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Thread: The ascent of right wing populism

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    facts are facts


    lying wont change the fact that your party is stabbing its self to death to protect lies

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    Quote Originally Posted by evince View Post
    http://www.housingwire.com/articles/...-critical-mass


    Robo-signer effect on housing market reaching critical mass


    October 8, 2010


    Recent issues with foreclosure affidavits spawned reviews and lawsuits for mortgage servicers across the nation, and while the overall housing market may be able to shrug off the effects, if regulators or any more lenders add to the suspensions, another crisis may be at hand. Ally Financial (GJM) and JPMorgan Chase (JPM) suspended foreclosures and REO sales in 23 states, while Bank of America (BAC) declared a nationwide freeze. All three admitted employees signed foreclosure affidavits without verifying certain information or having a notary present, now known as robo-signing. Nearly all of the major servicing shops have come under nationwide scrutiny, investigations and even full-scale lawsuits from politicians, regulators and state attorneys general offices. Rick Sharga is the senior vice president of RealtyTrac, which monitors foreclosure filings across the country and releases monthly and quarterly reports. He said the effect the robo-signers are having on the overall housing market could be marginal. For now. "If the temporary 'freeze' on foreclosure proceedings is limited to new actions and loans in the current foreclosure pipeline in the 23 judicial states, it should have a minimal effect on the overall housing market," Sharga said. He added that the most likely scenario would be a brief slowing of foreclosures over the next quarter while servicers re-check loan documents and put new internal procedures in place. Foreclosure activity would then accelerate in the first quarter of next year and return to "normal" levels by the mid-point of 2011. Alex Villacorta is a senior statistician for Clear Capital, which tracks home prices nationwide. He said the amount of REO weighing on individual housing markets is the single-largest contributor to price drops. In Atlanta, the worst-performing market in August, the REO saturation rate was 66%. Meaning, REO has taken up two-thirds of the market there. "If there were all these moratoriums coming up with all these AGs calling for halts that slows the overall flow, then it has a potential to decrease this rate of new REO material coming onto the market. The REO saturation could decrease as well," Villacorta said. Meaning home prices could get a much needed bump, if only for a short amount of time as Sharga said. The most active part of the housing market by far is the lower-tier price range of REO. Investors are identifying good deals, buying those properties up and renting them back to those who may not be able to afford a home (or who may have been recently evicted from another). "If there's this perceived, rather real or not, notion that all these REOs are going to dry up soon, that could push competition. The investors would then increase their bids," Villacorta said. But if any more lenders or regulators announce a suspension, the already fragile housing market may begin to buckle. Sharga said REO sales account for 30% of the market, and taking almost a third of all sales away could have "serious consequences" for an unstable market. It all depends on how many more banks suspend these sales. "An overall moratorium would also delay foreclosure processing on thousands of homes, delaying their entry onto the market beyond the critical spring selling season, adding to the glut of distressed inventory, probably causing further deterioration in home prices, and perhaps triggering yet more foreclosures," Sharga said. "And, at a minimum, extending the housing downturn by at least another two quarters." Currently only Ally, JPMorgan Chase and BofA have suspended foreclosures. While PNC Financial (PNC) has said it is currently communicating with lawyers over the issue, Wells Fargo (WFC) has stood by the accuracy of its documents, and a spokesman for HSBC Holdings (HBC) told HousingWire that it regularly reviews its process, alluding it may not suspend foreclosures. Write to Jon Prior.
    post 117 which you refuse to adress

  3. #153 | Top
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    Quote Originally Posted by evince View Post
    facts are facts


    lying wont change the fact that your party is stabbing its self to death to protect lies
    So all the college students, hippies and democrats were in fact Republicans? Wow. Who knew?

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    Quote Originally Posted by Mott the Hoople View Post
    Here's an outstanding analysis on the rise of right wing populism in western society by British journalist Gary Younge.

    http://www.theguardian.com/commentis...MP=embed_video
    the subject

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    Quote Originally Posted by evince View Post
    Fascism and power distribution[edit]

    Benoît Mandelbrot writes:


    One of Pareto's equations achieved special prominence, and controversy. He was fascinated by problems of power and wealth. How do people get it? How is it distributed around society? How do those who have it use it? The gulf between rich and poor has always been part of the human condition, but Pareto resolved to measure it. He gathered reams of data on wealth and income through different centuries, through different countries: the tax records of Basel, Switzerland, from 1454 and from Augsburg, Germany, in 1471, 1498 and 1512; contemporary rental income from Paris; personal income from Britain, Prussia, Saxony, Ireland, Italy, Peru. What he found – or thought he found – was striking. When he plotted the data on graph paper, with income on one axis, and number of people with that income on the other, he saw the same picture nearly everywhere in every era. Society was not a "social pyramid" with the proportion of rich to poor sloping gently from one class to the next. Instead it was more of a "social arrow" – very fat on the bottom where the mass of men live, and very thin at the top where sit the wealthy elite. Nor was this effect by chance; the data did not remotely fit a bell curve, as one would expect if wealth were distributed randomly. "It is a social law", he wrote: something "in the nature of man".

    Pareto's discovery that power laws applied to income distribution embroiled him in political change and the nascent Fascist movement, whether he really sided with the Fascists or not. Fascists such as Mussolini found inspiration for their own economic ideas[citation needed] in his discoveries. He had discovered something that was harsh and Darwinian, in Pareto's view. And this fueled both the anger and the energy of the Fascist movement because it fueled their economic and social views. He wrote that, as Mandelbrot summarizes:


    At the bottom of the Wealth curve, he wrote, Men and Women starve and children die young. In the broad middle of the curve all is turmoil and motion: people rising and falling, climbing by talent or luck and falling by alcoholism, tuberculosis and other kinds of unfitness. At the very top sit the elite of the elite, who control wealth and power for a time – until they are unseated through revolution or upheaval by a new aristocratic class. There is no progress in human history. Democracy is a fraud. Human nature is primitive, emotional, unyielding. The smarter, abler, stronger, and shrewder take the lion's share. The weak starve, lest society become degenerate: One can, Pareto wrote, 'compare the social body to the human body, which will promptly perish if prevented from eliminating toxins.' Inflammatory stuff – and it burned Pareto's reputation.

    Pareto had argued that democracy was an illusion and that a ruling class always emerged and enriched itself. For him, the key question was how actively the rulers ruled. For this reason he called for a drastic reduction of the state and welcomed Benito Mussolini's rule as a transition to this minimal state so as to liberate the "pure" economic forces.[13]

    To quote Pareto's biographer:


    In the first years of his rule Mussolini literally executed the policy prescribed by Pareto, destroying political liberalism, but at the same time largely replacing state management of private enterprise, diminishing taxes on property, favoring industrial development, imposing a religious education in dogmas.[14]

    Karl Popper dubbed him the "theoretician of totalitarianism",[15] but there is no evidence in Popper's published work that he read Pareto in any detail before repeating what was then a common but dubious judgment in anti-fascist circles.[16]

    It is true that Pareto regarded Mussolini's triumph as a confirmation of certain of his ideas, largely because Mussolini demonstrated the importance of force and shared his contempt for bourgeois parliamentarism. He accepted a "royal" nomination to the Italian senate from Mussolini. But he died less than a year into the new regime's existence.

    Some fascist writers were much enamored of Pareto, writing such paeans as:


    Just as the weaknesses of the flesh delayed, but could not prevent, the triumph of Saint Augustine, so a rationalistic vocation retarded but did not impede the flowering of the mysticism of Pareto. For that reason, Fascism, having become victorious, extolled him in life, and glorifies his memory, like that of a confessor of its faith.[3]

    But many modern historians reject the notion that Pareto's thought was essentially fascistic or that he is properly regarded as a supporter of fascism
    who your party is

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    I would honestly pay to hear you try and summarize that in your own words

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    You have? Where?

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    Default The ascent of right wing populism

    Quote Originally Posted by evince View Post
    so you accept no facts


    you only do right wing lies
    I didn't think you could. Thank for your concession. I humbly accept.

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    Quote Originally Posted by cawacko View Post
    You have? Where?


    I'm nit going to tell you until you answer what I asked you many questons before yours



    you never answer questions


    you merely ask divertabot crap ot avoid dealing with your evil lies bein g blown to simtherines

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    Default The ascent of right wing populism

    Quote Originally Posted by evince View Post
    I'm nit going to tell you until you answer what I asked you many questons before yours



    you never answer questions


    you merely ask divertabot crap ot avoid dealing with your evil lies bein g blown to simtherines
    You just described yourself and your buddy Legion to a tee.

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    Quote Originally Posted by evince View Post
    I'm nit going to tell you until you answer what I asked you many questons before yours



    you never answer questions


    you merely ask divertabot crap ot avoid dealing with your evil lies bein g blown to simtherines
    You ask the same two questions over and over even though they have been answered. That's why Desh.

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  15. #165 | Top
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    Quote Originally Posted by evince View Post
    prove it you racist fucking sociopath
    Prove that you ask the same two questions over and over?

    One need only go through your post history to see that Desh.

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