Archive for the ‘Financial Markets’ Category

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 mortgageorb.com, 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: ,

The Government-Bankster Complex Wants to Keep You House Poor

Friday, April 2, 2010 17:29 8 Comments

I am still receiving some demented emails from emotional readers upset about the following two articles of mine: – It May Be Financially Irresponsible to Pay Your Mortgage – Why a Strategic Default May Be Your Best Option I’ve received almost no rational letters of disagreement from folks who offer up a better solution and [...]

This was posted under category: Economics, Financial Markets Tags: , ,

Santelli vs. LIESman

Thursday, March 18, 2010 5:00 7 Comments

On CNBC Squawk Box, the topic was this: “Moody’s Says U.S. Debt Could Test Triple-A Rating.” From the New York Times article: A downgrade would affect more than American pride. The bigger risk would be to the country’s ability to keep borrowing money on extremely favorable terms, and therefore to keep spending more money than [...]

This was posted under category: Financial Markets

700+ Banks Are Bordering on Insolvency

Tuesday, February 23, 2010 23:00 2 Comments

And this is according to an FDIC report. The names of the banks on the list are never made available to the general public by regulators out of fear that depositors at those institutions may prompt a so-called “run on the bank.” …Bair confirmed that the pace of bank failures would pick up this year, [...]

This was posted under category: Economics, Financial Markets Tags:

A Banner Year for Bank Failures

Monday, January 18, 2010 22:49 4 Comments

While the government spent zillions trying to prop up its swine flu propaganda campaign in order to grab unprecedented new powers by putting the populace under the spell of a doomsday crisis, duplicitous public officials who paint catastrophic landscapes with pink ribbons and teddy bears are obscuring the real calamities. The blighted landscape before us [...]

This was posted under category: Financial Markets Tags: ,

BrokeBank Mountain

Sunday, January 17, 2010 20:34 2 Comments

From Old Rebel comes this. Though, since Biden is a bit player — I’d rather see Bush or Pelosi in the tent with Obama.

This was posted under category: Financial Markets