[equalizer]

Appears CFA Institute does believe in ethics, just can’t get anyone in charge to suport them.

“Of Credit Rating Agencies and Charlie Sheen”

“Step two was to put CRAs on notice that if they do rate securitized products, they too will be held accountable for fraud and negligence in issuing sham ratings associated with the marketing and sale of the securities. That got their attention. Even though the ABS market was as lucrative as any in history for the CRA industry, the prospect of such firms being held liable to investors for bogus ratings was like a splash of ice water. Rather than accept liability, they refused to allow their ratings to be a part of registration statements for new ABS securities — knowing that without the required ratings, issuance of new registered securities would stop dead. Quite a card to have in your hand in a time of economic stress, when securitization offers much-needed financing capacity to the economy.

Backed into a corner, the SEC chose to keep the new ABS market viable, offering assurances that it would not enforce the requirement for a rating to be part of registration statements, as detailed in a recent article by New York Times writer Gretchen Morgenson. So for now, the issuance and related credit ratings of these securities is to be encouraged, not impaired by higher liability — just like flimsy ratings still being offered on sovereign debt, all in the name of financial stability and recovery. Could the cure be worse than the disease? In the immortal words of actor Charlie Sheen, I can hear the CRAs now: “Duh, winning!”

http://blogs.cfainstitute.org/of-credit-rating-agencies-and-charlie-sheen#more

[equalizer]

Most of CA prisons are in rural areas without the Santa Monica RE prices. Among the biggest lobby in CA is guards union.

Texas prisons have worst salaries, high turnover but don’t have riots daily. There may be a middle ground here.

This is from 2009, so expect LOWER benefits today.
“Texas prison guards start at about $26,000 a year. After eight years, the salary tops out at about $34,600. Even with the pay raises, Texas still ranks low nationally in correctional officer pay. Last year, it ranked 13th among 16 southern states, according to prison officials.”

http://www.myfoxhouston.com/dpp/news/texas/090627_texas_prison_guard

With all tax cuts from Gov Perry, there are bigger deficits so they are proposing more cuts:

Charge correctional officers when they eat more than two meals per shift in the prison chow hall.
“Texas prison system budget cuts stir up concerns”

http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110418-texas-prison-system-budget-cuts-stir-up-concerns.ece

[equalizer]

Most of CA prisons are in rural areas without the Santa Monica RE prices. Among the biggest lobby in CA is guards union.

Texas prisons have worst salaries, high turnover but don’t have riots daily. There may be a middle ground here.

This is from 2009, so expect LOWER benefits today.
“Texas prison guards start at about $26,000 a year. After eight years, the salary tops out at about $34,600. Even with the pay raises, Texas still ranks low nationally in correctional officer pay. Last year, it ranked 13th among 16 southern states, according to prison officials.”

http://www.myfoxhouston.com/dpp/news/texas/090627_texas_prison_guard

With all tax cuts from Gov Perry, there are bigger deficits so they are proposing more cuts:

Charge correctional officers when they eat more than two meals per shift in the prison chow hall.
“Texas prison system budget cuts stir up concerns”

http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110418-texas-prison-system-budget-cuts-stir-up-concerns.ece

[equalizer]

Most of CA prisons are in rural areas without the Santa Monica RE prices. Among the biggest lobby in CA is guards union.

Texas prisons have worst salaries, high turnover but don’t have riots daily. There may be a middle ground here.

This is from 2009, so expect LOWER benefits today.
“Texas prison guards start at about $26,000 a year. After eight years, the salary tops out at about $34,600. Even with the pay raises, Texas still ranks low nationally in correctional officer pay. Last year, it ranked 13th among 16 southern states, according to prison officials.”

http://www.myfoxhouston.com/dpp/news/texas/090627_texas_prison_guard

With all tax cuts from Gov Perry, there are bigger deficits so they are proposing more cuts:

Charge correctional officers when they eat more than two meals per shift in the prison chow hall.
“Texas prison system budget cuts stir up concerns”

http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110418-texas-prison-system-budget-cuts-stir-up-concerns.ece

[equalizer]

Most of CA prisons are in rural areas without the Santa Monica RE prices. Among the biggest lobby in CA is guards union.

Texas prisons have worst salaries, high turnover but don’t have riots daily. There may be a middle ground here.

This is from 2009, so expect LOWER benefits today.
“Texas prison guards start at about $26,000 a year. After eight years, the salary tops out at about $34,600. Even with the pay raises, Texas still ranks low nationally in correctional officer pay. Last year, it ranked 13th among 16 southern states, according to prison officials.”

http://www.myfoxhouston.com/dpp/news/texas/090627_texas_prison_guard

With all tax cuts from Gov Perry, there are bigger deficits so they are proposing more cuts:

Charge correctional officers when they eat more than two meals per shift in the prison chow hall.
“Texas prison system budget cuts stir up concerns”

http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110418-texas-prison-system-budget-cuts-stir-up-concerns.ece

[equalizer]

Most of CA prisons are in rural areas without the Santa Monica RE prices. Among the biggest lobby in CA is guards union.

Texas prisons have worst salaries, high turnover but don’t have riots daily. There may be a middle ground here.

This is from 2009, so expect LOWER benefits today.
“Texas prison guards start at about $26,000 a year. After eight years, the salary tops out at about $34,600. Even with the pay raises, Texas still ranks low nationally in correctional officer pay. Last year, it ranked 13th among 16 southern states, according to prison officials.”

http://www.myfoxhouston.com/dpp/news/texas/090627_texas_prison_guard

With all tax cuts from Gov Perry, there are bigger deficits so they are proposing more cuts:

Charge correctional officers when they eat more than two meals per shift in the prison chow hall.
“Texas prison system budget cuts stir up concerns”

http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110418-texas-prison-system-budget-cuts-stir-up-concerns.ece

[equalizer]

For those that into sustainability and non-GM foods, you may enjoy Alex Bogusky’s site fearlessrevolution.com. He was the creative guru at Crispin Portin + Bogusky ad agency before he sold out to the consumer. How sad for Advertising Age. Maybe he’ll got bored and come back to his senses.

Scary “Cap the Gene Spill” video.

http://fearlessrevolution.com/

[equalizer]

For those that into sustainability and non-GM foods, you may enjoy Alex Bogusky’s site fearlessrevolution.com. He was the creative guru at Crispin Portin + Bogusky ad agency before he sold out to the consumer. How sad for Advertising Age. Maybe he’ll got bored and come back to his senses.

Scary “Cap the Gene Spill” video.

http://fearlessrevolution.com/

[equalizer]

For those that into sustainability and non-GM foods, you may enjoy Alex Bogusky’s site fearlessrevolution.com. He was the creative guru at Crispin Portin + Bogusky ad agency before he sold out to the consumer. How sad for Advertising Age. Maybe he’ll got bored and come back to his senses.

Scary “Cap the Gene Spill” video.

http://fearlessrevolution.com/

[equalizer]

For those that into sustainability and non-GM foods, you may enjoy Alex Bogusky’s site fearlessrevolution.com. He was the creative guru at Crispin Portin + Bogusky ad agency before he sold out to the consumer. How sad for Advertising Age. Maybe he’ll got bored and come back to his senses.

Scary “Cap the Gene Spill” video.

http://fearlessrevolution.com/

[equalizer]

For those that into sustainability and non-GM foods, you may enjoy Alex Bogusky’s site fearlessrevolution.com. He was the creative guru at Crispin Portin + Bogusky ad agency before he sold out to the consumer. How sad for Advertising Age. Maybe he’ll got bored and come back to his senses.

Scary “Cap the Gene Spill” video.

http://fearlessrevolution.com/

[equalizer]

[quote=urbanrealtor][quote=briansd1]I think that America is still a paragon of political and economic stability as compared to the rest of the world.

The Dollar will remain the reserve currency for the foreseeable future.

Interest rates will move higher but the cost of borrowing will remain manageable because there is a glut of liquidity around the world as countries try to create corporate giants to compete against our own multinationals.

A lower Dollar will allow us to compete with the rest of of the world.[/quote]

I think that is an oversimplification of the scene in evidence.
Internal inflation (and, lets be honest, no inflation is strictly external) will benefit borrowers and punish savers.
I don’t think that is necessarily a bad thing at an academic level but if a large percentage of board executives start feeling broke, we will feel that in corporate actions (layoff, reduced outlays).

A cleaner way to create broad private deleveraging is to pass a law that restricts recourse on home loans.
Like “any loan for 1-4 units is non-recourse”.
That would keep the negative incentives that cause people try and avoid short sales but would leave banks in the position of either negotiating with due haste or foreclosing quickly.
That would tighten up distress markets and reduce informations sets significantly.[/quote]
In CA most loans not refi’d are non-recourse already. Please spell out what you mean by how a change in recourse laws would affect foreclosures, bank negotiations.

[equalizer]

[quote=urbanrealtor][quote=briansd1]I think that America is still a paragon of political and economic stability as compared to the rest of the world.

The Dollar will remain the reserve currency for the foreseeable future.

Interest rates will move higher but the cost of borrowing will remain manageable because there is a glut of liquidity around the world as countries try to create corporate giants to compete against our own multinationals.

A lower Dollar will allow us to compete with the rest of of the world.[/quote]

I think that is an oversimplification of the scene in evidence.
Internal inflation (and, lets be honest, no inflation is strictly external) will benefit borrowers and punish savers.
I don’t think that is necessarily a bad thing at an academic level but if a large percentage of board executives start feeling broke, we will feel that in corporate actions (layoff, reduced outlays).

A cleaner way to create broad private deleveraging is to pass a law that restricts recourse on home loans.
Like “any loan for 1-4 units is non-recourse”.
That would keep the negative incentives that cause people try and avoid short sales but would leave banks in the position of either negotiating with due haste or foreclosing quickly.
That would tighten up distress markets and reduce informations sets significantly.[/quote]
In CA most loans not refi’d are non-recourse already. Please spell out what you mean by how a change in recourse laws would affect foreclosures, bank negotiations.

[equalizer]

[quote=urbanrealtor][quote=briansd1]I think that America is still a paragon of political and economic stability as compared to the rest of the world.

The Dollar will remain the reserve currency for the foreseeable future.

Interest rates will move higher but the cost of borrowing will remain manageable because there is a glut of liquidity around the world as countries try to create corporate giants to compete against our own multinationals.

A lower Dollar will allow us to compete with the rest of of the world.[/quote]

I think that is an oversimplification of the scene in evidence.
Internal inflation (and, lets be honest, no inflation is strictly external) will benefit borrowers and punish savers.
I don’t think that is necessarily a bad thing at an academic level but if a large percentage of board executives start feeling broke, we will feel that in corporate actions (layoff, reduced outlays).

A cleaner way to create broad private deleveraging is to pass a law that restricts recourse on home loans.
Like “any loan for 1-4 units is non-recourse”.
That would keep the negative incentives that cause people try and avoid short sales but would leave banks in the position of either negotiating with due haste or foreclosing quickly.
That would tighten up distress markets and reduce informations sets significantly.[/quote]
In CA most loans not refi’d are non-recourse already. Please spell out what you mean by how a change in recourse laws would affect foreclosures, bank negotiations.

[equalizer]

[quote=urbanrealtor][quote=briansd1]I think that America is still a paragon of political and economic stability as compared to the rest of the world.

The Dollar will remain the reserve currency for the foreseeable future.

Interest rates will move higher but the cost of borrowing will remain manageable because there is a glut of liquidity around the world as countries try to create corporate giants to compete against our own multinationals.

A lower Dollar will allow us to compete with the rest of of the world.[/quote]

I think that is an oversimplification of the scene in evidence.
Internal inflation (and, lets be honest, no inflation is strictly external) will benefit borrowers and punish savers.
I don’t think that is necessarily a bad thing at an academic level but if a large percentage of board executives start feeling broke, we will feel that in corporate actions (layoff, reduced outlays).

A cleaner way to create broad private deleveraging is to pass a law that restricts recourse on home loans.
Like “any loan for 1-4 units is non-recourse”.
That would keep the negative incentives that cause people try and avoid short sales but would leave banks in the position of either negotiating with due haste or foreclosing quickly.
That would tighten up distress markets and reduce informations sets significantly.[/quote]
In CA most loans not refi’d are non-recourse already. Please spell out what you mean by how a change in recourse laws would affect foreclosures, bank negotiations.

[Author]

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