Friday, April 17, 2015

Today's Links

1--Fannie and Freddie Restart Risky 'Affordable Housing' Programs

The new HomePath Ready Buyer Program, as described by Fannie Mae, could create $4,500 in savings on a $150,000 home for first-time buyers, (defined as borrowers who have not owned a home in the prior three years).
In addition to the 3% rebate, Fannie Mae will refund the cost of the homebuyer education course. Still many of the borrowers targeted for the new programs don’t earn more than their area’s median income

This new program comes after Melvin Watt, director of the Federal Housing Finance Agency, announced last December that Fannie Mae and Freddie Mac would soon start buying mortgage securities backed by 30-year loans with just 3% down payments, which banks largely halted delivering two years ago, instead demanding 20% down.

2---​US military instructors deployed to Ukraine to train local forces, RT

3--Bill Black: The Media Fall for Hillary Clinton’s Gensler Gambit, NC

4---Greece: Default or Grexit?, NC

5--Why the Grexit is inevitable - and some singing PIGS ,

6--US Military Lands in Ukraine, Ron Paul

7---Grexit dangers mount as Greece's Yanis Varoufakis warns of 'liquidity asphyxiation', Telegraph
The Greek finance minister said his country would not continue deception of 'Ponzi austerity' even if this means a showdown with creditors

8--Bernanke’s not alone: 5 financial crisis regulators cashing in on new careers, Fortune

9--BRICS Development Bank won’t rival China-led AIIB, but complement – CBR head, RT

10--Al-Qaeda seizes key military camp in Yemen, snatches tanks and artillery, RT

11--Despite Ukraine Crisis, Russia Pursues Eurasian Integration Dream,

12--A US-Russia War Over Ukraine?, antiwar

13--Al-Qaeda Captures Yemen Airport, Oil Terminal
, antiwar

14--Iran Ready to Cooperate With Russia, China, India to Oppose NATO in Europe

15--Iran says it's ready to send gas to Europe

16--Europe’s alternatives to Russian gas, CFR

14 Extra credit:
U.S. Agencies See No Move by Iran to Build a Bomb
With Russia, China, India to Oppose NATO in Europe

Read more:

A Shifting Narrative on Iran
Iran will always be the enemy
The Russian-Iranian Strategic Partnership
The Russian-Iranian Strategic PartnershipMoscow and Tehran are moving towards a de-facto strategic partnership, which can be easily seen by the two groundbreaking announcements from earlier this week. It's now been confirmed by the Russian government that the rumored oil-for-goods program between Russia and Iran is actually a real policy that's already been implemented, showing that Moscow has wasted no time in trying to court the Iranian market after the proto-deal was agreed to a week earlier. Providing goods in exchange for resources is a strategic decision that creates valuable return customers in Iran, who will then be in need of maintenance and spare parts for their products. It's also a sign of deep friendship between the two Caspian neighbors and sets the groundwork for the tentative North-South economic corridor between Russia and India via Iran. The closer and faster that Russia economically moves towards Iran in the coming months, the more likely it is to successfully preempt imminent European competitors from establishing valuable market share in the country and perhaps one day using their future complex economic interdependence with Iran for nefarious political purposes

Iran takes the floor with inexhaustible oil and gas reserves and as a key transit country. Iran disposes of the 10% of the reported global oil reserves and is the second country in the world after Russia with its natural gas reserves (15%).The official representatives of Iran do not hide that they strive to enter the European market of oil and gas, as in the olden days. Let’s remember that the deputy Minister of Oil in Iran, Ali Majedi, offered to revive project of Nabucco pipeline during his European tour and said that his country is ready to supply gas to Europe through it, the publication reads.
“According to the project Nabucco, that pipeline will transfer around 31 billion cubic meters of gas. We repeat, Azerbaijani gas alone cannot fill that pipe. The main problem is that the potential of the Azerbaijani gas field Shah Deniz II is assessed no more than 8 billion cubic meters a year. That is why even if the Azerbaijani gas eventually comes to be supplied via Nabucco, there will be a deficit of 23 billion cubic meters a year,” the authors stress.

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