Editor’s Note: I don’t emphasize this point because  it wouldn’t change anyone’s mind. But the comparison Dalio put on the table is one with which I am familiar. Nobody in Germany ever imagined that an extremist nut like Hitler could ever rise to power, that inflation would be going at 2500% per month and the […]

Tags: business insider, CNBC, Dalio, Hitler, social unrest
Posted in bubble, Corruption, Eviction, securities fraud |

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Tags: 1%, a more balanced financial system, Barclays, bully, CNBC, democracy, financial market regulation, gambles on the market, Glass-Steagall Act, higher economic growth, Joseph Stiglitz, Kathy Barnato, lower inequality, Nobel Prize 2001, Royal Bank of Scotland, stalled economics, The Price of Inequality, World Bank, Worldwide Exchange
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Wall Street didn’t merely siphon off unearned money, wealth and guarantees from homeowners, bank depositors and taxpayers. They screwed up title on what appears to be more than 60 million transactions — so even refi’s might now have rendered the title to be uninsurable or unmarketable. Big Banks Accused of Short Sale Fraud No surprise […]

Tags: brad keiser, cloud on title, CNBC, creditor, defective title, MBS, note, reality check, Short sale Fraud, short-sale, Toxic title, uninsurable title, unmarketable title
Posted in bubble, Corruption, Eviction, securities fraud |