Archives by Tag ' dollar '
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary THE NEXT WAVE: MUNICIPAL BOND RATINGS AND DEFAULTS EDITOR’S NOTE: With heads stuck in the sand, avoiding the “third rail” of acknowledgment that tens of trillions of dollars of mortgage transactions are fatally defective, which would save or partially save the budgets of most states, […]
Thomas Friedman, in Michael Moore -like frankness, doesn’t make a case, create a sound bite, or try to get elected. Here he simply tells the facts. If all Americans could compare Berlin’s luxurious central train station today with the grimy, decrepit Penn Station in New York City, they would swear we were the ones who […]
Trouble for American Consumer is building and the perfect storm threatens our tenuous economy. DEEP RECESSION LOOMS WITHOUT FUNDAMENTAL CHANGE IN OUR POLITICS AND ECONOMIC POLICIES The inevitable outcome was always the same: eventually we would hit the the top, like in any Ponzi scheme. Consumers, who maxed out their credit cards, and maxed […]
McCain’s Folly The 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 […]
Get with the Program: Challenge for the Obama Presidency. Fundamentals vs. Brute Force American policy should be changed to reflect the paradigm shift — to determine ways in which we would be an acceptable member of the European Union and gradually shift to the Euro as the currency of choice. In order to accomplish this, […]
Here is my answer to the heart wrenching story presented by one of my readers. Perhaps it will help others as well. Your story is heart wrenching. You did everything right and it came out wrong. The deck is stacked. Perhaps there is a silver lining in all this. You have some extensive experience in […]
Reality Check Before we go forward with who called who a monster, or Ken Starr, bringing back memories of deceit, sex, lies and and videotape, let’s do a reality check. People are hurting and the candidates are getting information from advisors who simply don’t get it: the monster here is the economy, reflecting society decisions […]
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 […]
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 […]
And this is still the tip of the iceberg. It is happening all over the world. Public officials are hiding it in the hope that a bailout might save the investments. They can’t stop the disclosure. The party is over. This time the intended and known consequences are being dwarfed by unintended and unknown consequences. […]


