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It is almost 6 years since the foreclosure crisis came to be.. in just one city .. Orlando , Florida there are 16 thousand foreclosures listed on Trulia.. that does not count for the short sales that many banks are now allowing to sellers just to keep more foreclosures to go on the banks books..
Look at the link.. this amount of foreclosers was the same a year ago..and now they have short sales to get rid of property.
We are in big trouble and the crisis is still here.. Obama has been a terrible president and this economy is getting worse.. wait till Obamacare kicks in!
Quote:
Originally Posted by Taratova
Miami has 27 thousand bank owned foreclosures on the market. Is it ever going to end?
Not just banks. Don't forget the govt. Those deals were made because not only does the govt own those banks, but that is where their investments are. 232 tril. That is an amazing sum. All those IRS, CDOs, MBS etc...
More regulation contains a shadow economy until a net economy reaches a point where the basic needs of citizens are met (infrastructure exists, etc). Once an economy has risen from a tier 3 to emerging market status, more regulations stifles growth and pushes more into a shadow market.
Look at Peru - it takes over 300 days to start a small business due to excessive government regulation, compared to taking one hour in the united states. You have to do more research than googling a single youtube video to understand how economies work.
Quote:
Originally Posted by Gtownoe
I've got to laugh out loud at this one.
Nice try.
I am impressed with the amount of thoughtful reason you put into this answer.
Here are a few scholarly sources to back up what I am saying. Do you have a single source (you know, actual evidence, not your opinion as you seem to typically run off of) to back up your point of view?
More regulation contains a shadow economy until a net economy reaches a point where the basic needs of citizens are met (infrastructure exists, etc). Once an economy has risen from a tier 3 to emerging market status, more regulations stifles growth and pushes more into a shadow market.
Look at Peru - it takes over 300 days to start a small business due to excessive government regulation, compared to taking one hour in the united states. You have to do more research than googling a single youtube video to understand how economies work.
I am impressed with the amount of thoughtful reason you put into this answer.
Here are a few scholarly sources to back up what I am saying. Do you have a single source (you know, actual evidence, not your opinion as you seem to typically run off of) to back up your point of view?
However, making rules for others, but exempting yourself or loop holing seems to have been going on for some time. The govt elite et al is the one making the regs, they are also the biggest investor here. All that offshoring has been part of it, as well. Offshore Leaks, Tax Haven Secrecy Revealed | International ...
This seems to align with the current largest amt of derivatives being IRS. JPM's in particular special tool. A Cartel of Big Banks Is Hurting the World Economy By Manipulating Derivatives
quote:
The derivatives “reform” legislation previously passed has probably actually weakened existing regulations, and the legislation was “probably written by JP Morgan and Goldman Sachs“.
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Harold Bradley – who oversees almost $2 billion in assets as chief investment officer at the Kauffman Foundation – told the Reuters Global Exchanges and Trading Summit in New York that a cabal is preventing swap derivatives from being forced onto clearing exchanges:
However, making rules for others, but exempting yourself or loop holing seems to have been going on for some time. The govt elite et al is the one making the regs, they are also the biggest investor here. All that offshoring has been part of it, as well. Offshore Leaks, Tax Haven Secrecy Revealed | International ...
What can a major bank do that a small company can't do as well? There aren't tax 'loopholes', there are just people who educate themselves more on global tax codes.
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