Today we are going to highlight the story of a home in Santa Monica that chronicles 15 years of Los Angeles County housing history. A home that has experienced two housing bubbles and is still feisty and hungry for another one. For a city with 91,124 people, you would think given the media coverage that […]
The question that most Americans have on their mind about this historical government intervention is whether this program is ultimately going to work. In short, no. In this article I’m going to highlight 10 major reasons why this global intervention is nothing more than stitches on breaking economic flesh from preventing the world from going […]
I know what you are thinking, “thank goodness for that $810 billion bailout!” $10 trillion is the new million comrades. As we blasted through the $10 trillion mark with our national debt, we have also managed to destroy $11 trillion in “wealth” in one year by simply looking at two measures, the residential U.S. real […]
What does getting punched at the gym, being forced to modify a large number of loans, and screwing over the American people have in common? It is all just another day at a comfortable and secure mahogany desk job for Wall Street and our politicians.
While a large number of Americans fret over a full blown […]
Congratulations! We are now the future proud owners of $700 $810 billion in the most toxic, putrid, rancid, and horrific mortgages that humankind has ever encountered. On Friday as the Congress went through their Broadway-like charade of actually debating and acting like they care about middle America, the bill which was just rejected on Monday […]
You may recall that in the distant past (Monday) the House of Representatives voted in a decent margin to say no to the housing bailout bill. So after a 777 point market smack down, economic fear mongering, and polling politicians found out that Americans don’t like the sound of the word “bailout.” So from now […]
Instead of the House of Representatives sending in a nice sealed envelope a candy gram to Hank Paulson of $700 billion, they instead decided to listen to the people and did a reverse bailout wiping out $1.2 trillion in stock market wealth. Go figure. The House of Representatives actually listened to the massive uprising against […]
Washington Mutual also known as WaMu, failed Thursday making it the biggest savings and loan failure in the history of our country. What makes this event more astounding that it comes on the heels of stalled bailout talks regarding the absurd and poorly planned $700 billion bailout package. A recent CBS News and New York […]
As I eagerly await the bread and circus theatre to resume tomorrow, has anyone seen any details on the $700 billion plan? The plan ushered over the weekend by Henry Paulson was an absolute joke and mockery to our economic system. He back peddled and stated that he wanted to keep it as “simple” as […]
“There are three kinds of lies: lies, damned lies, and statistics.”
-Mark Twain
There is no question that the current $700 billion USA Housing Motherland Bailout is the biggest story going around. The magnitude of the bailout has quelled other big stories that would have been the day’s topic du jour. For example, Ambac and MBIA were […]
