“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.” — Paul Volcker, former Fed Chairman, 2009 “We have allowed the borrower to get raped and then we have gone to the rapist for a course on sex education. Thus the […]

Tags: admissions, buyer's remorse, critical thinking, Deny and Discover, Florida, foreclosure defense, Kim, RESPA, TILA, Volcker
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Finally! The president has now played out the Geithner-Summers scenario and seen the results — a large middle finger raised in the air from an arrogant bunch of people who are tone deaf to the needs of the nation and the world. This decision brings us into line with the rest of the […]

Tags: bailout, Bank of England, consumer protection, financial regulation, foreclosure defense, foreclosure offense, Geithner, Glass-Steagall, Jackie clames, Louis Uchitelle, mortgage meltdown, Obama, principal reduction, proprietary cuurency, securitization, Summers, Volcker
Posted in bubble, Corruption, Eviction, securities fraud |

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, […]

Tags: Barack, Brazil and Venezuela, Bretton Woods, dollar, euro, Ireland, Nixon, Obama, Obamanomics, Volcker
Posted in bubble, Eviction, securities fraud, Uncategorized |