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 |

McCain’s FollyThe solution to the liquidity crisis continues to be a political agreement between government, business, borrowers and investors in which the obvious factors are directly addressed --- overvaluation of home values, overvaluation of creditworthiness, and overvaluation of CMOs. Any plan which does not address those factors will merely be an attempt to sweep this one under a rug that…[...]

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Tags: bailout, credit, crisis, dollar, home values, McCain, Paulson
Posted in bubble, Corruption, Eviction, securities fraud |

Mortgage Meltdown: Socialized Losses and ExpensesThe root of any solution to the current credit crisis and meltdown is politics, which is simply a consensus of opinion. When people consent to an idea like “free market” it seems to work because we make it work. The fact is that we don’t have a free market, we never had a free market,…[...]

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Tags: BEAR STEARNS, Federal reserve, free market, military, regulation, socialism, socialized education, socialized medicine
Posted in bubble, Corruption, Eviction, securities fraud |

VISA Fraud Costing New Stockholders and Consumers Billions of DollarsThe media and lazy stock analysts have failed to read what was right in front of them. Visa faces some challenging times and in-fighting between the stockholders, the junior financial institutions members and stockholders on the one hand, and the handful of controlling mega-banks on the other hand. The prospects of…[...]

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Tags: antitrust, ATM, ATM Fees, ATM Scrip, fraud, IPO, Visa
Posted in Corruption, securities fraud |