TheCharlie2323
  • Satirical Shorts
  • Other Tales
  • Banterer
  • Poems / Archives

Troubled Waters Rich in Oil

10/24/2012

0 Comments

 
The country has been fighting deflation for the last couple decades.  The previous prime minister of Japan thought a 1% increase towards inflation could do the economy some good.  The Bank of Japan disagreed, and with the new prime minister that goal is going to have to be placed on hold for a little while.  To stimulate the economy, the Bank of Japan is looking at investing more into its asset purchase program.  Those assets will likely consist of more government bonds.  If Japan is dipping into their reserve funds as they have suggested, and not taking a loan, then the Bank of Japan shouldn’t have to purchase any more assets from the government.  By issuing debt to their central bank to fight deflation, it seems their merely extending the time they have before the hammer falls.

The recent purchase of the Senkaku islands adds to the government’s assets.  Even though they were purchased from a private owner, there has been much controversy over what country they belong to. According to China, the Diaoyutai islands belong to them.  Tomato, Tamato—it’s all the same.  Some folks say war is the best way out of a recession, and Japan has been trying to overcome their recession since the early nineties.     

We would love to see a peaceful end to this confrontation, but if the argument escalates we’re going to have to back Japan.  The US administration has made clear they are tired of China’s practices, and by no means are we instigating a conflict by the US-Japan island drills.  Just a little back up, since Japan’s justice minister had to step down after being tied to the mob.  The mob has always been known to bring justice against those who are indebted to them; it seems he would have been the perfect man for the job. 

Prime Minister Yoshihiko Noda was forced to shuffle his cards once again.  He hasn’t had much luck with the ministers’ he appointed.  The PM had recently selected a new finance minister that would support his tax hike, which has faced some opposition. Justice Minister Tanaka was only in office for three weeks, before being forced to resign.  Shortly after Noda took office in 2011, the trade minister Yoshio Hachiro, whom Noda appointed was forced to resign over insensitive comments regarding Fukushima.  
 
The damage that has already been done by the nuclear plant, making the area uninhabitable is not enough for Japan’s government to follow through on being rid of nuclear power by 2030.  It sounded like a good idea when they first made the announcement, but then it hit—“that’s just way too soon, we’ll need to think about this some more.  Closing the plant would increase unemployment.”  If only the wind farm energy idea could produce as many employment opportunities as a nuclear plant, then maybe they could make it happen.  

They strike oil with the new Senkaku/Diaoyutai islands, and this new wealth may prove to be the answer to so many of their problems.  That is, with the exception of a war with China.  
    

0 Comments

Housing Insurance Bandits

10/10/2012

0 Comments

 
Cop this­-insurance will cover those that default.  All the lender needs is a qualifying buyer.  With a number   transposed from a credit score, and few missing documents, anyone can qualify.  Temporary employees rake in big bonuses for each loan they push through.  So they added an extra 1 to the front of Mr. Smith’s annual salary, “No, you mean $160,000 a year”.  Approximate value of all personal net worth, “Sure we can include the home’s value you’re looking to purchase in that figure.”  Information on all other real estate owned means, “We don’t have to include it if it’s in Chapter 7. This is applicable to what you currently own.” 
  
The red light nightmare began with the ones who said, “But my credit’s a little questionable.”  To this statement, the realtor replied, “”Now is the time to buy!”  The buyer said,“Can I really afford this though?”  To which the realtor replied, “I have this friend, actually we’re talking about a husband wife team.  He’s a loan officer, she’s an underwriter.  They may be able to work with you.”  The buyer said, “Great, can I get a number?”

For those who bought a $200,000 home that is now worth $110,000, how do they get even?  They walk, who wants to pay that much for something with so little value. What is the excuse of those who purchased a $10M home, which is now worth $6M filing for bankruptcy?  “The economy is bad for everyone, and  arena football doesn’t pay like the pros’.”  Was it pissed away, or did the lender drink it dry?  It’s hard to say when the light turned green for everyone, all at once.

The targets are stuck with the bill, unless the insurance picks it up.  At the lenders discretion, folks who could have never qualified for an FHA loan opened the door to their new home.  “Fire at will”, much like the online game, the predators can reload with the touch of a key.  Those in control were armed and dangerous, as they played a part in taking down an international economy.  It’s hard to rob a stagecoach, when that stagecoach’s driver is the lead bandit.


Was the money they made away with legal tender?  Wells Fargo is sticking with the answer “yes,” as they deny the accusations that they acted irresponsibly.  They have provided the affordable FHA loan to more new homeowners than any other lender.  More than a hundred thousand of which were said to meet the guidelines when in fact they did not, is the grounds for the “US vs. Wells Fargo” case.  
 
Taking more than their share is to be determined. Some went belly up with the crash, while other financial giants, such as Wells Fargo, continued on in spite of the foreclosures.  Some big banks have already settled in the mortgage fraud cases brought against them. Citibank settled for $158M.  After cleaning out the pockets of folks worldwide, they drained the funds from the mortgage backers (government).  “What do you mean it was fraud?”  

It’s too late for Fannie and Freddie, as they have their own lawsuits to cover for tax evasion and misleading information on their mortgage pools.  However, the FHA is determined for their books to return to black.  They have been awarded 1 billion from Bank of America/Countrywide, and a few hundred million each from other large lenders.  Their most recent lawsuit was brought against Wells Fargo, according to news sources on Oct. 9, 2012. We must wait and see how much they settle for.  The stagecoach will remain a fixture of the Wild West.  In the meantime, we have become more worrisome of the ride they're taking us for, than of being scalped by a third party.

0 Comments

    Author

    My banter was on current affairs and ran from 2011 - 2016. I currently enjoy writing satire and horror shorts.

    I chose themes to run against each current event to bring some entertainment to my Banters. I began writing the banter in February 2011, and wrote my last in February 2016.

    Archives

    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011

    Categories

    All
    2011
    4th Amendment
    5-4
    Aaa
    Administration
    Aer Lingus
    Aol
    Arizona
    Bailouts
    Barclays
    Bassar Al-Assad
    Benghazi
    Berlusconi
    Bin Laden
    Boehner
    Bryson
    Buffett Rule
    Caucuses
    Cheif Of Staff
    China
    Chris Christie
    Citibank
    Citigroup
    Commerce
    Daley
    Deutsche
    Dez Bryant
    Draft
    Economy
    Engagement
    Euro
    Facebook Ipo
    Fannie Mae
    Fed
    Federal Reserve
    Freddie Mac
    Ftc
    "Game Change"
    Geithner
    Gingrich
    Goldman Sachs
    Gop
    Governor Walker
    Henry Paulson
    Huffington Post
    Hugh Culverhouse
    Immigration
    Iran-Contra
    Ireland
    Italy
    John Paulson
    Jon Corzine
    Lew
    Lockout
    Madoff
    Mets
    Michael Grimes
    Michael Hayden
    Millionaire Tax
    Mitt Romney
    Monti
    Muddy Waters
    News Of The World
    Nfl
    Nothaus
    Obama
    Ochocinco
    Pay For Performance
    Pelosi
    Picard
    Presidential Race
    Rakoff
    Referee Lockout
    Richard Grenell
    Romney
    Romneycare
    Russia
    Sarah Palin
    Sec
    S&P
    Technocracy
    Trust In God
    Union
    Veto
    Vikram Pandit
    Wisconsin

     Subscribe in a reader

    Thecharlie2323.com Pagerank