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Weakening of "Honest Services" Could Affect SD Cases
I knew this one was coming when they took Skillings case. I do think the law was too broad and agree with the decision, as much as I hate to see the outcome. The question is how far the SCOTUS's ruling will be-narrowly is how the Court usually likes to rule. Dusty Foggo will immediately move to have his case plea tossed out, and if the USA does not have any other goods on him he will walk free. Cunningham has already served a good deal of his sentence, and I would think he might work out a plea deal- where he takes a deal to get out now and waive all future appeal rights. Anyway, that is my take on the issues.— June 24, 2010 5:07 p.m.
May New Home Sales Plunge; West Worst. Wall Street Stunned
Greenspan also didn't see a problem with unregulated derivatives, and he was famously taken by surprise that banks couldn't regulate themselves could it be he was too honest ( moral person) to even think some persons would think of pulling this crap? ================= Mr. Bubble was a failure. The housing boom was a product of two factors-and if either of the two factors had been shut down there would not have been a housing meltdown; 1) the lowering of mortgage/trust deed underwriting standards 2) Mr Bubble keeping interest rates at an artificially low rate for far longer than he should have, when the real estate bubble was clearly being driven by the the low interest rates.... Take away either of those two factors and there would have been no RE bubble.— June 24, 2010 11:32 a.m.
May New Home Sales Plunge; West Worst. Wall Street Stunned
diegonomics, China's economy has major problems, and the only reason it has been doing so well in the past is b/c they manipulate their currency and we don't do anything about it. India does not have the industry and environment safeguards in place we do, and India has a poverty rate 1,000 times that of the US or any other developed country-they do not have a booming economy given those factors. The US is by far the biggest consumer of goods in the world- WE DRIVE the world economy, so if we falter, like right now, then so does everyone else by default. As for the private sector-we are dead ducks. The Obama administration has done nothing to help it, and in fact all the so called "stimulas" money that has been tossed out- 95% went to the states to shore up their over comped public sector jobs.— June 24, 2010 11:28 a.m.
May New Home Sales Plunge; West Worst. Wall Street Stunned
With the global economy clearly recovering, I'm not worried about real estate. By diegonomics =================== Global economy clearly recovering? I have not seen any evidence of that, but in fact the opposite. The global economy is going into cardiac arrest, everyone is going down the tubes, with the PIIGS countries leading the way. America still has huge UE numbers, and still no private sector job creation-with the gov going on a hiring binge that is not helping the economy at all. The key to a thriving economy is private sector job creation. That means manufacturing or making products. It is that simple, nothing more. If we do not create that PRIVATE SECTOR job growth we will not recover. And b/c of short sighted past policy that private sector job creation base is now decimated.— June 24, 2010 8:34 a.m.
Gen. McChrystal, Rolling Stone, and a Supreme Court Interpretation of the Patriot Act
If General McChrystal were an honorable man he would demand a court martial and refuse to resign. ============= No kidding, what an idiot. How would the General react if a PFC, 6 month enlisted grunt said those types of comments about the General????? Court martial!— June 24, 2010 12:04 a.m.
May New Home Sales Plunge; West Worst. Wall Street Stunned
I really don't care for either party. ========== They are both the same, one is tax and spend, the other borrow and spend. One is a bag man for Big Business, the other a bag man for public unions. No difference. That's why I am an Independant.— June 23, 2010 11:59 p.m.
May New Home Sales Plunge; West Worst. Wall Street Stunned
Oh, Surfpuppy! Don't even start on who's at fault for this economic mess. According to my husband, who knows all of this political stuff, Bush didn't create the economic mess, the Clinton administration did ================ LOL...actually the country under Clinton had one of the biggest expansions in US history. But, whoever started the mess, well, it is here right now, has been here since 2008, and we need to fix it. And spending deficits of $1.4 trillion, with every special interest group who donates money getting bailed out is not fair and it is going to destroy the country.— June 23, 2010 11:26 p.m.
May New Home Sales Plunge; West Worst. Wall Street Stunned
Remember, Obama did not create this economic mess. Bush did. And whom would you vote for to replace Obama? Palin? Some other tea bagger? =========== No Obama did not create the mess, but he now has it and he is the one that needs to fix it-without $1.4 trillion deficits or more "bailouts" of special interest groups at the expense of the poor and middle class. I voted for Obama, but if he cannot turn the country around in 4 years-well, then it is time to let someone else try.— June 23, 2010 4:40 p.m.
Be prepared for second recession in Calif.
Why the economic megrims? We lived beyond our means for decades. ============== That is a big part of the problem, but exporting our manufacturing job base to China, India, Korea and other countries have taken the good paying middle class jobs out of the country, givng the USA a one-two punch. A country that does not produce goods will never be an economic powerhouse.— June 23, 2010 1:49 p.m.
When Governments Cut Spending, It's Citizens, not Bureaurats, Who Suffer
tough isn't it...to let the chips fall where they may .... Don...thx By nan ============ Nice shooting nan, you understand this is baloney. The country is not going to fade away b/c a few companies go BK. But forcing us/taxpayers/poor to bail out these yahoos to the tune of trillions is absurd.— June 23, 2010 1:44 p.m.