Antagoniste


21 mai 2009

L’amuseur public Coup de gueule Économie Gauchistan Québec Récession

Amir KhadirPour ses clowneries démagos populistes lors d'une commission parlementaire, Amir Khadir a été promu au rang d'analyste économique crédible par les médias québécois.

Ainsi, lors de son passage au 98.5, le bon docteur a fourni l'explication la plus farfelue que j'ai pu entendre sur les causes de la crise économique.

Selon Amir Khadir, les banques américaines ont volontairement créé une bulle immobilière en accordant des hypothèques aux plus démunis.  Ensuite, elles ont sciemment fait éclater cette bulle dans le but de pouvoir reprendre les maisons à rabais.  Cette stratégie machiavélique avait pour objectif, vous l'aurez deviné, de faire des profits sur le dos "du pauvre monde"…  J'imagine que c'est pour cette raison que l'éclatement de la bulle immobilière a mis les banques en faillite.

Amir Khadir connait-il Fannie Mae and Freddie Mac ?  Sait-il que ces 2 géants bancaires sont dirigés par les politiciens ?

Voici un article publié dans le New York Times le 30 septembre 1999.

New York Times
Fannie Mae Eases Credit To Aid Mortgage Lending

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.

"Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements," said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. "Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market."

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

"From the perspective of many people, including me, this is another thrift industry growing up around us," said Peter Wallison a resident fellow at the American Enterprise Institute. "If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry." […]

Fannie Mae, the nation’s biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.


21 mai 2009

En lutte Canada Économie En Chiffres Gauchistan Québec

Quelques chiffres sur les relations de travail au Québec et au Canada:

Syndicat

À partir de 2006, on peut dire que Jean Charest a décidé de jouer "profil bas"…

Si l'on compare le Québec aux autres provinces depuis l'accalmie de 2006:

MISE-À-JOUR

Comme le concept de "jours-personne" était un peu trop ésotérique, j'ai changé la présentation des données:

Syndicat

Même si les relations syndicales au Québec ont atteint des sommets historiques d'harmonie depuis 2006, le Québec reste une des provinces où l'on grève/lockout le plus au Canada.  La "paix" syndicale de 2006 est bien relative…

La période 2006-2008 est celle qui avantage le plus le Québec. Si on utilise les donnés 2000-2008 (plus représentative), le Québec se retrouve au 3e rang:

Syndicat

Source:
Statistique Canada
Tableau 278-0009


21 mai 2009

Un autre changement Économie États-Unis Hétu Watch Revue de presse

The Daily Telegraph

Barack Obama ‘breaks four aid pledges for Africa’
The Daily Telegraph

US President Barack Obama has broken four campaign promises on overseas aid and risks reversing the successes of the Bush administration, HIV-Aids activists have claimed.

Key pledges to boost money for Aids funds, education programmes and poverty-reduction schemes have all been missed, the Global Aids Alliance (GAA) said. The Washington-based organisation said that figures from Mr Obama’s budget request to the US Congress set the administration on a path to breaking its campaign promises to the people of Africa.

Mr Obama had also promised to contribute about £1.8 billion on the Global Fund to fight Aids, tuberculosis and malaria, but his budget request fell short by £1.2 billion, the GAA said.

It calculated that this meant that one million people will not receive treatment for HIV, and 2.9 million women will miss out on services to help prevent passing the virus to their unborn children. « By turning his back on those needs, the President is betraying the trust of tens of millions of people around the world. » said Paul Zeitz, director of the GAA, speaking in the Kenyan capital.

The two other broken promises related to stalling promised payments to fund education, and failing to increase foreign aid as a whole by a rate which will allow the president to meet his commitment to double such assistance by 2012.