Not only has the housing market inventory been growing, upstream we have the bond market mimicking that exact same scenario: a forced sell-off in a buyers market.
That Bear Stearns nuclear wedgie hedgie is getting tight, tighter, YEOUCH and guess what, the stock market is not gonna like cleaning up the mess.
If I had any respect for John Edwards, it’s evaporated after reading this NYT expose on how he used a non-profit to fund his political campaign.
“So [potential candidate Edwards] set up a series of entities to finance his travel, to finance a political shop and to finance an issue shop. It all adds up to a remarkable feat of keeping a presidential candidacy alive without any of the traditional bases for it.”
What’s wrong with that? you ask.
It is dishonest. It skirts around limits on donations from individuals, because giving to a non-profit is not as restricted as giving to a political campaign. It also gives Mr. Edwards the appearance of someone who was collecting on behalf of the poor… and spent it on himself and his campaign.
Jon Edwards is a wealthy man. This suggests to me he didn’t have the courage of his convictions, and had to commit a subtle act of subterfuge to enable his candidacy rather than fund it with his own money.
Trust me, I understand the typical “investor” idea of “OPM.” But that’s a business scenario, and it’s based on borrowing for short terms (at high interest) until you can make a sale.
I don’t think I could ever support a candidate who didn’t play by the rules. Sure, creative solutions are always welcome- but not when they simply exist to make a rich man richer.
Leave that to the denizens of Wall Street.
The CIA will declassify hundreds of pages of long-secret records detailing some of the intelligence agency’s worst illegal abuses — the so-called “family jewels” documenting a quarter-century of overseas assassination attempts, domestic spying, kidnapping and infiltration of leftist groups from the 1950s to the 1970s
If good as advertised, this should be good. Let’s see: MK Ultra, Che, USS Liberty, Tonkin Gulf, Allende, Pinochet, Operation Northwoods (no, wait, that’s DoD), Somoza, Chiang Kai-Shek, Marcos, that’s just off the top of my head.
I wonder what the chances are of bringing criminal indictments. Should I hold my breath?
If you’ve received an email recently about draconian penalties for traffic violations in 2007, rest easy now, this is a hoax.
New Driving Fines for 2007
1. Carpool lane – 1st time $1068.50 starting 7/1/07 (The $271 posted on the highway is old). Don’t do it again because 2nd time is going to be double. 3rd time triple, and 4th time license suspended.
Heh. “New” for 2007, and this being June, should be the first thing to give it away as a ruse.