Archive for September, 2014

Which barrier to critical thinking do you think gives rise to the most serious errors?

Which barrier to critical thinking do you think gives rise to the most serious errors (making bad personal or professional decisions, poor choices politically, etc.) – egocentrism, sociocentrism, or relativism? Give examples from your own experiences and observations to support your answer.


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Posted by mark - September 29, 2014 at 10:48 pm

Categories: Critical Thinking   Tags:

Are there any good conservative news websites?

I like reading a diverse selection of news, because it is the best way to get to the truth of the issues. Unfortunately, I cannot find a reasonable right leaning news website. Most so-called conservative or right wing news that I have come across are typically tailored for idiots and fundamentalist Christians, such as FOXNews.

Are there any moderately right leaning news websites or blogs that logically discuss current events? If so, please put a link to the website or post it here.

You are confusing news and commentary. A news site is suppose to have articles that state the facts, no personally commentary, so when you say that you are looking for a conservative news site, that is not realistic, just like saying a liberal news site.

Try BBC News:

For news and conservative commentary: and

For news and liberal commentary:

17 comments - What do you think?
Posted by mark - September 28, 2014 at 10:23 pm

Categories: Conservative Blogs   Tags:

Tampa Tea Party April 15th 2009 part 2 Tampa Tea Party footage. by JR Griggs

Duration : 7 min 37 sec

Read more…

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Posted by mark - September 25, 2014 at 9:27 pm

Categories: Conservative Party   Tags:

Why Cmos May be Considered for Private Trading Programs

Collateralized Mortgage Obligations (CMOs) sometimes referred to as Real Estate Mortgage Investment Conduits (REMICs), are one of few innovative investment methods available in today’s investment world. CMOs offer relative safety, regular payments and notable yield advantages over other better known fixed-income securities of comparable credit quality.

A wide variety of CMO securities with different cash flow and expected maturity characteristics have been designed to meet specific investment objectives. While CMOs offer advantages to investors, they also carry certain risks which will be further explained in this document. To determine if CMOs fit within your investment portfolio, you should first understand the distinctive features of these securities.

CMOs were first introduced in 1983. The Tax Reform Act of 1986 allowed CMOs to be issues in the form of REMICs, creating certain tax and accounting advantages for issuers and for certain large institutional and foreign investors. Today, almost all CMOs are issued in REMIC form. Remember that throughout this CMO explanation, REMICs and CMOs are interchangeable.

THE BUILDING BLOCKS OF CMOS Mortgage Loans and Mortgage Pass-Throughs. When a CMO is created, it begins with a mortgage loan extended by a financial institution (such as a savings and loan, commercial bank or mortgage company) to finance a borrower’s home or other real estate. The homeowner usually pays the mortgage loan in monthly installments composed of both interest and “principal”. Over the duration of the mortgage loan, the interest component of payments in the early years gradually declines as the principal component increases.

To obtain funds to generate more loans, lenders either “pool” groups of loans with similar characteristics to create securities or sell the loans to issuers of mortgage securities. The securities most commonly created from pools of mortgage loans are “mortgage pass-through securities” (MBS) or “participation certificates” (PCs). MBS represent a direct ownership interest in a pool of mortgage loans. As the homeowners whose loans are in the pool make their mortgage loan payments, the money is distributed on a pro rata basis to the holders of the securities.

Several factors can affect the homeowners’ payments. Typically, the homeowner will “prepay” the mortgage loan by selling the property, refinancing the mortgage or otherwise paying off the loan in part or whole. Most mortgage pass-through securities are based on fixed-rate mortgage loans with an original maturity of 30 years, but experience shows that most of these mortgage loans will be paid off much earlier.

While the creation of MBS greatly increased the secondary market for mortgage loans by pooling them and selling interests in the pool, the structure of such securities has inherent limitations. MBSs only appeal to investors with a certain investment horizon – on average, 10-12 years.

CMOs were developed to offer investors a wider range of investment time frames and greater cash-flow certainty than had previously been available with MBS. The CMO issuer assembles a package of these MBS and uses them as collateral for a multiclass security offering. The different classes of securities in a CMO offering are known as tranches, from the French word for slice. The CMO structure enables the issuer to direct the principal and interest cash flow generated by the collateral to the different tranches in a prescribed manner, as defined in the offering’s prospectus, to meet different investment objectives.

THE HIGH CREDIT QUALITY OF CMOS The Government National Mortgage Association (GNMA, or Ginnie Mae) an agency of the U.S. government, along with U.S. government-sponsored enterprises (GSE) such as the Federal National Mortgage Association (FNMA, or Fannie Mae) or the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac), guarantee most MBSs. Ginnie Mae is a government-owned corporation within the Department of Housing and Urban Development. Fannie Mae and Freddie Mac have federal charters and are subject to some oversight by the federal government, but are publicly owned by stockholders.

Fannie Mae and Freddie Mac issue and guarantee pass-through securities. Ginnie Mae only adds its guarantee to privately issued pass-throughs backed by government issued (FHA and VA) mortgages. Fannie Mae and Freddie Mac have issues CMOs for quite some time; the Department of Veterans Affairs (VA) began to issue CMOs in 1992, and Ginnie Mae initiates its own CMO program which began in 1994. Securities guaranteed or guaranteed and issues by these entities are known generically as “agency” mortgage securities. The agency guarantees enhance their credit quality for investors. In addition, the mortgages backing Fannie Mae and Freddie Mac mortgage securities must meet strict quality criteria. Those backing GNMA pass-throughs are underwritten in accordance with the rules and regulations of the FHA and the VA, which insure them against default.

The extent of the agency guarantee depends on the entity making it. Ginnie Mae, for example, guarantees the timely payment of principal and interest on all of its mortgage securities, and its guarantee is backed by the “full faith and credit” of the U.S. government. Holders of Ginnie Mae mortgage securities are therefore assured of receiving payments promptly each month, regardless of whether the underlying homeowners make their payments. They are guaranteed to receive the full return of face-value principal even if the underlying borrowers default on their loans. Mortgage securities issued by the VA carry the same full faith and credit U.S. government guarantees.

Fannie Mae guarantees timely payment of both principal and interest on its mortgage securities whether or not the payments have been collected from the borrowers. Freddie Mac also guarantees timely payment of both principal and interest on its Gold PCs and CMOs. Some older series of Freddie Mac PCs guarantee timely payment of interest, but only the eventual payment of principal. Although neither Fannie Mae or Freddie Mac securities carry the additional full faith and credit U.S. government guarantee, the credit markets consider the credit on these securities to be equivalent to that of securities rated triple-A or better. Some private institutions, such as subsidiaries of investment bank, financial institutions and home-builders, also issue mortgage securities. When issuing CMOs, they often use agency mortgage pass-through securities as collateral; however, their collateral may include different or specialized types of mortgage loans and/or pools, letters of credit and other types of credit enhancements. These private-labeled CMOs are the sole obligation of their issuer. To the extent that private-label CMOs use agency mortgage pass-through securities as collateral, their agency collateral carries the respective agency’s guarantees. Private-label CMOs are assigned credit ratings by independent credit agencies based on their structure, issuer, collateral and any guarantees or outside factors. Many carry the highest AAA credit rating.

As an additional investor protection, the CMO issuer typically segregates the CMO collateral or deposits it in the care of the trustee, who holds it for the exclusive benefit of the CMO bondholders.

For the above reasons described, CMOs are considered by a select few platforms to be an asset that is easy to validate and prove ownership. In addition, the trading platform is able to be added as the CMOs Beneficiary allowing for the appropriate financing lines to be obtained. The result is a CMO asset that can be purchased for pennies on the dollar with nominal returns and subsequently placed and traded successfully in a Private Trading Program with yields the owner once only dreamed of.

Marcel Ford

44 comments - What do you think?
Posted by mark - September 24, 2014 at 9:21 pm

Categories: Government Reform   Tags: , , , , , , ,

where can i find Really conservative blogs ( im a democrat i just need 2 know 4 a debate at school ? )?

Political blog.

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Posted by mark - September 22, 2014 at 9:01 pm

Categories: Conservative Blogs   Tags:

Smartbars Vs Bullbars; a Critical Comparison

I own a jeep. I’ve always owned jeeps. From the old 70s CJ models to the newer, way more comfy (or so my wife tells me) cherokees. I don’t know why I do, but I’ve always loved them. Recently on an outback excursion I hit a kangaroo. I was only doing about 10km/h so the damage was minimal, but this incident got me thinking about frontal protection. So I called my mates at All Vehicle Accessories in Melbourne to have a chat about bullbars. During this chat they brought up the topic of smartbars. Before the conversation, I didn’t even know they existed. So I got onto Google to do some research on the products and found a lot of opinion (most of it based on aesthetics and perception rather than utility and fact) but pretty much no factual information. So me and my mates at All Vehicle Accessories dug a little deeper, and this is what we found.

Topic 1. Safety
With frontal protection products, there are 3 general areas of concern regarding safety. These are the ability to protect passengers, the ability to protect pedestrians and the ability to protect your car. Talking about protection generally, I find it starnge how many bullbar exponents out there point out that when you are travelling at 150kms/h, no matter what you hit, its going to be fatal to the object and probably the vehicle. Personally I think such arguments are ridiculous as they suggest all collissions are at excessive speeds and dismiss the relative safety performance of the products at lower speeds. But just to make it clear to everyone, when we are comparing these products along safety lines, we are comparing performance at the fatal margin. This means we are comparing safety performance at the point where an impact will kill a pedestrian, or buckle your chassis to the extent that your vehicle is written off.

The difference between the performance of bullbars and smartbars comes about because bullbars are rigid (Ie they have no give in them) while smartbars are not. (Ie. they are made from polyethylene with a hollow internal structure so they have some give) Despite all the opinion to the contrary, at speeds leading up to fatal impact, smartbars work better than bullbars in protecting you, the car and the person you hit. The manner in which they absorb impact minimises the force of the collision and thereby reduces injury and damage. The cushioning effect of this absorbtion actually acts to decelerate the colliding forces at the point of impact. This has been proven by independent child head-form impact tests. You just have to do a little research to find the studies.

To paint a picture though of how this works, imagine the pain caused if you fell and bumped your head on a metal telephone pole. It would hurt right? Now imagine in the same fall, it was one of those big plastic wheelie bins that you hit and your head impacted in the middle of the bin where it had most give. It would not nearly be so painful. Thats how the smart bars work. The impact that smartbars absorb, is impact that is not transferred to your vehicle, you or your passengers, or the pedestrian you just hit.

Topic 2. Performance
There is no argument that smartbars are significantly lighter than bullbars. This means better performance for your vehicle. To embellish, if you install a smartbar instead of a bullbar, your vehicle will have less tyre wear, less suspension wear and safer handling, just because it is lighter. They also provide better value for money than the alternatives and are more environmentally friendly. Manufacturing smartbars produces less than 1% of the green house gasses which the manufacture of metal bullbars produce. So performance wise, smartbars are more efficient with your car, your wallet and the environment.

Topic 3. Maintenance
Metal rusts. Metal looses its lustre. Metal reflects. A rusting bullbar requires significant work to clean up. A dull bullbar requires significant polishing to make it shine again. And a reflecting bullbar will effect your vision everytime another set of headlights hit it. This is one of the defining features of the smartbar. Maintenance requires a bucket of soapy water, a sponge and a quick wipe down. Thats it. The plastic parts do not rust, they do not require buffing or polishing and they will never reflect light from another source.

This is a simple presentation of the facts which I’ve found in my research, when looking at viable frontal protection products for my jeep. As always, do your own research and make the best decisions you can. I’m sure if you do do some research and make your decision on the facts rather than someone elses “tuff man” image, the decision won’t be that hard at all.

Damian Papworth

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Posted by mark - September 21, 2014 at 7:58 pm

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