Subprime auto loans are being bundled and sold by banks to insurance companies, mutual funds and public pension funds. Less than a decade removed from the fraud that surrounding the subprime loans fiasco, Wall Street bankers are back in the subprime market.
Max Keiser discusses the similarities between the subprime crisis in real estate, that brought the financial system to the brink, to the rising subprime loans on used automobiles.
Jim Rogers believes that only a Russian/Chinese/Brazil joint-currency can battle US Dollar dominance.
The presidents of Russia and Brazil met ahead of the 6th BRICS Summit. Vladimir Putin and Dewma WHO-sseff were present as some of the two countries' largest corporations signed agreements to deepen the economic ties between the two emerging nations.
Ted Cruz, a Republican from Texas, responded to Senate Majority Leader Harry Reid’s characterization of the U.S. - Mexico border as secure by telling his colleague to come take a look for himself.
President Obama and Harry Reid both engage debates divorced from the facts and divorced from the reality, Cruz said on Fox News Sunday.
Harry Reid lives in the Ritz-Carlton in Washington, D.C., and Ted exclaimed that, "I'm sure from his perspective the border seems secure. I would invite Harry Reid to come with me down Texas and see the border."
President Ronald Reagan's Address to the Nation on Independence Day, July 4, 1986.
Delivered at 9:50 p.m. aboard the USS John F. Kennedy in New York Harbor as part of "Liberty Weekend," celebrating the centennial anniversary of France's gift of the Statue of Liberty (which had recently undergone a restoration process, completed and unveiled the previous day).
This speech was given just before a 30-minute fireworks display, which, at the time, was the largest fireworks display in history.