Tag Archives: Standard Poor

Subprime Auto Loans Were Up 18% In 2012

Subprime Auto Loans Were Up 18% In 2012

Yesterday we got news that the Obama administration is pushing banks to make subprime home loans again. Today comes word that in 2012, subprime auto loans were up 18%: The Fed’s program, while aimed at bolstering the U.S. housing and labor markets, has also steered billions of dollars into riskier, more speculative corners of the

Williston's Lame Response To Credit Rating Downgrade

For some time now we here at SAB have been pointing out the City of Williston’s poor spending priorities (latest post here). In the midst of an oil boom, with the local economy and population growing faster than the city could keep up with, city leaders backed and got approved a 1% sales tax increase…for

Feds File Suit Against Agency That Downgraded US Credit Rating

Last year Standard & Poor made headlines by downgrading the US credit limit. The Obama administration wasn’t happy, and now the federal government is suing claiming that the company didn’t property rate mortgage bonds during the subprime housing loan bubble: WASHINGTON (TheBlaze/AP) — The U.S. government is accusing the debt rating agency Standard & Poor’s

Obama Crony Warren Buffett Raking It In From Transporting Bakken Oil By Rail

If built, the Keystone XL pipeline would take about 100,000 barrels of North Dakota’s Bakken oil per day (to put that into perspective, that’s the equivalent of taking about 500 tanker trucks off the roads a day). But the Keystone XL pipeline isn’t being built as President Obama continues to obstruct the process with regulation.