Covering theyre really coming to a head in 2020 diggle is ation dollar is ation japan afic ation of our Balance Sheets of Central Banks money printer go back and de china for cation now is a new thing so were going to cover those over then upcoming episodes of Summer Solutions did china for cation thats the 1st time ive heard that what does it mean its a process of separating the Global Economy from china exiting trade deals japan as we recently reported they theyre paying their own Corporate Companies from japan 536000000 to take their factories out of china and move them to vietnam move them to cambodia move them to other places in Southeast Asia so were going to see a lot of the power all of china has come from the fact that we have outsourced much of our manufacturing capacity from america from europe from japan to china so now theres going to be a process of the de globalization this is. Subset of that the globalization is called the china fixation remember him wasnt too long ago
That little different and its also a little chillier at the coast. We normally see so it is one of those mornings its keeping you on your toes that yet again look out clear the golden gate is it is Crystal Clear out there along the coastline now as robin mentioned some of our inland areas such as the tri valley on up into the delta these areas right here are looking at some fog but the searching out into the Central Valley this morning but definitely a little clear all right along the bay, there are some spots though that could cause this visibility issues and are clear spots are actually well out towards the coastline. This morning now were going to see a lot of sunshine today. Thats not something were going to be short of a nice clearing day ahead of the holiday just around the corner. Good chance to get out there get some travels and some last minute shopping out of the way more and more of your off work now im sure in which case you up at 04 00am im very impressed. This monday morn
Foggy layer that some of our inland areas are saying and as will mention that look at how chilly it is out there. Redwood city in livermore in the 30s conquered also in the 30s. Oakland, you are very near the 30s right now at 40 degrees as well as you in dublin, north bay temperatures nearing freezing so yes, it is frigid you may want to bundle up with that extra layer if you do happen to be heading into work on this holiday week. Daytime highs this afternoon only rising into the low 50s see i keep that extra layer on hand robin all right. Thank you jon, i want to check in on traffic which is Holiday Light around the bay area. So if you do have some driving to do maybe want to get into San Francisco. No reports of any big trouble spots, its looking good right now just a little bit of a backup in the cash lanes right here at the toll plaza but its a great trip across the upper deck. Its moved through downtown, San Francisco, your trouble free on the central freeway. The james leg, 2. 80
All month away though, so well talk about that that uh yes this morning. I dont know that anybodys birthday just cold al qaeda foggy you may be shivering as youre walking outside thats about the only dance are going to do it looking out there at berkeley conditions, nice and clear but not necessarily clear across the entirety of the bay area over San Francisco. You have some low cloud cover and then for inland valleys that fog is especially forms pretty dense so watch out for some problem spots between conquered down into the tri valley as well as down into the south bay, coastal areas have been holding up a lot better than other areas of the bay have with a clear skies for the most part right across the bay itself now this afternoon expect plenty of sunshine. Some nice and dry conditions for your couple of days before christmas now. We are going to work our way back into some showers on Christmas Day though, so today, some sunshine later on that you should enjoy the 30s and 40s for yo
In early 2006. I discovered that over 60 percent of these mortgages did not meet our guidelines they were by definition defective when i discovered this in this was june of 2006. Silly me i thought it was my job i started issuing warnings because i was supposed to make sure that these met our policy guidelines and i sent email i put it in my weekly report i made Committee Presentations i mean im not a shy guy i cornered people in the hallways at the water fountain and everyone say yeah yeah we we we know we need to fix that but nothing would happen. And through 20062007 the volumes kept increasing and the rate of defective mortgages increased from 60 to in excess of 80 percent it was 80 percent of these mortgages that we were in turn selling. And giving our representations and warranties that they were they met our policy guidelines did not meet our policy guidelines this is misrepresentation that is true as a matter of fact it was for all. Ive seen plenty of alone documents with my ow