Archive for the ‘Financial Markets’ Category

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

Banks and Commercial Lending Bust

Saturday, October 24, 2009 19:44 2 Comments

Yesterday, seven more banks were closed – quietly – as the number reached 106 for the year. The Wall Street Journal has an interactive map of bank failures (131) since the beginning of 2008. On a related note, as the commercial real estate bust heats up, Capmark Financial Group, Inc.  (formerly GMAC Commercial Holding Corp.) [...]

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

Re/Max Didn’t Get the Memo

Saturday, October 17, 2009 19:06 1 Comment

The Depression Memo, that is. Thanks to Michael W. for the link.

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

Goldman Sachs for President!

Saturday, October 17, 2009 15:54 1 Comment

No need, really. Goldman already sits at the top of the ruling hierarchy and has the power to choreograph the financial markets. The Securities and Exchange Commission (SEC) just named a new Chief Operating Officer for its Enforcement Unit, and this new guy is Adam Storch, a 29-year-old executive from Goldman Sachs. He’s been a [...]

This was posted under category: Financial Markets, Socialist Corporatism Tags: