Major banks [WELLS AND CITI] have reportedly made proposals to the Fed on how to pay for the restructuring of large financial institutions that collapse, with the idea being to avoid the chaos that followed Lehman’s bankruptcy. Among the suggestions, the largest financial-services holding companies would maintain combined debt and equity equal to 14% of […]

Tags: Bank of America, bond funds, buyer beware of foreclosure property, Citicorp, currency, falling bond prices, Federal reserve, forged documentation, global banks, J.P. Morgan Chase, liability to insurers, modifications of loans, mortgage bonds, rising yields, treasuries, Wells Fargo
Posted in Corruption, Eviction, securities fraud |

The Future of Securitization By ETHAN PENNER July 10, 2008; Page A15 The deconstruction of the financial services industry this past year has been something to behold. Unfortunately, the responses have been shortsighted, the equivalent of putting a band-aid on a gunshot wound. The blunt fact is that we’re in the midst of a major […]

Tags: currency, economy, finance, Mortgage
Posted in Uncategorized |

The reality of inflation is that it is robbing nearly everyone blind and is going to get much worse before it gets better.   http://www.forbes.com/2008/04/08/inflation-milk-bread-ent-fin-cx_ml_0408grocerprices.html?partner=weekly_newsletter   This is the period I was talking about where merchants and consumers alike get caught in the middle. Some merchants can take advantage of inflation but most are stuck […]

Tags: currency, demand, inflation, price, supply, value
Posted in Uncategorized |

There was an interesting study published in the Economist (March 15, 2008 pp 83-85), a conservative news magazine read around the world, that disclosed an incredibly close correlation between the “rule of law” and the health of the economy. It turns out that laws, rules and enforcement create a culture of integrity, civility and good faith. […]

Tags: currency, Economist, economy, euro, morality, Rothbard, rule of law, Von Mises
Posted in bubble, Corruption, Eviction, securities fraud |

Several people have emailed me regarding what to do with their investments. I am not Warren Buffett and I don’t have a crystal ball so what I say here should be checked against other knowledgeable analyses. Keep in mind that most people are full of s–t. Everyone thinks they are a genius in an up […]

Tags: commodities, currency, euro, gold, hedge, inflation, investments, loans, stocks
Posted in bubble, Eviction, Uncategorized |

Back from a cross country trip for 6 weeks accumulating data “on the ground.” I am have discovered that the ripple effects of the economic mismanagement, the mortgage meltdown, the credit crisis, the housing crash, and many other factors are playing havoc not only with our current status but with our prospects. These are the […]

Tags: commodities, currency, economics, political backlash, recession
Posted in 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 […]

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