In the continuing media reports on all the wheeling and dealing that is going on at the Hill on now the Baucus proposals, and the "stakeholders" (read: industry beneficiaries) of this clearly ludicrous and unconstitutional health care deform, one factor and point appears to be clearly missing. Since most states throughout the nation already provide health […]
Chrysler’s Secured Creditors Lose $4.9 Billion
William Shakespeare got it wrong. His famous saying should have been “Never a lender be, because the borrowers will buy off the bankruptcy judge”. The sad thing about the current era is that the US Government is doing everything in its power to undermine the rights of lenders. The US Government wonders why Americans don’t […]
Is the first time hom buyer credit bad for the economy?
Real estate isn’t really what this blog is about, but it comes up somewhat regularly in relationship to my keen interest in both residential building design and community planning. And, as regular readers will note, my wife and I have recently been thinking of selling our home and buying another. NPR’s Morning Edition made note […]
Analysis Shows Megabanks Have 23,000 Times More Exposure to Credit Default Swaps than Community Bank
As the economic crisis puts a spotlight on the obscure world of credit default swaps (CDS), an unregulated $62 trillion market that most people never heard of and even fewer understood, the fear of a CDS catastrophe is haunting the country’s largest banks, and the nation’s healthy community institutions and consumers are paying the […]
The "Credit Crisis "The American BAILOUT plan"
Being a good citizen and always paying off the credit cards. Using credit cards responsibly. Paying the bills on time. Paying your taxes and mortgage on time. I am not the only individual who fell in this category. This was the right standard for most Americans. The federal government on the other hand, was helping the wrong people all […]
Investing tax
http://www.lewrockwell.com/orig9/steelman6.html quote: In the midst of the imploding US and European financial systems and the resultant bankruptcies, nationalizations and bailouts the People’s Daily, China’s official newspaper, called for a new global currency to replace the US dollar. Writing in the People’s Daily edition of 17 September 2008 Professor Shi Jianxun of Shanghai’s Tongji University said […]
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