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Investors Now Value A $20 Billion Company Based On Its "Energy & Spirituality"

Investors Now Value A $20 Billion Company Based On Its "Energy & Spirituality"

Authored by Simon Black via SovereignMan.com,

About twelve years ago, at the height of the real estate boom in the United States, banks began issuing what became known as NINJA loans.

You’ve probably heard the term before– NINJA stood for No Income, Job, or Assets.

These were the famed ‘no money down’ loans at low, teaser interest rates given to borrowers with pitiful credit and little hope of being able to make the payments.

Trump's Revenge: DOJ Demands CNN Sale To Approve AT&T Deal; CEO Denies Offering Sale

Trump's Revenge: DOJ Demands CNN Sale To Approve AT&T Deal; CEO Denies Offering Sale

Update 2: The plot thickens. As The Hill reports, AT&T and Time Warner offered to divest CNN, however the DOJ Antitrust Division flatly rejected the proposal, Justice Department sources said. But AT&T CEO Randall Stephenson said in a statement Wednesday afternoon that he was not entertaining the idea of selling CNN from the combined company:

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