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Tag Archives: credit crunch

Two Deaths Reported from Earthquake in Mexico – Swine Flu cases increase in California – credit crunch still impacting malls and jobs and unemployment / layoffs continuing – and US made flight veer around US airspace because revolution writer onboard – its all nuts – some damages listed from Mexico Acapulco earthquake today

28 Tuesday Apr 2009

Posted by CricketDiane in Cricket Diane C Sparky Phillips

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CIA, credit crunch, earthquakes, Homeland Security, International Concerns, swine flu, terremoto, US economic crisis, US government policy

Air France Plane With ‘No-Fly’ Passenger Barred From U.S. Airspace

Monday, April 27, 2009

U.S. authorities stopped an Air France flight on its way to Mexico from entering U.S. airspace after learning one of the passengers was on the terrorist watch list, the U.K.’s Telegraph newspaper reported.

The April 18 flight from Paris to Mexico was carrying journalist Gernando Calvo Ospina, who has written about revolutionary movements in Cuba and Colombia, and is currently researching a book about the CIA, the Telegraph reported.

Ospina was told of the incident by the plane’s co-pilot.

“I was speechless and my first reaction was to ask, ‘Do you think I’m a terrorist?’,” Ospina told the Telegraph. “He replied ‘no’ and said that was why he told me about it, adding that it was extraordinary and the first time it had happened on an Air France plane.”

There were no scheduled stops in the U.S., and the passenger list was only given to Mexican authorities, the Telegraph reported.

The flight was forced to divert to the French Caribbean island of Martinique before continuing on, the Telegraph reported.

Ospina was on his way to Nicaragua to research a report, a spokesman for Ospina’s French publisher told the paper.

http://www.foxnews.com/story/0,2933,518083,00.html

***

Monday, April 27, 2009 at 6:15 p.m.

A private school in Newberry, South Carolina, canceled classes Monday for fear of Swine Flu.

Some students at the school, which is about 40 miles northwest of Columbia, returned from a trip to Mexico with flu-like symptoms.

School officials say they’re not too concerned about swine flu, and believe a student who was sick before boarding the plane infected other students.


Swine Flu scare at South Carolina school

http://www.carolinalive.com/news/news_story.aspx?id=292505

***

Page last updated at 04:07 GMT, Tuesday, 28 April 2009 05:07 UK

‘Too late’ to contain swine flu

http://news.bbc.co.uk/1/hi/health/8021384.stm

{above – BBC video clip about the swine flu from 6 hours ago, more or less}

WHO flu expert Dr Keiji Fukuda: “Containment is not a feasible operation”

A deadly swine flu virus first detected in Mexico can no longer be contained, a World Health Organization (WHO) official has said.

WHO Assistant Director General Keiji Fukuda said countries should now focus on mitigating the effects of the virus.

The WHO has raised its alert level from three to four, two steps short of declaring a full pandemic.

Mexico earlier said it believed 149 people had now died from the swine flu, though only 20 cases are confirmed.

The US, Canada, Spain and Britain have confirmed milder versions.

‘Not inevitable’

The WHO’s decision to raise the alert level to four came after an emergency meeting of experts, brought forward by a day because of concerns over the outbreak.

WHO PANDEMIC ALERT PHASES
Phase 1: No viruses circulating among animals causing infections in humans
Phase 2: Animal influenza virus causes infection in humans, and is considered potential pandemic threat
Phase 3: Influenza causes sporadic cases in people, but no significant human-to-human transmission
Phase 4: Verified human-to-human transmission able to cause community-level outbreaks. Significant increase in risk of a pandemic
Phase 5: Human-to-human transmission in at least two countries. Strong signal pandemic imminent
Phase 6: Virus spreads to another country in a different region. Global pandemic under way

Life at centre of the outbreak

Swine flu: Your experiences

In pictures: Swine flu

Level four means the virus is showing a sustained ability to pass from human to human, and is able to cause community-level outbreaks.

[ . . . ]

He said the virus had become too widespread to make containment a feasible option, and said countries must focus on trying to put measures in place to protect the population.

He also stressed that the experts did not recommend closing borders or restricting travel. “With the virus being widespread… closing borders or restricting travel really has very little effects in stopping the movement of this virus,” he said.

http://news.bbc.co.uk/2/hi/americas/8021827.stm

***

In Canada, six cases have been recorded at opposite ends of the country, in British Columbia and in Nova Scotia.

Swine flu officially arrived in Europe on Monday, when tests confirmed that a young man in Spain and two people in Scotland – all of whom had recently returned from Mexico – had the virus. They were said to be recovering well.

SPREAD OF VIRUS
Mexico: 20 confirmed cases (149 suspected deaths)
United States: 40 confirmed cases
Canada: 6 confirmed cases
UK: 2 confirmed cases
Spain: 1 confirmed case
Israel, Brazil, Guatemala, Peru, Australia, New Zealand, and South Korea: Suspected cases being tested

Tests are also being carried out on individuals or groups in New Zealand, Australia, Brazil, Israel and South Korea who fell ill following travel to Mexico.

A number of countries in Asia, Latin America and Europe have begun screening airport passengers for symptoms, while Germany’s biggest tour operator has suspended trips to Mexico.

http://news.bbc.co.uk/2/hi/americas/8021827.stm

***

How swine flu has spread

Fears of a flu pandemic are growing as the number of confirmed cases around the world continues to rise.

In Mexico – where the outbreak began – there are now 26 confirmed cases. Some reports say as many as 149 people may have died from swine flu, but WHO officials put the figure much lower and said only about 20 of the deaths could be definitely attributed to swine flu.

http://news.bbc.co.uk/2/hi/americas/8021547.stm

[Map with confirmed cases listed – this is the officially confirmed cases]

***

HOW SWINE FLU OUTBREAK EMERGED

Flu viruses mutate over time causing small changes to proteins on their surface called antigens. If the immune system has met particular strain of the virus before it is likely to have some immunity; but if the antigens are new to the immune system, it will be weakened. The flu currently making headlines is a strain of H1N1 influenza A virus, which affects birds, some mammals and humans.

The influenza A virus can mutate in two different ways; antigenic drift, in which existing antigens are subtly altered, and antigenic shift, in which two or more strains combine. Antigenic drift causes the slight mutations year on year in the flu strains that normally affect humans. As a result humans have partial, but not complete, immunity. By contrast, the new strain of H1N1 appears to have originated via antigenic shift in Mexican pigs.

[Go to this page and see the slide show explanation excerpted above]

What is swine flu?

Swine flu is a respiratory disease, caused by influenza type A which infects pigs.

There are many types, and the infection is constantly changing.

Until now it has not normally infected humans, but the latest form clearly does, and can be spread from person to person – probably through coughing and sneezing.

What is new about this type of swine flu?

The World Health Organization has confirmed that at least some of the human cases are a never-before-seen version of the H1N1 strain of influenza type A.

H1N1 is the same strain which causes seasonal outbreaks of flu in humans on a regular basis.

But this latest version of H1N1 is different: it contains genetic material that is typically found in strains of the virus that affect humans, birds and swine.

Current treatments do work, but there is no vaccine.

http://news.bbc.co.uk/2/hi/health/8020125.stm

***

FLU PANDEMICS
1918: The Spanish flu pandemic remains the most devastating outbreak of modern times. Caused by a form of the H1N1 strain of flu, it is estimated that up to 40% of the world’s population were infected, and more than 50 million people died, with young adults particularly badly affected
1957: Asian flu killed two million people. Caused by a human form of the virus, H2N2, combining with a mutated strain found in wild ducks. The impact of the pandemic was minimised by rapid action by health authorities, who identified the virus, and made vaccine available speedily. The elderly were particularly vulnerable
1968: An outbreak first detected in Hong Kong, and caused by a strain known as H3N2, killed up to one million people globally, with those over 65 most likely to die

http://news.bbc.co.uk/2/hi/health/8020125.stm

What about bird flu?

The strain of bird flu which has caused scores of human deaths in South East Asia in recent years is a different strain to that responsible for the current outbreak of swine flu.

The latest form of swine flu is a new type of the H1N1 strain, while bird, or avian flu, is H5N1.

[from above question and answer page about swine flu]

***

Where can I get further advice?

Further information and advice on swine flu can be found at websites of leading health and research organisations around the world. The World Health Organisation gives background information on the virus. The UK’s Health Protection Agency advises the public about what to do if returning from an affected area. NHS Choices outlines how swine flu is different from other flu. The US government’s Centre for Disease Control is counting the number of cases in the US.

You can also track the spread of swine flu reports using unofficial sources. Healthmaps maps viruses using news reports. Social media guide Mashable lists some ways to track the virus . Links to useful websites are being shared on Twitter , the micro-blogging service.

***

Life at centre of the outbreak
Map: How the flu has spread
Is the world ready for a pandemic?
Economy braced for impact
UK lab ready to analyse swine flu
Lessons from Asia
‘I couldn’t get out of bed’
In pictures

Swine flu confirmed in Scotland

***

Sacramento has 2 more swine flu cases, California’s count rises to 13

Jill Tucker, Chronicle Staff Writer

Monday, April 27, 2009

(04-27) 21:15 PDT Sacramento — Two more California children were added to the list of confirmed cases of swine flu, Sacramento County health officials said this evening.

The additional children were students at St. Mel School, classmates of a third child who was diagnosed with the flu strain earlier.

A teenage student from the same school, who officials initially thought had contracted the virus during a trip to Mexico, tested negative for the flu virus. That student had become ill and then recovered after returning from his trip.

The two new cases in Sacramento County bring the total to 13 cases of swine flu statewide and 42 in other U.S. states as of Monday evening.

Other children at the school have also exhibited illness in the last few days and medical personnel were evaluating the cases.

[etc.]

“From now on when we are unable to sub-type Influenza-A virus, we have been directed to conclude the test has, in fact, detected swine flu,” the statement reads.

In addition to the three cases in Sacramento County, there were five confirmed cases of swine flu in San Diego and five in Imperial County.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/27/MN0O17A8Q5.DTL&tsp=1

San Francisco Chronicle –‎15 minutes ago

***

And from the continuing saga of commercial real estate going in the toilet –

***

Credit crunch hits the malls

Terry Pristin, New York Times

Sunday, April 26, 2009

Though it came as no surprise to investors, the collapse of General Growth Properties, the nation’s second-largest mall owner, has stirred new fears about a coming debacle in commercial real estate. The company, which owns 200 shopping centers encompassing 200 million square feet and 24,000 tenants, filed for bankruptcy protection last week.

With the credit markets virtually shut down, General Growth said it was unable to refinance the $3.3 billion in debt that had already matured or would be due this year. These included loans totaling $900 million on two malls in Las Vegas – Fashion Show and the Shoppes at the Palazzo – that were due to be repaid in November. An additional $6.4 billion in debt matures next year.

[ . . . ]

Two-thirds of the delinquency, in dollar volume, comes from loans issued in 2005 to 2007, a period when competition among lenders led to overly optimistic projections about rent growth. Delinquencies are expected to rise as borrowers exhaust reserve funds intended to cover their debt service while they waited for rents to go up.

General Growth’s problems have highlighted the difficulties for borrowers in modifying loans that have been securitized. In a filing with the Bankruptcy Court, Adam Metz, the chief executive of General Growth since John Bucksbaum, a member of the company’s founding family, stepped down in October, said the company faced “steep logistical challenges” in trying to negotiate extensions.

Restrictions stemming from tax considerations make it extremely difficult to change the terms of a securitized loan, said Thomas Humphreys, a partner New York at law firm Morrison & Foerster.

[ . . . ]

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/26/RECK176UBH.DTL&type=realestate

***

L.L. Bean to lay off more than 200 employees

Hospitals cutting services, staff amid recession

[links from above page sidebar]

***

http://www2.esmas.com/noticierostelevisa/mexico/estados/059008/dos-muertos-sismo-guerrero

Fuente: NOTIMEX

Autoridades de Guerrero confirman que 2 personas murieron tras el sismo de 5.7 grados que se registró esta mañana; reportan escuelas y casas con cuarteaduras

En video

    • Tiembla en México

INFOGRÁFICO: QUÉ ES UN SISMO

ACAPULCO, México, abr. 27, 2009.- Dos personas muertas, una lesionada con la caída de un plafón, casas y escuelas con cuarteaduras, fue el saldo del sismo que se registró esta mañana en el estado de Guerrero.

El secretario general del Ayuntamiento de Acapulco, Guillermo Ramírez Ramos, confirmó que ningún hotel resultó dañado en su estructura, sin embargo si hay daños en casas y escuelas del puerto.

En el poblado de Kilómetro 30, en el Acapulco rural, la señora Sabina Vidal murió a causa de un infarto al momento del sismo; otra persona resultó lesionada al caerse un plafón de una tienda en la avenida Cuauhtémoc y un número no determinado fue atendido por crisis nerviosas.

En la comunidad de Zoyacatlán, municipio de Marquelia, la señora Dominga Bahena Vázquez, de 75 años de edad, también falleció de un infarto al miocardio.

[ . . . ]

Nueve casas resultaron dañadas en la calle Plan de Ayala y en decenas de casas se rompieron vidrios; el edificio CABE, en la colonia El Roble, también registró cuarteaduras, al igual que la
recién remodelada Clínica Avanzada de Apoyo Primario a la Salud (CAAPS).

En la colonia Pozo de la Nación, un techo se desprendió y en el fraccionamiento Colosio un tanque de agua se fracturó sobre un edificio.

[ . . . ]

Aproximadamente las 11:46 horas del día de hoy, se registró un sismo de 5.7 grados, el cual tuvo su epicentro a 31 kilómetros sur-sureste de Tixtla, 35 kilómetros de Chilapa y a 82 kilómetros de
Acapulco.

http://www2.esmas.com/noticierostelevisa/mexico/estados/059008/dos-muertos-sismo-guerrero

***

Contenido relacionado
Reportan 25 muertos y cientos de heridos tras …
Confirman 10 muertos por sismo en el Tíbet
Terremoto en Kirguizistán deja 72 muertos
Sismo de 5.7 grados en el DF
Anciana muere por sismo en Guerrero
Se registra sismo de 4.6 grados en Guerrero
Reportan saldo blanco en DF tras sismo de 5.3 …
Se registra sismo de 5.3 grados en el DF
***
About the swine flu outbreak:
“LA EPIDEMIA DEL VIRUS PORCINO: PREGUNTAS Y RESPUESTAS”

Mande todas sus dudas sobre la epidemia de la influenza porcina a este blog. Hoy las responderemos en el programa especial “La epidemia del Virus Porcino: Preguntas y Respuestas”. Canal 2, después de El Noticiero.

**

Virus de la influenza

El virus de la influenza que es el responsable de muertes en México, aparentemente es un virus proveniente de los cerdos. El virus de la gripe o influenza tiene una gran capacidad de sufrir cambios a nivel de las proteínas que lo recubren, haciendolo más agresivo y capáz de ocasionar síntomas más severos de los que se presentan en el catarro común…

**

noticieros televisa mexico

Fotogalerías del mundo

Fotos

http://www2.esmas.com/noticierostelevisa/mexico/estados/059008/dos-muertos-sismo-guerrero

***

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Destroying the American Dream by process of elimination and socialism as policy by US government and Treasury – Congress representing no one in America

07 Tuesday Oct 2008

Posted by CricketDiane in Uncategorized

≈ Leave a comment

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aristocracy, bailouts, banking, Capitalism, Chicago Mercantile group, CME Group Trading, consumer based economy, consumerism, corruption, corruption and abuse of authority, counterfeit currencies, counterfeit securities, crash of American economy, credit crisis, credit crunch, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, economic crisis, Economics, Economy, Federal Reserve, financial derivative instruments, financial derivatives, fraud, Global Economy, Great Depression of 2009, illuminat, Intelligence, International Concerns, investment banking, job losses, life in USA, Macro-economic analysis 2008, macro-economic future forecasting, poverty, Securities and Exchange Commission, socialism, stock market, unemployment, US aristocracy, US bailouts, US Congress, US currency, US dollar, US economic crisis, US Government, US government policy, US Treasury, USA, Wall Street, Wall Street traders

The US government bailouts and handling of the current economic crisis – (including Congress, Treasury and White House team) –
I’m not sure there is anything good about it. The US government is trying to insulate the bad financial products from the good assets in the marketplace so that hopefully no more companies or banks will fail. It might work, but might not.

The reason on a larger scale that it is causing bankruptcies at a very basic level is because the ways it has been done, it is like borrowing money from a bookie to play a bet. That works find, if the bet wins.

But, when it doesn’t and the money isn’t available to pay the borrowed money back plus the play on the bet – there is a “constrained relationship” with the bookie. Or, in other words – that bookie gets real short tempered and will collect one way or another.

A lot of really big companies and banks, and well-respected businesses were making very large bets on borrowed money and then took another bet to insure against the first bet until after awhile, the debts had to paid. Apparently, there weren’t enough real moneys to pay them, nor to continue to play in this game.

The other thing that might make sense – while most of it doesn’t make sense – is that for every one dollar that these companies and banks actually had, they were allowed to borrow twelve dollars or as much as forty dollars against it. Now, who gets to do that? This has been common practice.

This has caused many Americans to be out of work, lose their homes and has forced them into bankruptcy because when the companies where they worked started trying to make themselves look profitable, they laid off people to do it.

The fact is, many companies and banks still went bankrupt also when it was discovered that they didn’t have the money to pay off the debts called due, were no longer profitable or solvent and couldn’t get any money for things they owned.

Among the investment bankers there were a set of “assets” that weren’t any more than a contract for a bet that some homeowner somewhere would pay off their mortgage. These companies has bought huge packages of mortgages that were sold together as a lot. Then they paid someone else to insure the package for how much would be owed if some of these mortgages didn’t get paid off, which hedged the bet.

sounds like betting on football sort of, doesn’t it – except in the billions and trillions of dollars. And a lot more risky.

I think, if they had stopped at that point and not gone into the next round of stupidity – well, maybe it would be different. But, since many investment houses could borrow $40 for every $1 of assets, they did (using these packages as dollars of assets) – which converted the packaged “bets” and “insurance” to hedge the bets – into cash which they used to do some more of the same game.

It looks like after a time, there were stacks and stacks of what was being valued as if the bets had been won and that, on accounting records, appeared like the cash value of all the mortgages in the package added together (like they were the total value of what could eventually be paid off, if the homeowner made good.)

Well, if your money’s no good – you’re not going to pay off a bookie with it and that is exactly what happened. There was a piece of paper for somebody’s house in Tulsa or somewhere mortgaged for $300,000 principle plus interest with a homeowner in foreclosure. Then, that isn’t the same as $300,000 cash any longer. And, the property probably couldn’t bring more than $15,000 auction off in foreclosure.

It seems complicated, but really it isn’t. If I tell you that something is worth a certain amount and it isn’t – that is a lie. But, when businesses, assets, stocks and things like that are treated this way – it is way more than a lie. And, it means that it sure can’t be used to make good on debts as if it is cash money or a building or equipment or anything of value.

This is why so many companies are on quicksand right now and the plan offered by Secretary Paulson of the Treasury is being used to buy up the worthless things that the whole bunch of them had been using like money, when it wasn’t and they didn’t have anything real to back it up.

Obviously, everything is pretty close to the vest in the business and corporate world. So, with everybody holding these bets they couldn’t pay off and borrowed moneys they couldn’t pay back, after awhile nobody wanted to loan any of them any money to play with anymore. Who would?

The President’s advisors and the Treasury Dept. think this bailout and buyout of everybody’s bets on the table will allow them to all trust each other enough to start lending real money and paying back real money again. And, hopefully, to make real profits again. This probably would’ve worked a lot better, if other countries hadn’t been conned into buying these bets too. There’s no telling if the bailout will work to get this done or not.

By the way, the falling of the economy doesn’t absolutely cause bankruptcies. It can contribute but essentially that is up to the flexibility of the participants, whether in a household or in a business. It isn’t an absolute. And, in our day and time, bankruptcy is used sometimes as a process in which to regroup, consolidate resources, protect some opportunities and then go at things again.

But, just as in a hand of poker, it isn’t always right to hold the cards and bet on them. It isn’t always a winning hand to throw them in until the four aces or royal flush comes along to play them. It is all in how its done.

– cricketdiane

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US economic crisis – US government bailouts, US statistics on unemployment and economic facts, factors, influences are manipulated and wrong – 2008

06 Monday Oct 2008

Posted by CricketDiane in Uncategorized

≈ 1 Comment

Tags

bailouts, banking, Business, Capitalism, consumerism, credit crisis, credit crunch, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, department of Labor US numbers manipulated, Dow, Federal Reserve, free market economy, Global Economy, International Concerns, investment banking, Macro-economic analysis 2008, Reality-based Analysis, Statistical Analysis, stock market, stock markets, unemployment in USA, US dollar, US economic crisis, US Economic policy, US government bailout, US government corruption, US statistics faulty and manipulated, US Treasury, Wall Street

.  “Nationwide, repossessions are up about 15 percent so far this year.”  Many analysts, however, warn that allowing your car to be repossessed often doesn’t free buyers from their obligation.  “They still may owe money if the lender sells the car for less than the balance owed. Moreover, the repossession typically stays on consumers’ credit reports for up to seven years.”

In an editorial, California’s Whittier Daily News places blame for the crisis on some “auto lenders and financiers” who “made loans to people with questionable credit or with limited ability to pay.”  Attorney Alec Trueblood told the Daily News “Unscrupulous dealers who finance their own loans” sometimes “collect deposits and payments from people they know can’t afford them — that way, they can repossess the car and resell it over and over.”  He reports that he has seen dealerships “knowingly misstate a buyers’ income — either with or without the buyer’s knowledge — so the lender would accept the loan application.”

http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080307-120206/
US News & World Report – 10-06-08

http://www.usatoday.com/money/autos/2008-02-13-repo-man_N.htm

By Chris Woodyard, USA TODAY

Repo lots overflow with reclaimed cars
Updated 2/14/2008 12:47 AM |

This year’s predicted 10% rise in vehicle repos to 1.6 million would be a third higher than 10 years ago, says Thomas Webb, chief economist for a unit of Atlanta-based Manheim, which sells cars to dealers worldwide. The increase comes atop a 10% rise in repos last year.

Car and truck repossessions this year are headed for the highest level in at least a decade, thanks to easy credit and a faltering economy, says an economist for one of the largest wholesale auto auction services.

***

posted this comment there at 3.02 p/ET-US, 10-06-08, USA
Cricket Diane C Sparky Phillips writes:
The repossession of cars likely shows more about unemployment levels than dept of labor because their numbers are manipulated. The US Department of Labor number is based on first-time applications for unemployment benefits as if that is the percentage of Americans unemployed and jobs lost which doesn’t indicate a true percentage of people that are currently unemployed.

What are the current stats of cars, trucks, and furniture repossessed? Way over 3.4 percent, I would guess. The number of jobs lost and unemployment percentages are a faulty non-representation and lenders, including large lenders know it – so do other countries that are dependent on the US consumer economy. That is why they aren’t going to lend.

These two articles were from earlier this year, however the current numbers and last years numbers of auto and truck repossessions have to be staggering. They are closer to indicating the real problems that exist in the fudging unemployment figures as the Dept of Labor has done.

But, today, those banks, bankers, investors, sovereign wealth funds and others that make lending happen – already know the real unemployment numbers are not a little bit higher than 6% – but way, way, way higher because their numbers don’t come from our US department of Labor. – Duh.

Why would they want to lend money for people and businesses in the USA? Why would they think there will be a return on the value of that loan now? What could possibly make sense about investing in the US as it is today, or to keep a small business open, or to open one, or to support consumer-based businesses on their continued hole-in-the-bucket productivity without buyers?

The reason the US government agencies in charge of publishing different economic factors numbers are manipulating their presentation and using techniques of distortion, mixing apples and oranges, comparing estimated whole stats from the Great Depression with partial stats of the current situation and doing other divisive techniques to misrepresent these numbers (including the unemployment/ job losses stats) is because they are choosing to do it that way.

Written by Cricket Diane C Sparky Phillips, 10-06-08, USA

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Is there any way that loans to these troubled industries would work? – I don’t see it –

25 Thursday Sep 2008

Posted by CricketDiane in Uncategorized

≈ Leave a comment

Tags

bailout, banking industry, Capitalism, credit crunch, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, Economics, Economy, financial derivatives, free market economy, Illuminati of One, International Concerns, Inventing Solutions For America, macro-economic forecasting, Money, Principles of Economics, Solutions, US economic crisis, US government bailout, Wall Street, Workable Solutions

What would be the natural consequences of making sizable loans or inter-industry trusts available to these industries?

1.  they would want more, all the time it ends up being more, been there, done that.

2.  they would by nature leave out some, possibly many deserving businesses which would fail.

3.  they would be difficult to assess for collateral at real value and cumbersome to manage given the current off-balance sheet entities in place.

4.  inter-industry trusts show more promise and in some respects represent facility because of their intimate knowledge of their counterparts. However, the government can’t fund them without sever consequence and abuse of these funds by the industries involved. The industries would have to pool resources and fund them, no wait – they’ve already done that and they’re the ones wanting the bailout from US coffers now.

5.  See, the problem with taking assets (as the US government) is that the US government can’t be in the business of owning such assets nor of managing them and still have a free market economy. It fails to protect, enhance, progress nor strengthen capitalism but rather it becomes something else both as a system of government and as an economic model. It won’t do both capitalism and that at the same time.

6.  Since there exists an immediate situation of concern and the American people have not agreed to another government and / or economic system – the loans having already been made, not having secured the situation as it stands – I would say that solution of ( the question of loans) doesn’t work.

7.  These industries weren’t willing to take the necessary steps knowing them nor to adequately police themselves and their activities having a proclivity to abuses already. How can they be given a loan on bad debt that will simply be converted into another loan of 10x’s that “asset value” as a continuation of the same processes? Isn’t that the problem now as it is?

8.  It seems neither grants, loans, bailouts, financial rescue packages or permits to steal are actually having any long-term positive effects given the nearly $1.1 trillion dollars +/- already used this year alone.

9. so – is there any way it could work? the basic problem is one of quality. So long as banking practices are to borrow 10:1 against assets while loaning 1:4 or 1:5 against assets then keeping the difference and not reinvesting into the safety and security of their businesses – how can any amount of money help in this? This manner of “prudence” is not prudent, not financially sound and while profitable, is not a good macro economic model for growth and prosperity. It will always yield the problem we are having now – that is what it does when done this way.

Written by Cricket Diane C “Sparky” Phillips, 092508, USA1

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Cricketdiane Stuff Found Here

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Top Posts

  • More unbelievably stupid uses of taxpayers' money which protect the interests and profits for a few while standing on the backs of the many to do it
  • How I learn - (cont.)
  • Phillips Family History
  • The Racism and Classism of Color in Design
  • Solutions - Ways to remove heavy metals / pollutants from water and soil, a new light bulb, materials science conferences - First International Conference on Materials for Energy July 4 - 8 , 2010 looking for participants, places to find science and chemistry - aeronautics jobs / employment opportunities and other great nifty science stuff and places to find things / information / resources / opportunities -
  • Nuclear weapons proliferation -
  • Raw Data - nuclear terrorism and stuff - unseparated
  • Nifty Stuff I found while working on other great stuff -
  • Exploratory Drilling means to stick a straw in the ground and when oil starts gushing out - cover the straw till later - unless its 5000 feet down on the ocean floor in the Gulf of Mexico - oil gusher
  • Mining Oil - Mining - Gushing Oil in the Gulf of Mexico - Facts and Fantasy - The Fact is it exploded into fire - The fantasy is that doesn't mean anything and its safe -

New Cricket House Studios – cricketdiane stuff

  • Corruption of President’s Actions Affects US and the International Community -Ukraine Transcript IS Proof
  • DNI Maguire Broke The Law For His Own Fealty To The President – Arrest Him Like Any Of The Rest Of Us Would Be
  • “Moscow Mitch” Soybeans and Aluminum
  • US Congress Party Control 1965 – 2019
  • Nifty New Products and an Amazing Rainbow Tie I Forgot That I Created – Cool
  • And another thing
  • Hurricane Florence in Real Time Live Streaming Cams Plus Helpful Info
  • Hurricane Update Sites – Hurricane Florence
  • Customizing Rainbow Pop Art Wall Decal Design Makes Amazing New Choices
  • Interesting Independent Designer Products You Can Buy Online
  • Elsewhere
  • Ocean Beach Posters for Beach Decor by CricketDiane and Cricket House Studios
  • Little Donnie Dare Trump limericks for the Resistance – SecondCivilWarLetters 4th of July 2018
  • Why the rights of citizens are in jeopardy in the United States right now
  • Introducing the Little Shop Out Back Preview for Studios of CricketDiane Art and New Ocean Paintings

Cricket Diane

  • 5 Nerdy Goodies that are Geeky Gifts I’ve Designed on Zazzle
  • About Cricket Diane
  • Archives Cricket House Studios
  • CricketDiane in the Studio Working
  • CricketDiane Surface Design Products
  • Got No Money Guides by Cricketdiane
  • International concerns – Mideast
  • Ocean Paintings
  • Private Equity Purchase of Toys R Us Required Toys R Us to Pay the Full Price of Being Bought – Is that Right?

Archives

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