Could it be that the House Republicans have been coached in a plan to close down as much of the US Government as possible for as long a period as possible?
Asher Edelman's Economic Reality Battles Fantasy
It has been eight months since I last set foot in the socio-economic world. So much of what we explored came to fruition the writing was becoming repetitive. Today there is much chatter about the role of the Fed, its Q program, and Fannie Mae and Freddie Mac, guarantees of mortgage paper; an opportunity for the Tea Party to meet and agree with the Liberal thinking folks; a topic on which both worlds can meet without collision. Why?
Today there appeared on the front page of the New York Times an article, “Valuable as Art, but Priceless as a Tool to Launder Money” (click to read). About a month ago we sent out a commentary, “The Raid: A Highly Regulated Art Market in Sight,” (click to read) with a N.Y. Times article attached, “Agents Descend on New York Gallery, Charging its Owner” (click to read).
The banking and mortgage placement community is earning more than ten times the norm on new mortgages entered into today!
In April of 2008 we put forth a plan to improve the economy through profitable government assistance to homeowners. Today, August 13, 2012, the plan was put forward under different authorship. Regardless of authorship one or another variant of this plan needs to be instituted now!