Category Archives: Politics

Once they started to fall, well then… these mortgage-backed securities, which contained increasingly odd types of mortgages such as Interest Only, 1-Year ARMs, etc. all started to be worth less and less as more and more people couldn’t pay them. Prior to 2003, it also used to be a requirement that any financing institution had to have 30% of its assets in cash or cash-convertable form (such as treasury or other bonds), in case of failure of its securiities.
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To this day, I still have a hard time wrapping my head around the fact that over half of the voters in this country of mine knowingly elected an admitted criminal – an admitted war criminal, no less – to the highest office in the land for a second time. … He’s still a little too religious for me – this is a man who attended church every Sunday for the past 20 years – but I understand and accept that I am in a distinct minority in that regard, so I let it go.
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It’s been a while since I’ve written anything political here in this blog. The fact is, I figured that after the Democrats took control of both houses of Congress last November, that we would start to see a gradual change … Continue reading →