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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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2 comments:
Here’s a simple exercise that requires a 5th grade level of math understanding… unfortunately most economists won’t get it:
Q: Joe Sixpack (the hypothetical average American) can afford a $1,000/month mortgage payment. “How much house” can Joe Sixpack afford at 5% interest rates?
A: $186,281.61
Here’s where I may lose the economists:
Q: If the Fed stops manipulating interest rates and they eventually increase to 8% in 2 years and Joe Sixpack wants to sell his shack and move, how much can Sally Soccermom pay if she can only afford a $1000/month mortgage payment? Assume Sallly Soccermom is like most Americans and selects a standard deduction on her taxes.
A: $136,283.49
Q: How much has the house price fallen?
A: 27%
Q: Can artificially low interest rates prevent prices from crashing?
A: They can only delay the inevitable.
Angelo Mozilo for President!
George Bush for Garageman.
America sucks. Die America.
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