Jeff CTNGREEN's Blog (4)

Continue

Within This Plan - the CRITICAL SAVE THE PLANETARY CREDIT MARKET document: http://graphics8.nytimes.com/images/blogs/dealbook/senate_bailout.pdf you will find page 300 to contain SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN 21 WOODEN ARROWS DESIGNED FOR USE BY 22 CHILDREN. 23 (a) IN GENERAL.—Paragraph (2) of section 4161(b) 24 is amended by redesignating subparagraph (B) as sub301 O:\AYO\AYO08C32.xml S.L.C. 1 paragraph (C) and by inserting after subparagraph (A) 2 the following new subpar… Continue

This Bailout blows. Years ago republicans had Greenspan lower the Fed Rate to 1% and allowed subprime (No Doc ) loans at way too low a rate to property priced way over its value. Would have been ok if only 100,000 such notes were written, but millions of these loans were done to the tune of just under 15 trillion $ in at-Market-Value was written. The payment curves on them meant that the person who had the loan was paying NOTHING into equity untill several years into the loan, so now you have br… Continue

It is a solid model. Our article in support of this is coming in the Next Magazine issue READ this Issue you can paste the html snippet below into a blog to display the magazine:

---

<embed width="420" height="300" src="http://ctngreen.com/magloop.swf" allowscriptaccess="never" wmode="transparent"></embed>

---

Continue