Free Republic 4th Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $20,730
24%  
Woo hoo!! And the first 24% is in!! Thank you all very much!!

Keyword: crywolf

Brevity: Headers | « Text »
  • Despite hysterical headlines of an “historic” storm: Irene is a Category 1 Hurricane

    08/27/2011 9:09:40 AM PDT · by KeyLargo · 95 replies
    fire dog lake ^ | Aug 27, 2011 | Liz Berry
    Despite hysterical headlines of an “historic” storm: Irene is a Category 1 Hurricane By: Liz Berry Saturday August 27, 2011 7:44 am cross post from IfLizWereQueen The Truth of Irene’s Strength? –not nearly that of her related headlines for the past two days from the US media. Here is the latest report from the National Hurricane Center as of 6:03 AM Central Time and the hurricane still has not made landfall on the US shores. *Note: A Category 1 is the lowest category on the Saffir-Simpson scale before a storm is classified as a tropical storm. I guess they’ll have...
  • In Praise of Capitalism: How the Social Justice Left Create(s) Academic Propaganda

    06/08/2010 9:59:57 AM PDT · by Excellence · 19+ views
    Big Journalism ^ | June 8, 2010 | Patrick Courrielche
    It is no secret that progressives have created a self-cloning machine by hijacking our educational system. Their indoctrination efforts are well documented. But we rarely think of research institutions as propaganda factories. A Request for Proposal (RFP) — see document above — recently obtained by Big Journalism gives us a rare look at how progressives and labor unions attempt to manipulate the national media narrative. And their process? you may ask. Use the credibility and resources of the American higher education system to create researchprop – biased collegial research papers that serve as propaganda to support political policies. Entitled Cry...
  • Police: "You Fit the Profile"

    03/05/2008 9:37:24 PM PST · by dcwusmc · 157 replies · 777+ views
    Albany (NY) Times-Union ^ | March 2, 2008 | Brendan J. Lyons
    Police: 'You fit the profile' By BRENDAN J. LYONS Senior writer First published: Sunday, March 2, 2008 ALBANY-- The cops in the marked patrol car had circled through West Hill a couple times keeping an eye on their female target. They were part of the Street Drug Unit, an aggressive squad assigned to help rid Albany's neighborhoods of drug dealers and addicts blamed for much of the city's problems. It was early evening and already dark when the patrol car's emergency lights flashed in the rearview mirror of Lisa Shutter's Mitsubishi sedan on Quail Street, just off Central Avenue. Police...
  • California cities fill top 10 foreclosure list

    <p>NEW YORK (CNNMoney.com) -- The binge that many housing markets went on in the early- to mid-2000s is over, and some of the hottest markets like California are now experiencing the worst hangovers.</p> <p>But other areas, especially many that recorded slower home price growth earlier this decade, have seen little increase in foreclosure rates, according to the latest data released Tuesday from RealtyTrac, the online marketer of foreclosure properties.</p>
  • Credit card defaults keep rising, report says

    <p>NEW YORK (CNNMoney.com) -- American consumers are defaulting on their credit cards at a sharply higher rate compared to last year, in what could be another consequence of the recent subprime mortgage market crisis, according to a report published Tuesday.</p>
  • No Savior for Mortgage Biz

    08/28/2007 6:45:15 AM PDT · by Hydroshock · 24 replies · 490+ views
    <p>Waiting to see big banks piling into the mortgage business a la Bank of America (BAC - Cramer's Take - Stockpickr - Rating)? Don't hold your breath.</p> <p>BofA surprised Wall Street last week by making a $2 billion bet on struggling Countrywide (CFC - Cramer's Take - Stockpickr - Rating). The news, announced after the close last Wednesday, gave Countrywide's sinking stock a one-day reprieve.</p>
  • US recession risk highest since 9/11 -- ex-Treasury secretary [OH NO! WE'RE DOOOOOOOMED!!!!]

    WASHINGTON (AFP) - Former US Treasury secretary Larry Summers said Sunday it was too early to declare the financial markets crisis over and said chances had risen sharply of an economic downturn in the United States. ADVERTISEMENT Despite interventions by the US Federal Reserve last week which appeared to reverse heavy selling pressure over the collapsing US housing debt market, Summers said the risk of recession was its highest since the immediate aftermath of the September 11, 2001 attacks. "We certainly saw some repair and some return to normality this week, but I think it would be far premature to...
  • Countrywide CEO sees recession ahead

    08/25/2007 5:59:22 AM PDT · by Hydroshock · 153 replies · 2,205+ views
    <p>NEW YORK (Reuters) - Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.</p> <p>In an interview, Mozilo also said that to promote liquidity, the U.S. Federal Reserve should cut the rate it charges banks to borrow.</p>
  • Bonds still riding high on credit fears (Depression on Steroids!!)

    NEW YORK (CNNMoney.com) -- Bond remained higher Friday despite a surprisingly strong durables goods reading as credit worries continued to trouble investors. The dollar fell against the euro and the yen. Video More video Luke Newman joins CNN to explain how a private investor can build a balanced portfolio in uncertain times. Play video The 10-year benchmark note gained 8/32, or $2.50 on a $1,000 note, to yield 4.62 percent, down from 4.64 late Thursday. Bond prices and yields move in opposite directions. Bernanke: The un-Greenspan The closely watched three-month Treasury bills, which have been the focus of the market...
  • Homeowner group slams Countrywide

    08/24/2007 6:41:18 AM PDT · by Hydroshock · 49 replies · 1,124+ views
    NEW YORK (CNNMoney.com) -- Countrywide Financial, the nation's biggest home lender and one of those most affected by the subprime mortgage crisis, found itself the target of stinging criticism Thursday from an organization trying to help homeowners in peril. The Neighborhood Assistance Corporation of America said Countrywide (Charts, Fortune 500) was not doing enough to help people who took out subprime adjustable-rate mortgages (ARMs) over the past few years and now may lose their homes. Subprime loans are issued to borrowers with poor credit histories who often lack the funds to make large down payments. Justin Urquhart Stewart of Seven...
  • Rating Firms' Next Subprime Role: Defendant

    As the carcasses of subprime mortgage-backed securities lie rotting on Wall Street, the buzzards are circling heretofore untouchable prey: the rating agencies. Critics say the ratings industry was too late in downgrading mortgage-backed securities, echoing cries after past crises involving Enron, WorldCom and Russian debt, among others. But the current episode comes with a different twist: Rather than merely third-party observers, some sources say Moody's (MCO - Cramer's Take - Stockpickr - Rating), Standard & Poor's and their smaller rival Fitch Ratings played active roles in structuring MBS and related securities. Therefore, they could be deemed underwriters and exposed to...
  • Hedge Funds' World of Hurt

    Remember when Wall Street would obsess over the next leveraged buyout candidate, and hedge fund masters of the universe could raise ungodly war chests with just a handful of phone calls? What a difference a few months make. Lately, hedge fund implosions have replaced the LBO parade as the market's signature event. Investors have seen huge setbacks at funds run by Bear Stearns (BSC - Cramer's Take - Stockpickr - Rating), UBS (UBS - Cramer's Take - Stockpickr - Rating) and Goldman Sachs (GS - Cramer's Take - Stockpickr - Rating), among others, as the credit environment has grown fraught...
  • Subprime may be hitting credit cards, too (Hide under your beds!)

    08/23/2007 1:39:01 PM PDT · by Hydroshock · 80 replies · 2,032+ views
    NEW YORK (CNNMoney.com) -- Fallout from the mortgage mess and lower home prices may have started to creep into the credit card arena, judging from July payments and some initial moves by issuers to tighten the screws on cardholders. After falling for three consecutive months, delinquent payments on credit cards -- defined as more than 30 days late - increased slightly in July, to 4.64 percent from 4.62 percent in June, according to CardWeb.com. A year ago, the delinquency rate was 4.18 percent. The amount of credit card debt consumers are paying off, meanwhile, has fallen. The portion of outstanding...
  • Bloodbath Beckons on Wall Street (Layoffs in big firms)

    Fretting about bonus money is Wall Street's latest fixation, but investment bankers may soon have more pressing worries. September could bring a wave of layoffs as big banks aim to bounce back from the summer's credit market swoon. Mass firings now could help brokerage firms cut costs and show investors they're taking decisive action to compete better in a tough market. It also may have dawned on banking honchos that cutting staff will help preserve whatever's left of their dwindling bonus pools. "I think [bank execs] are thinking, if I cut right now maybe I save some of this bonus,"...
  • Lehman Bros. Amputates Mortgage Arm (Another 1200 people on the unemployment lines)

    08/22/2007 12:33:18 PM PDT · by Hydroshock · 14 replies · 872+ views
    The New York investment bank will cut 1,200 positions in 23 locations as a result of the closing of BNC Mortgage. It will take an after-tax charge of $25 million and a goodwill write-down of $27 million, it said. Lehman said that poor market conditions in the mortgage space of late have "necessitated a substantial reduction in its resources and capacity in the subprime space," according to a release. The company said earlier this summer that it was combining its two non-prime residential mortgage businesses - Aurora Loan Services of Littleton, Colo., which specializes in Alt-A mortgages, and BNC Mortgage...
  • Fed rate cut? Don't bank on it

    08/22/2007 10:42:10 AM PDT · by Hydroshock · 13 replies · 709+ views
    NEW YORK (CNNMoney.com) -- Investors who are counting on the Federal Reserve to cut interest rates sometime in the next month or so may end up badly disappointed. The credit crunch of the last month has convinced many on Wall Street that a cut in the central bank's key short-term interest rate is basically a lock. Stocks jumped Friday after the Fed announced a surprise cut in the little used discount rate that the central bank charges on loans made directly to banks - and again on Tuesday on bets the Fed will cut its other key rate, the fed...
  • H&R Block's Block Financial Unit Switches Short-Term Cap Source

    H&R Block Inc.'s (HRB:H&R Block, Inc News, chart, profile, more Last: 19.79+0.59+3.07% 9:15am 08/22/2007 Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: HRB19.79, +0.59, +3.1%) Block Financial Corp. unit withdrew a net of $650 million from its working capital lines of credit to cover capital needs during the credit crunch. The Kansas City, Mo., company said it withdrew $200 million on Aug. 16 and an added $850 million on Aug. 20, using the money to pay off the previous loan. The company said in recent weeks "the credit market has become increasingly constrained and unstable," cutting...
  • As housing flounders Realtors leave profession

    08/22/2007 5:32:12 AM PDT · by Hydroshock · 122 replies · 2,375+ views
    WASHINGTON - Plummeting stock prices. Mortgage lenders filing for bankruptcy or shutting down. Layoffs at homebuilders and banks. Soaring foreclosures and loan defaults. Damage from the nation's slumping housing market is evident throughout the economy and permeates financial markets. Add real estate agents to the growing list of victims, although they know few tears will be shed for them. The National Association of Realtors expects membership rolls to decline this year for the first time in a decade. The group ended 2006 with nearly 1.4 million members — almost double the roughly 716,000 it had in 1997 — but expects...
  • Next victim of mortgage mess: Auto sales

    NEW YORK (CNNMoney.com) -- Already-battered U.S. auto sales could be the next victim of the problems with mortgages, declining home and stock prices as potential car buyers delay purchases due to uncertainty. Industrywide U.S. auto sales in August could be off 10 percent from a year ago, according to an early read from sales tracker Edmunds.com. That follows July sales that were 19 percent below year-earlier levels. Video More video Justin Urquhart Stewart of Seven Investment Management joins CNN to talk about mortgages and the markets. Play video Video More video CNN's Gerri Willis offers tips for weathering the mortgage...
  • Is WaMu the Next Countrywide?

    08/22/2007 5:03:44 AM PDT · by Hydroshock · 20 replies · 1,533+ views
    Countrywide Financial (CFC - Cramer's Take - Stockpickr - Rating) isn't the only big bank threatened by the deepening real estate crisis. An analysis of the largest 20 banks and thrifts by TheStreet.com Ratings shows that four institutions are under-reserved for possible credit losses, a red flag as the economy slows and mortgage defaults rise. Perhaps more troubling, the numbers show that one of those institutions -- Washington Mutual (WM - Cramer's Take - Stockpickr - Rating) -- could join Countrywide in facing serious liquidity problems as worries about the housing and mortgage markets multiply. Meanwhile, another big lender, National...
  • Was the Mortgage a Mistake? (Homeowner just now figures out they are in a hole)

    08/21/2007 8:18:53 AM PDT · by Hydroshock · 177 replies · 5,301+ views
    Two years ago, my wife and I sat at a long conference table in a mortgage-title office in Bethesda. Sitting next to us: our real estate agent, who drew up our bid on a townhouse in Germantown two days after showing it to us. We didn't get an inspection, and I don't recall going back for a second look. We had to act fast or someone else would get it. Our bid won the house -- our very own first home -- and now we had to close the deal. The owners sat across the table. They seemed more nervous...
  • Capital One and the mortgage domino effect

    NEW YORK (Fortune) -- Capital One's shuttered GreenPoint Mortgage is the latest mortgage banking explosion to bump Wall Street's panic meter up a notch, and industry insiders say it is just another indicator that retail banks will be stung by the credit mess they helped create. "Banks are not going to want to be in the mortgage business after all this is over," says Richard Wilkes, a mortgage industry veteran who ran First Nationwide Mortgage before it became a part of Citigroup. More from FORTUNE The Bear truth Where were the cops? Subprime on the Rhine FORTUNE 500 Current Issue...
  • (Part 1)FR EXCLUSIVE: Breaking -- Major Newspaper Doing Blockbuster Story on Peter Paul and Hillary

    10/03/2005 4:38:01 PM PDT · by doug from upland · 363 replies · 19,932+ views
    Peter Paul/DFU ^ | 10-3-05 | Doug from Upland
    (Part 1)FR EXCLUSIVE: Breaking -- Major Newspaper Doing Blockbuster Story on Peter Paul and Hillary Oct. 3, 2005 Doug from Upland Reporting from Upland, CA FReepers, we have this report exclusively for you first here on FreeRepublic, the political website of record. A major newspaper, the identity of which will be released later this week, will publish a blockbuster story on Sunday discussing donor Peter Paul and the beneficiary of his $1.9 million campaign contribution in 2000, Hillary Rodham Clinton. We do not know yet the path the story will take, but in 8,000 words, Hillary is not going to...
  • How The Ridge Stole Christmas!

    12/24/2003 2:51:07 PM PST · by EveningStar · 26 replies · 202+ views
    LewRockwell.com ^ | December 24, 2003 | Butler Shaffer
    The stockings were hung by the chimney with care, When Tom Ridge appeared with a pre-Christmas scare! Just four days before Christmas, Mr. Ridge was the principal source of network entertainment as he announced that he was raising the "terror alert" in America from "yellow" to "orange." The upcoming holidays might, he supposed, provide an opportunity for some ill-defined group to attack some possible targets someplace in the homeland he imagines it his province to protect. When a 6.5 earthquake hit central California the following day, I almost expected members of the Busheoisie to praise Tom for his foresight and...
  • Wolf Blitzer Crosses The Line

    03/23/2003 9:14:35 AM PST · by My Favorite Headache · 160 replies · 469+ views
    CNN | 3-23-03 | My Favorite Headache
    Wolf Blitzer just asked Donald Rumsfeld on live global television these 2 questions: Don't you feel that broadcasting the tape of the POW's would bring comfort to their families Wolf and those back home? How do you expect to win the hearts and minds of Iraqi's while terrorizing them with the shock and awe like American forces did the other night? Wolf Blitzer needs to be Freeped like never before. No wonder CNN is literally the flagship network for ANSWER.Wolf is a total bastard.
  • FBI Warns of Scuba Diver Terror Attacks

    05/24/2002 11:00:48 AM PDT · by mhking · 47 replies · 830+ views
    FBI Warns of Possible Scuba Diver Terror Attacks 5/24/2002WASHINGTON (Reuters) - The FBI on Friday added to a recent string of warnings by citing the possible use of scuba divers by terrorists to conduct an attack."Recent information has determined that various terrorist elements have sought to develop an offensive scuba diver capability," the FBI said in an information bulletin issued by its National Infrastructure Protection Center."While there is no evidence of operational planning to utilize scuba divers to carry out attacks within the United States, there is a body of information showing the desire to obtain such capability," the FBI...