Archive for the ‘Financial Markets’ Category

Wall Street – a Rigged Casino

Tuesday, August 30, 2011 23:15 1 Comment

Karl Denninger has turned out a great market musing, and no further comment on my part can possibly eclipse this stellar polemic on the Wall Street-Government hostile takeover of Main Street. Go ahead politicians, tell us how important “Wall Street” is to the economy and to you.  Let the thieves and liars continue to pollute [...]

This was posted under category: Financial Markets

Standard & Poor’s President Ousted?

Monday, August 22, 2011 21:49 4 Comments

S&P’s President, Deven Sharma, is stepping down. It is written that “Mr. Sharma was leaving the firm to pursue other opportunities, the person familiar with the matter said, without elaborating.” So the Indian who brought the U.S. to its knees is paying the price. That happened quicker than expected.

This was posted under category: Financial Markets

The Fed Manipulates the Market

Sunday, June 19, 2011 21:18 3 Comments

Here are a couple of gems from Bill Bonner on the Mises Blog (via the Christian Science Monitor). The market is fixed. The SEC is in on it. It’s all part of the zombie system of finance. The dollar pretends to be real money. Debt pretends to be capital. And regulators pretend to be smarter than [...]

This was posted under category: Financial Markets

Standard & Poor’s Outlook for U.S.

Monday, April 18, 2011 16:09 5 Comments

With all of the brouhaha over Standard & Poor “negative” outlook on the long-term AAA credit rating of the U.S., I have not come to the conclusion that this is a significant move. While the media bobbleheads and most independent bloggers seem to be scrambling to unwind the drama and make the case that politicians are [...]

This was posted under category: Financial Markets

The Federal Reserve’s Balance Sheet

Sunday, April 3, 2011 20:23 19 Comments

A couple of weeks ago, the Wall Street Journal ran an article about the assets on the Federal Reserve’s balance sheet. There isn’t much substance in the short article, except the purpose was to promote a new interactive graphic that will be continually updated to “mark the expansion of the central bank’s balance sheet.” This [...]

This was posted under category: Financial Markets

The Government’s Ponzi Crimes

Wednesday, March 2, 2011 23:00 57 Comments

A recent headline from Yahoo read, “Madoff to NY Magazine: Government a Ponzi Scheme.” While most people are not interested in hearing mocking political commentary from the swindling Madoff who made-off with the wealth of his unenlightened investors, any slight tilt toward reasoned thought will surely lead one to assess how his abominations pale in [...]

This was posted under category: Financial Markets

Another Strategic Default (that people approve of)

Saturday, February 12, 2011 19:26 12 Comments

In this interview that was published on, I was asked this by the interviewer: “Why is it that strategic defaulting at a corporate level is not actively challenged, but it is being challenged at a consumer level?” That was, of course, a great question. As I wrote, the notion of approving business defaults while [...]

This was posted under category: Financial Markets

Will 2011 Be a Banner Year for Strategic Defaults?

Tuesday, February 8, 2011 20:34 11 Comments

In reference to my previous articles and blogs (“It May Be Financially Irresponsible to Pay Your Mortgage” and “Why a Strategic Mortgage Default May Be Your Best Option),” I discussed this topic at great length. I talked about why there is no moral obligation in the purchase contract. The mortgage is a legal contract, not [...]

This was posted under category: Financial Markets Tags: ,

Crunchy Ben, Sugar-Coated With Lies

Tuesday, September 7, 2010 19:13 8 Comments
This was posted under category: Economics, Financial Markets Tags: ,

Failed Fannie Mae Will Pummel Mortgage Defaulters

Monday, June 28, 2010 20:49 6 Comments

The government, after destroying the economy and housing market through its social engineering, financial corruption, and political favoritism, is telling you to pay up or else. Government-sponsored mortgage purchaser Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for seven years. [...]

This was posted under category: Financial Markets Tags: ,