Keyword: fallingapart

Brevity: Headers | « Text »
  • Hillary Clinton Not Just Falling Down Stairs, But Falling Apart Before Our Very Eyes

    03/13/2018 9:39:33 AM PDT · by Sean_Anthony · 137 replies
    Canada Free Press ^ | 03/13/18 | Judi McLeod
    ‘Snoping' Out Snopes on Hillary Clinton It wasn’t in India where Hillary Clinton first blamed ‘pressure’ from men for why white women voted for Trump. Clinton first tried blaming pressure from men for women in voting against her in 2017—but ‘fact-checking’ snopes.com was quick to deny it in this Sept. 15, 2017 headline: ‘A viral Facebook quote misquotes the 2016 Democratic presidential candidate’. It was no less than barefaced Fake News in action!
  • U.N. "falling apart" under Ban Ki-moon: ex-official ( Secretariat now is in a process of decay)

    07/20/2010 3:20:07 PM PDT · by NormsRevenge · 63 replies
    Reuters on Yahoo ^ | 7/20/10 | Louis Charbonneau
    UNITED NATIONS (Reuters) – The former head of the United Nations' internal oversight office has accused U.N. Secretary-General Ban Ki-moon of poor leadership, saying that the world body was "falling apart" and becoming irrelevant. The latest criticism of Ban's performance at the helm of the United Nations, first reported by the Washington Post on Tuesday, comes as his aides weigh the former South Korean foreign minister's prospects for a possible second term. The former head of the U.N. Office of Internal Oversight Services (OIOS), Inga-Britt Ahlenius of Sweden, said that under Ban's watch "there is no transparency, there is (a)...
  • Obama’s Organized Community Is Falling Apart

    08/19/2009 4:26:16 AM PDT · by AJMCQ · 38 replies · 2,221+ views
    Canada Free Press ^ | 8/18/2009 | JB Williams
    It’s now official—the average American is not as stupid as Washington DC Democrats and their international leftist friends thought. Their mystery messiah has already gone from hero to zero after only seven months in power, and Obama has now become a noose around the neck of every American Democrat, and every international fascist who “hoped” Obama could usher in Marxist “change.” Nobody can organize a community like a good old fashioned communist thug can. It worked long enough to put a mystery man in the Oval Office, thanks to international socialists working through CPUSA - SPUSA and DSAUSA, funded by...
  • Pending home sales at record low

    10/02/2007 7:52:07 AM PDT · by Hydroshock · 14 replies · 260+ views
    <p>NEW YORK (CNNMoney.com) -- The meltdown in the mortgage market in August dried up the supply of buyers for homeowners looking to sell their homes, as an industry group report showed the lowest level of homes under contract on record.</p>
  • 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...
  • Democrats: Dazed and confused

    02/18/2005 10:05:38 PM PST · by Kitten Festival · 15 replies · 527+ views
    The American Thinker ^ | Feb. 18, 2005 | Thomas Lifson
    I find myself stunned by the magnitude of the quick victory President Bush has won on tort reform, with the new bill, now awaiting his signature federalizing most class action lawsuits. No longer will judges and juries in obscure rural counties of Illinois, Mississippi and Alabama be able to award hundreds of millions or even billions of dollars to nebulous classes of supposedly injured consumers or shareholders, at the expense of productive corporations, on the thinnest of evidence. Instead , the federal judiciary, which used to be so beloved of the Democrats when it was intervening in Southern elections, will...