04/16/2010
Truth comes at a price. Either your on the receiving end or the losing end… PERIOD!
Bloomberg is reporting Goldman Sachs has been charged with fraud in regard to CDO structuring today.
So finally the ROOT CAUSE of Collateral Debt Obligation is fraud?!!?!? WOOOW finally…
http://www.bloomberg.com/apps/news?pid=20601087&sid=agT1H2ffyJCA
OTHER NEWS:
This REALLY BOGGLES MY MIND…
California in its F’EN infinite wisdom put to the side $200 million in tax credits for home buyers… hmmmmm. This is a very very generous credit since existing home owners can use the $10,000 credit on a new home and new buyers can use it on either an existing home purchase or a new property…. WAIT we have more…
And for a limited time ONLY… you will be able to combine the California tax credit with the expiring $8,000 federal credit (if you close escrow between May 1st and June 30th) for a stunning $18,000 reduction in taxes!!!
God bless America… But once again…. just look at the facts… most typical families will not use every penny of this credit… why? they are broke… and all honesty it is really a boost to a segment of our population that is doing better in this economic crisis… YES the folks who are buying houses… OH and just MAYBE we want to look at the 15 million unemployed first…. I’m just saying.
Oh yes… and Can’t forget… California will now have $200 million less to plug the $20 BILLION deficit…
Interesting Vidoes
Sprott speaks out in this excellent interview.
If you have a sense of humor look at the advertisement. What an unlikely match they make.
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