According to the power elite, a casino economy is important for our economic well-being. One moment investment bankers are taking home astronomical bonuses, the next the ceiling falls in. This is called having a “dynamic” economy. If you disagree with this you either lack a PhD in economics or are a communist. We are told [...]
Archive for the ‘Mortgages’ Category
The Real Reason for Boom and Bust Cycles
Posted in Alternate Economic Philosophies, Economic Bubbles, Economic Conspiracy, Mortgages, tagged SEC on April 29, 2009 | Leave a Comment »
How Much Can Obama Do Before He Would Be Assasinated?
Posted in Currency, Deliberately False Financial Information, Depression, Economic Regulation, Mortgages, Political Responsiveness, Videos, tagged Goldman Sacks, Obama, Henry Paulson, Larry Summers, Citibank, Money Creation on April 13, 2009 | 2 Comments »
There was a huge focus on change during the Obama presidential campaign. However, after being elected, Obama had the opportunity, or at least the perceived opportunity to bring in fresh blood into the senior posts. However, Obama decided to select the same people from previous administrations. This was extremely concerning, particularly for the cabinet positions [...]
Finance Industry as Welfare Queens
Posted in Alternate Economic Philosophies, Bailout, Inequality, Mortgages, tagged Adam Smith, LTCM, Michael Hudson on March 16, 2009 | Leave a Comment »
As Noam Chomsky once said. “Adam Smith’s A Wealth of Nations is one of those books you are supposed to worship, but not read.” I don’t understand. Ever since I was small I was told that Adam Smith’s idea of everyone looking out for their best interests lead to the best long term good. Man [...]
BusinessWeek Gets Mortgages Wrong
Posted in Media Corruption, Mortgages, tagged Enron on January 26, 2009 | Leave a Comment »
This is an exerpt from the Guardian of the 25 people most responsible for the financial crisis. “Lewis Ranieri The “godfather” of mortgage finance, who pioneered mortgage-backed bonds in the 1980s and immortalised in Liar’s Poker. Famous for saying that “mortgages are math”, Ranieri created collateralised pools of mortgages. In 2004 Business Week ranked him [...]
Nationalizing Banking – Tim Berners Lee Style
Posted in Monopoly, Mortgages, Nationalized Banking, Videos, tagged Citibank, Money Creation, Tim Berners Lee on January 23, 2009 | 4 Comments »
This excellent video series on money and banking from moneyasdebt explains the history of banking and what is known as fractional banking. Watching this series will help greatly in reading the article below. If you don’t have time to watch it, please read some of the important points below before continuing to the bottom of [...]
National Foundation for Credit Counseling is Creditor Front Organization
Posted in Debt Peonage, Investment Advice, Misleading Financial Institutions, Mortgages, Videos on January 23, 2009 | 2 Comments »
The National Foundation for Credit Counseling is an organization and lobby group for the credit counseling and debt consolidation industry. However, they not only represent credit counseling and debt consolidation firms, they also represent the creditors themselves. They were the subject of an anti-trust lawsuit. “In the late 1980s and early 1990s, the number of [...]
Nothing Learned Since Enron
Posted in Accounting Standards, Federal Reserve, Mortgages, Videos, tagged Enron, The Smartest Guys in the Room on January 19, 2009 | Leave a Comment »
What is truly amazing from this financial crisis is how little was learned since the fraud of Enron and other companies like them. This excellent 2005 movie explained how the Enron fraud was perpetuated, so it is not even necessary to read a book or lengthy article to find out how it was done. There [...]
Walking Away from Mortgages
Posted in Banking, Deliberately False Financial Information, Economic Regulation, Investment Advice, Mortgages, Real Estate, Videos, tagged CEPR.net, Henry Paulson on January 15, 2009 | 2 Comments »
(picture from http://boicemail.blogspot.com/2007/05/may-7-2007-newsletter.html) While banks are begging for and getting money to cover their losses, what has been must less discussed is whether homeowners will be offered debt relief. Henry Paulson, the Secretary of the Treasury has stated that the number one thing the government can do for the average American is “stabilize the banking [...]
International Methods Come Home to Roost
Posted in Debt Peonage, International Finance, Mortgages, Videos, tagged Citibank on January 15, 2009 | Leave a Comment »
These videos below explains how the US deals with other countries. The IMF, World Bank, the CIA, the University of Chicago economics department among other US institutions are used to support an overall agenda of economic control over countries that are weak enough to be controlled. The objective is to increase the countries indebtedness to [...]
Why Didn’t Anyone Want to Hold Mortgages?
Posted in Banking, Mortgages, Pensions, Real Estate, tagged Michael Hudson on January 12, 2009 | 2 Comments »
Something very instructive is how mortgages evolved over time. In the past banks and savings and loans owned and serviced mortgages in the US. After the savings and loan crisis of the 1980′s this dramatically reduced the number of savings and loans, which was really too bad because there is good evidence that savings and [...]
Site Info
Search Tips
-
Blog Stats
- 24,374 hits
Category Cloud
Tags
Currency for the Long Term- On Human Nature
- CEPR
- EVENT: Dean Baker to Deliver Keynote Address at JOBS NOW Coalition Meeting
- Colombia-Venezuela Dispute Will Be Better Resolved in South America
- Expiring Tax Credit Leads to Strong Rise in May Prices
- CBO Changes Methodology for 2010 Long-Term Budget Projection
- Has the Congressional Budget Office Joined the Push for Cutting Social Security?
- Naomi Klein
- Dollars and Sense
Thanks for Visiting
