Editor’s Note: Home sales will continue to drop, home prices will continue to drop, banks will continue to fail until principal reduction is recognized as the reality of the situation. More than 11 million homeowners are reportedly under water. The real number is closer to 20 million. see Modifications Pushing More Homes Underwater. Our economy cannot …
More Bank failures, More Foreclosures, More Homes Under Water Read More »
Editor’s Comment: Again, myth prevails. The monster that gobbled our home equity and the value of our pension funds came from the waters beneath the market not from some economic disaster or sudden migration of population to Australia. The “loss of value” was nothing of the sort. Prices were going up during a decade when …
Monster From Below, Not from Above — Appraisal Fraud Read More »
Editor’s Note: Thanks to Allan again. If there is one person in a relatively high position who has understood the subprime crisis, acquired the information on securitization, named the villains and described their practices separating honest people from their money it is Elizabeth Warren, whose was barely heard over the din of back-slapping during the …
Bostonian of the Year: Elizabeth Warren, Watchdog Read More »
The value added tax (VAT) has been around for decades in other countries. It is predicated on the idea that ALL people should share in the cost of government. The way it works (see below) is that the government picks up 10% (for example) of each stepof the production and sales process. It is normally …
Payback TimeMany See the VAT Option as a Cure for Deficits Read More »
now available on kindle/amazon! Bank and Regulators neglect-and-inaction-7-10-09-final IndyMAc Bank FSB. v Yano-Horosky Nevada Law Practical RP Issues VIDEO: Preparing for Hyper Inflation People (including lawyers cross-examining me as an expert witness) ask “How do you know that?” Or sometimes they will ask “How do you know you’re right?” My answer is that it’s not …
NOW AVAILABLE on KINDLE/AMAZON The Emperor\’s New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? 1-in-10-u-s-mortgage-delinquencies-reach-a-record-high-going-up The Emperor is still strutting around as though he was fully clothed in the best silk, color and design. Wall Street is still the darling of government and a whole lot of other people, even if it was …
The Emperor's New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? Read More »
