"Poverty is an anomaly to rich people"

[PSPS]

It's a great quote that opens DHB's post today.

Why low interest rates do not help the housing market and heavily benefit investment banks – 40 percent of Americans have mortgage rates higher than 6 percent. The SoCal housing market will enter a significant correction in 2011 based on seasonal sales and price changes.

Poverty is an anomaly to rich people: it is very difficult to make out why people who want dinner do not ring the bell. –Walter Bagehot

Over the weekend it was leaked that US authorities were gearing up to bring insider trading charges against investment banks, consultants, and a wide net of Wall Street players. We’ve gone down this road a few times since the crisis started and many of the crony banking institutions merely settled out of court paying the government off with taxpayer money. It’ll be interesting to see that going on our fourth year of the crisis whether anyone will be charged criminally for what has become the biggest Ponzi apparatus known to humankind.

More: http://www.doctorhousingbubble.com/why-low-interest-rates-do-not-help-the-housing-market-benefit-investment-banks-40-percent-of-americans-have-mortgage-rates-higher-than-6-percent/

[Taverner]

1. Hey you know me ; EAT THE RICH!

[FiveGoodMen]

5. But cook them well to avoid parasites and stay away from the brain

because Mad Cow prions survive even autoclaving.

[Taverner]

6. Damn Blueblood Prions!

[laughingliberal]

2. K & R nt

[handmade34]

3. duh, let them eat cake

we have the numbers, what the heck...

[pansypoo53219]

4. why wall street hates high interest rates.

and why greenspan was evil.

[Kennah]

7. Raising a glass to a return to real class warfare

http://books.google.com/books?id=igqMIP7OjrAC&lpg=PA312&ots=AssOMQQ4Zu&dq=peasant%20revolt%201358%20St.%20Leu%20Oise%20Valley&pg=PA312#v=onepage&q=peasant%20revolt%201358%20St.%20Leu%20Oise%20Valley&f=false