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dixiegrrrrl

Profile Information

Gender: Female
Hometown: Seattle, for half my life
Home country: USA
Current location: Sw corner of Ala. for the rest of my life
Member since: Wed Feb 27, 2008, 01:09 PM
Number of posts: 37,243

About Me

Being the "Queen of Everything" (Mr. dixie is the Prince of What's Left) but................ Golden Retrievers RULE!!!

Journal Archives

Meet the newest fraudulent sub-prime market: car loans

This market is EXACTLY the same game as the sub-prime housing fraud.

Auto loans to people with tarnished credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, with roughly one in four new auto loans last year going to borrowers considered subprime — people with credit scores at or below 640.

The explosive growth is being driven by some of the same dynamics that were at work in subprime mortgages. A wave of money is pouring into subprime autos, as the high rates and steady profits of the loans attract investors. Just as Wall Street stoked the boom in mortgages, some of the nation’s biggest banks and private equity firms are feeding the growth in subprime auto loans by investing in lenders and making money available for loans.

And, like subprime mortgages before the financial crisis, many subprime auto loans are bundled into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds — a process that creates ever-greater demand for loans.
http://dealbook.nytimes.com/2014/07/19/in-a-subprime-bubble-for-used-cars-unfit-borrowers-pay-sky-high-rates/

another bubble being created.

Utah Attorney General charged for taking bribe to dismiss Bank of American lawsuit.

to DU's ms. smiler:

Then-Attorney General Mark Shurtleff interviewed for a job with a law firm that represents Bank of America just two months before he personally signed a settlement of a lawsuit against the financial giant over whether it was illegally foreclosing on homes in Utah.

He subsequently was hired for the post.

The disclosure of the two days of job interviews was included in criminal charges filed Tuesday against Shurtleff and his handpicked successor, John Swallow, who resigned in December in the wake of investigations that engulfed the two.

By agreeing at the end of 2012 to dismiss the federal lawsuit against Bank of America, Shurtleff scuttled what attorneys in his own office believed was the strongest case that the bank’s foreclosure arm, ReconTrust, had been illegally foreclosing on thousands of Utah homes. One estimate put the possible loss to Utah homeowners from the dismissal at tens of millions of dollars.
http://m.sltrib.com/sltrib/mobile3/58188015-219/shurtleff-bank-america-attorney.html.csp

News of his arrest,was posted by Don Viejo last week. The details of bribery re: BOA is new info, it seems.
http://www.democraticunderground.com/1014846698

Firefox spell check using British language spelling, not American.

Isn't that weird?

FF 30, added on with teh new Ubuntu Gnome OS a month or so ago.

It says "color" is a spelling error, and points me to "colour, etc.

Anyone run across this before?

Now , I do not mind, this is not a problem that necessarily needs solving, just curious if this is common.

Transcript of Pres. Obama's remarks this morning on Ukraine and Gaza

http://www.washingtonpost.com/politics/transcript-obamas-statement-on-ukraine-and-gaza/2014/07/18/a3224560-0e8c-11e4-8c9a-923ecc0c7d23_story.html

Did anyone notice we got kicked out of Kyrgyzstan, effective last week?

But we left $30 million worth of arms and equipment there, so there is that....

A mountainous, landlocked country in central Asia, Kyrgyzstan largely lacks industry, natural resources, and energy reserves. But for years, the country has boasted one foreign credential that all other nations lacked, hosting both a Russian and US military base.

Now, that's changed. On July 11, the US officially vacated its lease at the Manas Transit Centre - formerly the Manas Air Base - and rerouted personnel and materiel to a base in Romania. Nearly 13 years after the US first began using Manas for fuelling and transit missions through Afghanistan, management of the facilities was officially handed over to Kyrgyz authorities on June 3, with some $30m worth of equipment and facilities remaining.

While Washington continues to seek potential new bases in the region, the US is, in effect, vacating Central Asia.

But the US decision did not come of its own volition. Rather, the eviction stems from a fraught history and external pressures, which in 2013 convinced the Kyrgyz parliament to demand US withdrawal.
http://www.aljazeera.com/indepth/features/2014/07/us-power-wane-central-asia-2014714115610933763.html

Remember the Comcast call abusing a customer? Comcast employees say it is pretty much normal.

Here's a link to both the audio and the transcript of the cringe worthy Comcast rep. verbally abusing a customer who just wnated to disconnect form Comcast.
http://consumerist.com/2014/07/14/comcast-demands-an-explanation-before-agreeing-to-cancel-your-account/

And HERE is what Comcast remployees say about it:
As multiple tipsters are telling us, CSRs can only have a certain amount of “discos” — or disconnects — on their personal tallies each day, and must meet a certain quota of “saves,” for which they can earn bonuses and/or commission.
That “save” might just mean hanging up on a customer so the disco goes on another CSR’s list, or in Block’s case, a relentless attempt to keep the customer. Many employees said that with a low hourly pay rate, these saves are the only way to boost their paychecks.

“That rep, (may God have mercy on his soul) was doing exactly as he was told to do,” writes former Comcast call center employee and Consumerist reader M. “Comcast reps make about $12/hour, but they get bonuses for every account that they save.”

That forced reps to either tell customers to go to a Comcast store — which can be a whole other inconvenience in itself — or to keep pushing until customers give up. This is probably what the CSR dealing with Block was told by his supervisors, he surmises.

“Frustrate the customer so that they hang up, and call back to another rep and get them to do the disconnection,” M. explains. “It wouldn’t affect you, and someone else would be at the door. Plus, the longer you stay on a call, the less likely you are to disconnect more customers.”

He adds that if reps disconnected more customers than they were supposed to — he was allowed three disconnects per 8-hour shift — after three days in a row, they “were shown the door.”

http://consumerist.com/2014/07/16/comcast-employees-say-needy-retention-call-is-totally-normal/

Food for thought, if you are a Comcast customer.

This might be a good time to call and re-negotiate your cable bill..they would much rather lower it than lose you.

This is what a bail-in looks like in Spain:

(Reuters) - Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country's cash-strapped autonomous communities.

The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government.

Snip.....The government had last year fixed a zero percent tax rate on deposits across the 17 autonomous communities to prevent some of them charging their own rates, but never ruled out raising the taxation level.

http://www.reuters.com/article/2014/07/04/spain-tax-deposits-idUSL6N0PF2SF20140704

Note what Spain did...it first made a regulation of ZERO tax rate.
So everyone accepted that, left their money in the banks.
Then it notified people that their money in the banks was subject to a now increased tax regulation.

Experts Say Rare Summer Cold Front on the Way

Remember last winter's cold spot, which turned "polar vortex" into a phrase that sent chills through the spines of Americans east of the Mississippi River?

Get ready for a flashback. This time it's a cool wave sweeping away summer's heat. Morning temperatures could dip into the 50s for many Midwesterners next week, potentially setting seasonal records, according to The Weather Channel.

The Washington Post's Jason Samenow says the weather pattern bears a "haunting resemblance" to January's big freeze. The jet stream is dipping down farther south than usual over the eastern United States, just as it did back then. The cause? It's Typhoon Neoguri, thousands of miles to the west, according to the Weather Underground's Jeff Masters. That storm is sparking a chain reaction of weather shifts, including the Eastern cooldown as well as a strong ridge of high pressure over western North America.
That means next week is going to be a hot one in the West.
http://www.nbcnews.com/science/environment/polar-vortex-flashback-experts-say-rare-summer-cold-front-way-n153246

THIS page has the graphics.....kind of breathcatching:
http://www.washingtonpost.com/blogs/capital-weather-gang/wp/2014/07/10/poor-mans-polar-vortex-to-make-shocking-summer-return-in-eastern-u-s-next-week/

Arkansas...see why it is the worst place in the US to be a renter.

Arkansas is the only state in America with "no implied warrenty of habitability"
which means
landlords are not required to make repairs or maintain their properties

you can be prosecuted, fined and jailed for not paying rent on time

The landlord can begin eviction process if you are even 1 day late with rent.

This law was passed last century.
Betcha can guess who the target renters are.

More in the video.

Hot damn...Senate announces hearing in response to Hobby Lobby ruling -

This just in...

Senate Judiciary Committee announces July 15 hearing on legislation in response to Hobby Lobby ruling -
http://www.breakingnews.com/

I like the immediacy of the response, tho don't know what the Senate can do about the ruling.
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