Editor’s Note: Nobody wants to hear it. The housing market is dragging the government and the economic future of this country down the drain. For decades the FDIC has followed a model of dismantling failed banks by letting healthy banks take over the assets. Despite the calls from Sheila Bair at FDIC, we are clearly […]

Tags: FDIC, housing prices, mortgage backers, principal reduction, securitization chain, Sheila Bair, TARP
Posted in bubble, Corruption, Eviction |

Editor’s Note: This might not be as far-fetched as you think. Median income is dropping like a rock. Housing prices have historically been closely related to median income. I don’t know about the percentage drop, but another crash in real estate values seems likely. median income is still out of whack with housing prices indicating […]

Tags: appraisals, credit crisis, disclosure, foreclosure defense, foreclosure offense, fraud, housing prices
Posted in bubble, Corruption, Eviction, securities fraud |

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 […]

Tags: DEBT SERVICE, depression, dollar, FRIEDMAN, housing prices, inflation, JOBLESSNESS, MOORE
Posted in bubble, Corruption, Eviction, securities fraud |

The continuing decline of the U.S. dollar will only hurt you if you are holding U.S. dollars — NOT so much if you are holding real estate  — i.e, your home. Before you go overboard in panic mode, consider this, and hope….  The mortgage meltdown free money craze may have pulled the trigger, but the […]

Tags: foreign exchange, funny money, housing prices, inflation, mortgage meltdown, negative equity, recession
Posted in bubble, Eviction, securities fraud |

Hold everything!!: Second Bubble on the Way!!!???? Interest rates dropping, Fed lowering its rates, and incoming capital from China like it was water. We now see the strategy to prevent the world from marking the Bush administration down as the most foolish, stupidest in history.  The plan is to create a second bubble. They will […]

Tags: bubble, Fed, free money, housing prices, interest rates
Posted in bubble, Corruption, Eviction, securities fraud |