Stuff I found interesting or amusing and thought I'd share.
- Trump suggests plan to fully privative Fanny Mae and Freddie Mac. Don't know enough about the situation to have an opinion.
- RFK Jr. claims food stamps are fueling diabetes in America. He said 18% of food stamps are spent on soda and candy and that has to stop.
- VDH: Disinformation and the dropping of the atomic bombs. If you know the facts - there's only one conclusion.
- Gravity, Momentum, and the Potential Energy Field. Won't lie - it will take some work for me to come close to grasping this concept. But like many things it could be perception altering.
Well the whole financial meltdown in 2008 started because for years Fanny and Freddy had been selling subprime mortgage securities where the home buyers were 'ninjas' (No Income No Job or Assets) as AAA securities when they were in fact worthless. If a non-government entity had done that the board of directors would be in prison.
ReplyDeleteEssentially the US taxpayers were paying for welfare recipients to buy a home while those taxpayers couldn't afford their own mortgages.
Al_in_Ottawa
And it brought the term "toxic assets" into the language.
ReplyDeleteDon't forget the Kenyan fraud was at the center of the crisis in Chicago, assisting
ReplyDeleteThousands of people in scamming mortgages
Was not aware of that
ReplyDelete