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Archive for May, 2010

When Judges Cancel Mortgages – Mandelman Makes it Sing

27 May

As ever Mandelman makes a sweet story out of this latest on the frontlines. Lucky for us to have such sharp eyes and wit watching the action. Nothing like a straight shot across the bow to get our attention. The ongoing chronicles of the blatant disregard shown by lenders, their attorneys and other representatives for […]

 

Housing Market Still Over Valued in Many Areas

26 May

In this piece from My Bugdge 360 we see how the housing market and employment statistics and income levels are still out of synch. This is important information for everyone in the nation to consider. Low interest rates are not the great benefit for homeowners many espouse them to be. This also has serious implications […]

 

Damon Vrabel on Jamie Dimon and Wall Street Pathology from Nathan’s Economic Edge

25 May

Damon Vrabel – Jamie Dimon and Wall Street Pathology Damon doesn’t pull any punches and shows great instinct by singling out and then shredding Jamie Dimon, a former Economic Edge “Asshat of the Year” award winner… Jamie Dimon and Wall Street Pathology As many people now understand, Wall Street is a monopolistic cartel that thrives […]

 
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Washington’s Blog: On Being Blackmailed by Giant Banks, The Fed and Treasury

24 May

The Giant Banks, Federal Reserve and Treasury Have All Blackmailed America from Washington’s Blog by George Washington 1 person liked this As I wrote last October: Congressmen Brad Sherman and Paul Kanjorski and Senator James Inhofe all say that the government warned of martial law if Tarp wasn’t passed. And Rahm Emanuel famously said: Never […]

 

The Next Banker Casino: Moving from RMBS Fraud to Cap and Trade Fraud…

24 May

In this eye opening report from Washington’s Blog we see that once again the big players in financial manipulation are happy to shift their focus to play in another arena: Carbon Credits and Cap and Trade. When all the major environmental groups, scientists, Bloomberg and huge lists of others point out that Cap and Trade […]

 
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My Budget 360: FDIC Next Government Bailout Billions or Trillion?

24 May

FDIC next government trillion dollar bailout? Since January of 2000 to October of 2007 we had 27 bank failures. From January 2008 to May 2010 the FDIC has closed down 237 banks. Why 1,000 bank failures will occur before the Great Recession is over. from My Budget 360 by mybudget360 The Federal Deposit Insurance Corporation […]

 
 

Millions spend half of income on housing (2008 USA Today Statisitcs Article Underlines Current Housing Crisis)

23 May

This article underscores the situation as of 2008. The housing markets have not fallen enough, in 2010, with the increased unemployment, to overcome the issues outlined in this article. People still cannot afford their housing and they are still paying well more than 30% of their income on housing.  HAMP statistics are showing loan modifications […]

 

Denninger: So we got Reform? Uh… Yeah, Not Really…

22 May

In case anyone missed it – the financial reform bill was shredded and passed.  Nothing much has changed except that there is no chance they are going to get out of this now. Heads Up, America. So We Now Have “Financial Reform”? Who are these guys trying to kid? The most-important part of the bill, […]

 
 

Latest Reports Out for HAMP This Week – Mandelman Gives the Blow By Blow

20 May

Here We Go… It’s HAMP Confusion Day I can’t be the only one to have noticed how we’ve changed the way we report statistics driven news stories in this country. I mean, today anything that happens for a month is a trend, two months and my God, it’s an overwhelming reversal of whatever used to […]

 
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Bankers Scoff as Iceland Moves Ahead with Jailing and Prosecution

20 May

Bankers jailed, sued as Iceland seeks culprits for crisis By Agence France-Presse Thursday, May 13th, 2010 — 12:21 am REYKJAVIK — More than a year and a half after Iceland’s major banks failed, all but sinking the country’s economy, police have begun rounding up a number of top bankers while other former executives and owners […]