Nearly 6.4 million homeowners in the United States are still “underwater” on their mortgages, owing the bank more than their house is worth, experts say. “Nearly 6.4 million homes, or13 percent of all residential properties with a mortgage were still in negative equity at the end of the third quarter,” said CoreLogic, an Irvine, California […]
During 2013, America continued to steadily march down a self-destructive path toward oblivion. As a society, our debt levels are completely and totally out of control. Our financial system has been transformed into the largest casino on the entire planet and our big banks are behaving even more recklessly than they did just before the […]
I’ve always wondered what would happen once private equity players decided enough was enough and foreign oligarchs finished their real estate money laundering transactions. Well, we might be about to find out. According to RealtyTrac, foreclosures for homes worth $5 million or more are up 61% this year despite the fact that overall foreclosures are […]
(CNSNews.com) – Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month. At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. […]
Sweden is the poster state for people like Obama that believe in the power of the government to solve all problems. The beautiful nation of Sweden has the highest standard of living in the world. Its blossoming industry ranks far higher than the United States in most measurements. Life in Socialist Sweden is free of […]
Who counts as an Obamacare enrollee? The Obama administration settles on their own definition to further the propaganda and to hide Obamacares failures so far. The spin on the numbers is a ploy often used by Kim Jong-un in North Korea to further its propaganda to its citizens. Yet more falsifications from the Obama administration, […]
In Washington D.C., a sparse five residents have been able to enroll in a health insurance plan provided by the Affordable Care Act—making the cost to taxpayers per enrollee a whopping $26.7 million. According to data released by Senators Orrin Hatch (R-UT) and Chuck Grassley (R-IA), the three major carriers in the D.C. exchange only […]
Poor Barack Obama, ending his fifth year in the position as once world’s most powerful man than Obama slowly is passing the world power torch to Russia’s Putin. Obama is running out of scapegoats and fairy tales, liberals Blaming George W. Bush has lost its punch, and the ObamaCare debacle is shredding the myths he […]
For newly minted employees of Goldman Sachs, one of the first things they’re instructed on during training is the ephemeral nature of investment banks. Using deal ‘tombstones’ from decades past, established employees ask them to look closely at the list of now-defunct underwriters of long ago deals. The purpose of such an exercise is to […]
There are a number of ways that the Middle Class is being systematically destroyed in America. It has often been said that the Democratic Party is the party of Big Unions, Big Business, and Big Government (the exact formula used by the NAZIS to take over Germany in 1933). By championing increasing regulations and the […]
