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    New nortgage scam, greater than ever, sponsored by Goldman Sachs & their ilk

    Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem an act of charity, the funds are helping homeowners by reducing the size of the loans. But as part of these deals, the mortgages are being refinanced...
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    Fears of ‘Lost Decade’ Grow for British Economy

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    Fears of ‘Lost Decade’ Grow for British Economy

    Fears of ‘Lost Decade’ Grow for British Economy http://www.nytimes.com/2009/11/21/business/global/21pound.html?_r=1&hpw By LANDON THOMAS Jr. Published: November 20, 2009 LONDON — Britain may be emerging from recession, but that is little solace for those who suggest that the...
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    Dumber than toad soup...

    Anyone thinking Palin is decent looking, let alone "hot," really should lose the beer goggles. Her nose and face are hideous and there are a lot of miles on her odometer.
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    »BP CEO Says U.S. Gasoline Demand Won’t EVER Return to 2007 Level: WSJ Link

    http://online.wsj.com/article/BT-CO-20091119-717979.html NOVEMBER 19, 2009, 7:07 P.M. ET BP CEO Says U.S. Gasoline Demand Peaked In 2007 NEW YORK (Dow Jones)--U.S. gasoline demand, hammered by the recession, will never return to 2007's peak as greater use of biofuels and increased...
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    Krugman: "Economy in Grave Danger"

    http://www.nytimes.com/2009/11/20/opinion/20krugman.html?_r=1&hp The Big Squander By PAUL KRUGMAN Published: November 19, 2009 Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the...
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    More China Bubble-liciousness...ish

    •Gross Says China Bubble to Threaten Growth as Global Export Demand Falters http://www.bloomberg.com/apps/news?pid=20601087&sid=aGT0drX7Vj9I&pos=5 China Will Face Its Own Bubble, Pimco’s Gross Says (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A By Susanne...
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    Maybe 3 lost decades?: Government Declares Japan Has Slipped Into Deflation

    All major economies are drawing nearer to cash hoarding and a vicious deflationary mentality and cycle. http://www.nni.nikkei.co.jp/e/fr/tnks/Nni20091120D20JF945.htm Friday, November 20, 2009 Govt Declares Japan Has Slipped Into Deflation TOKYO (Kyodo)-- Japan has slipped into...
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    Fed balance sheet can be audited, panel says

    Praying and hoping that this happens, and soon.
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    The Imaginary Sarah Palin 'Huge' Crowds

    http://theview.abc.go.com/forum/faux-news-caught-2nd-time-little-over-week-misleading-audience For the second time in just over a week, Fox News is coming under fire for misusing old news footage. The latest flap is leading some people to charge that the cable news network is intentionally...
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    15% of mortgages are delinquent, in default or in foreclosure: Highest % in History

    I don't make the weather; I only report it.
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    State, local budget cuts a "time bomb" for US jobs

    State, local budget cuts a "time bomb" for US jobs Thu Nov 19, 2009 3:50pm EST http://www.reuters.com/article/bondsNews/idUSN1917242220091119 NEW YORK, Nov 19 (Reuters) - Budget shortfalls pose a direct threat to millions of U.S. jobs, many in the private sector, as state and local...
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    Can someone explain this to me?

    Because the average U.S. debt junky was using home equity to buy everything from SUVs to clothing at Nordstrom to college education.
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    The Raping of The Middle Class, Continued...

    http://www.bloomberg.com/apps/news?pid=20601087&sid=afNpJFuQr1n8&pos=3 Executives Took $350 Million in Pay as Pensions Ended (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A By Holly Rosenkrantz Nov. 19 (Bloomberg) -- UAL Corp., US Airways Group Inc. and eight...
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    More than half of the $9 trillion in debt U.S. to accrue will be INTEREST only

    http://money.cnn.com/2009/11/19/news/economy/debt_interest/index.htm $4.8 trillion - Interest on U.S. debt Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels. By Jeanne Sahadi...
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    Calls for new PWA - Public Works Admin / Jobs needed

    Correct! +1
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    I think Sarah Palin is going to win 2012

    America under Palin (she consumes a lot of electrolytes!):
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    15% of mortgages are delinquent, in default or in foreclosure: Highest % in History

    http://www.mortgagebankers.org/NewsandMedia/PressCenter/71112.htm Press Release - NDS Title: Delinquencies Continue to Climb in Latest MBA National Delinquency Survey Source: MBA Date: 11/19/2009 WASHINGTON, D.C. (November 19, 2009) — The delinquency rate for mortgage...
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    •Whitney Calls Banks `Grossly' Overvalued, Sees $2.7 Trillion Cut in Credit

    •Whitney Calls Banks `Grossly' Overvalued, Sees $2.7 Trillion Cut in Credit http://www.bloomberg.com/apps/news?pid=20601087&sid=acyezZUH_MYo&pos=5 Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued Email | Print | A A A By Josh Fineman and Thomas R. Keene Nov. 19...
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    Strength of the economic recovery in doubt: Spike in prime rate mortgage defaults

    http://www.businessweek.com/ap/financialnews/D9C2ME7G2.htm Last Updated: November 19. 2009 11:30AM Foreclosures hitting more people with prime loans Alan Zibel / Associated Press Washington -- A rising proportion of fixed-rate home loans made to people with good credit are sinking into...
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