Collateral damage and contributing damage From CNN and NY Times: Loss of jobs means loss of income, loss of tax revenue, increased defaults on home loans, credit cards etc. The downward spiral of economics and the upward spiral of inflation are here. They will continue to feed off of each other. It is political cowardice to avoid the obvious --- stop…[...]

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Tags: bankruptcy, briefing, candidates, job losses, jobs, recession, unemployment
Posted in bubble, Corruption, Eviction, securities fraud |

Healthcare Madness: Stem Cell FurorYou must remember the simple American health care formula: if insurance covers it, it gets done. Insurance only covers it if the overall revenue and profit picture for big Pharma and insurance is maintained or enhanced.The big LIE in the United States that we have all subscribed to until recently is that single payer systems would…[...]

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Tags: Cell treatment, drugs, free market, Medicare, Part D, regulation, socialism, socialized education, socialized medicine, Stem Cells
Posted in bubble, Corruption |

U.S. economy in 'very difficult period,' Bernanke saysBy Greg RobbLast update: 9:30 a.m. EDT April 2, 2008WASHINGTON (MarketWatch) - The outlook for U.S. growth has worsened since January and the possibility of a recession can't be ruled out, Federal Reserve Chairman Ben Bernanke said Wednesday. "It not appears likely that real gross domestic product will not grow much, if at…[...]

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Tags: Bernanke recession, consensus, counterfeit, credit cards, depression, money, Obama
Posted in bubble, Corruption, Eviction, securities fraud |

The answer to our unique American set of issues is not a single issue proposed solution, but a sea change in our premise: either we are a nation of people and laws to protect, defend and promote the health, safety and welfare of all our citizens or we are a vehicle for corporate interests that will do anything to maintain…[...]

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Tags: Chelation, corporatocracy, happiness, healthcare, IV therapy, medical, money, protocol, stem cell, taxes
Posted in bubble |

A helpful article:WASHINGTON (MarketWatch) -- For many people, filing for bankruptcy is seen as a scary, worst-case scenario, but consumer advocates say this last resort could be a real help for beleaguered homeowners.There is no shortage of proposals in Congress to address the housing crisis: the Depression-era Federal Housing Administration is up for a makeover, and there are other plans…[...]

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Tags: bankruptcy, Chapter 11, Chapter 13, cram down
Posted in bubble, Eviction, securities fraud |

That's Trillion with a "T" Most people agree that we can't correct the problems that are still unfolding unless we admit the severity of the problem. The current estimates of a maximum of $450 billion damage are absolute lies designed to give reassurance to people who could and probably should cut and run. As long as we deny what is…[...]

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Tags: credit, inflation, liquidity, measurement, Paulson, regulation
Posted in bubble, Corruption, Eviction, securities fraud |

You can argue all you want on paper with equations and philosophical arguments, but a simple human fact remains true --- if people do not feel any moral sense of accountability they will not act in accordance with a reasonable standard of good character. Without character the entire society, and of course the economy, goes down the crapper. The U.S.…[...]

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Tags: attorney general, bailout, Character, congress, money, Paulson, regulation, States, Treasury
Posted in bubble, Corruption, Eviction |

Boom and Bust Cycles: Predictions on American Life --- PART I MONEYThe best predictor of future behavior is past behavior. It’s all we have really. Of course the problem with using past behavior is that we relying on defective memories or reports from people who had their own agenda in relating “facts” that tend to enhance their own future. Thus…[...]

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Tags: boom, bust, Economic History, Federal reserve, money, mortgage meltdown
Posted in bubble, Corruption |

Whether Krugman is right in today's New York Times, predicting a massive bailout between $450 billion and $3 trillion at taxpayer expenses, or the "free marketers" have their way and let everyone collapse, or some people finally get it and move toward a consensus of policy that forgives everyone their transgressions but keeps them in the game as we have…[...]

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Tags: borrowers, debt, depression, equity, lenders, recession, risk
Posted in bubble, Eviction |

The New York Times just published an article today summarizing a detailed 580 page report showing that KPMG, the auditor for Century Financial (now defunct) expressly approved a change in accounting method that allowed the company to show a profit when under normal accounting rules the company would have shown a loss. Implicitly this shows the ever-widening complicity of third…[...]

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Tags: Auditor liability, borrower, Century Financial, foreclosure defense, fraud, KPMG, Lender Liability
Posted in bubble, Corruption, Eviction |