Slowly heading back to normal, whatever normal is now.

From HousingWire:

Mortgage lending boom? Equifax reports massive increase in home credit

Contrary to some fears that the Consumer Financial Protection Bureau’s new disclosure rules would severely dampen mortgage lending in 2015, a new report from Equifax shows that exactly the opposite took place, as mortgage lending grew by a drastic margin in 2015.

According to the Equifax National Consumer Credit Trends Report for March 2016, the total balance of new first mortgages originated in 2015 was $1.82 trillion, which represents a 42.9% increase over 2014’s total of $1.27 trillion.

In other words, 2015 saw more than $546 billion in new first mortgages originated in 2015 than in 2014.

In terms of the total number of new first mortgages originated, 2015 also saw a sharp increase from 2014, albeit not quite as much as the total dollar amount.

According to Equifax’s report, there were 7.71 million new first mortgages originated in 2015, an increase of 31.6% over 2014’s total of 5.86 million first mortgages originated.

Additionally, based on Equifax’s totals, the average dollar amount of new first mortgages also rose in 2015, from $217,390 in 2014 to $236,057 in 2015, which is an increase of 8.59%.

And it wasn’t just overall new first mortgage lending that was up in 2015.

According to Equifax’s report, subprime lending also saw a large increase in 2015.

Equifax’s report categorizes subprime borrowers as those with an Equifax Risk Score of 620 or below, and the report shows that lending to those borrowers rose significantly in 2015.

According to Equifax’s report, the total balance of new first mortgages originated to subprime borrowers was $59.7 billion in 2015, an increase of 41.3% over 2014.

Equifax’s report also showed that there were more than 366,900 loans originated to subprime borrowers, which represents an increase 25.2%.

“We saw a nice jump in mortgage lending in 2015 that was driven by both rising home-purchase activity and solid refinancing volumes,” said Amy Crews Cutts, senior vice president and chief economist at Equifax.

“While low interest rates are helping, continued gains in employment and consumer confidence are key,” Cutts continued. “What we are not seeing is any meaningful loosening of underwriting, at least with respect to credit scores.”

According to Cutts, the median credit score on new first mortgages in the fourth quarter of 2015 was 750 and 90% of first mortgage borrowers had a score in excess of 646, values that are “essentially unchanged” for the last three years.

This entry was posted in Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

114 Responses to Slowly heading back to normal, whatever normal is now.

  1. Essex says:

    hares in European pharmaceutical companies are jumping on Wednesday morning after media reports that American firm Pfizer is abandoning its merger with Allergan — a deal that would have been worth $160 billion, and been the largest pharmaceutical merger in history.

  2. Mike says:

    Good Morning New Jersey

  3. Essex says:

    Shares….not ‘hares’

  4. Raymond Reddington says:

    Essex, either works fine

  5. Raymond Reddington says:

    Were those the hares they do the drug testing on?

  6. 1987 Condo says:

    Woops…

    Tepper’s Move May Affect New Jersey Budget, Forecaster Warns

    The decision by billionaire hedge-fund manager David Tepper to quit New Jersey for tax-friendly Florida could complicate estimates of how much tax money the struggling state will collect, the head of the Legislature’s nonpartisan research branch warned lawmakers.

    Tepper, 58, registered to vote in Florida in October, listing a Miami Beach condominium as his permanent address, and in December filed a court document declaring that he is now a resident of the state. On Jan. 1, he relocated his Appaloosa Management from New Jersey to Florida, which is free of personal-income and estate taxes.

    His move has state revenue officials on alert.

    “We may be facing an unusual degree of income-tax forecast risk,” Frank Haines, budget and finance officer with the Office of Legislative Services told a Senate committee Tuesday in Trenton.

    New Jersey relies on personal income taxes for about 40 percent of its revenue, and less than 1 percent of taxpayers contribute about a third of those collections, according to the legislative services office. A one percent forecasting error in the income-tax estimate can mean a $140 million gap, Haines said.

    Tepper lived in New Jersey for more than two decades, initially as an executive at Goldman Sachs Group Inc., where he helped run junk-bond trading during the late 1980s and early 1990s. He founded Appaloosa in 1993 and now has an estimated fortune of $10.6 billion, according to the Bloomberg Billionaires Index. That ranked him as the wealthiest person in New Jersey.

    New Jersey residents bear the country’s third-highest tax burden, according to the Tax Foundation in Washington. Along with the nation’s highest property taxes, it’s one of two states that levy both an estate tax on the deceased and an inheritance tax on their heirs. The income-tax rate for top earners is 8.97 percent. Democratic legislators have repeatedly passed a millionaire’s tax that would increase the levy to 10.75 percent, but Republican Governor Chris Christie has vetoed it each time.

    http://www.bloomberg.com/news/articles/2016-04-05/tepper-s-move-may-affect-new-jersey-budget-forecaster-warns

  7. nwnj3 says:

    Clearly Pfizer didn’t have the right lobbyists. Warren the weasel’s inversions went through no problems.

  8. grim says:

    6 – I thought it wasn’t a problem, because the wealthy didn’t actually pay taxes – that we should wish Tepper a good riddance. Guess not.

  9. The Great Pumpkin says:

    Wtf kind of economy are we running where less than 1 percent of taxpayers contribute about a third of those collections. Talk about a rigged monopolistic economy. Spread that capital out. Then you don’t have individual taxpayers becoming “too big to leave” (too big to fail) and hurting the state. Why let individuals become this powerful? It’s no different than letting the banks become too big to fail.

    “New Jersey relies on personal income taxes for about 40 percent of its revenue, and less than 1 percent of taxpayers contribute about a third of those collections, according to the legislative services office. A one percent forecasting error in the income-tax estimate can mean a $140 million gap, Haines said.”

  10. grim says:

    New Jersey relies on personal income taxes for about 40 percent of its revenue, and less than 1 percent of taxpayers contribute about a third of those collections, according to the legislative services office.

    So 1% of taxpayers account for 13% of NJ revenue (only as it applies to income taxes).

    Could Tepper leaving actually move the needle by more than 1% NJ’s total revenue. 1 guy paid for 1/100th of NJ’s total spending?

    Jesus – thats bad, even worse if as the richest guy in NJ, he was paying more than 1% of the overall total.

  11. grim says:

    I’m guessing Tepper is also relocating Appaloosa from Short Hills to Florida – which means the rest of his crew would leave as well.

  12. 1987 Condo says:

    #11..right, what I understand all his employees plan to move as does the Corporation.

  13. GOP's broken (the good one) says:

    his secretary pays a higher rate than warren Buffett and you still want a lower tax for them?

    80-90% federal tax above your first BILLION

  14. grim says:

    Cruz will lose to Hillary, he stands zero chance of beating her.

  15. GOP's broken (the good one) says:

    and now that the GOP’s broken, who’s gonna look after the interests of the Billionaire class?

  16. grim says:

    15 – Hillary, she’s made it clear that she can be bought like the rest of them, even more so. She seems to be doing a pretty good job of it.

  17. Juice Box says:

    Tepper took up residence at his Hamptons place after he separated from his wife a few years ago. He should file for a refund in what he paid to NJ.

  18. GOP's broken (the good one) says:

    that’s the only way for Tepper to keep paying no taxes

    it all works well at the end

    grim says:
    April 6, 2016 at 8:24 am
    15 – Hillary, she’s made it clear that she can be bought like the rest of them, even more so.

  19. walking bye says:

    Wasn’t there an article out there about the same situation in Conn? The state treasury keeps a list of top 10(? ) highest paying citizens.

  20. GOP's broken (the good one) says:

    but Rafael Cruz has greater chances than the Donald

    grim says:
    April 6, 2016 at 8:21 am
    Cruz will lose to Hillary, he stands zero chance of beating her.

  21. grim says:

    Trump would beat Hillary – don’t be silly.

    I’m not supporting or condoning either one.

  22. grim says:

    18 – Tepper paid no taxes to the state of NJ?

    Cite your source.

    I would go out on a limb and say Tepper, his employees and company, paid more in taxes to the State of NJ than many CITIES in NJ.

  23. walking bye says:

    #12 Condo, Why would they want to leave? We have the jersey shore, and infrastructure. These things are surely lacking in Florida. Could an extra 6% in salary be enough of a carrot to cause the employees to pull out of NJ?

  24. grim says:

    Apaloosa is only about 30 people.

  25. nwnj3 says:

    #16

    He put that one on a tee for you.

  26. joyce says:

    How many people earn a BILLION a year?

    GOP’s broken (the good one) says:
    April 6, 2016 at 8:20 am
    his secretary pays a higher rate than warren Buffett and you still want a lower tax for them?

    80-90% federal tax above your first BILLION

  27. walking bye says:

    grim 30 well paid individuals I’m sure. With tele commuting I have seen friends move to Fl keep their Northeast salaries and fly in every 3-4 weeks.

  28. grim says:

    Best thing about Hillary is that Bill will be back in the White House.

  29. 1987 Condo says:

    #24… I bet those 30 people make a ton of money….

  30. GOP's broken (the good one) says:

    nope. Tepper’s money is safe under Rafael or Hil. less so with the Donald

    grim says:
    April 6, 2016 at 8:32 am

    Trump would beat Hillary – don’t be silly.

    I’m not supporting or condoning either one.

  31. nwnj3 says:

    And here comes anon with his inability to form a coherent thought. Core block voter for Hillary.

  32. Juice Box says:

    Cankles must be worried.

  33. Juice Box says:

    No primary for two weeks as well. Anyone living in New York and registered as a Democrat or Republican can expect an onslaught of phone calls from all sides for this closed Primary.

    Polls show Trump and Clinton have a comfortable lead.

  34. grim says:

    From Bloomberg:

    This N.J. Transit Expansion Costs $474,000 Per Commuter

    Seven months after New Jersey Transit raised fares and cut routes to close a budget gap, the railroad is laying track to link dairy-country commuters with Manhattan, at a cost of about $474,000 per rider.

    The seven-mile (11.3-kilometer) line between Port Morris and Andover in northwest New Jersey will add but a ridership blip to the nation’s second-busiest commuter railroad. By 2030, just 130 daily passengers are expected to board. One multilevel rail car could haul the whole crowd, with a dozen seats to spare.

    Meanwhile, closer to Manhattan, commuters in the nation’s most densely populated suburbs endure crowding and train breakdowns at a rate four times higher than the U.S. average. The transit agency says the Sussex County line is a first step to expand rail service to Pennsylvania’s Pocono Mountains, a haven for ex-New Jerseyans seeking lower living costs. That $500 million proposal has been on the drawing board for decades without federal funding.

    “I moved here in 1983 and the first thing we heard was the train is coming,” said John Moyer, 69, chairman of the governing body for Monroe County, Pennsylvania, where a high percentage of residents have one of the nation’s longest mega-commutes to New York City. “I’m not sure that I’m going to live long enough for it to get here.”

    New Jersey Transit is spending $61.6 million of federal and state money to rebuild the first leg of the 28.5-mile Lackawanna Cut-Off, a freight route abandoned in the 1980s. It’s not clear whether the line ever will reach the Pennsylvania border; the $8 billion Transportation Trust Fund will run dry in June, and Republican Governor Chris Christie and Democratic legislative leaders have yet to agree on a multi-year replenishment.

    “As the project stands currently, passenger rail service will go to Andover,” Jennifer Nelson, a New Jersey Transit spokeswoman, said by e-mail. “Where the project goes beyond Andover will be the subject of future discussions with the authorities in Pennsylvania.”

  35. Fast Eddie says:

    Cankles must be worried.

    Why? This woman could commit a felony on tape and would still be still anointed as the president. Every time she tries to show enthusiasm and raises her voice, I cringe. What a f.ucking lying, post-menopausal, hag. This is the best our country has to offer?

  36. grim says:

    I like the choice of anointment over appointment.

  37. grim says:

    Like I said – we can at least hope that Bill is involved behind the scenes and not doing egg rolls on the lawn and hosting tea parties.

  38. grim says:

    Given the traffic – 130 as the estimate seems like a massive understatement.

    In addition, with some of the economic negatives in the northwest part of the state, this would potentially be a pretty solid move towards trying to stem that decline.

  39. grim says:

    $6.5m Hoboken townhouse – the priciest listing ever in the city – sold in 9 days.

    DAMN.

  40. HouseWhineWine says:

    RE- 35, So is Trump a lying, old guy, hag? If it’s ok to call a woman that, I say call the guy that too.

  41. Funnelcloud says:

    Watching The Street and Cramer last night Listening to corp executives whine about the unfairness of the government changing the rules in the 9th inning or moving the goal post when the company followed the rules to do the inversion. These are probably the same elitist that did not want to hear a word from the employee’s when they (changed the rules and moved the goal post) & took away pensions or cut retirement med benefits that were promised to these workers years ago. I say executive attitude has to change before they get a tax break.

  42. grim says:

    We need to tax the consumption of pharmaceuticals.

  43. Essex says:

    40. Trump may actually genuinely believe what he says.

    At least at the time he says them.

  44. Juice Box says:

    Cankles lost 8 of the last 9 primary contests. Two weeks to go to NY, you can bet she is worried the Millenials and Hipsters will make a push to take NY from her.

  45. Fast Eddie says:

    $6.5m Hoboken townhouse – the priciest listing ever in the city – sold in 9 days.

    That’s hilarious. Hoboken is the most overrated place in the world. It represents nothing that it used to be and even then, trendy was not it’s namesake. Can you imagine someone spending that kind of money on this side of the river and having to settle for Panera Bread Company? LMAO! I feel sorry for the m0ron(s) who signed the paper. 6.5 mil for a joint in an overrated college town. What humiliation!

  46. joyce says:

    I don’t know if I’d consider Hoboken a college town… but I get your meaning.

  47. Anon E. Moose says:

    Tool [18];

    I love how you never let reality impact your world view:

    that’s the only way for Tepper to keep paying no taxes

    If Tepper really wanted to pay no taxes he’d run for office as a bleeding heart leftist while maintaining a hidden shell company in some foreign locale to warehouse his wealth. Panama emails could have been among those on Hillary’s bathroom server.

  48. Fast Eddie says:

    RE- 35, So is Trump a lying, old guy, hag? If it’s ok to call a woman that, I say call the guy that too.

    I’ll try this again. She’s a hag, painful to look at and listen to. He’s successful, arrogant, has his name on everything, is f1lthy rich and has the hottest f.cuking woman on the planet. She has as much charisma as a pebble. She’s repulsive and full of sh1t. He has an idea and follows up on it.

  49. Fast Eddie says:

    Joyce,

    It’s a college town. Beyond that, there is nothing else.

  50. Fast Eddie says:

    Hillary looks like she struggles; winded, old, zero electricity. She doesn’t proclaim, she hisses like a snake and croaks like a frog.

  51. The Great Pumpkin says:

    That’s the bottom line. Always a one way street with these type.

    Funnelcloud says:
    April 6, 2016 at 10:27 am
    Watching The Street and Cramer last night Listening to corp executives whine about the unfairness of the government changing the rules in the 9th inning or moving the goal post when the company followed the rules to do the inversion. These are probably the same elitist that did not want to hear a word from the employee’s when they (changed the rules and moved the goal post) & took away pensions or cut retirement med benefits that were promised to these workers years ago. I say executive attitude has to change before they get a tax break.

  52. HouseWhineWine says:

    49) Ok, I get it. You don’t like Hillary.

  53. Fast Eddie says:

    Just for the record, Ted Cruz has no charisma either. He irks me and I find him to be creepy. In fact, if he gets the nod, I’m voting for the Libertarian candidate. I wouldn’t have voted for Jeb Bush either. Ugh! I like John Kasich but he’s done. Trump doesn’t give a sh1t what anyone thinks and he represents us; the people who are pulling the weight for the less-informed whiners. We’re getting kicked in the b.alls and still getting up every day and going to work.

  54. grim says:

    I wouldn’t vote for Cruz.

  55. The Great Pumpkin says:

    Check out this article from USA TODAY:

    U.S. sues to block Halliburton merger deal

    http://usat.ly/1MSfba8

  56. joyce says:

    Would you say Montclair and South Orange are college towns as well? To me they’re not, not like a State College.

    Fast Eddie says:
    April 6, 2016 at 10:57 am
    Joyce,

    It’s a college town. Beyond that, there is nothing else.

  57. joyce says:

    I think of people moving to Hoboken after they graduate or in the first few years.

  58. Fast Eddie says:

    Joyce,

    Would you say Montclair and South Orange are college towns as well?

    No, they have a totally different appeal and identity. It’s an apples and umm… oranges comparison. ;)

  59. Funnelcloud says:

    Grim 54
    I’m a trump guy I’ve Said that in previous post, not because I’m fond of him or I agree with all his politics but because he is a true outsider. so much so, that the establishment is going through great efforts to ensure he does not get elected regardless of what a good portion of the american people think. I think hillary belongs behind bars, but if the powers that be in the republican party over ride the will of the majority of the people, I won’t stay home or cast a throw away vote. I’ll vote democratic straight down the card hillary or sanders just to stick it to mitch and the rest of the Bowery boys.

  60. Now Spanky be reasonable says:

    Hillary should be anointed with estrogen cream.

  61. GOP's broken (the good one) says:

    why Repubs hate women so much?

  62. grim says:

    Good riddance, we need more people who pay their fair share.

    So maybe with Tepper, Apaloosa, and the rest of his crew – $60 million in taxes? Plus the impact to local economy that will leave with him.

  63. Now Spanky be reasonable says:

    I don’t hate women, just this one woman. By your reasoning, Democrats hate women – look at the vitriol poured out on Condoleeza Rice. Oooh, that must mean they are racists too!

  64. Fast Eddie says:

    why Repubs hate women so much?

    Why Dems hate America so much?

  65. Fast Eddie says:

    And Sarah Palin should be gang-raped? Really? And you’re insinuating that Republicans hate women?

  66. Fast Eddie says:

    Hillary should be anointed with estrogen cream.

    Yes, this way she doesn’t have to shave every day.

  67. Bystander says:

    #48 Fast,

    I see no qualities of Trump that make fit to be president. Born rounding third, extremely petty and souless self promoter. Hocking steaks while campaigning? Cmon, this is a global embarrassment. I appreciate the “anyone but Hillary” sentiment but it should left at that. Seriously, taking a step back from situation and taking away Trump stardom and name, you would have the ramblings of a fascist psycopath that you would move away from on a subway car.

  68. Now Spanky be reasonable says:

    If Hillary would join the Dollar Shave Club, she could give back the $153 million in speaking fees.

  69. walking bye says:

    Hoboken is more like summer camp vs a college town. Kinda fun, a chance to experience new things in a coed environment without the rigor of school. But like summer camp lasting a few weeks, Hoboken only lasts a few years before it’s time to move on. Of course you can always become a Hoboken camp counselor and extend your stay into your 30’s.

  70. GOP's broken (the good one) says:

    too small price to pay in exchange for the NJ soldiers who have died to protect him

    I’d say to at least double it

    grim says:
    April 6, 2016 at 12:29 pm

    Tepper pays $50 million in NJ taxes

  71. GOP's broken (the good one) says:

    AMERICA

    Plan For Antonin Scalia School Of Law Is Tweaked Over Unfortunate Acronym

    April 6, 201610:46 AM ET
    BILL CHAPPELL
    Twitter
    A plan to rename George Mason University’s law school for late Supreme Court Justice Antonin Scalia (center) has been tweaked after the first name that was chosen sparked jokes on social media. Scalia is seen here with his fellow justices in 2009.

    It must have seemed a straightforward way to honor a U.S. Supreme Court justice who was famous for, among other things, prizing straightforwardness. But then people began to titter about the unintended acronym of the Antonin Scalia School of Law — and now George Mason University has tweaked the name.

    #asslaw

    #punk

  72. grim says:

    71 – You can’t do math?

    $0.00 x 2 = $0.00

  73. grim says:

    Good riddance shithead. From the WSJ:

    Hedge Fund Founder Invests in Food Bank

    David Tepper is trying to make sure New Jersey’s hungry have a place to go.

    The founder of hedge fund Appaloosa Management is this week kicking off a $15 million fund-raising campaign at the Community Food Bank of New Jersey with a $2 million donation to the Hillside, N.J., organization.

    The New Jersey food bank’s capital campaign will go toward renovating the organization’s facilities and increasing its ability to deliver and store food. The funds also will be used to purchase 10 vehicles and update an existing distribution fleet.

    Mr. Tepper, who along with his company has given nearly $4 million to New Jersey food banks since 2006, is also making a $3 million donation to Feeding America, an umbrella organization of U.S. food banks. Part of that money will go toward creating a fleet of mobile pantries and refrigerated trucks.

    Mr. Tepper, who lives in Livingston, N.J., also directs a large proportion of his philanthropy to causes in Pittsburgh, where he grew up and attended the University of Pittsburgh and Carnegie Mellon University’s business school. In 2004 he donated $55 million to Carnegie Mellon business school, whose Tepper School of Business is now named after him. He continues to make gifts to food pantries throughout Pittsburgh.

  74. grim says:

    Shitbag..

    Billionaire Tepper’s gift card giveaway gets thumbs-up from Hoboken Housing Authority chief

    The executive director of the Hoboken Housing Authority has called Livingston billionaire David Tepper “Santa Claus” for donating $100 Target gift cards to public housing residents last month.

    Tepper,’s Better Education Institute, the nonprofit arm of education-reform group Better Education for Kids, donated a total of $1.2 million to 12,000 New Jersey residents affected by Hurricane Sandy, Garcia said.

    “Hoboken housing residents were severely affected by Hurricane Sandy and it was evident that the basic needs were scarce,” Garcia wrote, “A gift of $100 can go a long way in repairing the damage during the holidays.”

    “We understand that philanthropist Mr. David Tepper and his organization have received some criticism about the implementation of this program, but we at the Hoboken Housing Authority are eternally grateful for the help our residents have received,” Garcia wrote. “These gift cards were a blessing as they allowed residents to buy food and toys this holiday season. “

    “Thank you to Mr. David Tepper and Better Education 4kids for helping those in need by being our Santa Claus this Christmas,” Garcia added.

  75. grim says:

    What the f*ck do these rich guys think anyway.

    http://www.masongross.rutgers.edu/visual-arts/tepper-endowment

    Rutgers College alumna Marlene A. Tepper and her husband, David A. Tepper, of Livingston, N.J., have pledged $3.4 million to the Mason Gross School of the Arts. The gift stipulates $3 million for the first endowed faculty chair at the school, in the Visual Arts Department; the remainder is earmarked for scholarships in the painting program.

    “Marlene Tepper has provided the means for taking this already distinguished program to an even higher level,” says George B. Stauffer, Dean of the Mason Gross School. He points to the department’s long tradition at the heart of the American avant-garde, with professors George Segal, Roy Lichtenstein and Geoffrey Hendricks serving as seminal figures in the Pop Art and Fluxus movements.

    “Rutgers University has a long and proud tradition of excellence in visual arts education,” Marlene Tepper says. “David and I hope that this endowed faculty chair, combined with these additional scholarships, will provide even greater opportunities for Rutgers students to excel in the visual arts.”

  76. Fast Eddie says:

    Bystander,

    Who in this field on either side is sticking up for those who prop up 50% of this country? Sanders? I get what you’re saying but I’d like to have someone for once speak my language… just a little bit!

  77. grim says:

    Sanders is rich, he and his wife bring in $200,000 a year in Vermont, that’s like a $500,000 salary here in Jersey. He rails about income inequality, yet he is nearly in the 1% in Vermont. He is solidly in the top 5% of income earners in Vermont, and has an income of 10 times the amount of households in the lowest income quartile.

  78. joyce says:

    chicagofinance,
    Are you sure Michael is that other poster and not anon?

  79. Fast Eddie says:

    walking bye [70],

    That’s what I meant when I mentioned Hoboken being a college town. It’s like a place where kids go to learn how to be grown-ups. It’s a post-college facility to obtain life experience. You rent, you don’t purchase property here.

  80. Juice Box says:

    Hoboken’s is a college town, Steven’s has over nearly 6,000 students and about 500 staff.

  81. grim says:

    Shocker, from the Paterson Press:

    Paterson’s application for federal Promise Zone program misses deadline

    Paterson’s problem-plagued 4th Ward missed a chance at being part of a national urban revitalization program because the federal government did not get Paterson’s application on time, officials said.

    The opportunity for the 4th Ward’s inclusion in the federal Promise Zone program had prompted city staff members and community leaders to conduct a series of more than a dozen meetings during the winter to prepare Paterson’s application, officials said.

    But Paterson Press learned this week that the city had problems in its last-minute efforts to file the application with the United States Department of Housing and Urban Development before the 5 pm deadline on Feb. 23, officials said.

    Mayor Jose “Joey” Torres said the document was submitted to HUD just after he sent his revised cover letter to the municipal official handling the application at 4:55 pm on the day of the deadline date.

    “We never got confirmation that it went through,” said Torres in an interview on Tuesday. “My I.T. people are telling me it probably got caught up in what they called ‘internet traffic.’”

  82. grim says:

    Torres was revising the cover letter with 5 minutes before the application due date?

    And it got lost in “internet traffic” – right.

  83. walking bye says:

    Torres stated “I was updating my facebook profile when I realized it was 4:45. I went to the men’s room and when I came back my computer was locked up. By the time I rebooted it was too late”

  84. Essex says:

    Hillary wants to gut big pharma. So we’re Trumpin’

  85. joyce says:

    85
    You believe what politicians say?

  86. NJGator says:

    To Get Into Private College To Be Most Financially Responsible Act Of 17-Year-Old’s Life

    http://www.theonion.com/article/failure-get-private-college-be-most-financially-re-52673

  87. Essex says:

    only when they directly threaten my johnson

  88. Essex says:

    Johnson & Johnson that is….ba dumdum

  89. joyce says:

    Back to the drawing board, Essex.

    Trump drug cost comments raise new risks for pharma stocks
    http://www.reuters.com/article/us-usa-election-trump-pharmaceuticals-idUSMTZSAPEC1QKUC2NK

    Donald Trump Reportedly Says He’s With Hillary Clinton, Bernie Sanders On Drug Pricing
    http://www.huffingtonpost.com/entry/trump-drug-prices-hillary-bernie_us_56a7ac37e4b0172c65943f0b

  90. joyce says:

    And there’s always this…

    Big Pharma’s Contributions:
    #1 – Hillary Clinton
    #10 – Donald Trump
    http://www.cnn.com/2016/02/11/health/big-pharma-presidential-politics/

  91. grim says:

    Shocking – who is going to protect the billionaires?

    Their biggest recipient? Clinton. She collected $336,416 in donations, over a third of the total contributions during the 2016 presidential campaign. The next biggest recipient was Republican candidate Jeb Bush, who collected less than half the amount of Clinton. Trump received the least in donations: $1,010, enough to buy one Daraprim pill.

    Hillary Hillary Hillary!

  92. joyce says:

    “The pharmaceutical industry is the 15th most generous industry in terms of donations so far in the 2016 presidential election. The health industry overall — combining health professionals, hospitals, HMOs and pharmaceutical companies — donated over $9.5 million to the 2016 presidential candidates, making it the third largest donating industry. CLINTON CONTINUE TO BE THE BIGGEST BENEFICIARY FROM THIS GROUP, receiving more than $3.5 million in donations.”

  93. Juice Box says:

    Yeesh

    “By imposing a fiduciary duty standard, this will cause the brokerage firms to self-police”

    http://www.nytimes.com/2016/04/07/your-money/new-rules-for-retirement-accounts-financial-advisers.html

  94. Essex says:

    90. Shudder….no where to run…

  95. 1987 Condo says:

    I also look forward to Tepper on CNBC…tremendously insightful, witty and a bit odd…and, of course, tends to say what he means, which is often politically incorrect.

  96. jcer says:

    92, the billionaires meet at the Bilderberg conference and decide who the nominee will be, they usually invite the politician to ensure they are owned 100%. After Hillary and Obama went during the primaries in 07, they basically told Hillary how it would play out. Hillary was the choice of Oligarchs, there political beliefs do not get in the way. Bernie Sanders is a huge risk he’ll go after the rich, Trump is a wildcard as no one can determine what he will do and they don’t have a way to control him, Cruz doesn’t scare them as much as Trump or Sanders, oligarchs want to see Hillary vs. Cruz with Hillary winning. She is owned lock stock and barrel and they started making the payments back before 07. I think Trump is certifiable but I’d like to see him win just so I can watch the oligarchs panic a bit and so the libtards who think the world will end if Trump becomes president eat crow as he will largely be obstructed and quite literally life will go on as normal.

  97. Comrade Nom Deplume, Recovering From The Slopes says:
  98. Grim says:

    About 3 billion

  99. Fabius Maximus says:

    From what I see Hil’s FB1 investigation is done by July. Cleared with no further action.

    Then she rolls to November.
    http://www.realclearpolitics.com/epolls/2016/president/us/general_election_trump_vs_clinton-5491.html

  100. Comrade Nom Deplume, Recovering From The Slopes says:

    Awkward

  101. Comrade Nom Deplume, Recovering From The Slopes says:

    [103] Rory

    Sadly I must agree. We’ve devolved into junta politics

  102. The Great Pumpkin says:

    Yes, it’s finally going mainstream. Finally, people are realizing what our govt really is….a tool for the rich and powerful. Directly what our founding fathers rose up against. So keep worshipping the wealthy like they are doing something good for your life.

    “In what’s been dubbed the Oligarchy Study, researchers explored the question, ‘Who really rules?’ And using empirical evidence, they determined what many of us already fear: that wealthy elites are hoarding political power, while “…average citizens and mass-based interest groups have little or no independent influence.”

    In short, the free will of “We, the People” has been supplanted by “Those, the Rich.””

    http://www.benjerry.com/whats-new/us-true-democracy

  103. The Great Pumpkin says:

    Dr. John Thompson, historian and teacher in Oklahoma City, anticipates the collapse of corporate reform in this outstanding post. He gives much of the credit to the opt out movement, which stood up to political and corporate power to protect their children. Who ever thought it was a great idea to subject 9-year-old children to 8 hours of testing? Who thought it would be a good idea to fire teachers if test scores didn’t go up every year? Who thought it was a good idea to drain resources from public schools and give them to privately managed charter schools?

    Parents certainly didn’t. They refused to be bullied by school officials and politicians
    http://dianeravitch.net/2016/04/06/john-thompson-forecasts-the-end-of-the-corporate-reform-era/

  104. The Great Pumpkin says:

    Yup. Have to remember that the wealthy are control freaks. Based on knowing this and applying logic, why wouldn’t their behavior emulate what you speak of in your post? It’s common sense.

    jcer says:
    April 6, 2016 at 5:07 pm
    92, the billionaires meet at the Bilderberg conference and decide who the nominee will be, they usually invite the politician to ensure they are owned 100%. After Hillary and Obama went during the primaries in 07, they basically told Hillary how it would play out. Hillary was the choice of Oligarchs, there political beliefs do not get in the way. Bernie Sanders is a huge risk he’ll go after the rich, Trump is a wildcard as no one can determine what he will do and they don’t have a way to control him, Cruz doesn’t scare them as much as Trump or Sanders, oligarchs want to see Hillary vs. Cruz with Hillary winning. She is owned lock stock and barrel and they started making the payments back before 07. I think Trump is certifiable but I’d like to see him win just so I can watch the oligarchs panic a bit and so the libtards who think the world will end if Trump becomes president eat crow as he will largely be obstructed and quite literally life will go on as normal.

  105. The Great Pumpkin says:

    109- You want to be a billionaire, fine. Just don’t come taking away my rights as a citizen to have a govt that represents the people.

  106. Fabius Maximus says:

    Offered without comment.
    Former coal CEO sentenced to prison for US mining disaster
    http://www.bbc.com/news/world-us-canada-35983364

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