![]() ![]() ambassador to the Organization for Security and Cooperation in Europe, Michael Carpenter, upped Washington’s assessment of the force Russia has built up along Ukraine’s border, saying between 169,000 and 190,000 troops “are in and near Ukraine as compared with about 100,000 on January 30.” The package is another piece in Poland’s sweeping military modernization effort, coming on top of a $6.5 billion deal Poland forged in 2019 to buy 32 F-35 fighter planes, and other agreements to buy mobile rocket artillery systems from the United States. You may not be entitled to have whatever you want without paying your dues.The eventual delivery “will also strengthen our interoperability with the Polish armed forces, boosting the credibility of our combined deterrence efforts and those of our other NATO Allies.” I thought this was a fine movie with a superb lesson. The whole thing that overrides this entire film is that all the evidence was right there, but the greed of most of the parties supersedes all of that. They go in to make money and they manage to do it. The guys in the movie are aware, but, for the most part, aren't all that sympathetic to these foibles. ![]() This was unsustainable and it wasn't long before the banks found themselves with armloads of houses and buyers with hopeless debt. The balloon mortgages took them from affordable to bankruptcy. Those that were trying for the fast buck and those that really had no clue what they were getting into. There were two types of buyers, it seemed. If one looked in the windows of these, you could see that some of the tenants had stripped all kinds of fixtures and walked away. The expert had them drive through a desert area, filled with enormous houses, all of which were in default. I recall a 60 Minutes report on the bubble before the crash took place. The fact is that people sold mortgages to others who had no business getting into them. ![]() Whether one is a Wall Street maven or not isn't the issue. I have to admit that I don't understand all the intricacies of the bond markets that were being manipulated here. ![]()
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