THANK YOU ALLAN AGAIN!!! Submitted on 2009/12/17 at 2:00am Editor’s Note: Allan is right about his frustration with a government that is so slow on the draw. Yet if history teaches us anything it is that government, especially our govenment, tends tomove very slowly except for “emergency” situations, when most of the actions are flawed. […]

Tags: CDO, Chairman Cox, Chairman Mary Schapiro, collateral managers, collateralized debt obligations, investment banks, meltdown, NPR, Propublica, questionaire, SEC, securities, SIFMA
Posted in bubble, Corruption, Eviction |

Strategies for Living in a Failing Economy: Break the Bond of Mortgage and Note While You Deal with Foreclosure and Eviction: Buy time and Make Money Time for States and People to Act Now — Don’t Wait for Federal Government Even while the Bush administration and bell ringers on Wall Street attempt to maintain the […]

Tags: ARM, credit crisis, economy, Euros, gold, meltdown, oil
Posted in Corruption, Eviction, securities fraud |

  How to Benefit from the Mortgage Meltdown: Tax assessments are heading south along with home valuations — at the moment. Price declines from lower demand and oversupply will continue in many places for years to come.  If the experts are right, the first thing we can already see happening is that revenues from taxes […]

Tags: benefits from meltdown, inflation, local government, meltdown, Mortgage, personal strategies
Posted in Corruption, Eviction, securities fraud |

Mortgage Meltdown: Get Out of Jail Free Card from Paulson In the usual way of floating trial balloons before committing to anything, and without the whole hearted support from any of the many entities and people who have a dog in this fight, Paulson is “outlining” the proposal for “subprime relief.” All information points to […]

Tags: consumer, debt, Krugman, meltdown, Mortgage, Paulson, subprime
Posted in Corruption, securities fraud |

Mortgage Meltdown: Smoke and Mirrors Bailout It is obvious that the “snooty” U.S. bankers, as the Europeans are openly referring to them, still think the world is stupid. The message is out. A massive fraud has ben perpetrated by creation of complex derivative securities that looked better than they were, were rated better than they […]

Tags: bailout, borrowers, lenders, meltdown, Mortgage, securities, tenants
Posted in Corruption, securities fraud |

Most stories about the mortgage crisis begin with the idea that people were induced to buy homes they could not afford. This is mostly incorrect. The reason for the meltdown is that people were induced to “buy” mortgages they could not afford — when in fact they qualified for mortgages they could afford and would […]

Tags: CDO, fraud, meltdown, Mortgage, securities fraud, yield spread premium
Posted in Corruption, Eviction, securities fraud |