I’m not sure where these came from (I assume WikiLeaks) but in any event, they’re fascinating and infuriating.
They’re saying 91% of securitized loans are misrepresented.
I’ll be interviewing April Elliott Kent, author and favorite astrologer, on Virtually Speaking Susie tonight at 11 pm. EST.
April is an absolute sweetheart, and she’ll be talking about her upcoming book, The Essential Guide to Practical Astrology. We’ll be talking about all kinds of stuff, including astral trends for this year.
Call in with your questions to 646-200-3440, or email them to me before the show and you can listen to the stream tomorrow. Be sure to include your time, date and place of birth. If you’re planning a wedding, include the possible dates.
If you like to travel, this has some good leads on hotels!
NEW YORK (CNNMoney) — Just as fears about a heavy sell off in the municipal bond market seemed to be easing, Standard & Poor’s issued a warning that this year could bring a potential surge in the number of downgrades of bonds issued by state and local governments.
States including California, Illinois and New York are strapped for cash and dealing with deep budget deficits, sparking fears that states and cities could fall short in payment obligations to muni bond holders.
As I’ve written before, the Republicans are going to use this as an excuse to pass legislation that will allow states to file for bankruptcy — while protecting the bondholders. Steal the pensions, crush the state unions – win/win!