William Black: Theoclassical Law and Economics Makes the Law an Ass from naked capitalism by Yves Smith 3 people liked this By William K. Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City and author of The Best Way to Rob a Bank is to Own One One of the great [...]
Archive for August, 2010
Mandelman Covers Treasury’s Message to Bloggers: H.A.M.P. was never MEANT to Stop Foreclosures, only to ‘slow them down’…
31
Aug
Really? H.A.M.P. was never designed to save homes from foreclosures? It was designed to help the banks? Really? Wow; you sure could have fooled us… based on the results… NOT! AMERICA LOST: Treasury’s meetings with bloggers tells a story that I didn’t want to hear. I talk to a lot of homeowners from all over [...]
Bill Black on Why Cover ups of Fraud Impair Recovery
31
Aug
Why Covering up Fraud Losses Impairs Economic Recovery. Part One. Part One: The Unbearable Lightness of the Accounting Cover Up Bad bankers, bad regulators, and bad politicians love to cover up losses, fraud, and bank failures. The snake oil peddlers pushing for a cover up scream that if losses are recognized capitalism will collapse. Recognizing [...]
Michael Krieger on Max Keiser: The Elite Have Lost Their Right to Rule
29
Aug
Guest Post: The Elites Have Lost The Right to Rule from maxkeiser.com by Michael Krieger War is the growth hormone of the cancer that is big government. – Alex Jones A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason [...]
Dr. Housing Bubble Gives The Straight Scoop on Why The Falling Housing Prices Will Help The Economy
28
Aug
5 reasons why falling home prices will be good for the economy – Higher homes values does not mean higher home equity, financial sector profits back up to 30 percent of all corporate profits, the mortgage debt equation. A recent report shows that 11 million homeowners with a mortgage are underwater with a deep red [...]
Washington’s Blog on The Home Sales Slump
28
Aug
Why Are Home Sales Plummeting? from Washington’s Blog by George Washington 2 people liked this Why are home sales plummeting? On the surface, it is because the government’s tax-credit for first-time home buyers lapsed in April. It takes a couple of months lag-time between buyer purchase decisions and the actual close of escrow, and so [...]
William K. Black on Max Keiser – A Must Watch Event
26
Aug
Bill Black on Max Keiser Need we say more? Tier Terra Capital is part one of the show; Bill Black is part 2. A super show.
Mandelman Reports on Latest Court Decision On HAMP – Must Reading for HomeOwners Seeking Modifications
26
Aug
This is getting interesting. A judge in U.S. District Court, Southern District of California, has issued an order that may just answer a few prayers of many homeowners. Here’s what happened… A San Diego homeowner, by the name of Ademar Marques, was applying for a loan modification, and, although it might be hard for many [...]
JPMorgan on Sovereign Defaults: Not If – When; Jesse’s Take
25
Aug
This piece is interesting because the underlying story is that JP Morgan is telling us the reality is – even in terms of government defaults is predicted by the JP Morgan darling heads of the financial kingdom… is anyone noticing the private banking institutions are telling us what the story is? No, not the ‘political [...]