Posted in ObserveAnalysisConclude, action on Jul 20th, 2009 No Comments »
STUPID CONSUMER ON DUTY!
To whom it may concern;
I have never heard of a more insane act then that of a mortgage burning party.
Here is this couple inviting friends and relatives to witness what they think is the retirement of the note.
Great satisfaction occurs upon torching the offending note.
Meanwhile, back at the bank the banker knows [...]
Posted in Analysis, Economics, Video, youtube on Jan 13th, 2009 No Comments »
This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by [...]
Posted in Economics, Truth Be Told, the old new Depression on Dec 25th, 2008 No Comments »
What Would Dick Dick Cheney Do ?
Longtime friend, Mark Steitz, an irrepressible Washington wit, described the potential threat posed by Osama bin Laden’s new arsenal:
If bin Laden were smart, he’d disband his terrorist cells, and instead buy ad time on radio and TV stations. The ads could be simple: ‘Remember Americans, Your mortgage is a [...]