Somehow, the housing trouble has to at least flatten out. As long as that is going on, I think the pressure on the credit system is going to persist. It is kind of the leading indicator. It is where the trouble started. We have to underpin the consumer. That is why this is different. […]

Tags: Bernstein, credit, delusion, depression, housing, recession, risk, securitization
Posted in bubble, Eviction |

U.S. economy in ‘very difficult period,’ Bernanke says By Greg Robb Last update: 9:30 a.m. EDT April 2, 2008 WASHINGTON (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 […]

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

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 […]

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

Bear Stearns Deal and What it Means In the absence of someone filing the leadership vacuum now, we must use the rules of civil procedure to slow down the foreclosures, evictions and bankruptcies. We need breathing room if we are to avoid a depression, or if one is coming anyway, to at least keep it […]

Tags: BEAR STEARNS, Buffett, confidence, depression, Federal reserve, J Pierpont Morgan, JP Morgan, leadership, respect, trust
Posted in bubble, Corruption, Eviction, securities fraud |

The problem for homeowners is that however many ideas are put forward they won’t be effective in time to save most people, they won’t be in time to save the economy, and they won’t be in time to save our currency from further wrenching devaluation. It is the fierce urgency of now that cannot even […]

Tags: Clinton, depression, Eleanor Roosevelt, jobs, judiciary, McCain, Obama, Pelosi, recession, State Courts, Supreme Court
Posted in bubble, Eviction, securities fraud, Uncategorized |

OBAMA MOVEMENT IS LAST CHANCE FOR ECONOMY AND HOMEOWNERS. CHANGE THE RULES OF CIVIL PROCEDURE REGARDING FORECLOSURES OF ALL TYPES. As we have have repeatedly pointed out, there is no time for stimulus packages, legislative bailouts, or executive orders.  The evidence is mounting because [a] the situation is as bad as it looks and it […]

Tags: Clinton, depression, Eleanor Roosevelt, jobs, judiciary, McCain, Obama, Pelosi, recession, State Courts, Supreme Court
Posted in bubble, Corruption, Eviction, securities fraud |