If that’s not hypocrisy, then what is?
/fail.
Obama: “I’m good at killing people.”
Measton=oddfallow. No surprise there Lola.
People on this blog get too caught up in ad hominem attacks. Support your idea or cite something that diminishes the proposition of your interlocutor.
We often can tell, by the position taken, what a person’s general outlook may (but not always) be- liberal, conservative…etc.
Is it really necessary to call people “liberace” “lola” or “right wing nut bag”?
Here’s a suggestion for you. Stick with housing my friend.
Actually, I think it’s “right wing nut job”.
HA/MB is impervious to suggestion, cajoling, criticism, pleading and insults. He’s like a tank. An obnoxious, repetitive, putrid tank.
An obnoxious, repetitive, putrid tank.
He’s gollum. Started out as an alright guy and has since gone mad.
Started out as an alright guy and has since gone mad.
+1, sadly. Exeter lost his mind somewhere along the way.
who is gollum? exeter?
Are these the other individuals that are living in your head rent free?
meatswallow. Also regarding the ad hominems, hit and run trolls like Califomenting deserve little more.
This is another good one
Or do you not understand the difference between promising something and doing something? If/when Trump becomes President and orders some bombings himself, then we can call him evil. But not before.
So if a man comes into a gun store and says he needs a gun to shoot his wife we should sell it to him because he hasn’t done it yet?
So now we’re comparing the commander in chief of the US military with Congressional backing to a guy in a gun store? What, did they have only oranges at the Apple store today?
You said we should ignore what he says and not condemn him until he does it. He’s said he would bring back waterboarding and more. We should ignore it right.
Housing Lola housing….
Sarasota, FL Housing Prices Crater 16% YoY As Excess Housing Inventory Balloons Nationally
http://www.movoto.com/sarasota-fl/market-trends/
“You said we should ignore what he says and not condemn him until he does it.”
Here is something you can condemn Obama for right now.
US Marshals arresting people for not paying their federal student loans
By: Isiah Carey
Posted:Feb 15 2016 07:02PM CST
HOUSTON (FOX 26) - Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans.
Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987.
He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan.
Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans.
Green says as a result, those attorneys and debt collectors are getting judgements in federal court and asking judges to use the US Marshals Service to arrest those who have failed to pay their federal student loans.
Our reliable source with the US Marshal in Houston say Aker isn’t the first and won’t be the last.
They have to serve anywhere from 1200 to 1500 warrants to people who have failed to pay their federal student loans.
http://www.fox26houston.com/news/local-news/92232732-story - 129k -
US Marshals arresting people for not paying their federal student loans
Soooo …would it be better if we allowed the borrowers to default and let the taxpayers pick up the tab?
You are the king of weak strawmen.
OK I’ll bite
What does the private sector do when a debt is owed and not paid? When they win a judgement and nothing happens.
It sounds like the student loan debt was sold to collection agencies at a fraction of it’s face value and they are trying to collect. Was he thrown in debtors prison? It didn’t sound like it.
“Soooo …would it be better if we allowed the borrowers to default and let the taxpayers pick up the tab?”
It would be better to send a letter saying deal with your federal student loans or we will be forced to garnish your wages rather than sending US Marshals with guns to his home to take him to federal court.
Years ago an employee of mine had a dispute with his ex-wife over child support. He said he had given her cash and withheld a couple of payments or some such sh#t. I got a letter from the courts saying his child support had to be taken out of his check and sent to the clerk or i was going to jail.
Guess what, no US Marshals needed and he never missed another payment.
“It sounds like the student loan debt was sold to collection agencies at a fraction of it’s face value and they are trying to collect.”
So now US Marshals are being subbed out to private collection agencies and dragging debtors to federal court?
“Our reliable source with the US Marshal in Houston say Aker isn’t the first and won’t be the last.”
“They have to serve anywhere from 1200 to 1500 warrants to people who have failed to pay their federal student loans.”
So let’s get the full story I have some free time
Back in November 2007, Aker was sued by the federal government for nonpayment of more than $2,600 in unpaid federal student loan debt, according to documents from the U.S. District Court for the Southern District of Texas (embedded below). The court record shows that Aker, listed as Winford P. Aker in the complaint, did not appear in court to answer the lawsuit and, as is common when student loan borrowers fail to appear, the presiding judge ruled against him and ordered Aker to pay the full balance on April 17, 2007.
According to a statement from the U.S. Marshals Service, Aker repeatedly refused to show up in court after being contacted several times. The agency said Aker told them by phone he would not appear in court to answer the summons. Disobeying a court order is a criminal offense. Within a few months, the judge issued a warrant for his arrest, which the U.S. Marshals carried out. So, yes, Aker was arrested, but not just because he owed a little student loan debt. He was arrested for disobeying a court order.
The situation escalated when Aker verbally said to the deputies that he had a gun. After Aker made the statement that he was armed, in order to protect everyone involved, the deputies requested additional law enforcement assistance. Additional deputy marshals and local law enforcement officers responded to the scene. After approximately two hours, the law enforcement officers convinced Aker to peacefully exit his home, and he was arrested.”
IN the end he went to court and was released.
http://finance.yahoo.com/news/paul-aker-us-marshal-student-loan-debt-arrest
But hey keep whipping up the anger.
Did we quit when the German’s bombed Pearl Harbor H** No
Germans?
Forget it he’s on a roll.
Also good job changing the topic of this thread I fell for it.
My other post didn’t go through but yahoo has the full story so you don’t get your panties in a bunch
Back in November 2007, Aker was sued by the federal government for nonpayment of more than $2,600 in unpaid federal student loan debt,
He, did not appear in court to answer the lawsuit and, as is common when student loan borrowers fail to appear, the presiding judge ruled against him and ordered Aker to pay the full balance on April 17, 2007.
Aker repeatedly refused to show up in court after being contacted several times.
When contacted he said he would not obey the summons
Disobeying a court order is a criminal offense.
Within a few months, the judge issued a warrant
Which the U.S. Marshals carried out. So, yes, Aker was arrested, but not just because he owed a little student loan debt. He was arrested for disobeying a court order.
Aker then resisted arrest, went in his home, and said he had a gun.
Nice change of topic though
Default on debt isn’t a crime.
Don’t be a Meathead.
You really have to love Fox News.
Is there any doubt that it’s an anger and fear management tool rather than a news source? Or are they just so lazy that they did no research at all on this story. Hysterical
Default on debt isn’t a crime.
but
Ignoring a court order is a crime.
Sorry that story contained more than 3 lines so you probably didn’t finish it.
/fail.
Maybe stick with some topics you’re more capable of discussing.
Aker claims he was never notified about the order and that could very well be true? How could that very well be true if he threatened them with a gun?
“Aker claims he was never notified about the order and that could very well be true. His address listed on the complaint is different than the only listing for a “Winford P. Aker” Yahoo Finance found in the Houston area. His court summons may have been sent to an old address (efforts to reach Aker were unsuccessful).”
“Unforunately, it looks like it was a lapse in communication that landed Aker in handcuffs (to be clear, he did not spend time in jail — he was escorted by Marshals to court). And, to add insult to injury, he was ordered to pay more than $1,200 in fees back to the U.S. Marshals service for the cost of arresting him.”
Aker says he was never notified? You mean the guy who refused to pay his fines is the honest one.
sounded to me like
1. He “refused” to appear in court when contacted ie they spoke to him.
2. That he resisted arrest
3. That he threatened the US marshals and told them he had a gun.
but hey great story and attempt to march back down the indignation tower.
“3. That he threatened the US marshals and told them he had a gun.”
“The situation escalated when Aker verbally said to the deputies that he had a gun. After Aker made the statement that he was armed, in order to protect everyone involved,”
So he made that statement to the US Marshals and they took him to federal court where he had to sign a payment plan for 29-year-old school loan and they let him go?
Seems like that would have brought more charges than bad student loan debt.
measton
Go ahead and start on these.
“They have to serve anywhere from 1200 to 1500 warrants to people who have failed to pay their federal student loans.”
Looking at the bright side of all of this, US marshals won’t be taking anyone into custody for student loan debt that helped pay Hillary $2 million since 2013 until the year 2045.
August 14, , 2015
On an October evening in 2013, Hillary Clinton addressed a crowd of more than 6,000 at the University at Buffalo — a public college in upstate New York — speaking in a low-key, folksy manner about economic growth in the state’s second largest city.
The 30-minute speech earned Clinton $275,000 — a hefty chunk of the $2 million in total she has received for delivering university speeches since leaving her post as secretary of state in February 2013.
“You said we should ignore what he says”
I implied pretty strongly that we should ignore Trump’s bluster about ordering violence and/or military acts, and that Trump is probably not bloodthirsty. The discussion was never about Trump’s other policies, although I’m not too sure about them either.
Two change of topics within one thread nice.
You’re backpedalling.
Whom are you accusing of changing the topic? Not me I hope, since I directly quoted your post and then answered it.
I don’t know about those student loan cases. Sure Akers was an extreme case, but what about the other 1199? Were they all that contemptuous? Then again, maybe 1200 is an average number for a big state like Texas.
I don’t believe what Trump says, but if I did I’d hate him even more. Loser logic from the open borders crowd.
Never had any loss or family injured by an illegal have you?
“Or do you not understand the difference between promising something and doing something?”
Gladly pay you Tuesday - YouTube
http://www.youtube.com/watch?v=xs1kLkxOmqY - 192k -
“Read my lips, no new taxes.”
So you’re counting on him being a liar.
Why do you trust anything he says?
“So you’re counting on him being a liar.”
You might be, I’m not. I’m just saying he’ll do some things, probably not others, like most human beings do in their lives. And some of his statements are open to interpretation. Like doing “worse than waterboarding”. LOL! There are many ways he can do something “worse than waterboarding”, it depends on who it is being done to. The Arabs don’t give a rat’s patootie if one of their patsies is waterboarded. But they want their CAIR and their embedded mosques and Otaiba’s influence in DC. It would be worse than waterboarding, to them, if those things went away. No violence involved, though. Unless they retaliate.
So you have no idea who you’re voting for.
I’m voting for the guy who made immigration a top issue. That IS doing something.
There was a time when a man’s word or promise meant something, for the majority today that time has gone the way of the horse and buggy.
The President can not take us to war without the Senate approval and the House funding. We also have impeachment. There is no intermediary between the gun buyer and the sales clerk.
I saw your post, Oxide. In fact I tried to answer it myself, but I had one of those flash crashes and lost the post.
You are exactly right, and I had thought of posting something similar, but didn’t because of all the stupid arguments about stuff like if a tree falls in the woods and no one’s around to hear it, does it make a sound.
Most Trump supporters pretty much understand where he’s coming from. I believe he’ll build a wall, I believe he’ll use existing law to handle illegal immigration. I believe he’ll do what he says he’ll do on trade, and maybe even cut or eliminate some foreign subsidies. I believe he’ll try to avoid violence. I even think he’ll pardon Snowden in the end. I believe he’ll bring about detente with Russia. Maybe he’ll even push for impeachment of Bush the younger, but that’s one I wouldn’t try to call it either way.
In answer to oddie, I don’t believe he’s gonna engage in much foreign conflict. It’s bad for business.
Anyway, thanks, oxide. You made an excellent statement.
So if we all believe the same thing it must be true? It’s the same as a track record??
Sounds like religion.
I have no clue what you mean by that. I’m just saying what i believe, some may share it, some might not.
You believe what Trump says when it suits you, think he’s lying about all the stuff that doesn’t suit you.
Good luck with that, sounds awfully starry-eyed to me.
Wow Palm! You make a Trump presidency sound almost palatable. I think you could add “Greatly Expand Planned Parenthood.” As his numbers grow, I’ll recall your words to allay my fears.
All this Planned Parenthood phobia is annoying. The repukes sound like a broken record. Glad I reached the stage of reason and bailed being a R.
Things I like about Trump is his Washington outsider status, his ability to think through a long term strategy, his understanding of Finance, and his truthiness. I respect him more than the other candidates. I also like he was pro-choice. He’s a moderate and we need that right now. Far L & far R have been a disaster.
Why do you leave out the part of the quote where he says “but not abortion.”? Because you Want to be disingenuous?
If it’s so important to you why do you ignore his previous pro choice stance that he changed for the election.
Oxide- 5.5%+ tax hike in fxco
be warned
lol@donk
err…please enlighten. What on earth is fxco, and why is it important that I/we/us should care about it? Thanks.
If/when Trump becomes President and orders some bombings himself, then we can call him evil. But not before.
But should people who are vehemently anti-torture and anti-war vote for someone who promises to greatly increase both, just because they think that he’s probably blowing smoke? Despite the fact he repeats it regularly?
No offense, Oxide, but your contention is ridiculous. Following your logic, why should we listen to anything a candidate says while he’s running, if we really have to wait and see what they’ll do when in office.
How do we decide who to vote for? Intuition? Flipping a coin? Surely not by anything they say.
Irrelevant. Try again Lola.
Precious metals look set to break the manipulators.
http://investmentresearchdynamics.com/sot-bill-murphy-the-goldsilver-manipulators-are-at-the-end-of-their-rope/
More likely the manipulators are getting ready to crush- pump and dump - the hopes of the Gold Bugs one more time.
America’s “friend and ally, the only democracy in the Middle East”
https://www.washingtonpost.com/world/middle_east/covertly-israel-prepares-to-fight-boycott-activists-online/2016/02/17/bd3c9198-d579-11e5-a65b-587e721fb231_story.html
American taxpayers, are you getting your money’s worth?
Did the IDF ever apologize to Rachel Corrie’s parents for running her over with a Caterpiller bulldozer paid for with American tax dollars?
Do you support a foreign policy decided by people who believe the Earth is 6,000 years old?
“This sucker could go down” — George W. Bush
Washington Post real journalists provide a narrative.
Hate groups rose 14% more in 2015? No, the Southern Poverty Law Center invented 14% more hate groups in 2015. Mark Potok is only in it for the money, and his Soros-affiated globalist paymasters pay him well.
The Southern Poverty Law Center is a criminal terrorist organization.
https://www.washingtonpost.com/news/acts-of-faith/wp/2016/02/17/hate-groups-rose-14-percent-last-year-the-first-increase-since-2010/?tid=sm_tw
SPLC spies and trolls, your days are numbered. Watch your back…
Hmmm … sounds to me like the SPLC is kicking butt and SJWs are everywhere.
SPLC and SJW are indistinguishable ideology from that which resulted in Stalin murdering 20,000,000.
If Soros had his way it wouldn’t surprise me if he had hundreds of millions or even a billion plus humanoids murdered to secure power in the hands of globalists.
Christian Zionism and neocon are a cancer within foreign policy, but it’s the broader, collectivist, multi-generational agenda that is the threat.
These people will stop at nothing.
Sandy Hook was financed by Soros/Bloomberg, and conducted by DHS (and their for-profit contractor employees), and executed under direct order from Obama.
Globalists gonna globe.
Are happy days here again on Wall Street?
Come on in, folks, the water is just fine!
Incredible, isn’t it?
The Hill
February 16, 2016 - 11:24 AM EST
Banks still ‘too big to fail,’ says Fed official
By Peter Schroeder
A top Federal Reserve official says Congress should consider breaking up the nation’s largest banks before the need for another bailout arises.
Neel Kashkari, the new head of the Federal Reserve Bank of Minneapolis, said Tuesday that “too big to fail” institutions remain a problem and that policymakers should address the issue now before the next crisis hits.
“We must seriously consider bolder, transformational options,” he said in remarks at the Brookings Institution in Washington.
Kashkari has first-hand experience with bailouts, having served as the overseer of the 2009 program that rescued banks after the financial crisis. He took over the Minneapolis Fed in November.
Now, Kashkari is calling on regulators and lawmakers to take a second look at Wall Street regulations. While Republicans are arguing for fewer rules, Kashkari said policymakers need to do more to strengthen the system.
“Now is the right time for Congress to consider going further than [the Dodd-Frank financial reform bill] with bold, transformational solutions to solve this problem once and for all,” he said.
Among the ideas floated by Kashkari is breaking up large banks into smaller, less connected entities. Alternatively, large banks could be subjected to such extreme regulation, comparable to a nuclear power plant, that they effectively become public utilities.
He acknowledged the ideas could be “unsettling,” particularly for large banks that have pushed back hard against any notion in Washington that they need to be broken up.
…
“Oil Tumbles Under $30 As Iran Refuses Doha Proposal, Goldman Warns Freeze Doesn’t Help”
http://www.zerohedge.com/news/2016-02-17/oil-tumbles-under-30-iran-refuses-doha-proposal-goldman-warns-freeze-doesnt-help
Remember….. nothing accelerates the economy, creates jobs and eliminates poverty like falling prices to dramatically lower and more affordable levels. Nothing.
doesn’t matter if you don’t have skin in the game.
Surveillance state Trump worshippers will keep supporting him. The “libertarian’s” in denial that Trump is a fascist will stil worship Trump.
http://www.zerohedge.com/news/2016-02-17/who-do-they-think-they-are-donald-trump-slams-apple-decision-refuse-hacking-iphone#comments
ha-ha, Cook and Trump gonna put on their own little piece of theater here. Cook’s just playing the diva and getting a little publicity for Apple. In the end, he’ll fold faster than origami in a rain storm, but probably under the color of his board or shareholders, with the back of his hand to his forehead and his face to the heavens: “I tried, by gosh I tried to do the right thing, but THEY wouldn’t let me”.
And Trump, never one to miss an opportunity for a little publicity of his own, decides to jump in with both feet. Brilliant, actually. Because I’d say there’s fairly good odds of another allahu attack of some sort on US soil prior to the election, and a little public sparring with Tim Cook over this issue will help boost his poll numbers, or even vote count, should that happen. “Hey, I’m the guy who didn’t want these people here!”
Protecting dead terrorist killers’ privacy where the owner of the phone (the employer) consents, a judge authorized a search warrant and then also signed another separate order telling apple to deactivate the software? That’s not exactly big brother. Apple is going to lose big time.
Surveillance is built into the Constitution, sorry. Especially that part about “warrants,” which in this case the Justice department has in spades.
Reread the part where it mentions probable cause.
I’m now a politician for about three months. Obviously, I’m doing pretty well.
I agree Donald.
You have an impressive squad of sexy strumpets.
http://goo.gl/un2mno
Was that girl in the back in Beyoncé’s Black Panther Party Malcom X Super Bowl halftime show?
Today’s Cam Newton Lunch Special
Crow
Sour Grapes
Spilt Milk
No doubt in my mind.
Trump lives rent free in many skulls
Millions of them. Like this.
http://goo.gl/Vualp6
does your mom allow you to drink in the basement?
but living in your empty skull 24 hours a day?
Priceless.
“Dave:If the evangelicals and military personnel come out and in fact give him a sweeping victory it will just “affirm” through those voters what Trump said;
Bush was lying….And if he did, then he is a war criminal…”
No, not hardly. The voters are tired of political correctness! Liberal agenda driven by the media, no dissent. The election at this time is antiestablishment and anti-political correctness. Hell, Obama won the election unchallenged on the platform of ‘Hope & Change’ neither of which were codified with anything.
Hope and change, if he ever said it, would have been a slogan, not a platform. Trump’s got a slogan too, and he selling hats with that slogan printed on them.
The socialist presidency of obama is a failure. Get over it and get on with your life.
You’re being irrelevant - again.
/fail. Just like Obama.
darn socialist and those record corporate profits and 5% unemployment. uhg! I blame the scorekeepers.
Are you sure?
Labor Force Participation Rate Plummets To 37 Year Low; Jobless Population Soars To Record High
http://data.bls.gov/timeseries/LNS11300000
Nope, I disagree. Trump is selling a reality tv show.
He may be a selling other things, but he’s definitely selling hats.
We want someone who is not selling out the American people.
I hope to see him ask Clinton about selling out the American people for $150 million. That TV show I’ll find a way to watch.
Trump’s supporters understand the “Make America Great Again” on more than one level. There’s “great” as in “mighty”, a country of stature on the world stage.
There’s also “great” as in “I had a great time”. Or “a great place to be”. Goon, with his comment from up above:
“Twentynine Palms (the high desert) California last weekend is the first time I’ve seen a female with the teardrop tattoo next to the eye, LOLZ.
The coils of razor wire around every overpass sign on the 10 Freeway were a nice touch too, turn your state into a welfare kingdom full of illegals and this is what you get. And they all vote Democrat Party for life.”
That’s what I’m talking about, why it’s not so great anymore. I see this sort of thing now in places where it never existed before. I had a “great” life here, on not a whole lot of money. That’s the kind of “great” I want to see again.
why would anyone visit Palmdale? That is like going to Detroit and complaining or Cleveland. Try the coast, were the smart people compete to live.
Coming your way soon: The bigger, stronger fist of big government compromising your personal privacy.
Donald Trump rips Apple for opposing order to unlock San Bernardino suspect’s phone
Published: Feb 17, 2016 11:48 a.m. ET
‘Who do they think they are?’ Republican front-runner asks
Getty Images
‘We have to open it up,’ Donald Trump says about a phone used by one of the San Bernardino suspects
By Robert Schroeder
Fiscal policy reporter
Donald Trump wants to know: Who does Apple think it is for refusing to help the Justice Department unlock a phone used by a suspect in the San Bernardino attack?
That was Trump’s comment Wednesday morning in a call to the “Fox & Friends” show after Apple Chief Executive Tim Cook called a federal judge’s order “an unprecedented step which threatens the security of our customers” in a message posted on Apple’s web site. Cook said the company will oppose the order.
“Who do they think they are? No, we have to open it up,” said Trump, the front-runner for the Republican presidential nomination. …
I thought the GOP wants less gov…… I am so confused.
Palin 2016!
Trump: “Make American Government even bigger.”
new walls, all new deportations, tariffs, war with Iran and more….
ps. and I’ll cut taxes…..
“they took er jobs!”
He’s gonna cut federal workers at least as much as anyone else and if you believe him, much more. I’m sure you’d rather have 10 times as many border patrol agents instead of a wall right?
Trump is lying, but if he wasn’t I still would hate him, probably twice as much. Libocryte.
Who’s going to pay for you to live to 100? Not me!
http://www.marketwatch.com/story/so-whos-going-to-pay-for-you-to-live-to-be-100-2016-02-17
Baby boomers are the worst generation to ever live in this country. Millenials outnumber them now too, and they and Xers will vote to turn them into Soylent Green.
I used to work for a CPA firm preparing Medicaid cost reports for nursing home clients. When you consider the kind of care and housing you’ll receive on Medicaid, we’re actually doing you a favor by voting you into an early grave.
“This sucker could go down” — George W. Bush
Not to worry, the obesity epidemic will solve the actuarial nightmare.
Another SoCal observation, go 5+ miles inland and there are DaVita Dialysis Centers everywhere. I counted more of them than I counted In-N-Out Burgers (if crack cocaine was a sandwich, this would be it). California is in reality a very fat and ugly place.
Who pays for these peoples’ dialysis?
Medicare?
why is this economy so dependent on stocks and homes?
Instead of debtors prison, try debtor Marshal’s
You Donks can run but you CAN’T HIDE….
http://money.cnn.com/2016/02/16/pf/college/arrested-student-loan-marshals/index.html?iid=surge-story-summary
https://maine.craigslist.org/lab/5448860714.html
Well … someone’s gotta do it!
Comment by measton
2016-02-17 11:01:51
Aker says he was never notified? You mean the guy who refused to pay his fines is the honest one.
sounded to me like
1. He “refused” to appear in court when contacted ie they spoke to him.
2. That he resisted arrest
3. That he threatened the US marshals and told them he had a gun.
but hey great story and attempt to march back down the indignation tower.
“I was unaware of any outstanding debt,” Aker told CNNMoney on Tuesday. “I paid two other student loans and thought I had consolidated everything and paid it all off.”
The U.S. Marshals Service made several attempts to serve Aker with a court order requesting that he appear in federal court and searched numerous known addresses, the agency said in a statement. The Marshals Service said it spoke with him by phone in 2012 requesting he appear in court, but he refused.
Aker told CNNMoney that he does not remember having that conversation, and said that he hasn’t received any notification about the outstanding loan in a long time.
A judge issued a warrant for his arrest in December of 2012 after he failed to appear in court, the Marshals Service said.
Related: The secret world of government debt collection
On Friday, Aker was approached by two Marshals outside of his home when he went to check his mail. Things quickly escalated when they attempted to arrest him.
“I went inside to get my gun because I didn’t know who these guys were,” he told CNNMoney.
The two Marshals requested backup after Aker said that he was armed. After about two hours, he put the gun down and went outside, where he was arrested without further incident, the Marshals Service said.
“I saw some local police officers outside and thought if they’re here, this must be real,” Aker said.
The original loan was for $1,500, and with interest it now amounts to about $5,700. He said he agreed before a judge on Friday to start paying in installments of $200 a month immediately.
“I’m still shaken,” Aker said. “Why send seven guys with guns about a student loan?
Yes let’ believe the guy who hasn’t been paying his debts.
Makes sense these two walked up and grabbed him adn didn’t identify themselves as US marshals??? It apparently took him two hours to figure it out??? He agreed to pay it after he was arrested and brought in.
PS they didn’t send seven guys they sent two and then when you didn’t comply and told them you had a gun they called for back up.
You need to top beating this dead horse.
You are either incapable of logic, or your service are paid for.
Secret world of gov debt collector?
No they were there to arrest the guy for not obeying a court order.
Comment by Puggs
2016-02-17 12:45:21
Instead of debtors prison, try debtor Marshal’s
You Donks can run but you CAN’T HIDE….
Is the Fed overly reactive to Wall Street’s rate hike response?
It seems as though Wall Street is fully convinced the Fed will never follow through on liftoff plans. This creates a conundrum for the Fed to ever actually follow through on liftoff. The moment traders begin to believe the Fed means business, they dump shares, sending the stock market into a swoon.
why do the shorts keep covering?
“falling housing prices”
People with mortgages are really broken and damaged inside.
Marketwatch dot com
Here’s why speculation that China is mass-selling U.S. Treasurys could be true
Published: Feb 17, 2016 4:38 p.m. ET
Belgium might be the key to the riddle troubling the market
AFP/Getty Images
Is China liquidating large amounts of U.S. government debt?
By Ellie Ismailidou
Markets reporter
Speculation that China has been mass-selling U.S. Treasurys to boost its foreign-exchange reserves grew again Wednesday, after a report showed that Belgium’s Treasury holdings — viewed as a proxy for China’s holdings — declined sharply.
Analysts had been hypothesizing that China might be liquidating large amounts of U.S. government debt, after Beijing announced last week that the country’s foreign-exchange reserves fell in January to their lowest level in more than three years, after tumbling in December by the largest amount on record.
The release of the Treasury International Capital data late Tuesday, which contain all the flows of money into and out of the U.S for purchases and sales of U.S. securities, offered new “evidence of big Chinese selling,” said Thomas Simons an economist at Jefferies, in emailed comments.
According to the holdings data, China retained the top spot in December as the largest holder of Treasurys, with $1.246 trillion, down $18.4 billion from November. Japan maintained its position as the second-biggest holder of Treasurys, with $1.123 trillion, down $22.4 billion from the previous month.
But Belgian holdings also fell sharply, down by $21.9 billion.
“Belgian holdings have been a point of focus due to extreme volatility…This is significant because it is widely speculated that China executes trades with Treasuries held in custody in Belgium,” Simons said.
…
does it really matter? wont the fed print and buy as much as they need?
There is no limit to the balance sheet. whatever it takes.
Which simply collapses demand and drives prices lower Az_Donk.
LMAO DONK
Remember Az_Donk….. nothing accelerates the economy, creates jobs and eliminates poverty like falling prices to dramatically lower and more affordable levels. Nothing.
Oakton, VA Housing Prices Collapse 21%
http://www.zillow.com/oakton-va/home-values/
Paid $1.39 for gas in AZ today. I feel well to do.
Trump = fascism. Sanders = communism. Hilary = Jeb = Cruz = crony capitalism. Of all three I would prefer crony capitalism.
Bill, your state college education is poking through your suit. “Fascism” is a political structure wherein corporations formulate policy, executed by their legislative puppets. Methinks Mr. Trump will not be indulging in fascism.
Whereas, fascism IS the HilJebCruz religion. They are paid, therefore they play.
Agree with Jane
Jeb,Hillary,Cruz,Rubio = Facism
Trump = unknown, but a history of valuing money and image above all, and saying and doing some crazy shit.
Sanders does not equal communism but does = a clamp down and claw back and redistribution off wealth (ie agree wall street has used market manipulation, monopoly, trade policy and tax policy to strip wealth from 98% of the population)
The reality is that Sanders won’t be able to accomplish much because our congress is full of JebHillaryCruzRubio clones, but at least hill stop bad sht and put a spot light on the dark financial world.
Bill is not serious. He just likes to vent after being whipped by the man all day corralling ones and zeros.