Events today lead me to say that the risk in holding "safe" AAA government or corporate bonds is far higher than they are priced. This does not mean that there will actually be defaults. But my analysis indicates that, at a minimum, several municipalities and corporations will default on their bonds this year and next year. How bad the situation will actually…[...]

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Tags: Buffet, hedge, municipal bonds, security
Posted in bubble, Eviction, securities fraud, Uncategorized |

Perusing Credit Suisse's latest proposal on Capital Hill, which expands Federal guarantees on mortgages, there is good news and bad news. Good that the severity of the problem is becoming more apparent to those with their fingers on the levers of power. Good also that Credit Suisse, while obviously seeking to protect itself, has at least addressed the issue of…[...]

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Tags: borrowers, Credit Suisse, defaults, Mortgage
Posted in bubble, Corruption |

Paulson's announcement is really only a re-hash of prior "hope" and other plans. The important thing is that government and private sector are talking and starting to work together. We can only hope that they finally get down to business before the 30 day voluntary freeze is over and that the project, which is based upon voluntary compliance, will do…[...]

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Tags: due process, municipal bonds, Project Lifeline, taxes
Posted in bubble, Corruption, Eviction, securities fraud |

It is as though everyone has their head stuck in the ground, which is the most polite way of putting it. Look at the figures coming out --- even PRIME borrowers are going delinquent. Lenders are struggling to regain capital requirements for lending, The Federal Reserve is essentially having no effect on the downslide, retail spending is at a forty…[...]

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Tags: credit, currency, dollar, foreclosure, loans
Posted in bubble, Corruption, Eviction, securities fraud |

The bottom line is that the Federal reserve is fast becoming irrelevant for reasons described below (and foecasted by Alan Greenspan in 1996), proprietary currencies already out number fiat currencies worldwide, and a return to local government chartered bank currencies and other trusted issuers is probably the only way we can restore order to the markets. Holding onto the current…[...]

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Tags: debt, derivatives, dollar, equities, Federal reserve, money, States
Posted in bubble, Eviction, securities fraud |

While we are completing publication of our series of Handbooks for borrowers, lenders and lawyers, we are receiving many emails from people who are in the midst of complicated litigation or threat of litigation from their lenders. Just remember the 80-20 rule: 80% of the people out there who offer you help at any price (including free consumer advocate groups)…[...]

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Posted in Uncategorized |

Several pilots around the country involving tens of thousands of students point strongly to a solution for education that is fiscally possible and could catapult this nation back into the forefront of innovation and education. It also presents a major opportunity for local American businesses to get involved in their communities, expand their revenues, increase their profits and boost employee…[...]

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Tags: bank, credit union, education, marketing, online, public finance, schools, social benefits, teaching
Posted in bubble, Uncategorized |

The American Economy: Vapor without ValueMy effort here has been to point out that we are creating a fraudulent environment, much like an embezzler, that requires more fraud and more lies each time to cover up the last fraud and the prior lies. Our economy is now one which runs on boom and bust and cannot run any other way…[...]

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Tags: boom, bubble, bust, economy, fraud, lies, new economy, value
Posted in bubble, Corruption, Eviction |

Mortgage Meltdown: Economics 101Theoretically economics should be a separate discipline from politics. It is referred in textbooks as the study of scarcity and allocation of resources. It ought to be an “assist” in developing national, regional and local policies that lead to better lives of citizens. In fact, however, it is merely an arm of political partisanship and ideology. It…[...]

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Tags: crash, economics. econometrics, education, rational maximizers, stimulus
Posted in bubble, Corruption |

David Leonhardt: Congratulations on your article today in the NY Times. You addressed the elephant in the living room. For about 100 years, the United States has been acting like an embezzling bookkeeper. First "borrow" a little. Then borrow more because of "necessity", now you are in debt you cannot pay and living better than you ought to, buying things…[...]

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Tags: consumer buying, David Leonhardt, fraud, inflation, Ny Times, Obama
Posted in Eviction, securities fraud |